>> ryan reynolds. >> semis i think you sell every rally i haven't said that pennsylvania while. months and months. no, no. >> that does it for us be back tomorrow on more fast. "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 i'm trying to save you money my job is to educate you, teach you, put this guy daye day in ct the market deserved to get hit today. when the purchasing managers

index, measures the strength of manufacturing slips to the lowest level since 2009, everybody's going to freak out they're worried about a recession. which is why the dow lost 304 points, s&p 5001.23% and the nasdaq dropped 1.13% that was last week now this market was due for this beatdown but i also told you that i don't believe we're headed into recession. i'm standing by that position. but the recession thesis became more compelling today and you need to get your head around it if you want to understand this market so let me lay it all out for you. one place. the single biggest problem behind the recession thesis is the president's trade policy but maybe not the way you think. trump's towers and chinese exports have done realdamage t the chinese economy. second largest in the world. as china falters, it is taking the rest of the trading partners with it, especially europe,

throwing worries about brexit along with a lack of fiscal stimulus from germany and you have a worldwide slowdown going. it's one we might not be immune to logic does sound airtight, is it not it so then how come i'm not more worried about a recession than everybody else well, it's the last step yes, there is a worldwide slowdown i don't see it doing as much damage here. if we were an expert oriented manufacturing economy in the united states, we would be in a lot of trouble we have a service driven economy, two-thirds of our commerce is nonindustrial domestic we're late stage capitalist country. only our exports are really vulnerable our manufacturing has been devastated years ago what do we sell to the rest of the world? airplanes and automobiles. look, a big export, even the biggest, is the boeing 737 max that's grounded. think about that general motors, it's on strike think about that so you see the purchasing managers index number today, you need to take those two factors

into account i don't think people did i think they explained a lot of the step down that we're talking about. in other words, we're not going back to the 2009 economy that's the worst since the great depression frankly, i gather exports can take douus down like that they're too small, lucky or not, i he guess, to do all that much damage. that's why i want to put today's action in different context from what you might have heard. we got hit today because we were due for a pullback think of that. the markets had an incredible year yes, we were up 17% from 2019. we're now in the fourth quarter the investors, like you, can do some tax planning. it's natural. i predicted this pull back two weeks ago. i had no idea about the pmi number i said there something off the twhal would hurt us. i hadn't known there was going to be this the struj that market had already gotten severely overbought hence, while we've been ringing the register for my travel trust.

i'm coming out here every day and telling you, we've been ringing the register you can find out by joining the club which i'm, i've been adamant that, well, ring the register today we actually dipped for the first time and did some buying only a little. i think the afrnls could have more down side and sold something to buy it's the first buying i sanctioned because last, after today, so much profit taking were oversold. what else? okay, the market has been exhausted by initial public offerings that buyers are no longer interested in or more accurately are repulsed by i told you this was going to happen there would come a day where there have been so many deals that it could wreck the whole darn market. companies with rapid growth have gone out of style. there is little demand for a peloton which became public at 29 last week i told you to sell it. that's latest from a long line of disappointing deals and they're weighing on the

averages thank you uber third, we have a rude awakening of what could happen during earnings season when the brokerage stocks collapsed on the news that charles schwab will no longer take commission on stocks, etfs and options. td ameritrade, down 25%. on the other hand, we're also some poz keep track of these. did you want hear much about it. there is spice company they're slightly better than expected quarter the stocks shot up, get this nearly 7%. mostly because the strength in this this particular brand of frank's. so i wouldn't be too worried about the earnings season. pt there is going to be good and some bad fourth, there is washington. this matters two weeks ago i interviewed speaker nancy pelosi she talked about the need to work together with the president to pass the new nafta, revised trade deal of mexico and canada. that is essential to so many companies and their employees. but just a few days later, the

ukraine story broke. and suddenly she leading the charge on impeachment. hard to work with the president on the trade agreement and impeach him at the same time beyond that, however, however you feel about impeachment, the spillover effects are undeniable and jarring people there is a belief that trump won't be able to get a trade deal with china if he's impeached because chinese will say no that will, for certain cut back on business investment more importantly, depending on how bad this gets for the president, there's a possibility it could lead to a democratic sweep in next year's elections snag could put elizabeth warren in the white house she is the leader. give her both chambers of commerce wall street is terrified of warren i think a lot of that is overblown. but my view doesn't matter as long as this is the narrative that terrified by warren and boy it is ever the narrative, we

need to be prepared for endless bouts of selling every time there is new development with the impeachment proceedings or a poll that puts warren ahead of biden and that could last up until election day so how come i'm not losing more sleep over this scenario for starters, it is very early in the race. we have no idea what will happen trying to bet on the election results more than a year in advance, i think that's a fool's game on top of that, there is always a possibility that trump will get a trade deal with china. i think the chances are slim but the president thinks he's slipping he might be a lot more willing to compromise with the chinese but the main reason i'm not worried about a warren white house or at least as much as the other guy, i don't think it will be nearly as big a deal as people think wall street is acting as this is her playbook that she is chairman now frankly, that is lunacy. i expect war tone raise taxes on the very rich. well, shocker. she's been saying that i think she will go after companies she believes are too

powerful like teddy roosevelt did as mark zuckerberg pointed out, it suck for facebook if they go after him. but he can take his case to a court of law maybe he'll win. warren break up big tech i have to tell you, as i see the price ratios of the stocks collapse, it might not be that bad if say, you say alphabet should be broken up. they may not want it okay but it might be positive for shareholders you get youtube and you get wamo and the health care thing and the search -- frankly, that will add up to more than the stock is right now. yea, parts are now worth more than the whole the worst thing for the stock market, i see warren pushing the capital gains and that no's noe nothing new. people benefit from keeping the rates lower. because they own more stock. it certainly possible investors sell stock ahead of time in an effort to anticipate that change the but again, i'm telling you, that really feels like gun jumping. here's the bottom line i'm not saying it's time to head

for the exits here i'm saying the opposite. if you've been selling stock for weeks to raise cash as i've been advising you to this is a time to start look forg stocks to buy in weakness. we have some we're going to mention later in the show. if you're living in fear of recession or of the prospect of an elizabeth warren presidency, i think you're going to miss out on some terrific opportunities and i think you're too scared to act reasonably to protector grow your wealth. joel in florida, joel? >> caller: hi, jim i want to thank you for your advice in make ming me a lot of money. south florida, i'll give you lessons on how to play the beautiful game of -- the question, not just watching but playing. >> i used to go to big bend high lined when it opens in tallahassee. man, i have toil, that is fun. the frod the frod >> it's a beautiful sport. my question is, some time ago

you recommended sky works solutions which i bought at $6 a share. >> yeah. >> i pyramided it up over several years. and i guess sky works went sky high to over $100. i sold some for a nice fat profit and left some on the table. i think they call playing with the house of money >> that's right. that's my goal >> caller: now sky works descended from the 100 to about $77. my question is do i sell, buy, or stay the course >> remember, you're playing with house's money. you don't have to do anything. that was -- stock was at 6:$6 it went from $6 to $100. thank you for remembering. liam griffin in came n is in the cross hairs of the trade dispute. i would not buy more, i would not sell more. hold on it to. the liam griffin come back on the show and not just because the patriots look like they're going to go all the way again which sun fortunate. trevor in north carolina

trevor >> caller: hey, jim. i'm 23 years old and although i'm a court cutter, i listen to the podcast every single morning. >> take i where you with get it. >> caller: jim, i have 23 of my mad money portfolio tined up in cannabis growth. with it hitting 592-week low, should i double down or move over to something like gw pharma >> gw pharma is terrific there was a short rate on it gw pharma is real. consolation brands reports in the third. see what they have to say about canopy before we rul tpull the trigger. i don't believe we'll have a recession, all right i understand you may disagree. it's important to take a deep breath and don't let panic take over you know what? i got to tell you, i have seen enough times in my life that people have been trying to, let's just say, take quotes from chairman mail. i don't see that right now with one of the presidential candidates that people think is doing that

on "mad money" today, china is back in the news rumors swirls the government is considering limiting chinese companies access to capital market companies what does it mean for recent ipos i'm offering you my take this isn't the sec's handbook. all right. then even in a trade war people have to eat. so how about the advertising place. i'm going off the charts and find out and give you conclusions. and in a market dominated by trade worries, i'm playing defense by going domestic. tonight the company that keeps the lights on in the city that never sleeps is here. going to electrify your portfolio. don't miss my xleef with coned's ceo and stay with cramer devices are like doorways

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that the white house might be onboard with making it harder for chinese companies to access american capital markets yesterday peter navarro came on "squawk box" and walked it back. calling the story fake news. i got to tell you that, is too bad. we should make it harder for chinese companies to raise money here in the united states. and i'm not even talking about this new context of the trade war. this is purely about protecting investors from it garbage merchandise. what we need is a moratorium on chinese ipos >> boo >> as i've been telling you for ages, companies from china keep coming public here in the united states and for the most part, this day of deals has been a nightmare for anyone who is participating in them. >> the house of pain >> there are few winners for the most part, chinese ipos are toxic to your wealth sell, sell, sell, sell we've been 31 of the deals last year 14 more in 2019. do you know that almost all of

them underwater? on average, the stocks have fallen 32% from where the ipos priced if you go by where they close in the first day of trading, they're down 37% and market that is already overwhelmed with low quality ipos the last thing we sneed more questionable securities from china! which has much weaker regulations surrounding all of this stuff than we do. chinese companies should comply with our disclosure rules. it makes a ton of ten e. sensse. you should have to follow u.s. securities law in fact, total lunacy this isn't already the status quo what happens when you let chinese companies take advantage of our stock market had without subjecting them to the sim day closure requirements as u.s. companies? i'll tell what you happens investors get burned that's what. so tonight i want to lay out the quantitative case for imposing

some kind of limitations on new u.s. listings for companies based in in the people's republic of china. when you look at all 45 chinese names that came public near 2018 and the first nine months of 2019, the underperformance is staggering like i told before you, the chinese ipos are down an average of 32% 32%. and that's not just a few bad apples spoiling a bunch. the median chinese ipo is down more than 37%. of all 45 stocks, only six are up from their closing price on the first day of trading six! in fact there's a whole pattern here the median chinese ipo peaked 22 calendar days after they came public roughly two-thirds have been cut in half from the post ipo highs. in other words, typically chinese ipos may start strong and roar higher in the first two weeks.

but then they quickly get peaked and then they tend to get eviscerated! when you look at the class of 2018, there were 31 deals, only 3 are above the ipo price. only three now those three winners are up anywhere from 20% to 95% and they're often the ones that are thrown at me on twitter by a bunch of chatter head sunshine clowns that have reason to be excited about the chinese deals. but that doesn't come close to offsetting the 28 losers some are down 80% to 90% as for the 14 chinese deals of 2019, only four are above the ipo price. who knows how long those four will will continue to hold up. i would sell them all. they're only down 18% on average. the average is up 17%. the median is much worse down 32% more than half of these stocks

peak within a week of coming public they're doing worse because the newer names haven't had as much chance to disappoint you what more can i say? the larger chinese companies tend to perform better even with the winners, most of the gains came on the first day. i would sell any of these and invest in the companies that have the disclowe sure stronger. as they famously pointed out, sunlight is the best dits infectant. how about a more indepth example. consider the case of when you asked about many times let's go to nio. they came public over a year ago. normally i wouldn't talk about a $1.32 stock. that's right but nio has a $1.38 billion market capitalization and more than 26 million change hands every day. plus two weeks ago nio is trading at $3. it is below the usual requirements that's why it's the perfect example.

nio makes luxury electric cars sounds compelling. so going into the deal hailed widely chinese tested. we seen the same story so many times. chinese this and that. nio's ipo price is the $6 and change and then $13 two days later because of the hype. today this is the stock's all time high. they gave up the gains, trading back to the single digits n february, 60 minutes ran a segment on china's drive to dominate the electric car industry they call nio the chinese tes l.a. once again, the gains didn't last. a few weeks later back to five it's been all down hill since that stock getting annihilated china announced they were scaling back the electric vehicle subsidies. then in june the recall nearly 5,000 vehicles after a number of them caught fire subopt mall. finally, the company reported much larger expected loss.

the now you have analysts expecting that they could run out of cash in a the maer of years, months? how about weeks? meanwhile, the actual tesla is a vaktry in shanghai getting ready to that i china by storm. this is a textbook example of how people get burned by chinese ipos it could be a boiled down to a sij sentence chinese tesla is a great elevator pitch but there is no underlying rigor then the stock gets crushed by a series of unforeseen events. a big product recall shocking negative earnings numbers. i bring this up because nio is typical. the bottom line. but last thing we need right now are more low quality chinese ipos i would love for our government to block these deals regardless of what happened with the trade talks because they are hazardous to your wealth but even if these chinese ipos keep coming, you can avoid getting burned with this one simple trick just say no. stick with cramer.

i keep telling you this market is turning vicious. that means you need to get a little more selective about the stocks you own you want companies that can thrive even in a time of uncertainty, even if the trade war drags on, even if the political fallout from impeachment makes american businesses gun-shy about spending money so what might be worth picking at here? consider some of the better run fast food chains with stocks that have been holding up pretty well of late remember, the consumer economy is still very good shape the weakness here is mostly the enterprise side of things. we've seen solid retail sales. some of best in years. job market is incredibly strong. wages are rise something what. not so much as the inflationary so the fed can cut rates the consumers are spending and everybody needs to eat but just like in every other

sector, it pays to be picky with the restaurants which is the theme in today is' market. some of the sitdown places like i hop and appleby's, they struggled to bring in customers of late. the fast food chains, on the other hand, have lines out the door because they appeal to more value conscious consumers. that's why tonight we're going off the charts with the help of bob line he is a great technician that runs the trifecta newsletter and author of "know your options." get a better read on three of the fast food stocks of mcdonald's is intriguing. i'll spend more time later in the show addressing why i like them long term and short term. let's start with the daily chart only mcdonald's it got slammed today after jp morgan published a negative note saying the same-store sales will come in weaker than expected this quarter. the stock plunged $5 this is the major weakness in a

dow jones industrial average that is terrible mcdonald's is a well run company. i'll explain later in the show, i have enormous faith in the ceo. he has turned around the company. with technology, smarts, and the last quarter is excellent. take this piece of research with a grain of salt. just as important, lange really likes what he seize in the charts we do chart and then funding even though mcdonald's got hit today, the stock has been on a major roll all right? up more than 17% for 2019. not bad. it mazede a series of higher hih and lower lows every time there is a dip in this one that, dip is a buy. as you can see, every time, and this time, well, let's just see. last month mcdonald's broke down below the floor of support that is 50-day moving average. that is the blue line. currently at 14. this is what happens to stocks still, i think it smells like an

opportunity. the moving average convergence and it recently was named bullish line that's where the black line goes above the red one. they signal that the stock is ready to hit higher. there is no degradation. plus, with very williams that did some stuff this is his offsetter. he measures when a stock is overbought or oversold it shows at last, mcdonald in the oversold territory which is always been a buy indicator. come down too far too fast what if we want something less ambiguous. here is my favorite. look at this thing remember, again, doing chart first and then later on funding. this exploded higher up more than 90% year to date. i think a lot is the new ceo and the fact that the company finally got over all the health scare worried from a year ago. american public thinks about 18 months and then they forget. just the way it s it's that far in the rearview mirror company invested heavily in

technology get the lines moving faster and process more customers they cleaned up the stores they're rolling out lots of new menu options irresistible carne asada he thinks they have a lot going for it every time it pulls back to the 50-day moving average, it goes down further that sen couraging at the same time, there is the cloud. we listened to this before that is that green space in the chart. this is technical tool that uses a bunch of moving averages to give you a read on the whole situation at a glance. when the cloud is green and expanding like it is with chipotle that, say good sign the stock is kind of going side ways, consolidating. it has a monster gain from the summer largest and best stock in the s&p 500. that's why lange says it's a buy right here something i agree with and again i'll talk about that they have a resistance at 8 50e. once it breaks out of that ceiling, well, let's just stla could be a lot more upside might take some time though

before the breakout happens. lange says it's worth the wait i agree. finally, now this is one i'm not covering fundamentally i'm not as bullish on it as bob is jack in the box. they compete against mcdonald's. they were spectacular last october. and that worries me that it had such a big gap this thing has been on fire though ever since. making new highs jack in the box held up. the stock is now above the moving average the cloud is as bullish as it gets and green and expanding. while jack in the box is an overbought territory according to the williams percentage r up here, a little overbought. i don't want it to come down to the gap. this is maybe a inl bedded situation that it is overbought and stay there's for weeks or months discuss the embedded and get rich quick it is a thing that con foundz me p it's a stock so overbought it

just stays overbought and wins that's a positive sign now look, for the past few weeks jack is snuck a tight trading range. this is what is an ascending triangle see that okay and that is a did where a stock ceiling stays flat even as the floor of support keeps rising. this is what usually called a continuation pattern a stock pauses to consolidate after a big move and then resumes that moef once it's ready in other words, jack in the box might be marking time here before the next cycle up lange says it's the favorite here's the bottom line f you're looking for something that might be worth buying in this difficult market and we have difficult market, can you do a lot worse than the best run fast food chains. the charts provided by jacqulans jack in the box is longer. i like mcdonald's. i don't think this one is as easy as bob says it is

let's go to pam in california. please, pam? >> caller: hey, jim, first time caller long time listener >> thank you >> i have a question for you starbucks has been on a coffee high for last year with gains around 75% and beating estimates for the last eight quarters. the do you think they can sustain the global growth as they have been doing in china and should i stay caffeinated or get more caffeinated or dump my stale coffee >> like the way you're approaching that i've been waiting for starbucks to come down in order to tell people, look, once again, it's ared to go you know what? it is coming down a lot. i think you should own the stock. hit a terrific year. they're taking profits in the stock like they're taking many others and the cold brew during the afternoon is crushing it starbucks is a buy john in michigan

john >> caller: jim, i want to know what your thoughts are on grub hub. it is being shorted by jim chenos >> right >> caller: it has 200 eps. of. >> here's the problem. >> here's the problem with grub. i own two restaurants. and i have to tell you, the war between grubhub and this outfit door dash post mates, big ads this weekend it is just too difficult for anyone to make money in that environment. the other two guys are private they can lose all the money they want so grub is much as it's very well run, and i have -- as everybody knows, we have had management on, i think that quality is terrific. i think that business is too hard even for someone as good as matt always welcome on the show all right. don't let the market fall fast you can get more selective about what you own and charts suggest that jack in the box and

mcdonald's can thrive in uncertain times. two out of three, i agree with much more mad money and i'm looking for a surge of profits and my exclusive with coned. talk about something you didn't own. and then on the hardest hit pockets is also one of the best plays out there. so what should you do with some of the restaurant chains of course, we take all your calls later in tonight's dishing up the lightning round stay with cramer for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory.

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what do you do when the market gets slammed by worries about the broader economy? well, classically you pile into the defensive stocks the ones that can do just fine in a slowdown. like utilities where does the strength and consolidation come, coned. our local utility in the new york area here is a stock up 23 for the year including a 10% gain since the end of july you know i've been telling you over and over again, this is the utility to own they're selling for 20 times next year's earnings some analysts think it is longer to run they argue that the commentating

is too negative. it doesn't make sense if you worry about where we're headed let's check in with the chairman, ceo of coned welcome back to "mad money." good to see you. >> great to see you. thanks for having me >> first, john, everyone is worried about the slowdown in the economy whether it is real or not people say we should own utilities. that is still true, right? >> utilities have typically been inversely correlated to interest rates. some actually view it as a bond all alternative. that is a knife that cuts both ways we benefit as a sector as interest rates go down we get hurt on the other end as interest rates go up >> you're in a growing area. does that matter >> it does and there is growth in many different ways the transition to a clean energy economy that we're pursuing in new york provides significant opportunities for investment

that will help benefit our customers. we work to make sure that all investments are optimized. >> typically i say if it's more energy efficient and more natural, its going to cost more. you're telling me that is not the case >> there are places where it will cost more the adoption and buildout of the infrastructure to support the energy will have places where it has upward pressure on it. >> now, will you be able to put through rate increases that the state will regard as reasonable? and still conceivably allow for this >> we're in the midst of a rate case for the company of new york we've filed for gas and electric rates in january we reached an agreement and we're working through the details with the parties those are all confidential at this point but we expect that we'll have a joint proposal ready to issue by the end of this month. the. >> a historically, if you get that joint proposal, would there

be room historically to raise the dividend >> historically in new york, you get a proposal, it crosses the finish line and can't think of any exceptions in recent history. and that will support -- give us the support we allows us to continue to invest and support dividend growth. i don't predict we'll -- dividends will be next year. we have 45 consecutive years of dividend increase. the longest of any utility in the s&p 500. >> that is remarkable. this is the with town buy. now when you save on energy, who benefits >> so what do i have here that would make it so that energy should be lower? >> so this is a device that we're currently making available to electric vehicle users. it plugs into the data port of an electric vehicle. they roll in our program

and if you charge and it's. >> caller: a.m., you get a 40% discount on the electric price there are 500 plus the enrollment and it's better for the stake hold cher er there you are at odds with the administration >> because you don't think what the epa is doing or has been ordered to do is the right thing versus these kinds of things >> yeah. >> this is particularly attractive it's more and more electric vehicles rollout, part of what we need to do make it successful is make sure there are incentives to charge them during off peak periods in part, they need to refer to the epa, we have imposed a relaxation of natural gas rules that we recently opposed by the epa. we think natural gas is part of

the solution to bridge to the clean energy future. and push back. i don't know how and if if you look at those proposals, you tend to be utilized by relatively small customers, companies that the ones that are on the margin. we don't expect it will have a significant impact on the industry >> now, the -- when we think there's been an increase in cyber terrorism and i have to believe that we have all these companies on it. you put your stuff in the cloud and then maybe driving around. the bad guys would like to knock out a utility i think. beef seen whole countries plagued by knocked down utilities. sometimes i think it is super

terror how do you stop this >> we are a high profile target for them we act accordingly we're very focused on reducing the cyber threat we have a four stage philosophy. test with out siders on a regular basis. detect, many times when there rinne trugss, people have been in your system for many months before they actually act so having detection mechanisms to make sure they intruded into the system is very important mitt gates means you're able to respond. you know how to isolate parts of your system. you know how to operate without the parts of the system. and then recover means you have to the resources and plant ready get back to full strength. we have cyber mutual assistance. in the same way when there is an overhead storm, we provide people from unaffected utilities

to effect utilities. we have an agreement around mute i'll assistance for cyber. we have pregrument agreements to allow the people to help that utility. >> last question are we using less energy per person or more >> less energy per person. >> because of things like this because we're being conservative the light bulbs? why are we winning on this a lot of people feel we're not >> it is around energy efficiency more than anything. energy efficiency is better for the environment and better for the customer in terms of the bill than even solar or wind opportunities. >> that's terrific i want to thank you so much. chairman and president of coned. ever since we started the show, this is our favorite now you know why if it you're just beginning to watch, mad money is back after the break.

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it is time for the lightning round! >> sell, sell, sell, buy, buy, buy, buy are you ready?

lightning round. i want to start with matt in alabama. matt >> roll tide >> oh, man you got that what's up? >> irobt >> number no no >> sell, sell, sell. that's all we need right now matt in texas. matt >> caller: hey, cramer, thanks for all you do >> quite welcome >> caller: what is your opinion on exact sciences corporation, exta >> it saves a system they have the great anti-colon cancer detection stock is a little out of favor that's okay. i think it's good. nicky in florida nicky? >> caller: hey, jim. >> how are you is. >> been a long time. >> okay. >> all right let's go let's go to work >> jim, i'm concerned that the dip in the ratio is high and the scale of the company

is it a buy or sell? >> sell, sell, sell, sell. >> sell! >> alex in california. alex >> boo-yah dr. cramer. >> this is alex from los angeles. long time, long time >> good deal >> on a down day like this, i figure i the dividends and i didn't even thinking about cim no, we're against all this stuff that we don't understand exactly what they own. like let's say they start going bad. jim, what do they own? i don't know that's not good enough you deserve better i'm going to say no to that. dominick in california dominick >> hi, jim my grandson has a question for you about a stock. >> sure. >> boo-yah, cramer, i'm talking about a very profitable company that has both earnings and revenue. it's a medical company that is technology and the stock name is inmo

what do you think about it >> here's a 14-year-old that just stumped me. he stumped me. i don't know that israeli company. i have to do more research no, it's an illinois company here's the problem with these guys, just so you know, this is a medical device company that does dermatology and those are tricky we have to do more just ask what happened to allergen you don't want that to happen. leo in new jersey. leo? >> hey, cramer, boo-yah. >> thank you i'm from new jersey myself >> caller: i took a small investment on netflix. and it's been down by 30%. >> right >> caller: so what do you think i should do? >> i'm not a netflix fan here. i have disney and i have the cbs and disney and the espn -- no, too many competitors i'm saying sell. very low price and that, ladies and gentlemen,

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why was mccould be aldz down jp morgan put out a piece of research arguing that the third quarter results will come in weaker than expected it's been a very strong labor market and very little expansion in the industry. these are two good things for

mcdonald's j.p. morgan is confident the estimate is too high according to the tracking service they use, thing disease tear yated year over year. gets worse delivery could be a major opportunity for the research they say it may be a little more complicated than that. they build the money for the platform and they added thousands of other restaurants that compete against mcdonald's. they may have sewn the seeds of their own destruction at the very least in an environment where everybody delivers, much less edged i have to tell you this is a really tough call. >> they stul rate mcdonald's a buy. i think they're a buy too. as did bob langer. there is one problem almost every single firm that follows this stock has a buy on it when i see that, that's an accident waiting to happen

if any of these other analyst dozen their own checks and get results, they're likely to downgrade. given the stocks up 17% for the year, a down rate could cost a major selloff in the levels. >> but, man, if you -- if you've been a bull in this stock ever since he took over ceo and turned things around, it's got to be tempting to declare victory. dump the stock ring the register and say hallelujah so what do do you? even though the stock is precarious, what i'm worried about is what happens if you sell it and then try to get back in at a lower level once the shakeout is over a hedge fund thing most people are not that nimble. you can't play with the stock portfolio all day. get out, get back in plus, we can't be sure that j.p. morgan is correct. i couldn't even tell you how many times i've seen the rejections go och the rail this morning, the calendar

that's when you reach october and they want to show investors they were smart and, wow, wlook they own i think a lot of the weakness we hear about mcdonald's thooz do with lack of promotion that's are compelling chiptotle is the opposite. i have already had two of them and most importantly, it is teamed up with door dash to expand the delivery capabilities n new york a couple months ago, you could not get chipotle delivered. now there are parts of the city that covers it i think they're taking share from everyone. i respect what yum brands is doing here i mention the delivery business is cutthroat business. if you want to buy a restaurant or stock, i go over mcdonald's

with chipotle. if you're a long time holder of mcdonald's i'm telling you to ride out the weakness even if something is wrong, i'm confident steve will fix it. yes, he's that good. and that, not the chart, is what matters. stick with cramer. it's happening..! just ok is not ok. especially when it comes to your network. at&t is america's best wireless network according to america's biggest test. now with 5g evolution. the first step to 5g. more for your thing. that's our thing. - [spokesman] if you've tried colleg(group cheering)shed, snhu lets you transfer up to 90 credits toward you bachelor's degree. - [woman] it doesn't matter how old you are, you can do it, you can finish. - [spokesman] finish your degree at snhu.edu

i that's the retirement plan.e, with my annuity, i know there is a guarantee. it's for my family, its for my self, its for my future. annuities can provide protected income for life. learn more at retire your risk dot org. i'm not being glib let's not forget the market is up about 17% is it not right to xpaekt xpekt a selloff when we get a not so hot industrial number? remember, two-thirds of our economy is consumer. and stop fretting every minute about washington it's becoming quite unseemly if you ask me it's making something you're not making the right decisions you're not making considerate decisions. you're making decisions out of fear that's wrong there is always a bull market somewhere. i promise i'll find it just for you on "mad money. i'm jim kraycramer and i'll see

tomorrow >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ with a product she believes will help expecting moms feel beautiful. ♪ hey. my name is deidrea haysel. my company is hot mama gowns, and i'm seeking $30,000