>> cbs light on earnings any i like the valuation here, and i do think there is likely a merger in the works. cbs. >> intel if you liked it back in february at 50 you would probably like it back here again and it's a good level. >> that does it for for more "f" jim cramer and "mad money" up next 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 isn't just to entertain, educate, teach, put it in context. call me, 1-800-743-cnbc or tweet me @jimcramer. healthy declines bullish sell-off positive corrections

a the nasdaq climbed 1.6%. i got to tell you. when i first got in the business some 40 years ago, i would hear those seemingly oxymoronic terms, and they would drive me crazy! >> buy, buy, buy >> sell, sell, sell! >> what can ever be good about the market going down, unless of course you're a short seller betting on lower prices. but other the years, just like a gardner who cuts back plants in order to encourage growth, a sell-off can potentially breed a better market down the road. i don't want to get ahead of myself, though i have some real concerns about this market, even as i think this pullback will prove to be a buying opportunity, but you got to be patient. got to wait for the right moment let's take things down my first work. it's this booming ipo market i mean, honestly, specifically, to infinity and beyond meat. last night we profiled beyond meat and gave you our totally stretch blessing to buy this

stock, up to $35 we kicked this around. i felt awful saying 35 i said nah, it's okay. i know it's ridiculously high. but it gets a ridiculously fast grower i hemmed and hawed about it. that's about 25 times last year's sales, roughly eight times my back of the envelope estimates for this year's sales. again, not earnings, but sales it sounded pricey, but i said okay, i'll just come out here and say 35, because i like the story. i'll bless it. well, what happens the stock soars into the stratosphere, trading up to 65 not 35, 65 and change today. that's 163% to nearly double my target and my target was already a nosebleed valuation that i felt bad about. now i know beyond meat is a tiny company, 200% growth rate, it deserves to be red hot but this kind of behavior, taken an unproven come around 50 times last year's sales, it is not a

good sign. it tells us there is a lack of discipline and an exuberance in the ipo market i don't like that. worse, it will encourage more reckless behavior, just like pinterest and zoom video think about the trajectories of those two market darlings. pinterest opens at 19, okay. and then goes -- i'm sorry, it prices at 19 it opens at 23, okay and then goes to 35 earlier this week before pulling become to 29 today. zoom video is more outrageous. prices at 36, opens at 65, goes to 76 before finishing at 75 today. it's more than double where it started. people, i don't like this. pinterest now says at 17 times this year's sales. get this, zoom, which is a little pedestrian company, it's not a great company, zoom trades at 47 times sales. and those valuations are not -- >> they know nothing, they know nothing! >> why is it so troubling? first, because i don't like to pay more than 10 times sales for anything, any stock, even the

fastest growers. that's been my long-term rule of thumb. there is too good a chance it will blow up in my face the next couple of quarters second, perhaps more important, when you get these kinds of moves, obscene moves, it's like what your mother always told you when you were little, or at least i hope she told you. it's all fun and games until someone gets hurt. i know the lyft was a bust, but that disappointing ride share seems like a distant memory. now it is all fun and games again. and eventually these undisciplined buyers will hurt themselves when will that happen? i'm not sure the brokers seem to have learned from lyft that you have to let the buyers win now and then. and zoom and pinterest, well, they're massive wins could the brokers simply be trying to suck you in for the biggest deal, unabomer a company that is losing money and slowing growth we know when facebook's ipo tumbled, the whole market took a

header what if it repeats itself with unabomer if the uber deal works, the rest of the market won't gain if it doesn't work and that coincide was breakdown in trade talks, well, you will be glad you heeded my admonitions. so that's my biggest worry, but it's not my only worry there are other signs of froth hey, look at tesla's stock today. it soared, better than expected earnings good sales numbers no it was on a $2 billion capital raise, a raise yet the stock rallied 4% in part because if tesla can get all that money, it's in clover even if you get a downturn. it rallied more specifically because elon musk indicated he intends to buy love him or hate him, you can't doubt his commitment to his stock. his judgment i don't know but not his enthusiasm for it which was infectious enough to push tesla higher.

tesla, the broke they're the bringing offering goldman sachs. you know the broker has a sale rating on the stock? talk about excess. that's a definition of excess. i remember there was a time when goldman sachs when i worked there, the research department had the right and did kill underwritings they felt were unworthy of that firm. truly that wouldn't be the case or goldman wouldn't be working with tesla i'm betting it will work even -- let's just say this is excess personified. third example of froth, look at qualcomm now i love qualcomm, the technology but this wireless technology company has now seen its stock pour from 57 to 87 in just a couple of weeks. 57 to 87 last night qualcomm reported management actually said they may not be -- things are not as rosy as people thought the 5g buildup may take longer than you think they basically said you know what this is not a now story. initially the stock got

hammered that made all the sense in the world. they basically said hey, don't get too aggressive but by the time the stock started trading this morning, qualcomm's stock went up, not down it's down beat forecast. sorry, that's not realistic. that stock's got to be pruned. now, of course, not everything is rosy. this morning i interviewed the ceo of dow chemical after dow reported a decent quarter. not great, decent. not too far from the mark. yet the stock fell an astounding 6% >> sell, sell, sell, sell, sell, sell >> to it now yields 3.5% we own dow for my charitable trust. you can follow along by joining the actionalerts.com club. and we're getting clocked by this thing i am aghast at how hated the new dow chemical isright out of th chute. and let's just say it. i am really faced with an amazing conclusion dow and dupont should never have merged they would have made a lot more money for shareholders had they stayed separate. [ booing ]

but the rest of the market is encouraging. a little hatred is a good thing. a little hatred is what makes stocks going higher. when everything is loved, that's when you have to worry the health care stocks got spanked. i told you this group had more downside but would eventually bottom we're not there. and the beloved square got hit, down 8%. people wanted a jean win beat and this pullback, i find it encouraging. but the bottom line, you don't make big money in ipos like this beyond meat deal at the start of a major move you tend to get this kind of action at the end. and i don't want anyone to get hurt here. that's why i think you should do some trimming and raise some cash, as we told members of the action alerts club to do you can put to it work if the market gets hit. i'm pretty sanguine about the market longer term but the disciplined thing to do right now is to raise a little cash, prepare for a pullback given the excesses i just told you about, and then get ready to do some buying again

pete in florida, pete? >> caller: boo-yah, james. >> oh, what's up >> caller: first time caller, long-time fan. >> first time long time. >> one quick comment i miss the days when you used to sign on and emphasize my job is not just to entertain but to educate. i love that. >> well, i'm still kind of go. let's go to work what's up? >> caller: garmin. i own the stock, and they've exceeded their earnings and revenue expectations for the last four quarters and they have an a plus rating on the street, but the stock is being garmin hammered i'm trying to figure out what's with that. >> i actually liked the earnings report everyone seems to think wait a second, it's a commodity it's not if you take a look at the long time chart, and i'm not a chartist, it stopped where i think it should. it's done a lot of good things to bring out value i'm not against holding on the stock. let's -- i'm against selling the stock. i think -- i don't want to buy it, but i'm against selling it

chad in florida. chad >> caller: hey, big tampa buccaneer boo-yah to you, jim. >> there is some spirit. that's what i want to see is spirit what's going on, chad? >> caller: man, i live in florida. you know what we need down here is yeti coolers. i bought earlier and i've been riding a wave. >> look, i got to tell you i was talking to ben stota today who is our research director we thought that graze quarter for yeti i think you're getting an opportunity. i think yeti is really one of the better companies to come public that's an example of a good ipo. it didn't go crazy at the opening. you got to buy some that wasn't frothy it's the exact opposite of what i'm seeing right now with beyond meat do we have any beyond meat here? do we have any sausage this thing is in your face as being too expensive. i don't want to be obscene it's obscene froth alert. i continue to bless so that you have some cash to do some buying if people start realizing like i did that it's gotten very

frothy believe them in there. "mad money" tonight. disappointed in pal not taking the president's side then i'll tell you why it's time to do something else with your cash then the first quarter was right for activism with campaigns against everyone from bed bath to bristol-myers. i'm bring you up to speed. a run on gas i'm going to talk to the ceo and let's not forget, up 163% for a faux sausage stay with cramer >> don't miss a second of second of "mad money. follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc ssomhing head to madmoney.cnbc.com. here's one you guys will like.

show me making it. oh! i got one. the best of amy poehler. amy, maybe we could use the voice remote to search for something that you're not in. show me parks and rec. from netflix to prime video to live tv, xfinity lets you find your favorites with the emmy award-winning x1 voice remote. show me the best of amy poehler, again. this time around... now that's simple, easy, awesome. experience the entertainment you love on x1. access netflix, prime video, youtube and more, all with the sound of your voice. click, call or visit a store today. ♪ right. who are these people who took the president seriously? that's all i could think of yesterday when the stock market started breaking down after

benign monthly fed meeting on the lunatic theory that somehow fed chairman jay powell had disappointed us because he didn't agree with president trump that it's time to cut interest rates when powell failed to obey trump's tweets, shocker, people started selling. or at least that's what i kept hearing about over and over again in the media i am not convinced these people exist. i can't think of anyone who thought the fed was going to cut other than the couple of knuckleheads who came in and spooked the futures with some real hard blasts two two minutes into powell's press conference there were no large futures buyers anywhere, just seller, and that's why stocks went down. i think there was some serious disbelief among grown-ups that anything like this could be happening. people were incredulous. who the heck, honestly, expected powell to do just whatever the president tells him to do? that so juvenile, it's too juvenile for words however, once the selling did get going -- >> sell, sell, sell!

sell, sell, sell, sell, sell, sell >> it we heard nonsense that it looks likes the rate cuts are on hold because of pressures that may or may not be building suddenly we're going get rate increases. the reason led us into our first real sell-off in ages that continued today. as the market kept rolling over, we kept hearing rumbles that jay powell supposedly knows something. maybe the employment number tomorrow will be too strong. you know the drill you get an excessively positive report from the labor department tomorrow morning and anyone calling for rate cuts will look like a dope. [ booing ] instead, the same course of inflation hawks who convinced powell to declare war on the economy in the fourth quarter of last year will come right back and start arguing for more hikes immediately at 8:31 tomorrow these people will never admit that they're wrong they refuse to acknowledge the fed overdid it when it tightened nine times and gave us an inverted yield curve where the short rates that the fed controls are around because they're even higher than the

lower term rates it often signals an economic slowdown that whole litany has come right back into play, darn it. like the fourth quarter. geez, it makes me so angry, because that's inspired the powell bear market now let's put everything on hold for a second instead, let's go back to the original selling yesterday why did the market go down because we're told people were disappointed that powell didn't cave to the president's demands so they sold futures but if that's the true these sellers are truly living in a parallel universe which is why i think this is a bogus explanation. powell can't start cutting rates here, not with better numbers than when he tightened in december, which is the case. he has to wait a bit after the last time, no matter what, regardless of what trump said, the cut was never on the table but the idea that the federal reserve supposedly an independent agency would cut because the president says so, that is insane look, i'm a big believer that the president has every right to complain about powell's moves.

i've never said it was wrong to do that, but we have an independent central bank in the country which means powell can do whatever the heck he wants. more importantly, the fed jealously guards its own independence if people started believing powell could be pressured into what the white house wants, he would lose all credibility no one would believe him when he threatened to tighten because you know he'd back down, and that's why i think trump's tweets are counterproductive to his own cause. at the end of the day we don't live in a banana republic where the fed is run by a spineless sycophant, and that's a good thing. if anyone was truly disappointed by this, the most obvious thing in the world, frankly, maybe you should think long and hard about how you ended up believing something so preposterous and whether you should even be running other people's money, let alone your own stick with cramer. coming up, the barbarians are at the gate. activist invest verors have bee busy this quarter, and the

company they're after may be in your portfolio cramer storms the castle when "mad money" returns.

♪ wall street loves it when a big name activist hedge fund takes a position in an underperforming company and starts stirring things up. but not a lot of plays are equally successful sometimes they reach an accommodation with management and it works other times they get involved in proxy fights that distract the people running the show. trade falls apart. when it works, though, riding the coattails of the activist can be very lucrative, which is why we spend so much time talking about these situations lately tonight i want you -- i got to get you caught up, okay? get you caught up with four of the biggest activist stories of the year e, dollar tree, ebay, bristol-myers and bed, bath & beyond you know how the scenarios tend to play out.

why don't we start with dollar tree this chain of dollar stores saw its stock get clobbered last year because of the family dollar acquisition that it made. dollar tree has the reputation for being the best run business in that whole dollar industry. family dollar, on the other hand, was the worst. the idea behind the deal was dollar tree would be able to turn those stores around but it was taking longer than expected earlier this january the big-time activist starboard value entered the play and urged management to cut its losses and sell family dollar in addition to some other initiatives to boost profitability like selling merchandise at different price points, maybe more than a dollar now when the news broke, i begged starboard to give dollar tree's management a chance when we last spoke to ceo gary philbin, he explained the family dollar side of the business was finally turning. the stores were producing much better numbers i told you this was a win-win scenario for you either the plan works or fails and starboard can clean house.

when they reported in march the numbers were solid and the stock has come roaring back. it's 109 not too far from its old highs it's given you 31% gain since philbin pointed out the turn it's up 18 since starboard got involved it's given you a quick 12.5% win. i told you it was a win-win scenario in jah. starboard basically declared victory, agreed to work with management rather than trying to replace the whole board of directors. you know what? i don't think it's done. i think this company has more upside it was always my favorite in the group. next up, in late january, we earned that elliott management, the legendary activist firm run by paul singer, very smart man, had taken a 4% stake in ebay and starboard jumped in today. ellie's plan that. >> wanted them to sell off the non-core business like stub or classified ads businesses. i liked the sound of it. i if the crow could reach an accommodation the stock would be a real winner. that's exactly what happened

by early march they're working together on lock value here and there is a lot of value to unlock because ebay doesn't really get credit for stub hub author classified business the company had collaboration with elliott they gave the activist a couple of seats in the board. when bay reported last week, the headline numbers were solid. but there is one glaring problem. their gross merchandise volume, the gmv, the single most important metric if you're running an online auction house, it was down 4% year-over-year. still, the stock roared on the news win-win. plus, the whole point of the plan is to unlock the value of ebays a nonauction business, not the gmv business it's up nearly 10% since i recommended it at the beginning of february. i bet this one is not done going higher how about bristol-myers? at the beginning of the year, bristol-myers told us it was buying celgene, once a favorite of ours but fell on hard times celgene for $74 billion in a

game changing acquisition. the deal was very comfort. the stock got slammed on the news a few weeks later starboard value comes in and tries to block the deal man, these guys are busy bristol-myers is a little different because this is a case where i think the activists straight-up got it wrong we at giovanni cafarrio, had hi on several times his company's key oncology drug has been crushed by the competition from merck, this keytruda drug that's so good but with celgene, i think they'll become the largest player in the oncology space eventually management won. the deal was approved by shareholders of both companies and all that's left is for the transaction to close and the stock is finally starting to get some traction. ben bristol-myers reported, the stock has rallied for six straight session up up more than 5% ten times everything, too cheap. it guess higher. last but not last, there are

activists who will try to take on truly herculean tasks, like cleaning out the augean stables, the stables that is bed, bath & beyond, bbby yet a trio of actors, it takes three to do this one, are targeting this downtrodden big box retailer the idea that you could turn around bed, bath & beyond is something that requires an enormous amount of self consbordering on hubris. the fundamentals here awful. bed bath has spent years trying to fend off online competition, especially from amazon, but they never really committed to any of their initiatives. instead they decided to spend a fortune buying back stock at much higher prices if i were taller i have lost about three inches in the last five years it's driving me crazy. i should take up pilates that's what my wife says they might as well set the money on fire. put it in a big chimney, you know, because wow has it been a waste of money now long-time ceo steven deem mayo

demayors wants to get serious, after reporting an okay quarter with hideous guidance, he told us he wanted to moderate the declines in our operating margins and earnings per sure. bold plan. that's why a few weeks ago i said bed, bath & beyond should give the act emplg thverything y want the one thing bed bath has going, it has a billion in cash. it's theoretically possible that someone could right this ship. it's only been three weeks, but since then a lot has happened. last monday they formed a new committee to conduct the strategic review they're shrinking the board from 12 to 10 and five of the current members are stepping down, including two octogenarian co-founders. bed bath has a new chairman too. but the activists weren't satisfied. i don't blame them they're not satisfied one bit. they want a new ceo, and they'll do whatever it takes to make it happen last thursday they published a massive document which is an indictment of bed bath's current leadership and a well thought out turnaround plan.

my view on the stock, as long as steve running the joint, i don't think you should own it. murky thoughts about how to get things back on track the bottom line, the best activist situations are the ones like dollar tree or ebay that are win-win. either management does a good job or the activists lower the boom but something like bed, bath & beyond where you have a very troubled company and management is fighting tooth and nail to protect themselves and boy have they ever paid themselves a lot of money rather than protect the business no i don't want them in there i like the activist. that's a different story larry in texas larry? >> caller: hey, boo-yah, jim thanks for sharing all your insights and comments with us. >> ah, thank you >> caller: you're making us money. >> you're a nice man you're a nice man. try hard i wrote down dow chemical and they blew it i'm angry at myself. >> caller: i ordered your book today. i'm a big fan of yours. >> oh! thank you very much. that's very kind. >> caller: i bought dollar general late in 2018 i'm up about 35%

i took some money off the table today, and i listened to your commentary this morning. >> right >> caller: but do you think dollar general is a good long-term hold for me? >> i sure do i like what you did, again, because bulls make money bears make money, and hogs, they get slaughtered. at the same time, i think that's a great situation. you're doing exactly what i want people to do a little trimming, because i think the market is frothy and when i think it's frothy, i'm going speak up and say it. tom in florida, tom? >> caller: hi, jim >> hi, tom. >> caller: my question is about home depot even though the stock is up today, since last week the stock has dropped about 5 points. >> right. >> just read that they're replacing their cfo. >> well, he's retired. >> caller: any reason for the drop >> one of the few cfos i've ever had on "mad money," she is brilliant, is retiring and when we talked about this for action alerts, which we own, i have to admit that you know what the company will not be as good

without carol. she is fantastic at the same time, i do think the world of the company they have great management they have a deep bench but i would be remiss to say oh, it doesn't matter that she leaves she is too darn smart, but i'm willing to stick with it because they have such a great franchise. i wish her the best of luck. she is welcome on the show she is extraordinary don in california, don >> caller: hey, jimbo. >> yeah? >> caller: so the stock of decker's outdoor has pardon the pun outrun the competition >> they've done a great job. they've done a great job you're absolutely right. >> caller: so is it still -- is it still trading at a relatively low p/e. comfortable shoes. they've got these new high performance carbon running shoes for real high performance runners. so is it still safe to get in? >> you know what i did not catch the run. i didn't recommend it. i was focused on nike. i am not the best call there i always like to say hey, listen, if i got it right, i can opine.

i did not. i didn't push the stock. i wish i could say it's late or not too late, but i never nailed it to begin with so i got to stick with nike. and by the way, under armour i thought had pretty good numbers today. an ideal activist situation is one that is a win-win, all right? but beware of situations like what's happening at bed, bath & beyond where i think the activists should win much more "mad money" ahead. i'm cutting to the core of core labs after its recent drop could the decline signal more problems to come for the company, or is it the industry that's at fault? plus, it's a company on a quest to find improved treatment for breast cancer. do not miss this on the eve of national women's health. hologic. and all your calls on tonight's rapid-fire edition of the "lightning round." so stay with cramer. as someone in witness protection,

i can't tell you anything about myself. but believe me, i'm not your average consumer. that's why i switched to liberty mutual. they customized my car insurance, so i only pay for what i need. and as a man, uh, or a woman with very specific needs that i can't tell you about- say cheese. mr. landry? oh no. hi mr. landry! [ grunting ] liberty mutual customizes your car insurance so you only pay for what you need. liberty. liberty. liberty. liberty. ♪ when you take align, you have the support of a probiotic and the gastroenterologists who developed it. align helps to soothe your occasional digestive upsets, 24/7 with a strain of bacteria you can't get anywhere else. you could say align puts the pro in probiotic.

so, where you go, the pro goes. go with align, the pros in digestive health. and try align gummies, with prebiotics and probiotics to help support digestive health.

♪ just when chevron occidental got everyone excited about the oil industry again with its bids war for anadarko, core laboratories threw a bit of a wrench in the works. core labs which helps producers analyze rocks and fluids and show them the best places to drill reported earnings the last week while the headline numbers were

a little better than expected, i thought the company was a tad too cautious given the fact that oil is down 2 bucks today, i totally get it. that's why the stock plummeted 11% last thursday, and it's continued to trade lower ever since, even though it has the best return on the investment in the comp group problem, even though oil prices have rebounded from the lows, core sees u.s. drillingactivit being, again, let's call it tepid during the second quarter. drillers have been burned too many times by the roller coaster that is crude. i think they've become more conservative the question is has the stock been punished enough given how great its technology is? let's take a closer look with david demshur, the chairman and ceo of core labs to learn more mr. demshur, welcome back to "mad money." >> hey, jim, thanks for having us back on "mad money," our 16th appearance in the last 24 years. >> well, you're very faithful to our show i got to tell you, i think something's happened in the group. with oil in the 60s, i thought you should the be hiring more. you did say you're getting the kind of interest that would

indicate that companies are gearing up because they have to meet their production. >> yeah, jim, that is correct. if we look at what the main drivers are for core laboratories, they are internationally based projects and deep water projects. we've seen a number of final investment decisions being made over the last three years, and we think in earnest in the second half of 2019, we start to see those revenues coming back into our revenue stream. >> now which of your two different reservoir description is it that the people are interested which are the ones that you think are going to turn first? >> it's going to be production enhancement, because that is mainly a u.s.-based business, and it does have some international exposure in the second half we look for a nice gain in revenues in reservoir description which will drive high-end incremental margins which will drive their margins back up in the high teens. >> what's happening here we've got the sanctions being extended we've got problems at a lot of different countries like

venezuela, where they're producing a fraction of what they used to produce we don't necessarily have -- with what's left of opec on the side of lower oil. why isn't oil dramatically higher, david, given the fact that the united states is doing so well? >> well, and that's one of the reasons why, jim the report out this morning was that the u.s. production has reached 2.4 million barrels a day. this is up some 7 million barrels in is the last eight years. this is a remarkable gain in crude. yes, we do agree we see large declines in mexico, venezuela, colombia, angola, nigeria, and some of the northern african states like libya and egypt, and so there is a bit of a disconnect in the supply that is there to come on other than the united states and where the price of crude oil is today. >> let's talk about what you're doing to be able to make it so we can get more money out of oil fields speak of some of your

technology i found some of the -- the idea of integrating gun support continually came up on your conference call. what does that mean for companies that trying to find more oil >> well, when a well bore is drilled, it is lined with casing that casing has to be perforated so there is communication between the oil reservoir and the flow up the oil well so a new perforating gun is out on the marketplace it is made up of new components, one of them being an addressable switch and also being preassembled before they get to the well site. this is inherently safer and much easier to implement into the well bore. for instance, if you're drilling off a pad and you got six wells that might have 100 perforating guns in them, you can fire the guns in any order you like you can fire gun 1 and then gun 100 and then gun 50. this will make for a much more superior completion so the well

can be stimulated and ultimately produce more crude to the service. >> so let's say a chevron or an occidental is trying to get the anadar anadarko, what they want to do is use that to be able to find oil in some fields that may have already been drilled on but don't have enough oil coming out without that instrument? >> well, that is correct, jim. all three of those companies are great clients of core laboratories, and are huge users of technology, and they're looking to apply this to ensure that they get a better return on their invested capital and increase their free cash flow, which are two demands that investors have today, making sure that all people in the oil field are at least earning their cost to capital where in the past decade, maybe not so much >> now what's happening in the actual market that i look at because i'm looking at crude futures, okay. and it says that basically, out to forward curve backward, out to 2023, the price is about $50.

often you have felt that oil has to go out. $50 out a bunch of years, that would not be that great for people in the oil service business >> well, certainly one of the reasons is the u.s. inventory numbers last night bloated by about 10 million barrels on a $4 billion -- or 4 billion barrel inventory market, this is not significant. however, traders trade off the number you are correct. the crude oil curve is backward dated, and some of these larger projects like offshore guyana with exxon, tallus oil offshore in mexico, a lot of these are going to be brought on for greater supply we think we're going to need every barrel and are a little surprised by the backwardation of the curve >> i was surprised to see your slope activity i thought that that had gone away but it sounds like that could be a potential hot spot for you >> yeah, correct, jim. as you know on our call, we

talked about the expansion of our anchorage office stay tuned there right now the north slope's only output is about 400 to 450,000 barrels a day. we're getting down to the point where the north alaskan transatlantic -- transalaskan pipeline needs more feed oil into it to keep it viable there have been some large discoveries there, and we're going see some nice developments over the next several years off the north slope of alaska and offshore alaska >> well, that's great insight because i don't think many people have that or know that. you've hung in there best return on invested capital. i always have to appreciate what you're doing, even in the doldrums market. i want to thank david demshur. he's the chairman and ceo of core labs, the technology, the technologist of the oil field. "mad money" is back after the break.

that's what happens in golf nothiand in life.ily. i'm very fortunate i can lean on people, and that for me is what teamwork is all about. you can't do everything yourself. you need someone to guide you and help you make those tough decisions, that's morgan stanley. they're industry leaders, but the most important thing is they want to do it the right way. i'm really excited to be part of the morgan stanley team. i'm justin rose. we are morgan stanley.

"lightning round" is sponsored by td ameritrade it is time it's the "lightning round. >> buy, buy, buy >> sell, sell, sell! >> buy, buy, buy. >> sell, sell, sell! [ buzzer ] and then the "lightning round" is over. are you ready, skee-daddy?

time for the "lightning round. i'm going to start with chris in alaska chris? >> caller: hey, jim, knight swift transportation had a pretty good pullback this last week >> i'm not a trucker fan i looked at xpo logistics. i kind of like the quarter, next thing you know, boom, the stock got clobbered. let's stay away. randy in arizona, randy? >> caller: hi, cramer. thank you for taking my call >> absolutely. >> caller: i have a two-part question i own wpm, wheaton precious metal. >> right that's decent. >> i was wondering what i should do with the stock. >> you can own that. just for the record, i prefer barrick gold, which is the old randgold plus barrack, symbol gld. dr. mark bristow in charge let's go to ed in new york ed >> hey, mr. cramer, how you? >> i am good thanks for calling >> caller: yes, listen, you're the best, you're the best! >> thank you >> caller: all right my stock is holly energy partners, hep.

what do i do >> you know what something is wrong lose the 10% yield. the other day i saw one of these company versus similar that got blitzed. they cut the dividend. i am concerned let me do some work. we're going to go back and look at these partnerships and see which once are yield together much a 10% yield always in this environment worries me, because it is a red flag let's go to dave in california dave >> caller: hey, boo-yah, jim how's it going >> not bad, dave thank you for asking how about you? >> caller: it's terrific out here in southern california. >> there you go. better than here what's up? >> caller: my stock is cirrus logic. >> 52-week high, geez. look, i think the world of apple. cirrus is a supplier i cannot bless buying it at this level. i can't! asgood a company i think it is ken in maryland, ken >> caller: hey, jim, boo-yah >> boo-yah >> caller: i'm a long-time listener and enjoy your show very much. >> thank you

>> caller: my question is pet medics >> what is that stock doing with 10 times yield when it comes to animal health, i am never going to deviate from idexx and blewetis >> hey, from the land of blue and cheese, big boo-yah to the minister of mooia, the oracle of audacity, cramer how are you? >> holy cow. what's up? >> caller: i have doubled my investment in gts. >> i cannot believe the gas to liquids which is what that stands for is actually all the way back up. that is a company i got tell you, i have missed the move. ♪ ♪♪ that that is it for the "lightning round." ♪♪

♪♪

internet that puts alright boys, time to eat. that handles anything. [ crowd cheering ] that protects what's important. and reaches everywhere. this is beyond wifi. this is xfi. ♪ the health care secretary has been hammered of late. the medical device stocks have mostly hung in there they're doing pretty well because they're not hated by the public like the drug companies or the managed care place. take hologic, medical imaging systems, surgical products and an emphasis on women's health. a few weeks ago the stock was setting new time highs but recently pulled back a bit reported a pretty good quarter modest top wall street's reaction was a bit confused initially the stock got hit and

then it rebounded, erasing the losses i think we need to do more homework on the eve of national women's health week, let's check in with steven mcmillan, the chairman and ceo of hologic mr. mcmillan, welcome to "mad money. good to see you sir. have a seat. the majority of my staff is female. >> very good >> we've got the floor >> i have a couple of daughters as well. >> and they all cheered that you came on because they feel that not many companies actually address women's health needs and as i studied for the piece, i have to admit that hologic is pretty much the main emphasis. >> we happen to think we've probably done more for women's health and especially breast and cervical cancer than any company on the planet. >> that's my read. you should talk about some of the inventions you've had and some of the things you're doing, biomarker, what you're doing for everyday women national women's health week coming up. >> thanks for having us on, especially ahead of women's

health week. the biggest things coming on are 3-d mammography. we invented 3-d mammograms launched first in 2011 didn't really fully take off until the 2015-2016 time period. and today is in more than half the hospitals in all the country and frankly expanding very quickly around the country in simple terms, the great thing about our 3-d is it improves the detection of cancer up to 60%. and the early stage cancers. but also, what it's doing is it's reducing false positives. think about one of the big problems right in images is you get these positives and then you've got to go in and have a biopsy that isn't needed so our 3-d mammography has really been pioneering and opening up so many new avenues, really particularly in women's health. >> i know for shareholders talking about on the conference call, tremendous recurring revenue, which obviously we want to make money. we also want to -- we have a mission. your mission is to help women

survive. >> yes. >> thrive. but this product does quite well for shareholders >> it's part of the magic of our company. our purpose is to enable healthier lives everywhere, every day. and our passion really is being global champions of women's health i happen to be very lucky in combining business with a strong sense of purpose our employees, they do, they wake up every day. i get a call at 10:00 friday night last week at the end of a long week from the president of our breast health business he called me at home just to say hey, there was a small group of r&d engineers that had taken a project themselves that had been languishing. it wasn't even theirs, and he called me literally at 10:00 at night, jim, to just tell me, hey, these guys think they've cracked the code on this project that's been really kind of going nowhere for a little while and really complex and they just did it on their own. and that's what you get when you have a company where everybody cares and we're fighting for our sisters, our mother, our daughters, you know, everybody

everybody is affected by women' health. >> i want to pivot to this, because i think you have to explain to people, that's actually highly unusual. you and i have been around we know that most people go to work and feel a sense of purpose. but 10:00 at night, a breakthrough that's quite different from what we've experienced in business. >> it is it's part of being in health care is one thing, but truly transforming women's health. and, you know, there is just an incredible passion and what's been fascinating too is as our technology keeps advancing, it's probably like the iphone if you think about the iphone, right, all the things it's enabled like would uber exist without the iphone no well, with our 3-d mammography, one of the other things that's become much more apparent is women's breast density and the fact is a lot of women, about half the women have dense breasts. those have always been very hard to read on mammograms. but with 3-d, you can actually read them so much clearer. so we're actually the first product that's been approved and

cleared by the fda for dense breasts. so it's another one of these that -- and then that gets our engineers that much more fired up it gets our clinicians, our customer, the radiologists, and they start telling us about all the patients who they've been finding more cancers in earlier so they don't need mastectomies, but we can go in and do minimally invasive surgery it is magical. sorry. >> no, no. the awareness. people may not even know this exists my executive producer regina was saying you really got to ask about the biomarkers it wasn't in the conference call so this is something that you should talk about, because, again, if we can get awareness, we can get people to realize that this is no longer a horrendous process that is obviously not good >> sure. we've got lots of different things one of the new areas, and again, it's enabled by the technology, what we're actually getting into is what we call breast conserving surgery one of the acquisitions we made last year is the technology

called biozorb, which is a reabsorbable little marker that now if a doctor is going to go in and do what's traditionally known as a lumpectomy, and then we need to do radiation treatments, we can mark the exact spot without having to do traditionally it would be a mastectomy and lots of radiation. now we can do very targeted treatment. and in this case of biozorb, the product is put in that allows the marker and it eventually absorbs back into the body after a couple of years. so you have something that helps you in the short-term and then there no surgery required on the back end so we're able to take what used to be mastectomies, turn them into minimally invasive surgeries, treatments. everything so that the patient can end up in a much better place. and by the way, it's also a lot less costly to the health care system >> this is all terrific. i'm glad you came on, because i think a lot of people just feel that everyone is just making money off the health care system and not improving people's

lives. hologic has always had that great reputation you're preserving it i want to thank you for the women in the audience and the men too, for everybody okay that's stephen macmillan, the hologic chairman and ceo i don't know about you, but i wish people knew about this. i'm glad you can come on the show "mad money" is back after the break. >> thank you so much aw, stop. this is why voya helps reach today's goals... ...all while helping you to and through retirement. um, you guys are just going for a week, right? yeah! that's right. can you help with these? oh... um, we're more of the plan, invest and protect kind of help... sorry, little paws, so. but have fun! send a postcard! voya. helping you to and through retirement.

♪ they put a man on mars, maybe cured a rare disease i don't know to me it just seems like a -- oh, sorry. when this stock goes up 163%, okay, in the first day, that's what i call a sign of froth. frankly, i don't care how good they are i really don't in the end, they are all nonbeef patties, and i just think that this is the real sign of froth you're looking right at it, and it worries me. i always like to say there is 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 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." ♪ with a product she believes will help cat lovers everywhere. ♪ i'm rebecca rescate. i live in yardley, pennsylvania, with my family and my loving cat samantha. a few years ago, we were living in a tiny apartment in manhattan. problem was...as soon as you walked in our front door, you knew we had a cat. you could smell the litter box