>> heated show, like that, good energy brian 1.55 times price of casual, j.p. morgan jpm. >> good ideas there. difficult day with the dow down nearly 1,500, we'll se 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 and i'm just trying to save you some money. my job is not just to entertain but to educate and teach you put this one in context. maybe it takes a darn recession

to beat this disease maybe it even needs a bear market which is where we are today and the dow plunged and s&p and nasdaq nose dived 4.7% coron as coronavirus is a public health crisis wreaking havoc all over the country and it hasn't effected that many people yet but we know it will. and we thought we could keep it out and then thought it could be contained and then as it kept spreading we were told there was no big deal. there's so few cases and so few why all the fuss and we discovered the term

community spread we heard about the outbreak in washington state and then the suburbs of new york and then the fiasco it dawned on us when they say novel as novel coronavirus, novel means we have no immunity to it. we have no vaccine if you don't, try not to get it. we have no tamiflu once you get it we're all against this unseen nightmare. novel, steven king novel all right. we're cancelling big public events what happens next. the two ways to do this, two ways to play it, pile on once again and tell you this is all over, it will be easy to say the bear is back and the bull is

dead i have heard that a lot or i could offer a more constructive view and things do occasionally go right. tonight i want to take the second approach, the constructive one why? because i have been bearish for a month and a half now i started warning about the coronavirus, i wanted to see the super bowl but i came home so i could play a tape the next morning of one of our favorite investors that taught me a lot at goldman sachs saying they changed for the worse. i told you repeatedly that i hated the oil stocks just the worst of all stock with the exception of cruise lines. they were uninvestable over and over again down 71% for the year and everyone i know everywhere i go people have given up

they want to sell everything and they want me to tell you to sell everything maybe you want me to tell you. no, i'm not. so you don't need more bearishness from me. you need to know what could happen that would make me positive so what could still go right let me start with a caveat that's so important. we're a business network the federal reserve is not on the list despite the insistence of money managers, whatever is going on, but over and over again here is the thing. they can't it just doesn't matter you can't solve a public health crisis with monetary policy

those aren't bad ideas but they probably won't be to move the needle we need massive fiscal stimulus. what can you go right? that matters first we need to flatten the curve. most americans will probably get this disease but when we get it, when we get it matters when if everyone gets it once our health care system will be overwhelmed like we're seeing in italy. crowds getting away from them and stop going out and no fans at ncaa games. no more college, done.

no more late night talk show crowds anything to stop congregating. maybe including nba and major league baseball and any and all conventions and fund-raisers stop traveling unless it's essential. if we do that, we can beat them. so it's going to cause a recession. i told you that. many people will be hurt financially but our health care system won't be overwhelmed and a lot more sick people will live stop acting like everything is normal because it's not. it won't kill you to stay home it actually might save you two our scientists can still solve this he helped turned aids from a death sentence in that condition. he never said the virus under control and maybe they can come up with anti-virals. get a manhattan project going.

more real itse more realistically we need to flood community health organizations with the billions of dollars they need to do their job. we need a malcolm x approach to this as in by any means necessary. novel drugs to fight a novel virus. hope for the best, prepare for the worst. we don't know whether this virus, what it will do when it gets warm although it's still striking people in warmer climates but if we slow the spread, flatten the curve, maybe we can get through the summer without horrific causalities and overwhelming the public health system fourth something major from the federal government not a payroll tax cut. we need to pay people to not work maybe give them $1,500 each. something for student loans. how about that that's $7 trillion moritorium think about that how about a sovereign wealth fund for pennies on the dollar at this point you need to think outside of the box that doesn't work. this is different.

with interest rates so low, the government can get away with spending fortunes here hundreds of billions of dollars. whatever it takes. the rates are the lowest ever anyway maybe we'll get positive breaks on the business front. we need it what if boeing gets approval of a 737 max. that could be huge even if there's not a lot of demand from airlines at this point maybe companies yielding 4 or 5% because not all the dividends are phony. some are safe. that can go right. this could happen. it's not pie in the sky. all that said, i'm still pretty bearish about the averages i'm convinced this market won't stop declining until the lows of december 2018. those are still a long way off the s&p 500 currently at 2741. it could find 2350 dow went to 21,712 now it's 23,553.

of course many stocks will bottom before those levels that's why we still talk about stocks worlth bth buying on the. if you need money for the next year or two, maybe actually sell something until you have enough cash for your peace of mind. i think you should be putting your cash to work, slowly to slow down stocks and drugs and utilities and maybe the higher names that don't need a stronger economy. and please, i know that i'm a broken record, buy gold. by the way, okay there's nothing more important than trying to stay home wash your hands and get your supplies if you need to go out, wash your hands some more. don't touch your face. wash your hands. don't shake hands. hopefully we can stagger this thing out and our scientist will come up with something to stop or at least slow the pread and a recession but it's the

best we can do >> chuck in arizona. >> i have been better. >> ups, 119, so i'm down about 30% on it. and now down to about 88 my question is, do you think i should buy some or wait a little sbit >> that's 4.5% it's down 25%. it's at 87 now probably next stage would be 82 and then 76. debbie in ohio, debbie >> hi, jim, how are you?

>> health insurance officials and said the industry would raise fees for testing and also treatments, do you feel the health industry stocks are a good investment? >> they're a better investment than they were because of the potential demise of the bernie campaign they have run up in the idea that biden is going to be the nominee and not bernie they haven't cooled off yet. let's go to lou. >> hi, jim, how are you today? >> it's been a long day frankly, how about you? >> pretty good i'm a long-term stockholder, i have been down from the 50s to today's below 40 close do you still believe in it for the next five to ten years and do you think that's still -- >> i'm worried about it.

you know i have to tell you, the numbers have not been good she revised her forecast and then i read a piece yesterday obviously about the health risks at nursing homes all right. there's two ways to play the event here that is the coronavirus. i think you should be putting your cash to work very very slowly in some of the names that we have suggested. there's two stocks on the dow 30 that i like. but i like them. on mad money tonight, if cruise lines and airlines are all in trouble what does it mean for bank stocks? and with the dow in bear market mode i'm going stock by stock to help you make sense of the index. and after another dramatic sell off is it time to be more constructive when searching for actual buying opportunities. so i'm going to eye an under the

radar software company so stay with cramer. >> don't miss a second of "mad money," follow @jim cramer on twitter. have a question, tweet cramer, hashtag mad tweets send him an e-mail to madmoney@cnbc.com. or give us a call. 1-800-743-cnbc miss something in head to mad money.cnbc.com but in my mind i'm still 25. that's why i take osteo bi-flex, to keep me moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex - now in triple strength plus magnesium. but when allergies attack,f any the excitement fades. allegra helps you say yes

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why are the bank stocks so vulnerable every time the market boils over the financials could crush they were bent and mutilated cruise lines might be banning customers for safety reasons the last place that you want to be during a pandemic is a cruise ship it will be a long time before they come back from this a group that's in the cross hairs of russia and saudi arabia and a vicious price war. the decline was so swift that

they already had to shred the dividend i'm betting others will follow the retailers and the restaurants are likely to suffer as fewer people go out and takes over how about the airlines with gigantic capital costs nobody wants to travel all the airlines are better than in the old days. they never seem to have enough cash to tide themselves over when people stop flying and like the big industrials and technology companies that are finding it hard to close deals as enterprises rarely cut back on capital spending to preserve cash and face to face meetings are now hard to come by. so let's see, if the banks don't have any of these problems, why are there stocks such dogs simple they might not be suffering like the cruise lines or oil producers or retailers or the

airlines but do you know what all of those groups have in common they owe the banks a lot of money and now because of the flattened yield curve the banks are making risky loans it could be ridiculously low prices and interest rates. on monday one of our absolute favorite companies, norwegian cruise lines or $675 million from jp morgan their client, jp morgan is going to help his clients buy from bad times and good times they're good bankers and that's what they do what happens if the virus is raging and customers don't come back it is a very well run company our governments chief epidemiologist is saying the elderly should avoid cruises that's not inspiring for the elderly or for that matter younger people either. it doesn't help that so many of these ships seem like floating petri dishes or even hospital

ships from the look at them. they're just frightening masses. sure the president pledged to help troubling industries like the cruise lines maybe low interest loans from the government a bailout of cruise lines. who gets hurt? i'd say it's the lenders like jp morgan every one of these industries takes down debt. every one of these industries is shall we say suspect now if cruise lines and restaurants and retailers are in trouble so are the bankers. if i owe you a million dollars that's a me problem. if i owe you billions of dollars, that's a you problem. donald trump when i was reading about him and the casinos, now you can argue and they had plenty of fees and back to full yields because the stocks are falling so much

and they can stop buying back to fund those dividends but in the end the yield curve and risk of those loans going bad, i mean, therefore the stocks could be awful investments and i cannot figure out how to value them right now but all of these industries struggling that are their clients and from the looks of things no one else can either stick with cramer.

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you cannot hide in the dow jones industrial average it's what kind of stock we bought on the way out of here and that's why we have been going through this whole index this week wow, a textbook example of the kind of stock you want to buy. a pharmaceutical company pfizer's got businesses with drugs that are about to go off and when the deal is done later this year you have a brand new company with much faster growth. nice catalyst. i like it. second, procter & gamble now they already told us there could be down side to its numbers thanks to copd-19.

they said that in a conference earlier this year. any company that's called out the damage is likely to be those that haven't stocks had a big run from the bottom i would say it would be worth buying at lower levels but not here third, giant insurance company, the problem with insurance is they take your premiums and then invest it to get a better return they can't get much return these days and the stock market well obviously that's a disaster. i suspect the numbers for travelers are just too high. you can't own stocks where the numbers are too high and no. fourth, united technologies, it's about to merge and then split the company and aerospace and elevator business and climate control business

the elevator business is not there. who cares about controlling energy costs this really isn't the kind of business that you want to own going into recession no thanks. it was thanks to the apparent demise of bernie sanders well, at least the presidential campaign right? he's still in but i don't regard it as viable we get hit with the coronavirus which makes the earnings uncertain. however, i'm betting you can navigate these troubled waters this company is sensational but the stock was lower a few weeks ago. so there's risk here to me you leave room at lower levels just in case the bjoe

biden coampaign stops. very reasonable and safe 4.5% yield plus the government blessed the t-mobile sprint merger i know, i know, sprint and t-mobile says it wasn't their intention but that's the whole point of acquiring it. probably wireless consumers like you. think of verizon as an extremely well run utility you should buy it here and double down if it sinks to 49. 7th, visa, credit card but we are interested and the truth is that a coronavirus recession means more consumer spending. however the stock has already

fallen in a matter of weeks. so, no no way stock is so expensive selling for 28 times earnings. that does reflect the worldwide slow down. it's trading down to where it was a year ago possibly even lower. 8th is walgreens oh, man with bad stock nothing but trouble. it's retailers being ripped to shreds and who the heck knows it seems tempting. it was only one problem. i don't think walgreens can hit the earnings estimates for this year for next year. and it will find stock going lower no matter what the dividend is. having a high yield and low price to earnings is not protection here. i want growth. walgreens doesn't have it. believe me that dividend will not protect you. i'd much rather own cbs which has 3.3% yield but real growth thanks to its merger with aetna.

now 9th walmart. this is a stock that i have been a big fan of but right now it's too low people keep gravitating to the stock though and with good reason one of my absolute favorite strategists at goldman sachs and he was on squawk this morning just did some excellent work demonstrating that walmart out performs in the event of a downturn and a downturn is where we are headed. he's using a case that's pretty close to the levels i have been looking for. remember i'm telling you that we're going to go back to the late lows, late december 2018 lows of the jerome powell bear market right now walmart is at 114. it's better. since those lows, walmart delivered a series of surprises and felt an online strategy that i really like. can't compete with amazon using it's stores as virtual warehouses well, the staff, the stores have never looked better. i went to one recently and said wow that's why the stock climbed to 125 at its highs.

i don't see it going that low later. the problem is walt disney painful. i love disney. the company has been amazing hit movies, theme park rides, but weighed down by the cable business, especially espn which had been ghuge before cord cutting became the thing disney turned things around with a role in their highly successful streaming service disney plus and caught fire. a no, ma'am in a winner but then copd-19 came along i fear they might have to close the parks to contain the outbreak and that's why disney has been so ravaged but i'm betting the stock will be incredible waiting for the other shoe to drop for my charitable park.

you can follow what i'm up to my joining the action alerts plus.com and ithink only coca-cola, goldman sachs, jp morgan, microsoft, united health, make any sense here and dow components that's only two of them. i think the rest are hidden

lower and i don't like you trying to catch the -- we keep it here for these moments. the rest of the dow, well, here you o. >> it's okay it's the only chinese stock that i'm recommending china is amazingly ahead of us in this disease that came from china and that's because they did some draconian moves to contain it alibaba is going to do well. >> let's go to scott in florida. >> a big booyah from sunny boca raton. >> do you know who used to love

it my former partner larry kudlow he used to talk about it all the time. >> thank you for keeping us sane through all the turbulent times and reminding us to never panic. today i'm asking for dr. cramer's diagnosis on sister company and dividend aristocrat. >> well, he is a titan now he's chairman and he's going to be giving up with robert ford the stocks down 2 and $7 it is a marvelous stock and if you wanted to buy it again i like it. remember i like drug stocks, medical device companies and i like the super high growth and i think the utilities and the rest i have to sell to you and abbott is one of them that i like and i think people of all ages should like abbott labs all right. now i know there's not that muc to work with here. i did find two i got the pfizer and the verizon. two out of 30 ain't bad. you can pick the higher yielding

names too. but not at all one level by the way, this is the problem, right? that i have 2 out of 30 that i say buy tomorrow i'm going to get a firsthand look at the financials they have even been here don't miss my exclusive with the ceo. and as the market is getting hit i'm on the hunt for stocks that can work even at a much tougher environment. tonight i'm revealing a newly minted company that can work here, wow and all of your calls rapid fire in tonight's never tiring always enthusiastic lightning round. so stay with cramer. do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended memory support brand.

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>> it's a software company with service providers and health care companies by giving them tools they need. the processing and functions like trading and modeling.

now a month ago reported an excellent quarter solid guidance good growth. the stocks lost 31% of its value even though the business shouldn't be that impacted by a corona induced slow down let's check in with bill, the founder and ceo of s and c technologies, that's ssnc technologies to get a better sense of how his company is doing and how it's navigating customers through a period of volatility and you're a keeper of a lot of different assets what are you seeing, sir >> well, i think that as everybody knows the volatility

has gotten people a little bit so we're seeing people hunker down and at the same time a lot of our investment and they're looking for opportunities. >> that's important. because we're thinking a mode gripped by panic and fear and investors who obviously is the administrator keep track of everything there's still money coming in and they're still people doing something. your clients aren't frozen >> you and i are both here and we're getting paid to do this so some of the things that people realize is money still being made and we generally put it in a financial asset. >> well, as i said we want some great deals and we have a great

sales force that work hard at it so far we're plowing through q-1 as best we can and we have some optimism. >> as the algorythmics from ibm, how is that fitting into your plans in 2020 so far >> we're really feeling that it's a real wise one because of the talent that we got we have about 350 people that are, you know, strong, strong and a lot of ph.d.s. a lot of expertise and i think we think we're going to be able to marry them with all of the data we have and come out with some very interesting products. >> now, would that be, we hear about funds or is this a way to provide more information to your

customers. >> it's more information to our customers. we also have a spider distributor as well as an asset manager and and he's really excited to add more things like analytics. >> now i guess i could have desperately needed you i did a lot of stuff that was administrative discovering that the data that you have and the protections that you have is that they save a lot of money if they just hire you? >> i believe we're making a lot of traction along that i think one of the products that you used early on showed you an intraday p and l when you make decisions as fast as people like you make, you want to have stuff that's really up to date. >> i'm just curious because we have to give them what's going

on how are you able to manage your staff. are you splitting people up and do you have them in different buildings? what are you doing to make sure that you give your clients the security protection they need in an era where workers are getting sick we have a thousand people in manhattan and 10,000 people in india and 5,000 people around greater london so we're used to having people work remote and a pretty big group in china and hong kong. they have been working for a few weeks so we have been able to manage and pay attention to customer service and make that our priority.

>> no degradation by having people work at home, huh >> i wouldn't say that there's none i would say that it's been minimal. >> that's good to know bill stone, chairman and ceo, thank you for coming on mad money, sir 4.6% growth. when it comes to taking different positions, i don't know, maybe we have to think about opportunity. mad money is back after this - [narrator] at southern new hampshire university,

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and then the lightning round is over, are you ready? the lightning round, jack. >> hey, jim, thank you for your time, man. >> no problem. >> my question is -- >> it's more of that than livestock. that story is going to be resis tent to recession. the stock is up over time so i would buy it on the way down but i do like it let's go to roy in california and they're probably going to sell it anyway this is the market while it's a

high growth stock which i like it's going up so much over multiple years and that's what i do want you to buy this is a way for companies to save money dean in nebraska, dean >> yes, how are you this afternoon? >> long day. doing okay how about you? >> well. >> that wasn't like that >> how do you like that? >> i'll tell you what, they're a great ceo and that's about finding people in the health care system. could you think of a better moment for temporary health care i don't think i can. i'm not done i want to go to jack in ohio, jack >> need your help jimmy. they have a good track record of paying the dividend which i'm already in

one oak is souchuch a good compy it would be the last one that would cut but they could cut because you're talking about cutting the cap ex what am i going to do here if you have to own one of these, one oak would be the one to do it it is the most conservative but that group is -- its nsh, not so hot. let's go to gene in maryland. >> jim, my eagle brother. >> bp is tough my charitable trust owns it. a little sliver of it and it's just nasty and horrible. it stinks. and that ladies and gentlemen is the conclusion of lightning round. >> the lightning round is sponsored by t.d. ameritrade ♪

♪ ♪ ♪

we're hunting for stocks that could work in a much tougher environment and have something that isn't with it every day. you probably don't know it it's the symbol, take it down, sdgr it became public a month ago and i told you to stay away from

casper who are you going to call? ghost busters. >> had a very different trajectory though. this is a technology company often mislabeled and it makes tools from lifesize industry specifically the leading one and you're trying to discover them and you need to design the molecules. and you know everybody seems to be trying to get this one solved predicting how the new compounds will work, this is where they come in. they created efficient space platform that lets drug companies model how the molecules will behave with a high degree and one of the most promising compounds.

that's how technology can cut discovery time in half and you often talk about how fast things are going. it's basically for more than just drugs aerospace energies to make electronic displays. in fact they're so confident in their system that they're going to develop their own drugs right now their focus on targets and dna damage response pathways and genetically defined cancers. this is a great business and moreimportantly it's resist. if anything the global pandemic is the kind of thing that might make them want to step off their research efforts

the first day of trading in 28 and change and then by february 21st, it's $50. that's what the market wanted. i am assumed this is one i was asked about it a little less than two weeks ago. one reason that i hesitated to recommend it is it was trading up at 46 tha thanks to the coronavirus it's been crushed it's right back to where it was trading only a few days after it became public. in other words you are getting a very good-bye opportunity here if the market keeps being pulverized, please buy it gradually on the way down but it has hypergrowth and that's why i keep saying i like it. i do think that it's worth

owning considering the financials the total revenue is 21.5% clip in 2019. not that impressive but when you drill down there's two big divisions. there's software and drug discovery where they have closer partnerships the drug discovery business was on fire. it was up 231% year over year. meanwhile, management gave us preliminary guidance for the fourth quarter and we saw a massive axcelleration. it sped up to more than 48% in the fourth quarter with the slower softer business up 26% and the drug discovery business more than doubling that fourth quarter forecast is the reason why the stock caught fire after it became public. wall street loves accelerating revenue growth that makes sense and the recent pull back. i'm calling it a gift here why? i speak to a lot of biotech companies because of the coronavirus. if you have anything good for me, please, i'm convinced that it's the future of medicine. let me put this business in the

context of something easily accessible it's trying to become a biotech butterfly but if you think of it as an essential arms dealer to the biopharma industry the stock could have a lot more room to run. especially with the recent beat down i don't know why anything will bottom with this pandemic.

nobody does. it's terrifying the markets but i think stocks represent a smart bet if you're worried about a public health crisis causing a recession. and that's why i recommend buying this one. in stages on the way down, the near term just too hard to forecast for the stock and not for the company because i like where he is headed and the economic risk is a heck of a lot less than almost any company i follow. stick with cramer. edge-to-edge intelligence gives you the power to see every corner of your growing business. from finding out what's selling best... to managing your fleet... to collaborating remotely with your teams. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence.

maybe it will take a recession to beat this thing that is what it takes. it is worth it but we will win. it is just that we have to be a lot more draconian and that may mean that your stocks could go down in order to win i hate to say. that may be the way it has to be like to say there's always a bull market somewhere. i promise to find it for you on mad money. our special markets in turmoil starts right now

- one way women can feel better about their finances is by talking about money. when we discuss how we're spending, saving, and investing, we can look out for one another and bank on ourselves. good evening, i'm scott wapner this is day 73 of the coronavirus crisis stocks taking another dive and the president set to speak tonight. the world health organization declared the virus a global pandemic as the number of cases around the globe grows. >> cases spiking. >> more market stress. more liquidity stress. be careful out there is what i tell people. >> the market tumbling. >> dow is down more than 5% today officially entering a bear market. >> fear on wall street and main street >> the dow dropping more than 1400 points.