>> i don't know. >> how do you feel about maga. >> stay in your lane, bro. >> that does it for us see you back here tomorrow at 5:00 don't go anywhere. "mad money" with jim cramer coming up next 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 a very special san francisco edition of "mad money" welcome to cramerica other people want to make friends. i'm just trying to save you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. look, you can't wait for an

all-clear sign when you think a troubled business is ready to turn around, you need to buy its stock before the bad news come in and that's the take away from today's fantastic action the nasdaq jumped. the best examplelook at the semiconductor stocks we have seen a remarkable reversible in this leadership group. the semis let us down last quarter. the lynch pin move is micron with a chommon theme, you can't wait for the price of d rams to bottom these analysts have been upgrading and they are absolutely right

the stock market is a forecast machine. people are buying micron hand over fist because they expect the company to be in a better place in the second half of the year especially since micron is selling for four times the earnings the cheapest stock in the book there is one problem, though before we get to the second half where can he newe need to play through the first half buyers will be able to look past that have they steeled themselves in number cuts, or will they panic and stopping this entire rally in the tracks. that is the dilemma. first of all, why did micron get obliterated in the first place supply and demand. particular a ton of supply with lack of demand

basic building blocks of the new economy. just like paper and chemicals to the basic building blocks of the old economy. those comments acted as an accelerant sending the whole tech sector into a tail spin the intensefication trade war with china didn't help demands seemed to peak just when new supply was come can online to build new facttories and when that happens, that is when stocks got crushed from tight to glut the stock did not react well so why the heck is it rebounding like crazy management told us business is

awful. aren't these bullish analyst jumping the gun? this rally is about a turn in the second half. if you believe the trade war will simmer down and fed chief will hold down on the interest rates, then an expansion can start. it is not gun jumping if you listen to what micron ceo told cnbc this morning in las vegas. >> what's important to understand is the content within the smartphones, the amount of memory, the amount of flash that is needed because of multiple cameras and aig features so yes, near terms

micron continues to execute well on its plans >> what a great interview and that is exactly what we want to hear get this last night chip maker with a lot of cell phone exposure pre announced a shortfall yet the stock rallied today. you have to buy ahead of time, and that franchise is totally in tact what about broadcom? then there is nvidia cryptocurrency mining. remember, nvidia couldn't figure out whether the customers were using the chips for gaming or crypto mining. that excess inventory is being worked off too, so the stock is bouncing analysts put out a note and the

note argued you would be gun jumping if you bought now, and that caused a one day sell off by the time we know for sure that business has turned, you will have missed the move. i like nvidia here one reason i believe their adoption will be far more rapid than wall street expects the strength in those areas will be obscure or one about my other faves? land's machines help manufacture all of the machines in glut mode this stock always bottoms more i don't expect this quarter to be anything to write home about. the surge plus 5.2% because of the current quarter seems odd. but it is what you have to do to

get ahead of next year's numbers. this move is all about anticipation or ant ici-pation. sure enough, this morning the largest home builder in america reported a shortfall yet stock ended up rocketing 8%. in the conference call, rates have improved. housing accounts for 10% of the economy but punches well above its weight i want jay to let it happen. i am sure some of you are thinking wait a second, jimbo how the heck do we think about a

recovery it is more complicated than that during the fourth quarter we saw a real break down. i think the fed has cooled just enough that they can afford to take a breather when it comes to more rate hikes. all of these stocks more room to rally. if you wait for ironclad proof that a trouble business has turned itself around, you will miss most of the upside from that turn. that's why these remarkable rallies like stoics like micron make sense and the next time stocks drop, think about this group, it has bottomed and the rally is just beginning. let's take calls i want to start with, how about marcy in ju marcy in new jersey. >> caller: thanks for taking my call i am your loyal fan.

what is your forecast for boeing considering its recent precipitous drop yet yesterday delivered 806 blaynes. will its stock rise like a rocket ship if there is a deal with china or other variables. >> the way for the chinese to be able to come to the peace table and get things rolling is to say we want double the number of planes that would be the signal i say and buy buy buy to the greatest manufacturing in america, boeing. nancy in oregon. >> caller: hi, cramer, i love your show. with altria down their biggest move with chronos marijuana company. do you think they are a buy or not and why?

>> no. i think you should be buying consolation brands chronos is a good company, it is number two to number one which is canopy. >> wow how about these viewers? today's theme is you have to buy ahead of the bad news and you can't wait until the all clear today's drop in consolation. i will find out if the decline of corona and modelo is a buy. has the sun set on the greatest crater of any company? and canopy growth is surging checking in with the ceo stay with cramer

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okay what the heck just happened to the stock of consolation brand stz? they have a bunch of wine and liquor brands, down more than 12%. consolation sales and earnings both came in higher than expected what really crushed the stock was the guidance slashing the forecast down to 92930. all i can say is ouch.

as consolation stock has gone down 32%, these levels too cheap to ignore. let's check in with the outgoing ceo. welcome back to "mad money." >> rob, i am going to come to you first, magnitude of decline, an overreaction given the fact that you made the quarter? >> yeah, number one, the quarter was a great quarter and the total reaction was to change in our guidance which was really from 9.35 to 9.50. the guide i can't think that yo included 25 cents that needed to be deducted from the guide

the change of our guidance is also totally a function of i would say a disappointing or our anticipating a disappointing year on the wine and spirit side and i think even more specifically, okay, where the disappointment is is in the low end of our wine business and that's our portfolio of wines that are under $11 basically which that segment of the wine industry is performing very poorly. it is something that we identified actually several months ago and we said that we were pursuing strategic alternatives for that segment of our business and in fact we are and expect to come to some conclusions relative to that in the near future. so i guess i would just conclude by saying the business, the

growth, even the margins are 100% in tact except for as i said some disappointment in the low end of the wine business we did have a little bit of margin delusion on the beer side which was really due to a one time expense in the third quarter. and other than that, we are expecting margins to remain flattish at the very high level of roughly 39%. >> okay. let me ask bill. bill on the conference call, he is talking about in beer, corona extra core brown 10% corona light down 8%. modelo eespecial. >> when you look at our beer

business, our year-to-date depletions areup 9%. and as we said on the call, our december depletions which represent 60% of the coming quarter are up higher than that amount so we are very pleased about our beer business. one of the things he was alluding to was the introduction of premier we have done roughly twice the amount of premier. and that has had some attachment to our other beer portfolio. when you think about the corona brand franchise, we have an extremely strong brand family. >> he also alluded to, and i wrote down the term, he said listen, you got to worry about balance sheet risk i don't know, i mean, i have seen the amount of money you throw off, i am not concerned but maybe you can address it. >> one of the things we also

announced today wassed fact that over the next three years we are going to return $4.5 billion to shareholders this is on top of any of the exercise of the warrants that we have in canopy this remains a strong cash generation business. and frankly, i don't understand that question. we are in a great position and we continue to be in a great position and the strength of our beer business is going to continue to be in a great position going forward. >> we added to that that we would also get back into our target debt to ebitda range. and on the assumption that we exercise the canopy warrants so i mean, i would say neither bill nor i understand exactly what pablo is saying in that

regard. >> fair enough the elephant in the room is actually a positive almost, we are going to have canopy on tonight. and the numbers are extraordinary. should we start thinking about the let's say the growth of canopy and stop worrying about this low end spirits where maybe people are trying to get high off low end spirits and you have got both bases covered. >> two things. we do think the health of the base business and the beer business is critical and the good news there is it is extremely healthy as bill said 9% growth year-to-date and even going into december, double digit depletion growth so we're very confident about the beer business and where that's heading literally no change there. as far as cannabis goes, i think it is all a good news story.

there has been a lot of, i would say negative press and hyperbole about it and the canadian government has come out and said the run rate currently is roughly $6 billion which is exactly what we said it would be we have a roughly 20% to 30% share of that. and anticipating that canopy is going to be a billion dollar in revenue business in the next 12 to 18 months and in addition to that, we said and we still stick by this, because as i said, there is no change, the news is getting even better, that the canopy bill will be decreeted in 2021. i think we have all the bases covered. the one sore spot in the business, the low end wine business, i can assure you that issue will be dealt with and in

fact we were already as i said pursuing strategic alternatives relative to that even before this quarter so you know, i would say way oversold the stock is an absolutely fantastic value. in fact, my brother and i acquired 1 million shares in the last week or so. >> well, there you go. >> a million shares. not a million dollars, jim, a million shares actually 1.1. >> there you go. that is the most statement ever come on "mad money." more than a million share buy, that says more than we ever say on air "mad money" back after the break.

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you can zoom out into the future and you look back and you ask the question, what was apple's greatest contribution to mankind, it will be about health our business has always been about enriching people's lives and as we have gotten into health care more and more through the watch and other things that we have created with research kit and care kit and putting your medical records on the iphone, this is a huge deal. >> that was yesterday. how do we evaluate a stock like apple today? do we judge it for what it is now, a tech hardware company that we just learned may be cutting its iphone production by 10% or judge it at what it could become yesterday i walked away from my interview firmly convinced that

it is worth 11 times the earnings the slow drip of bad news continues. is it possible that i am digging in my heels on a name that doesn't have what it takes anymore. am i holding on to apple like a lovey blanket. no let me tell you why. the only thing analysts seem to care about is the iphones that account for 6% of its sales. i figured apple shares would be down at some point that is what happened. then a few minutes after that 10% cut story broke, i was watching squawk and a medical doctor came on he talked about how they are using artificial intelligence to predict heart failure by reading

a patient's electro cardio gram. how do you get that ekg? you can go to your doctor or you get a smart watch with an ekg app. and that is why apple is such a conundrum. the apple watch is better than going to the doctor's appear they just need to set up that handshake i keep talking about so apple can pass on the ekg results to the right person. we should be asking when, as in when it happens. it is not like there are 7 million americans that should go by the watch thee hundred 18 million americans that should get

tested and if you do that, you got to buy the watch. and if you do that, you got to buy the phone and if you buy the phone, you are part of the eco system people worldwide that could avail themselves to these services and by avail themselves i mean pay apple for the privilege. you get that hand shake to connect the watch to mayo clinics network and that could prove positive headlines until then, the stock trades on every little data point that gives us some insight into iphone hardware sales. for this one program at the mayo clinic, that's one example i happen to see on television this morning. but there are other services the one that gives apple a razor razor blade business model

wall street will only care about the razors and not the razor blades and that is wrong that is why i expect apple stock to stay mired at this level. except as i said at the top of the show, you won't be paying 153 bucks for this stock when that happens you will be paying well in excess other than the number of lives that the company will have saved. let's take calls let's go to anthony in florida >> caller: big booyah from florida, jim. >> liking that i am in san francisco, good to talk to you. >> caller: good to talk to you my question is about nokia with the new 5g rollout how do you think that will benefit. >> i don't want you to buy nokia. you want one, sky works solutions is the way to play 5g.

it has been derisked the sun is not set on apple. unfortunately, the truth does not matter more ahead up 12% canopy growth how does canopy feel i got the exclusive. then dex com i am talking to the ceo. and tonight's edition of the lightning round. stay with cramer

earlier in the show we talked about the outgoing ceo as

well as the incoming ceo no wonder rob just bought more than a million shares. the best of breed marijuana out known for medicinal and reaction use. something that was just legalized by the farm bill last month. we talked to bruce linton cofounder and ceo. >> they invited you and canopy, how come >> when you get 4 billion, maybe your iq and looks go up. but that was a big break through in august because it said moran

stanley advised constellation. and jp made sense. and last year i wanted to come to this event and we were not welcome. now our dance card has been chalk ablock because everybody in pharmasaying what are you doing with pain? where do you play into things with mood? what is the sleep trial you have oh, you have an animal product that you are trying too. >> even though constellation, you have been deeply, deeply connected with the intellectual property that is needed to do real medicine. >> science if done properly should turn into protectable ip. we filed 140 patents and now

diligently working our way to validate them. that is the mote you have to dig. >> there has been backlash articles talking about maybe you don't know that much let's go down to what cannabis can do sleep, i am always worried addictive, how about you >> we asked our patients why do you buy cannabis. what for examprequency do you d. we said no, we are going right up in the middle and let's pick what the plant does and take it apart and put it into a mechanism of delivery and say people buy it to sleep people can't sleep and it is called, you know, we wake up thinking about work and you have anxiety in your sleep. so if we can work on that, it is

a huge segment and you look at the incumbent products nobody is running around saying i love ambien. so the opportunity is to disrupt the existing business. what they can't get is a good sleep. >> we know these people who may be nay sayers, what are they thinking about say opioids, pain addiction. opioids say what you are offering. >> we have a bunch of things around the space there is a bunch of indications that you don't need to be given opioids. if you or i were going to get sip surgery, i would want a cannabis based line. but if you are going to get on the heavy stuff, maybe i can give you a con ccoction where y can think of lower anxiety and then a $2.5 million academic

study on how do we wean people using it if you are stuck on it, how do we get you off the bus and that is a purposeful well thought out plan and at the end of the day, i think we will be rewarded commercially and probably societally. >> you are what i would regard being the expert in this and we just got a hemp bill in this country passed. you grow in canada, and you got to grow in the u.s. >> people should be clear in understanding you can now grow hemp but if you extract cbd, the fda have not said, they have said this is not ready for human consumption. so we are working on how do we get the data to help make sure this can be an approved delivery

whether it is something you are eating or put it on as a topical. and so we think it is a good time to come in and take our science and move to finished products whether they are for dogs so they don't have anxiety, for geriatrics, but get ready for the next wave. >> i would believe that there are a lot of crops that are not making money and farmers are going to switch to growing hemp and it will lower the price. what does it mane. >> as soon as you get hemp, it is probably one, one thousands unless you have a plan for finished goods how many people get super excited about sugar cane but a lot of stuff we buy with sugar and by a high price for it if the cost of the hemp plant is so low, what happens to cotton

where else, so i think what people should look at, there could be unintended consequences of hemp being the disrupter to sectors other than cbd. >> international shakedown. >> i am an idiot to be able to say anything, but i like people to focus on the u.s. but in the fall malaysia said they are going to regulate. >> malaysia? >> yeah. thailand, 380-0 opposed to it. columbia through south america, poland, italy. the only place not playing in europe is france and so the whole world is coming around to good public policy the good public policy tends to be largely driven by how the

canadian experiment has gone and for us, if we can arrive at a country and i need to change the language in which we educ e educate. that is a good jump. >> this is the only one i am recommending and i also like constellation. bruce linton, chairman of canopy growth one-millionth order. millionth order. ♪ there goes our first big order. ♪ 44, 45, 46... how many of these did they order? ooh, that's hot. ♪ you know, we could sell these.

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don't wait another minute, call now to purchase your american eagle coins at cost, for the amazing price shown on your screen. >> announcer: lightning round is sponsored by td ameritrade it is time it is time for the lightning round on cramer's "mad money." that's where i take your calls rapid fire we'll play this sound -- [ buzzer ] -- and then the lightning round is over. are you ready, skee-daddy? it's time for the lightning starting with andy in indiana. >> caller: booyah, professor cramer. >> booyah. >> caller: i got a pair and i love them, turtle beach. >> stock is coming down a lot

and i think it is okay look at logitech too bob in south carolina. >> caller: need advice on chevron. >> i don't mind chevron. bp announced a billion dollar find i am trying to get my executive producer to get down there bp is the one with a 6% yield. let's go to mike in michigan. >> caller: mike from the motor city eagles, he is going to take you guys to another super bowl my stock is cnt centene. >> this stock has fallen from 148 to 118

i think it is a terrific buy i would buy this here. this is not going to bounce off twice from the goal post steve in florida. >> caller: my stock is cvs. >> i like cvs, but the better stock is viacom. down to 29 that is the one to buy kevin in my home state of pennsylvania. >> caller: hi, jim chdn. >> it has been a fabulous stock. i like it. let's go to arlene in illinois. >> caller: hi, jim i would like to know what you think about auto zone. >> best buyback of any company i have ever seen i have been recommending the stock since the buyback began.

just 60, 70 points from its high this one is down i like that. bill in florida. >> caller: hey, jim, happy booyah for 2019. >> that's our year of triumph. >> caller: i am watching the energy stocks and they are going positive however, i taken a position in enlink midstream and it is off its low. should i buy, sell or hold. >> we have got to be able to do a thing on mlp the group is starting to rally big. best performing group of the entire market. let me do more work. let's go to jimmy in new york. >> caller: hey, this is jimmy

from new york city wanted to get your stock on boyd gaming >> i like that stock i like companies that are not i like companies that are not leverewall street guy. round on cramer's "mad money." and that, ladies and gentleman, concludes the "lightning round"" >> announcer: lightning round is sponsored by td ameritrade 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 because when you want to create an entirely new feeling, the difference between excellence and mastery, is all the difference in the world. introducing the all-new lexus es. a product of mastery. experience amazing at your lexus dealer.

every year big jp morgan

health care conference who made it to the winner circle this year? how about dex com. it is a sense or you take on yourself to measure your blood sugar. they are so more convenient in constant constantly pricking your finger. came in well, well ahead of what the analysts are looking for business is good so no wonder the stock rallied 9% this week let's take a look with kevin sayer and get a better read welcome to "mad money." >> thank you >> you think revenue is going to exceed 331 million

>> it was a lot of work. but our new g6 platform is a power launch >> entitled to finger stick should mean no finger stick. explain that to us. >> our device is labelled for no finger stick and is it your symptoms is different than what our numbers display, you should take a finger stick other than that, you can rely on the technology and other technologies have not achieved that goal we have the prime position with respect to sensor performance in this market. >> you are changing people's lives. a lot of companies are trying to get chronic care for cancer. most of the companies are. some people working on a couple of other things involving other parts of the body. and this is an epidemic. >> it is huge. >> how many people can be screened that might have this

that can benefit. >> i think the big question is how many shouldn't be screened anybody when you get to a certain age the risk for diabetes is pretty large as our technology becomes more disposable and easier to use, it should be part of every physical let's see what is happening with your glucose values. i for example had a very big glucose spike because i was rooting for alabama and i was eating brownies. >> i read watch yesterday out there with tim cook, i have the wash, and i can't imagine a better partnership. >> very good partnership a large portion of our users who use the mobile phone use the app

system and with the new cellular watches with our shell capability, people will be able to share that capability it is going to be a wonderful application. >> that is true but you also have a relationship with google, with appelphabet and verily. >> we restructured our agreement this year to make things clearer. we originally started with a long-term plan and we are following that the ultimate product is smaller than the current product it will be disposable and lower cost we are very excited about it it is all hands on deck. we announced a late 2020 launch. with a roll out in 2021. >> how can it get smaller than this

>> electronics changed dramatically if you look at the size of this product, there is a transmitter inside of that sensor. the verily product, all of the electronics are built into one using. with the same experience that patients have today and we have listen able to shrink this because that is what happens to the electronics world. >> i want to talk about units. we talk too much about earnings per share, and you are saving people's lives. >> it is the most gratifying place anyone could work. a six-grade patient who had to write about her hero spencer the sensor the wonderful work that our engineer and our team has done

in developing this technology. it is gratifying. >> you were telling me in the elevator in this building. >> somebody said you are from dex com? you saved my daughter's life it is like that all the time and this technology is just it is what we always envisioned what it would be. >> you can get automated e-mails, sms updates i mean there is uber, there is airbnb and then there is dex com. >> we hope so. we have a bright big future across a number of markets. >> more than diabetes? >> related to diabetes but we believe glucose is a health sign as well. this product can become a product for pre diabetes there is a lot of people that could be screened. that is a lot of sensors to build. >> thank you for all the people i kn i know in the same position, say thank you when you see him

it is that great kevin sayer. the winner, the best presentation at the whole jp morgan conference. back if a minute

i keep thinking nvidia, it is the right level intel, the right level all because they are just now going to be reflecting what is going to happen later in the near i want to talk about constellation for a second did you hear that rob sans bought more than a million shares doesn't that tell you something? to me it says if you want to own cannabis, you own it through stz, because rob sans put his money near his mouth i like to say there's always a bull market somewhere. i promise to try to find it just

for you right here on "mad money. i'm jim cramer, and i will see . [cheers and applause] you tomorrow announcer: but only casey heath knows the answer. - this is making me very nervous. announcer: she brought along a secret method. - i'm the man.! - we don't have a fan bigger than your dad. - no, he watches the show, like, constantly. - did you teach her that? is there a strategy here... - i taught her a couple things. announcer: but to beat the banker and win $1 million.... - i think luck is on my side. announcer: she'll have to make some tough decisions. - i know what kind of fighter she is. that banker doesn't have a clue. - in my gut, i just feel like i can do one more round. no deal. - no deal. announcer: that tests both her mettle and her family bonds.