lower the bond etf and i think the conditions ash the world speak to buying. >> take us home. >> courtney, we're thrilled your back bed bath and beyond, i think you stay long into earnings. >> that is going to be a good one. i'm going to be very interested to see what happens there. there. that does it for "fast money." "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 is always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm kramer. welcome to "mad money. my job is not just to entertain you but to educate and teach you. so call me or tweet me and be nice. is the market wrong? that's how i felt today, that it was likely wrong

dow only gaining 69 points, s&p climbing .35%. you got to wonder if the buyers are simply stooges are they ignoring headlines like fallout deep yeps for u.s. strike that was from the "wall street journal. and these headlines were as wide as you can get have we forgotten that iran vowed to get revenge for the assassination of its mastermind, general qassem soleimani are we whistling past the graveyard of their inevitable retaliation? it sure feels that way just a short 12 hours ago, the s&p were looking down 1% news on the trump's adtrati administration 200 point dow jones deficit. what a comeback. so what's going on here? all right, look, i'm willing to suspend my belief that perhaps the market's wrong and give you

some ideas because there could be many different forces at work first, investors have learned that these kinds of events tend to be buying opportunities since president trump took office we've actually had three conflict-related sell-offs while they may have seen disturbing at the time, they were all moments to buy, not to sell in the late summer of 2017 it looked like we might be on the brink of war with north korea, especially after trim called kim jong-un little rocket man after the u.n. tweeted about fire and fury in the wake of those provocations the s&p lost its value from august 8th to august 21st. but that turned out to be a fabulous buying opportunity. instead of war with north korea, then we got to -- second in april of 2018 our government fired more than 100 missiles at a syrian airfield in response to a suspected chemical attack perpetrated by the assad regime.

the futures plunged on the night of the airstrike, but zero impact on the actual stock market the s&p rallied for the next three sessions after the launch. finally, don't forget we just had a big confrontation with iran in september. the iranians attacked and wiped out a huge chunk of saudi arabia's oil infrastructure. once again though, there was enormous concern that we would retaliate against iran because saudi arabia is a close u.s. android. but the stock market barely responded. the damage was recouped the day after that, kind of like today so it's entirely possible that friday's decline represents the market's typical reaction to heightened geopolitical tensions then history says well you needed to buy when things were most ugly, which would have been this morning much of the media is acting like this assassination is effectively a declaration of war. they make it sound like a ground

war's inevitable i don't want to be glib about this, taking out soleimani was a big deal iran restarting its nuclear program is a big deal. but the situation is in flux, and de-escalation is a real possibility. that's how you get a situation where the stock market's attitude is less world war iii and more what me worry the second reason stocks were able to rebound today, guess what, a rally's not necessarily out of sync with preparations of war. stocks go higher when the cannons go off but maybe the assassination was cannon enough. because of how you feel about trump, most traditional media outlets love to hate the guy most of the articles i read made the stories sound like apocalypse now but the market didn't buy it, at least not today. of course if iran retaliates hard, today's buyers will turn out to be dead wrong however, i think it's worth entertaining the possibility

that they might be right again, remember what i'm trying to do? i am trying to recalibrate my negativity there is an amazing number of stocks that thrive when interest rates fall, and they did and while they bounced a bit today, these stocks had fallen hard since last week from companies with big dividends to ultra fast growers, they're all higher yielding dividend names with zero economic sensitivity, exactly what you need if you're worried business will take a hit from a possible war so rbc put out a recommendation urging people to buy sales force. the stock was up more than $7, 4.4% sales force is $154 billion company. meanwhile, apple caught two price points there was a downgrade too. no one even paid attention to it anything that's good for apple

is good for a whole host of folks. and pivotal recommended alphabet pushing that stock up to 2.7%. that strength boosted spotify and a host of other fast growers that most likely won't experience a slowdown from any kind of escalation in the middle east at the same time there were no downgrades of substance today. let's just say we are about to hear from some very, very good companies at ces that carries far more weight for the nasdaq fifth, there is the political aspect when it comes to the democratic party in the primary, the prospect of war puts foreign policy center stage. remember the stock market desperately wants a trump/biden contest because biden doesn't scare wall street the way, let's say, senator warren or senator sanders do finally, six, we've heard it all before it's not like we were on good

terms with iran a week ago those "death to america" chants, well, they aren't anything new the iranians didn't suddenly take over in iraq. that's been the case for years the only big change here is that iran restarted its nuclear program. but to a lot of people that seemed inevitable anyway and there are always some people that say they restarted a long time ago the market is overbought there's way too much complacency, way too much greed, not enough fear. it's too darn pat, especially in the face of earning season that is about to begin. my view, i think today's buyers, let's just say i think they're being a little too glib. we have no idea what iran's going to do, but they seem pretty darn resolute it seems irresponsible to bet that they will just let this thing go however, the dividend stocks say i'm wrong. the slowdown stocks say i'm wrong. that's a whole lot of wrong to take in. the bottom line, the market's

rebound today may not be as crazy as it looks. every other time that major conflict under the trump administration, it's been a buying opportunity but, you know what i'm still recommending proceeding with caution. at least until we get a clear sense of iran's next move. let's go to michael in georgia michael? >> hey, jim. i'm calling about my sprint stock and the upcoming merger with t-mobile. some people fear that the merger will not go through. and i want to know if i should buy more, hold onto what i got or sell? >> i am a big believer that t-mobile goes up in any scenario so you have to understand that the one to buy is t-mobile let's go to mike in ohio mike >> hi, jim thanks for taking my call. >> of course, mike what's going on? >> i love the show i enjoy listening to you, and i've read your books, too. >> awe, you're very kind, thank

you. >> so i have owned caterpillar for a little while and i have an average basis of 133 and the stock is near its 52-week high, but it's 10 to 15% away from its all-time high. i love the company, and i like how -- i like it better now that the trade tensions have eased up >> right >> and the balance sheet seems to be favorable and also pays a nice dividend of about 3%. however, it seems to be developing a slightly less favorable peg ratio of 1.5 or so and peg ratios, of course's concrete to a concrete earnings forecast i wanted to get your thoughts on where you think the stock is headed >> it's still 13 times earnings. just take a little off the table and be ready for a quick decline on a sell the news basis on a chinese deal let's go to bob in new york. bob? >> hey, jim.

with a dividend of over 9%, being in the airline service industry, is this company at any risk due to the iranian crisis, or is it a business that's indefensible >> i still think that that 9% yield is a red flag. a lot of the infrastructure stocks away from that have not done well. i am sorry that i'm going to have to say "don't buy." >> we have no idea what iran's going to do. i recommend with proceeding with some caution until we do i got a conference call wednesday for a club member, and we are kind of sitting on our hands. "mad money" tonight, with everybody snapping selfies, it's more important than ever to feel good and look good so could a stock like planet fitness get your portfolio in good shape and the stock market's strong start in 2020, some sectors are rising with the news i will tell you if it's time to eye the defense stocks

and with news on the axon manufactured taser and defense guns, wondering what your next move would be with the stock, it got hammered today so i'm going to talk to the ceo stay with kramer >> don't miss a second of "mad money. follow @jimkramer. send jim an email, or give us a call at 1-800-3-bc74cn miss something head to madmoney.cnbc.com.

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it's new year's resolution time and millions of americans vow to get in shape, including yours truly. everybody knows it's coming, but it makes me wonder what's up with planet fitness, the rapidly

growing gym chain. planet fitness has built up 2,000 franchise locations that encourages new people to sign up that's translated into some remarkable numbers and the stock roughly tripled since i started rekcommending i in august 2017 it's still done more than 6 bucks from its high. so could this be a good buying opportunity? let's check in with the ceo of planet fitness to get a better read on where his company's headed good to see you. >> happy new year. >> what can you get for 20 cents in this country? >> 20 cents? not much you can join planet fitness. >> how about now on january 9th? >> $10 a month >> now how is that possible? >> we do it for a long time and make it up in a lot of efficiencies in our model and

cater to the casual first-timer. >> now, the judgment-free analysis is what i always like there is another company called peloton. and i look at their commercials. and i know i will never be like that, and i feel intimidated by that will i feel intimidated if i walk into a planet fitness >> absolutely not. we have all shapes and sizes from 18 to 80. and a lot of them have never belonged to a jim in their entire life. >> then what is bold fit >> we kicked it off with new years. i've been saying it for a long time is that the whole industry and really as a society think that fitness is very complicated, you've got to work out for five, six days a week for 90 minutes, and people just don't want to give it a shot because they set themselves up to fail. forget about price points spending $2,500 for a bike a hundred dollars a month for a

gym membership we want to break down the barriers of people working out if you work out once a week, you're better than if you didn't do it at all >> it's a franchise model that franchisees must be pretty happy. >> a big benchmark for us. it was new year's eve we hit the 2,000 mark that was quite the celebration for us all just the beginning we have the potential of 4,000 >> every time i speak to a real estate investment trust that's invested in retail, they say don't give up on us, we have planet fitness >> we drive about 5,000 workouts per week per club. the majority of those are monday, tuesday, and wednesday so we drive a lot of traffic we did some studies, over 25% of our members said they never attended that shopping center until they joined our club that's good traffic. >> i'm a little overweight,

okay i'm not where i was after the hol -- before the holidays >> no one is [ laughter ] >> what i'm wondering is how much of the hangover at the end of the year inspires people to go to planet fitness >> getting in shape is a lot of it that's why new year's eve and times square has a big kickoff square but really april is a big time of year for us >> i always say this, but there is always new people, and your background is something i mentioned to people all the time about why i like planet fitness. >> this is our 28th year i've been here for 27 years now. so from 1993 i started i worked at the front desk making 6 bucks an hour and never left >> that's an unbelievable story because we don't have many ceos who have worked their way up, which is one of the reasons i think your model is so durable >> once a month i work at the front desk and i get more ideas

coming out of them than anywhere else >> you opened in australia, and from what i can tell, it looks like armageddon there. what's the story >> we have two clubs open today, phenomenal success so far with those two clubs. they are not affected by the fires yet. but we have two u.s. franchisees. >> but to me that seems like a template -- all over the world they need planet fitness >> oh, all over the world we learn that in australia, 85% of the population doesn't have a gym membership it's like it was in the u.s. when we came up with this. >> i think that -- i do need your take on the incredible controversy involving peloton. >> i knew that was going to come up >> you have a person who, frankly, again, this is an intimidating person to look at if you're someone my age in weight and it seems kind of odd that --

well, i'm going to let you tell the rest >> and it comes back to what we just talked about what the industry's done is has everybody thinking that you've got to work out six days a week, two hours a day to get in shape, and you got to lift truck tires and you've got to spend thousands of dollars on a fitness apparatus you know something work out once or twice a week. i think the backlash they got was what we hear a lot is i got to get in shape before i join a gym. planet fitness is judgment-free. and i think with that it was more getting fitter. that's what the industry's about. last year in 2018, ursa mentioned -- the industry opened 1,100 locations. we opened about 20% of that. the industry added 1.6 million members. we added 1.8 million so we had 100% industry growth >> that's what my millennial friends say which is they can

also afford it they can't afford a lot of these other things i hope you see why we have liked this one to me this is much more of a story about trying to be healthier, not trying to be the best looking person in the world. thank you so much. >> i appreciate it apps are used everywhere...

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everywhere i went this weekend, people kept asking me for a war portfolio. how do they get in shape for what they see is the coming of iran they think there is something to worry about, something big i don't know if they're right, but war's obviously on the table. so in the interest of caution, let me give you my, the world is a dangerous place portfolio, which reflects imminent conflict including attack by iran on the united states followed by some

sort of retaliation. maybe iran closes the strait of hormuz, that handles 21 million barrels of oil per day maybe they use conventional weapons. maybe they use a cyber attack. first up if you really believe we are headed for war, you need cash, a lot of cash. and you will probably make next to nothing when you're cash-hurt. when i look at the value of treasuries i like going up three years. three years covers you of course the opportunity cost is monstrous three-year treasury notes only pay less than 1.6% interest rates now, i got to tell you high-quality common stocks, i like the quality stocks but that doesn't mean because cash is king in these situations, i mean cash lets you take advantage of buying opportunities. so this is the most important component of any portfolio in the world is a dangerous place category now for those of you who want to

avoid parking your cash in individual treasuries, i see money market funds getting a slightly better return than that if you think that an actual shooting war with iran is imminent, i recommend putting, get this, half of your capital into cash regardless of your age group. because that's a true war-time allocation you're going to be ready for anything second essential part of a war portfolio, gold. i prefer owning the bullion or the gld. that's an etf that tracks the price of the precious metal. but if you're really serious about war worries, bullion is safe and if you're really extremely paranoid, you go outside of the united states and open a deposit box in a foreign country and put it there extreme, i know, but the world is a dangerous place i see gold running from the 1560s to $2,000 during an all-out war. i got a couple of stop-base alternatives, a value play and a growth play. on the value side there is

barrick gold it requires the old rand gold. i like barrick because it's got tremendous assets, but the combined entity's only just begun to gel they're committed to producing strong returns for their shareholders, which is a little bit different from the old days. mark bristow is one of the best in the business and he runs a very tight ship. thanks to those moves, the company now has a stunningly clean balance sheet. so maybe you want more of a growth gold miner. go eagle that's run by sean boyd. unlike barrick, this operates in a relatively safe location, canada, finland, northern mexico the company's been able to make a fortune with gold. i can't wait to see how much

they make now that they're higher and the stock's currently off 4 points from its high third component of a war portfolio, utilities if you want safety, go with american electric power. con ed doesn't produce electricity, just passes it onto customers, 3.4% yield. you've also got my blessing to buy dominion i speak with the ceos of these three utilities regularly. i like what i hear say if iran closes the strait of hormuz, that's going to produce a big spike in oil prices, but american oil producers will eventually make up that difference, believe me here we go, first there is the best oil service company, they should have a lot of business

with higher prices because that sure spur more it's typical country investment. ceo's committed to the dividend. how about a pioneer natural run by the great scott sheffiel. makes oil profitable bp is 6.2% yield conaco reported a better than expected quarter the fifth component of a good war portfolio, obviously you need a defense contractor. i like l3 harris that's the combination of the old l3 and the harris run by bill brown this company has an integrated mission systems business that's all about intelligence, surveillance and reconnaissance. it's also got a space and

airborne division where they handle cyber, avionics, electronic warfare, precision engagement centers and drones. l3 harris makes exactly what our military needs, to wage war in the middle east. that's the one to buy, guys. at $211, the stock is only down about 6 bucks, but all these defense contractors run a great deal, not this one if you believe we are headed for war, it is absolutely worth owning here. and in terms of the portfolio, be it's probably the one that i would buy with or without a dangerous place. that said, i can't recommend raytheon it's merging with united technologies, which is then breaking itself up into three corporations once it's acquired, raytheon will no longer be a pure play on defense. plus, i think it's rallied too much same goes for northrop grumman finally, let's not forget cybersecurity. for that we have crowdstrike, which just came on the show last

week and told us that it knows how to stop attacks from iran. unfortunately, the stock caught fire today so you might want to wait. if we really get the conflagration that so many people are expecting, you have to be ready to take a beating, at least in the short term my portfolio for the world is a dangerous place, though, it should make you money. so if you think a genuine war with iran is inevitable, you want cash, gold, and cybersecurity. and i bet even in the time of turmoil, this portfolio will work for you let's go to rd in kentucky >> i'm looking at silver asa precious metal i've always liked it i wonder how much of it should i invest in my portfolio >> i'm not a silver guy because there is industrial uses i'm a gold guy i like a couple of gold stocks i cannot in good conscious recommend silver

it's never been what i'm into. let's go to robert in oregon robert >> yes good afternoon >> good afternoon, robert. >> my question today is my siblings and i inherited some stock this year in aerojet rocket dyne. and i'm looking to maybe purchase some more of this it's been a steady performer over the next three years and now with the creation of the new space force and nasa and our current political climate, i'm kind of wondering what you think of this tock >> i've been genuinely surprised that it hasn't taken off more. it does not have enough analysts writing on it. i think getting in ahead of that is a good idea you've got a winner there. let's go to john in new jersey >> i'd be remiss if i don't see my condolences for the eagles. if it makes you feel better i'm a jets fan >> i just hope carson wentz

feels better >> i own what i can in nucor i have $2,500 in it. i bought in july at 56 i know the macro in both trade war possible, you know, with the election, and so forth like that i want to know your feelings on nucor. is it an own or a trade? >> it is definitely not a trade, it is an own if you do the homework on nucor, you will see that they've never had a tough time when all the other steelmakers have but that's why it is the blue chip of the industrial steelmakers, 3% yield, safe yield. that's the one keep buying it keep owning it if you think you need a defensive playbook, well, you have to be ready for the market to get hit in the short term but these are your go-to asset elements and, again, i say that this portfolio could actually make

you money. we are not profiteers, but that could make you money could axon's drop be a buying opportunity? and a retail surprise. what it could mean for your wallet and "rapid fire"'s edition of the lightning round. so stay in touch with kramer tomorrow, kick off the trading day with "squawk on the street." live from post 9 at the nyse >> you take a look at a 20-year on this when they were dominant do you remember at the turn of the century before apple had an iphone, obviously? >> well, this is when we thought it was a telco company this is when we realized it was a river in finland >> it all starts at 9:00 a.m. eastern.

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all right. what do we make of the small pull-back in acts on enterprises stock, that's the company formerly known as taser international. in recent years their transition

from a supplier of nonlethal weapons, and it's an ecosystem it's no longer a one famous trip pony that strategy shift was brilliant. we've been big fans of this story the whole way up but last week axon's stock hit a wall on friday we learned that the federal trade commission wants the company to divest. they also want axon to hand over its technology in order to help get this new competitor off the ground they are suing the ftc to prevent it stocks now pulled back since the story broke. the ftc has add someday uncertainty here so let's take a closer look at bricksmith, the founder and ceo of axon enterprise what this might mean for

shareholders good to see you, mr. smith before we get to how well business it, can you explain to me why the ftc is upset that you bought a company that might is gone out of business if you haven't bought it? >> we are trying to figure that out. we acquired them with less than 1% of our market cap and they were losing money hand over fist they had three days of cash on hand and no source of funding. so we bought them to step in and make sure that the customers they were servicing wouldn't get interrupted and we could build those relationships long-term. the reason they were going out of business, they had signed a deal with the nypd that was pretty challenging for them, it was leading to huge cash flow problems >> let me understand this. how can they have it both ways how can they say, look, you've got to give up all this technology, but we also

recognized that the company could fail without you a fail exception if you think there is a company that's about to go under, you are allowed to buy it >> we believe a failing safe harbor applies obviously the ftc has indicated they don't agree, and that's one of the reasons we filed preemptively in federal court so we could get this in front of a federal judge. >> the market is saying this is going to hurt earnings if you don't get to keep them, and you have to fund them, which is pretty odd >> i would say unlike most companies at axon we litigate a lot because we have police equipment so we have a full-time litigation team, and they are spectacular. and i'm excited to see the work they've done on this case, and we are excited to take it to court. >> all right, well, one of the things that we did, and i think you know this, we came out hard recommending your stock when you came out with a compensation plan that was so aligned with shareholders i had never seen anything like it before. tell us what it was and how it's

worked >> about two years ago we came out with a plan where i moved to effectively zero pay, but it's minimum wage in arizona. and basically i earned stock as the company hit some pretty large milestones now we haven't hit any of them yet because this is a pretty aspirational plan over the next ten years, but i think we're on our way. i think that your mission is very clear obsolete the bullet, reduce social conflict, enable a fair and effective justice system to me that seems like so compelling, why would anyone use anything else? >> you know, when people test our products, we have a very high win rate because we are so mission-driven, i think our team just really builds great products >> give me the objection to that that you hear. >> well, i think the ftc's, you know, objection here was that we have a strong presence in the market and for whatever reason they

took some issue with us. >> no, but like what's the police - >> oh. >> what are they -- who wouldn't want this is what i'm saying, given the fact that there is such civil strife in urban areas. >> we are seeing a massive shift in policing towards body cameras. you hardly meet a cop today that wants to go on patrol without a body camera because it protects them and it protects the public. >> so talk about taser 7 what does that mean? >> that is our newest taser. now, as we have talked about our mission is to make the bullet obsolete if we are going to get there, that means we have to make every generation of taser weapon more effective and more reliable until we surpass the effectiveness of a handgun taser 7 is a step on the path where we have improved clothing penetration and upped the overall effectiveness of the device >> and if you had to fund this company that you currently own, would they get some of that intellectual property?

would the government make you not only give up this division but fund it and give them the technology that you're talking about? >> well, we don't think that this would apply to any of the taser weapons, but that's where we found this settlement offer from the ftc so egregious is they wanted us not only to spin it off but to write a, quote, blank check and to fund it with access to all of our camera and software intellectual property, which we don't see any precedent for that sort of a demand. >> but is the precedent for a federal court to overturn an ftc action, which is what you need >> we believe so if you get a speeding ticket, you get to go to court and the court will decide whether you or the officer are right. that's enshrined in the constitution turns out the ftc is a constitutional anomaly where they can sue you not in court but they bring you into the back halls of the ftc where they get to be judge, jury, prosecutor, and appeals court. that's why we think if we can get this in front of a federal

judge, which we did friday, that the courts are going to take some um bridge with a federal agency usurping the role of the federal judiciary. >> it seems that you're on the right side, but i'm not the judge. it makes no sense what the ftc wants to do. that is rick smith he is the founder and ceo of axon smith i can. the two words whispered at the start of every race. every new job. and attempt to parallel park. (electrical current buzzing) each new draft of every novel. (typing clicks) the finishing touch on every masterpiece. (newborn cries) it is humanity's official two-word war cry.

words that move us all forward. the same two words that capital group believes have the power to improve lives. and that, for over 85 years, have inspired us to help people achieve their financial goals. talk to your advisor or consultant for investment risks and information.

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overdid what? well planned, well invested, well protected. voya. be confident to and through retirement. lightning round is sponsored by td ameritrade it is time it's time for the lightning round. [ applause ] ♪ ready ready? we are going to start with john in michigan. john >> hey, jim, love the show just wanted to know if a 5g play like nokia >> there was an upgrade today, i was joking around with david a little bit but i do believe that it is a decent value spec given the fact how low it is, but huawei is

crushing them. mike in connecticut, mike? >> jim, thanks for taking my call i'm a long-time viewer and a many-time caller >> thank you >> sorry about the eagles this weekend. that was a tough one >> it was very tough >> my question is recently i bought a position in -- with all the good things i have been reading about it, they are closing the gap between the revenue and the losses >> right >> -- should i buy more? >> no, i am bullish on snap, but you don't need to buy any more here but i am bullish because there's just not enough social media place around let's go to carol in new york. carol? >> hey, jim. my stock's a trading platform company, and i've been wondering what would be affecting it, competition, the environment, nothing? what do you think we might see in the next, say, six months or so for mktx? >> you know i like market access i had them on the show several

times. i think it's absolutely terrific i think a lot of the high price turnings went too high and got burned they are coming back lewis in florida, lewis? >> hey, jim. how are you doing, jim >> i am doing well how about you, lewis >> do i buy more in att stocks >> i am a believer in the story that elliot tells. i think it is a good situation to own i'm going to go to mark in wisconsin. >> jim, first off, i'm really sorry about your eagles. >> the birds >> i've got a stock end phase, i currently have a position in it. should i be adding to it >> solar power solutions i did come around to tesla, and i came around even to the solar

power business i don't think you need to sell enphase, but it has gotten pricer how about jim frank in new jersey >> a couple weeks ago i saw you interview the ceo of natera. and with today's exception the stock was down almost every day to about 10% or so >> i know. >> should i hold or put more into that? >> i think they made a pretty good case for itself i don't think you should cut and run here let's go to ed in new york ed >> yes, jim. how are you, sir >> i am good how are you? >> great to hear your voice. >> thank you go ahead >> yeah. i inquired about a stock by the name of amarin >> a lot of good research out there. i think they have a lot more to go let's go to mark in kansas mark >> hey, jim.

a big boo-yah from topeka, kansas roku, i bought it at $1 $1.60, then again at $1.40. should i stick with it >> i have switched over to liking trade desk more, but that stock's up too you have to understand you're not coming in early, you are coming in potentially late but i'm not going to fight you because of the cord-cutting issue, and that's what's driving the stocks and that, ladies and gentlemen, that is the lightning round! >> the lightning round is sponsored by td ameritrade ♪ ♪

we just got the mother of all contrarian calls boss does a ton of field work to figure out how individual retailers are doing. and right now the field work's coming up with some pretty shocking results according to boss, 76% of the department stores and special retailers in his coverage universe should be able to meet or beat expectations [ applause ] and that includes down and out chains like macy's, kohl's, even nordstrom, which has been a huge underperformer now boss believes it can post a relatively strong quarter.

this is almost heresy, people. if boss is right about these retailers, that could produce a staggering short squeeze in the stocks because so many of these names have been written off and left for dead and heavily shorted wall street figured they couldn't compete with the likes of amazons and walmarts and targets. here's a stock that's underperformed by more than 40% in the last year but boss points out that 90% of nordstrom stores are located in grade a malls. that's what's held up. as for ecommerce, it's coming on strong nordstrom is also accelerating cash flow. he thinks the risk/reward has changed here because he started to see signs of structural change they sported a 3.6% yield. wall street's only looking for 1.6% that'll ignite this stock. what else?

macy's he says macy's offers incremental upside my view, don't forget that the stock yields 8.8% here, and the balance sheet keeps improving. and then kohl's. according to boss, their sales could grow by as much as 1.5%. wall street's only looking for .4%. he thinks kohl's can meet or beat the estimates which has not done in ages, given the company's dismal recent performance. that'd be a shock in and of itself the company has a partnership with amazon where you can return goods at kohl's. it's apparently working very well that's also what my totally unscientific survey on twitter had to say plus, it doesn't hurt that kohl's pays you a juicy 5.4% yield. now, you have to understand boss's bullish view is completely and totally out of

sync with what the rest of wall street is saying about retail. they keep saying this was the most promotional, that's a curse word, holiday season in ages they fret between the period between thanksgiving and christmas. boss is talking about a robust holiday season what's driving the strength? he's seen the strong labor market, lowest unemployment in 50 years i have to admit i was somewhat skeptical. we were expecting kohl's to tell us how horrible their christmas was at any moment. but you know what? we stopped selling kohl's the minute i read this piece why do i believe boss? because these retailers are down and out for a reason, terrible execution. it's not that the consumer is weak, which means that the problems could be fixable and should be fixable. you could get a rocketship effect or you could say positive pin action with nordstrom being

the safest one i think you'd be crazy to bet against boss stick with kramer. tarters? great question, no. but it can help you pick your room from the floor plan. can the hilton app help us score? you know, it's not that kind of thing, but you can score free wi-fi. can it help us win? hey, hey! we're all winners with the hilton price match guarantee, alright? man, you guys are adorable! alright, let's go lose this soccer game, come on! book with the hilton app. if you find a lower rate, we match it and give you 25% off that stay. expect better. expect hilton.

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♪ talk, talk ♪ tonight on the season premier of "american greed," meet the wealthy saudi prince who promises king-sized returns to its investors but there's just one problem he's a fake! he how he rakes in millions in his world scam only to be undone by his unholy appetite 10:00 on cnbc. all right, what a turnaround today, down from 200 dow points all the way up 60. now how does that happen the turn is such that i think it was a little glib, but, you know what we have new money coming in because last week was a vacation week maybe just put it to work on the first day. why am i being a little more skeptical? because we were up 30% last year right here on "mad money," i'm jim cramer and i will see you tomorrow

>> narrator: in this episode of "american greed"... sandy jenkins and his wife kay are living big in texas. contrarian >> the running joke was that sandy got a new car every time he needed an oil change. >> i remember asking, "did he win the lottery?" because most people just didn't spend like that. >> narrator: but how can an accountant at a bakery making $50,000 a year pay for such extravagance? it's easy...when you're spending somebody else's dough. >> it made me sick in my stomach. how can you look at people in the eye and betray trust like that? >> narrator: then a self-proclaimed financial whiz, gregory loles lives his life in the fast lane spending millions on a professional race