it's bounced 75% stay in shake shack. >> karen >> yes i am short hyg and i think long banks. >> guy ♪ ♪ >> amd on the weakness, sister. >> my in addition 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, put it in context. call me, 1-800-743-cnbc. tweet me at jim cramer why the heck is wall street so optimistic that we can reopen

the country without serious health consequence where does the confidence come from i mean, haven't -- let's see, we adopted universal testing yet? i don't think so we don't have contact tracing. we don't have enough gloves and mask to keep everybody protected. lucky me yet the markets have an incredibly strong month. even with today's mild dip, dow slipping 32 points, s&p edging 5.2%, nasdaq climbed 1.4%, they crushed fang put it out there are we whistling past the graveyard here not so fast. there's a ton of confidence in the safety net, the one that covers large companies even it as it fails to protect a lot of small businesses and doesn't do nearly enough for individuals. remember we don't trade hair salons here. there's no ticker for diner, no barber shop, gyms, no. we trade big companies companies that have more access to funding than i have ever seen in my life courtesy of the

federal reserve and the treasury department who know that the stakes are high. but you also got a lot of hope driving this market. some of these hopes make more sense than others. first there's the push to reopen the economy. all right. now, the states are in a real bind right now ideally the federal government would pay people to stay home, but that's not going to happen and without more checks from the feds, people need to be able to go back to work. you can't force people to stay home for months and still expect them to cover the cost of rent and food, electricity, food on the table is not right, you have to let them have a chance. that's why there is this imperative to reopen as more and more hospital systems get a better handle on the pandemic in many cases have lots of empty beds, even icus. hopefully people will be careful. hopefully they'll have masks, wear them. hopefully osha will enforce workplace safety both for the workers and also the customersment don't hold your breath on that one i believe many of the governors who want to reopen think of it

more of an at-risk quarantine. see, if you know you're in a high-risk category or you're just worried about your health in general, diabetes, asthma, hypertension, you can keep staying home until we have a vaccine as long as you can afford it. but the states can't do anything about that last part they don't have any money. again, it's a tough choice, but i think it's justifiable as long as there is enough testing to catch people who may be asymptomatic spreaders, typically super spreaders. without the testing capacity, i fear that many at-risk people will venture out and get sick and overwhelm the health care system like in new york. we're not ramping up fast enough we reopen the economy or have a second great depression. that's not right that's why you can have a rally in the travel and leisure stocks today or some of the better shopping malls like i told you about, simon properties. it's why people keep buying the stocks of lowe's and home depot. consumers are desperate and do real shopping.

that will keep going down until it reports after that, people right now want the worst because the worst is open. of course, not everything can reopen for example, say i ask gary kelly, the c.e.o. of southwest air, why more people aren't flying >> people ultimately, if they're going to travel, they need to have something to be able to do when they get there. so disney world needs to open back up. restaurants need to open back up so you have those kinds of things >> he is so smart. some people we really like i know it's not about friends. kelly tells it the way it is as we lift the lockdowns, maybe people start flying again. the stocks are running judging by the performance of stocks today there must be plenty people ready to go back to pre-covid past times if they would open up. second, it looks like some governors and possibly even our mercurial president genuinely

believe this outbreak is about to run its course. we had a charter say that last week i think it's too optimistic. you can argue what happened with the spanish flu in 1919 -- well, it just ended, right that was good, right, just ended. but there were three distinct ways of the spanish flu before that it looked like it was getting better, then it came back, it got worse. herd immunity, took roughly a year and a half to do that i hope i'm wrong, but i think it's too soon to bet this thing will end on its own. but i understand that. that's pure optimism and americans are optimistic people. interest rates are so low dividends have become incredibly attractive 3m reported far from perfect quarter. currently yields 3.73. same goes for ibm which actually raised its quarterly dividend a quarter per share, a real sign of confidence. ibm pulled back to 116 last week, it's now $126. you need income? ibm glorious, 5%

between the fed and the treasury our government is moving heaven and earth to get people back on their feet carnival is visible. on the street, bond offering according to wall street journal, talk about nonessential service, the cruise line said they're getting heavily booked for next year. forgiving people the stocks indicate they're right. the treasury is bouncing checks that meant so much to small businesses thank you, mr. mnuchin the vaccine, we get it sooner than expected? moderna, johnson and johnson, inovia these are all trying to beat this thing that's a lot of good companies if in the interim we can get antivirals to keep us alive and get us out of the hospital quicker with fewer deaths, that justifies opening america for business long term we need a vaccine. that could take a year, two

years, because vaccines require testing. you're testing healthy people. you're giving them something unhealthy. a year is lightning fast it took two years for polio, five years for ebola it could take two or three i wish the government was coordinating the manhattan project. but it is what it is finally at some point you have to reopen because people won't be able to take the pain right now the lockdown is surprisingly okay with people. i get it as more people run out of money it's going to be harder to maintain again, it is what it is. we don't want people to lose their entire life savings. cash out all their stocks. we need their kids to go back to school i have some reservations other countries have been able to reopen their economies because they have universal frequent testing we're doing better on the testing front but we're nowhere near where we need to be they're doing contact tracing. even companies like apple and google have a fantastic plan america has a strain of rugged

individuals that is in this particular case counterproductive in a public health crisis. too many of us, they don't want to wear masks. particularly men look at this this is vice president pence he's the head of the coronavirus task force he's refusing to wear a mask even when he's in the covid ward at the mayo clinic i'm calling that ill-advised yes, mask may not do much to protect you from covid-19, but that's not the point it prevents you from infecting other people you can still spread the virus when you have no symptoms. wear that darn mask outside. it us diddant eliminate the risk when i look at twitter people have a million complaints. shut up. it reduces it dramatically i hate it, you hate it beats dying. i figured that out on my own do you think we can reopen smoothly the need for distancing will wipe out all sorts of businesses no one is talking about it there's no way to do that properly when the payroll protection money runs out.

movie theaters, concert venues, crowds are a hazard. lockdown or no lockdown. nfl i think it plays in front of an e78 ti stadium. abbott labs testing every player quarantine until they come out of the tunnel to play against their other team it's a tv game now bottom line, man, i'm trying to be an optimist, but i'm a realist. the stocks running this week are cooped up stocks and they'll do better when we reopen they'll continue to run. doesn't mean business will be good will simon properties make more money or less money when it reopens 49 malls that have been closed on may 1st? exactly. marvin in florida, marvin. >> caller: hi, jim thanks for taking my call. i hope all is well with you. >> you know, knock wood, it is >> caller: yeah, same here especially in florida. you know, my question today concerns draft king,er king that

went public last week. it seems to me many of the criteria you said a stock should have to weather this covid crisis, it's a great stay-at-home stock for sure. their expansion into online casino gambling and sports betting provides a safe alternative to the risk of visiting a crowded casino. their main stay has always been daily fantasy sports to keep this customer base active until live sports resume, they've been offering free-entry fantasy contests with cash prizes on a daily basis. >> right, right. look, a bit of a short squeeze it's not seasoned enough for me. seeing double, people say why did you keep me double sure, i'd like see a little more financial, see what they're really up to you know, look, long term i'm bet being on port noy. wall street has become very optimistic the stock is doing well now. the ones will do bheter when we

reopen that continues amazon can still get worse that's okay. "mad money" tonight, what does the latest action in the steel stocks think of the overall market i've talking with the c.e.o. after earnings then how has wendy's been able to roar the past few wreekz a strong impact with the coronavirus pandemic i'll talk to the c.e.o. after earnings stay with cramer >> announcer: don't miss a second of "mad money." follow at jim cramer on twitter. have a question? tweet cramer #mad tweets send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc ss something head to madmoney.cnbc.com. ♪

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♪ ♪ what's it mean to be by far the best house in a really difficult neighborhood take nucor, the best steel in the world. unfortunately steel is highly cyclical it's hostage to the broader economy. the economy is in bad shape. it reported this morning, surprised doing well, better than expected sales and earnings they gave guidance and updated in march they predicted a loss next quarter, cut their capital expenditure. the stock ended up effectively flat today i think it's probably too soon to start buying the cyclicals. once we're close to the end of the downturn, this is the one you need to buy. let's take a closer look with leon topalian. the new president and c.e.o. to give a better sense of where the company is headed.

welcome to "mad money. >> thank you, jim. i appreciate you having me tonight. >> you're our third c.e.o., and we loved everybody jeff was terrific. i'm close to dan d'amico you came in in tough circumstances. what's it like to take over the company in the worst pandemic in 100 years? >> well, jim, let me begin with thanking our real heroes on the front lines. our doctors, nurses, health care professionals, our firefighters, emts like my daughter serving on the front lines to battle this pandemic >> where is she? where is your daughter >> in charlotte. >> i don't know if they did the fly-over there they did the fly-over in new york and philadelphia and it was fabulous to salute these people like your daughter >> you know, jim, it's certainly not the envisioned time i envisioned for my first 100 days with this pandemic however, at the end of the day,

there are several things i would point to you know about nucor and our culture. we have the greatest manufacturing team assembled anywhere in the world. we have the financial strength and discipline to not just survive this pandemic, but thrive on the other side of it i couldn't be more confident in our team and our capabilities we've developed over the years to weather the storm down the road >> the price has come down what does that mean taking out cost so nucor can stick by your incredible dividend you've always treasured and that our viewers lochl? >> look, at the end of the day, the low-cost producer wins nucor has been a low-cost producer in every segment of the markets we've been serving a long time. that will continue regarding the dividend, jim, we looked at it this morning. we've provided it since i was 5 years old. that will continue >> when you say the lowest cost producer, i used to talk to dan d'amico all the time

he said unless we have tariffs we're not on a level playing field and lowest cost production won't matter obviously you think the tariffs are still working. >> absolutely. as recent as two weeks ago, the president reinforced the 232 tariffs on steel and aluminum. there are tons of steel continuing to be produced in china. when the world reopens, those tons are going to look to find a home somewhere, including the united states. we need comprehensive fair trade. 232 is part of that lever. >> you do say you think the market, and i'm quoting, the market will bottom in the second quarter. you have that level of conviction >> we do at this point, jim but the other side of that is also to approach some of our capital spending and our future with a very disciplined approach we've taken a pause on some of the capital spending we're looking at, but our construction segment which is 50% of nucor's overall business continues to be

very resilient in current environment. so we are optimistic we'll see the bottom in q2 and move out of that as we enter the third and fourth quarters. >> there is one of the orders that you have when i would speak with your previous two predecessors, is one that we were always worried would go to china. military defense applications including two aircraft carriers being built for the u.s. navy. isn't it true that if we did not have some sort of level playing field, we could envision a world where u.s. navy aircraft carrier was made with chinese steel that may not be good mnuchin when faced with an opponent >> i couldn't agree with you more yes is the short answer. jim, i'm still proud of our teams across nucor that are supplying that steel to the two aircraft carriers for military and defense. but you strike something that we need to think about as americans. i think this pandemic will cause

the american people to look at the supply and over dependence on china not just manufacturing and steel, but in pharma, medical device, in our p.p.e we have got to become a nation that builds and makes things again, jim >> we all feel, i think -- when i ask drug companies -- i asked mike with 3m you make all the stuff we need here he made a commitment to do that. i think the problem is our country has one major steel company, it's nucor. and i so fear a tank will be made by chinese steel, or some missile will be made by chinese steel. could that still happen? >> you know, jim, as long as i'm at the helm and the nearly 30,000 team members that represent nucor's family, we're going to ensure everything in our power to make sure that doesn't hapt the current administration is committed to steel and manufacturing in the united states particularly our military

applications brandon berg, kentucky, will be the longest single differentiated proposition that will supply the military's future needs as we move forward. >> i also wanted to ask how is sedalia doing? 50u678 been building plants. one of the things people don't realize, when they decided to make it so you couldn't fly our country with cheap bad steel, you went to work and made plants and made whole towns into cities >> absolutely, jim you've been to many of our locations. i couldn't be prouder of the work we're doing and that continues to grow. we're going to build new capacity at galaton. brandenburg, kentucky location, expanding two frost mills in florida as well as missouri. that investment strategy is what's positioned nucor to be the preeminent supplier of choice in north america. >> one last question i think because of your pox, great breadth of product you now have touches everything. you probably have a better feel

for the economy than almost anyone where are we really? >> look, at the end of the day, jim, we're assessing all that. if you watch your segment this morning, economists are weather, it will be three weeks, three months or three years. nucor did not over lever to maintain the greatest army of manufacturing professionals anywhere assembled in the world and maintain the financial discipline to ensure we can continue to invest for the future so as we go forward, jim, you will see a stronger nucor come out on the other side of the pandemic and we'll do it together >> that's what people want, best of breed leon topalian. congratulations on your job, sir. >> thank you very much appreciate you having me >> and thank you to your daughter >> thank you very much >> nucor, when the economy turns it's nucor it's always sanu core. "mad money" is back after the break. there's tv. and then there's x1,

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♪ ♪ nothing better now that the market's been over a month rebounding from its lows, we keep hearing the economy is a mess. job losses catastrophic. even with trillions of bailout money we could be looking at a lot of bankruptcies. the last few weeks stocks are flying is wall street disconnected from main street? have traders lost their minds or is something else going on here? i heard some objections, i'll take them back there is one simple fact that explains everything. for whatever reason, it is ignored every day on the papers, the tv, the internet, in the conversation, distant conversations that you have. so let me be crystal clear the market crashed it crashed last month. it crashed hard.

this wasn't a meltdown or a sell-off or a correction it was a wholesale collapse. it was the great crash of 2020 if we're rebounding now it's only because we got hit so hard late february the first three weeks of march, this point keeps being lost in the shuffle. maybe because we're in the midst of a genuine public health emergency, really good excuse. remember, the stock market is a forecasting machine. it's less a reflection of the present and moran attempt more attempt to say how it will look coming in early february, when the averages surged to new highs even as china imposed the largest quarantine in history, or at least it was then. i am proud that i took it seriously even though i was ridiculed. once the virus spread to europe and then here, the market suddenly started taking covid-19 very seriously we got hammered in late february totally reasonable move. as march got rolling and went

into full-blown panic mode, and when people panic, they make mistakes they're emotional, they're wrong. just during the last two weeks the dow plummeted from 25,000 to 18,000 and some of these single-day declines were unbelievable down 10% on march 12 down 13% on march 16 yet and now you hear people wondering why isn't the stock market reacting to the latest hideous economic data? gees, that's what happened we crashed we crashed 28,000, 29,000, 18,000 -- that's called a crash! the thing about a crash, though, is that it's indiscriminate. people get scared. they blindly start selling everything, taking down the good with the bad there's no rigor black monday, terrible tuesday 1987 terrible stocks deserve to be obliterated. cruise ships on fire listen to me stocks have spent the last month

rallying they're the ones that rile didn't deserve to get hit or at least they didn't deserve to get hit that hard. let me give you a case in point that's not like the airlines and the cruise ships let's talk about one of my absolute favorites that i've been behind for two c.e.o.s now. ever had one of these? i'm talking about wendy's. here's an incredibly well-run fast food chain with a terrific long-term record and when the outbreak -- this is absolutely one of my favorite things my wife is with this bacon-ator. she doesn't care boom we knew the restaurants would be hurt she won't like that. but there was never any question that wendy's might be in danger of going out of business the brand's too durable. it's iconic. i remember dave! come over here everybody panicked, okay oh, my god -- look at this in three weeks wendy's saw the stock plunge from $24 to less

than $7 at its lowest ebb. $24-$7 crash! did that make sense? of course not. the pandemic is bad for wendy's. 71% bad. so stop fretting about why stocks are up. they're up because they're rebounding from arguably the worst crash i've ever seen yes, worse than '87. it didn't get hit harder than the financial crisis it happened much faster so you couldn't do anything to protect yourself what was going on at wendy's well, okay the stock came roaring back and closed at 20 today not making new highs, it hasn't totally recovered. it's erased three quarters of the covid crash. just like the broader market it came in two stages the stock around 23. the company reported an imperfect quarter with discouraging commentary from

management up 3.3% year over year margins were softer than expected management's guidance came in a bit light. everyone was focused on wendy's breakfast, gigantic roll out this is right as the outbreak started blowing up i went to wendy's and forever working on this new breakfast and right when the pandemic came out and went down. that makes sense we knew covid would be bad for restaurant's cohort. i love the drive-thru. i'm in and out in a sec. on march 2nd they started serving breakfast. initially the roll-out went really well. wendy's saw a 15% sales spike. then the whole country started shutting down. the stock fell off a cliff on march 10 the thing was just under 20 bucks by march 18th, $7. pure panic money managers didn't know how

bad the pandemic would be for wendy's. what they decided to do was go out of business. they act like a cruise ship. remember the cruise ships are coming back. they acted like it was an airline. airlines coming back now turns out this was a fabulous buying opportunity because a week later wendy's gave us a business update that provided much needed clarity. while the post covidnumbers were ugly, they were a heck of a lot better than fear wendy's saw a 20% decline same store sales, down 20% stinks at its lowest, the stock was down 71% and going into the update it was down 40% from its pre-covid highs. more importantly management made it clear they're not one of these restaurants to shutdown. they have perfect dlichery and drive-thru capability to people can eat there. in many jurisdictions wendy's is considered an essential business which is why on the 3.5% had to be closed. which is good. company walled ked us through te safety precautions to keep

workers healthy. they had supply chain issues i like that. they suspended the buy back. they fully drilled down their revolve credit facility. management had to withdraw their 2020 outlook as well as long-term forecast because it's impossible to predict the trajekt ril of a pandemic. none of this stuff is ideal. when you put it together wn difficulties is facing a challenging environment, not the existential crisis that this price would indicate at the time wall street wasn't too thrilled with the announcements. the past month as we got more and more used to the new normal, stocks caught fire wendy's was handling the situation well breakfast is a good thing. their challenge showed improvement in same store sales. they're down 15% this is not chipotle, but that's a big step up from down 20%. you can understand why wendy's was able to roar in the past

several weeks. down 20% from its highs. that makes sense with negative comps. we know the business will survive, it will bounce back wendy's is trading 20 times 2022 estimates. it's a tough call. the stock is currently trading where it should be in a world where people go out a lot less every restaurant right now is a little bit like chipotle when it had the health scares, chipotle is doing the best, at $1,000 it's worth buying. you can't pay as much for wendy's as say chipotle. it has good same store sales it should never have gone to 7 in the first place, but that's what happened in the crash though there are a lot of truly troubled companies out there, the crash was simply way too severe stop saying you can't believe the market is up so much and start remembering the great crash of 2020 where the dow plunged 38% from peak to trough and companies like wendy's lost

more than two-thirds of their value in a blink of an eye nick in maine. nick >> caller: hey, dr. jim, thanks for taking my call >> of course >> caller: hey, man, you have to stay on the air as long as possible my niece is almost of age, but i'm hoping you're on the air when she's old enough to understand what's going on >> that's good >> caller: okay, my question is for the food industry, i'm looking to start a new position in the company with a strong balance sheet and steady dividend since 2013. the meat industry using the defense production act to produce meat, how would this affect the company and its dividend safety in the future? my stock is tyson foods. >> i have to tell you my charitable trust owns tyson. there are a couple stocks my charitable trust has bought. tyson. terrible i couldn't believe the stock went up. to me don't buy tyson.

i'm caught trying to get it to move back up it's not you nup because i want to sell now, wendy's is trading finally where it should be the crash, and i have to keep using that word, the crash of -- march 2020 was too severe. much more "mad money," the c.e.o. said there is uncertainty when it comes to covid-19. listen up. jimmy chill is not a trader to the cause of "mad money. i'm going to tell you why. all your calls rapid fire in the lightning round. so stay with cramer. since 1926, nationwide has been on your side.

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last month the health care stocks have been leading higher. especially the managed care place. first bernie sanders dropped out of the democratic primary. no more health care for all worries. it might benefit these companies. elected procedures, those are not so good, are being postponed. centene specializes in plans earlier today it got muddled they reported a quarter, big revenue beat the company's health benefit ratio, it was worse than an advertise anticipated. the stock got hit down more than 5% so what happened here? part of the confusion stems from the giant acquisition of well care last quarter. the story is messier than it was three months ago

it's not disappointing we have to check it out. why don't we go back to the straight-shooting chairman & c.e.o. of centene and find out more about the quarter, where the company is headed. are you staying safe out there >> we are, jim we hope you are, too, safe and well >> that's the most important thing, particularly for someone who has a company now with, what, 23 million people in america? >> 23, one out of every 15 american we cover. >> that's incredible tell people where you might have been, say, five years ago. >> we may be 10, 15, 20 billion. we're five times bigger than we were then. we'll do 100 billion, $112 billion, probably around 20 billion. >> if you raise your revenue forecast, that's the number i'm focused on a lot of people we're talking about today, people talked about well care.

i'm thinking this is all part of a mosaic that's not finished yet. when it comes together, it will look like -- okay, let's call it unh. >> i'm going to tell you what we deliver today was exactly what we told everybody we were going to deliver on march 3rd when we talked about the combined forecast we said we would have corollaries adjusted somewhere in the high 80s to low 90s we came in at 91 cents less the 5 cents which was the loss of interest income which nobody could forecast growth is up there our balance sheet's incredibly strong a lot of liquidity in it we're really well positioned as we're growing it the business is growing. we're managing the medical medicine we're meeting and taking care of the population that's really very vulnerable. and i'm just kind of proud of how the company's done and we commented, we left the earnings as-is until we get more

definition it's going to be choppy quarter to quarter >> but you're absolutely right in march, the only thing that changed was the fed took rates down dramatically which was not something anybody could foresee. >> right >> you used the word -- i'm proud of you, you used the word. you've been around like we've been around. you said, look, we're at a depression level you used the word "depression. everyone is afraid to use that word but when you're at unemployment that can be as high as 20%, thank you for using the word that is operative here >> thank you but that's true. i mean, i studied economics. you get to 15, 20%, that is depression-level unemployment. >> so how do you get things back on track >> well, i think it will get back i have a lot of confidence in the vitality and confidence in this country what i think we have to be prepared for, it's not going to

be a normal return it's going to be choppy. we could go into next year if things do start to return to normal, and still have 7, 10% unemployment it's going to take awhile for things to come back. i tell people, experience is the sum of experiences nobody has ever had this kind of experience with a pandemic that hit this quick, with the kind of ramifications it has until we have a vaccine, we're going to have no certainty, jim. >> right i think that is very true. i think people keep thinking that will be okay. if the nfl season will start it will be fine i think the stands will be empty. we need all these different things i'm sure you're advising everyone masks, physical distance what do you think is key for staying healthy? >> i think you need the physical distance you need the mask. when you go back to work, you have to do the temperature checking there's a lot of things you have to do. but, you know, what we've said is all along that, look, you're not going to be able to measure it quarter to quarter. >> right >> you're going to have to look

over the long haul and look at where you're tracking on the year there could well be a second peak if people go back to work too soon and they give up some of the principals that are helping to plateau it and see it come down. we're in a very unusual time, jim, and we're managing through it we have the strength and capability we moved 66,000 people to work at home in three days. and this company is functioning today as well as it has ever functioned we do what we can. we want to get them back to the offices, but it's just incredible we saw the capability. it was fantastic >> one last question are we opening correctly state by state, different ways, some places hair salons and gyms, some places we would never think of doing that? is it too random too dangerous? >> i think, you know, there's a

lot of pressure to get things back in the small businesses here's my question that i keep asking people. if we opened up all of new york city tomorrow morning, said okay, open it up, and you could go out tomorrow night for dinner -- i don't want to personalize it to you. go out to dinner tomorrow night. and then would they want to go to a movie theater, broadway play and sit in a crowded theater? it's one thing to say we want to open it up it's another thing to get the momentum behind it that will improve the economy. >> right i totally agree. i think that people -- a lot of people who feel if you open it up, everybody will come out. the fact is we all know people who are sick we all know people who died. well, i have to tell you, michael, you put together an amazing company. i totally get what you were saying you came here and spoke in march, you did exactly what you said >> we had a strong quarter and delivered on what we said we would do

>> absolutely right. that's why the stock is a buy. that's the chairman & c.e.o. of centene. "mad money" is back after the break. >> announcer: lightning rs

sponsored by td ameritrade ♪ ♪ it is time it's time for the lightning round! rapid fire -- >> buy, buy, buy >> sell, sell, sell. [ buzzer ] >> and then the lightning round is over. are you ready, ski daddy jim in pennsylvania. could be me. jim! >> caller: booyah, jim in pennsylvania, loyal eagle fan.

>> get on the bus. let's go >> caller: one year viewer, during your recent call, i was very impressed with -- he had a dignified exchange, very patient. >> my ma told me to be like that makes it tough for republicans and democrats to hate each other. my mom said you have to respect everybody. how can i help >> caller: we need income with capital preservation for the financial sector a large cap stork with the price earnings ratio of 6, dividend yield of 7.25. but during the 2008 financial credit crisis, the dividend was cut by 50% what do you think of prudential financial? >> i think that payout is too high and it concerns me. i haven't done enough work to be sure, but i don't think that that is -- i think you're reaching for yield when i reach for yield in my career, it's rare it's ever been right.

let's go to nick in new york nick >> caller: booyah, jim >> booyah, partner >> caller: spr >> i think aerospace is on hold and this stock can bounce because right now there is this kind of cooped up expectation of anything aerospace, but i don't want to be there how about natalia in new jersey natal. >> caller: booyah, jim i have a question. what's your opinion on general motors >> general motors? the yield gets higher and higher, you have to cut it i have no long case for gm other than animal spirits. i think the stock could go 10% before they say there's no earnings momentum here let's go to grant in virginia grant. >> caller: hey, jim. so i took a canceled position in al, american airlines friday, the stock just rocketed. what do you think, i should sell now or hold? >> take half off again, the animal spirits, it's

flying that usually lasts about three days that's about all it can do after that we have to start worrying about how earnings are dock let's go to tiegen in california tiegen >> caller: yeah, booyah. i wonder about diner trace >> man, we like dynatrace. that stock should go higher. i'm going to say yes to that one. let's go to charles in arizona. charles. >> caller: captain cramer, can you hear me? >> admiral, you got my -- i got promoted since i talked to you last >> caller: i know this is "mad money," but for me right now it's sad money can you hit the house of pain button for me? >> the house of pain >> caller: thanks. >> you're a bit of a masochist, but go ahead

>> caller: my stock is -- >> why aren't you in inviva? go with peter gasener. he hasn't hurt anybody let that stock come down a little bit [ buzzer ] >> we're not done. we're going to take one more we're going to go to steven, i think he prefers to be called steven, not steve, steven in california steven >> caller: thanks for taking my call, jim. i'm calling about -- >> that's a house of pain. it's the best in the bad neighborhood of drilling and service. it's so bad, if you can get a 5% bounce on that, it would be enough other than that, they're buying all the bad ones right now mean ones that aren't doing well, i have to be a little more politic. in my case, 5% bounce and run. let's do one more. why don't we go to pete in delaware pete >> caller: jim, hey, how are you doing? >> couldn't be better, thank

you. >> caller: i wanted your opinion on khe >> oh, man, you're giving me some really hard ones here pilot care -- no the answer is we're not going to go to chem en. we'll do homework on it. that's why it is 57 's so hard and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade t too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. now offering zero commissions on online trades. we charge you less so you have more to invest. ♪

♪ ♪ on last night's off the charts, i highlighted a pretty controversial idea carley garner, good track record, predicts prices are going to rebound from ridiculously low levels. then i said something that unleashed an onslaught of criticism. i said, if you agree with garner, then you might want to buy pioneer natural resources, parsley energy, diamond back and chevron. immediately the long knives came out for me on twitter. who was i to recommend oil stocks am i out of my mind? what the heck is cramer smoking? they acted like i was some kind of oil bear trader when really i was thinking like a trader, t and then a d i dislike oil. i wouldn't like it in a box, wouldn't like it with a fox. for them it's like big tobacco

i never recommended oil. that was certainly acknowledged. you have to understand there are moments when oil makes sense as a trade. while i don't encourage trading on the show, i know many of you do it. calling the chart work crude could go back to 30s and 40s as economy reopens. i gave you stocks that would be short-term winners when they pop. look at it this way. oil is way down. future is erratic, untrustworthy. it owns the oil futures, but not structured to own actual oil some of the futures expire every month because there are idiots who run it, forced to sell at any price. they're always welcome to come on the show and explain. it's easy to crush this instrument when demand drives up same thing happened at the uso wasn't set up right. because of the shicanery, we're

seeing a good stock trade. it's been under pressure for ages there is way too much production doesn't help it's with a by-product the glut is being addressed. if you want to play it, you can buy capital oil and gas for a trade. there's a reason it's already up 18% for the year even though cap is a bad long-term investment, you can be short with trade again, trader, not traitor i learned my lesson riding bp down for my charitable trust the dividend offered as much protection as a wet paper bag. the stock has been so low. the oils aren't rebounding because they're in good shape. like the cruise ships, they're

oversold they're good trades, not good investments. housing stocks are running because people expect a good spring selling season as families flee to the suburbs to escape the pandemic. so far the numbers are very good, especially for giant at d.r. horton. even in the medium term it's foolish to go in home builders because we have double digit unemployment la nar, d.r. horton, go a ed, i like them short term not long term. finally we're getting to the tail end of the retail trade remember when target put up digital numbers because wall street wasn't thrilled about the margins? that was ridiculous. target's quarter showed you the brilliance of buying the business model stock is $112 where it should be i like he estee lauder long term it's going to be tough. remember the mantra of the show, to teach, to educate, to explain, put in context and entertain. i know trading that's what i used to do for a living but jimmy chill is not a traitor

to the cause good trades can be iffy investments. but i'll try to be clear about which is which if only so i don't get raked over the coals on my usual post show twitter perusing stick with cramer. protein. low sugar. so good. high protein. low sugar. mmm, birthday cake. and try pure protein shakes, with 24 vitamins and minerals.

i got a word today i always like to say there's a bull market somewhere and i promise to find it for you here on "mad money. i'm jim cramer i'll see you tomorrow. "markets in turmoil" is with sarah isaac. and it begins right now.

watch or listen live on the cnbc app. i'm sara eisen on day 121 of the coronavirus crisis the infection rate in the united states just hit the 1 million mark >> we have been in collaboration with other people in industry. >> three of the world's biggest health care ceos speaking out tonight. >> we've got a good vaccine. we need to ensure broad access to populations around the world. >> tonight, where we stand on the possibility of new treatments, vaccines, and testing. plus -- >> steps need to be take