>> ali baba, i like how it has hung in there. i think there is more up side. >> and we have to say rest in peace jack welch, great man, has been on this show. delta air lines, major double bottom at 45 >> thank you august. money" witm 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 cramer welcome to "mad money. i'm trying to make you some money. my job is to entertain you and teach you. call me at 800-743-cnbc or tweet me huge day i get that how do you explain it? i think it's about two numbers

here are the numbers 1.15 and 1.4 yep, i'm talking about the plummeting yield on the benchmark ten-year treasury where you only get 1.15% return. and 1.4% that's the apparent rate of the dreaded coronavirus. at least that's what we think it is whi while bond yields keep falling, now 1.4% number is much better than 2% number we've been worried about with the outbreak. which along with the treasuries this very afternoon is why the market was able to rebound today. s skyrocketi skyrocketing 1,294 the s&p 500 surnling 4.6%. the nasdaq 4.49% okay i don't want to be simplistic

here but this market is ridiculously volatile it is controlled by fear that's the physical fear of getting sick, the fear of a slowdown in commerce as people are becoming reluctant to go outside and the impact of that fear which is causing investors to hide money in safe haven treasuries which are giving now yield. that is driving the prices up and yields down. now we have seen the most minute changes in treasury yields produce wild swings in stocks these days we had an overnight bull market. futures were down about 40 ticks when i went to bed they were up at 60 ticks at 3:00 a.m. that's insane and tells you how thin the futures are and also says the market is unhealthy by the way, today's rally is unhealthy. i don't like to see these rallies. i don't like to see the big declines or big increases. but it's the actual events driving us that we have to talk b we were down first encore owna virus deaths then jump because of an emergency fed meeting. what do you in the times of

extreme volatility do you just sit tight? you know i'm in favor of that always how about take advantage of it i think you need to show some gumption and buy stocks when they come to levels you find them attractive as we did on friday and this morning and sell them when they bounce to levels that are no longer enticing. futures are distorting everything here. while that makes it hard to get your bearings, it is a great entry and exit points. at the endst day you have to believe in yourself. although you should remain willing to course correct when you get it wrong that belief is your strength in times like this. that's in my head today. you no he why? it's because of the interactions i have with the legendary jack welch, the man that took ge from a $20 billion to a $400 billion company with the power of conviction he passed away this weekend. jack always loved that i believed in my views i was kicked off the old "squawk box" back in 1998 for being too rough around the edges, sent me

a fax saying he was the most entertaining guy i ever seen on cnbc i showed the fax to the old management team. i got myself back in the rotation you need facts especially facts about the outbreak the outbreak is all about fear and as i told you the fear then goes right down into a rush of staying home in the commerce i think the facts are in reverse rates from the lows allowed. the facts and then the switch of the yields see, there are very few people who have any real, let's say, gravitas only one, his name is dr. tony he did breakthrough work with aids and it silence the by vice president pence. but now it's being silenced is

the line in the most distinguished publication in health care this weekend and that is the new engla"new ed journal of medicine" the sing the best article i read on this epidemic, it's not the whole paper, it is navigating the unchartered, he notes something huge there is a study of 1,099 laboratory patients. they show a mortality rate of 1.4% that's what we keep hearing. why is it so important as he explains, if one assumes that number of minimally systematic cases is several times as high as reported cases, the case fatality may be considerably less than 1%. in other words, the denominator is much bigger then maybe, maybe we're not in as much trouble as we thought. here is the statement that i think gives credence this suggests that the overall clinical consequences of coronavirus may be more akin to

those of severe seasonal flu boom we have been hearing it may have 2% fatality rate, 1.4% is lower than that possible that after reading this article you have to believe that 1.4% is way too high. it could be as low as 1.1% or the 1968 flu season that killed 38,000, or 1970 flu season, 107,000 in today's terms. the death rates for pandemics are higher overseas than here. our health care system is not perfect but a lot better than china. i felt somewhat reassured by this article that is available online and makes you put things in perspective for the first time since this began. does it mean all this is much to do about nothing absolutely not coronavirus is still a serious problem. a lot of people decide to stay at home and wake at home that's why i welcome adobe we know china is shut down for

the better part of a month anyone who works at a business that shuts down because of the virus is going to take a hit that's why things it's a very good time to re-evaluate your portfolio, sell the stocks in the strength that we have -- that is going to continue to go down for example, even with a lower death rate, stay away from travel and leisure stocks. no one wants to catch the disease. i saw research recommending cheesecake factory i say no no no don't buy a restaurant stock going into a pandemic. people are going to stay home. if there is any way to cancel a cruise, it will get canceled if that diamond princess fiasco, 18 months before the cruise lines can count on the reservation list being real. that's how long it took people to get over chipotle's scare i see the same happening with carnival since we talk about financial markets, there will be an endless drum beat of experts saying the fed can solve the

slowdown with lower interest rates. this is a public health problem. this is a health problem think about who benefits from lower rates. i'm in the process of getting a mortgage the mortgage is half a point higher than what i was paying when the ten year treasury is double than what it is now they're not lowering those rates. i'm not opposed to the fed adding liquidity it doesn't do anything to fix the slowdown caused by a crisis. people are afraid of getting sick there are things the government can do to make things easier i'm proposing that if i were president i would offer $100 million to whoever comes up with a decent treatment with the vaccine. a scientist, a company, $100 million tax free i would make sure that small businesses get krit lines credi they have to stay in business temporarily. that said, there are other reasons we rally maybe you think it is the resurge en resurgent joe biden. status quo joe is much better than the market for the market

than bernie. maybe you believe there will be an emergency fed meeting maybe you think there is a lot of central bank intervention maybe chinese stimulus tonight or every night the bottom line, i think stocks went up today because wall street realized the coronavirus is the equivalent of a severe flu season it's not going to cause the endless economic devastation that you expect from the virus with 1.4% fatality rate. i'll take it by the way, i bet the ten year goes to 1.4% too phyllis in new york? >> caller: thank you so much for taking my call, jim. i had called before. >> yes >> caller: you gave a great big boo-yah boo-yah to my largest holding which is wendy's teen d and today i'm very excited today was the breakthrough on their breakfast menu which out

i thought it would be great game changer. >> phyllis the stock fell too much. i have great readings of wendy's. breakfast is looking good. i think we're in good shape. how about jack in ohio jack >> caller: thanks for taking my call, jimmy. >> of course >> caller: bouncing off the 52-week low, i know it's getting tight in the sector from watching your show ups. >> i like ups. 4.3% yield it's going to be terrific stay at home situation. i think we're going to have to even though i know that we have, i think we're making head way against the virus. and it's run by david. he does a very, very good job. i like them. all right. this volatility is unheard of, people use it to re-evaluate your portfolio and to use some

gumption and get your prices to buy or, of course, into strength and get rid of the ones that are not going to work. "mad money" tonight, stocks bouncing back after the worst week since the financial crisis. time to start hunting for buys i'm going to sit down with the ceo of beyond meat see if one of the hottest stocks in the market is worth considering. and twitter could be looking for a new job. they press for big changes in the company. what could it mean for the stock going forward? what do you care about and in a world where people are more and more likely to be working, people need a digital backbone i'm eyeing one company that can help so stay with cramer. (soft music)

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water dumped on the hottest stocks in the market the red hots are still down. take one of my favorites, beyond meat that is the maker of plant based burger and sausage products that became popular last spring for the market turned against turbo charged growth stocks, thing the plunged 71%. then we started getting more good news. it's not just because of the coronavirus, but thursday night the company reported i guess the analyst called mixed results sales were much better than expected, up 212%. more importantly, even the management gave incredibly bullish revenue guidance for the full year. they talked about sacrificing near term profits for aggressive growth which is what i want.

it plummeted 15% on friday at $96 is this thing worth picking at let's talk to the founder and president and ceo of beyond meat welcome back to mad money. >> thank you >> do we start immediately and eat or tell us what we have here >> there are the breakfast sausage. they're also in a lot of different food service organizations such as dunkin' donuts and karlz jr. what i love about this product, eat what you love where you love it but be healthy about it people think you have a lot of competitors. everyone is gunning for you. you are not necessarily a traditional food company you're something different so therefore they may be gunning against you but they may not know who they're gunning against. >> thank you for asking. we really are innovation engine.

that's the way we always run the business over the last 11 years. we had a core platform across beef, pork, and poultry and we're trying to close the gap. the closer we get, the more consumers come to our brands what is happening is the consumers are hearing information about whether it is the human he will hj implications of high levels of meat consumption, every day they're getting information on it and want to reduce animal protein consumption. we're making that easier by enabling to give them products that can let them enjoy the products >> i had the pleasure of spending a night with you with a truly great chef my daughter is a veagan. dad, that's not what it's about at all we like it because of what they do for the planet. now this must be a demographic that you own >> that's great. if you look at the 14 and over

set, a lot can coming because of health the you go to a college campus, the idea here is the time has come you can separate me from animals and doing so you create more sustainable planet and create something healthy for the body we're not there yet. we have the project in los angeles where we're continuing to make things better. but we are getting closer and closer and that resonates with the consumer >> i notice the other guys in the same business, the franchisees, it's hard they're not sure how to do it. won't be dragged kicking and screaming in the snend. >> if you look at the innovative leaders, we've been testing with kfc and wendy's. and launched in places like a & w and karlz jr. and look at the denny's and tacos and dunkin's

and starbucks in canada. subway in canada the leaders are seeing something within the consumer. they want to go have traditional thing thez really enjoy and that's the value we created. >> the other thing can you do and packaging. >> so sustainability is important pt it's a driving force. you look at the animal protein equivalent 99% less water, 93% less land. half the energy. so talk about young people hearing about that, you hear about the climate strikes that people are doing, there is an opportunity to make a decision at the center of the plate about what you stand for >> i think that is lornargely ne being generated by industry groups so if you look at i just had two this morning

dunkin' sausage. that has half the fat. 44% less saturated fat 37% less sodium. more protein and more iron it also is absent the things you're concerned about such as antibiotics. it's an opportunity to have that product but do it in a way that is healthier for your body >> it was almond milk. different kinds of milk. and the story was that china, the milk is bad. in the end, it tripleded i have to believe the chinese are doing when this thing scores, it will. there is a billion and a half people this is their hope >> yeah. if you think about in the comments i made in our last earnings call, you know, if you're interested in going back 20 years and amazon as a small profitable online book seller, this is not the stock for you.

i'm going to reinvest and continue to grow it's an opportunity for hyper growth i'm looking very serious at asia i have a commitment to be producing in asia by the end of the year i think about the swine fever there. so 50% of the herd was killed. you forgot that. that is 25% of the world's hog population f there had been a disruption to the internal kbungs engine, a25% disappeared over night, we would be going bananas trying to leapfrog and put hydrogen or electronic drive technology in the place. that's our opportunity right now. we have to be in china regardless what is going on. this is a time of hyper growth we're going everything question right now to grab as much market share as we possibly can that is the right focus.

>> and ut were hurting, you would discount i want everyone this is the most -- what may be most transparent of the food group. but also consumer products you should read this february 27th beyond meat. go through the conference call ethan actually has to defend himself. i don't know why given the numbers. to analysts who want him to make money now. i want him to win. you can't win doing it that way. ethan brown from beyond meat i'll talk you to later >> thank you at fidelity, online u.s. stocks and etfs are commission-free.

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doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. we learned that elliott management, the hedge fund has taken a sizable position in twitter and demanded that the ceo on a silver platter. what does it mean for the stock?

the stock just roared today. it was in the market i just recommended this one a week and a half ago. the best article i like the changes happening after the latest strong quarter, the company got their act together i think it may v twirt disappointed big time. the stock got slammed. i told you it was worth buying i thought twitter two be a takeover target. the stock is up 20%. the company reported the most recent results a month ago, the numbers were not perfect they were much better than feared i said the bottom had been put in and again bottomed. think haven't submitted demands. it is easy to see what they're really after

i picked elliott to make the argument that twitter is a long term underperformer under the coke founder dorsey's second stint as ceo starting in july of 2015 through last friday, fwiter stock had a return of negative 2.6%. s&p 500 up 56% total return. you could argue twitter finally got its act together even over the last two years, it's been a real lagger. based on betting elliott is that they have a great platform some have been able to monday ties thateffectively put another way, their a $28 billion company. facebook deserves to be bigger than twitter but 20 times bigger? it is totally undermanaged elliott wants jack dorsey gone i like jack.

i think he's a very smart guy. the critics say there is plenty of evidence of that. for five years he's been the ceo two of large publicly traded companies. i said he wants to spend six months, a year in africa i'm sure he would tell he communicate. but does it make you want to know, how would at which time doer with the said with the hea of a ceo that only had one job i'm sure is true, half a jack is better than 100 of the other ceos and the last quarter cher i like so much, certainly an argument for that. what else? i'm betting elliott points to the lack of innovation on twitter. the sproproduct has barely chand sure, they let you have 280 characters rather than 140 that was in years in the making.

jack dorsey's reputation is see it from it all angles kind of guy. twitter, he has a galaxy brain management stock i think there is a real value in not pushing through changes too quickly. you don't want to screw it up. you can see how this management style could turn into indecisiveness why does elliott want dorsey out now? some of it is probably because 2020 should be a gigantic year for twitter. think already have a huge audience and they want to monday ties that. plus as boloomberg reported, who know what wasn't there, jack dorsey they spoke to the chairman and the lead indent director bout not the ceo. again, there are times when dorsey's attitude is admirable this isn't one of them n response, even some of the most bearish analysts are back ago way from the negative

pronouncements there was a sell rating on it. they were telling people to short it now they upgraded to neutral they're worried that elliott may put the company up for sale. they predicted involvement in twitter recently what does he think of the move while he believes the stock is good, it could breakthrough that ceiling if elliott brings in new ceo who is more likely to make money. first of all, i think the stock is worth owning no matter what after today's run, you may want to wait for the next market pull back hey, we just had that pullback they do happen you no he what you made it out like a bandit if you used it to buy twitter in the weakness fundamentals strong. in short, twitter was a buy before elliott got involved. regardless of how the story plays out, i think elliott's involvement makes it more attractive will they be able to replace dorsey

i don't know if he is forced to pick, i think he'll go with squared. tendst day, think elliott is unacceptable for him to do a side hustle. it's ridiculous to be a part time ceo who spent half the year hiding out in africa time to come back and work with the troops two great companies. i think it's terrific. bravo. i have to imagine the board's patience is wearing thin this isn't bad corporate coverage i think twitter is a buy whether jack dorsey is running it or not. you should just retire as ceo of twitter and focus on running square full time or half versa how about joey in minnesota? >> caller: boo-yah from minnesota. we love you. just getting spring here what's up? >> caller: i love it they want to ask about revolve group. you had great optimism in 2020

i own the stock. purchased around new year, $19 a share. down $15.50 per share. what are your thoughts on guide ons for 2020 moving forward and this being an online shopping retailer the coronavirus affect it >> i thought on line would be way go in the period of a coronavirus. the quarter was not that good. i'm not going to say double down patricia in new jersey >> caller: hey, jim. love your show >> thank you >> caller: you're best >> thank you >> caller: the professor >> there you go. >> caller: i bought iq at an average price of $28 it's been a roller coaster and i'd like to know your feeling on that stock and how the coronavirus might affect it? >> i'm not a fan i think that the stocks are -- the only stock i'm recommending

in china is alibaba. that is similar to u.s. financials i think this stock is a sell not a buy. twitter is a buy there is much more mad money including my exclusive with peg assistance this thing tripled then it is possible to put a high yield on the portfolio to get to this market i'm buying ten stocks that may not be on your radar and all your calls and rapid fire in the lightning round. so stay with cramer! at fidelity, online u.s. stocks and etfs are commission-free.

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officially hitting the us.virus man: the markets are plunging for a second straight day. vo: health experts warn the us is underprepared. managing a crisis is what mike bloomberg does. in the aftermath of 9-11, he steadied and rebuilt america's largest city. oversaw emergency response to natural disasters. upgraded hospital preparedness to manage health crises. and he's funding cutting edge research to contain epidemics. tested. ready. mike: i'm mike bloomberg and i approve this message. now that selling stock for the moment does that mean it's time to start circling back to

the high flying growth stocks that were leading the market before the coronavirus hit think about peg us is. that is a software company that develops custom applications for other businesses, tools that help clients and transformation. this is processor optization as they shifted to a reoccurring revenue based subscription model, the stock exploded to above $100 a couple weeks ago. you have to ask yourself, they're ready to bounce. the founder and chairman of the company. welcome back to "mad money." >> it's important to point out most people we have on, they're managers you have a huge position >> i think it's a good investment and i'm trying to prove that >> a lot of people are looking for stocks that the economy

slows down, they may be good others looking if the economy can get back they may be good i'm looking at them as maybe both. >> we're making processes more efficient, keeping them close to the customers but letting them take out lots of wasteful work. >> a lot of people would say what do you do there is a fantastic video about commonwealth bank which is a very large bank. talking about how to stay in touch in a era where you have billions of bits of data that is using this system. >> the leading bank in austrailia is a brilliant user of what we do to connect the multiple channels together to put a brain in the middle of the business and then not only to make what they call the customer engage ent men ink

make the right decisions with them of. but then to help execute them as well what you've done with customer satisfaction and attrition at american express is extraordinary. >> well, we're happy that we got a lot of customers, frankly, not just now in the financial services vertical, that's where we started out but to day with a whole variety of using us and frankly when an industry is in upheavel, that's when they need us most >> right you're switching to adobe. maybe can you explain how we should be monitoring by using the contra values as the metric. >> the backlog that we build up is a good indicator.

stuff that hasn't hit the revenue line. >> when i look at the customer list, i see things -- i wonder like, how can you have two different companies that are enemies of each other. you have a lot of vert calls no one minds that you're working on both sides sfwlchlt we help organizations capture unique organizational intent. as basically a better way to combat their rivals and we find routinely we're selling to competitors and we respect that when we work with them. >> so when we watch these switches, we know that there are bumps along the road but we also know that the company that's really get there are well funded. you seem to have been raised a huge amount of many ton grow to the next level. >> we have the opportunity to put out a convert thabl was frankly massively overs oversubscribeded we thought with money being so inexpensive these days, raising $450 million would make sense.

>> that's fabulous and now we have to talk about coronavirus. you have a huge number of big speakers coming to your world. in all i want to hear but will they have to speak to an empty audience >> will with, look, there is always the opportunity to do things virtually but i'm still encouraged that given that pegaworld is early june that if, like, other flus, sometimes they abate in a warmer month. we may find a reprieve we're staying agile and handle will whatever comes. >> if i came to peg and said, look, we have to be able to get our people work at home. we don't know where this is going. can peg help me? >> yeah. that's perfect for what we do. we are terrific at the management, the distribution and the automation of work that's exactly what we do. >> i have to believe that customer service can be distributed like that. >> we have many customer that's

have worked from home programs that plug seamlessly into the service. >> now is it your plan to take that convert money and become bigger along all the verticals you have 600 men what are you doing >> we're hoping that we're going to be generating cash as we go forward in the future. quality businesses do. we've done some buying back. we think the stock is a good price point. and we are optimistic about the future when we did the convert, we actually raised the premium to 100% because the 37% that came with the convert just seemed too low. >> all right i know for retail investors, for people investing in home, convert is not that meaningful the fact it's going to spur a lot of growth which is what you should care about. nice moves since we seen you last chairman of pegasystems. watch that commonwealth video. it's 3:30. it will tell you how good they to go a little

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it is time for the lightning round! buy, buy, buy, sell, sell, sell. and then the lightning round is over are you ready? lightning round. let's go to new jersey >> caller: hey, what's going on, jim? >> boo-yah right back at you >> caller: you told me before after earnings about docusign. >> i was using it today. i think it's a fantastic product. will the company continue to do great? there is a good example of something that is a stay at home stock. that's good. yeah billy in new jersey. billy? >> caller: boo-yah what's going on, jim >> you tell me >> caller: all right so me and my buddies want to know if it's a good time to invest in penn national gaming >> anyplace that is a gathering place, even as good as penn

national gaming is going to be suspect. gathering, no. at home, yes but bar stool and it will be a matter of time before it comes back danny in north carolina. danny? >> caller: jim, thanks for taking my call >> okay, danny what's going on? >> caller: well, jim, because of the covid-19 and flu, there is a lot of talk about the possibility of folks staying home to work not attending events and locations and big crowds >> right >> i'm thinking about my four legg legged fury friends. is there a good time to buy chewy? >> i think now is the time buy chewy. boy, i fought with my wife about this i'm tires f tires of picking this stuff up and pressing the amazon button. give chewy a try she said okay. but anyway, i think chewy is a good buy i see all the boxes. i know sales are going up. and, you know what sometimes just go. let's go to bob.

bob? >> caller: jimmy, i want you to know we appreciate you we little guys appreciate you help us out. >> thank you >> caller: i don't want to talk about chipdz, i wa chips, i wan talk about tysons. >> a travel trust bought it and all it does is go down the company is a better story than it's telling. if i worked at tyson, i would talk about the long term future not the short term but they're totally emphasizing the short term it is beginning get to get me discouraged. we're not going to flip it but holy cow you want to slit your throat when you listen to them talk come on, people! stop putting the hate on yourselves rita in north carolina rita >> caller: hi, jim i love to listen to you on cnbc in my car. i don't have to fumble with the iphone i just listen and drive

>> stocks come down a lot. i think the stock is back. i want to buy it i think you have to go and buy it the stock got a little overheated let's go to -- boy, it is giving up let's go to rob in florida rob? >> caller: hey, jim. i'm retiring this year i bought oxy last summer to get the dividend should i buy more now to lower my basis in it >> boy, i don't know it can bounce. i think kit bounce i would worry about that balance sheet. i'm worried about the price of oil. needs to go back to 50 over the long term. it's now below 50 to 48. thank you for giving me that so i think it's too dicey to reach for that yield too dicey. let's go to sawyer inohio. sawyer >> caller: hey, jim. boo yachlt. >> boo-yah >> caller: what do you think about waste management >> you know, somebody upgraded it the other day i said well, that's an interesting idea geez, that's good.

but you know what? happen sod quickly up $6. it probably still goes higher. and that, ladies and gentlemen, is the conclusion of the lightning round! >> the lightning round is sponsored by td ameritrade with td ameritrade you've got courses, tools, and help from pros. it's almost like you're training me to become an even smarter, stronger investor. exactly. ♪(rocky theme music) fifty-six straight, come on! that's it, left trade right trade. come on another trade, i want to see it! more! ♪

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officially hitting the us.virus man: the markets are plunging for a second straight day. vo: health experts warn the us is underprepared. managing a crisis is what mike bloomberg does. in the aftermath of 9-11, he steadied and rebuilt america's largest city. oversaw emergency response to natural disasters. upgraded hospital preparedness to manage health crises. and he's funding cutting edge research to contain epidemics. tested. ready. mike: i'm mike bloomberg and i approve this message.

people love yield. you have to ask yourself does it make sense to put together a portfolio of high yielders here? keep up on the dividend stocks and buy them, knowing you'll have to buy more if we get another covid-19 selloff friday, there were ten dow stocks that had high yields. that, of course, is not bad considering the ten year treasuries is only paying 1.15%. much better return so the question is, are they worth the risk this is a piece about risk versus reward. let's take them down

i wish i could trust that diffident. it's been cut before during recessions they seem every bit as precarious as the old dow. maybe month so i think the ceo is doing a fantastic job of managing the highly cyclical hand he's been dealt. the combination of economic sensitivity and sustainability concerns is too much for me. this is an extraordinary pairing. exxon is almost always had a lower yield than other large oil companies. thanks to the superior production and superior balance sheet. that is no longer the case i'm telling you, stay away from the oil. one vn i don't trust the yields to protect you at all. bp has been able to fund

dividend boosts and growth yet it yields nearly 8%. so i think there is much more down side for exxon and chevron especially if the global economy continues to slide wall street is turning against fossil fuels in part because some money managers care you about the environment. they've been garbage investors for five years how about ibm? they have attempted 4.8% yield i'll have to adopt the wait and see attitude here. it is a wait and see situation because they have the increased focus on the cloud but necessity have a legacy business i'm a huge believer in the cloud as a secular growth story. the rest of ibm's business, frankly, i think it's a consecutive decline. can they offset that weakness? it's possible. i don't know if it's a risk worth taking to capture that dividend the growth is subpar versus the rest of the group.

can you put this in a higher yielding port foal yoi any day of the week. same for verizon this is really interesting this is the stock to buy, obviously on friday afternoon. i like the cash flow of verizon. i'm not concerned that 5-g buildout will cost too much. the stock had a big move today f you're going to buy it, put in part of your position and wait for the next pullback. don't worry, there will be plenty of pullbacks with this covid thing. number seven is covid thing. really sounds great. number seven back to being tricky it is walgreens. 3.8% i really am worried about this the pharmacy side of the business can save them there are political risks in an election year. so many candidates wand to remake our health care stement not enough the company has an open ended

environmental crisis on their hand with a group of chemicals known as pfas. i discussed this friday night. they underestimated the amount of mb they would have to pay in judgement, settlements, legal fees 3m still has a lot of cyclical exposure once again when up this many points, you don't think there is a slowdown i'm telling you there will be. cisco is a 3.5%. defensive yield. cisco is the cash flow to cover it honestly, the company will have no revenue growth to speak of versus other tech companies. i expect it to remain an orphan. too hardware centric to thrive in this media world. i was scratching my head about why we maintain a position finally, caterpillar 3.2% that is not enough high. that is not nearly enough to

recommend a cyclical stock that is dependent on oil and china. two things you don't want to be hostage to in this environment i wouldn't be there until it go tows 4.5% which is quite a ways from here. at the end of the day, the higher yielding stocks are worth picking but they're mostly the normal high yielders like verizon or pfizer. way too much risk. not enough reward. i think the cyclicals can all go lower still and in a world where one bad coronavirus headline of any meaning can send us spiralling down all over again spiralling down all over again stick with cramer. biscuits! >>oh, that's so nice! and a little tip, geico could help you save on homeowners insurance. >>hmm! >>cookies! uhh, biscuits. >>mmmm, is there a little nutmeg in there? oh it's my mum's secret recipe. >>you can tell me. it's a secret. >>is it cinnamon? it's my mum's secret recipe. call geico and see how easy saving on homeowners and condo insurance can be.

i'll come back for the plate.

after today's rally, we're oversold there is always a bull market somewhere. i promise to find it for you right here on "mad money." i'm jim cramer i'll see you tomorrow. the special begins now

♪ good evening i'm wilfred frost. on the 64th day of the global health crisis, today a major record-breaking stock market rally on the eve of what may be the first global coordinated economic response to the havoc caused by the coronavirus. the stock market i think had a record day today. >> record breaker, stock rebound. >> we are seeing a significant