until it reaches 75. >> are you on that >> steve knows a lot about that. >> final drad? >> soar industries. >> interesting. >> for a 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 trying to make you money. my job is to entertain, educate, teach you, explain it all. call me or tweet me @jimcramer that's it. okay i have had enough, right i keep hearing at today's rally dow gaining 77 points.

s&p rising .45% and somehow phony and engineer by the federal reserve, which means everything will end in tiers look, we definitely got a boost from the fed but it makes the whole move fake is ridiculous. when a day the s&p broke out above 3,000 hitting an all-time high i want to put the fed mandated bubble talk to bed so yes, it's true that the averages were looking -- it's true the average we're looking down before jerome powell gave dovish testimony how the economy is not in great shape. powell admitted the business is slowing. he's right although he probably should have mentioned the december rate hike played a role powell's speech made it clear the feds are cut rates if the economy keeps deteriorating and he's expecting to continue to deter rate the prospect of a rate cut

ignited the market today but you heard the same story from commentators that say it's all one big hot air balloon. practically a hydrogen filled zeppelin that's bound to crash in lake hurst, new jersey, when is a hinder berg the only thing full of hot air is the heads what the fed gives the fed can take away. we saw when powell created a bare market by tightening too aggressivity he thought the economy was accelerating and starting to slow down. look at the charts powell almost single handedly crashed the market at the time, i was screaming my darn head off warning him to change course but nobody said this is a bogus decline. it is caused by the fed. so you can wait it out and everything will turn out okay. these commentators act like all is well with the universe when the fed is hawkish and when the fed is dovish they pretend it an

anomaly or worse fine for powell to kill the economy but a problem for him to rest recollect i re rest recollect it. where? more importantly, one of the few benefits of ageing is wisdom i've been investing since the s&p 500 was at 87, not 1987 but 87 the price remember today it's 3000 i seen this process play out when the rate cut is the whole way. is impossible for my whole career, we've been in one gigantic bubble? can we really say that it's all been engineered by the fed and nothing else of course not. that's lunacy. so let me tell you why this rally is the real thing and i've got five reasons first and most obvious, there is an incredible thing about stocks, they -- we're all going to die it may be pieces of paper but you can sell them and take that money to the bank and you know what when you go to the bank to

deposit your winnings from the big fed-induced bubble, yeah, thank you. they don't ask you how you earn that money never once has anyone said you know what? the tell erwer window, i can't that money because you got it from alan green span a thermo nuclear -- i'm not done maybe you got it from janet yellen second, it's true that our stock market is being inflated by money from overseas. foreign investors are owning dollar denominated assets. some that's because central banks are all over the world aggressively debasing currencies so more and more money flows here you know what my response is who cares. we have a strong currency. the dollar is a magnet for money

overseas, so what again. a win is a win hey, by the way, speaking of central banks, they would kill for the so-called bubble that powell is giving us talking about uncertainty. people who make monetary policy want the economy to do well. it's not that complicated. sometimes they need to tap on the brakes but they are not some kind of new trutral reverie. when business slows down, they have to cut interest rates that's what powell will do he's not cheating. he's doing his job third, the game is rigged for stocks to go higher. give me a break. the fact is that inflation is so low in this country and demand for money is deteriorating so fast that bonds just don't give you much in return that means stocks, stocks with descent dividends are the only game in town fourth, i know the situation is far from perfect and in a perfect world i prefer for stocks to go higher. what is wrong because the fed is taking action to boost that

economic growth? if you thought business was going to slow down and you were worried about the market after what powell said, you should be willing to own and buy stocks because you're getting a jump on better times, and stocks anticipate better times. fifth, and finally, i am so sick and tired of hearing that it's all about the fed. yeah 2 for 1. sure, this sector in the asset -- sure, this sector in the asset class matter but if you invest in the best companies, you'll make money with or without the darn fed and if you invest in bad companies like levis, the fed can't take it there is more than interest rates. there is ingenuity, technology when you look at the top ten stocks that led us from s&p 2,000 to s&p 3,000, they are sheer raw brain power and technology at work in front of you like edgar allen powe's letter but the bottom line, will

you please save the darn bubbles for the bathtub for heaven's sake the dollars you can make in this market, well, let's just say those dollars, they are real and they are spectacular mike in new jersey, mike >> caller: dr. cramer, big boo-yah to ya. >> what's going on >> caller: jim, i'm 75 years of age and retired for the last 15 years. i would like your opinion regarding the purchase of 10,000 shares of symbol stwd. >> we think perry does a good job. we said the return is good, still yields 8%. stock is up big for the year but we're sticking with it i sanction the buy james in florida, james? >> caller: boo-yah big jim. >> excellent stuttering boo-yah, how can i help >> caller: i did what you said i read your books.

all my boys watch your show. i took 10% off my five best stocks and it's sitting in my bank now i'm looking at delta airlines, what do you think? >> i like delta. >> caller: should i throw the money back in the market delta has a good run if you want to speculate, believe it or not with fedex dellin dillon in florida, dillon. >> caller: hey, man, how are you doing today? >> well, how about you >> caller: good. i want to see your insights on nokia. it's one of the first stocks i bought i'm about ten cents under average cost and given the news about 5 g, do you think i should continue buying it

>> nokia is completely -- nothing. nokia is a second rate company with 5 g technology, second rate to waway that makes better and cheaper technology which is why this is a problem. stay away from knnokia. sorry to burst your bubble but it isn't a bubble. this is real the dollars you can make in this market are real. and yes, they are spectacular. on "mad money" tonight i'm on a rampage and you don't want to miss it. i'm giving you my take on the top ten s&p winners and a look back at the ipo class of 2019 to see which companies are worth considering and a stock that rallied more than 2,000% in the past two years and you've probably never heard of it i'll reveal et whenit when i tat tonight's homework. >> announcer: don't miss a second of "mad money.

follow @jimcramer on twitter and send jim an email to madmoney@cnbc.com or give us a ssll at 1-800-743-cnbc mi something head to madmoney.cnbc.com. woman: my reputation was trashed online.

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i'll say it again, stop fixating on the federal reserve. when jerome powell a rookie fed chief does the right thing like today, he's not somehow rigging the system in favor of the stock market he's simply creating healthy backdrop where the best companies can thrive like i told you before, when you look at the stocks that led us higher over the past five years, they hadn't been fueled by the fed but pure human ingenuity in the summer of '14, the s&p was above 3,000 and today hit above 2,000. the fed, the reserved interest rates nine times when the market roared higher in 2016, 2017, nobody expected lower interest rates don't focus on the fed

focus on the companies i know that sounds crazy when you're constantly bombarded with bubble talk. that's why i want to break it down for you consider the ten best performers during the run from 2,000 to 3,000. number one is a medical device company that makes tiny gadgets that prevent death they also make totally artificial heart replacements. over the five years since the s&p 500 broke above 2,000, abby med stock rallied 892% could you have caught that move? this was a small company back then but you know what you might have known about it if you watched the show when we had the ceo back in 2012 he was astounding. at the time the company reported one of the best earnings beats i've seen breaking the large profitability when most were looking for a loss how did they do it by building a better mouse trap, people true american ingenuity. a heart device better than the blue previous standard

like i said, inventedness, progress, this is what we're looking for. number two, number two is nvda up 722% because founder ceo and cool guy jenson wong is a genius with a brilliant team. remember when we saw them? how great was that they have the best chips for gaming, wide area communications and the data center. you think this one was hard to spot come on. when a guy is crazy as i am names his dog after a stock, and that's what i did with the rescue mutt known as everest now invidia you need to own the stock. number three is amd up 706%. this is another one we've been behind i think my squawk on the street host got sick of me praising

amd's lisa sue who engineered what may be the single greatest turn around i have ever seen both from queens by the way. my wife is from queens, too. worthless. now at least saved amd from certain bankruptcy and making chips and better and off the wagon and hitched amd here and after the monster multiyear sue federal reserve move next up, this is a tough one you might have missed it it's called amazon yeah am son is that the most obvious stock in history how many companies have not one but two holidays named after them amazon prime day is two days next week when everything is on sale and prices are insane when the s&p ran from 2,000 to 3,000 they rallied 490%. given prime has over 100 million members, this is hard to miss.

amazon reinvented retail and it's just getting started. number five obscure unless you watch the show market access up 487%. bringing electronic trading to the market we had the ceo on and praised the stock many more. it's benefitting for money managers that need financial expose sure love financial technology stocks like this one over owning banks. without that it's a great story. way back in the 80s we had to call around for a bunch of places to call bonds now use market access. better mouse trap. you know what is not strange the fact netflix is on this list up 456%. this is an invasion. i know people are worried they will lose too much program but netflix as a position that's the new way we watch television. you ever talk to the next generation as a cable guy, i don't want them cutting my cord so i'm begging to let me co-exist with

stranger things, none of which by the way and i looked this up were created by the fed. sixth, how long have we been recommending take two interactive during this run? the answer the whole time. that's how long. i praised the ceo and his team that brought you the single most successful video came franchise in history grand theft auto. since he proved that gaming was the next big thing and he's right. you're right if you listen to him. it's not like take two was hard to identify. i put him on the list since top ten guests since the show got going. i told you about thintech and said my good friend runs msci which is a revolving market? if you invest along with henry, you're up 409% and henry is not done yet i don't think -- i don't like investing in emerging markets, too dicey. i'm too concerned. too risky.

i do like investing in the tools that help other people invest in them now here is a tough one. i've said too many times we're in the selfie generation where people need to look great every moment because you never know when you're going to be photographed and align tech nothingnolo -- technology is up they invited invisilign. i told you to take profits in this one because of new found competition. turns out it's having trouble gaining traction, my bad finally at number ten there is global payments. i've been raving about the business we had business to business companies and pay ball on and dan shulman and how good is he it's one of the largest players and up 352%. fintech isn't hard to spot payments are harder to identify than mastercard or visa or american express

it's hard to identify if you cut the cord the bottom line, the top ten performers over the period rally from 2,000 to 3,000 aren't mysteries. we praised most of them repeatedly for invisilign, 250 years ago i went for braces and guess what in the selfie generation, it's time for a tuneup dan in new jersey, dan >> caller: boo-yah, jim. thank you for everything you do for us. >> absolutely. >> caller: all right my question is microsoft has a buy rating, shows it's somewhat over valued and at a 52-week high with the price target of 144. i was just wondering is now a good time or should i wait for a pull back? >> it's had a huge, huge run i said frankly, this has been monster good and i'm worried after this big run it will pull back even after it reports a great quarter and that is when you would pull the trigger, not ahead. all right.

the stocks that led us higher since the s&p have been fueled by pure human ingenuity so don't just focus on the fed for heaven sake focus on the ceos and companies and the technology focus on the winners and stick with cramer.

now that the second quarter is back and the ipo market slowed down, what we got to evaluate is the companies that have become public as the class of 2019 and shine a light on what i've thought of them. all year i've been warning the ipo cycle tends to deteriorate the longer it goes on. they start with the most enticing merchandise and lower and lower quality deals as time goes on. while the stock in the class of 2019 is up 9% from where a deal was priced, it's down 3.3% from

its first trade. that's cautionary, people. of course, there are huge winners beyond meat, medical, zoom video, revolve group have all more than doubled from where they became public up 554% at the moment and because we have accountability here on "mad money" we want to review how we've done let's go over the ipos we covered. there is 13 of them. the cycle kicked off in march when levi strauss and company became public. they reported a quarter that the market didn't like last night and got obliterated down 12% today. under 20 i'm not sure if i want to buy it after we heard from management second, there is a lyft debacle. they became public at the end of mad march and started going back toc. mid may it had pulled back to 47

and rebounded $62 right now, it's off the ties and below 75 but the stocks strength at the opening stock is thinking there is more demand than there was as churchill would say not my finest hour. i have concerns about the stability of the business. there are better places to put your money on april 4th we got a market place. the stock started strong and i told you it was cheap not long after it became public it's given the 31% gain. i still like trade web up here because it's a play on the continuization of trading. if you want a recommendation, i don't know, maybe ring the register on some but should have got a ride because it looks like market access and that's what i told you about at the top of the show fourth is pinterest, the social media network based on online vision boards. i told you it was worth buying if you get it on a deal but

otherwise hold off this was a little too conservative as the stock racked up niceli learly gains. ben is the ceo and told a very good story how the company reported earnings really numbers that weren't as and he's rightly in spending and heavily spending and went wrong here. of course a pull back, i meant and subscribe. fifth, there is the same dance picture and the hottest deals of the year, this priced at 63. i thought it was okay. i opened 65 and continued to go to 107 last month. we're finally pulling back to 92 and change today i was very worried about the evaluation of the get go which in retrospect was a big mistake.

turbo charge growth and genuine profitability and sales for next year's sales, not earnings i can't get behind anything that expensive or i'm afraid you'll get hurt cisco has a competing product which i think can get traction here, again, i reiterate, i was wrong about zoom video it's been a rocket i was too concerned with, too bearish, too cautious about the stock that's a good company and i hope they will go on the show. the same for beyond meat they changed the game when they became public and the gains are spectacular since they reported a blowout quarter. they have been bananas, people i've been cautious but this is a trump conviction business and my discipline tells me beyond meat is a cold stock. a cold stock that's way, way too hot for us to touch and my wife says they taste terrible i likethem as long as they are smothered in condiments and the

burger becomes public. how about uber another big one that became public after the lyft debacle, we were worried but when the stock got hit, it bottomed and performance is descent up 21% from the lows unlike lyft, they reported a solid quarter. i'm warming up again but i want to see another good quarter before i'm able to say uber is for real the service is for real. don't know about the stock yet next on may 17th, the chinese chain came from 17 to 25 i told you to be afraid when it was up in the 20s because the company was growing too fast for its good and given the stock plunged to 13, that was a good call and just under 19 as of today. th nah, i don't like it we've gotten a bunch of good ones that haven't changed. revolve group became public. this is an online fashion retailer opening at 25 and running at 37 today. running at 36 i told you away

from pull back and surged to 48 it quickly gave back gains and could have got $31 that's why we say wait for a pull back. now wait for a pull back to pull the trigger. you're getting these erratic trading in unseasoned stocks you'll be able to get a chance to revolve in mid june, crowd strike became public this is a cloud oriented company that had an explosive ipo surging from 34 to 63.50 out of the gate and kept climbing on june 19th when it was at 77, i told you it was too hot to handle i liked z scale or more. with the stock down that was the right call they are selling for more than 25 times next year's earnings but sales. it's too rich for me good company nose bleed stock chewy became public. this is another one that became public with the bang it dipped below 30 but hasn't gone below 30 and change this is a great company but the

pricing stock weird ownership is at 33 now and doesn't look like it will run away keep your bat on your shoulder and wait for a better pitch. they waited for a direct listing and moving sideways in the mid 30s doing nothing and people are excited about the collaboration software, i like it. it's another super expensive stock. it's worth buying under 40 i'm standing by that finally, one i'm very intrigued by, two weeks ago we got the real, real, the actual name. real, real which surged from 20 to under 29 on the first day if you remember, this is an online consignment store that's guarding like a weed, round up compared to recent deals, the reasonable evaluation roughly seven times sales expensive but 49% growth rate kind of reminds me of etsy worth a pull back of $22.50 for less i say be patient but i understand if you want to pull

the trigger, why because it's a really good company. bottom line with many of these recent ipos, you feel like an idiot for being disciplined. yes, i feel like an idiot when it comes to zoom or beyond me. that is meant if you're willing to forget or forgive traditional met tricks i'm not. i know it's frustrating. maybe you'll never get a buyout pull back but you need to realize sooner or later there will be a correction in the class of 2019 and when that happens, i want you to keep your composure. focus on your favorite names and be selective so you can view the sale off as a buying opportunity, not a calamity. robert >> caller: my question is about tufin software

i got it at 22 good revenues but leaves its money and i want to know if it's time to take profits or buy more. >> it's got every buzz and got clouds and fire wall and migration and it's a hot stock and it's a stock that is losing a lot of money and i got a ton of them like this. you know what? i prefer octa. some of these ipos made you a killing, what a market that will give you a sell off. keep your composure and buy some of your favorite names i just told you where the prices are good and many of the companies are excellent and stocks are too high. good news if the dog ate your homework, i did it for you does the wear and tear stock leave you with the blues after today's hideous drop and all your cars rapid fire tonight's edition of the lightning round so stay with cramer

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today, life-changing technology from abbott is helping hunt them down at their source. because the faster we can identify new viruses, the faster we can get to stopping them. the most personal technology, is technology with the power to change your life. life. to the fullest. whenever i get a call about a stock that i'm stumped by, i take the time to do the homework and then come back to you with a more considered opinion rather

than cuff it dave in arizona asked me about care dx, that's cda for home gamers this is a diagnostic company focused on helping transplant patients and find a better match between donations and help monitor patients for signs your body might be rejecting the chan transplant there is a need for this stuff that's why you can understand why it's a smoking hot stock this is a penny stock under $40, meaning it's rallied more than 2,300% that's an incredible move and includes 212% run in the past 12 months as much as i hate to chase stocks that have moved up so dramatically, the fact is care dx deserves these gains. two years ago they didn't have any products on the market and now have two diagnostic tools, pretransplant organ matching and post transplant monitoring and last month management gave

multiple industry presentations where they sounded confident about the momentum they reported better than expected quarters and scrambling to raise estimates and this is what you get after its epic run, when you look at the forecast for 2021, the stock which is how you value the growth stocks, stocking trading at 22 times. this is no average stock it's not that expensive. next year, banking with major growth and it doesn't hurt that the medical device cohort is beloved because these are the kinds of companies that can thrive in the slow down and it's one part of the health care industry that doesn't seem to be under fire for most of the democrats running for president. they have been unscathed it's a reason i like abbott labs and metronic i wish i recommend when dave called back trading in the low 30s. dave has horse sense but just under $40, i'm sorry, probably

won't last long. the stock dipped from 30 to 45 and erased most of the decline that's eye you have my blessing to put on a small speck lar position here and speculation be careful. that's what we learned next up on april 10th, dave in ohio called about orbc and i said i needed to do homework for chiming in orbcomm is a machine company about the industrial enter nate -- internet of things basically they track control in the hand security from trucks to rail cars to containers and power generators and fluid tanks, heavy equipment, you name it now orbcomm stock is a real, real lagger and you can see it was a lagger for awhile for a couple months. called the bottom here since the stock is up 20%. nice, nice

why is this one been breaking out. look, i get the appeal of the business they help companies keep track of the fleets of logistic assets and it's end markets are cyclic l. if you are worried about a worldwide slowdown as jay powell is, this may not be the best place to invest. got nine on the strength of the current momentum and orbcomm has a spotty operational record and doesn't help the company is not yet profitable plus when you get your head around what these guys do, they are in a similar business that we've talked about many times, zebra technologies and i can't think of a reason to buy them over the much better run zebra. if you like orbcomm you will love zebra technologies and at an advantage of zebra is extremely profitable this is a case you want to stick with the best. on april 30th, jeff of kentucky

called on one that's cool. i didn't know and that was my bad, it's called elastic we got not only one question but a question may 10th about this from fernando in new york. why do i know this one it's a touch co-- dutch company that helped reserve. this is a big move and not doing much but helps research large quantities of structured and unstructured data and you may not be familiar with the name but you've probably used the platform when you use uber, well, that's elastic software that helps power the system and locate nearby drivers when you look for a match on tinder, the online dating platform, elastic helps power the al la rhyti -- algorithms i used to not know anything about tinld der, i thought it started fires.

i'm no boy scout but i don't get it there was so much demand and because of the big fourth quarter meltdown, it pulled back to 58 and doesn't look as bad but people are saying be careful of the stock because of the chart. please come on. the stock roared to 100 in february and elastic poured and numbers were good but not good enough to justify moving the stock, the momentum guys didn't like it. since then the stock is marking time and showing signs of life in the last few years. elastic has been, well, an elastic trader they had trouble rallying where many newly public software stocks have been red hot i think part of the reason it has got slower growth. slower growth is a relative thing. this is growing at 47% last i looked that was good but it compares to a company like twilio and helps app developers growing at 70% clip elastic sales for 12 times and i

know, not earnings sales so nose bleed there is stocks like slack or zoom that have higher ridiculous evaluations but doesn't justify paying too much for elastic and i'm concerned they will see a pull back. don't forget while elastic hasn't had much traction, it became public and now in the 80s and most of the these gains came in the first minute of trading elastic is far from my favorite here but if you really like it, i'm telling you to wait. you'll get a better buying opportunity and it's best in show we own it for the travel trust i'd buy it up here as a spotartr position and hope it comes down as it does every so often because jeff lawson, the brilliant ceo isn't perfect but then again as we know, nobody is "mad money" is back after the break.

it is time, it is time for the lightening round buy, buy, sell, sell, buy, buy,

sell, sell then the lightning round is over are you ready? we'll start with walter in new jersey, walter >> caller: hey, jimmy boy, how are you doing? >> good, how are you >> caller: great i'm looking at this company small buyout tech armn. >> good. it would be worth much more than the stock itself i say speculative but buy, buy, buy. paul in texas, paul? >> caller: boo-yah jim is my stock a buy, mtlx. >> these pipeline companies are painful but moving up. thank you for charting these to me i'm literally going to stick my neck out my god i hope not and say it's okay to own let's go to michael in florida, michael? >> caller: hey, mr. cramer big south florida boo-yah to you. >> nice. >> caller: thanks for everything you do. >> thank you. >> caller: i want to talk to you

about a biotech stock. i know they got hit today but they got an fda -- they have a patent on a cbd drug for autism. it's in clinical trials right now. there is a lot of insider buying they have the fda fast track approval eyne. >> a philadelphia company. very interesting you know i'm a gw pharma guy i understand that's accident but going with gw pharma chris? >> caller: boo-yah. >> boo-yah. >> caller: my stock is snider national they aren't doing well. >> they aren't the trucking company has la j t logistics issues ups has come down. i think both of those are

better let's go to dee in virginia, dee? >> caller: boo-yah, jim. >> oh, wow, i like it. >> caller: calling from virginia beach. >> these people have sets. what's up? >> caller: we are celebrating our 11th year wedding anniversary here in virginia beach and our day wouldn't be complete without our favorite show "mad money. my husband says money never takes a break so we're calling to see what you think about planet fitness. >> these people -- how great is this they call i'm talking to them. planet fitness is te nesnes neny have a deal with target. they have a great business model and winners. i need to go to curt in florida, curt >> caller: greetings from fort myers s florida where the weather is warm and so is everything else. >> my wife wants me to move there. interesting. >> caller: you'd love it.

>> what's up >> caller: i'm holdi ing allergn and if i sold today, i would take a loss. >> it's time you want to hold until fruition? i don't know let's go to nirmeet in new york. >> caller: mr. cramer, how are you? >> good. how are you? >> caller: excellent i just have two questions, question number one, disney's all-time high and looks to buy for upcoming and second question for amazon prime bring any good news to amazon stock >> i like amazon amazon and disney are charitable trust stocks forever i believe in both. i don't want to trade them yo you have to own them and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by t.d.

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just because you love the product, it doesn't mean you should love the stock. i love levi strauss. you're dressed for a lack of

success with it plummeting 12% today on hideous guidance. levis came public on march 21st. the first belig deal of the yea and primed the pump for the big ipo cycle. levi is the company has a storied history and kicking around since 1853. it has terrific management we had on the show chip burg, ceo seasoned executive so it made sense why the stock immediately went to a premium after pricing at $17 it spiked up to $22.20 at the open and closed at $23.66 big success. they were trading at 22 times earnings which was more expensive than the average apparel stock, not totally unhinged but this was a rookie stock even though the company had been around for more than 100 years and the first quarter of the gate, maybe that justified the valuation and levis did a great job but the quarter reported last night, the market decided it was a bomb. maybe not a nuclear device but i would say it was a loaded

cannister. if you look at the headline number, sell off might seem like a reaction the forecast was better than expected, technically even though they did talk about a meaningful sales slow down but if you want to know why everyone dumped the stock, it's because of the customers of levis, especially the customers in the united states. looks like america is over run with denim department stores have way too much and sales were up 1% and company had a 2% decline and perhaps the most important channel and the very thoughtful cfo explained on a conference call, the u.s. whole sale decline was attributed to the bankruptcy some customers experienced over the last year and a decline in discounted sales to the off price channel some of the customers are going out of business or rapidly shrinking store count and that is not great

worse, levis expects growth in the second half to moderate relative to the first half particularly in the u.s., ouch worst of all, though, let me read you this next snippet from the call remember, i tell you to listen to the call before you do any investing. quote, we anticipate pressure in the whole sale channel were adversely impacted by roughly 200 basis points in the second half due to the bankruptcies an door closures since a year ago the whole sale environment and lower off price channel sales end quote, awful all this for a company with better than expected guidance. maybe they can be saved for overseas business like china not so fast. they are about 3% of the business that won't save nything. it's not like this is a great time to be an american company anyway don't get me wrong it not their fault that american department stores are getting clobbered and when levis became public, it was hard to tell how tough their customers would have had it not a lot of people saw this but

frankly, the stocks sale off i think has more to do with shareholders than the company itself levis makes excellent products, right? don't we love this look. some of us love it the shares should never have been so expensive in the first place. what the heck was this trading at 22 times earnings with a weakening customer base and retail environment levis did itself no favors here. they could telegraph weakness before hand and given us a better sense of how they might fight back let me put it this way, when you need to say something like so we do have a strategy, end quote, that's not reassuring. ultimately, the fault is in stars and themselves it's a shakespeare tragedy, not a comedy, not when a stock is down more than 12% in the day. bottom line, levis the stock, not the jeans should be lower. hence today's decline but the big take away is levis is foreshadowing what is going to happen to the entire power

industry when a world when amazon, target and costco are thriving at the expense of everyone else. they have pricing ower they have clout and are using it against the suppliers. that's bad for levis but bad for evening else who sales into retail, too. stick with -- got to return these jeans, cramer. apr for 60 on all 2019 models. experience amazing at your lexus dealer.

the chief take away of tonight's show, it's a dodge if you sit on the sideline and say it's all phony there is money to be made. it's not always good, easy, tough, it can be risky and all sorts of things but one thing it isn't is phony there is real money being made and if you're on the sidelines because it's one big bubble, you're missing great opportunities every single day of your life and that is not what i want. always a bull market somewhere, i promise to find it on "mad money. i'm jim cramer, see you tomorrow

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