>> yes, xlf short a little off of this huge bank run. >> guy. >> bad news, good price action what happened today, pete? macy's >> all right that does it for us. we'll see you ckba here tomorrow at . >> my mission is simple. to make you money. i'm here to level the playing field for all investors. there is always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica i'm just trying to save you money. my job isn't just to entertain but to teach you call me at 1-800-743-cnbc. or tweet me at jim cramer. >> how in the world is it possible that the s&p 500 is up 25% year-to-date and other stocks are done.

consider the circumstances where the dow dropped and nasdaq is down .04% and think about it we're on the verge of escalation on the raid war and our countries is divided like no time since the civil war and the yearnings are barely expected to be up and two contenders for the democratic nominees have problem with big business and the market is still in bull market mode and it keeps climbing. first, you got to remember a year ago things seemed incredibly bleak the federal reserve decided to hit us with a series of rate hikes right when the economy started experiencing turbulence and it got obliterated you could see that there for most of 2019 we were rolling back to 18 losses. s&p 500 got blasted from 2937, that was last october, down to 2346 at the lowest last december, pretty soon we're going to annualize that when the fed got a clue and changed course, it came back

like a coiled spring which is why it is now at 3135. boom fed gets religion, boom like that of course i don't want to blame it owl on the central bank that is too superficial. but jay powell got way too hawkish and then the trade war with china and vice president pence gave a major speech about 14 months ago that made it sound less like a trade war and more than a cold war. and that speech made you feel like the tariffs were just the beginning and they were. but there were major headwinds in the fourth quarter of the year leading to some heinous numbers. first there is apple -- a very weak quarter at the beginning of january and the stock fell from $233 last october to $142 after the preannouncement. that is a staggering decline how do we survive that long story short, coming into

2019, everything was against us. the fed and the bears interpret the headlines in a way that was just down right frightening. [ inaudible ] apple told major weakness in tech and the tightens was rate hikes that wouldin vert the yield conservator sending short rates above long-term rates and that is a sure sign of a pending recession. but what happened? first apple preannouncement foretold nothing even for apple stock it bottomed after the horrific numbers and came right back in lazarus like resurrection. thanks to strong cell phone sales apple searched 267 as of today. sure it was down a little bit but you can't -- at one point it was down five and people were upset. please yeah, people were interpreting everything through the worst possible light and being armageddonist used by michael

semblist a strategist. late last year apple told us they would stop breaking out the number of cell phones and everybody assumed that iphones were falling off a cliff the opposite was true. they stopped breaking out the numbers because they want to emphasis it is more about the service revenue from the iphone eco-system the company proved that it could make a fortune away from cell phones including the watch and the air pads and then the new iphone comes out and boom, now apple is firing on all cylinders. and the fed wants to crush out the economy for nonexistent inflation and the armageddonists wanted to change course and giving us the rate cuts we desperately needed who could have imagined that the head of our nation's central bank would be so reasonable? certainly not the permanent pessimists for months the conventional wisdom said we were heading for a recession because of that yield curve i just mentioned as

that was something unfixable well it turns out it is very easy to fix when the fed stops putting inflation to bed now that the fed is your friend, and they are, the recession thesis is taken off the table. we'll find out next wednesday. and it sure doesn't hurt that employment down to last week jobs number. last year we were obliterated by trade wars this is only one that i'm concerned about. pence's speech last october signals the trade war would escalate and that is exactly what happened. will it keep escalating? while the president is consumed by the impeachment hearing that is a side show because the senate will never convict. we know the president likes to win but the problem with trade is his definition of a win is different from the wall street definition of a win. the wall street win is a trade deal, good or bad, didn't matter but the white house wants a good deal for america so they think a win means no deal. or at least no deal until after the election

what is trump thinking oh, it is hard to devine of course it is difficult to gage. two weeks ago the chinese community party adopted a new stance on cybersecurity. if you want to do business in china you have to use encryption that the government could break into and then weekend beijing pulled out dell and hp and they are looking to say to the president, we're not buying it you want to come in, you gotta take the consequences. but whatever the motivation, these are not the actions of a government that is eager to make a deal this is not like mexico and canada who want to do a deal with u.s. less they get punished and slow their own economy and hence the u.s. canada and mexico deal that is on the verge of being done china, i say fine. the trade war is hurstiting us. don't believe the conventional media. they are wrong they haven't done the work let it drag. i cannot believe that the president's even debating

holding off on his plan december 15th tariff hikes after the great unemployment number last friday and the north american deal on the horizon. we're in better shape than we thought. the economy hasn't wrecked so president trump has no reason what so ever to make a deal. he's got to hold off on the next round of tariff hikes. there is no reason to hold off he might as well pile them on, as a matter of fact, give china incentive to make a deal i'm thinking 30% across the board. i'm not kidding. but here is the one two punch. if powell doesn't know if he'll cut rates or hike them, the average could be pummelled i don't think he's that stupid by you never know. and we have a [ inaudible ] the president decided to walk away from negotiations next monday and listens to me and thinks about raising tariffs across the boarder more than they are, you better believe the armageddonists will be here

screaming sell, sell, sell i'm preparing you for that combination or anything that could bring out the negative nancy. this market will soar. but if they both go the other way, stocks are going to sell off and you have to be ready to buy them into weakness caused be the pessimists who dominate endlessly our airwaves let's go to brandon in virginia. brandon. >> caller: booyah, jim big fan of the show here. >> thank you. >> caller: i'm a young investor just graduated from college and i was looking at dks sports goods and hit highs today and slide 10% a week ago and what are your thoughts, i'm thinking about -- >> no, no the quarter was excellent and i speak to management dick's did a terrific job. can the stock drop a couple, sure, but they've done quite well they've made it so they've got proprietary line of product. i don't want you to shorting dick's that is a big mistake.

deborah in ohio. >> caller: hi, jim how are you. >> i'm good. how are you? >> caller: great i bought sky works three months ago and i was up 35% so i cashed in half of my positions but i'd like to buy more on dips do you think this is a good idea >> yes, i do and there are terrific pieces by bank of america and merrill lynch about how well sky works is doing and they have a great manager and a great 5g player and i've been saying that for some times about 40 points and i reiterate if that comes down, that is a good one dave in illinois dave >> caller: dr. cramer. so what is the s&p 500 oscillatortelling us these days >> well we're starting to get over bought. that is a day like today a little selloff doesn't hurt and we want that because we don't want to get too aggressive if we do that then suddenly we'll find ourselves in a fix by the end of the year andwe're still okay and still at a reasonable level. >> caller: jim, very recently

this pharma company published in enhanced phase three data on the leukemia drug bolstering the case for speed and efficacy and 40 days report if reported q3 results beating sales and earning expectations of course i'm talking about abv and you look this stock because it is a high ranking and a heavy weighting in your charitable trust and the stock is up 23% in the last three months. so, jim, my good mad friend, please tell us more why you like abbv. >> yes i'm doing the conference call on wednesday about this you are right. the stock was radically undervalued because when you make a acquisition people freak out and i believe the appeal for acu acute migraine is going to be good and i think just so you know that the drug johnson&jn

has and the stock goes to is 00. david in pennsylvania. >> caller: hi. how are you. thanks for taking my call. hey, i was just touching with you on vm ware i started to follow vm ware after a great interview you had with the ceo and i just wanted to get your thoughts based on the recent pullbacks since the earnings, seems like a real -- >> think it is going down and if dell is not good then vm ware is not good sanjay is the coo and i think he's doing a remarkable job and i think it is a buy and not a sell they're in a tussle but i think it is a good stock is it as good as splunk which is the best of the cloud stocks that we follow no but it is pretty good. all right. it comes down to china and the

fed. it is my job to prepare you for what could come this week. you are now ready for all possibilities because remember, if this market gets cracked on a -- some sort of news on trade that is not good for wall street, that may be your opportunity to buy "mad money" tonight. there are just 16 days until christmas. but the department stores never look irrelevant. and why they made more than a miracle on 34th street to turn around. and then two analysts enter but only one leaves. don't miss an epic showdown over the fate of at&t and -- is down 18% year-to-date is it time to buy or does the choppy action give you pause after that vm ware question. i have the exclusive with the ceo so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a

call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. 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. prevagen. healthier brain. better life.

we believe in education built for all people., - [woman] snhu was the best experience of my life. - [man] without snhu, i wouldn't be the leader i am today. - [woman] i graduated high school 19 years ago. i still finished. - [man] in the military, you feel that sense of accomplishment. that's what snhu is. - you will march from this arena and say to the world.. i did it. - [woman] you did it. i love you. - [graduate] i love you too. [ dramatic music ]ing ]

ahhhh! -ahhhh! elliott. you came back!

what the heck happened to the department stores? we're in prime shopping season right now, the period between thanksgiving and the new year but it is not an easy answer the department stores, their like a -- problem remember as in happy families are all alike and every unhappy family is unhappy in its own way that is from leo toll stoy and that is like walmart and costco and target are feeling similar but the loser like macy's and kohl's have self-inflicted wounds or like amazon, it is not their fault. amazon has incredibly low prices, come out with unbelievable convenience and brick and mortar retailers need

something to get you into the stores it is possible because walmart and target have kept amazon at bay by expanding digital capabilities and macy's and kohl's and nordstrom don't have the lowest prices or online experience they don't second major problem it is easier to return clothes that you buy over the web people would much rather try this on at home rather than at the store. returning amazon goods at kohl's, it is popular but the final trojan horse wheeled into the departmentstore. while some ended up making impulse purchases at kohl's with the discount but it is giving you yet another reason to order direct from the website. third issue, wall street entices the department store to do the wrong thing with the balance

sheet. and they borrowed money to fund the buy back and that is a terrible idea. over that same period kohl's has shrunk from 135 million top 7.3 billion. they have better off if they sat on the money that he would be much better off building out online capabilities [ inaudible ]. that want to raise rents every year to please investors and sometimes more than the shoppers are tenants and this obstruction of the mall is plain wrong for today's shopper. malls work for higher end specialty stores like a lululemon which reports this week the shopping center has more going for it but department stores are still stuck in the mall and it is just not working five, now these troubled retailers can't afford to offer the same level of customer service.

sometimes they have long lines and empty registers and this is all complaints that i read online they can't afford to be run efficiently. and the final cause of death, this is the cell phone our cell phones get better and better every year. to the point where you're already caring a one stop mall in your pocket where every you go whoever with the lowest price wins and as long as they have a quality delivery service the problem for macy's and kohl's is all of the trends are accelerating meaning it gets worse and worse with every past year perhaps even a miracle on 34th street might not be enough to turn this industry around. 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. prevagen. healthier brain. better life.

until a few weeks ago, the stock of at&t was experiencing a phenomenal bull run. after years of being lost in the wilderness the company seemed like it finally turned itself around and the stock is up more than 30% for the year. at the beginning of september management announced they'd taken a position for at&t for a compelling thesis to buy the stock and it was cheap and caught fire and the underlying company had a ton of room to improve now you have big time activists holding management accountable. then on november 19th the stock

simply hit a wall. it sank from $39 to $37 over a couple of days which is a substantial move for $280 billion company and since then at&t shares have been pretty much stagnant marking time what happened? craig moffitt downgraded to a sell and gave it a $30 price target down $9 from where it was trading and laid out such compelling argument weekez later and at&t has not gotten the mojo back and is it right, time to dump the stock after the humongous run or are you getting a piece of quality merchandise at a discount i want to go over the powerful sell recommendation but the downgrade derailed and i want you to know it because i have to tell you, i think a lot of you own this stock or are thinking about buying when at&t caught fire in september it wasn't because the people thought the company was

in great shape no one had any faith in management and bubble from mistake to mistake and 2017 they spent $67 billion buying direct tv which is an awful business. then last year at&t doubled down television spending $109 billion to acquire time warner even though it is tough to explain how a phone company will benefit from being under the same roof in fact, when elliott management announced they would take a stake in at&t, they released a blistering technique according toel not, the business had gotten too big for its own good and it is a plan that make at&t in a $60 stock and wow do i like the plan. how are they going to get there? elliott argued that at&t should sell off nonkwoer and pay off debt and bring in new leadership addition to dumping businesses like direct tv and bring in outside consultants to bring the thought so hot execution

if they could do all of that while protecting the dividend, it is 5.3%, the bulls at elliott believe the stock could go much higher in late october at&t reports the third quarter results and long-term forecasts. these numbers look like elliott's estimates. by 2022 they could earn between 450 to 480 per share and the company paying down acquisition from the time warner deal and management is working, and i quote, closely and collaboratively with them to unlock value which is exactly what the bulls want to hear. and it is why the stock rallied for the next few weeks it mostly depends on elliott and less on at&t one of the bet that the best run activist firms on earth, one that i had come to respect from looking at the rigorous work could force this giant to turn itself around. but wait a second. how is craig moffitt able to

derail this story? when he saw that the rocks would sell roughly three weeks in november he made a compelling argument he thinks the at&t long-term forecast is absurd and when you drill down it is hard to see how they'll be able to hit the targets for 2022 this is a company with a bunch of declining businesses. think wire line and cable tv and the only bright spot is the stagnant wireless business and that division will help to accelerate dramatically to offset the -- to offset the weakness in everything else. given this bleak out look moffett argues that at&t stock was too expensive and down a buck and a half since then but the momentum is gone so does this bear have a point i hate to waffle like this, but yes and no i think he's right that the new long-term forecast need to be approached with skepticism but that doesn't mean the stocksle is this is very ambitious

that is the whole point. after complacency somebody is holding at&t's feet to the fire. plus i get the sense these targets may be doable than moffett would have you believe for acceleration wireless with 5g at&t expects a pick up iphone sales in 2020 and 2021 and i agree and the forecasts seem more achievable and the chief financial officer spoke at wells fargo technology and telecom summit and he went into detail about how the company would hit the targets making encouraging comments about the warner media business which has seen strength thanks to hab hbo and cinemax. in other words the legacy division moffett is so worried about might be doing better than you think. if at&t could step up wireless growth most of the costs are fix sod it will give the syrianin--

more earnings and buying back stock going forward and that is exactly what the bulls want to hear but i would prefer them to raise the dividend, buying back stock is enough already. put it together, moffitt is missing the force through the trees for the sell recommendation even if it is borderline for them to hit the forecast for 2022, i don't think the bulls are banking on the numbers this is a forced turn ash meaning the management is forcing at&t to get its act together if the company can't make real progress toward the long-term guidance i believe elliott will come down like a ton of bricks and bring in a new team. but at&t has some iconic brands but it is been over a decade since management was motivated to create value. if you buy the stock here, you're betting that the company has a lot of room to improve with more focused leadership giving that at&t is selling for 11 times next year's earnings

and 5.3% yield and i think it is a bet worth making bottom line if at&t were trading in the 40s or mid-50s where elliott believes it could go, then the stock is a sell but at $38 at&t is trading like those estimates are unlikely and if management could deliver i see this stock going much, much higher john in florida. john >> caller: hi, jim long time listener, first time caller. >> okay. thank you for calling. >> caller: and i just wanted to say thank you for helping me make money on disney i bought a bunch back in the 40s years ago and i sold it because i thought it was time to take the profit and i wanted to know should i keep buying or holding on to the rest that i have or sell it? >> well first of all thank you for the kind words hold it. i'm doing a conference call for plus.com members and i'm going to say hold on because i think next year is another big year

and i like disney plus i think that bob iger is going a good job bill in arizona. bill. >> caller: booyah. bill from arizona. thank you for everything you do to help the everyday investor. my stock is siena ticker symbol cien and reports thursday before the bell had a good third quarter beat back in september but dropped 20% since then was wondering if it is a buy now? >> that is a very-this stock is so inconsistent. it is either great or bad or great or bad and that is too high risk of a name for me if you want teleco equipment at a discount by marvel, mrvl is doing reorganizations to switch to 5g and people don't see it. they are willing to buy sky works and be willing to buy more develop. the bulls and bears raise good

points when it comes to at&t but i believe the stock will go higher if management delivers. i do think they will though. much more "mad money" ahead. 15,000 data centers trust nutanix. i'm talking with the ceo then it is no home sweet home to at home. i'm eyeing the company with a tough quarter. and all of your calls and rapid edition of the lightning round so stay with cramer. (vo) the flock blindly falls into formation.

flying south for the winter. they never stray from their predetermined path. but this season, a more thrilling journey is calling. defy the laws of human nature. at the season of audi sales event.

we need to talk about a company named nutanix and deals with hyper converged systems their platform allows businesses to combine all of the server management and storage into a single package i felt this is an intriguing story but the stock has been a

wild trader. down about to% for the year but up 100% and it is causing volatility when it reported late last month they knocked it out of the park and the stock surged from 28 to pe in a single day but the question can it keep climbing. let's cheek in with dheera pandey to get a center of where the company is headed. mr. pandey, welcome back to "mad money." >> thank you it is a pleasure, jim. >> now you are involved in a difficult transition and for some people it looked like you're flat lining but underneath there is a tremendous change into a business model that is far better so can you walk people through what is happening so they don't judge a book by its cover. >> i sit on the board of adobe and i understand how difficult transitions could be what we've done in the last nine to 12 months is take our entire

billion and a half business through transcription and on the other side of the transformation is a much more efficient business model but a highly portable licensed model that our customers could use both in a private cloud as well as in a public cloud and a lot of large corporations are thinking about hard do they need to own technology or have access to technology so the subscription transformation is a great gateway to look like a hybrid cloud customer of ours. >> so you mentioned in your call that an apparel manufacture placed a big order with you. is that one that is subscription or is it license and what are they doing because our viewers want to understand powell versus the more on strus customers that you have. >> i think this idea of all of our large customers is around subscription and most of the licenses last quarter 66% of the customers are more than million

dollar deals and most were subscription and they bought us for ease of use and portability of license meaning they could take our technology and virtualize and simplify and integrate the multi-cloud experience so that one deal that your talking about is portable licenses. >> another way to explain what i thought was a nifty way to talk about the countries and i use the music analogy that i think our viewers will understand. maybe you could go through what i regard as a sem -- a simple way of understanding what i is going on. >> that is a great question. if you go back 15 years, iphone transformed music. they didn't reinvent it. they just made it stronger and 99 cents songs and people did one song at a time well then it wasn't enough and people are owning music with itunes and here comes spotify

you want to have a subscription to a stream so we went from ownership to access. and that is exactly what is happening in the enterprise world as well. people are saying if i need to really consume a bunch of products they want to own the products or really own a subscription where i can really stream products from a particular vendor and that is exactly what is happening. as we've gone from being a single product to a market product company, and the fact that our licenses need to be deployed in a public cloud as the private cloud, the only way to have given this freedom to our customers is subscription. >> now but you're also -- that is a good way to outline it but also a feisty guy and i'll present a quote that you guys are out there with which is a company that has been on quite a bit. you write vm ware is postponing the inevitable with two or three silos and you can't call yourself a hybrid company.

you're taking a shot over the bow with vm ware how do we know you could go head-to-head and win. >> the company that took the hard stuff up front. you look at microsoft and adobe and auto desk. many of the companies took an on prem model and said we have to go and move subscription yet others didn't. and they are still on on prem company, a business software company that didn't take the subscription transition head on. we believe that customers are really looking to deploy licenses anywhere and everywhere now all of that being said, i also am pretty comfortable where the state of being that we're in right now. sometimes we're an app on top of vm ware and other times we are the platform and the app itself. so all that being said, i think it is a shot across the bow for every company out there to think hard about what the hybrid cloud means and how to provide access to your technology, to your customers so they're not really

tethered to an on prem model alone and could have portable entitlements. >> i want to know, how business is we have a lot of enterprise companies and the software companies telling us first cisco came on air and said it is getting harder to sign deals and it was -- it caused me to pause because i think the secular increase in the business is so great. is it getting harder for you to sign deals >> well, we've retraded our yearly guidance and we think that right now we're not that big of a company that we'll see the same kind of effects that some of the very large companies have seen from across the board. we do see a pretty good america's enterprise market and so some of the large deal behavior the last quarter reaffirms the confidence about the macro at least as of now >> excellent okay dheera pandey, always good to talk to you, sir

appreciate it. >> thank you. >> "mad money" is back after the break.

it is time it is time for the lightning round. and then the lightning round is over are you ready? [ inaudible ] starting with bob. >> caller: jim cramer, the great and powerful wizard of the boo yeah i need help with kellogg, k. >> between kellogg and almost the stock had a bit of a run with we go into this and petter is pepsi, pep. to farook in illinois. >> caller: hi jim. booyah from the windy city. >> good to have you. >> caller: thank you so much for everything you do for us home gamers. >> your very kind. >> reporter: >> caller: and the younger generation my daughter is into it because

of you what are your thoughts on teledoc. i know you're passionate about it. >> and i am. and i know there is a head and shoulder pad and people are worried about that kind of thing and let me say they got downgraded and the stock barely got hurt wait a fee weeks to see if the head and shoulders pattern continues. i do like the stock. evan in new york evan. >> caller: hey, jim. what is happening. >> not much, how about you. >> caller: i'm good. went, is that a winner, w -- >> no sents to go out in front of the trade deal. no sense no sense at all. robert in arizona. robert. >> caller: hi, jim asking about irm. >> i looked at this dividend several times and i believe it is 7 1/2 and i know it is a boring stock i don't care about boring, i care about income and it has it. dennis >> caller: booyah jim.

>> how are you. >> caller: thank you thank you for taking my call i'm in around 20 with the stock and i was wondering what your thoughts on exel. >> we've liked this stock and it has come back down but after what happened this weekend with all of the biotech companies that have to bid, i insist that you keep your position on in the situation. let's go to rick in california rick >> caller: hey, booyah mr. cramer great to talk to you and from sunny southern california. >> good to have you. >> caller: appreciate everything you do love your wisdom and your humor, especially in the morning when you are on squawk. >> thank you >> caller: so i got this stock, you recommended it not too long ago, i bought some of it and i took your advice, don't buy it all at once and i waited, good thing i did because it went down a lot and now it looks like it is at the bottom and the stock is revolved. >> i like revolve.

e commerce company i like it. women's fashion. i have to tell you stitch fix and everybody blasted me when i said stitch fix would be good and there it is tonight with just a gigantic upside surprise and people are saying, well, wait a second, jim you burned me. are you kidding me the stock has a 50% short position so i think revolve goes higher let's go to jean in hawaii jean. >> caller: aloha jim. >> mow hallow. >> caller: the stock i'm interested in fitbit. >> it is time to ring the register who knows what will happen we're not arbitratoror move on. black in kentucky. >> caller: hey jim. >> how about you. >> caller: pretty good just want your opinion on advanced micro devices. >> we think it goes higher can it go back to 35 of course. mu is down tonight but i like the stock. and that is the conclusion of the lightning round.

>> announcer: lightning round is sponsored by td ameritrade ♪ ♪ ♪ a more secure diaper closure. there were babies involved... and they weren't saying much. that's what we do at 3m, we listen to people, even those who don't have a voice. we are people helping people. doprevagen is the number oneild mempharmacist-recommendeding? even those who don't have a voice. memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life.

what separates the winners from the loser i know you care about this last week at home group, the superstore chain reported a hideous quarter and it plunged from 8.55 to $5 in a single

session that's a 35% decline people here thought what could go wrong whoa, guess what they rebounded today gaining is he 11.6% and the stock is working into the lower for over a year last summer it trading over $40 and now it is at $6 and change and this is the second hideous gap down in 2019 alone that is bad. guys, this is -- look at where it is. okay this is not just like a $12. i feel for these guys. i do management has been trying to turn things around they came on the show a few months ago to tell us their plans so but far they failed so what can we learn from the at home debacle the home decor space is divided into what i regard as the haves and the have nots and the haves you have rh and which is the company known as restoration hardware and sinoma thriving and

target and t zbv x home goods is on fire yet at home -- so out of this become one of the have nots how does it go from $41 to $6 in less than a year and a half. i keep you out of stocks like this because there is no good stocks that could make up for something like this debacle. first couple of years as a public traded company at home was beloved by wall street and couldn't get enough of it. company had a fantastic same store sales number and putting up new stores all over the country. it looked like a regional to national growth story, work in one area and then the rest of the country but then the numbers started deteriorated and same store sales were inconsistent. and first they blamed the weather but be careful when you hear that and then the tough economy in the fourth quarter. great job growth however even last year it was obvious that at home had made

operational problems with the cfo left late last summer and that is not a good sign and they have have raise money and even as the stock got clobbered and many analysts refused to give up and dug in their heels and thought it was a sound concept terrific runway for growth no wonder people got blindsided. when the company reported in the second quarter it plunged to $7.50 in a single day. a single day what went wrong? weaker than expected earnings and guide an is down and management forecast 67 to 74 cents and that is a huge miss and it was palpable. it was -- >> the house of pain -- >> and then they bent over backwards to issue that kind of guidance and talk about how

you're making great operational progress the same thing i criticized kohl's for in the last quarter a value play overnight because there is not much of a constituency for troubled retailers with lousy execution fast forward to september. company reports a better than feared quarter and the stock rebounded back above 10. the problem, if you actually did the homework, at home numbers were still distressing even after taking a meat ax to the expectations in the previous quarter, management to slash capital expenditure and a bad sign we want growth now around this time you may remember this. around this time at home ceo lee bird stopped by here on "mad money" to tell us his story. he made some bold claims listen to this >> i think there has been a lot of cloud in the story.

we feel like the market doesn't quite understand and sees us as -- well let's say we are undervalued. >> no. after the numbers at home reported last week maybe they're the ones that don't understand the results were fine and slightly better than expected but unfortunately they gave atrocious guidance for the next quarter and slashed the full year forecast. no wonder investors headed for the hills. where the weakness coming from as bird said our revised out look for the year primarily shows our christmas offering drick by holiday environment and the impact of a late thanksgiving as a result we're taking pricing action to address the issue within the current quarter, end quote, ouch, dramatic, price cuts however, that is really a symptom of a larger problem. rh and sonoma are not having problem and now at home is having an identity crisis, that is why if stores fall in between the value category and the regular

full price home goods category we know consumers love bargains and wealthier consumers are willing to pay up for high end merchandise but the middle, waste land if it is off price it is good, if it is online it is good, if it is in the middle, it is a waste land at home is trying to transition on the fly hence the huge price cuts and having mixed results to put it diplomatically at home stock is having the same problem. it is no a growth stock like it used to be so the growth oriented funds don't want to touch it and while share price is hammered, i'm not sure it come down enough to appeal to the value investors. given the repeated disis a appointment you have to wonder whether this is a value stock or a value track. the latter being a nightmare the bottom line is the rrts world is stark if you don't have exactly what consumers want they are taking their business elsewhere that is why at home has been obliterated as rh wins some and

tjx and home goods thrive. i say forget the losers, stick with the winners i think you'll make a lot more money. stick with cramer. - [spokesman] if you've tried college but never finished,

(group cheering) 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

most people think as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. (second man) virtualize their operations. (woman) and build ai customer experiences. (second woman) we also keep them ready for the next big opportunity. like 5g. almost all of the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready. some stocks are too heffly started like stitch fix. the bet against it is some company was wrong. there's always a bull market somewhere and i promise to find it for you right here at "mad money. i'm jim cramer see you tomorrow

>> narrator: in this episode of "american greed"... fugitive jason derek brown is a mormon missionary turned party king. >> from ski trips on the boat, to nights out at the bars, to motorcycling and atv'ing in the desert, he wanted to be the life of the party. >> narrator: jason's playboy life is bankrolled by a series of scams. but when money gets tight, he plots his most elaborate scheme yet. >> when people are in desperate situations, they do desperate things. [ gunshots ] >> he was down that alley, on his bicycle, and long gone.