>> dan. >> twitter, i think this one has been range bound buy it towards the mid 30s and see a breakout later in the year. >> steve. >> nordstrom has gotten to the point of absurdity. >> how so? >> that does i 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 want to make you money my job is not to entertain, but to educate, teach and put it into context call me at 888-825-5225 or tweet me at jim cramer this has suddenly gone completely schizophrenic

which is how you get to the dow today where it lost 129 points, 5.3% of the nasdaq nose dive 1%. but the first two weeks of earnings season things were pretty straightforward sure this economy might be slowing down, but the consumer was doing so great backed by a strong job market, higher stock prices and i have to tell you, it was offsetting any industrial weakness >> hallelujah. >> this week it's a totally different story. the markets no longer on its meds while two-thirds of our economy is consumer oriented indeed, the other third has gotten so bad so fast it's crying out for some kind of government intervention. that's what caused today's weakness because the non-consumer economy is plain worrisome. tonight we're speaking to electric power that's the largest transmission power company in the whole country. if you're trying to get a read on the economy, there's nothing better than getting the power datd a it took my breath away when they

said the biggest economic head wind we have at this point is the impact of the trade war on the businesses in ap service territory, end quote he continues, quote, the increasing number of tariffs from goods beyond steel and aluminum have impacted export manufacturers in our service territory. certainly the trade wars have weakened the world economy and caused the strengthening u.s. dollar to cause even more of a hurdle i'm going to ask about this change when he comes on the show later. you need to know it. it caused a dramatic 4.6% decline for the companies in his area that are non-gas led. that is stunning these are companies -- hey, do you know that the steel is down 1% in power use. that's what the tariff is supposed to protect. i hope j. powell, the fed chair, needs to recognize what to do, check out aep, the largest transmitter in the country if he talks to them he'll understand the tariffs are

decking part of the country. you know i've been a supporter of the trade war with china. it is time this is still the best moment to crackdown on their deeply unfair practices and i knew there would be some short-term pain, but holy cow, a real doozy you have to wonder how long that can last if the industrial economy is experiencing such a severe slow down it takes two in the trade war. having listened to the conference calls in the trade war, china is getting hit much harder than we are the conventional media will not cover this story i want you to look at 3m this morning when the company reported, premarket trading, once the comps are digested it shed those gains and then some why? i think 3m is slowing down in china which had been their savior for so many years i'm used to hearing venezuela is a big drag maj maybe argentina, brazil, turkey. i never thought china would be the source of weakness it's become -- it's a given.

listen to what 3m cfo nicolas had to say he pretty matter of factly told us, quote, for the year we now expect organic growth in china to be down low to mid single digits versus the prior expectation of flat. as we continue to experience challenging end marketing conditions particularly in electronic and automotive industries end quote. low to mid single, china china. that was the savior of american industry electronics and automotive isn't that why all our companies moved there to sell? it was president just coffee, right, wasn't just kentucky fried chicken. it feels bizarre canada and mexico are much better than china. brazil, the new. here's the thing about the slow down if it pressures the chinese government to make a deal that's great for companies. if china digs in and takes the pain that's a problem for the rest of the world. their pain is not our gain we've seen this across the board. yesterday caterpillar disa indian point pod even as management maintained full year projections which allowed the stock to bounce back

china is now becoming less than 10% of their book of business. that's a god send. can you imagine a machinery company -- then there's dow chemical i used to recommend the stock in part due to china's festivity-growing economy, the need for plastics in china while they had decent items in the p.r.c. that they sold, polyester sold to you, pal, c.e.o. made it clear the chinese economy, i quote, having some big pressure right now, end quote. u.s. dow business offset the chinese weakness allowing them to make the numbers. the stock got pummelled. in short, china is in terrible shape. how terrible get this later tonight -- i didn't set the show up like this. sounds like i did. we're going to talk to line technology it's plummeted 74 bucks, 27% u.s. business is cool, but the real source, real source of weakness tougher consumer environment in china. it fell off a cliff. you hear joe tell you china fell off a cliff and they're not getting their teeth straightened

for heaven sake. c.e.o. of royal caribbean will tell us a similar story when it comes to cruise lines. i wonder how long the chinese can ignore it. of course, it's not just the trade war that's got me worried. for years aerospace has been one of the greatest secular growth themes of our manufacturing. we heard from boeing the delay for the 737-max problem continues, they may need to stop production that used to be the number one plane. boeing makes up a huge chunk of american manufacturing capacity, i should seri maining capacities if they have to halt production that could shave half off our domestic product there is nothing the fed can do to stop it tesla got hammered today, down 13% on weaker sales. conference call was other worldly. given the demand story elon musk traced out and the war chest he's sitting on, the stock is down 36. how much confidence comes from potential sales in china i don't know if he can still count on all right, tesla is not a ford

still a car, though. the chinese numbers we got from ford were atrocious. these days you can't count on people's republic to buy anything except coffee starbucks same store sales astounding 6%. that's a good sense of priorities, chinese. here's the irony you know what was the star of the whole day, i'm including after hours? no no this is like me and faber. i did this with faber. i ask him questions. so, david -- it's alphabet alphabet, which is soaring in after hours trading because of a gigantic earnings beat you know what the greatest part of alphabet is they are not in china. for how many years do we have to hear that not being in china hurt them? this time it's a charm we know their pocket is strengthening the economy. big box spending continues unabated although amazon, after a big run up better than expected quarters, took a breather tonight because of heavy spending cycle i told you was going to kick in when we get the game plan. most recent mortgage application decline, low single digits housing is still pretty good

the industrial economy is so weak j. powell has plenty ammo to justify cutting interest rates. if the president rolls out new tariffs on chinese import, 300 billion, one rate cut will not be enough. here's the bottom line, people arksz i've been saying, we have two economies in the country the manufacturing economy and consumer economy for the moment they are very out of step with each other. the former doing badly the latter doing well. this industrial weakness is a serious problem. it will not go away unless the fed steps on the accelerator only offset the weakness, along with the air pollution from china. jeffrey in washington, jeffrey. >> caller: bouye i can't from seattle, jim home of jwn. >> that's right, i forgot, that was on the 52 week low i have to get a new address. what's up? >> caller: internet sales opened in new york at the end of the year, dividend over 5% now do i need to buy this thing or hold onto it >> look, my charitable trust owns kohl's and that is --

>> the house of pain >> and you are talking about a complete housing complex of pain i'm going to say stay away from nordstrom. look, the days of nordstrom is great and it may be waning, get a pop up to 36, but that's not what we're about no now we're going to kevin in california kevin. >> caller: hi, jim, i'm bonnie my son kevin has a question for you. >> sure. >> caller: hello, jim, booyah. thank you for taking my call >> of course, kevin. >> caller: we're big fans of you and your show. >> thank you >> caller: i'm ten years old and i'm from burbank, california i'm looking for another stock for my portfolio for college so what do you think of dunkin' donuts after the deal with beyond meat? >> i think dunkin' donuts is doing pretty well. the deal with beyond meat, i had the sausage and i tell you it's killer i really, really like it not enough to move the needle, but for a 10-year-old, a long time frame, long time horizon, i

think dunkin' donuts will do fine beyond meat is too hot for me. you know what, kevin, give me a burger, a beyond meat burger they were selling beyond meat hot dogs in front of the stock exchange let's go to amy in michigan. amy. >> caller: cramer, booyah! thank you so much for helping women to invest. >> yes >> caller: yes i am two months new to the market and about ten days ago i picked up snap it was a tip from the younger generation, my ex-millennial boyfriend. i like the concept, i like the chart, and it filled two of my criteria management, i was impressed at evan speak l walked away from a $3 billion offer from facebook and innovation i only want to be involved with highly innovative companies. so my question for you is should i hold it, will the run continue, what do you think of the stock? >> amy, i a completely agree with you on everything you said.

innovation on the conference call truly i'm going to see evan spiegel. he hasn't invited me i'll be a stalker, i know how to do it. that was a great quarter i was blown away the stock didn't go to 20 as it should and as it will you are doing real good work how about our callers? how smart are they they make me feel like such an i understand yot when alliant technology comes up. line, vis-align. it's a tale of two dichotomies consumer dichotomy and fashion economy, dick ons dichotomy. will they stand? we know what happens to a house divided. a puzzling quarter for the second consecutive what's up with that? i have the c.e.o yikes, they make envis align don't bolt just yet. i've got the c.e.o. of a.e.p.,

up more than 20% for the year. what is going on stick with cramer. >> announcer: don't miss a second of "mad money." follow at jim cramer on twitter. have a question? tweet cramer #mad tweets send jim an email to madmoney@cnbc.com. or give us a call at 8074cn1-0-3-bc miss something head to madmoney.cnbc.com. your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish.

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what's going on with the cruise line stocks royal caribbean is the second largest player in the space. the last time the company reported, it came in better than expected, but management cut their full year earnings forecast the second quarter royal caribbean did the same thing they post the 9 cent earnings off 2.45 basis sales up 20% year over year, net yields what they're making from each passenger came in higher

than expected, a strong quarter. they cut the full year earnings forecast, the mid point of the range down from 9.75 to 9.60 despite the fact royal caribbean is up for the remainder of 2019, continuing to set new records. what gives why is management being so cautious especially with the stock has 15% gain for the year? let's go straight to the source with richard feign, chairman & ceo of royal caribbean welcome back to "mad money." >> hi, jim nice to see you. thank you for having me back >> of course richard, i was a little confused business is pretty fabulous. you are doing everything we'll talk about it in a second. there you go, you start talking about the r word you're talking about recession of course -- i thought you were more down beat than your business this time and i'm trying to figure out whether i should be more cautious about royal caribbean. >> you know, we have trouble understanding it, too, because our business is just doing fantastic. our brands are knocking it out of the park. we raised our guidance

we raised our actuals. i think somebody needs to takes a cruise >> i think you're right. i think they ought to go to the galapagos, which i thought was unbelievable they might have a perfect day. these are two brilliant ideas. i want people to know what you're doing because it's very inventive. >> well, you know, innovation is part of our dna, and i'm really proud of our people who keep innovating and the results is every year for the last ten years, we've raised our guest satisfaction. we keep raising our yield expectations we keep producing better earnings i'm not sure what the street did today, but i think the company is going to keep doing the right thing. it will payoff >> i know that you were joking, even in your commentary about how there's a ball bearing manufacturer who is talking about experiencial my wife went on the galapagos cruise it's her favorite cruise, she happens to like cruises. this to me is the kind of thing

genx, parents, millennials must be taking together my wife said this is the most exciting cruise in the world >> it really is. you know, we actually got there originally -- my daughter lived in the galapagos for a couple of years. it's such an amazing place it changes everybody's lives but it's just one of the many kinds of itineraries we offer. people are loving it >> let me ask you about the oddest one i know people took the cruise to cuba people tell me, you better do it now because something could happen i didn't know it would be open to everybody did you wake up one day june 5, june 6 you couldn't go >> technically yes in point of fact, the administration had telegraphed they were considering it we thought that if they did something, they would do it with some lead time and unfortunately they didn't. they just said on june 5 that you can't go there on june 6 and, of course, we had to abide by that. so that was a big hit.

but it was a bump in the road of -- i've got to tell you, a really wonderful road. >> now, you made good for everybody, but it sounds like people were wanting to go to other places it wasn't like anybody seemed angry at royal caribbean >> no, we took proper care of our guests that's very important to us. the reason we're doing so well is we keep wowing our guests we keep exceeding their expectations and when something does go wrong, we do our best to mitigate that. and here we did the same thing we've repositioned the ships we've moved people to different itineraries. we compensated them when they had to make some changes in their schedule and so, yeah, the reaction from our guests was actually in terms of what we did was very positive still disappointing to them and to us, but at least we did it the best we could. >> you've also, i think, been at the forefront of ecology and environment. and i want everyone to know that you use -- new ships are lng

talk about what you're doing, single-use plastic, zero emission fuels these are important to millennials, important to gen-x and important to you >> they're important to our people and that's why i think we've been so successful by the way, the whole industry is working hard to do a better job on the environment i'm very proud of what the industry is doing. i'm very proud of what our people are doing adding lngs to the ship, the elimination of single-use plastics is a real challenge, but it's one that we've undertaken and we're well on the way of it's also -- it's not just on the ships. it's sustainable food sourcing, sustainable tourism. we really, you know, this is an important time in our world's history. we're faced with really a challenge of epic proportions with climate change, and i'm really glad to see so many people taking so many actions to try and move this in the right way. >> well, you go contrary to a lot of wisdom.

doing that, i think that's terrific example, you say china, the respect of the seas, people would say normally you shouldn't be there, but you were not afraid you're a pretty bold guy how is that working? >> well, you know, it turns out it's working beautifully remember, as you well know, we're a very long-term business or it's a highly capital intensive business we need to think three or four years out. right now the chinese economy is suffering, but starting really four, five years ago, we really ramped up our efforts to get the message out better, to get the distribution system, to understand better how to sell our product. and the result is that even though the china economy is obviously faltering, we're not we're having a record year there. it's much better than last year. it continues to improve. we brought up more capacity, we're filling the extra capacity and filling all of it at better pricing. it feels pretty good to me >> all right now, richard, it's

a new show and it's an economic show i have to point out in light of the recent tragic events on one of your ships where a toddler fell from -- terrible thing, toddler perished on the ship changes in protocol, how do you make sure that doesn't happen? >> so, i mean, that is just so heart breaking it's just an amazing event but i think that we take this very seriously we have amazing protocols in place. we have a very strong process for doing it and i think we have acted properly and we will continue to do so. in terms of what happens there, actually, we are working with the prosecutors in san juan and they will be completing their investigation we hope fairly soon >> in other words, they're looking into -- on behest of the parents, that's what they must do in a suspicious death situation? >> i think the authorities quite

rightly are investigating everything our job is to support them, but not to comment >> excellent, i understand exactly what you have to do. and i want to thank you for coming on the show that's richard fain, chairman & ceo of royal caribbean excellent quarter, don't understand the stock, it's a buy. stick with cramer.

sometimes it can feel like an individual stock helps. six weeks ago i told you stay way from alliant technology. as much as i love the product, i was worried about new found competition. i thought the stock was too risky. then i watched with horror as alliant shares caught fire mid 240s to 340. i told you i've been wrong i apologize. wow, jinx, snake bit maybe we why just early. when align reported its latest

results last night, the company delivered a seemingly strong quarter. more modest revenue beat management's guidance the next quarter with was far lower than expected and the full year commentary was even more discouraging they previously predicted 30% revenue growth, now they're saying it can come in at the low end of the target. because it's a high flying stock, when it went from 2000 to 3,000, s&p is down 27% today can they bounce back or is it a broken company let's check in with joe hogan, president and c.e.o. of align technologies we'll learn more about the quarter and why he's guiding for a slow down the second half. mr. hogan, welcome back to "mad money. >> hi, jim thanks for having me back. i appreciate it. >> all right, joe, when i see a stock clock like this and i have an executive on, i give you the floor to tell us why the stock might be wrong because i think to you, it is. to you >> jim, i broadly say this is about china. if you look at the quarter, we had terrific growth.

we had overall international growth in europe of 39%, in apac about 34% overall. but china is our second biggest country in the world we were expecting about 70% growth out of china and we achieved 20 to 30% that was broadly the miss from an aligner standpoint in a quarter. it's not a competitive issue, jim, it's not an operational issue at all it's basically a consumer backlash right now we feel from a standpoint of making decisions ongoing ahead with aligners or not. it was broadly a china miss. i'm still optimistic about the market in general. what's in front of us from a growth standpoint. >> let me follow through on that estee lauder has a new china business that is looking good align is looking good. their chinese numbers were stroe extraordinarily strong i know you missed the competition. a competitive outfit in china, angel align, are they taking

share? >> you know, i was just over in asia last week so i was with my sales team there, jim. we don't feel there is any share shift between angel and us it continues to be good competition, but no movement in overall share. we feel we're at the higher end of the market place, higher end consumer side. in specific areas of china is where we felt this >> you did say in the call you showed some leg that july might be a little better i was wondering whether that's u.s. and china or just u.s >> no, it's actually u.s. and china, jim as we rolled into july, we've seen stronger orders out of china. we've also seen stronger orders out of north america, too. you know, jim, we're broadly going into teen season it's teen season in china, teen season in north america. the demographic is a little different. we think it's selective because teens are slated to have the treatments and the parents want to meet that time frame. >> let's talk about price

selected we went onto the web and took a look at smile direct club. you guys know better than anybody. and they had some pretty low pricing. 1895, $1 shl,895 maybe direct to consumer competitors have tipped, a tipping point where they are now much more powerful than they used to be >> you know, jim, it's a different part of the market place and a different model. we're only 10% penetrated in a orthodontic market we have a huge amount of growth there. smile direct competes on the low end. they have a viable product line, whatever, but it's an area where we have product and we can compete through our doctor channel. so, you know, overall, jim, i feel like we have a good position, you know, versus them. and our doctor model in treating patients rather than going direct >> how about these dental service organizations? the bears on your stock tell me between, say, dana hearst,

shine, 3m, that they all come in and they get these dental service organizations to compete. they bargain and you get hurt. on the call you don't think they're a bad influence on your pricing. >> no, we don't. what we do is we don't sell what i call comprehensive products to our dso partners, and we work really closely with them on certain product lines that fit in that area those dental service organization organizations, it's hard to duplicate in that sense. the hygienist chair is where you see a lot of these patients and where we want to be able to use our visualization technology the scanners were up 8% in the quarter. to be able to show patients how their teeth look after the orthodontic procedure. >> so, joe, i've listened to every one of the single things you say. i come back and i say this you've got $765 million of cash

equivalent you've got 183 is overseas, but there's 582 million that's right here you brought back only 161,000 shares in the quarter. why not take half of it and just go into the open market and buy what july is doing, two, knowing the chinese can't stay way from this too long given the fact they are fascinated by align >> well, jim, you know, we are positioned well right now. we have $400 million left on what we're allocated right now from a stock buy back standpoint we'll certainly take advantage of that. >> how about you personally, joe? you're an aggressive guy, you love your product, i know you do is this the opportunity that someone like a joe hogan says i know this is an over reaction, i'm in >> yeah, i think you'll see that also, jim. i do because, you know, jim, i want to emphasize a few things. look at the business overall we grew 39% in europe. 50% in france. 50% in spain

35 in the u.k. japan we grew 50%. taiwan 70. brazil we're over 100% there's a broad-base growth story here i have to do a better job and the company has to do a better job of getting out it's not necessarily a competitive story, it's an opportunity story for us overall. >> it remains something the dentists know they need in order to make a good living. >> absolutely. the idea that a dentists aren't straightening teeth in some manner is kind of difficult to believe. but dentists and orthodontists can survive together by orthodontists doing the difficult patients and dentists doing the less severe cases. it's the way i think it works really well, jim >> i'm glad you came away from the show you don't shy away from anything other executives say it's a bad day to come out. i want to thank joe hogan president of align technology. great to see you >> thanks, jim, you, too >> i like i guy who says he's or hints about it, certainly buying

back stock and maybe buying stock in the open market maybe this one comes back. i was wrong last time. jinx, you have to make the decision "mad money" is back after the break.

the utilities are putting up some tremendous performance. even though this is the ultimate slow and steady cohort, their stocks have caught fire because they pay big fat dividends at a time buying yields have plummeted. if you're looking for income doesn't get better than the utilities. give them the ten year if you're looking for income we've arrived at a weird place on the one hand this is the group to own if you're worried about an economic slow down. when the fed starts cutting rates, it's going to breathe new life into the economy and that may cause a rotation away from the slow and steady utilities into the sickcyclicals we talke about at the top of the show american electric power is one of the biggest in america. with weaker than expected revenue, 3 cents beat over 90 cent basis, the stock pulled babbling half a percent, this is a utility. l up 19% from 2019 it remains my favorite one

because of its diversified book of business. can a.e.p. maintain its mojo let's think deeper with the chairman & ceo of american electric power learn more about the quarter and where his company is headed. welcome back to "mad money." >> great to be with you, jim >> all right, nick, i've got to tell you, this was the quarter i think really did per son identify america right now it seems like the consumer is doing well when i look and drill down into your industrial sales growth, it does look like things are happening underneath are quite weak >> i think there's no doubt that the tariff wars that are going on are starting to have an impact from an industrial standpoint and when you look at our service territory, it does have an impact but there again, that's not the only catalyst for growth for a.e.p. so we have to consider that as well >> if we put oil and gas back in, we get a different picture i know that caterpillar was very worried on their call whether oil gas and spend is going up. you talk about pipeline spend. you talk about pretty much an

aggressive part of the economy is it strong enough to offset what's going on with the tariff-related businesses? >> oh, i think it is, there's no question we did report for this quarter lower, lower load as a result for the quarter. but we also said the second half of the year we expect further expansion in the industry, particularly with new facilities and expansions that make up for a majority of that loss during the rest of the year so -- and we know of those expansions coming online so that work continues all process remains reasonable and gas infrastructure continues to get built so those are true positives for our service territory. >> i think that our viewers who are not familiar with how much electric use there is from a big factory or big, ay, plastics plant need to hear from you. when american industry builds a gigantic natural gas liquids -- you know, whatever they call

them, trains gigantic export facility that uses a lot more energy than, say, 10,000 homes. >> oh, absolutely. there's no question it does. actually, you see what's going on in the gulf area, particularly as it relates to texas on the gulf coast where we serve. we had yesterday a large metals manufacturer announce an expansion and a new facility just near correspopus christy. you're seeing those things being done near the coastal areas, but also you're seeing growth in texas and oklahoma from a substantial standpoint with these new facilities so they are consuming energy and we'll be there to serve them >> let me ask you about that my power went out three times in the last two weeks how much -- because it was hot, because it was rainy my was not atypical. i only mention because i file on new jersey.com, there is a great map that shows outages electric power, i think there

has to be something like that. you are talking in your quarter every single quarter how much money you spend just to maintain your network how much turn light on it goes on do we have in a.e.p.? >> absolutely, the industry and a.e.p. is no exception, we're in the massive effort to rehabilitate and refurbish the grid, particularly to take care of times like just last week with high/low during high temperature periods and low temperature periods. we have to make sure the system is prepared for that certainly as we look at contingencies on the system where we have outages, we have to believe able to respond and respond quickly. so that is an effort, actually that's one of the catalysts, major catalysts for growth in the utility industry if you want resiliency, reliability, and certainly from a cyber and physical standpoint, those kinds of investments have to be made and that's what is going on around the country at this point in time, but a.e.p. obviously

benefits from that because we have the largest system in the u.s. >> one of the things you also said, i thought this was the best line i've seen -- i didn't put any music quotes in this that i can see, maybe you snuck some in. you said, we are also moving forward with the clean energy investments that our customers have told us they expect from their energy provider. they expect. how do you hear it, how do you know it, and what does it mean for your budget? >> we certainly do a deliberative polling of our customers. we hear from investors as well not only the esg community, but certainly in terms of investors looking for de-risking of the company going forward. so as you look toward the future, moving to a clean energy economy is a smart move for any regulated utility especially when it comes to cleaning up the environment and emissions. that is an opportunity for us to continue to invest that's why you're seeing the investments being made particularly in renewables where

we filed additional notices for the building of new capacity in several areas, and we also have acquired wind-powered resources and solar resources from around the country. >> last week for regulatory approval you filed to acquire known 1,084 for renewable energy arkansas, louisiana, oklahoma, texas. when is a time, nick, that would be a burden and be very expensive and as the prices come down because of american technology >> there's no question prices are coming down. and also because there is a moderation and that's why i talk about optimization a lot in our business we don't need as much capacity but if you can put capital investment to work to reduce energy prices for consumers, they wind up being a positive across the board so it winds up being a win/win for not only our customers, but our shareholders as well, and renewables obviously provides

that benefit >> well, look, as always you've been giving your shareholders a fantastic return that's why we've been sticking with you for years and years now, nick. i want to thank you so much for coming on "mad money." great to see you, sir. >> absolutely, great to see you, jim. >> 0 okay, that's nick ache inches, president and c.e.o. of american power i want it to be interesting because i want you to own the darn stock "mad money" is back after the break.

>> announcer: lightning round is sponsored by t.d. ameritrade >> it is time! >> buy, buy, buy >> and then the lightning round is over. are you ready, ski daddy chris. >> caller: hello, mr. cramer, how are you? i love your show i need your advice on my stock, is it a good company moving forward? should i buy more? >> hold for now in the penalty box. why is it in the penalty box they missed the quarter so badly last time, i think to wait a full quarter to see if they can get it together the economy is good but the business is not. let's go to betsy in

california betsy! >> caller: hey, jimmy, second time call early. thank you so much for everything you taught me how to do. i have a stock that actually sort of proves what you've been saying about autos, except it doesn't. my stock, jim, is the 17.2% grower with an 11.19 p.e. and it's up over 75% this year it's lithuania i can't, lad. >> my daughter lives in/near medford. we have marvelled as we've done business with them how great they're doing. it is a total outlier, fantastic company, fantastic people. the stock goes higher. let's go to nick in connecticut. nick >> caller: hi, jim, how are you? >> i'm good, nick, how about you? >> caller: good, thank you i called you about four months ago about epa m systems and had to do some more homework i had a small position and after listening to you and doing

homework, i bought more and i'm very happy about all of that and hold it. >> excellent >> caller: the reason i called tonight, another company i haven't heard either, i have you pronounce it -- ayx. >> i'm glad you called i was hanging out with carter last weekend we were talking about how amazing this company is. it has wiped out excel i want to learn how. it's bad-as software that stock is going higher it reminds me of cramer family fave, alta let's go to lamont in tennessee. lamont >> caller: jim, it is your number one fan in nashville. loving everything you're doing you are the big j.c., and that's not jesus christ this time, but you're still the big guy and i need you to come down to nashville so i can show you around, you can stay at my airbnb, get some princess high chicken and i'll take you to

shelton or jason aldean. >> heading to nashville now. do you guys mind when i finish the show -- okay, i'll finish the show first i like the titans, too remember coach boones. >> caller: my wife sharon and i are putting a 5g play to our retirement plan. we kind of want to know a little more about marvel technology -- >> marvel technology, the chairman is rick hill. lay of land, remember, he sold novellus the land. i've got to tell you, that is the number one 5g play on earth, better than xilinx my charitable trust has been buying it, i wish we were bigger scott in florida, scott. >> caller: hey, good evening, mr. cramer >> how are you >> caller: i'm well, i'm well. hey, love your enthusiasm and your dedication, man got one question for you, though what's going on with crystal

biotech? my position -- >> honestly, i have to admit i don't know krystal biotech i can opine on crystal burger. hate to end on that negative i have to do some work and that concludes the lightning round. >> the lightning round is sponsored by t.d. ameritrade at. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade

in a wildly inconsistent

earnings season, there's one big bright spot. giving you the name right now. i'm calling it btf, better than feared when companies report numbers that are even slightly better than most analysts were afraid of, their stocks jump like mad exhibit a, this morning bristol meyers, it delivered a btf quarter. the stock had been under a lot of pressure. wall street worried it might be a buzz the company's key cancer drug keeps losing share to merck's keytruda numbers came up better than feared it's still growing, and eliquis, huge blood thiners, taking share all over the world, those sales were off the charts. that's why that stock rohred 5% today. this was all about btf to put it another way, i don't know a soul other than myself who believed that bristol meyers

would even meet let alone beat and raise the forecast that is's what they did today. this evening we got a fabulous btf from alphabet, parent of google, after shortfalls it crushed it the clouding youtube totally shined massive btf. gladiators i g glad i got that one for the game plain to all the tweeters who say thank you so much for alphabet yesterday they sold the same thing from alphabet on texas instruments. as far as the street was concerned, there was no way this chip maker could possibly beat the numbers because it was so heavily levered to the industrial economy, the bad part of the economy texan, as we call it, delivered a btf quarter and the stock rallied 8 points yesterday this again is all btf. sometimes it's a fine line when 3m reported this morning, it looked btf on the surface and the stock jumped 8 bucks in premarket trading. once the conference call got going, the stock indicate right

back down. you can never judge a btf by its cover or the headlines the headlines never tell the whole story. perhaps the best bff story came from all places goldman sachs. the prior quarter was disappointing, and wall street was worried about a slow done am in trading that's hyperbole they had a bunch of good ones. it became episodic, followed by terrible, not okay that's why it was one of the cheapest of the big banks even though the stock had run up substantially over the past six weeks. when goldman reported this time, the numbers were better than feared, thanks to an earnings stream recurring even though it wasn't as good as j.p. morgan or bank of america, the stock caught fire, it's not done the flip side of btf, ute, uglier than expected wall street already expected horrible results

there's not a lot of great nation the stock got dinged, not an important category uglier than expected is not the same as plain old disappointment disappointment is when wall street is looking for a good number instead you get a bad number for example, align technology, maker of envisalign. down beat commentary about the second half, given the stock was priced for perfection, it got annihilated losing 27% of its value in one day that's a big disappointment. i'm not so sure how fast c.e.o. jim hogan can turn things around, although i was encouraged by the buy back same thing with pay pal. consistently great results, then the company cut the sales forecast, then it got clobbered, 5% this is not ute, this is just d as in disappointing. with the economy slowing, with the industrials doing poor, you need to add btf and ute to your lexicon if you want to understand why stocks behave the way they do in this environment.

yes, we're full of fear so you've got to judge the action relative to that fear. otherwise it makes no sense and i can tell you what will happen. it's going to drive you nuts stick with cramer. dto experiencer gthrilling performance. now, at the lexus golden opportunity sales event. get 0.9% apr for 60 months on all 2019 models. experience amazing at your lexus dealer.

my charitable trust sold alphabet for ages. if they could get it together, do great in the cloud and do great in youtube, then what you would see is an explosion of earnings it hadn't been able to do it, but this quarter it did, and you are seeing an explosion of the stock because of that combination, the cloud business doing quite well i always like to say there's always a bull market somewhere and i promise to find it here for you 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." ♪ first into the tank is an innovative packaging company designed for super fans. hi, sharks. i'm brittany hodack. and i'm kim kaupe. and we're entertainment super fans from new york, new york. today, we're here seeking $725,000