>> unlike guy, i think you do not buy facebook into the earnings, it is an epic looking head and shoulders top rated >> i love feisty, dan. >> dan is always feisty. >> it's schlumberger, nice litt. >> see you back here tomorrow. "mad money" 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 cramer america, i'm trying to make you some money. my job is not just to entertain, but educate, put it in context, call me, 1-800-743-cnbc, or tweet me at jim cramer no other stock in this market has more pin action than apple

except for maybe jp morgan our american express or honeywell, or union pacific that's right where there are more pluses than minuses, because the stocks are generating pin action, are a lot more powerful than when the stocks generate negative pin action dow advancing 57 points, s&p, nasdaq jumping there are plenty of down beat stories out there, and the economy is slowing, chinese, whatever, averages, call it whatever you want, the brexit, the tragic, 737 max plane crashes. we are now learning boeing may have known about the plane's flaws ahead of time. the litigation that's pommelling the pharmaceutical industry, and the overhang from this year's flood of new ipos, many of which

turned out to be gigantic losers i'm going to flush out those wounds later but what matters most right now is the action in individual stocks see, individual stocks, they have no ideology they won't mislead you they're not bent, as the cops would say in the line of duty, fabulous british detective story. why don't we start with applemeapple. you know how much i like to start with apple breaking out to new all time highs, thanks to the incredible popularity of the iphone 11, which is selling much better than wall street expected because it turned out to have this tremendous longer battery, and the amazing camera, perfect for instagram. at the same time, ceo tim cook has been able to navigate himself through the trade war better than anybody else i know, spending time with leadership of both countries, trump, xi, i

think this is perfect about who he is. he gave the commencement address at tulane, where my daughter went and stanford. the board of the prestigious wa university cook spoke to china, state administration for market regulation he talked about expanding investment in the people's republic, consumer rights protection, and corporate responsibility in other words, cook's not waiting for the trade talks to be resolved. he's not on the sidelines. he's on the front lines. front lines of the trade war trying to calm things down so far it's working, at least for apple and its shareholders awarded with a 1.7% increase guys, this is a trillion dollar country, it's not supposed to be able to go up $4.10, for heavens sakes. when apple is on fire, it has a lot of semiconductor pin action. let's see, logic, texas instruments, how about broad come sky works, solutions a rally in these stocks can

trigger a dramatic move in the whole nasdaq it's a mammoth break out that silences the macro junkies with the big economic slow down s hard to find if you're examining most domestically oriented countries. speaking of domestic operators, how about the amazing run in the stock of jp morgan, it's up another 3 bucks today. it's hard to believe that a high quality stock sells for less than 12 times earnings with a yield of nearly 3% but it's true. see that's what happens when you report spectacular earnings. the stock of jp morgan, it's ridiculously cheap you can't have a real without this one the move was a locomotive that pulled citigroup, that pulled bank of america, and pulled morgan stanley along with it >> all aboard. >> once again, if you were taking the professional

pessimist seriously, you never would have been able to capture this move. no way, no how we have seen big time money managers, and hedge funds that come on our air. they say it's the end of the world. let's forget about it. by the way, they're really rich, maybe you're not, they have made the money, they don't want you to have it, or at least that's what it seems like to me you know, they think that the financials are the epicenter of the self-destruction market. at least until they started rorg reporting last week. it didn't matter that they have single digit growth. can't they just say the words, is it harder to say mid single digit than it is to say msd. no anyway, it didn't matter to the all bountiful buy backs and dividends. it did matter that the consumer is in amazing shape. the macro guys don't care about this stuff, they care about the yield curve. memo to the masters of the

universe, unless you do some homework, stay the heck out of my zone. same goes for the strength in the stock of american express. i like to read, it's a great discipline, prevents you from following the herd solid, good growth, tremendous millennial pickup. under the leadership of ceo steven, has become a must owned financial theft, you own it or own visa or mastercard visa and mastercard report next week after an initial dip, america's best is roaring, closing at $2.29, or 1.96%. again, a big company, just 2%. just like that then there's honeywell, hon. if you told me there's a company, aerospace, climate control, automation, chemicals, i say those are exactly the businesses you don't want to

expose, yet honey yn wewell is n fantastic shape. he put on a clinic and explained why his business is firing on all cylinders. the only weak business was warehouse automation that division was up against some really tough comparisons. honeywell's stock on fire. $3.37, or 2% talk about pin action. finally there's union pacific. everyone thought union pacific was this wrong, it was this >> all aboard. >> i know some viewed this quarter as a disappointment. so much weakness across different cargoes, look, i think exactly the opposite, exactly. despite the revenue shortfall, union pacific generated some fantastic earnings if they can make this kind of profit when business is this bad, can you imagine how much money they will make when it's

good what happens when you get a trade deal with china, and what if the fed keeps cutting rates, that would produce extraordinary returns here no wonder leading the transport, it rallied last week it's picked up another 5 points, 3, 4, 5% just today. listen, this afternoon i had the privilege of being on scott watner's half-time show. we had a spirited discussion led my good friend josh brown. the pessimism is unrelenting, the macro people seem oblivious to investing i think some of it is sheer intellectual laziness. they don't want to do the home work hey, listen, maybe they're watching a lot of netflix, i don't know >> it's easy just to spout off about the big picture stuff like the yield curve. it doesn't change that much. you can say the same thing every

day, there's a couple of points. some because the concept of trying to make money seems to elude them, and some of it is motivated reasoning. they hate donald trump so much that they can't bring themselves to believe this has been a pretty perfect period for the stock market in the economy. you can't afford to take your tip from people who don't want to do the homework we're getting tremendous positive pin action with important companies putting up excellent results, which is reverberating. their stocks were higher and drag whole groups with them as we see, never bowled higher than a 143. i had to tell you, it's pretty encouraging. let's see if the parade starts tomorrow marches to the same positive music. rich in pennsylvania. >> cramer, how are you sir >> i'm doing well. how about you. >> good, good. i am a young investor, and my

question is about spirit airlines they're not involved with the max, and the airline seems like they have pretty good earnings, i have to get your taste >> look, we have ual reporting really unbelievable numbers with oscar munoz. gary kelly, i love people saying don't buy southwest, they're going to report later, but both of us are better than spirit how about katherine in connecticut. >> yes. >> you're up, it's cramer. >> hi, cramer. >> how are you. >> i'm going, how are you. >> good, thank you sings janua since january i bought and sold cronis, earning about 3%, after a lot of work. i'm not holding any now, and after hours last wednesday when i watched the price surge up by as much as 40% from the 12s, i

want to, given the quick turn around plunge back down, you know, i was happy that i followed my instincts and didn't jump back in i almost did, so now my question is as the newly crowned king of the north a buy, or hold out for it to dip back into the 7s. >> i don't know. you made some money here congratulations, most people have lost. the problem is the vape thing. i know when we had the ceo, it's guilt by association and the etfs that crush these stocks, including gw pharma. it would help more if canopy picked a woman, guy or gal, you can't use gal anymore, guy or woman. gal is out gal is out gal is out but you get a person, there you go you get a person, how about that, who knows the packaged foods industry, wow, you can see some perfect pin action there.

some stocks are more powerful than others. i use the name beethoven, with so many unknowns, trying to gauge what's next for the market i'm going off the charts to see what they could be saying. and then we have seen troubling indicators i'm highlighting one of the few industrials that seems to be working in this market do not miss my take on something blank sole, and last week's biggest ipo didn't take place, it's stock axis web site, i'm getting to the bottom of it with the company's ceo, and he may be better than the greatest of all time stay with cramer >> don't miss a second of "mad money," follow jim cramer on twitter. have a question, tweet cramer.

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what makes this market so hard to like on the one hand, many of the problems that have been holding us back, in some cases for years, starting to resolve themselves right, i mean, the uk just kicked the can down the road again with brexit. maybe there's a resolution the trade war with china is cooling, at least for the moment fed is giving us a much needed rate cut the job market is strong, and so far the earnings season is looking pretty darn well let's say maybe it's looking not as bad as feared you would think that that would give us a pretty positive backdrop for every hurdle we overcome there's a new one standing in front of us. as i mentioned at the top of the show, the stock market has been flooded with new supply. any other market, when supply overwhelms, demand, it puts pressure on prices we have a tremendous amount of political uncertainty from impeachment to the 2020 election, and wall street hates uncertainty. we've got a boat load of it. for weeks now, many investors

have been freaking out about senator elizabeth warren's status as a democratic front runner she's the candidate who wants to crack down on the perceived excesses of big business the stock market represents big business it's easy to understand why money managers are worried however, look, no matter how you feel about president trump, wall street likes his economic policies aside from the trade war. for the next year, it wouldn't surprise me if the averages bounce back, back and forth in response to the pole i know that's a suboptimal situation. it's washington. we're trying to figure out companies. this stuff is kind of nebulous and it's very hard to look at with the kind of clinical detachment that you need to be a good investor. that's why tonight we do something different, off the charts on a monday, with the help of car lee garner, the cofounder of carley trading and the author of "higher probability quantity trading",

now garner points out that the the s&p 500 hasn't made much progress since it peaked last year the market spent most of the last couple of years digesting those gains and no more. lately, though, the s&p surged to new highs and garner's concerned, this is quite contrary to what i'm hearing, that we may be approaching a point where all the good news is baked in more importantly, she thinks we're about to encounter some serious technical resistance here, when you pair that with the stocks from the ipo, i told you, is not done, recommended by everybody, and the political head winds, well, she sees, a let's say, not so pretty picture. let's take a look. why does she expect resistance this is a look at a very difficult concept. we're going to try to walk through it this is the weekly chart of the cbo, the viks for short, known as the fear gauge. it tends to do a good job of capturi

capturing the overall level of terror in the market, the volatility people are paying for s&p options, it tends to go down with investors are complacent and up when they are afraid. you can argue this is a measure of complacency what garner likes in this chart is the commodity futures of trading commissions weekly, commitments of traders report. which tells you what certain types of investors are doing with the vix futures what we care about is the large speculator category, money managers, and it can give insight into when a trade may be right or too crowded keep that thought in your mind the vix futures speculations are net short of about 155,000 contracts. not far from what garner would consider to be an overheated short trade at around 1,700, 170,000 contracts. 170,000 would put it up here

okay keep all of these. these are all important so i don't want to, i know there's too much here, but this is really important because why does it matter, because in the past, both the vix and the s&p 500 have a habit of reversing. one speculator starts shorting the vix too heavily. it tends to get crushed. so you can see that in other words, if this were to go back up, ten the s&p would go like that all right. now, how about the s&p 500 itself, take a look at this longer term monthly chart of the s&p 500 mini futures, that's a key contract everybody watches, who trades the futures in the short run, garner thinks bullish seasonal patterns and optimism should be able to carry us higher. if we rally much further from here, the relative strength index, and that's down here, rsi, that's an important momentum indicator, will shift over territory, suggesting it will be due for a pull back. right now, the s&p is just above

3,000. keep this in mind, this is where it is. garner is expecting resistance at 3030 or at 3150 this is the appropriate ceiling. anywhere somewhere many between, maybe. her focus is on the 360 to 3090 area, it's possible we get a short squeeze here, a bull trap move that tricks you into thinking everything is okay. if that ceiling holds, garner says you want to be prepared for a selloff, possibly for a severe one. in other words, we can't take this out she wouldn't be surprised if we get a pull back down to the s&p's long-term floor, of the 2,500, get this, be a hideous move but it wouldn't negate the bull market. however, if the s&p breaks below the long-term, the garner will plunge under 2,000, under 2,000. it could be a real possibility

at the moment, though, she still considers that a low probability outcome. she thinks it goes to here if that doesn't hold, she thinks it can go to here. that's a big decline then there's the monthly nasdaq 100, the tech heavy index, made up of the hundred largest nonfinancial companies in the nasdaq composite the nasdaq 500 has hit lofty levels right now, the ndx is 66 points away from 8,000, and garner sees extreme resistance, the 8,180 level resistance, but just like with the s&p garner says there's a chance of a terror probe above resistance 8, 240 becomes the ceiling we get momentum players come in. not the kind of buyers you want. the s&p, the nasdaq is not excessively overbought that's down here, according to the relative strength index, however, if it keeps climbing

we'll soon meet you overboard territory, and garner expects this thing to roll over and roll over badly how terribly could we be hit in the normal ebb and flow of the market, she thinks we find support at 6930 down here. but that's down about a thousand points from where we are but it wouldn't shock her if we got a more serious direction that takes us down to 5910, well, this is, ladies and gentlemen, this is a 25% decline. is garner right? honestly, i do not subscribe to her negativity you need to be aware that these bearer scenarios are on the table, and a lot of people's heads. here's the bottom line, the charts are interpreted by carley garner, suggest the averages could keep climbing for the next few weeks. after that, she thinks we're in real trouble and recommends using any of the strength we're about to get to ring the register my view, look, it never hurts to

be a little cautious as we keep climbing i think there's more to the bull market than garner gives it credit for still, we need her perspective she's been right on a lot of things, because now things do start rolling over you'll understand what the tech people say about the possible downside in front of us. stick with cramer. do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere.

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talk to your advisor or consultant for investment risks and information. hey, this week, we get results from a bunch of major industrials, united technologies, caterpillar, stanley black & decker just to name a few i'm optimistic about some of these stories, especially technologies, but for the most part, wall street's expectations are incredibly low they have been hammered as investors threat about that worldwide economic slow down and the trade war. these are all things that are so negative for earnings.

but i found an exception or an exceptional one. last thursday, we got a race from the quarter from now, talk about it all, a company called dover. it's a classic smokestack. just exactly the kind of dirty industrial you expect to be really struggling here yet dover caught fire with the stock up for the year. that's extraordinary how is it possible this company is a manufacturers manufacturer ge gets 40% of sales, of berry systems that are used by industrials, oil companies, chemical companies and gas stations and even the food and farm industry. they get another 40% of their sales from engineered systems where dover makes critical equipment, consumables, consumer goods, digital textile printing, industrial automation, defense, you name it. the last 20 comes from refrigeration and food

equipment, anything from commercial refrigeration, and in short, dover's a textbook example of a smoke stock even the international one given that the company gets 44% of sales from overseas, they request over seas, that's where the growth is supposed to be it's not worldwide but in the last few years, dover has moved aggressively to take control of its own destiny, rather than just hope for the strength of the globe. these guys don't want to be just another cyclical enterprise, it's totally hostage to the rise and fall of the business cycle it all started in late 2017. right here for years the stock had been obviously an underperformer, held back by its ailing energy business, known as well site they made equipment for the oil and gas industry every since the price, dover energy and business became a total dog. sales down 25% year over year, every time i list on one of the conference calls, i would say,

why don't they just get out of that darn business by september 2017, management had enough, they threw in the towel. day announced strategic rooufr and -- review and decided to amputate the business. dover and well site borrow hundreds of millions of dollars to pay the shareholders a big fat special dividend, and spun it off as a company called appergy, in april of next year it was a clean break dover retained zero ownership interest b bon voyage, that was a great decision the price of oil has been stuck in the 50s because every time it starts getting lift, what happens, you know, our producers bring more supply and knock it right back down. that's why the all surface docks have been awful perform, and halliburton reported a not hideous number, not as bad as. why did dover make that call, in part because third point, the

huge activist hedge fund took a position in the company and started to push forward. i think low laid much of the ground work for the turn around. bailed on the stuff a year ago into the market wide melt down in april of last year, dover's long time ceo stepped down, brought in richard tovin, a major british manufacturer to replace them and rolled out a huge restructure program, a right sizing plan to bolster dover's margins, improve operations and build a foundation for future growth, basically cut costs and narrow the focus, which includes jet tissi lot of businesses, and replaced by cheaper alternative, as well as businesses that can give them recurring revenue growth, and then the sky is delivered. dover had strong quarter this year big cost cuts, better management of the two core businesses, engineering systems and once we

started worrying about a worldwide slow down, things seemed to get a little dicey, when dover reported in july, okay, here we go, their sales came in late, but they still delivered a nice earnings speed. they were down 2% organically. that freaked a lot f people out. management said their engineer systems business was hit by a delay in digital printing orders and told us to expect better in the second half. they raised their full year earnings forecast. it wasn't enough stock got hit. only pulling back to 88 bucks. and it slowed in august, went out of style with the trade war. china escalated, investors freaked, all that stuff. blah blah blah fast forward to last month, dover holds this bill investor meeting where they spelled out everything they have done to improve their business over the past decade, the company has become a smarter, more streamlined business, they went from 35, who can keep track

of that, down to 18. that may be too many, cyclical and growth ambitious margin expansion targets for their fuelings, solutions in food retail divisions, put them together and dover of today is a different company from the dover of a few years ago. the stocks shot up back to the triple digits response meetiit e back earlier this month. otherwise the stock wasn't burdened by great expectations the price was bound to go higher and that's exactly what happened, point posted $0.09 earnings terrific 6% organic growth down 2 before. up 6%, give them the benefit of the doubt, operating margins increased by 180 basis points, management raised the low end of the forecast, now looking for a 582 to 585 per share the stock jumped on thursday and tacked on points in the trading

days put it together in the heavy industrial dover deliver the execution, doesn't need to hurry him, and the stock isn't too expensive. can it go higher, yeah, i think it can i bet money managers will flock into the industrial names that are working. one will be dover, as i said at the top, the honeywell, extends to a bunch of industrials, the broad range of the business dominates and accompanies a quiet solid manufacturer, the kind of operation you might never know about unless you're one of the customers and that's what's working bottom line, dover has transformed itself into a cyclical industrial. it's been able to rally in a macroeconomic environment. it's why i think the stock issii isside going forward, just the canine of moves -- kind of moves we are looking to triumph over a global economic slow down. let's go to michael in my home

state of new jersey. michael. >> bchina is going to be buying 40 to 50 more in agriculture >> actually, the problem with that first we don't know if they're going to buy it, and scott's miracle grow is more about grass, and grass, which used to be what we call cannabis before cannabis decided it was too, kri don't know, tacky to cl it grass, wall street isn't a fan of the industrials right now, but i have spotted a major exception. other than honeywell, it's dover, and i think you can go higher nasdaq for sleeper heads, i'm finding out how one ecommerce site is taking aim at the luxury market, and selling off like it's 1999. i'm digging into whether the derailing is comparable to the melt down of the tech stocks in 1999, 2007, rapid fire, tonight's edition of the lightning round, so stay with cramer

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if you want to get a read on the future retail, check with the smaller privately held companies that are revolutionizing the industry limited addition sneakers, they got their start helping people selling repair shoes and they have expanded to a whole bunch of categories. in the last few months, stock has rolled out another category, collectibles they have ordered a new ceo, and just last week, they launched their latest shoe ipo, part of the collaboration with i dee ads their set of number shoes, if you want one, you submit a bid with the shoes, going to the highest bidders, who all pay the same price that's kind of intriguing idea, let's learn more about his company and how it's changing the industry welcome to mad money.

>> great to be here. thank you so much. thank you. >> scott reminded me beforehand that we met while you were on the new york stock exchange explaining alibi aba to me, at h same time you were on ebay, how did you come to get the job and what's it like. >> when it company started, they started with this notion of creating a new commerce marketplace based on the principals of the new york stock exchange, stub hub or ebay, all companies i had been part of senior manager i sent a linked in message to josh luber, i'm the ceo at stub hub, i'm a anemicer hesneaker hw exactly how big this idea is, i'd love to help and that started a three year relationship. >> that's how it started, through linked in. >> a day after they started. i saw the idea, and i thought it was just transformational, the combination of all of these things together in this company, and then who would have known a few years later that i would join and have the opportunity to run it in partnership with the

founders but it's been really a very cool story. >> kwhoewho else would know howd an ipo auction, tell us about it, and i mentioned before that even though it's within adidas, there are a lot of brands involved. >> yeah, the concept here is pretty simple. we partnered with a great brand, an innovative brand with adidas, three unique designers around the world and in ten days, they designed, created and produced these unique sneakers, three different colorways, and we had an ipo for 333 pairs of each sneaker, and like you said, so, this is the first time where a brand comes direct into the marketplace and allows the consumer to dictate the price that they're willing to pay for these rare one of a kind sneakers. >> people can be off the mark and still not get hurt a pair, the average is for 200, you can put in a thousand, you don't have to pay a thousand >> we had 10,000 bids.

>> how many people know about this stuff. >> well, i mean, we did a lot of, we launched this last week it was open for just a couple of days we had bidders from all around the world. we already have customers from 170 countries but 20% of the bidders came from outside of the united states, a thousand placed bids on all three different pairs, and when it came down to it, you talk about the average clearing price was a little over $200 across all three, and 90% of the bidders paid less than what they bid on the sneakers. >> extraordinary now, you know ebay and stub hub, are you starting to see a better price discovery here than you did in ebay? >> well, this is a totally different model in the sense that, first of all, you know, in this case, for sneakers category, these are always new dead stock items. >> right and so we intermediate that transaction, meaning we stand in

the middle >> right >> between every anonymous buyer and seller, we authenticate that, you know, that item, and so it's different than other online marketplaces because we stand in the middle of the transaction. in this case, yes, there are other platforms that do an auction, not a blind dutch auction in this format that we are very familiar with, you know, in the public markets and we use this mechanism to, you know, price a traditional, you know, ipo, but here we use it for products in commerce. >> how is it possible, like ebay, international, are people just more comfortable in international? i mean, why do they seem to like it, and that's where the business seems to be going. >> the business internationally is growing unbelievably. sneakers is a worldwide phenomenon, driven by social, and ultimately about access. for people outside of the united states, having the opportunity to cop a new sneaker china is 10% of our business

the ecommerce company having direct customers in china. these are items that you can't get anywhere else but they are coming to stock x and we're recognized for a brand that stands for authenticity. since we authenticate everything that goes through the platform, if you're buying from, you know, anywhere in the world, you know that you're getting a great brand plus this notion of authenticity. >> that's fantastic. no one else has that which brings me to a point that the people at home are saying you know what, i want to be on stock x and i want a piece of stock x. is it reasonable to think, and i know dan a great man is behind it, that you would want to come public or is it like the operation where i don't think there's any desire to go. >> well, if you see, we recently announced a financing at the beginning of the summer. we raised over a hundred million dollars. we have world class investors, including dan that are in this, and i think wouldn't that be great if we ended up with that outcome. it's our objective as a company,

we're going after a global opportunity with consumers around the world, and we're super excited about this innovation in congress. >> this is exciting, they got the right guy for it you know it all. that's scott cutler, ceo of stock x, read about it google it. i want you to know about it. i know it's private. this is one of the most exciting parts of commerce i have seen since when ebay was started. "mad money" is back after the break. - at southern new hampshire university,

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it is time, and then the lightning round is over, are you ready, we'll start with bill in pennsylvania bill >> jim, i got the backbone of some of the most popular web sites in the world, third quarter results coming up on november 7th, what do you think about cloud flare? >> they have really taken that one to the wood shed, i got to tell you, i think you're going to have to deal with a lot of

tax laws selling i would be careful i like the idea but wow has it been clobbered, not a good sign. >> roheit in washington. >> love your show, thank you for everything i wanted to get your thoughts on amb. >> i like it i like what lisa sue is doing. a lot say she's still kicking the butt of intel. holy cow, but remember, nvidia is also on fire. let's go to sharon in california sharon >> love your show. >> thank you. >> i'm turning 75 this week, i've been in the dividend reinvestment plan of epsilon, should i stay the course >> yes, happy 75th exelon, i happen to like dominion with 4.5. stick with what you're got, and you're in very good hands and i like your call let's go to richard in

tennessee. richard. >> hey, jim, this is stock market rich from knoxville, tennessee. i love endp. i want to know what you think about it, and i think it's a steal at these levels. >> you know what, i can't call it a steal let's just say it's a great spec i can't call it a steal because every time you call something a steal, it's like calling it a no brainer, next thing that happens is you have no brain let's go to ashwin in california. >> hey, jim, thanks for taking my call. i appreciate all your insight. merck, they will knock the stock down and buy more or get too excited about it and it will get knocked down buy half merck now, and half on the day it reports, it will be a good quarter let's go to gunther in florida. >> booyah.

i'm in palm harbor, florida, i have a question. pharmaceutical a good stock to own in the long round. >> it's fine it's a battleground, it's got a lot of short people, shorts banging it down and taking it up i have to tell you, i like the seattle genetics, even though it's up a lot. st it's not better i like both a lot. let's go to andrew >> i had his phone number, he didn't answer, i called, looked up. >> that's a little confusing to me >> what's the stock? >> hey, i'm looking into, booyah just wanted to get a shout out and see what you think about tandem diabetics. >> i like tan diabetics, it seems to want to do nothing. i don't care, i like the stock i also, by the way, you know, i like med tronnic, which is down a lot.

lightning round. the lightning round is the lightning round is sponsored by td ameritrade. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. now offering zero commissions on online trades. we charge you less so you have more to invest. ♪ pacifica: ted! goin' oneighbor: yes. takin' it off road station wagon? you know it's an suv! i know for fact your suv does not suck. why is that? it ain't got that vacuum in the back! we got to go. ♪ vacuum in the back, hallelujah! ♪

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it finally happened. i hardly noticed, all year i have been warning you that the flood of ipos would derail if you want to participate in a deal, you have to sell something, though, sell something else and lately money

managers have been selling the software as a service place, and i think cloud related has been slammed. i'm blaming the ipo market when this year began, i was worried it would end up looking like the end of the dot come era. we had two markets, the nasdaq composites, info space, and then there was the real market made up of the coca-colas and the merk 350 companies came public flooding the market with the endless stock from the ipos and from their secondary offers. there was too much new supply and it only overwhelmed demand the .com edifice came crashing down, day all got eviscerated and wall street soured on things tech and rotated back to the cokes and the pepsis, the high quality companies with consistent earnings and good dividends and buy backs. only a half dozen companies survived we're seeing something similar,

the cloud stocks are being clubbed. unfortunately there aren't that many and some cloud names are profitable, it doesn't matter, money is flowing back to consistent companies with healthy dividends, as long as they don't have too much china exposure, that's what we're seeing in the dow. once again, the new supply from ipos has overwhelmed the natural demand from buyers this happened sooner than i thought because there's a lot less demand for individual stocks than there used to be indices become the fault way 60% comes via the indices. they're not allowed to participate because they're not in the index that's kinds of what we don't want to have happen, isn't it. wow, many junior growth companies like to issue stock as salary which means there's a constant flood of additional supply it's like weak shale underneath the skyscraper it doesn't help that many are unicorns and soon the lock ups will expire. get this, uber's lock up on its insider sales, ends in a few

weeks. what can i get with $22 billion worth of stock, four times the current flow thank you larry mcdonald for bear traps for putting that work together and uber is hardly alone here. you put it all together, and this situation is just too darn similar to the .com unravrlinel. bad money driving out the good, unprofitable, new and public companies, leads into the profitable but expensive cloud names. did you see the way pelliton acted today. five firms wanted to buy it. one red hot group of clock socks is plummeting to earth oh, and the software outlook from workday last week took everybody by surprise. what do you do, if you don't own any of the cloud stocks, i think you got to let them settle if you own the higher quality cloud plays being brought down with the bad ones, you have my permission to pick at them into weakness be mindful that the whole group

is under pressure. you could have potentially a lot more downside. i wish i could offer more reassurance, but the vast supply of new stock snuck up on us, and it's causing a whole group to get hit. these ipos are a tsunami, better to get out of the way. the only piece of good news, at least we weren't annihilated by we work, the damage was according to the so called professionals who got their lungs ripped out by an overly dynamic entrepreneur with a terrific story and a real bad balance sheet. stick with cramer. it begins with a distinctive approach to managing money. that for over 85 years has focused on keeping confidence up when markets are down. an approach where portfolio managers work well independently. and even better together. who don't just invest, but are personally invested. can i find a proven approach designed to deliver results? with capital group, i can. talk to your advisor or consultant for investment risks and information.

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speaking of, guess what, again, it was not as bad as people feared and the stock roared that remains the operable theme of this quarter other than the industrials who helped themselves i like to say there's always a bull market somewhere, and i promise to find it just for you on "mad money," i'm jim cramer

and i'll see you tomorrow. >> narrator: in this episode of "american greed: the fugitives," you've won the lottery! promises like this, luring thousands of unsuspecting victims. >> they were very nice. "this is a wonderful experience for you. i'm sure you're gonna be very happy. now, what we need to do to process your prize is the following." >> narrator: but instead of paying a jackpot, roland okuomose is accused of ripping people off. >> not one victim has received any lottery or sweepstakes winnings. >> narrator: now this alleged criminal mastermind is on the