>> playing for a trade war relief, xlis the industrials >> mentioned a retail j.w. nordstrom has the rack j.w. rack. >> that's it for us. in the meantime, "mad money" with jim cramer starts right now. my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a -- i promise to help you find it "mad money" starts now hey, i'm cramer. welcome to "mad money. my job is not just to entertain you, but to educate you. call me. how we going to know when this pain is over after a day when we opened down, sharply down, and had a sharp rally up, only gaining 108

point points, i think we ought to consider what makes for a sustainable bottom as opposed to a failed bottom that leads to still one more leg down. that's the real conundrum of this market. remember, most stocks are in a bear phase here. not all stocks, just most. if you're in recession proof stocks, they deliver a surprising upside numbers, those stocks go up and then and up and then up each time, some analysts raise their prices if they go occupy how well johnson & johnson is behaving klorox hit an all-time high today. earnings period, we no the same news that laid the stock low as put them right back up proctor & gamble, coca-cola, they refuse to quit. they ain't in no bear market there's the greatest story of all time, verizon. verizon? well, it's got a decent balance

sheet, 3.97% yield maybe the government allows sprins to merge with t-mobile, only allowing the companies to raise price. as a consumer i'd much prefer we have really antitrust enforcement. if you want verizon. profit from the behavior they can rally on bad days and on good days sometimes i think it's -- they're like the david blaine is lev at a timi levitating them. the valuations have gotten very stretched. now, why do the recession names keep climbing? big money generally bears, but it doesn't want to leave the table. these are the only stocks that perform well during a slowdown big money knows when they buy most stocks they're fighting the

fed and the president. that's too hard. they'd rather go own clorox. buy verizon. let's talk about apple this stock is front and center in the tortured market that none dare call bear except for, well, me i want you the listen to apple, which you know i believe you should own, not trade. listen about the health. 25% of its value in less than two months, $200 billion vanished, gone i can't find it. anyone seen it anyone seen the 200 billion? >> no. >> there you go. apple came into october with a full head of steam in fact, it hit an all-time high of $233 on october 3rd the slide began the next day the day that vice president pence changed our policy towards china from simple trade war to something nor bellicose. the most important takeaway for you was that the white house no

longer seemed to care how much tried we do with china pence made it clear there will be consequences for companies that do a lot of manufacturing in the people's republic when it could be doing it here in america. what american company employs the most people in china i don't know according to that website, when translated into english, i don't know, apple supported 4.8 million jobs, more than double the workers the company directly and indirectly supports in the united states pence wants china contained. even sounds like he wants regime change, economic sabotage. you view is world through that lens, companies trading with china are trading with the enemy. ever since that pence speech, the stock's been doing gown. apple reported a strong first water. they will no longer market the phones they sold -- that line hijacked everything good we've heard endless supports to

cutbacks, heard that the company is having trouble selling phones, the two issues, china and the perceived weakness in the iphone have crushed apple stock. every time they make a cut in numbers, the stock goes down every time we're worried about the trade war, the stock goes down last night the president gives a rambling interview with the wall street journal he says perhaps you put a 10% tar i have on the iphones made in china the american consumer could handle it. thank you. suddenly the reality of the tariffs at home, if trump fulls the trigger, they come down. if the president does this, apple, arguably america's greatest company, the jewel will be put in an untenable position. if it goes to please trump it runs the risk of the chinese putting tariffs on its good. if they want to play tough, thaw put an boycott on iphones. this is all ridiculous

apple shouldn't be funnished, it should be celebrated i will not play that game. i think apple stock at 12 times earnings is a bargain. it's a bargain that is beginning to reflect all the bad and none of the good, great news, this very evening, from sales force, which we will talk to. i bet apple is buying stock all the way down, on any good news tariff or otherwise. here's the bottom line, in this tough, tough market, as long as we don't know if there's a real iphone slowdown, and until the president takes apple's iphone off the trade table, you can't expect an end to the pain. i think it's worth it to hold the stock or even buy some but at this very moment i feel very alone, maybe just maybe that's exactly what it feels like to be near bottom at least in this one important stock, in not the rest of the tech sector. let's go to bill in florida. bill >> howdy there, the hardest working man in show business. >> i sure try.

>> thank you for everything you do, jim. >> i was up at 3:20 this morning, i heard some other guys were getting audiotaup at 3:30. >> a question about cloud kings tibm red hat deal. >> right. >> we had s&p -- i mean s.a.p. buying kwal trix and then google cloud canning its fancy ceo. so i'm wondering if this all -- competitive climate for the cloud and if microsoft in particular should be worried. >> it's a great question i has been to believe, huge belief in the cloud. i think the data center is good, customers are getting digitized. i think microsoft is doing great. and even alphabet is going to step up and doing some right things i'm not backing away eli in florida >> hey, jim. i watch your show when i can and noticed about a month ago you

made a call on cbs over walgreens wba. >> right. >> i've been watching them casually for a while before that and i continued closely afterwards what i've noticed is that since your call more or less the opposite has occurred with wba outperforming cvs, i was hoping to get your take on that and what's your prediction going forward? >> cvs had a gigantic move the stocks just moved from 75 to 80 in the last couple days and i think that's pretty darn good walgreens is up from 80 to 83 during the same period i'll take my view. it doesn't matter, i like them both what i really like are these questions because they are about areas that i think make sense, cvs with the edit deal and the cloud stocks, enough is enough with the negative cloud stuff. enough, enough, enough moe most stocks are in bear market mode i'm getting tired of it. what does the market fear index

tell us about the long-term potential of the market? do not miss this i am tracking this down and offering unemotional opinions. salesforce, off talks to be exclusively next so stay with cramer. >> announcer: don't miss a second of m"mad money." follow @jimkramer. send jim an e-mail or give us a call at 1-800-743-cnbc miss something head to "mad money".cnbc - alpha seems more elusive today.

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like the fears that a lot of people had, this is the big short fall, the guidance cut, they didn't come true, did they? >> well, jim, we just had a great quarter here at salesforce i've got a lot to talk to you about. but before i do, i have something important to tell you. we've had terrible fires here in san francisco last two weeks i just want to extend my sincere thanks to all of the firefighters, first responders and my heart is also with the victims and those families who have lost their homes. over 14,000 families have lost their homes here in san francisco, jim, and 500 businesses as well and more than half of the first responders also lost their homes. and at this time of the year i want everyone to know that they have our sincere gratitude and our hearts remain with all those who have had such terrible suffering the last couple weeks with the fires. >> how do we help? >> jim, we're giving $2 million

today to the victim recovery funds, including the north valley community foundation. and we'd love to encourage others to go ahead and please give to these families who have lost so much. >> and we will do that. >> thank you for letting me say that. >> absolutely, of course, that is you that's one of the reasons we've come to expect salesforce to get the finest people in the country. that's your top priority the numbers here are a bit stunning in the sense you're really still talking about beating numbers by hundreds of millions of dollars. even when people didn't expect this to be an important quarter. people were worried about a slowdown i don't see a slowdown i see an acceleration, particularly in europe. >> jim, we see, hitting our big goal, which is $22 million, $23 million in revenue within two fiscal years, by fiscal year '22. here we are giving fiscal year

20 guidance for the first time at $16 million we are really excited. salesforce remains the fastest growing enterprise software of all time, that's incredible. >> for instance i'm looking at the numbers i compiled for what you could do for fiscal fourth quarter 2019 guidance next quarter. you blew the revenues away in terms of the forecast. >> it was a great quarter. jim, these revenue numbers are incredible, wouldn't you say way beyond expectations for the quarter, it's awesome. >> people should be focused on the revenues because that's how i gauge your strength. >> well, you can see we had a great quarter. the third quarter was phenomenal you see we're giving phenomenal guidance for the fourth quarter. and, you know, certainly we're all praying and hoping to improve on that, by the way. and now we can see a strong fiscal year ahead in fiscal year '20 as well. i don't think the company has ever been stronger or in a better position. every company we're dealing with is going through a huge digital

transformation every digital transformation begins and ends with the customer you look at the one of the largest deals we did this quarter is a nine figure deal with one of the largest banks in the world, and they're just rebuilding how they deal with their customers. that's an amazing, amazing story for us, just to see everybody go through the transformation. >> a nine figure deal would mean, basically, that they're redoing everything that is customer facing? >> everything that is customer facing, for one of the top five financial institutions in the world. and another one that i can give you the actual name for is doing something just as exciting, is city bank. and, you know, michael has done a fantastic job as ceo, we've been working on the retail transformation there this quarter they opened the door for us and they're doing the wealth transformation as well we couldn't be more excited about that. >> people are trying to understand the enthusiasm i've had for your stock since it was

at $8. why does citi need a marketing cloud, it's just a bank? >> well, every company is transforming their relationship with their customer and we're going from a world where if you don't have a digital one on one relationship with your customer, you're just not going to be that successful and you can look at some of the huge successes we've had in the quarter and i've got great stories to tell you, jim but one of the stories i love is uber of course, we've all called our uber well, uber has a tremendous need to have a relationship, not only with you, the consumer, but also with the driver, their own internal operations. you know, that's been an exciting story with us as we've been able to improve our relationship with dare and other executives in the company, we've seen them transform their relationships with their customers. >> you guys have a lot of partnerships last time we were excited about the apple partnership. does that produce results or is that a two-three year

transformation >> apple has been a great opportunity for us we've worked on that for so long we all use our apple products all the time at salesforce. now we have a strategic alliance with apple, we're encouraging our customers to do what we do, take their information on the road we have the ability to automate every enterprise around that incredible platform. and we see customers doing that. i'll tell you a great story during the quarter, jim, with service master this is a company that has a lot of brands, but you might know some like terminix and others. it's a huge field, but also the integration of their call center, their contact center they're trying to build a 360 degree view of the customer. you're working with technicians in the field they need of a strong institutional memory of you back in headquarters. that's a digital transformation so exciting for so many companies where they protect their homes. >> i've got to ask you, there is

a sense on wall street, very different from when we were out there, frankly, that the whole customer relations management, also the data center, all the analytics, have slowed, that the transformation has slowed. how is that disconnect possible? >> well, you can look in all the crm companies, we're the largest and most important in the world, number one in crm by market share and revenue and as you can see, again by revenue growth but look, it's a big industry and all the players are doing well because every company is going through this customer transformation who's not going through that everywhere i go in the world this is happening and it's been going on and it's not going to stop anytime soon. you said it right. it's about sales, it's about service, it's about marketing, it's about commerce, it's about analytics, it's about applications, it's about building community, or in the case of one of a great customer

we have, dupont, it's integration. and the ability to integrate everything together. it's so important for so many of our customers. >> i know you're working with ed breen to make that happen over the threeway split one last thing -- >> great executive, ed breen. >> he's fabulous any sense that we've had tim cook call for regulation, you've been at the vanguard saying facebook is not as customer centric. do they need a big change? do they need someone at the top or chairman who understands the importance of the customer as opposed to the data? >> well, jim, you know that every company has to hold themselves to a new level of trust. and if your brand is not about trust you're going to have customer issues, and you can see that in that brand, but you can also see their executives are walking out, employees are walking out. and that happens with a lot of companies in tech right now. we've had a lot of walkouts this

quarter, jim and the reason why is because it's kind of a message to the executives, it's time to transform. and let me tell you why that is. in technology, over the last two decades, the most important thing has been the idea, that is the best idea wins that has been what gets you funded, how you grow your company, your highest value, the best idea wincs, no longer true. the current highest value is trust. if trust is not your highest value, if the most important thing to you and your company is not trust, you need to look again. that's what's happening with these companies today. >> i think trust also is good for business as well as being good for the soul. >> absolutely, thank you, jim, i totally appreciate. >> marc benioff. >> great to see you, jim. >> remember what he said about the firefighters and first

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let me tell you something about the mechanics of being a commentator. what's really not worth it, taking a stand you're not awarded for taking a stand, not in this market, perhaps not in any market. i'd never do it, fortunately for you i can't help myself. but the incentives are all in the other direction. you're rewarded for equivocating, or saying on the one hand, on the other you can make your life a lot easier by either saying nothing or declaring yourself an eternal optimist or pessimistic. what people really hate, when you change your mind, when you reassess the situation based on new facts. when you're wishy washy, not willing to offer a declarative

view, you make your life trouble free when you take a stand, you know you're going to get pummelled, as i've been pummelled right now ahead of the g-20, i know we're in a very important juncture i want people to realize the dangers if our leaders do the wrong thing. i'm hoping this time the fed will finally take me seriously 11 years ago i came out here and i screamed -- >> they know nothing. >> and the federal market committee literally laughed at me they turned out to be sadly mistaken that the sfed is a learning animal maybe they'll be more open to criticism this time around, maybe they'll listen but i'm not saying the fed will necessarily do the wrong thing i'm certainly not saying you need to sell everything. that's absolutely not what i'm saying not what i'm doing with my trust, follow along.

we're carrying a high ircash position because of the risks i perceive people on twitter are claiming i told them that you'll regret not selling things at this level if the fed screws up and goes full bore against inflation that's a very reasonable statement if you ask me. if the fed drops the ball, hey, we're in real trouble. however, that's a mighty big if. i'm not saying you need to sell everything because the fed will make the wrong call. i don't know what they're going to do. it's possible to look at the data see it like me see how weak the economy's become, away from ecommerce and employment and air on the side of caution giving us one more rate hike and then deciding to wait and see before he tightens again that's prudent i don't want rash, i want prudence it's possible he won't tighten next month at the same time if the president were simply to say he wants china to have a little more time before raising the

tariffs, perhaps it's a sign of good faith, perhaps it's a sign that companies have more time to move then stocks again will roar. if trump doesn't do that, i expect more downside we're in a binary moment here. these are not controversial statements the idea that more rate hikes and higher tariffs are bad for business is the most conventional of conventional wisdom unless you believe the economy is so hot we can handle more rate hikes the president claimed in that completely bizarre out of body interview with the "wall street journal" yesterday how easy it would be for me to say nothing or adopt a permanent position, eternal cheerleader or eternal bear if i came out every day and said it was the seventh inning of the bull market, would anyone mind you could say that for the last 30 years or if i came out and said stop worrying about your stocks,

everything is good, good, good maybe i could give some extra respectability by saying and don't forget -- don't do it. again, that's regarded sagely on salable. the problem is it's not actually advice that's helpful for regular investors. explain the risk and the rewards. help people avoid gigantic downside right now i think that stocks still have a lot of risk and not a lot of reward unless jay powell and president trump do the prudent things they mountain might not do them. i'm exasperated when i try to warn people you shouldn't be too excited about the upcoming g-20 meeting. and then i get excoriated for being incredibly bearish i don't think the president is all that eager to make a deal with china, something i've been saying for ages, even if you think that's good foreign

policy, it's bad for the stock market here's the real crux of the matter the fact is i've been far more bullish than bearish in my career for good reason. the dow has gone from 1,000 to 25,000 good call if i have to say it myself and i'm going to say it because i want to explain why you should bother even listening. in the times i got really bearish, 1987, 2000, 2007, it was right to be bearish. i messed up big time in 1998, you can read about that in confessions. three out of four ain't bad. as my late mom always said, if you don't stick up for ourself no one else will let's be crystal clear, i'm not super bear right now not how oversold we've got to be and how tremendous the salesforce quarter was there's a lot that could go wrong that's out of our hands as stock companies. crushed on bad news or even middling information as was the case with retailers last week. apple for the last two month

that's wrong try to call it as i see it, even though it can be uncomfortable for me i'm doing my best here, you're getting my honest opinion. here's the bottom line if you want wishy-washy opinions, or permanent bullishness, you've got a lot of different options to choose from as far as i'm concerned that kind of analysis is not useful i'd rather try to get it right and help people. that's why i come out here every night, including tonight, and tell you the truth as i see it even when it causes me to get pilloried on social media and even when i get it wrong through a lack of understanding or simple bad luck let's go to philip in florida. >> hey, mr. cramer, how's it going? going real well. >> my question is about the company intel. they have a new design on their new products and apparently it's not going to be as good as the competition this time around what's your opinion?

>> i think that advanced micro has done a remarkable job, all the way down from 34 to recently 19. i think that's an overreaction and buy amd. amd is taking leaps and bounds above intel in a lot of different things let's go to ralph in new jersey. >> hello, jim. today i'm looking at tlry. jim, with cannabis all the rage today, i can't find logic in this stock the appeal was $17, it's traded up to 300, closed today at $114 with a market cap of 10.5 billion, jim. based on the last quarterly revenues of $10 million, there are no earnings yet. that gives out a multiple of 250 times annualized revenues.

jim, following you for a long time i understand investing for value, income, growth, even speculation. i even remember amazon and stories when they're generating revenues, generating revenues, no earnings. jim, so many players in this space. the tilray >> no, be in canopy. they've got more than $4 million in cash given to them by consolation brands i'm interviewing bruce lynnton on thursday. every single other marijuana cannabis stock should be sold. the only one worth owning, if you do want to own one, is canopy or derivatively through consolation brands which gave them the money sometimes put your neck out there, okay, i'm going to come out and say it, there's a lot going wrong right now. unless the fed and the president do the right thing, we're going to get the lower levels. there, okay.

watch more "mad money" ahead will consolation brands, canada goose and five below can tell us about long and short-term potential in this market all your calls rapid fire, tonight's edition of the lightning round. stay with cramer

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we've had moments in this bear market where suddenly everything looked like maybe it was okay on october 16th, averages rallied like crazy dow graining 550 point and a widespread sense that at last the pain might be over. but i thought that might be too optimistic we checked in with mark

sebastian, the founder of option pit.com. he told us, no way, expect more downside that was a good call after yesterday's bounce, i wanted to go back to him he's the source here the vix, or the fear gauge, it does such a good job of measuring the overall level of panic in the stock market is something that this man knows this better than anyone i've ever seen, what does he see? let's start by taking a look at this pair of charts. the s&p 500 and the volatility index over the past four months is so telling it's incredible. historically they're supposed to be trading in opposite directions it works by applying -- investors like to buy -- insurance against wide swings in the market the price of the insurance goes up when they expect less volatility, the price of insurance goes down.

that's what makes it a good tell on october 11th, when the meltdown had really gotten going, okay, sebastian points out that the volatility index peaked at just under 29 day, and then october 24th, even as the stock market continue today climb, the vix made a lower high, peaking at just under 28 that's huge for sebastian. when the vix and the s&p move in the same direction, it's a sign a big move is ready to change directions, even if the change is only temporary. when the s&p makes a lower low, but the vix fails to make a higher high, sebastian tends to take a sign that a bottom my be at hand. sure enough, the s&p made its lowest low yet, there it goes. the vix once again failed to make the higher high suddenly the market caught fire. for the next week it seemed like the situation stabilized it ran from 26.40 to 2,800 in a straight line and it was

breathtaking meanwhile the volatility index was behaving, tanking down to 16 as it should, okay, that's exactly what should happen as the level of fear reseeded the fear was stuffed the averages peaked again on october 7th. maybe the bounce is temporary, maybe not. but let's take a look at the second pair of charts. the same pictures of the s&p and the volatility index with a different emphasis based on the action in the vick, there has been very little panic. as the s&p plummeted once again the vix pretty much traded sideways in short, as stocks were going lower, one of the worth breakdowns in years, the fear index barely reacted it was kind of expected. six days ago the s&p reached its lowest level since early february the vix was barely over 20

remember, it shot up to 28 when we fell off a cliff in october what gives here? does this mean the volatility index is broken? has the fear gauge stopped working? sebastian thinks it's simpler than that. markets with indeed fall without the vix rally. in fact, we've seen this before. what happened the last time the s&p 500 got slammed? and the vix fell along with it rather than rallying like you'd expect okay, let's assume now, this is really instructive this next pair of charts shows the s&p and the volatility index going back to the beginning of the year remember how the averages fell apart starting in january. and the hideous meltdown in february, trading with the vix there was a nice bounce in late february, nice bounce here, late february and early march then we quickly went back into selloff mode giving up the gains. look at the vix. isn't this interesting spikes above 35, during the first phase of the climb then during the second breakdown

in late march, itting on ticks up to the low 20s. to sebastian this looks like what we've seen in the past couple months. during the first leg of the climb, i'll switch directions, in october, the vix went crazy but during the second leg down in november, the vix just shrugged, didn't do anything why does this matter when the vix and the s&p start behaving like this, sebastian says it's almost always a sign the stock market is actually trying to find a bottom. wouldn't that be something here's how it works. in october the meltdown took us by surprise and everyone freaked out. traders bought protection in the s&p 500 and that's why the vix surged the hideous decline of last week, we didn't see a ton of puts, both in the form of s&p and coal options why does this make sense as horrible as last week was, we've finally become jaded not jaded enough, necessarily, but if you're going to get a

sustainable bottom, the bulls need to capitulate when the stock market gets crushed and traders aren't that surprised. the selloff in october blind sided a lot of people. even investors who thought we were ready to rally knew there was another down leg possibility. sebastian is very instructive here too vix volatility index if you can remember any call clcu lus -- it shows you the expected volatility it's super bullish, super bullish. why? because as the volatility index tried to creep higher, okay, you're watching the -- over the last couple of weeks, the vivix has been in free fall. in other words the money managers betting on the vix itself, they believe volatility is going down, not up. if the fear index is ready to go lower, sebastian says it's an incredible sign and it says he's

saying, listen, we can have a bottom at hand in the market in fact, he thinks it's possible we may have already bottomed, just like we bottomed in prapri when the market sold off this suggests it's time to buy he thinks you might not get another chance as good as this one for the rest of 2018 i don't know if he's right, but don't you find it heartening when you consider how ripe sebastian's been in the past the fed may be in right mode stranger things have happened. if they do, the bear might finally, at last, hibernate. "mad money" is back after the break. hey, what are you guys doing here? we've been helping you prepare and invest for retirement since day one.

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it is time, for the lightning mode and then the lightning round is over are you ready? start with howard in colorado.

howard. >> hey, big boo-yah to you jim. >> what's going on is this. >> i have a position at monogo -- earnings coming out next week. >> i like them very much people are underestimating the power of what they're doing for enterprise software, on fire go to debbie in arizona. >> hi, jim, thanks for taking my call. >> no problem. >> i'm calling about world power, inc., the real estate investment trust, diverse health care. >> that's a senior -- when you do senior housing, we don't recommend anything else other than bentos, it's been counted down so many times it's crazy. name toss is the way we play it. anthony in california. >> boo-yah, jim, thank you for taking my call, and thank you

for all the things you do for the small guy out there. >> thank you, yes. >> i've got a ticker for you adi. >> it had a good quarter a lot of people felt there was slowdown in the business it was not bad the stock's a buy. go to tim in maryland. >> mr. cramer, love your show, first time, long time. >> okay. >> a couple years ago you recommended a immu recommended a communication. >> that one took a long time, but the answer is yes, because it's a unique niche business, joseph in new york. >> how we doing, jim long time watcher. >> thank you. >> first time caller. >> yes. >> never seen on your show, how about huntington. >> regional's not working for me two that i like a lot, i like city trading at tangible book,

and i like jp morgan, where jamie dimon is doing a great job. nobody seems to care right now they will one day. bill in florida? >> boo-yah, jim. is it now a good time to buy rangold mines? >> i like gold, i like rangold, but only because i think people shof some exposure to gold i'm not a big bull on gold right now. i regard it as insurance dave >> dr. cramer. >> dave! >> how you doing >> not bad you see the way marley's getting along there in the twitter pictures >> no i missed that. i'm going to have to check that out. >> thank you >> jim, my stock today is bean town boston scientific, bsx? >> what can i say. i think bsx is going to come out

and it's going to be in the afc championship i like it. >> keeran in indiana. >> i'm from the kelly school of business at indiana university. >> how much fun did we have when we were at kelly, fabulous kids. >> a ton of fun. absolutely i was wondering if i could get your thoughts on lkq >> i screwed up on this one. i liked it i've misjudged you poor the auto cycle was. my bad it's not working let's go to steve in pennsylvania steve. >> okay, all right, remember, five and six, we're all in the hunt, this was still the year we won the super bowl people forget that, it's -- what's the stock >> look at tp.

>> how much have i paid those guys >> fine utility, nothing wrong, nothing right. that's the conclusion of the lightning round. >> announcer: the lightning round is sponsored by t.d. ameritrade exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here, i've done my job. call for a strategy gut check with td ameritrade. ♪

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long-term, versus short-term the oldest dilemma in the book

there are a ton of long-term that could be horrific in the short-term five below a concept that flew region ally in the -- there's room for 2,500 nationwide, a terrific trajectory, that will give you excellent long-term growth the stores have a treasure hunt feel and the merchandise is, as they say, hand picked, trend right, and wow they're putting up new locations like crazy what's the problem five below reports on december 5th. let's say the president decided to let the tariffs go from 25% they source a lot of merchandise from china do they have to go to 550 and below? while we have the stock in the bull pen, how can we not wait to see what happens with the tariffs. next up, canada goose. it reported a big beat 46 cents, wall street was

looking for 26 cents raised the forecast from 20% to 30%. phenomenal the company's direct consumer business has soared, and much higher margins than traditional retail this morning's shareholders dumped 10 million shares at $65.60 the stock was poorly placed, traded well below the price immediately. cloeszed at $62.82 will it matter longer term i think not. this is a great concept, great execution. but won't people be worried that insiders are bailing in this market, it's the narrative. finally, consolation brands, the company behind medelo, krona and -- it has a great deal of premium wines. and if you're concerned marijuana's going to disrupt the alcohol business, consolation's back in canopy growth, the biggest and best canadian

cannabis company looking forward to speaking to the ceo on thursday. one thing is clear, they may be the only winner coming out of legalization, the only player with the capital to do so. my reluctance? now the stock is down 40 points from its high. i think the market has turned on beer specifically and alcohol in general. why? because of disappointing sales at anheuser-busch. crazy thing, that's a competitor losing share in a bear market, who cares. people sell on good news and on bad news these are the dilemmas i find every day. i am confident that longer-time five below will grow nationally and successfully canada goose is the best apparel company out there at a discount. consolation is the best way to play beer and bud. if i tell you to buy them here and they cokeep going down, i'l

have stuck my neck out for nothing. if you have the patient, if you're willing to accept short-term pain and expectation of longer term gain, i like five below, canada goose and cons lags brands. if you can't handle potential pain, those stocks may not be for you.

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and then, more jobs robegan to appear.. what started with one job spread all around. because each job in energy creates many more in this town. i've been waiting for apple stock to start down. and then go higher that pattern has not occurred until today. i think it's a positive. i've been waiting for salesforce to report and give a good forecast it reported a great number and gave a great forecast. these two should make a difference as the worst stocks are stocks in tech, particularly anything related to the cloud. i think that the cloud is very strong and that the bears are wrong. i'm jim cramer i'll 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." ♪ who believes she has a new and improved version of a ubiquitous product. ♪ hi, sharks. my name is ivori tennelle, from irvine, california,