momentum. >> dan nathan. >> consumer staples. i think a big too extended here and so you sell. >> you could see "fast money" once again 5:00 p.m. on friday i will see you on "mad money" with jim cramer starts right now my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a 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 to teach you so call me at 1-800-484 cnbc after a big run, you always hear there are just two many bulls. too much excitement! too much optimism! that we have been lulled into a

false sense of security. you'll hear it even if you're a sedate daytime today where the dow gained 69 points s&p climbed to an all-time high, i should add getting bored by those, and the nasdaq advanced by 2.2%. here's my question what exactly are we too bullish about? are there individual stocks, sectors, that have gone crazy? you know what, i always like to break things down. let's take them one by one as opposed to making a sweeping judgment are we really being irrational with the banks, large sector in the market after last week's run, tough to tell when you see major dividend and buyback boosts after, of course, the federal government review, they have good reason tore positive how can you feel the same way about the stock of goldman sachs when the company just increased by nearly 50% and rolled out a $7 billion buyback hey, that's more than 9% of the shares outstanding in the end, it got better off

the crash test results and even here, i can't say there's that much enthusiasm these stocks are darn cheap. are we too bullish about health care, another large sector dream on, partner. the managed care stocks have become proxies for the candidacy of joe biden, the most moderate democrat on health care. who has -- at least who has a chance of winning. when biden does badly in the debates like last week, these stocks go down as for the drug companies, more articles about how the price gouging -- this is a political sector until we get more clarity in the primaries for now, the idea that investors are too bullish on health care, that is nuts retail oh, come on. really only four brick and mortar retailers there's like a hundred stocks. but four that work, walmart, target, costco and home depot, big enough to absorb the tariff costs and compete against amazon you can argue their stocks are expensive, but the rest of retail, i've got a frog in my

throat but i'm going to have to give you a neil young here ♪ helpless, helpless, helpless, helpless ♪ neil young what else? the cyclicals remain trapped by china. there are a couple industrials that seem unstoppable. honeywell and ingersoll-rand nobody is excited about this group. the steel stocks acted better before the tariffs that are supposed to protect them for heaven's sake. today's lack of enthusiasm for the trade true sure didn't help. the papers and chemicals, they have become some of the worst performers i have seen in my trading career all right, how about the once red-hot aerospace sector if you're hanging in there, boeing is a dog. oil is a group you can't give away take, bp please had to here's a company that had a tremendous quarter, good growth, solid. 5.9% yield, yet the stock seems cemented at had 42, except when

it falls to 41 the oils are unbearable to own this group, my late mother, would say is -- from hunger! airlines hit or miss sure, the rails are acting better, because they're all becoming better operators. not because the businesses have suddenly decided to be revalued as commerce place. how about eps. these former market leaders have turned into losers tariffs. are we too bullish about the auto industry? come on. have you seen these valuations. >> trading at ridiculously low price points which means people have zero faith in the future. and no wonder. general motors reported one more negative set of numbers. it's like one of those stocks is like -- i don't have to look at it, probably 38. and so where does the argument say that we're too bullish it comes from tech where we do have some outrageous valuations this morning. rbc downgraded two high-flyers, trade desk and roku. both stocks were able to bounce

right back after an opening lower. roku stock ended up having a big day, rallied at 168. trade desk fell and then finished in the black. this is what i'm talking about it's not like i'm going crazy. look at the internet stocks, facebook and alphabet. yes, the ancillary plays, shop i my, visitors are always willing to play up for what is rapid growth sustainable semis, i know, controversial this group just had the beatdown of a lifetime. while they bounced in the trade news, take the trade back, they came right back today. it's tough to value newly minted i ipos like zoom video and uber and lyft the whole class of 2019 is way too expensive in my eyes and i think these stocks are indeed you will have nerl however, ipos aren't a sector. they're just a subset of one group with beyond meat thrown in for good measure even though it's not a tech stock at all

look at the rest of tech intel, cheap eaest i've ever sen it come on, that's one of the cheapest stocks i've seen. sulfurhas some price influence sales force down, up seven yesterday. adobe, they could plummet and still wouldn't be cheap. but that's been true for years, people it's not even note worthy. these cloud stocks have permanent overvaluations with periods of painful swooning that you had to buy i think the potential to go higher maybe much higher if the economy shows signs of slowing and investors crowd into consistent growers. there is always a chance something goes wrong and they blow up off of one -- remember when linkedin blew up the same day as tablet software tablet software ended up being bought by salesforce and linkedin bought by microsoft i mean, you can say the same thing for every software stock as a service

any sass stock that gets hit is going to get bought. here's one fintech. to me, financial technology is the most overvalued part of the market paypal, mastercard they're viewed as a sector, so what every time they get hit buyers come out of the woodwork want to go against fleet corps he's like -- i think he's still on i-95 getting run over by 18 wheelers big caps -- let's go over them this is important. amazon, yes, vulnerable. microsoft, after this run, vulnerable netflix, vulnerable. apple, potentially vulnerable. these are the big ones that could potentially get pummelled, especially if the trade war heats up against apple and gets caught in the cross fire however, i think the deal the president just made is a major win for these guys i wouldn't sell apple. still, when you look over the whole market, the idea that we're too bullish, it does not hold up under close scrutiny while there are some overvalued stocks, real people i think are descentable regardless of what

polls say. bottom line, feel free to pull in your horns, because you think there's too much enthusiasm. i'm not seeing as far as i'm concerned, there's too much exuberance in one particular subset of expensive tech stocks. but other than that, you're boxing with phantoms stan in florida. stan >> caller: hey, jim. >> stan. >> caller: i'm an owner of the dow dew poiupont merger, spun ol three divisions. dow is doing okay. core teva looks like a rough year because of the midwest flooding and so forth. >> right. >> and dupont today got hit with a big lawsuit, saying they totally -- almost fraudulently mislabeled their amount of reliabilities going forward. >> yeah. i thought that dupont was scrubbed clean and that that will not be a big claw back. the best one of those three is dupont you know your stuff, man

core teva, the ag business is tough right now. you buy agco if you want to do it the one that surprised me is dow holding up at 6. but it's just -- it's got a bottom jim fitter ling always welcome on the show. now i need to speak to eileen in my home state of new jersey. eileen >> caller: hi, jim good evening my question tonight has to do with automatic data processing >> yes. >> caller: the ticker is adp. >> right. >> caller: i've always been a big fan of adp, however, i read an article last night after close of business and apparently some institution is offering a block of 8 million shares. the stock is down 4% do you think something -- someone -- >> we couldn't find out what was going on there now, you know, eileen, i'm so glad you brought this up i don't know who sold the stocks, not the company. carlos is amazing. the company is incredible. that's why when i said it was down to 159, i said pull the trigger and buy. buy, buy, buy! and even at 161, still a buy, regardless of who is the seller. all right. sure, some stocks are way too

expensive right now. i get that i gave them to you but the majority of sectors are pretty much hated and cheap and come on! hey, "mad money" tonight let's drive in some of the moves in the s&p i'm going to go off the charts and find out. and the trade war with china may have cooled this weekend but tonight, what are the biggest winners from the huawei daytime? and, of course, the biggest losers, the dangerous ones and it's mall madness when it comes to cannabis. someone is doing well in brick and mortar i'm talking to the company that is helping cbd go mainstream so stay with cramer! >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question, tweet cramer #madtweets send jim an email to "mad money"@cnbc.com or

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in may the stock market got obliterated as everyone freaked out about the heightened trade

tensions with china. in june, the market came roaring back as it realized the federal reserve was poised to cut interest rates and there might be some resolution in the trade war. so that's past tense where are we headed in july? tonight we're going off the charts to answer that question with carolyn broaden, who runs the fibonacci queen.com website and also one of my colleagues at real money.com where i blog every day. borroweden told us she expected more pain, even though she was still long-term bullish. she nailed it! in fact, when you look at the daily chart of the s&p 500, you can see the fibonacci queen was all over the darn place. for example, she always tells us to watch out for what's known as the 513 crossover. when the five-day exponential moving average crosses below the 13-day exponential moving average. that's a sign that correction may be in hand we got exactly that on may 8 take a look, it's pretty interesting. and the market continued to get

clobbered from the highs in early may, the s&p eventually shed 225 points. fib queen, you nailed it how about the technical? broaden is called the fibonacci queen for a reason her methodology involves looking at past swings in the market past swings in a stock past swings in an index. and then running those swings through the prism of fibonacci ratios that's an important series of numbers discovered by the medieval godfather of mathematics. leonardo fibonacci did you know he lived in pisa, where they built the leaning tower! define important levels where the security might change course this applies to both the y axis of the chart, which is price, okay and the x axis, which is time. remember that course so broaden is looking for

fibonacci time signals in early june, we got a whole cluster of the timing cycles coming due on the 3rd and 4th. when that happens, she expects a possible reversal of what the market is doing. if falling, we go higher, rallying, go lower sure enough, again, amazingly, that's exactly when the s&p bottomed and we got a beautiful rally but the five-day exponential moving average crossing back over the 13-day -- i already marked it in green i thought it was important and that's broaden's trigger that tells you it's time to buy. the moment that happened, she knew the correction was over just by looking at the charts and the fibonacci ratios so where do we go from here? even after the monster run last month, broaden thinks we've got still more up side check out this new version of the s&p 500 daily chart. shooting for higher up side targets. the first is at 3,015, up less than 2%. that shouldn't be a difficult hurdle to jump her next target comes in at the

3,093 level. that's through the 3,102 level, up a little more than 4 mer%. and if we can break over that level, the s&p she says can go to 3308, which would represent an 11.3% gain. what a year that would be. that sounds darn good! however -- however, broaden also notes that we're brashing right now a cluster of fibonacci time cycles that fall between yesterday and the 4th of july. and like i just told you, when an index hits a bunch of these timing cycles -- well, guess what it means we're in for a reversal so while broaden likes where we're headed long-term, obviously, this would be incredible, right? right now the chart is telling you to anticipate a little -- let's say pullback maybe later this week, tomorrow, friday. that should be a buyer weakness, good opportunity you just need to learn from the recent only be a buyer as long as the sell trigger doesn't fire. meaning as long as the exponential moving average holds

above the 13-day if we get a crossover in these two, she'll become more cautious until we get a another clear amount of signals. she thinks we'll see much higher pric prices from the december lows. we're faux bulls, i guess is better for saying what we might experience some turbulence along the way and warns the turbulence might come soon. all right. if you understand what's driving the s&p 500, why don't we consider one of the largest components, something i talk about constantly yep, you guessed it, apple every time investors wrote off apples prospects, the stock is now back a couple bucks over 200. you know why i'm a believer in apple, even though the company is caught in the cross fire of the trade war, one of the few large operators that had the potential to be she woulled by h sides. the fabulous razor blade business model, where they sell you the phone or the watch, so they can make money charging you

for various subscription services for years and years i sure wish they started explaining is this story like i said, in terms of the lifetime value or ltb of the subscribers, because that's what's going to matter not the hand set sales it's the conclusion of a much thought that i had just i kind of dreamed up the whole service revenue thing. but what about the -- yeah but what about the tech side take a look at apple's daily chart. as much as it's already run, broaden says if this stock can clear its current hurdle resistance at 205, and we are right there! she sees a lot more upside in fact, her methodology suggests that apple could run $227, and maybe even $243. people are talking about all the time highs here. once again, if the five-day exponential moving average crosses below the 13-day, all bets are off and i know you hate that buy high, sell low thing but she's been right so let me give the bottom line

the charts, as interpreted suggest that apple and the broader s&p 500 have more room to run maybe much more. but the next few sessions might get a little dicey so long as we don't get a beari bearish 5/13 crossover, she thinks you can safely buy into any weakness which means when the actions thin on wednesday and friday, it sounds like as long as it doesn't get down too much -- >> buy, buy, buy, buy, buy, buy, buy! >> i like it, because it's unemotional. why don't we go to christopher in pennsylvania. christopher! >> caller: jim, how are you? big boo-yah from philadelphia. >> well, there we go i mean, there we go. i like -- the hospital just went bankrupt how about that wow. go ahead >> caller: i'm a college student, first-time caller wanted to ask about jd.com, ticker jd. it's been on a solid run recently, up about 20% this

month. curiously, your thoughts are for this one considering the trade news china. do you think i should hold or sell it? >> you know what, i am -- pete navarro was on our channel this morning. and actually, people call it network. i'm so old, i call it channel. and he told a bullish story about how the talks are going well i guess you can stay with it it's not my fave, but that whole market is lifting all votes. let's go to beverly and les in arizona. two, two, two for one. let's go >> caller: hi, i'm beverly >> caller: and i'm les >> all right >> caller: we bought cloudera last october at $14.71 a share and i think we should now sell it and buy amd instead >> caller: and i think that we should hold on to it and les and i have a $10 bet going on here. it's up to you to see if i win the $10 or les can you give us your take on this >> i would not sell it down

here the combination had so many prospects. but it failed to deliver i agree with les, that amd would be better. but i have to tell you, the more i think about what beverly is saying, i don't want the loss taken right now. it can't be this bad at cloudera i think -- i mean, i have to tell you, maybe i'm splitting the baby there but that means kind of both are right. but cloudera was a mistake and you're not going to go wrong with amd all right! listen up. the charts suggest the next few sessions are going to get dicey. but then the s&p is headed higher maybe this is the opportunity. much more "mad money." president trump softening his stance on huawei which companies could see the benefits i am not seeing these names anywhere we've got them here! then i'm taking you inside the world of thin tech and i'm telling you about a stock that might be worth considering. and all your calls, rapid-fire tonight's edition of the

"lightning round"! so stick with cramer -driverless cars... -all ground personnel...

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it's just $4.95 per online u.s. equity trade. ♪ in the last couple months, the cannabis stocks have gotten completely hammered. you know i think the group got too hot and needed to cool down. but this is still a tremendous long-term opportunity, because of so much displacement that this is going to do. that's why i want to keep getting these companies in your face be familiar with the newly minted cannabis companies. take green growth brands that's an american company green growth actually operates in the u.s they describe themselves as a lifestyle-oriented consumer products company that sells cannabis-related products like cbd, which was legalized late last year. these guys have been opening cbd stores all over the country. so was this the kind of cannabis exposure that's worth having let's take a closer look with

peter horvath, ceo of green growth brands to see where it's headed mr. horvath, welcome back to "mad money." >> thanks for having me back, jim. great to be here >> all right so peter, since we talked to you last, there's been -- look, they legalized it at a federal level, but just cbd but you put up a lot of stores what's your experience because you promised us good-looking stores and i can see from the pictures they sure are beautiful. >> well, jim, you know, i met with you -- spoke with you eight months ago i think it was the day that cannabis was becoming legal recreationally in canada. >> exactly. >> and back then, we had one dispensary we had just closed on a deal today we have licenses that allow us to open up 47 dispensaries in three states, florida, nevada and massachusetts. and you're right the cbd thing seems to be going legit, way faster than the cannabis thing and i know there's a lot of interest in cannabis, and we're very interested. but we're also interested in being a kind of a dual threat.

cbd, we've opened in just the last four months, 60 shops in the next four months, we will top out at 230 shops ask then see where we go from there but the way that happened, just to prove how legitimate it's becoming, it came through partnerships with simon property group and brookfield management. so big-time mall developers, guys with the best malls in the world, and they gave us access to the best locations and the best malls right away, which is why we're rolling so fast. >> i'm so glad you called them shops. you know, this dispensary is pret the revolution. dispensary makes it sound like where sick people go in order to get some sort of -- you know -- some sort of morphine near the end of their lives and i am so glad, because you're bringing this mainstream i want you to tell us what some of the testimonials are from people who have gone to your stores, because these stores are now -- they're all over the

place, and you must be able to actually start building up a model of same-store numbers. >> yeah. and that's -- thank you for mentioning same-store sales. because both you and i think it's going to be kind of important at some point. and, you know, we operate two dispensaries in nevada i'm going to use them as the case study. >> okay. >> they do over $18 million each they do $15,000 per foot in sales, which any retailer would drool over >> oh, my god. >> and they have no tourists they are in the suburbs. so it's not -- you know, we don't have the taxicabs bringing people it's basically locals. 85% of the people who shop there live within six miles. so these people, localization, which we knew at victoria's secret and american eagle was essential to having a future with brands. i would say lululemon does it awesome. each store might be in a mall. it's specific and relevant and real to the local customers. our two dispensaries in nevada are exactly that way

there's -- we get one-and-a-half visits per week. it's like buying eggs and milk so -- >> right. >> with all of that, we've -- you know, we've got this merchant team that comes from victoria's secret, abercrombie, bringing merchants to cannabis what happens when you do that? two weeks ago, we changed the floor set to make it easier to navigate we've been working on narrowing the assortment doing all the things that you and i love about great retailers today. and we got about a 12% increase in sales and we're talking about stores that do $15,000 a foot so when you get 12% on 15,000, i think that's the -- the numbers are too big for me to figure out. >> peter, we should point out, the nevada stores are thc. >> yes. >> and thc is something that a lot of people really want. cbd, nice. thc, recreationally, a lot of people love. so, i mean, can that be -- if the -- is that a good example of

what could happen if thc is legalized? >> well, i think so. you know, let me tell you a little bit about the cbd shops basically, we've decided only to sell topical product which means it doesn't get into your blood, which means the fda isn't so interested in it >> right. >> i don't know if you're aware, but, you know, people are selling inhaleable or ingestible cbd, and right now that's federally illegal, per the fda. >> yeah, scott was wondering -- we have no dozing rules. stop taking that stuff said nothing bad about topical >> yeah. that's -- so that's why we focused on top california. and think about it our backgrounds, the team's background are bath and body works, procter & gamble, beers dorff. we understand how to manufacture across the world at the highest cosmetic standards, whole foods standard, gnp. let's do that with cbd, which we felt nobody else was doing we have the most comprehensive assortment of topical product. and this is what is amazing, jim. eight months ago, it didn't

exist. so we're excited this is a speed race and it's amazing. it's just obviously -- >> you know, irwin simon, long-time guest on the show, from a previous company, okay -- freea. you did make a hostile after a stock got knocked down why didn't you try to combine friendly -- you know, or -- you mentioned whole foods. you know that walter robbins is on the board couldn't something have been worked out there >> well, i think that -- that was exactly the way we approached it. it was opportunistic i wouldn't say we have any plans to go hostile on anybody in the future or to go after an lp but that was -- at that point in time, it was opportunistic we knew that team well irwin hadn't yet joined. he joined after we announced the bid. irwin and i spoke two weeks ago. look, the cannabis industry, i would say there are no enemies everybody knows that they need each other and they also know that some day they might be bought by one of these other guys that you meet at these conferences and, you know, out there on the road.

so i think friendly is the only way to go in this industry the way it worked for us was a function of the -- how our boards are operating, and the specific circumstances of -- they had a short that was killing their stock at the time. >> right it was a short -- but they -- one of the things you guys are doing, you're approaching for young people, you've got the abercrombie. and the other thing, i've got to tell you, i really like about what you're doing is you hired -- a chief merchant with the -- victoria's secret you were hitting the right group. you're not just after, you know, in oregon, it's mostly older people or stoners frankly you are dealing with regular people. >> yeah, we understand consumers. that's how we built our careers. when you get as old as me, you get around a little bit and we learn from some of the best merchants. if you think about the best merchants you've probably had on your show, wes and mickey

drexler, we learn from people like that. i'm excited to be in an industry where people are cherry picking a few organizations. they understand what merchants do on a monday that's the day -- >> unfortunately, we've got to wrap-up. i can talk to you all day. you're one of our guys, all right? so i do hope you'll come to the set or we go to one of your stores because i think you're approaching it right the other guys all approach it so it's, frankly -- a little unbecoming to go to their stores that is peter horvath, ceo of green growth brands. you see why i had him on he is moving merchandise into actual numbers, plus 12% pickup. isn't that something stay with cramer

♪ yesterday there was a lot of enthusiasm and nearly, frankly, as much skepticism over the president's new trade cease-fire with china now we know he put the next round of tariffs on hold and he's reached negotiations with the chinese. but after reviewing what trump actually agreed to do, the biggest thing by far is the roll bac back of sanctions on huawei. when the president black listed this $100 billion in sales,

chinese -- it was truly a major escalation in the trade war. kind of shocking, frankly. it crushed all -- all the stocks of the companies that do business with huawei here. and there's a lot of semiconductor companies that do business however, before you start buying huawei suppliers hand over fist, you need to be careful because we still don't have much detail about what happened and i expect some of these suppliers will benefit a lot more than others, and some not benefit at all so who wins from the trade detant and who might not when the black list was rolled out, it initially hit all of huawei suppliers now that it's being rolled back, i only expect a partial rollback if if you make plain vanilla tech used for hand d sets just for your phone, just for this, i'm betting you're good to go. if you're making the components for teleceo infrastructure, you have a problem they want nokia and samsung to catch up to huawei when it comes to 5g and they're so far behind,

being loo, i would like to say just good luck but i think samsung is making a comeback erickson and nokia, not that fast the best way to do this, the best way to make sure they're in the lead, would be to put huawei out of business. because they're so far ahead of everybody else they make better and less expensive equipment. there's only so far that you can push these things. after huawei sanctions, the white house was clearly worried that apple was about to be targeted, black listed by the chinese government i don't know if that's why the hard liners lost this one. but whatever the reason, the more pro trade forces the administration triumphed that doesn't mean the hard liners go away which is why i have to view this as a limited victory under these conditions, you need to be selective. i'm betting the roll backe of the sanctions will benefit -- probably need to write these down there were a lot that were said that were benefitting, are wrong. the winners, skyworks, micron, texas instruments and corvo. i'm not sure about broadcom or

xilinx and i'm skeptical about the last one, which was down a lot today. the more proprietary your chips are, the less likely you'll be allowed to sell to huawei. think of it as commodity versus proprietary. if your company makes components for cell phones, you're probably good if you make chips for military communications, uh-uh, you're off the table. if you make wireless infrastructure technology, i think it depends because they really don't want to let huawei run away with 5g in short, the trump administration is willing to stop trying to destroy huawei. i mean, that's a real blow to the hard-liners. remember, hard-liners mean people who are cold warriors, but keeping the serial bad actor -- this is their term, short-leash. speaking of hard-liners, this morning we spoke to pete navarro, the president's top trade adviser on "squawk on the street." i wish i had been there. it was in the 10:00 hour i was not able to play but he told us that -- great interview -- they're only permitting the sale of lower-tech items to huawei that won't -- emphasize -- won't

impact national security listen to what he told faber >> selling chips to huawei, a small amount of chips, less than $1 billion worth of chips a year in a short run, is small in the scheme of things 5g, the fight for 5g, president trump is very committed to having the u.s. take the lead on 5g, building companies like nokia and erickson up. in europe, will contribute to that process so 5g is huge. selling a few chips to huawei is not. >> in other words, this trade truce is great news for the commoditized semiconductor companies but have less of an impact on semis. let's go over the winners so you have more in depth and and grasp it when you look at the companies that do the most business with huawei, micron, they all get more than 10% of sales from the

company. that's the broad list. momentum, they're at the top of the list but the formers, teleco, possibly too proprietary i'm not going to recommend that here as for the others, corvo, makes radio frequency chips for both wireless and broadband communications this is a company that already gets more than half of its sales from china reported a blowout quarter powered by its booming 5g business but nobody seemed to care later that month, the company had to slash its forecast for the quarter by $50 million and that's a lot for this company. so who is the winner now do we just tack on to corvo and start buying it? not so fast. i say it's a partial win you know what, i've got doubts about the tell co infrastructure side that's all about 5g. not with the white house signaling that they still want to check huawei's dominance. you heard navarro. i think he is not giving you a green light. i expect he would be better but

wouldn't be my number one pick sort of a microcosm for the bigger group how about skyworks makes chips for devices, especially phones. yep. skyworks is a winner here. while they also have an infrastructure business, the biggest customers on the side are nokia and erickson not huawei that's who we're trying to get to win while its smartphone business is in china, i think it works, especially since the chinese haven't retaliated against their top handset customer, apple. skyworks has a strong management team it is an extremely cheap stock that has just gotten beaten up here risk/reward, good. then there's xilinx. that's a programmable system on a chip, certainly proprietary. not commodity at all huge exposure to 5g. yesterday the stock surged higher own the trade truce but today gave up nearly all of those gains and then some. because the trump administration doesn't seem okay with selling this kind of technology to huawei

as much as i like 'em, i've got to tell you, no thanks on the other end of the spectrum, you've got the commodity plays like micron and western digital. western digital makes hard drives and flash there is nothing sensitive about this stuff at all. nothing proprietary. while both got hit today, they're going to be big beneficiaries now that huawei can buy semiconductors from american companies again but, and this is the big but, it's tough to recommend these stocks here. they have already had a tremendous recovery just last week micron reported better for the quarter and indicated they made adjustments to offset the china tariffs. at the end of the day, you should only buy micron or western digital if you believe the flash business is bottoming really hard. when i go over the micron call, they're talking about a bottoming year over year that is probably too far for most of you. so what about the teleco equipment companies? after listening to peter navarro this morning, i've got to avoid

them all i'm not kidding. they're all in the penalty box after what he said on "squawk on the street." if the white house wants to slow huawei's quest for 5g domination, this is the kind of stuff they're not going to let huawei buy let me give you one more that pulled back today severely that i thought was unwarranted. and that's the stock, not the dog, invidia. they're about gaming, artificial intelligence, machine learning, autonomous driving this company is trying to buy mellanox remember last year when china blocked qualcomm both stocks got clobbered. we don't want to see the same thing play out with invidia. and with the president dialing back the trade tensions, maybe in response to apple, i think there is a much better chance that chinese authorities will green light the deal no guarantees. but it sure makes inindividual i can't attractive here. what an easy way for china to show it's willing to play ball, and what a great opportunity, given the fact the stock was

completely annihilated today the bottom line, i don't want to downplay the importance of what was agreed to this weekend but the president isn't rolling back the whole huawei black list, just part of it. that's why i think skyworks solutions is the biggest winner and many companies who do business with them, the ones that jumped, they may not be winners at all stick with cramer.

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>> announcer: "lightning round" sponsored by td ameritrade it is time it's time for the "lightning round. and then the "lightning round" is over. are you ready, skedaddy? zach in california zach >> caller: thanks so much for taking my call i would love your opinion on gross rie alpha, kicker is go. >> i need to do more work. i've never visited one red-hot ipo i haven't been able to visit makes me ill-informed and i will not opine let's go to doug in new york

doug >> caller: yo! king cramer! doug from brooklyn how are you? >> i'll see you tonight maybe at the longshoreman what's happening >> caller: all right i'm throwing a big brooklyn boo-yah right at you i hope you get it. >> i'll take it. >> caller: my company is mass tech sticker mez. >> this is a plain vanilla utility fixup play they do a lot of stuff to just make utilities better. and it's a good buy! and i like your play brooklyn has got horse sense chris in mississippi chris! >> caller: yes >> you're up, chris. >> caller: first-time caller, long-time listener >> all right that's what i want >> caller: pardon me >> that's what i want! i'm embracing you. >> caller: okay. international paper. >> international paper i think it's going to miss the quarter. boy, that group is bad west rock is another stock you can't own. let's go to michael in new york. mike

mike, mike, mike >> caller: ba-ba-ba boo-yah, professor cramer >> superb, what's up >> caller: my ticker is arwr, arrowhead pharmaceuticals. >> let's do more work on that. i haven't looked at that in a while. it's been red-hot and there is a lot of rumors in biotech so, again, i mean, i know that's two i'm punting on isn't it better to punt than make up stuff? the answer is yes to that. let's go to drew in connecticut. drew >> caller: boo my stock is pepsico. >> he's taken the baton and advanced even further, faster growth rate moving up. i like the numbers bingo! pepsico goes higher.

you think i'm done, you're out of your mind let's go to betsy in california. >> caller: jim, thank you so much for teaching me how to do my own homework. >> yes, yes, yes >> caller: here's the deal i never heard you talk about this particular stock and in addition to mastercard, i wanted something with great margins, great dividend and great return. i'm talking about blackstone, bx >> candidly, candidly, here's what happened there. i recommended, recommended, recommended and then they announced that change in structure. going from lp to a regular corporation. and i said that was it i want to take the -- let's take the money off. that was a mistake it's going to continue to go higher thank you, stephanie link, for informing on that. i was too quick to take the profit stay in. listen, i got it wrong but i had a huge call. let's go to curtis in north carolina curtis >> caller: mr. cramer.

thank you for taking the called today in the land of the free and the home of the brave and a great 4th of july to you and the "mad money" team. >> wow yes! right back atcha >> caller: thank you, sir. i'm calling today about a small canadian company that's got my attention, the cannabis sector, called organic gram. >> i know it's interesting, highly speculative i can't necessarily say it's the one i would buy. i'm more inclined for you to buy chromis. and that, ladies and gentlemen, is the conclusion of the "lightning round"! >> announcer: the "lightning round" is sponsored by td ameritrade ♪♪ ♪♪ ♪♪

on a scale of one to five? one to five? it's more like five million. there's everything from happy to extremely happy. there's also angry. i'm really angry clive! actually, really angry. thank you. but what if your business could understand what your customers are feeling... and then do something about it. turn problems into opportunities. thanks drone. customers into fanatics change the whole experience. alright who wants to go again? i do! i do! i have a really good feeling about this.

♪ can we agree on something? can we stipulate that this market loves anything fintech? money managers can't get enough of any sort of payment processor. even if it's losing money! okay, take venmo, that peer to peer payment arm of paypal oh, love started out, venmo was free. now paypal added fees for users. nothing big, but enough to give the company earnings a real boost. this market loves this thing now, i bring this up, because there's a new one in town. yeah, there's a new fintech company. it's got payment processing. it's got kind of bitcoiny thing and giant scale and best of all, block chain! i'm talking about a brand-new company called libra, which is all the rage the bad news, it's owned by that all-time pria villain with a

tattered reputation, facebook. fortunately, it's cornered off from the rest of facebook and has 28 partners, including facebook, helping to change the entire narrative imagine if facebook can get a piece of the space, it would be huge and it will be sure, facebook is still in the crosshairs plenty of congress people want to rake them over the coals for their play to roll out libra to their 2.7 billion users. and to be fair, it does need to be careful that's how microsoft lost its beginning 20 years ago and yes, when it comes to cryptocurrency, the bulls have a bad habit of overstating arguments. remember when bitcoin was going to put central banks out of business so when you hear that facebook is going to liberate poor people world over who don't have bank accounts or going to help people in developing countries, i understand why you might be a tad skeptical. but libra doesn't have to go revolutionary to be useful however, the reason there is

opposition to libra is the very thing that makes it a big deal attached to facebook via its messaging platform for the legislators who are worried about facebook misusing your data, it might be alarming. but if you care about the earnings per share, that sounds like a pretty good story especially in a market that can't get enough fintech and, hey, ever since facebook rolled out the concept of libra, and really brought in white paper, it's become the big cap stock to beat this market. on good days it soars, bad days, it's unchanged welcome to the new world of fintech. it's facebook! you don't have to like it, but you shouldn't hate facebook and let that hatred get in the way of owning one real hot stock stick with cramer. just ok? (in dutch) tell him we need this merger. (in dutch)

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>> 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." ♪ whee! whee! my name is david mealy, and this is my wife dominique. "nique" for short. look at me! we live in tampa, florida, with our son austin, and we are expecting our little girl caroline in about two weeks. nique and i have been married for five years. i met her my very first weekend here in florida. i landed a job with actually two of the largest golf companies