stock named after him thor industries is on the verge of breaking out so i would say tho, melissa. >> sounds like a yankee fan that's disgruntled with his own start. >> that does it for us and see you tomorrow at 5:00 "mad money" with jim cramer starts right now my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer! welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain, but to educate, teach, putting it in context. call me at 1-800-743-cnbc or tweet me @jimcramer. you blink, you blink during this move, you might miss the whole shooting match i'm talking about this rotation into the industrials and the

retailers inanticipation of better unemployment number tomorrow morning and a trade deal with china, perhaps as soon as this weekend. and that's what propelled today's action dow gaining 16 points, the s&p advancing 1.2% the nasdaq .05%. what do i mean by counterintuitive okay, this is fundraiser season where you to leave work and chat with people and bid to raise money for all sorts of worthy causes i tend to go to a ton of these during the season. so naturally, when i show my face at a social event, everybody wants to ask me about stocks, and i love it. right now it's all about boeing, boeing, and then more boeing this stock tends to be pretty polarizing many people believe that those two tragic air accidents are going wipe out the whole company, both because of the liabilities and because they'll cause lots of other order cancellation, especially for the 737 max, which had been incredibly popular yet how has boeing stock been

performing it keeps going up and up today was another day that should have sent the stock down. we got a report out of ethiopia that found there was no pilot error in the ethiopian airlines crash. according to the investigation, the crash was entirely caused by plane malfunction that should have crushed boeing's stock. nope this time up 11 bucks on heavy volume it's rallied 34 points from the low end of the second crash that would be an mazing move, even if nothing had happened to the 737 max. considering the reputational damage, i consider it downright remarkable the faa is trying to get all the international aerospace regulators to decide whether the fix from bowing is good enough that means there is going to be a real pause, a pause long enough to cause cuts in production the stock of boeing is determined by production orders. so far there hasn't been a cutback. how can this stock keep flying what's driving it? i think it's actually pretty simple okay it's pretty simple if the chinese, the chinese want

to make a show of good faith as part of the trade negotiations, ask yourself what can they buy can they buy natural gas like the press seems to think i don't know they ought to watch the show we had dominion energy on last night. they're sold out for 20 years. you can't get anything out of cheniere either. you can't by cultural products we've had heavy buzz in this country. it's not clear we could deliver on a huge grain order not when you listen to the crop protection story out of dow dupont the most obvious answer, they buy boeing planes, a huge buy. a statement buy. it would be greeted so positively, oh, my, which is why i can't blame anyone for wanting to own this stock here, not to sell it or short it. plus, look, we know boeing is going to fix the problem this is boeing, for heaven's sake these guys are passionate about safety as tragic as those two crashes were, i bet boeing's business ends up doing fine how else could the chinese show good faith in the earth movers

this obe a great time for the chinese state owned party to direct from caterpillar instead of komatsu such an easy call, right that's why i was shocked when someone downgraded cat ahead of the positivity i think that could be an ill-advised downgrade. it's not just the industrials. the retailers were rallying like crazy. what's driving them? i can think of a couple of reasons. as the ceo of walmart said in an interview with our own courtney reagan, the consumer is in good shape. courtney also interviewed terry london, ceo of macy's. he was even more positive. employment very strong he practically laughed at how cheap the stock of macy's has gotten it's selling at what he said is five times earnings. it's actually about eight times that is ridiculously cheap jeff began n macy's is a bargain with the dividend yield as terry said, look, it didn't make the estimates so it's got to be the penalty

box. but the comments clearly made people feel more emboldend about the ground the second reason retail went on fire there is a belief that if tariffs go away, retail will be the biggest winners. so many had to eat the cost. of the tariffs and chinese imports. if we get a trade deal and those duties are withdrawn, you can raise numbers for most of the retailers immediately. just come in every single day, raising numbers, macy's, raising numbers, maybe even jcpenney -- nah, i can't go that far on top of that, i think today's buyers are anticipating a strong employment number tomorrow less than 69 now we know that many of these retail and apparel companies are doing well, even as their stocks have been hitting. michael kors, which now owns versace and chimney choo is door very well. lululemon, it was a magnificent number yes, athleisure. and nike is coming right back,

as i told you it would it had an awesome quarter, especially in china. final driver here, let's talk conferences. here is a little game in the retail, the hedge funds play you ready? next week is rethe biggest confab of the year for this industry, it's the jp morgan retail conference run by the great and powerful matthew boss. i think a lot of the big-time portfolio managers are sizing up retailers ahead of the conference and betting that companies will tell good stories at the conference. and the stocks will shoot up this is the kind of trade that i used to do nine days out of -- nine weeks to sunday i did this kind of trade constantly at my old hedge fund. i can't trade now, but i did it. it happened today. i saw the buy, and the retail stocks tomorrow are getting in ahead of the conference. so how powerful is this move give us some context here. even lowly cvs rallied today cvs rallied.

how impossible is this it did it despite being painted yesterday with the same poisonous brush as walgreens i think that's unfair to them given that they bought in to diverse away from the drug store business still, a same-day delivery service, $7.99 people who just want their medicines without having to go to the pharmacy. it's better than amazon. to me this is a sign the company actually has a pulse but what really matters is that wall street finally gave cvs the benefit of the doubt, and the company that by the way that was trying to put theranos in 8,000 stores is still not holding up there. one last thought about the consumer these numbers were stellar, which was a major departure from the other brewers. why does that matter because it's hard for me to imagine people aren't going out. if constellation is selling this much beer, yeah, it with us that quarter. the strength here took many investors by surprise. we've been told endlessly that consumers stay home watching "game of thrones" and ordering in but it seems like that's not the whole story.

although we'll hear more about delivery when we speak to the ceo of grubhub later in the show the bottom line, the consumer is alive and well the economy is alive and well too, and will do even better if we get some kind of thaw with the chinese. a lot of money managers are betting we'll get a trade deal in the not too distant future which is why boeing and caterpillar roared higher today. while i'm very skeptical about negotiations with china, the stock market is saying hey, a deal is a deal ken in florida, ken? >> caller: hey, jim, a huge fan here. >> thank you >> caller: thanks for picking up. >> absolutely. >> caller: i wanted to talk to you about a stock called afria apparently their new ceo irwin simon from haines celestial seems to be doing a good job by creating their own brand what i really like about them is their instant cbd quick strip, kind of like a listerine strip for a quick, discreet cbd hit.

what do you think about that >> i hear nothing but good things about what irwin is doing there. irwin simon was at, wow, haines celestial. but i have to tell you the cannabis stock i'm recommending is constellation and secondarily cronos but stick with florence. bill in florida. >> caller: hey, jim, i'm in florida giving you a call in st. augustine. completed an acquisition and with thethepending 5g. >> the deal did close exactly today. i was seeing if they could raise numbers. come scope is just a giant 5g play, and frankly a pretty good 5g play. i actually like the stock and

was going to candidly recommend hit the morning, but i didn't get time because i spent too much time up at grubhub. my bad all right. the consumer is alive and well and the economy is alive and well, and it could do even better if we get a deal with china, something the president says we're very close. remember, very close could be no cigar until over the weekend now we shall see on "mad money" tonight, nearly 17.7 million diners powered grubhub in 2017. will the stay-at-home economy continue to deliver huge returns for this stock i'm talking with the ceo as it celebrates five years as a public company, even as its stock has been i'd say brittle of late. then, should you trust your intuition when it comes to an investment intuit? i'm eyeing the company's potential under new leadership and time to toast constellation brands after today's earnings announcement. i've got the exclusive stay with cramer >> don't miss a second of "mad money. follow @jimcramer on twitter

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♪ there's nothing businesses hate more than competition, except maybe communism when an industry gets too crowded, the competition becomes a lot harder for the existing players to make money. take online food delivery space. not too long ago grubhub was the kingpin with very few rivals now they're up against a wave of intense competition, uber it's, door dash and squares delivery service caviar it's really crimping the margins. since then it's down 15% so what do you do with it now, though earlier today we had a chance to sit down with the founder and ceo of grubhub who was celebrating the five-year anniversary of his company's ipo. he had good things to say, so take a look. >> you probably have i think one

of the greatest secular tail winds in history tell us about what goes right for multiple years with grubhub. >> it's incredible like you said, it's just a secular tailwind the market now, this is our fifth anniversary of our ipo the market now is ten times what i thought it was five years ago. and it's because the american public has just adopted digital ordering as their preferred way to engage with their local restaurants. >> not just millennials you're saying >> it's everyone it's across the board. no we're not just marketing to millennials. we're marking aon national television across all channels, and we see people realize digitally ordering on their laptop or desktop is easier. >> do people want it >> i call that heavy rotation ad what's the return on investment so far >> it works. >> some people say you spend too much but it's in our heads, the ad. so is it working >> of course it's working.

i wouldn't have it on tv if it wasn't working >> because a lot of people feel you spend too much money the return on investment is not right. tell us otherwise. >> think about it this time. you know the lifetime value of your customer. once they start ordering, know they're lifers they're on forever well can make that revenue model, and then we know how much it costs to put the ad on there. so, yes, over time as people see it more and more, it becomes less and less effective. but we're nowhere near our lte >> i didn't mean to get right into the meat yet. we can go back out. >> that's fine. >> a lot of people feel that your cost of acquisition which did go down last quarter are not good tales of your future because you're buying a customer for lifetime and you have to amortize that money. >> no, i'd say the exact opposite. >> tell me >> i have always been willing to be extremely aggressive investing in the future. >> okay. >> and historically, i was bound by the amount of money coy invest. >> all right >> because the reception of these communications just weren't hitting the public, and

they weren't working as well and then around the third quarter of last year, we saw that we could spend way more than we had historically and i'm just talking about effectiveness. not like -- i mean spending it effectively. so we came to the street on our third quarter earnings call and said we see opportunity. we are going long in the fourth quarter. >> but when you say investment, wall street doesn't like it. you have a vision, and i respect your vision being in the restaurant business. but what i tell myself is wall street is way too shortsighted they're not going to buy matt's long-term view. >> it's a cost it's a cost of being public. people are going to say where's the beef, the old wendy's commercial show me the money right now. >> you guys don't have wendy's be careful >> that's okay everyone talks to everyone i think over time. exclusivity is not going to happen >> you have yum. tell what's that means. >> yum is an incredible brand. >> people know because they don't know it's taco bell. >> taco bell, kfc, pizza hut

very forward thinking. they invest in technology a lot. and they wanted to make a fundamental partnership. and we wanted to understand what the brands needed from a partner. >> does it help to have grub >> absolutely. absolutely they made a $200 million investment because they believe in our story. >> and how does that help your balance sheet? >> we didn't need the investment we have a very healthy balance sheet. but what it dud, it was really bringing the support of the yum brand into grub. as a tight partnership we're able to execute on technology and growth for them in the way that nobody else in the industry is doing. >> so some say you're not making any money on that contract. >> i totally disagree. we are a marketplace that sells demand generation. so whether those demand generations. >> i like that i'm going to steal that. >> absolutely. we sell growth that's what our primary product is we're not a logistics company. >> okay. >> we do logistics. >> right. >> because we know that's an end to get to growth and we make money off our

logistics. >> gross margins are fabulous. >> the gross margins on the logistics are not fabulous the gross margins on the demand generation are fabulous, which is why i differentiate between a logistics company and a demand company. if you're selling consumers, you're selling growth. that's the profitable side everyone else in my industry is a logistics company which has razor thin margins one of my competitors said they're the next fed ex. you really want to be the next fed ex there is a multipresident we can get and the multiples a marketplace company can get in. >> your expansion some say is head long. you're going say no, right, your expansion is on target >> i think that everyone in the country would prefer to order digitally. >> how about campus people. >> than order on the phone absolutely >> that's why that acquisition >> it's an incredible acquisition because it gives us further scale in campuses. and to pingo is a pickup focused product. here's what you need to think

about. we sell growth we sell orders i don't care if that's a pickup order, a delivery order, a self-delivery order or a catering order everyone else in my industry only does delivery facilitated by that platform >> we're seeing people come public we're hearing about postmates coming public. we know uber, you're up against uber i like to track the little car, tells me where it is i don't get that with you guys food boss doesn't list you as being the cheapest i don't know >> i would disagree with that. >> but this morning, brooklyn. >> really? >> i'd be shocked. >> i'm really involved in the process. >> i'm impressed that you found the one restaurant that we're not cheapest on. >> i like your combative attitude is that why you bought a ton of stock? >> i have not bought a ton of stock recently. >> right. >> but, yes, i have in the past. look, because of our partnership, because we partner with restaurants we don't put nonpartner on the platform because the restaurant is subsidizing part of that

transaction fee we are always cheaper. that's what people don't understand there is a lot of bait and switch pricing going on >> that's why i'm here there is a lot that people don't understand. >> there is a lot. >> and you must have great advice for the companies that are coming public. you've been public for five years. >> absolutely. >> and i think you really get it give me some hints to the unicorns >> hmm, wow, this is a good one. i would say you are going to have the make better choices, if i use the language i use with my young children, because the problem is the public markets are not going accept the poor decision making, the short-term decision making to show growth, short-term growth at all costs what they're going to look at is are you building a sustainable business for your partners. >> okay. >> are you allowing restaurants to be profitable, or are you just thinking about your very next private funding round. >> and you can fund drivers. you've got plenty of guys, because the labor market is tight. >> the labor market is tight but i think gig economy opportunities overall are expanding. we're seeing a lot of people

want to be delivery drivers because the flexibility they get from being an independent contractor >> the shifts. many shifts. you know, we're going stop there, because i think you have made a great case for grubhub. you know i have a great affinity for what you do, being in the restaurant and tavern business that's matt maloney, founder and ceo of grubhub, symbol grub. thank you so much. >> thank you, jim.

♪ now that tax day april 15th is right around the corner, let's talk about how you can make money off it. now, look, i can't make your taxabilities and i can't make filling out your tax return less of a hassle, but i can help you try to profit from the business of tax preparation every year about this time people start thinking about buying these stocks, whether we're talking about h&r block or

turbotax, quick books, boy, do we ever use that, and mint among other brands intuit is a long-time cramer fav. they have racked up tremendous gains. as the world became more tech savvy, this company was able to make more and more market share because it was so digitized. why go to a physical office to get help with your taxes when you can just do it on the web via turbotax that's the major reason why intuit has been able to rally from $25 a decade ago to $262 a day. even if it got dinged for more than 6 bucks today, part of the sell-off from the high-flying tech stocks. does it make sense to buy up here or has the easy money already been made? logical question the story has definitely gotten more complicated of late while the company has a long history of reporting fabulous numbers, some investors did get a little spooked last august when long-time ceo and cramer fav brad smith announce who'd be step do you think at the beginning of this year and transitioning to his new role as

executive chairman [ crying ] smith wanted to go out on a high note, and that's exactly what he did. plus, on the same day we learned that intuit's chief technology offer assistanceberg would also be retiring. losing two top executives is a big deal, especially your ceo. i mean brad smith is the major reason why i've been such a huge fan of intuit's stock over the years. i met him, i don't know, a half dozen years ago. i said this is a guy, this is a guy who knows his stuff. he came on the show repeatedly, made a great case for this business but it was a technology case under smith's leadership from 2008 through the end of last year, the company's earnings have more than tripled and the stock gave you a 600% plus return. impeccable that's a real loss, even if he stayed on as chairman. but at least so far the new ceo, sasan goodarzi, who i invited on the show seems to be doing a terrific job

they sell accounting, tax preparations software to small businesses, including the businesses i own, and independent contractors. meanwhile, mariana tessle, the chief product development officer took over from intuit's chief ceo. the whole statement went into a tailspin in the powell bear market, especially the high-flying stocks like this one. that eventually dragged devine an intuit, despite the fact the company reported a phenomenal quarter in november. these guys are all year round. the stock plunged from 231 down to 182 its lows. now i think it would have held up better of course if it weren't for the announcement of brad smith's retirement. like so many other stocks that got slammed during the fourth quarter bear market, intuit caught fire in 2019. it is up 33% year to date. that's pretty darn good, isn't it ♪ hallelujah obviously it never should have pulled back that much in the

first place. the powell bear market took down a lot of stock the last few months the stock picked up more and more institutional relationship rela. finally upgraded the stock to neutral in early february. neutral. probably used to decline to upgrade. those bulls knew what they were doing. when intuit reported on february 22, the new management team knocked it out of the park the analysting with only looking for 86 cents, higher than expected sales, love that solid guidance for the next quarter to boot the stock rallied nearly 7% in the single day intuit kept climbing until this week when it started pulling back a bit ooh, i like that alongside these results, intuit also released their turbotax unified for early tax season while the numbers were basically flat, flat was darn good under the circumstances. remember, the government shutdown, right? tax season got off to a late

start. but those customers weren't lost they were only postponed customers. best of all, sasan goodarzi, the new ceo told a very compelling story on the conference call he explained intuit is on track to hit its full year targets thanks to strong growth in their small business self-employed division which represents about half the company that grew at 17% clip last quarter. it's become a major driver here. really, this business is the linchpin of the whole growth strategy why? intuit already dominates the tax prep space, but turbotax has been taking market share for years. and after the big boost last year from turbotax live, the service you can use to ask a real human being for help over the web, there is only so much share left to take for intuit to keep growing, the company needed to expand into new area, hence the new focus on helping the self-employed. we're talking about lyft and uber drivers the thing about the gig economy is it's a real pain in the neck

when it comes to taxes if you drive for uber, they don't withhold a penny for the irs. you need to calculate and pay those taxes yourself every quarter. in short, as more people get pulled into the gig economy, and you know that this is a continual theme on this show, that that is a great secular bull case. intuit gets a whole new base of customers who need help with their finances and their tax returns. by the way, i'm still surprised that small businesses haven't been doing better. we know that from marty musey. i think that intuit's plan and the new management plan, i think they're executing incredibly well but this is a big but. the stock has already run up democratically, and prices to matter at roughly 35 times next year's earnings estimate which is live for a company with a 15% long-term growth rate. you don't want the pay twice that even the most aggressive oriented money managelers blanche at that kind of valuation. based on wall street's estimates from fiscal through 2021, the

stock still sales through 31 times earnings it is difficult to come out tonight and recommend putting new money to work at these levels you to believe goodarzi and his team can make it work. as much as i like it, it seems expensive. it's all about conviction. if you believe in their strategy and think they'll blow away numbers, it's worth buying up here if you don't have that kind of conviction in an unproven management team just yet, i can't blame you for taking a pass on this one, at least until we get to lower levels let's take calls let's go to john in washington john >> thank you, jim, for taking my call. >> you're welcome. >> caller: i love it. >> thank you >> caller: and i love your unique style. >> it is unique. >> caller: my question is abo abou nutanix

given the negative news about lawsuits, is this a company that is good to add to my position right now? >> i'll tell you that nutanix -- nutanix sent me an email while i'm doing. this nutanix basically, the class action suit is not something you worry about. what you do have to worry about is the competition, which have vmware and vmware is very good. nutanix, it's tough. it's tough for them. when it comes to conviction, the name of the game is conviction okay, it's a new management team i don't blame you if you want to take a pass for lower levels feel like you're seeing stars after constellation brand's latest earnings? you're not alone grab a cold one. hey, make mine modelo and make yourself comfortable i'm speaking with the ceo buying some of the country's most popular beers, wines and spirits that i'll give you a hint, prisoner and a terrible day for the cloud

stocks i'm checking the forecast and telling you if the stormy weather in the group could pass. and of course all your calls, rapid-fire in tonight's edition of the "lightning round. so stick with cramer cnbc on tune in premium has your money covered when you can't watch, listen live on the go during your commute, at work or at the jim plus with cnbc on tune in premium, there are no commercial breaks. >> boo-yah >> download the app today. california phones offers free specialized phones... like cordless phones,

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♪ has constellation brands finally gotten its mojo back regular believers know i'm a big believer in korconstellation, b known for selling corona, modelo and pacifico, and some fancy wines and liquors. lately this stock has been tough to own as investors worry about a slowdown in the beer industry. the main reason constellation shelled out about $4 billion for a 38% stake in canopy growth, the best of the canadian cannabis plays if you ask me it has the biggest war chest because constellation gave it to them people still worried about the, quote, beer business that's why the stock exploded higher today it was down early because the stupid outlook guys were 6.5% in the wake of a terrific quarter yep, constellation reported 12% earnings and better than expected revenue up 2% ov

year-over-year the numbers don't include any earnings from canopy growth or the $1.7 million from the wine let's check with the brand-new ceo of constellation brands. learn more and where it's headed mr. newlands, welcome back to "mad money." >> hey, jim, good to be here. >> hey, bill, this number showed without a doubt especially because even bad weather didn't even matter that not only is beer back, but your beers are taking up the whole growth in the total beverage environment >> it is at the high-end continues to be strong and we are the leader in the high end and you're right the end of february wasn't great weather-wise, but our year overcame the whole thing we were almost 9% growth in depletions in our beer business. it's just a juggernaut, and we're thrilled with it >> i want to ask you something a lot of people felt worried about all the debt you took down

for canopy i was shocked that you got $1.7 billion for brands that you have been saying aren't really creating the return. but second, your cash flow was incredible you can pay down this 4.7 in three years, the way i look at it >> well, as you know, we've said we planned to return $4.5 billion to investors over the next three years and you're right this is a cash generating business and now that we've excised a piece of our wine business, we think we're going have a great potential in that piece of our business as well we're excited about the future >> i know you spoke at the beverage association i've got my spy there's the other day. and it looked like what you're saying is what really matters is the high end is great, hence, why you would keep a prisoner, why you bought high west why you're premiumizing the premiumization of tequila. these are working, aren't they >> they are. they're all powerhouse brands. they're super interesting. they're high margin businesses and we think this is where the growth in the future is going to

come from. so this is where we wanted to be in the future, and this deal today puts us in place to do just that. >> you have a close relationship with mexico. it's been a fabulous one were you worried today when the president was talking about shutting down mexican trade if things don't go right? >> i got to tell you, i'm happy to hear he is backing off that whole argument, because obviously, we make all of our beer in mexico but there is lots of things quo do to mitigate that issue, but we prefer not to deal with it at all, to be honest with you. >> i remember when some people were saying -- what do they want you to do, make mexican beer in michigan but that's never going to happen, is it? >> no, that's not going to work. >> all right i want to talk about canopy there are some expectations built in here that i thought were pretty aggressive the canopy business will be generating over $1 billion next sales at the end of the upcoming fiscal year? can it really do that kind of revenue? >> i certainly think it can, jim. if you look at canada alone,

canada's on a run rate of 5 to $6 billion in sales, and canopy is the leading player in that market so if you just think about canada alone, you're going to have a great opportunity then you add in new form factors later this year in things like beverage and other edibles we think the sky is the limit. this is going to be a big business and canopy is going to be the leader >> bill, i'm worried how are you going to manage your time, you've got cbd you've got to get the thc. you to get the bench done. you to do the high-end spirits and also got to do beer. this too much for one guy? >> well, obviously, i don't do it all by any stretch of the imagination. but we're very focused canopy is focused on what they're going to do to build the right form factors and the right markets to win across the globe as necessary and as it becomes legal. we've got a very strong team in beer and a very strong team in wine we think we're in pretty good position to win on all three of

those fronts. >> do you think one of the reasons why low-end wine or people fear it won't do as well because canopy comes in with a very good tasting drink that has no calories. they're dominant because they have the most money. isn't that attractive for most people i'm going use a term we use off camera to get a buzz in a better way? >> well, you know, this is part of the reason why we focused our attention on the trade upset during the wine business that's going to continue to be the growth profile for wine going forward in our judgment. same is true in spirits. and whether or not a cannabis piece ends up taking a chunk of some part of the business, we see no evidence of that today, as i told you before. >> right >> but at some point in time, it could very well happen we believe we're positioned to win on all of those fronts, no matter what the consumer chooses to do. >> okay. you know i've got bar san

miguel but the millennials are in love with the modelo on tap. >> big-time. >> and they can't get enough pacifico did you guys just pivot right? those two beers. >> this past year is the first year we really did national advertising for pacifico and we've got double-digit growth outside the core home market of california so pacifico is an up and coming brand for us as you know, it's hot and it's hot with the younger consumer. we're really excited about it. and then you think about the success of premier we had this year it focuses in on the health conscious low carb, locale -- cal. and we think it's got a great growth profile coming up this year too >> tough to keep in stock. that's what they say tough to keep in stock that is bill newlands. >> that's a nice problem. >> president and ceo of constellation brands i like this company. stick with cramer.

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it is time it's time for the "lightning

round. >> buy, buy, buy, buy, buy, buy! >> sell, sell, sell, sell, sell, sell [ buzzer ] and then the "lightning round" is over. are you ready, skee-daddy? time for the "lightning round. jim in new york, jim >> caller: boo-yah, jim cramer >> boo-yah >> caller: first time talking to you. my call is on vf core, i sold on 327 and bubble bond them. >> i think it's doing so well that you're going to do quite well. >> buy, buy, buy >> i'm thrilled to get rid of the gh business that is too competitive. steve in new york. steve? >> caller: boo-yah, jim. first-time caller, long time. >> first time, long time >> caller: got a stock i got into late last year for dividends. it's since merged with another lirt but has been going down should i buy, hold or sell office property income, opi. >> i've got to look into that. that's a stunning decline. it's gotten a little better this year i got to find out what they

merged with that nobody likes. that's a cheap stock we're going to come back daniel in pennsylvania, daniel >> caller: jimmy, it's a valley boo-yah to you. >> love the valley lived there for a while. what's going on? >> caller: despite the recent increase in crude oil inventory, with summer driving season and $75 oil on the way, my stock is anadarko petroleum corporation. >> well, i have a conference call next friday for members of the actionalerts.com club. turned out how anadarko did not what i wanted in terms of growth this quarter i think will be better inanadarko is fine i think you can make six bucks in it. let's go to larry in south carolina larry? >> caller: boo-yah from myrtle beach, south carolina. >> good fishing. >> caller: i like your wisdom on okta >> come on, you know i like those guys that stock at one point was so ham earned today you couldn't look at them

it was like looking at a total eclipse of the sun that's the one that is the identity software. it kind of salesforce spawn. i like it very much. >> buy, buy, buy >> but remember, it's a long-term play i need to go to steve-rino in l.a. steve? >> caller: coach cramer, boo-yah too you from chicago >> krzyzewski is what they called me until that brutal michigan state game. what's going on? >> caller: send us a placekicker, please. been riding the pharmaceuticals roller coaster since last fall, and things are looking up now. launch is going good >> it's interesting you say that because i saw that too i remember someone asked me in summit where i live -- [ buzzer ] -- what is the deal with that? i don't know it goes down every day it goes up every day 91% this year. don't get cocky. don't get greedy virgil in virginia virgil >> caller: yes, i'm going to get your feel on jb. thank you, sir >> virgil cain's my name but i'm not a buyer of that stock.

i think jd, we're only doing baidu and alibaba. i added baidu. that's a new one neo started going up you see that how about robbie in north carolina robbie robbie >> caller: yeah. >> you're up >> caller: okay. >> well, that means you go, usually. >> caller: oh, okay. hey, how you doing >> you know, this is a great day, frankly a great day. i had a cup of colon coffee. what's going on with you >> caller: i'm worried about jpm. i know it has a p/e ratio of 5.9 and an annual return dividend. >> you can get this at 3% with that price, and all i hope is president jamie dimon appoints me ambassador of monaco. and that, ladies and gentlemen is the conclusion of the "lightning round"! [ buzzer ] >> the "lightning round" is sponsored by td ameritrade ♪♪

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you know, i'm always telling you to wait for a pullback before you buy something red hot. it's because of days like today. even though you couldn't see it in the averages because the dow was up to large, this session was terrible for one of my favorite groups, the cloud stocks just look at the cloud kings, the ones i anointed the biggest and best players in the space which were absolutely hammered the service now sinking $10. salesforce off 4 bucks splunk down nearly three bucks vmware losing nearly 5 bucks

and adobe falling more than $3 all were much, much lower earlier in the session by the way, this is why i'm always preaching the virtues of diversification. ♪ hallelujah if you want to diversified portfolio, today was a god day but if you had too much concentration in the cloud, well, this was a pretty bad day. you have to understand, though, there is nothing wrong with the cloud companies here no i checked everywhere there was no bad news there was no negative research in fact, we know the cloud remains on fire here amazon web services, which you know we had the ceo on is the top cloud infrastructure provider, and it's red hot microsoft's azure has spectacular growth what if we move down the food chain in the semiconductor companies that supply the centers that host the cloud, amd, intel, nvidia, all have the same tale. the same things yesterday are true today like digitization is still in its early innings for many companies. how about the fact that walgreens, a huge outfit walgreens had horrendous earning, and it's just now

beginning to digitize, something i mentioned over and over on the disastrous conference call guys, how come you're so late to digitize i'm not making a clarion call to buy these because sometimes there is some sweeping call that we don't know about yet. it's possible a couple of hedge funds are simply liquidating high stocks don't have any exposure to china. that's a classic rotation because people say talks conclude this weekend in a positive way but we have to now wait the see if we get to downgrade finally, perhaps my biggest fear is being realized. growth funds are raising cash to prepare for deluge of new ipos knowing that the next few deals will be done by firms that don't want another lyft on their hands, lyft being the new term for botched ipo. it makes sense trade web, a financial service/technology company that jumped gigantically and in an orderly fashion, just what you want if you own it i think some funds could be selling the cloud stocks so they have capital to participate in these ipos

especially now that lyft is actually back to its offering price. at least that happened mine, look, i told you they think a 39% company, a company on 39% and company owns 60% which is uber, that's a good business how about the cloud kings themselves what do we know about them all right. let's take them now. first service now. i just talked to the ceo the other dion squak on the street he said business is very strong. service now is a go to name on this decline remember, my information is a few days old salesforce, a stock we own for my charitable trust, which you can follow along by joining the actionalerts.com club. big conference call next friday, just had an extraordinary quarter. and again, have i total confidence in marc benioff and keith block. splunk is a little tougher it's not clear to me i had nothing recent so, i can't tell but i know it's riding two secular growth waves, security and data mining. security remains as hot as ever,

maybe hotter and data mining has never been more important how about vmware didn't you know? we just had coo sanjay punin on. he just came here. he told us business is fantastic. he couldn't have changed in ten days i think buy some now and maybe buy some more when it gets hit by analysts and downgrades it simply for the sin of going down workday had an incredibly strong quarter. you can argue the stock has run too much from the levels at one point it was down 12 bucks. i think people are plain scared to buy a stock that is down as much as workday was midday today. my trading instincts tell me there will be a second day of losses for this group, because that's how rotations usually play out i would buy some tomorrow after margin calls around 2:30 p.m. and maybe buy some monday. finally, there is adobe. when these guys reported last month, their stock tanked. a few weeks later it erased the losses and then some so i say you should get ready to use this swoon in the cloud

stocks to do some buy. wait until the coast is clear meaning we're sheer there is no meaningful downgrade like tomorrow morning before you pull the trigger. give yourself a little more time so we can make sure it's a random rotation related to stocks that win if we get a china deal and not something more meaningful. typically, a decline this, has its worst day on day two, tomorrow, not today. so you might want to start picking at these stocks in the late afternoon of course, if the group gets hit with big downgrades, they could go lower, but that's an opportunity to buy even more at better prices. i like the clouds. i like the clouds. stick with cramer. and you should be mad at tech that makes things worse. but you're not mad, because you have e*trade, who'r by automatically adding technical patterns on charts and helping you understand what they mean. don't get mad. get e*trade's simplified technical analysis.

you know, i've been thinking about constellation. and what's good for constellation really is bad for bud and for tap, because i think coors is doing badly too this turns out to be a one-course industry, and that's all. i like to say there is 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'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." ♪ is a product to defend against mother nature. hey, sharks. my name is john d. smith, and i'm from orlando, florida. i'm the creator of storm stoppers. i'm seeking $100,000 for 10% equity in my company.