are good home depot. >> guy adami. >> a spirited, spirited show this evening, well anchored by you. wynn resorts they had some bad news, stock is trading well that is in my world a tell, mel. >> that does it for us see you back here tomorrow at 5:00 don't go mad money starts now welcome. my job is to put it in context call me or tweet me. some of you may have been discouraged, discouraged when fed chief said that the risks

and committee are to the downside earlier today it is one reason we rally for a very ugly opening. ultimately closing down 34 points the nasdaq, the nasdaq dropped .07% remember, this business we care about the future a loet more th lot more than the past when they sound cautious about the future it means he won't be raising interest rates any time soon that's great news people we never want to fight the fed now we won't have to how do i know this listen to this stuff you'll know. >> over the past few months we have seen some cross currents and conflicting signals.

financial markets have become more volatile towards year end and financial conditions are less supportive than they were earlier last year. >> before that the market was getting slugged. they said the magic words and realized that the fed will be our pal and not our enemy. he caused many of those and many of those conflicting signals he warned he needed to raise interest rates four more times and maybe even needed to overshoot. turns out he didn't need it. he needed to make the threat and the markets did work for him the economy is doing great in contrary everyday almost single handed by set off the mini-bear market the fed was focused on the exclus e exclusion of everything else there were so many pockets of

weakness in retail, housing, autos, travel and leisure. i spent a lot of time thinking about the day before christmas we were experiencing one of the worst most compressed bear markets i have ever seen that is 5,000 points worth of pain we didn't need to experience >> house of pain >> eventually perhaps because of the stock market he changed his mind on everything, even unemployment he worried there wouldn't be enough slack and we would experience debilitating wage inflation. now he is is singing a very

different tune >> there is more slack in the labor market because people are coming back in if people weren't coming back in the unemployment rate would be substantially lower. it tells us there is more room to grow. all of the people who dropped out of the job markets since the great recession. it turns out when you look at those numbers we don't have anything close to a labor shortage now he tells us. at least he finally figured out his words have power he managed to slow everything down he was able to rally from overseas no reason to raise interest rates until we see meaningful seens of inflation let's go back because i'm trying to help us make money. that's what this show is about put it in context. right now people are looking at

the break down in december and they are extrapolating from there. i think it's a big mistake first home depot made people feel like the housing market as a recent day to suggest. in reality housing froze in the fourth quarter because of rate hike fears the fed changed its tune which makes me bullish on home depot not bearish. more on this one later turning it from hideous to the end of the day speaks about how some people are camping ontchin people are looking at things he went from recommending stock why because this analyst believ believes they are peaking. 2019 tlb hiwill be the high wat

mark caterpillar got crushed but they think it is back now and statements we heard today make me feel like the committee peaked in october and not making a come back. isn't that what it is saying i hear it? the market is a fabulous forecasting machine. when stocks started rolling over the economy. by the same strength the possibility of resurgence this spring it is pretty darn clear while the fed took away it was the trade war that spoiled the party and the rest of the world. the second largest economy on earth. does anyone believe we could make a trade deal with the clie these? i think caterpillar is exactly the kind of stock that would scream higher on any kind of agreement. at the end of the day you need to keep your eyes on the future, not the past it is trying to extrapolate from data

in october i kept screaming the fed better not raise rates i wanted pal to recognize it wasn't much of aproblem. >> the me decided with our policy rate with muted inflation pressures and some of the downside risks it is a good time to be patient and watch and wait and see how the situation evolves. >> genius. suddenly a lot of people are bearish. to me i'm grateful because it's almost never too late for the

fed to switch directions don't be mislead by data from the fourth quarter when it was still stock market enemy number one. that's why i think you should buy, not sell the likes of caterpillar. when the fed is your friend these are the stocks that like to go higher let's go to kelly in california. >> hi. >> so much for taking my call. i love your show >> thank you a couple of years ago it was at its peak i got no thesis about why you should buy it. i always like to have some sort of catalyst or thesis.

i don't have them. let's go to jim in new jersey. it's like talking to me. >> hi. how are you today? >> i'm good. >> i'm good. i had a hard day's work. i'm driving home to new jersey i love car cars being said, i have a questi question sunday if you saw 60 minutes they had a segment dedicated to nio and the ceo was on we all know electric cars and they did the whole stock i want your blessing on whether or not it is more than just a car company. they building infrastructure around the car in other words they are building places to plug in. they are clubhouses for

consumers. they are also building where you would just a makeshift garage. it comes to the bottom and swaps out and puts a fnew battery in >> i think you would be wrong to actually just like kind of come in here. i'm warming up to it too wow. i'm throwing in the towel. i got to recommend more than just that. it is a good one i wish i could say that. all right. mike in florida, mike, mike, mike >> thanks for taking my call i really appreciate it >> sure. >> i'm calling about holdings. i was pretty fortunate to pick some up around $15 >> well done >> normally i would take money off the table. it was a publicly traded stock i want today get your input on -- >> it is easy for me

it was under value when it came public we have been pushing it really hard we push it again and we have made two pushes on it. we love the product that makes it easier. i think yeti is not done going up all right. no longer fighting the feds. mad money tonight tobacco may not be good for the soul but what about your wallet how it could be whether owning here the world's biggest smart phone conference is wrapping up. i'm telling you how and i have a surprise name you want to get. it's one of the biggest names. it gives your portfolio a healthy boost. stick with cramer.

the market, they came right back everything economically sensitive suddenly became a lot more attractive. these stocks run more when we get good news. it is a double barrel shotgun. every turbo charged story we have had a lot of winners so far this year. a lot of people have been left behind you know what got left behind in a way that frankly caught my eye

seriously? that's a bunch of these consumer packaged goods companies we used to call the safety stocks. i have told you how many of these names don't offer you much in the way of defense anymore. that's why last week it wasn't worth buying it's still not they becoming irrelevant. prok or and gamble and how about see smuker today nice it has been been very hit or

mis. it is the worst smelling the domestic doe toe back koe company known as malboro and not to mention cigar and trueing tobacco. i always punt because i don't want to talk about these stocks. it is worth it this is a company that in december spent $13 billion to speck audiotape 35% stake in juul it dominates the eric-cig business it is growing very fast. they had been trying to get a piece for over a year. they finally got the chance. it turns out that selling candy flavored nicotine sticks might make them a little too attractive to children it was a smart move. it happened in the dark days of december they are more into marijuana

with 45% stake one of the major conad yan cannabis place it isn't much of a needle mover when you think about it. at least not yet the new year started and the rest of the year started getting traction for most of yesterday it wasn't until a month ago. it is in part thanks to a strong quarter. tonight we'll go off the charts in the land that is tobacco. we'll do it with the help of tim collins. i blog every day to get a better view on whether it might be headed he is optimistic all right. take a look at this weekly chart. it shows the performance relative to phillip morris which was spun off years ago to handle the foreign business for years left in the dust then starting in 2015 that pattern shifted to a pattern of

con s consolidation. remember, the math me tigs that discovered ratios that repeat themselves over and over and also for some reasons seemed to define certain levels in the stock market i don't know why they should have anything in common but they do when collins looks at that and runs it through the ratios you have to picture it like this one. an instrument is likely to rebel. for the first couple of years it was. then it pulled back until it hit the 38.2 replacement it held and after that we saw a wash out in 2017 down to the retracement level. last year it tested the 50% retracement level. it went back into por

performance mode you can see the different levels and what they have done. they tested the 50% retraceable level. basically the pattern he thinks it could be poised to start o outperforming. it is up 4% for the year he already gained 30% over the same period. again, this chart is measuring a relationship between two stocks. it can outperform and still go lower. based on this chart it is confident it would be the best way to play. thanks to the daily chart he likes what he sees in the nier futu near future. the stocks recent bounces is an inverse head and shoulders pattern. this is the upside down head between two shoulders formations it is the most bullish pattern

in the entire dhachart book it is followed by break down to a new level. it makes it a lower low, the head and then starts to bounce which is the shoulder. after the rebond but get another per kbr period the right shoulder this is where the left shoulder connects to the right buone. consolidation, bottom and con sal dags and supposed to go up the thing is it gives you a clear upside target. you measure from the head to the neckline it tells you how far the stock can rally. given that it is at 50 he believes it could go to 5650 about 8.5% higher. as long as the stock holds above 48 and collins says it is still in play what else? how about the short-term moving average crossing above the medium term moving average it is an absolute classic

these are all well floknown patterns it is making new highs again, terrific news it is creates as what's a bullish divergence these situations are ready to roar this is a picture perfect chart it is that they finally found traction he thinks it will get there before your taxes are due. don't forget it has a safe dividend yield in this one segment each week i roll out on the judgment of others if i didn't flow what business, if i only cared about the chart an not about all of the people killed by products that i have been telling you to buy it too as it is you can make up your own mind stay with cramer

>> the next generation technology that will revolutionize what you can do with your phone. i think it will be one of the biggest stories. companies around the world spend f fortunes to build up their 5g. we are basically construct ago new cellular network it requires enormous amounts it is the kind of theme we are always on the hunt for on mad money. this one has a couple additional wrinkles i told you it is inseperable i think it's really all about technology simply the white house wants chie fle chinese companies.

they are like the chinese kpee e companies. remember, it is in an author tar yan state. they have a law that requires companies to assist the government with espionage. we know the chinese equipment has been caught hackers that steal from american businesses i couldn't understand if they were trying to steal secrets on lockheedmartin it has been steam rolled

it is not as good engineers. we are learning all kinds of things i recommended ericson. the 5g rollout they may even cost more money. you don't need to worry about it as a back door to your cellular network. since most have drifted higher on the 7% gain by stylings i named my new puppy it hasn't even been three full weeks or we have gotten new

developments here. it is perhaps as soon as the following week so far it hasn't happened. when pence went to the security conference he demanded you're banned chinese technology from over the next few months you are going to watch the major wireless because they are about to make major sourcing decisions. it should be ground from ericson and nokia. it is despite president trump.

now, this week we are hearing even more about 5g at the mwc conference in barcelona. it is formally known as the mobile world congress. it got so big they decide today clang the name in the acronym. it has made one thing crystal clear. we left out a major player remember, we'll keep revisiting this scene i'm talking about maybe one that i should have mentioned first and that one is sitz s-- the coy reported a week before last. we talked about the transformation by embracing more software doubling down on the interflet and cyber security was a huge player now.

they also have an exposure to 5g i haven't talked about it nearly as much as i should. by the way, bearish beat me to the punch here they are saying why ciscoe ceo is betting on 5g it is including how he is positive he can beat the chinese competition. in december he stacked up a company called luxtera in order to use faster chips across the portfolio basically they are on being able to offer customers the best hardware for the backbone of the interflnet. one of the most revealing things in the blowout quarter was the public sector business it was up at18%.

they announced soft bank and airtel among others. chuck robins delivering the keynote speech tomorrow at the conference you may want to find yourself a transcript afterit happens they note that had the first half of this is more of a preparatory phrase, small with big spending starting in the second half of the year. so you're not late people. perhaps they raised the price target on intel because it is poised to become a mayor player. so you can see how it happened the bottom line, when you find an incredible long-term theme

you can rack up ter rifric gains by being patient and letting the news roll in that's one reason i love ciscoe and think it is a fabulous way the stock is cheap so they are paying do you wait not that you have to have to wait very much with this particular thorough bread. sherry in florida, sherry. >> caller: hi, jim several months ago i bought century link and it tanked not to mention they depkept the di dividend would you give me your take? >> i think these guys are -- when i read tli the transcript it is very clear they are trying to grow again. i have to tell you i don't flow if they can.

i see a lot of others in that industry that are calling it i would say i would not own that stock. let's go to david. zb hi. how are you? >> all right how are you? >> i'm excellent i enjoy your show. i find it very entertaining and informative. i appreciate your taking my question tonight >> thank you what's going on? >> i'm interested in your traugts traug thoughts on bt with the price of the uncertain uncertainty about brexit and ja janson i would like to flow if you think it is a keeper >> no. no i like verizon more and i like att more why do i like those more they are easier to understand and i know att is doing okay they are both doing better all right.

ciscoe is a fabulous way to play a 5g build out it is paying you to wait it is worth more mad money at charles in charge. it was a hit tv show should you also put it in charge of your portfolio? home depot is taking a hit today. is the stock in need of remodel or just a momentary lapse? that's tonight's edition of the lightning round. stay with cramer your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered...

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shelling out $21 billion to buy the biopharma division so if it was worth a lot but a lot more than people thought what else might we be under value here how about charles river lab. it is giving us a 74% gain since we spoke a little over two years ago. contract research provides universities and companies with the tools to discover flu drugs

and conduct clinical trials right down to the lab rats used in safety studies. we know the company is doing well here. it is a fantastic quarter. we also learned they are buying another contract re research organization in short a lot going well for thi these guys do not take it from me let's go to jim. he is chairman and ceo hear more about that welcome back to mad money. >> great to be here. >> sitit is a pretty great time because of the bio tech world and the fda which is approving a lot more drugs than they used to >> chaktly if fda tried to get drugs as quickly as possible.

a lot of destier get things to market that normally would get there much more slowly >> you know, this morning he is really one of the deacons of drug work in this country, he was up on this i is grilling all of these they can't distinguish them. what you do if you did not do it, wouldn't most drugs be too expensive for any company to develop? it is in a much less expensive fashion. i think of the bio tech

companies that have none to develop the drugs once they discover it we work for most of those companies. yeah they would have trouble getting drugs to market but for us it had been outsourcing. they could focus the efforts in other places it is because of prices obviously for drugs for unmet needs. it is critically fornt gimporta drugs for which there are many drugs far single indication. we are enjoying getting them to market >> which is better having a bunch of companies saying on their own or when they are bought by big pharma

is it better that they are stand alone than it is when they are consumed >> well, i think it's better if it's a stand alone they are very -- you a small number of people, very focused on trying to solve a single problem without a lot of corporate oversight and complexity and so the bio tech companies have become the discovery engines. a they are able to do this much more quickly and then when they reach certain points in their life cycle usual lay proof of concept when it looks like the drug is working a lot of them are getting bought a lot of them are merging. a lot of them are working with big pharma to distribute drugs overseas i think given the fact that more drugs got to market is really an

indication and evidence of the fact that this bio tech pharama relationship is ben official for the drug industry and for patients as we go forward. >> one of the things i think is notable, they are worried about china you had a huge year in china. is that because the chinese version knows they have to prove as much as they can? it is faster even in the united states there is a lot of wonderful research going on and investment and bio tech and of course you have small cities with 5 million

people and the work continues to be pushed out further from the major cities there we are in that marketplace providing research models. in other words to do this research which has not been available in china before we got there is really ben official for the research marketplace our business has been growing double digits. they are thrilled to be in the market they are looking at a tlihird ad fourth facility. we enjoyed doing business in chien f china. found that the government has been helpful and reasonable in terms of our expansion we continue to expand all of our businesses in china we venn clullclu

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it is time for the lightning round. are you ready? michael. >> caller: thanks, jim booyah >> is aurora cannabis a buy at the current level? >> we like cannabis growth that's the one to own. jonathan in florida, jonathan. >> caller: hey when do you sleep, brother >> what you got for me >> caller: i like what they do and talk to me about abab. >> i don't sleep and that's why because of avav. i like the drone

the stock goes up and down up and down is it a wayfair? i don't know until then i'm not quite sure. let's go to tyler in tennessee >> booyah. i'm a new listener and in investing. father in law got started with several winners. he also made a pick which i bought into the chinese netflix. i need to know what pmy iq is >> i like it we had a big run-in. had a 5% move. we are not going to buy it it is another chinese stock and let's hold off for chinese netflix. why don't we go to russell in massachusetts, russell >> booyah, jim

>> booyah. krrj >> caller: thank you for all you do >> kinder morgan >> he bought more stock. he will buy every share. i said i can't find him anymore. i like enter priprize a little t beth better. let's go to larry in new york. >> how are you doing >> i'm good. >> i'm great so dropoffs, great third quarter earnings you liked it fourth quarter report was good buffalo sign made all of the right moves and the 45% off the high what's going on? >> i have to tell you, i thought it was too savage. i think that the stock will come back it's a great company i'm not backing away one bit

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which is more important the announce of a buy back or a slight earnings miss in what deserves more emphasis, a dif te dend boost or sales? you care about a buy back or shading down of the full year earnings guidance? the answer, it depends if we are talking about the average retailer in america i would say it is time to sell sell sell. >> we are not talking about the average retailer we are talk about the numbers we

got. >> there's no way home depot should stay down why does home depot get the benefit of the doubt first of all a gigantic buy back are incredible signs of c confidence for me. you don't have to add $50 billion to your repurchase authorization. as he explained it was cold. it was perhaps first of all it was wet. wet weather delays projects and this is evident in our sales performance of aquarter.

the day they showed astounding weakness homes down 8.5% there will be understandable trepidation and tendencies to say forget it. i think it's dead wrong. do you believe this great company, and it is a great company with all of the knowledge about the housing market would step up the dividend so dramatically if they are worried about short-term fluxuations? i have been covering home depot since it opened decades ago. i know that the company is a cash machine and it's a cash machine for you the shareholder. i called the desk spot a $13 billion gain in cash from its business and get this.

they get it to make the place better they don't add a lot of stores they paid out 4.7 and spend 10 billion on buy backs in the fourth quarter alone they repurchased worth of shares why not? home depot stocked and even with the shares back up to 188. it is out of proportion with how well the business is doing comes down to expectations home depot is like a straight a student that got a b plus. when you're on the eye roll they punish you for anything less they are holding the affection you find out they told the truth the whole way about the weather and they hit it out of the park. home depot about to head into

gardening season they finally lacked the tough comparison after the hour canes in the fall of the previous year tomorrow i expect downgrades i think that's when you pounce i don't flknow how long this opportunity will last. i know they will use any weakness to buy its own stock back that's good enough for me. stick with cramer.

i would be remissed if i didn't mention in. we told you the year started a little bit soft and yet the stocks still powered higher. why? this is a secular trend. it is a trend that doesn't really have to worry about the economy. it is a craft store that's going to beat amazon there's always more. right here on mad money. i'm jim cramer and i'll see you tomorrow

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it's been a long day at work.