forward once we get things open. tjx. >> guy adami >> if my internal clock is correct there are 15 seconds left in the show, and i missed my popeye's taste test that was a lot o my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain you, but to educate, teach you so call me at 1-800-743-cnbc or tweet me at jim cramer. was today's pullback all about profit taking?

or was it the real economy rearing its increasingly ugly head every day that the average goes down, the dow slipped 102 points, s&p shed 7 p.8%, are we having great depression style unemployment 38 million jobless claims or another garden variety sell off in the wake of another major rally? i'll give you a hint it's not the economy driving the bus. i know the market's incredible rebound the last two months seems totally out of sync with what's happening in the rest of the country. wall street's become divorced from main street and we're told that's unsustainable the thing is i'm not so sure this morning on "squawk on the street," i kicked this idea around with david faber and carl quintanilla. david was incredulous i thought we were seeing a garden variety sell-off, not some reckoning mass sell off in unemployment.

another 2.4 million people filing for jobless benefits this very week. remember we get those claims thursday morning let's start with the positives that help stem the bleeding today and i'd say almost all week because that's the case first, is there was the news that treasury secretary mnuchin said we'd need another stimulus. they're not tone deaf to what's happening in the country we know house speaker nancy pelosi has been trying to pass another multi-trillion dollar bailout, came on the show to talk about it. the senate didn't make a counteroffer if the president is pushing for relief, though, that could change pelosi won't get her full wish list but she'll work with secretary mnuchin and she'll get something done or he'll get something done, depending on your outlook the impact, gees, you know if several trillion dollars of stimulus could be coming over the summer that suggests the future will be brighter than the past sure, the economy looks bad now.

it looks better with the second gigantic relief package. second, the federal reserve which controls the printing presses has been injecting money into the financial system at a furious pace actually untold and i'd say the fastest ever in the last two months we've seen more expansion of the money supply than we got in the first five years after the great recession started. you hear me? more, two months when you hear that the stock market's only roaring because the fed is propping it up, the money supply is what people are talking about. permly i don't see the problem here extraordinary times call for extraordinary measures and this is extraordinary time. as long as the fed is going full throttle and rates stay low, the stock market is the place to be even in a weak economy let me put it this way any company that can maintain or increase its dividend right now is a much better buy than leaving your money in cash or bonds. like it or not stocks are the only game in town. you've heard that phrase before. i'm sorry, got to use it again it's cliche but it works, crazy thing. $4 trillion have been pulled out

of the market since the pandemic got rolling. i think we're seeing major pent-up demand just like people are desperate to end the shelter-in-place order so they can get a haircut. this money on the side lines, 4 trillion, is itching to get back to work because it's making you nothing on the sidelines third, the vaccine silver bullet that lets us go back to normal all week we've been dealing with reports of a potential vaccine for covid. kind of picture is get being clearer. a few days ago moderna released some preliminary data from a very small size sample with no control. that suggested the vaccine could be effective that seemed very exciting till the next day when the company announced plans to sell $1.3 billion worth of stock right as the biotech journal questioned the significance of moderna's data the truth is moderna's vaccine is in phase one trials it's being tested for safety, not whether it works i think management is suffering from a disease that often a netflix young companies. it's called premature explanation. it's painful if they had simply told us the

vaccine was safe and left it at that, it would have been better. we'll find out if it works in phase two. maybe they get a worse price on the stock offering if they had done it my way nobody would feel burned controversy aside, though, the fact we spent all week talking about other vaccine possibilities cuts in favor the stock market it reminds people eventually we could get a vaccine -- notice i said could, not will and life can go back to normal fourth positive, lots of people including governors and money managers seem to believe the virus has been contained some even think it was never big to begin with. that largely seems like a function of geography. if you're living in a region mostly unscathed, i can understand you feeling this way. maybe you think the whole thing is blown out of proportion i know there's whole news channels that seem to think that way. a lot of people felt that way in new york remember, that's the way we felt at the beginning of march. rude awakening i really hope the rest of the country can other void that harrowing experience i don't want it to happen, but it happened to us. don't want it to happen to you

what matters here is lots of americans seem to believe we're nearing the tail end of this pandemic and when we reopen the economy, life is going to go black to normal we're about to return to -- we're going to do everything go to the beach, take a cruise if they let us not to mention getting our haircut, getting our nails done, working out at the gym and maybe even hitting the packed bar, right? get a couple of -- anyway. i think that's too optimistic. you need to know this cohort exists look, i have a bar you think i don't want that to happen hello. anyway, so with all these positives were was the market still down today is it the jobless claims i don't think so the averages aren't telling us the truth. stocks that managed to rally today were recovery plays. retail, housing, some bad retailers. decent housing travel, industrial hey, cruise, plane, they're totally in sync with the bold thesis i just laid out down and out mall retail was the strongest part of today. weakest performers were stay-at-home stocks like take

two interactive we'll hear from lalter in the show we'll talk to target later in short, there's nothing in today's action that suggests wall street worries -- is worried about the economy. if anything it's the opposite. trying to figure out where stocks should be priced. the averages go down, simple the stocks that got hit are the international techs. the companies that thrive on global commerce. they do a lot of business in china and president trump once again ratcheting up tensions with the chinese this is good friend -- great friend president xi. the personal nature of his tweet attacks feels like an explanation. people that do business in china need to get ready for a world of hurt wall street doesn't like big mom nemanja. it had knowing to do with the horrific labor market here in the u.s. wall street is very much the worst from main street they're not getting together any time soon. they've moved into separate houses, filed the papers, they

got -- need a lot of information. bottom line, the market may have been hit but today's action was still pretty upbeat about the u.s. economy the zee kledecline in averages e from the white house we should hold off on a trade war until the economy is in better shape i do not think the chinese -- the chinese have done inexcusable things as for the pain, it's left mainly on the plain. not on wall street got it i think you got it devin in texas devin. >> caller: hey, jim, thank you for taking my call and everything you do for us i have a quick shout out from oscar who is watching this my question is about a company i have held for sometime now, buy due. after their recent earnings beat and just recently heard they are de-listing from the nasdaq i was wondering if this is a stock to hold for the long term. >> i went over the quarter, the quarter was a great quarter. the problem is i'm only recommending, remember, alibaba -- buy due looks like american financial

i only deal with alibaba why? the tensions are so high i don't want to wake up and have the president say, look, we should short all the chinese stocks hey, really? don't put it past him. let's go to amit in new jersey amit >> caller: hi, jim, can you hear me >> yes, what's going on? >> caller: if you for what you do for us at home. the question is i have a portfolio value which i would macy's or ford macy's has loss of $1.02, a profit about the same time which one would -- >> take ford off the table macy's, very good report out from matthew vaus, retail analyst. i'm a guy who believes in owning tjx, right i want to own a store that gets all the stuff the other guys are

basically dumping and then marks them up. tjx very good quarter today, stock up big, owned by my charitable trust i need to speak to brandon in new york. brandon. >> caller: jim, booyah >> booyah, brandon what's going on? >> caller: hey, so my question is about lamar stock what your thoughts are for holding long term. do you think -- >> no, long term that advertising is going away. i want very much to recommend the stock of facebook for people who want advertising because they're also supporting small business and they have hundreds of thousands of them, believe me while they're helping them for free, it's going to be a major game changer in earnings once these companies get their sites rolling. i know the averages declined the action is still upbeat about the economy, the future economy. remember the pain on main is not on wall street on "mad money" tonight with millions of people watching stuck indoors amid the covid-19 paernd, video games are more popular than ever.

why is the stock like tarik two declining today? let's talk to the c.e.o. i have an exclusive with the c.e.o. of target find out how the retailer really faired in the first quarter. forget the way the stock is acting palo alto is in the close, they look darn good fresh off the report so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com.

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♪ what do you do when a company reports a great quarter, not in spite of the pandemic but in part because of it. remember the cramer fave take two interactive. grand theft auto last night take two reported a magnificent quarter. they had a dollar per share, wall street was looking for 89 cents. department of justi digital bookings were up. full-year guidance more cautious this is not the kind of company that's going to brag about gains especially if they were held by a tragic worldwide event the stock roared higher, but then take two understandably acknowledged they don't know how long the stay-at-home tail wind will last and the stock got

hammered, closing down nearly 6% today. i think take-two got hit because it came in high. the stock had an epic run in the quarter, more importantly, these numbers were phenomenal. i'd be a buyer in the weakness it is owned by my charitable trust which you can follow by joining action alert.com the c.e.o. of take two software, find out more about the quarter and the outlook. mr. zelnick, welcome back to "mad money." >> thanks, jim, for having me. >> it is hard to forecast. we're in one of the most bizarre times of our lives here's what i want to know how many people do you think didn't know about gaming or forgotten about gaming who have come back to like it with their families and might stick with it no matter what >> well, it's a great question it's obviously hard to measure, but we think in addition to our core audience, in addition to

our existing casual audience, there were a number of people who were familiar with interactive entertainment from their past, but were currently enjoying and did come and sample it and said, wow, things have really changed, this is incredible and came back and stayed we attracted new audiences as well according to activate, leading media consultancy, gaming activity is up something like 40% as a result of this pandemic about 40%. now, we've obviously -- we've obviously done even better than that as you've seen with our numbers. more interesting, activate's research says that post pandemic, and this, too, shall pass -- this tragic moment shall pass, of course -- they expect that gaming will continue to be up 14% across the board, across all demographics versus pre-pandemic usage that's very encouraging. >> so, let's dig down on that. would this be because the graphics, the chips, everything is much better

the story lines are much better than people realize? or is this just something people discovered -- or millennials in particular who have kids, or baby boomers looking for something to do with their kids have discovered a joy of something that really used to be very flat when i was doing it with my kids ee well, i think it's all of the above. you know, the stories are better the characters are better. the graphics are better. he the game play is better but most importantly there is this notion you can connect with friends around the world you have a head set on, you're playing a team, playing against each other, you can create new friends, new communities as opposed to linear entertainment where you are sitting back and absorbing, with active entertainment, you're not just involved, you're also socializing. at a time like this particularly, we all want to socialize. >> there was kind of a weird disconnect on the call you have the pipeline the strongest ever

>> 93 titles >> that's right. i was going to be more specific, but you're right to do nthat it makes the story more effective. you have never, ever, ever promised something was going to ship until you loved it. so you can't really nail things down yes, maybe the schedule's light. that is obviously not matter because of grand theft auto and because of other games that are doing so well. so what i'm trying to do is for the longer-term viewers who are watching this, with things like nfl, new product coming, maybe even as good as blitz, golf, you have nvidia reporting tonight, rate tracing should we just not think about the next since months and take-two has that been a good way to assess this thing? >> i'd probably put it a little bit differently. we're in a great position as a company. where if we have a late schedule -- to be clear, it's not our goal to have a late schedule we have fiscal '21 we have a great catalog, all these live games we still expect to generate 2.55

to 2.65 billion in net bookings and to generate $350 million or more in unrestricted operating cash flow. and that's in a very light year. and imagine what we can deliver as we bring this pipeline to market in the next few years we've already said we expect to see sequential growth in fiscal '22. so we're really excited and this company has shown that it can be profitable and it can survive and thrive even with the vagaries of a release schedule that is, as you said, driven by our pursuit of quality we just won't ship anything until we think it's as good as it can possibly be >> usually with 20 seconds left, i jamb in a question this is the old days the question what you're doing to help the community? i'm going to the center piece. you're giving. i thought how you give -- i want others to listen to, other c.e.o.s. you didn't just write a check. you gave a percentage, which is a wild thing to do because if you have something that hits for

$700 billion, you're giving a percentage i want people to know how you chose to do that rather than say, and we gave a million to covid charities. >> well, let mow talk about our team and let me give you a palpable description of our culture. this came up from the label -- remember, we share profits were our label, our colleagues. and the label, our label said to us, we want to donate 5% of our digital sales on selected hit products, our biggest products in april and may unlimited to charity. that's already $10 million that comes partially out of the pockets of our colleagues. they brought this to us, and then we said, yes, we think this is a great idea. we endorse this, we think the corporation should do this but i think the key point is this came from the hearts and minds and pockets of all of our colleagues over 5,000 colleagues all around the world that's i think a testament to the culture of this company. and we're thrilled to be able to support phenomenal organizations including covenant house for

taking care of people who are in need in this terrible crisis >> i don't think the depths of it -- i think are more availably seen in new york city than other parts of the country nba this season, will it be better nbc picked up kevin durant it's live e-sports can you actually do better without the season than with >> look, we can't wait for basketball, live basketball to come back. we have another season nba-k 2, 23 seasons competing we have a tournament on espn where 16 nba players played mba 2k we're having a if he naomi analyze year on nba 2k this is going to be the biggest title in the history of 2k sports, not just basketball. right now we're up something like 30% year over year across the board. we've sold in over 12 million

units our basketball title is nothing short of phenomenal. thanks to the folks at visual concepts that make the title >> excellent at some time you were not happy with it. that is not the case >> they address the issues the results speak for themselves it's unbelievable. >> that's what matters, the results. i also think that giving a percentage is the way to give. c.e.o. of take-two interactive >> thank you, jim. >> "mad money" is back after the break.

♪ what the heck happened to the stock of target yesterday? a great quarter, it rolled over, finishing the session down 3%. you might look at the action and assume something was wrong underneath couldn't be further from the truth. target posted phenomenal sales same store sales up 10.8%. digital sales up 141%. i think telling you this company

is one of the few retailers that's actually a winner from the pandemic they had the scale, the web presence to thrive even in an environment where people are a first lady to go shopping. and they offer value so why did the stock get hit in part because management didn't issue the guidance people wanted maybe for the current quarter. they stopped there were a few pockets of weakness, apparel. they had to spend a lot of money to extend the digital business, for safety, and reward loyal associates mainly i think target sold off yet because the stock ran up dramatically we simply am a bad set up. after this pull back i think we need to focus on the scale of the opportunity because that is huge let's check in with brian cornell, the bankable chairman & c.e.o. of target to get a sense of the quarter and where the company is headed. welcome back to "mad money." >> jim, good to hear you hope you're safe and well. >> we're doing great same for you >> same here >> all right, so, brian, i want to try to explain to people at home why a company could report great numbers and wall street not understand it, but the main street people who are watching

do basically you have millions of new people who have come to target who might stay, and that was the important this can about the quarter. >> jim, i have been at target for years now. i have never been more proud of our team and the way they performed during this pandemic period and yes, you're right, we have millions of new shoppers who are -- experience our store, our online capabilities. and i think we should be really proud of the progress we made during this quarter. not every day you talk about comps at 10.8% our stores were up 1%. our digital business grew 141%. behind that all the same-day fulfillment options, online, pick up in store, deliver something to your doorstep, those grew by almost 300% during the quarter. so i think we've got a lot to be proud of, a lot of momentum. we're building market share.

and i think most importantly, jim, we built trust with american consumers during the pandemic and the investments we made in our team, the investments we made in safety, those are going to pay dividends for years >> all right, so, brian, let's talk about the cadence i thought that was important somebody was focused on apparel. who is going out, who needs a mayor apparel? as people got used to the idea of going to target, you got more and more repeat buyers not just people who sampled. and these people probably have stuck with you since may >> well, jim, february was actually a pretty normal month our comps were up about 3.8% our digital business grew about 33%. by the time we got to april, our business grew by 16.5%, and our digital business up 282% and we saw strength in april across our entire portfolio. i mean, the big winner for us during the first quarter was our

hard-line business, with business over 20%, categories of electronics. as americans were sheltering in place and working and educating from home, grew by 45% food and beverage up 20. our household essential business, up over 20%. and we had a huge boom in kitchen, up 25% as people were honestly entertaining and eating meals at home. but come april, that apparel business also bounced back and as stimulus checks arrived and we continue to build trust with america, they were shopping in our stores, taking advantage of online, and we saw that apparel business bounce back so it's the strength of our multi-category portfolio the ability to shop in our store and online was the result of the pandemic >> maybe some misperceptions, maybe i'm wrong, some people feel there is only room for walmart and amazon as a target

shopper i don't really get that. some people feel that you'll never make a lot of money with this pick-up-at-store initiative, it's too labor intensive. can you dispel that the gross margins will always be bad for pick up, or there's no more room for walmart and amazon >> you know, jim, we talked about this for several years now, and we talked about the digital economics. when you move from shipping from a distribution center hundreds of miles away to actually shipping and fulfilling from a store, we ship from the back of our store where we pick and prep and pack it and have u.p.s. or fedex deliver to your home 40% of the cost goes away. but when you use drive-up or pick-up or shipped, about 90% of the cost of the digital fulfillment go away. those look much more like a store transaction. so we're confident that over time we're going to blur those lines between store transactions

and the same day, because, again, we made a decision years ago that many questioned we said our stores are going to be the hub of our fulfillment strategy everything revolves around our stores and when you're ordering online and picking up in a store, well, yes, we call it a digital sale, but you're coming physically to that store the store does all the work. when you pull into our parking lot, you know, that team member walks out, puts it in your trunk, contact-free, you drive off. the store is at the center of that even with our ship shoppers, they come to our target store, two hours later they're bringing it to your home. what makes us different and gives us so much confidence in our economic model is it all centers around the stores. our stores are so productive right now. we talked about stores growing by 1%. but when i think about what was purchased at a store, as you were checking out, what was purchased when you order online

and picked up in a store or pulled into our parking lot or had a ship shopper fulfill it, those store fulfilled comps, they actually grew by 9% -- over 9% during the quarter. so our stores are more productive than ever and that's going to fuel our profitability over time. >> all right one last thing you spent a lot of money investing in people which is what we want to hear here because of covid-19. but i'm curious to know, the consumer themselves, want to wear masks, feel more comfortable with masks, don't mind social distancing where is the consumer in the era of covid-19 now? >> jim, i have to smepend a coul seconds talking about the $500 million we invested in the health, welfare and safety of our team that extended to the guest. and i know there are some questions about, you know, did we spend too much, and i would tell you i will never apologize for investing in the safety and health and welfare of our team from day one when we knew we

were going to be an essential retailer and be out there providing america with the medication, the food, disinfectants, the household products that they needed, we said we've got to take care of our team and we gave them premium pay in both our supply chain and our stores of $2 we gave anyone over 65, pregnant with a preexisting condition four weeks paid leave. and we gave back-up care to our entire team. and we also invested in safety, making sure we had people who were regularly cleaning and disinfecting surfaces. we put the plexiglass shields up we're metering guests. our team gets masks every day. we tried to create the safest environment in retail. that is a big part of what's going to be so important going forward. because i think american consumers and our guests, safety

is going to be important and i think we saw the kind of results we delivered in this first quarter because we invested in our team we created a safe environment. and our team and our guests trust shopping at target >> well, brian, i as a faithful target shopper couldn't agree more i want to thank you for taking the time-o out to come on "mad money. >> good to hear your voice >> that's chairman & c.e.o. of target remember they said they were going to do well at 112 last time it went down to 106. people were upset. the next stop was in the 120s. i think the same trajectory could happen again "mad money" is back after the break.

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this was not a great day for the stay-at-home stocks, but maybe that's about to change see, after the close we got results from palo alto networks, the cyber security king pen. palo alto knocked it out of the park i've been recommending the stock as a covid winner because with millions of people working from home you need to spend a fortune on cyber security. remote creates vulnerabilities they're cleaning up. 23% earnings beat, much higher than expected revenues 20% year over year, billings up 24% even better management gave extremely bullish guidance for the next quarter raised the full-year forecast. no wonder the red hot stock is soaring after hours trading. who gives guidance let alone great guidance the chairman & c.e.o. of palo alto networks to get a better read on the quarter and his company's prospects in the strange new world. welcome back to "mad money." >> thank you for having me again, jim >> first of all, congratulations. your strategy, which i regard as

being one you put together two years to enable customers to consolidate the cyber security deployments was perfect for this environment. it just was the one you had to choose how did you know that this could work >> well, jim, you know, i don't think we knew it was going to happen, but what became obvious when i started in this industry was customers had too much fragmentation, things needed to come together. we started focusing on integration early. what became obvious that people are going to go to the cloud, we started putting a cloud security strategy together. we got 1500 customers this quarter so far what covid did was accelerate the trend into cloud transformation >> you helped me understand this i am quite enamored with the cloud plays. they're terrific if you're at the office not so much at home, working on

your own device and you shouldn't. palo alto had the right bases covered. that's part of the reason i think you could raise guidance >> well, jim, look, i know you're a fan of some of our peers in the industry, which are pure plays i think pure plays have a run. they come up with an amazing product and they run with it but the challenge if you look at it from the customer's perspective, they need things to work together way better over time because our hacker friends are not sitting there long waiting for us to do all the manual things we do. they're on the money with all kinds of quantum computing they're going to twos to hack against us so we have to match them with consolidated integrated products that's the strategy we've been following. in this environment, as people start working from home more and more, the attacks surface just exploded you have to protect me in the house as well as the office. no longer i can go to one headquarters and be protected. the perimeter is gone, traditional perimeter. you have to protect people everywhere for that you need a myriad of

products that work together. we're lucky to be in this place. >> i underestimated cortex you need one stop. people don't want multiple vendors, but they did want prevent and you're giving them prevent. >> we've been very, very fortunate. our product teemtz, we have great ideas and putting them into industry leading categories we're now the industry leader on earned point protection. we are the leader in cloud security we've always been the leader in fire walls our team has done a great job. we have a competitive product in the market we feel like our product strategy is working. couple that, last quarter you and i talked, there were some concerns around execution. our sales team really, really kicked this ball out of the park they said we're not taking this lying down we're going to rise to the challenge. our supply chain teams rose to the challenge. i couldn't be prouder of the people that follow networks in

the way they helped navigate this crisis and strengthened our opportunity going forward. >> the execution here was flawless you also had something i wish a lot of c.e.o.s would do. you had a stockholder letter which talked about lower term trends, not just about palo alto, but longer term trends it finishes with something quite eloquent, but i need explanation. you say to indirectly quote one of my friends and legendary business leader, the path to stability will be like the waves caused by a tuning fork. how do i interpret that? >> well, you know, everybody has been talking about a v-shape recovery, u-shape recovery, w-shape recovery i think when you look at a tuning fork, the first wave is the strongest, and then over time it dampens. so we are going to see ebbs and flows as the economy recovers, as things get out of this. i think the worst is behind us i think that fear of everything going to a very dark place is going to take us years and a long time to get out of it is out of the system. i think that's the first step

towards recovery and i think we're going to see in a company that's energized, coming out with ways to deal with the new normal, we announced a new policy today called flex work we're letting employees pick where they work from it's going from employer choice to employee choice they will choose how they're comfortable, whether in the social environment, professional environment, and that's the new normal so i think the way we all adapt to the new normal is going to come forth innocent next six to nine months. i believe in the resilience of our country. i believe in the resilience of the zbloebglobal economy there are bumps along the way but we'll come out in a reasonable time frame. >> that's the first time i've heard it like this there are a lot of people that have been telling me, jim, they're all itching to go back and then other people are saying, no, they all want so stay home. it's choice. but because it's choice, that means that companies will have to adapt to that choice, meaning that they'll have to bring in a palo alto. they can't just say, you know

what, we're on the cloud guys, can't wait for you to get back if it's choice, it's palo alto >> well, jim, you know, i came into the office today to experience how it is it looks different it would be funny. when we're working in the office, our sanctuary, we want to get out of the office and go home i've been home two months. i want to go to the office i think employ eyes will go through the same balance wanting to be at work, wanting to be home we all discovered in the pandemic we can be productive from both places only very few people need to be at the office. face-to-face meetings are interesting, not required, not necessary everywhere in every business i think this is the new normal we have an opportunity to a daptd to a flexible environment. we talk about gyms in the office, free food in the office. those things are passed. people want a different set of perks. give an allowance to everybody to go out and make their working from home more comfortable people will be working at home

for a long time. that's the environment as the world changes in the way we run companies. we'll have to protect people where ever they are. you need to have a comprehensive strategy for security and we're delighted, excited that our teams have built that strategy i couldn't be happier about it >> one last question there are systems for video. some of them are ironclad and secure, very expensive and b to b. there are others you want to use, sometimes secure, sometimes not, but you want to use them. can palo alto protect me with video? >> yes, jim. look, the video, there's been a lot of controversy and discussion i'm not sure how much of it is warranted. most video systems have security capabilities i think there were some missteps made they were rectified. we use all of the video systems. you have to secure them so people can't get into the conference call. if you leave the door open to your house you can't blame people for walking in. put passwords on your calls.

make sure you're not giving data to anybody else, but they won't stop until you're safe >> i want to congratulate you again. you may a series of acquisitions that came together at one time this is obviously the beginning, i think, of a very, very exciting flight path for palo alto and for palo alto shareholders, of which you are a big one because you bought in the open market substantially lower making it clear that you thought it was a buy thank you so much, sir >> thank you very much for having me, jim >> absolutely. that's the chairman & c.e.o. of palo alto networks, panw a very exciting situation. "mad money" is back after the break. - did you know that americans that bought gold in 2005 quadrupled their money by 2012? and even now, many experts predict the next gold rush is just beginning.

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♪ 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 time for the lightning round alex in new jersey, alex >> caller: jimmy chill good book coming out, man. >> i have one on esg but it's on hold because of mr. pandemic what's happening >> caller: i can't wait. i want your opinion on texas tron txt >> it's been cheap, it was cheap when i recommended it in 1984 at goldman sachs. that's all i have to say how about joanne in california, joanne >> caller: hi, jim, dr. chill, it's a pleasure to speak with you. first time caller. shout out to my youngest son and his beautiful family in chatham, new jersey >> rival go ahead

>> caller: i'm a member of a stock club tgif, 12 girls, and we're always looking for small or mid cap stocks to balance the big ones anyway, my thought was with so many of us home snacking, what do you think about medifast? >> i've been thinking about after the pandemic, people said if we don't stay trim, keep our weight down, whatever, the next pandemic is going to get us. i like your idea i would not have liked it pre-pandemic, though i like the women's stock group and always look forward to your recommendations going forward. let's have tom in alabama. tom! >> caller: hello, jim. this is tom. >> all right >> caller: i'm an action alert plus member and i have several of your books. thank you so much. >> thank you >> caller: i've got a high-quality problem with a spec i bought last year it proceeded to double and i got my money out of it it dropped back down now it's up 50% gain

my stock is alpha romeo whiskey romeo. >> gene silencing, when you hear what moderna is doing, there are many ways to skin the unfortunate cat. i like your stock, but it is speculative as you mention remember, we don't want to ever leave gains on the table we catch a double, we sell half and play with the house's money. >> hallelujah. >> now we're going to anthony in north carolina anthony, dispersion of geography. anthony. >> caller: booyah, jim >> booyah, anthony >> caller: hey, my stock is ford motor company. are we going to see similar appreciation like we did >> no, the answer is no. [ buzzer ] >> it was a different ford then. it was able to not take government money because it was stronger than the other guys this ford i just feel like -- i don't know i mean, it just kind of flat lines. and i'm not in favor of the

flat-lining stocks i like growth. i prefer, get this, this will crush people remember i said tesla, you can add ford and gm together, when it doubles, those two -- that's where tesla might be too expensive. no, tesla goes higher. now we're going to abdull in massachusetts. abdull >> caller: hay, what's up, jim this is abdull sony >> i like sony, cheap, good, good growth. no one ever asks me about it i've liked it for a long time. i remember in the 30s, it was a good stock and that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade ♪ ♪ ♪

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♪ will people leave quarantine en masse or are we stuck in the economy a lot longer than that it is coloring everything we do now. take-two interactive reported spectacular numbers last night the problem? some of that strength does indeed come down because people are stuck at home and starved for entertainment. take-two rallied, but had a huge, sudden horrible u-turn in after hours training, gave back some gains, and it might not be sustainable. suddenly nobody cared about the quarter and the stock closed down today

they figure it's a short-term blip off and take the money and run before things go back to normal >> sell, sell, sell. >> the way wall street sees it, people stay home and take-two makes a killing or people leave their homes again and this new found business dries up entirely i say false dichotomy. [ buzzer ] obviously the past two months have been nirvana for the gaming industry and it can't last the shelter-in-place economy is temporary. but at the same time, i'm betting this pure love of impact on consumer behavior you have millions of people playing video games now who might never have tried them without the pandemic once they're hooked they'll stay hooked even as the economy reopens. it's natural the numbers won't be as strong as they were this past quarter, but much stronger than they would have been without the extended lockdown. it's an unfortunate -- i call it unfortunate because nobody wants to benefit off of a pandemic but the stock used to be worth more than what it was selling for before covid-19. no wonder take-two is much

higher than it was than its january highs and why i think it can keep going higher. after today's pullback it'sa buy. all these gamers aren't going to ungame themselves. it's very exciting same goes for shopping people have been talking about the death of the mall. the numbers never bore that out. while some retailers struggle, the owners along with smalls and strips were doing well some were able to consistently raise rents while the mall supposedly wasting away. oh, boy, but that is now over with the virus i do not want to touch these stocks >> the house of pain >> most of their tenants haven't been able to operate since mid-march. how the heck are they supposed to pay the rent? they can't they're deferring. or maybe they don't even open again. that's why i think many retail oriented retail trusts are in big trouble. almost all of them have too much debt if this thing doesn't go right, doesn't go back into true form, which i don't think it will, plus even with the economy

reopening, there's no guarantee the tenants will see much traffic. consumers are afraid to get sick and they can get nearly everything they need online. plus they're not doing as well as they were financially target does contactless pick up. target, walmart same day delivery walmart does fantastic stuff inside your house and next day delivery i think they're superior offerings and people will remember that even as the lockdown ends. how about office space that's harder. companies have discovered letting their people work from home has a lot of unanticipated benefits in terms of productivity i know the office reits tell us not to worry their tenants are itching to come back. but honestly, we're in a recession and companies are desperate to save money. they won't accept the same rents when they know their employees can work from home and this can argue they'll need more office space because of social distancing. i find that one painful. the genie is out of the bottle the pandemic has driven a stake through the heart of brick and

mortar some companies are online. etsy, now facebook who needs to rent space if you can run your small business out of your home or on the web or facebook page or instagram the c.e.o. of shopify put it best retail behavior ten years, we're seeing what companies might have morphed into over the next decade without a digital strategy you're toast so just remember, even as we reopen for business, the new normal is not the old normal stick with cramer. there are times when our need to connect really matters.

to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together. that's why, when every connection counts... you can count on us.

♪ next on "markets in turmoil," speed parks want to reochefu meet the man who has a say plus kansas city helps restaurants stay afloat by going outdoors and expert advice on how to keep it from becoming last call for the nation's bar that's next. target, it's come down,.it's punished i like it right here you know what, i think palo alto, it sounds like i think it could literally go to, yes, $300 i'm not kidding. and take-two, oh, just buy it and hold it. stop trading it. it doesn't make any sense. not with zelnick at the helm working for you as a shareholder. i liked all three tonight. and i 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 and i will see you torment and i will see you tomorrow.

fronts from washington to wall street to your street, markets in turmoil next. watch and listen live on the cnbc app good evening i'm scott walkler on day 144 of the coronavirus crisis tonight an iconic theme park takes a big leap towards reopening >> florida's famous amusement parks are on a path forward. >> right now universal presenting its plan to the economic task force. >> tonight we'll hear from a key link in the chain on whether they'll be allowed to reopen plus -- >> my guess is when we start we will limit the number of people who can go onto a ship >> a major cruise line ceo on what he'do