>> brian, you're playing hurt tonight. we all respect that. you're a pro we talked about jetblue last week, broke out today. i think that breakout will continue >> thank you everybody, "mad money" with jim cramer starts right now. my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain, but to educate, teach. call me at 1-800-743-cnbc. or tweet jimmy chill @jimcramer. ♪ hallelujah unless i keep thinking this is an unless market

as in we'll go higher unless this or that happens to derail us my problem, even on an encouraging day where we opened down hard an round, i like that the dow only dipping up and inching, nasdaq advancing 2.0%, wow, there are a lot of unlesses out there. it makes me a little more concerned. we've been experiencing pretty sluggish days lately, and that works off the dreaded overbought condition. so you know what i'm going to do tonight i'm going to tick down the unlesses that need to be on your radar screen, even if you're a snorting stampeding bull unless you're a norman, the breeding bull we brought in to impregnate our late longhorn ambush he just charged around all over the place instead of doing his darn job that was back when i was trying to be a gentleman farmer that is an earlier version of yes, you guessed it, jimmy

chill. for every other bull, though, here's what unlesses you should be thinking about. the first unless boeing. we interviewed gary kelley, the ceo of southwest air earlier on "squawk on the street" and somehow he was able to deliver a good quarter despite the 737 max. gary is not happy obviously. he explained his earnings would be dramatically higher if the max was flying he swore allegiance to the max, and perhaps more important, to boeing, a great american company he pointed out getting that plane back in the air is the most important thing that could happen to help southwest and every other airline that depends on it if you knew when it was coming back, you would buy this stock hand over fist kelly says he won't mind flying once it passes inspections the pilots' lives are on the line too today morgan stanley updated general electric, arguing that its turnaround is at last at hand

g.e.'s long-term insurance woes are handled. the black hole that was the power business is being fixed, and aerospace is pristine. couldn't be better g.e. is a total winner unless unless boeing fails to get this darn plane certified g.e. is among the many aerospace suppliers who won't be able to make their numbers unless the max goes back to being sold and in the production. if boeing keeps botching this, it could shave as much as half a point off our gross domestic product according to the president. southwest and g.e. are among a host of companies that could be great investments unless the federal aviation administration refuses to approve the max by july the outside date that boeing is giving us. now i hope that boeing is promising upod with that deadline everyone seems to have a high opinion on david calhoun, and that includes gary kelley himself. so i'm hoping he'll get it right. that's a lot of hope, though other unlesses do we need to

watch for? well, there is the impeachment trial. following that one at all? i was telling a forgone conclusion which makes it a total sideshow as far as the stock market is concerned, although it does make good stv i can't think what the democrats would say that would make the republicans break rank against their own party. could she there be some unless, a smoking gun that blows the case open? it's possible although i think it's unlikely. especially since senators refuse to consider new evidence still, it's a possible however small. third unless, the coronavirus. it's a frightening thing especially now that china has quarantined the entire city of not just wuhan where the city started, but even beijing now. at the moment, 25 million people are currently on lockdown in china. this coronavirus isn't like the superflu from stephen king's "the stand." it's not even sars which did kill about a tenth of the people who caught it. nevertheless, it's very scary. history tells us we can quickly get this epidemic under control,

unless, that, the chinese government isn't telling the truth about the mortality rate or how easily the disease can be spread china's track record has been pretty mixed when it comes to this kind of thing their government tried to cover up sars and it led to hundreds of unnecessary deaths. hopefully they learned their lesson if china can get the outbreak under control, there is not much to worry about, but if they can't, it will do real damage to cruise lines, luxury hotels, say nothing of the airlines. the fourth unless, apple did you know that apple's stock is now the largest in every major index? the company sells the most beloved products i've ever seen. and now they're tacking on this incredibly rapidly growing service revenue stream, the iphone 11, it's all looking good unless, that is we've misjudged the level of demand, something that could cause this red hot stock to get crushed i've been taught that when you

have this level of own it, don't trade it conviction about a quarter as i do, there will get people who get cocky and pile on the stock at the last minute those traders are going to be your enemy if there is even the tiniest of shortfall i love apple, but the stock cannot handle disappointment here and thanks to its enormous size, the averages won't be able to handle it either big unless fourth unless -- fifth the economic backdrop in this country is pretty close to perfect, perfect for this stock market we have nice growth. we have no inflation the federal reserve on our side to prevent any potential slowdown, unless, unless this turns out to be a situation like we had exactly two years ago in the lead-up to the super bowl. that's when the employment number came in way too hot and the fed switched from our friend to the enemy the newfound fear unravelled a whole set of strategies involving the volatility index we didn't eno about and put a huge ton of pressure on the s&p 500. we have clear sailing right now,

unless history repeats itself with the fed bottom line, you can always play the unless game, but i bring it up because the higher this market goes, the more likely it is that we won't be able to handle a big unless, let alone two or three so when you start feeling overconfident, when you turn into snortin norman the bull, just remember that bad things can still happen do your job and protect yourself instead of running all over the place to no avail whatsoever let's go to gianna in my home state of new jersey, gianna? >> caller: boo-yah, professor cramer my daughter gianna has a question for you about a stock she owns hold on. >> big boo-yah, i'm gianna and i'm 6 years old. me and my dad watch you all the time we love your show. >> i'm going to cry. >> caller: i want to know if this is a good time to buy more disney stock, thank you, and boo-yah! >> holy cow.

social consciousness she is fantastic, and i am going to tell her yes, i think disney can still be bought and the stock was down today and other shows, i'm asking my executive producer right now, regina, how many 6-year-olds call in on the other shows any 6-year-olds interviewed at davos? >> i don't think so. >> i rest my case. let's go to cam in vermont cam? >> caller: a big boo-yah from vermont, jim >> cold but great. >> caller: a long-time listener and a first-time caller. >> yes >> caller: i wanted to thank you for being an inspiration to young investors like myself and for helping me better understand the stock market >> but cam, there aren't supposed to be any young investors. i learned that people are supposed to be turned off to the stock market. wrong. they make them fearful all right. let's go to work >> caller: all right so my question is in regards to spirit airlines, ticker symbol sage so it does not have any flight

extortion to china which is key given the growing concerns over the coronavirus. it also does not have the level of 737 max exposure of its fears. they have severely underperformed other airlines in the last year. >> right >> caller: should investors buy the stock at these levels or should we wait just in case? >> cam, i think it's okay. jetblue, which is another company that historically not done that great as a stock, they reported a good number and the stock flew so i'm going to bless yours for half a position. the other half after it reports. okay the higher this market goes, the more likely it can't handle a big unless, and there are five unlesses i don't want you to get too confident. remember, we're fine, but we can't handle unless. on "mad money" tonight, grubhub just revealed a new digital platform for users it comes as door dash has edged pass grubhub to become the

leader in digital food sales in the u.s. could it be a seamless way for the company to add to its potential profit, or is the company for sale i sat down with the ceo. one of the more interesting stock market narratives was the come back of snap. but can that move continue in 2020 i'm going to give you my take. and what is on the horizon for first horizon in the new year i have got the ceo so stay with cramer. >> don't miss a second of "mad money. follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. at leaf blowers.

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♪ over the course of last year, i repeatedly warned you away from the online food delivery stocks, especially grubhub. i was worried about a surge of venture capital about competition that forced the whole industry into a race to the bottom for pricing, and i was right.

grubhub's stock got annihilated. when the company reported an ugly quarter at the end of october, the stock plunged to 53 practically overnight. then it came roaring back, saying it was willing to put itself up for sale it has rolled out an incredibly platform which i found quite intriguing but the industry is still in a tough place. which is why we wanted to check in with matt maloney and matt maloney, you've seen him on the show, he is the founder and ceo of grubhub, and we saw them at art, bird and whiskey bar in new york's grand central station this morning it's owned by joe germanotta, who fun fact happens to be lady gaga's dad take a look. matt, tell us about the new ultimate technology and what it means for both diners and restaurant service >> jim, you know better than anyone else. pickup sucks we already revolutionized delivery and now we're revolutionizing pickup the days of seeing the ten

people in line and having to stand there and wait and wait and wait until you can talk to someone, they're gone. we have a whole new system which digitally integrates the ordering mechanism, the platforms the front of the house and the back of the house so you always know exactly when your order, where it is and when you can pick it up >> so joe runs this place. it's his place art, bird and whiskey bar. what does it do for him? >> so we're in grand central station. there is thousands of people walking by every hour. people want to get their art bird they want to get their whiskey and they want to get their chicken so they can walk up. they can preorder on the train on the grub app. it immediately goes into the system, hits the back of the house. they start prepping the food they can watch the order right there. >> where on their hand-held >> on their device if they want to preorder, it's on the train if they want to get here, there is a kiosk they don't have to talk to someone. there is four of them lined up beep, beep, beep, they're done they immediately see on the heads-up display, their name, their order number

it's yellow or it's green. go pick it up. no more cueing up right here >> remember all the people waiting around while other people are eating. >> that's the point. it's a digital cue we're pulling into it pickup now. and we're helping the restaurants be way more efficient. >> this has got to work on colleges, stadiums >> yep that's where it started. it started in colleges we've been evolving on this for over five years. ohio state, arizona university, we're in over ten major universities, and we keep rolling out more the point is there they have the students they have 15 minutes in between classes. bam, bam, bam, they have to get through as fast as possible. stadiums too we're working on a lot of big stadium deals because nobody wants to go stand in the beer line and miss the game you want to order from your seat you know when it's ready, you walk up, grab it and come back >> this is a great proposition you get a stadium? is anyone talking? >> absolutely, oh, yeah. we have nothing to announce right now. but i think very soon.

>> if you're not -- where else are you going to announce it >> we'll come back we'll come back. >> all right speaking of announcing >> yeah. >> matt, october 28th, 2019, you announced that online diners are becoming more promiscuous. >> that's a great word >> it's a great word, but people don't understand you're going to describe it. >> they don't understand promiscuous. >> i would say google that word. my point was people are shopping on a lot of different platforms because ultimately, the restaurants are getting commoditized there is basically the same restaurants on the same platforms. they have the same menu items. they're basically the same price, and the delivery mechanisms are basically the same so how do you create an edge. >> no loyalty, no scale. >> we're building loyalty. that was part of the letter you're referencing ee we said one of the advantages we're going lean into is we have this massive loyalty infrastructure where we channel hundreds of millions of dollars from restaurants, restaurants to give incentives to diners. and restaurants build loyalty to

their programs so we give them the free loyalty tools. >> took a hit. the ebitda numbers, you had to take them down the stock had been down a gigantic amount. the only reason why it stabilized, matt, a "wall street journal" article that said you're for sale. what happened there? if you're not for sale, how could a major publication say you are for sale you're a pretty candid guy. >> i'm a pretty candid guy. >> i think so. it's a rhetorical question. >> we had a no comment on the article, which is the appropriate thing to do. >> what, they made it up they got up in the morning and made it up >> i can't talk. i don't know who their sources were they didn't share that with me. >> but then immediately, what do i hear i got guys like credit suisse saying $128. you're going to turn down $128 a share? that seems like a pretty good deal. >> the crazy thing about the story is we're a public company. we have an obligation to review any public offer and of course we would we haven't had any my comment was we hadn't had any offers and we're not seeking offers because we're really

invested in the product like ultimate that we're launching right now. >> if uber were to come to you, you could make a fortune for your shareholders. this seems like a logical proposition. >> we would totally evaluate any offer. >> but it hasn't happened? >> but we haven't had one yet. that is my point we're not looking for one. we think we're building an advantage through loyalty. >> that's ill-advised. >> i think they were barking up the wrong tree. >> the stock is still up because of that. now, in order to be able to sustain the increase, i have to believe that this proposition. >> yes. >> is going to make it so that you are differentiating. >> look, it's widely documented over $250 billion in u.s. domestic takeout over half of that is pickup. and by the way, none of my competitors are addressing pickup >> right. >> and we just unveiled a massively researched five-year-long program to revolutionize pickup, and all these high velocity places that need it. >> do any quick serve

restaurants want it or restaurants like mine and joe's here >> the concept was first rolled in high velocity, massive scale qsrs >> taco bell. >> to preorder but that type of technology is n not available to restaurantses like yours or joes that's why we built this consumers love the convenience >> so what does it mean in terms of people at the register, people who greet these people when that it come in. >> it changes the economics. you know the economics, front of the house, back of house you can take the front of house order takers you can put them in the back so they can prep more food faster, higher service for your custom mix, when you're paying $18 an hour, we need that. >> as the minimum wage keeps increasing, it's better for restauranteurs. >> where are we in terms of the roll-out why do we hear about it now? >> we want to make sure it works. we didn't want to roll out a bunch of technology just to have it fall over on itself this stuff works it is tested in grand central station. you can't get a better test than this location right now.

that's why i wanted to talk to you right here we know this is work we're rolling out as fast as possible we are taking rq to get installed is hundreds long. >> i understand that doordash which is highly unprofitable is valued between 7, $8 billion you're at $5 billion that is ridiculous because you're making money, not at the level you were why don't you -- the industry yourself you're an aggressive fellow. >> this is the different between public and private valuations. private valuations is based on nothing. >> but they're crushing everybody. we heard it from domino's. they're unsustainable, aren't they >> you're selling dollars for 80 cents, i feel that's unsustainable, but it grows fast >> do you think that the more consolidation your gross margins would go up, or without this it's going to be a race to the bottom. >> if you double your business with a highly unprofitable, you're going screw up your

economics. you to figure out how to reconcile the business before you see the benefits of consolidation. i think what you're pointing out is there is a reckoning coming to the industry. i think it's going to be 2020. >> i think we're already two steps. we're in the early innings. >> right. >> but what happens this year is going to be interesting. >> don't you think doordash wants to wipe you out? i saw them try to wipe out caviar before they bought it >> we're all competing extremely aggressively. >> it's a level playing field? >> i think the challenge is some competitors have a very limited runway of cash, whereas we don't. we are profitable. we have an unlimited runway of cash uber has a $10 billion runway of cash >> yes >> you're talking massive scale versus six months of cash available. something's got to happen. >> last question there are thousands of restaurants, not as good as joe's of course or maybe mine, thousands that need. this matt, you're a small company. how do you get this word out >> jim cramer.

>> matt maloney, founder and ceo of grubhub >> thank you, sir. >> good to see you, partner. >> good to see you apps are used everywhere...

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the social media play keeps roaring, climbing all the way to 19 as of today i know i'm not early here, but i'm describing the turnaround, and that would be the first time since 2018 i would be surprised if it does indeed have more room to run look, it's at 19.25 right now. and i think that it could go higher did i not do the pcr of course not. you go to twitter and yell at me i dent care. i'm chill. what makes this move so remarkable a little over a year ago snap had been written off and left for dead after great fanfare in 2017, this eagerly anticipated deal quickly turned sour as the growth peaked, the losses looked endless and snapchat stories was quickly copied by darth vader instagram. even worth, snapchat had been popular with young people and suddenly lost that cool factor remember when kylie jenner said she didn't open snapchat anymore? that caused the stock to lose 6% of its value in a day. and those sellers were right, because it kept getting

hammered hey, you don't have to keep up with the kardashians, but it sure does pay to take kylie jenner seriously as snap's revenue growth slowed from the triple-digits down to the mid-30s by the end of 2018, well that. >> had no earnings in fact that >> didn't even have any free cash flow. there was nothing for the more value oriented investors to see to circle around the wagons when the growth guys lost interest. very few buyers were willing to stick their necks out and management seemed clueless, which is extra bad remember, they're deeply entrenched because shareholders don't have meaningful voting rights that's how the stock plunged from 29 at its 2017 peak down to less than 5 bucks at its 2018 lows look at that ain't no value low enough. and then last year snap got its groove back. at first it was hard to understand why by the middle of last summer the stock was back up to the mid teens. it turns out it was the real deal snap reported a fantastic quarter in july and made it crystal clear a turn was at

hand and then they did it again and that's the most crucial piece of the puzzle here for the first two years as a public company, no one trusted snap because they kept missing the numbers. that's reasonable. but over time, they've become steadily more consistent to the point where they have earned the benefit of the doubt and it now makes a habit of smashing the estimates on top of that, management made great strides on the profitability front. now they're still losing money, but the schloss gotten a heck of a lot a smaller. snap may turn a small profit when they report the fourth quarter results the week after next the analysts can expect snap to earn 28 cents a share and raise in 2022. this thing is no longer an earnings by call best of all, snap has accelerating revenue growth again. the growth rate bottomed out at 36% in the fourth quarter of 2018 stock markets anticipate this stuff. over the course of the year they gradually picked up speed. the most recent quarter snap had a 50% growth rate.

you know wall street loves to pay up for accelerating growth that's why we call it agr. how did they do it how did this good like this? first of all, they fixed their core product that's right they fixed snapchat on android phones even when snap came public and investors were excited about it, their android app was garbage which is not great seeing android is the biggest smartphone platform. they tried to fix it in 2018 but the redesign only made things worse. last year snap finally figured out android. and by late last may, snapchat had 41 million monthly downloads on android, surpassing the previous record of 30 million from 2016. meanwhile, they also fixed up their iphone app and the result was an across the board increase in engagement, which is what matters. snap had a user experience problem and they fixed it. now here is the crucial bit. the users started coming back, and so did the advertisers when snap came public, you know i was very worried that ad

agencies might sour on snapchat that is exactly what happened as its user engagement deteriorated but now that snap is reaching millennials and smartphone addicted consumers, advertisers are throwing money at the guys by the way, throw in the fact that ceo evan spiegle started showing a level of focus that he seemed to lack when this one came public, and that's the turnaround in a nutshell the question, can snap maintain its momentum now in the last few weeks, snap not one, not two, but three upgrades from major analysts, and one analyst initiation outperformed that's why the stock is surging nearly 20% since the beginning of the year. that's a very big move jefferies went positive siting the pickup in user growth and improved platform. as they see it, snap is a clear pathway to profitability and the stock has more room to run in 2020 that's a quote very next day, callan upgraded too, based on the results of its annual ad buyer survey

according to data, 10% say they would use snap to start a new campaign for 13 to 34-year-olds. 10% may not sound much, but 10% of the enormous global advertising market that is not going to impinge on facebook they are doing unbelievably well but it's more than an asterisk plus, the 13 to 34 group is a coveted demographic. advertisers want to get you while you're still young and persuadable. then today baird published its social media survey. this got me. things are looking up for snap and i quote, snapchat surges along millennials. while snapchat saw the smallest improvement in engagement trends, we noticed among the 25 to 34 age group was the largest single increase across all platforms and cohorts supporting our view that users will remain engaged even as they grow older. that's the coveted demographic again. there are real concerns for starters snap has seen 3/4 accelerating revenue growth but eventually the law of large

numbers are going to kick in eventually numbers will start slowing again. snap has deep pocketed competitors. not only do they need to worry about facebook which i reiterate is the best in show and twitter, but now there is also this tick-to tick-tock. what it really comes down so is whether snap can hit its earnings estimates expected to make 22 cents in 2023 this thing is trading only 21 times the earnings estimates that makes it a steal even after this run but only if they make the numbers. but i think they are the estimates are too low. this thing is headed to the stratosphere it's the right stock for this environment. bottom line, i do think the stock at snap has more upside, and i campaignfully aware that i'm late after this run. but i don't love that it's catching so many upgrades going into the next earnings report february 4 here's what i want you to do i recommend if you like snap, putting half and then after the quarter, back up the truck evan, i was tough only you when

the stock was getting hammered, but now i'm jimmy chill, and i welcome you on the show any time to tell cramerica how you engineered this magnificent comeback i want to go to joe, please, joe? >> hey, jim. how you? >> i'm a little thinner, thank you. what's up? >> caller: i wanted your opinion on roku. i went long the stock back in october on 119 and bought in some april options end of beginning january to trade because this thing is so dang volatile. >> roku is so hard for me. it's so hard because as i say endlessly, i didn't like it in the 40s. so who am i to like it up here although thank heavens i did realize it was going up. roku is a trade. when it's down 4, 6, it always seems to work. when it's up, it doesn't seem to work but you know what? whoever thought it could get to where it is? call it is snap pack the stock has more upside. consider putting on half of your position before the quarter, half if it gets hit after

reports. i wonder how i would look. i got to try some time there is much more "mad money" ahead including my first look at first horizon. i'm breaking them down is it too late to get on board the semiconductor? >> all aboard! >> and all your calls rapid-fire toghs itn tnit'edioofhe "lightning round." so stay with cramer. hey, saved you a seat. this round's on me.

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♪ remember the top of the show i talk about unless this happen, unless that happen one of the things i didn't like to see were the bank stocks getting hit today. we made it through the biggest part of the bank earning season. so what i want to do is circle back to something unusual. while the big nationals delivered pretty good numbers, for the most part the smaller regionals reported fairly mixed results across the board with one big exception, one oour faves, first horizon national. the tennessee-based regional bank that slowly but surely turning itself into a powerhouse in the fastest growing area of the country, the southeast not only did they post better han expected sales and earnings. fixed income capital markets and other services it was a remarkable quarter. the question is can it keep

deliver:00 let's check with bryan jordan, the president and ceo of first national mr. jordan, welcome back to "mad money. >> thank you, it's good to be back. >> all right, bryan, this was just another solid quarter, and i think the most important thing from the perspective of the analysts is something called the net interest margin. a lot of companies saw compression because of the decline in rates how come you didn't see that >> well, we were started really in the fall of last year, we started recognizing the trend was going to continue with lower rates, and we were very aggressive in the way we worked to ensure that our deposit calls did not get out of control, and we worked very, very hard to control the asset side of the balance sheet as well. if you looked underneath the cover, you see that loan yields went down, and that's what you expect when interest rates driven by fed funds declined but by working on both sides of the balance sheet, we were able to moderate a substantial portion of the impact. >> right

just so people know, the big binges weren't able to and their stocks have come off since they reported as people were worried about this you also did something monumental you did an acquisition i know it hasn't closed yet. you bought a bank i've been waiting for someone to buy because i think it's a bank that has a lot of powerhouse potential but hasn't been able to pull it off yet, even though i know you like them first horizon buying iberia bank to become maybe the most important bank in the southeast together you've got a slide that says first horizon and iberia bank, better together. tell me what makes them better together >> well, absolutely. we're very, very excited about that potential merger of equals. we're in the process of as you said getting regulatory approvals. when we put the two organizations together, we will have a powerhouse footprint all across the south we'll be in 11 states. if you look at projected household growth rate, our footprint ought to grow on average about 25% faster than the u.s. as a whole.

the thing that's really exciting about it is we have business models that are very, very similar. our people go to market in almost identically the same way. they approach customers and communities in a very similar fashion to us. and so as we look at it, we're not going to -- we don't think we're going miss a beat in terms of serving our customers and our communities, and we're going bring to our bankers and our customers more products and services, which should make life better for everybody so we're excited about it. the two will be better together in the sense that we can invest in more products and more services across a broader customer base long-term with the bigger balance sheet >> i think two of the most unsung markets, tennessee, which is absolutely on fire for both corporations and for homes a lot of people coming from new york city relocating to tennessee because of taxes, and louisiana because of the amazing oil and gas market, maybe oil is not flying, but the amount of

infrastructure being built is probably the most in the country. will you be able to take advantage of all that incredible manufacturing, plastic, all the development of lng when you move to louisiana >> yes, we will. we will bring a broad diverse customer of products set to our customer, and we'll do it with a bigger balance sheet so we'll have bigger hold positions and we'll have the ability to continue to invest in product. we also open up in that merger markets like dallas and atlanta. we'll be a $12 billion bank in florida. so we're opening up some very attractive high growth markets that you take new orleans, louisiana, and oil and gas in houston and dallas, and you take the high growth in atlanta and south florida. we're very excited about the footprint. and the product set we think will be competitive with the largest banks in the country, and we believe it will continue to be able to differentiate our

products and services by looking and feeling like a community-based organization to our customers. >> now typically you and i have not had to talk about politics, but there is an election coming up primary -- some of the people in the democratic party are doing very well. they are not exactly the banking industry's friend. do we need to worry yet, or is that something that you look over and say that can't happen >> well, i don't think it's anything to worry about yet. i'm not particularly worried i think that the work that was put in place around regulation that came out of a dodd/frank is still working its way through the system and i think if you look at the banking industry today, everything from stress testing and capital levels to how we manage our businesses, report risk, monitor risk is significantly better than it was ten years ago. so i think while that may be a

talking point on the political stump, i think from a practical perspective, the regulatory bodies, the fed, the fdic, the occ and state regulators have taken the framework of dodd/frank and created a much safer, sound banking system. so i think what we have the next test in economic downturn, i expect that the financial services industry is going to do quite well. >> i totally agree with you, and particularly with your bank, which i know has done such a great job and is so straight shooting i want to thank bryan jordan, president and ceo of first horizon. great job, sir god to see you >> thank you >> low rate, good dividend, growing over time. i don't know any portfolio should have room for that "mad money" is back after the break.

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"lightning round" is sponsored by td ameritrade ♪ it is time it's time for the "lightning round" >> buy, buy, buy >> sell, sell, sell! [ buzzer ] and then the "lightning round" is over. are you ready, skee-daddy?

time for the "lightning round" start with robert in missouri. robert >> caller: boo-yah, mr. cramer >> boo-yah. >> caller: long time viewer, first time caller. >> like. >> caller: let me say, the service you provide us home game sers a true gift. >> it's what i do. thank you. >> caller: my stock is in tech sector it's got great fundamentals. it's with the build-out of 5g and the cloud and coupled with the signing of the trade deal, phase 1 of the trade deal. i don't understand why it's lagging. maybe i'm missing something or being impatient. my thoughts -- >> what stock? cisco. wow. you're from missouri it's a show me situation they missed the quarter and missed the quarter bad i thought chuck robbins was very polished the other day in davos. i'm sticking with i many charitable trust i think it's worthening.

hernan in new jersey, hernan >> caller: hey, jim. thank you so much for taking my call. >> my pleasure >> caller: jim, i'm calming today about apa, apache corp >> uh, no, no, huh-uh. it's moved a great deal, and most importantly, it is fossil fuels. one of the things that is so difficult for fossil fuel companies are to not be fossil fuel that is their problem. let's go to steve in new york. steve? >> caller: hello, jim. boo-yah. how you doing tonight? >> good. how about you? >> caller: calling about lattice semiconductor. >> it's lag and it's good. interesting today. i should have thought about it earlier. the company has lagged why don't we go carol in new york carol? >> caller: hi, jim, what are your thoughts on info? >> that company, which we also know is ihs market is a company i have followed forever.

dan jurgen was one of my backers. have i talked, it? no and that is my bad, because it is a great company i'm not done let's go to richard in texas >> richard >> caller: hey, jim! celebrating 50 years of marriage to the same beautiful bride. >> lucky man >> caller: rsg what do you think about that >> i like the waste management business rsg doing as well as waste management you got a good one there and congratulations for 50 years. and that, ladies and gentlemen is the conclusion of the "lightning round"! [ buzzer ] >> the "lightning round" is sponsored by td ameritrade ♪ ♪ ♪

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♪ all aboard >> is it too late to get on board the semiconductor train? have you missed these phenomenal runs in everything from micron, nvidia as well as intel this very night let me put it this way after tonight's smashing performance by intel, driven by both still strong pc sales as well as a resurgent data center, i don't know if i would chase them up here a ton of good news is now priced right into this very evening hey, but listen. if you get a pullback caused by shock, something terrible happening with the illness in asia, then it's not too late if you read the research on the group, though, you think we're in the early innings of this comeback we're not, people. this move is in the middle inning at best we may even need a 70 inning

stretch. it is case by case some are trains that have left the station. some are only just pulling out that's the ones we're looking for, and some of them, they ain't going anywhere let me give you the lay of the land first, the key to the chip make verse always been supply and demand there are two things propelling demand the first the roll-out of 5g wireless they say 5g needs 50 to 100% more memory power. that's fueling voracious demand for 5g chips that's on top of the second trend, the unexpected surge from the iphone 11 apple. you can't understand how great this phone is until you have experienced it yourself. by the way, the iphone 11 is packed to the gills with semiconductors for example, taiwan semi yesterday announced that they got a flood of new orders and they were from apple the taiwan semi seeing that, broadcom, qualcomm, marvel and skyworks which reported this

evening. i mentioned these companies because they're part of the big 5g and the supply side of the equation with all this new demand, supply seems to vanish because there wasn't enough semiconductor capital equipment spent last year that explains the move let's use history. consider the last peak and that came in november of 2018 particularly when micron, which is the big daddy, announced that the iphone cycle was breaking down and demand had evaporated smart investors have been betting against micron for the previous six months. you can see the peak since the stock was selling at 62. that was the top the last time around okay ebring that up because the semiconductor cycles continue to play out similarly the moves are often symmetrical, as we say on off the charts. and that worries me because micron is now 59 and change. it's been eightmonths since it cycled bottom. that's long in the tooth but i think this will be an unusually strong semiconductor cycle because we have not one

but two prongs, the iphone and the 5g it seems realistic micron to cake out a $62 high. the problem is most the other chip makers in the apple food chain have already exceeded their highs from the last cycle. that means buying them right here a high risk proposition that means apple has to guide higher and higher next week. the stock is barely moving it may trade down. i find the same way about the semiconductor capital equipment. after last night's smashing number frommer t er thterri web. we're worried about being greedy intel is roaring after the close, trading up 4 and change and driving a bend b up. i can't countenance buying either one up here amd for example reported a monster good quarter last time and the stock got hit. it got hammered.

since then it's up nearly 20 points you need that again. why not wait for it. i have to say, the same thing about the data center king nvidia you know i like nv i wouldn't name my dog f vid individun individual ya if i wasn't so confident. i like all three, but i've got tell you, after the close, apple gave broadcom a huge contract. so that is trading up. remember, i did push that pretty hard yesterday you can't stray too far from what's working, though we saw texas instruments is too car oriented after an okay quarter, they traded up a little bit near the end of the day i bet the same thing will happen with analog devices. you can still buy an outlier like western digital i know it was up, but that is way down from its 2018 highs without a pullback, though, people, i think you've missed the easy money here. now pullbacks can be expected. however, if you just woke up

this morning and looked at the upcycle and say wow, i think i'm on to something, i'm telling you that for the most part after the intel bursts, it's getting a little long in the tooth stick with cramer. apps are used everywhere... except work. why is that? is it because people love filling out forms? maybe they like checking with their supervisor to see how much vacation time they have. or sending corporate their expense reports. i'll let you in on a little secret. they don't.

by empowering employees to manage their own tasks, paycom frees you to focus on the business of business. to learn more, visit paycom.com that's what happens in golf nothiand in life.ily. i'm very fortunate i can lean on people, and that for me is what teamwork is all about. you can't do everything yourself. you need someone to guide you and help you make those tough decisions, that's morgan stanley. they're industry leaders,

but the most important thing is they want to do it the right way. i'm really excited to be part of the morgan stanley team. i'm justin rose. we are morgan stanley. took a lot of heat yesterday from my pro netflix club but where i come from i do market cap analysis. and the capitalization of that company at $150 billion is too small versus what it's doing worldwide. it's a gigantic entertainment company. comcast, i think the analysts could get behind it again. i worked for the company i was surprised of the negative reaction i think it's fine. cord cutting may be too big a thing in the sense that we're worried, maybe overly worried about it i like to say there is always a bull market somewhere. i promise to find it for you right here on "mad money." i'm jim cramer, and i will see you tomorrow

>> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ who believe they have a solution to a problem faced by millions of americans. ♪ my name is kevin kiernan... and i'm melissa kiernan. and we're from waldwick, new jersey. every morning, i come outside, and there's garbage all over the place. so i finally put my husband, who's mr. fix-it, to the test, and told him that he needs to solve this great mystery.