>> buying starbucks. >> dan nathan? >> sell xle. >> karen finerman? >> gap. >> guy adami, to you >> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you some money my job is not just to entertain but teach call me at 800-743-cnbc or tweet me at jim cramer what's the difference between a speculative stock and a blue chip stock in the age of covid the whole market is up ended by

the pandemic and lines they are shifting rock solid companies are on dangerous footing and outfits are tightened emerging industries sometimes it's hard to tell the difference and that's what happened today with the dow declining 78 and the nasdaqed wt a record close of .95% let me explain the prism if you want to understand this market, the single most important fact is more covid cases are exploded back above 40,000 yesterday. between 44,000 and 48,000 depending on your source and it really didn't matter to the averages so why the heck didn't the stock market go into a tail spin our country has hands down the worst response to this pandemic than any nation on earth with a few notable exceptions like rhode island, every level of government dropped the ball and not just the government. we keep dropping the ball with

kr citize citizens, too. we don't believe some don't believe that this matters. hey, listen, we don't have a lot of weapons against the virus let's use what we can do the pandemic is out of control after sacrificing so much to bend the curve that's going exponential again and experts are paralyzed because they don't want to go back on a lockdown and make it illegal to go outside without a mask what do you have to do this is a terrible situation for the country and economy as a whole. it doesn't mean it's bad for the stock market this is "mad money." think of the stock market like a casino when covid cases spike, people don't cash in chips and go home. no they go where the action is and hot tables are, hot slots, hot wheels, they follow that first fedex surged 12% today so good place to start a hot table. fedex delivered a blowout quarter because of covid somebody has to deliver these

packages ground service is up 25% year over year thanks to e commerce u.s. residential volumes increased by 72% the ripples are huge here. just on this one call you can buy amazon up 119 points and shopfy up 67 and etsy and e commerce facilitators, adobe, sale s force, most stocks up bu laggers only rallied 1 to 2% wow. is this speculation? no with those numbers from fedex, everything related to e commerce and stay at home economy can roar crowd strike, ring central, you name it. net flex tacked on 30 points today and fire, too. why not. second hotter area we got great news from pfizer conducting trials for the covid vaccine and everyone has immunity just 24 people fooi

pfizer is a no hype company. if we get a vaccine sooner than expected that's huge for the economy although it's for the vaccine plays. fedex and pfizer blue chips that spurred high-flying stocks to become more expensive with good reason what else? tesla. a company i love rallied 40 points today this is a $270 billion business larger than toyota largest company on earth toyota takes 10 million. the action of tesla makes perfect sense if it's a technology company rather than out t auto maker how about facebook a bunch of consumer package good pulled ads mark zuckerberg is going to meet directly with the organizations to meet directly with them bingo, stocks rallied more than 4% all these companies have compelling stories if the stock market is a casino, the high quality winners are

like the blackjack tables, the games of skill, not purr chance. you do the work and study fundamentals and stay disciplined and you can make money over the long term however there are also the super speculative names that feel more like the roulette table or maybe they actually feel more like the sketch off lottery tickets that are preordain winners and lots of winners let me give you examples let's call it the pick six because these are all classic lotto stocks there are tons of single digit names i can't mention on air why? too tiny even the larger ones i find worrisome. first, there is workhorse. workhorse is a bit of a show horse if you ask me. this is a technology company that's focused on providing drone integrated electric vehicles for the delivery of cloud based monitoring if that sounds i'm pt, think electric trucks.

does workhorse make money? kidding. it's losing a fortune. buy. who cares? stock is up 5% for the year and a tiny float and traded 123 million shares today that's insane. month or two ago one or two million shares might change. today it was 124 million and yesterday 164 million and 129 million. when i see workhorse up another 10% today much gain after the bell, makes me nervous but it could double that goes. double cut in half. hey, scratch off, remember, second, there is nio chinese tesla. their track record is less impressive impressive they are up 100% for the year and has revenues, goldman sachs like it. how about tortoise acquisition corp this stock lost 8% today after an insane move over the past few

days it's a special purpose acquisition vehicle in the process of acquiring helon they make power train solutions. it was worth a lot more. it was $10 before the news 34 before pulling back to 25 today. regular viewers know i'll worry about the deals but you know what give you big pop right out of the gate and come back to earth. twitter reminds me of number four nikola, that's another spespak play nikola has lots of truck orders but hasn't sold a truck. stock pulled back 4% we have a couple vaccines. vbi vaccines is this got hit today because pfizer is leading in the race for covid vaccine. vbi has a bit of revenue i don't like the early stage covid vaccine plays. there is only room for a one winner the whole group is high risrisk.

pfizer is maybe my favorite. vox art another vaccine developer that makes oral flu vaccines they were picked up to be in trump's warp speed covid-19 project and now the stock is up, i don't know, 2100% this year. the darn thing just tripled since the end of may you don't want to be the next n inovio you don't want to be a n no vaccer. everyone is hunting for the next tesla or at least before today some of them are king ford others seem like mistakes. the bottom line, there is the same market where high quality stocks were because they benefit from the stay at home economy. think about the fedex action and the crazy part of the market driven by speculation that's very different and ultimately some would say likely ill fated story but man, they are having a good time over there peter in massachusetts, peter?

>> caller: boo-yah, jim. thanks for having me love the show. i'm a huge fan. >> thank you, peter. trying to do explosive stuff tonight. what's going on? >> caller: i don't hear you talk about reeves a lot it hit an all-time high. data centers with video conferencing, e commerce, so much data and all got to go somewhere. what's your take on equinix? >> buy let's go to chase in texas, chase. >> caller: what up, j-chill? >> i could take a few people down the other day i had to chief them a little what's going on? >> caller: hey, wanted to just give a big reminder to the listeners, please, please, please wear your masks. >> thank you >> caller: chill i know you like online retail. i like online retail we all like it as of late. i have owned this stock for a few months now and have got to

see it double. it's an e commerce platform and has huge upside potential because they are thinking differently about the way online shopping should be done. >> all right >> caller: what is my play for this chinese surging stock -- >> it's red hot. pin du do, dou and i thank you r the kind comments and yes, wear a mask lisa in missouri lisa >> caller: cramer, thank you very much for taking my question. >> of course. >> caller: i have a question for you. i liked your opinion on prolodges. i'd like to start a position in the traditional ira for the purpose of income. i'd like a position like a preferred stock because of walmart and amazon, a large

pro lodge. >> pro lodge is terrific it was the first stock that came out of the great recession just like -- i was going to say a bat out of hell but that has to do with the covid thing it's a good stock. look, there is the same part of the market going up good and an absolutely crazy part of the market driven by speculation and if you want to be on that side, knock yourself out try to move to the other side. it's better. choose your side carefully. the big beat the street is up in sales and profits. hey, with the stock dropping after support, is it in danger of losing its lucky charm? i'll speak to the ceo of general mills and with a rapid acceleration of e commerce growth is home where the spend is i'm sitting down with ceo will -- williams-sonoma, wow and bars and restaurants open and close and open and close we have to talk to constellation brands i'm talking with the ceo so stay

with cramer. >> announcer: don't miss a second of "mad money." follow at jim cramer on twitter #madtweets or sent jim an email at cnbc.com or give us a call at 1800-7 1800-743-cnbc. missomethi miss something? head to madmoney.cnbc.com. ♪

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as the pandemic makes a horrifying come back across the sun belt, we need to circle back to the stocks that worked during the first big outbreak in march and april. with states gradually going back into lockdown, the package food plays are back just today we got results from general mills, an iconic household name and member of the cramer covid-19 index. the company posted a great quarter with a top and bottom line beat but because management was worried about the fau toutu, what wouldn't be the stock got dinged a hair. was that a mistake let's dig deeper with jeff

harmony, the chairman and ceo of general mills telling more about the quarter and the prospects. welcome to "mad money. >> thanks for having me. really enjoy being here. >> jeff, i followed your company for, i don't know, 30 years. i want to do a doov over here gains or hold share in nine out of ten of their products who accelerates organic sales, who, i think, has come through and be able to produce everything without any supply chain problems is a hero and the stock is inexpensive so i'm giving it to you to say tell me that i'm wrong. >> i'm not going to tell you that you're wrong. we had a good year going into the fourth quarter into the pandemic on our north america retail business and blue buffalo our pet food business growing at double digits and obviously, during the last three months our business really accelerated through strong execution as you say, nine out of ten categories of shared growth in

the u.s., all growing share in europe, six out of seven categories in brazil it was a good quarter built on the back of three good quarters before that. >> jeff, also, i know that you had balance sheet concerns at one point that you had to address. your operating crash flow that i don't think anyone focused on the call was magnificent and your leverage is better than a couple years ago. >> that's the thing i think i'm most proud of i'm not sure if people fully appreciate. we try to get to a net rate of ebita and brings us that much closer to get back to our normal capital allocation and our first priority there when we get to three times net debt to ebita is growing the net again. it's a big deal. our earnings were good but the cash know was better and we're proud of that. >> i always regard you as the ultimate dividend growth stock and i think it's going to come

back and you're in position to do that. let's talk about something else i thought was magnificent. blue, an acquisition that initially people say maybe over pay. you have 13.3% household penetration. you've got all channels going. we buy cannon through chewy but this turned into an acquisition that's taking share from a lot of other companies. >> it's been a great acquisition for general mills and it's been a great acquisition for our shareholders and all the pet parents and blue buffalo is everything we thought it would be we've grown it double digit twos years in a row including organ i can sales growth this year we're growing share in the business and got great innovation lined up for next year and so people treat their pets like family, and we've been feeding food to families for 150 years and we're feeding them to furry members of the family. blue buffalo is everything we thought it would be two years ago when we bought the business. >> when people are at home, they have breakfast at home, serial,

cheerios or something like it. they cook, betty crocker and pi pills bury growing nicely. >> the third consecutive year of sales growth and breakfast serial it grew 26% so we had a good run on cereal. people rediscovered that the kitchen is the heart of the home and that's good news for betty crocker and pills bury we have two of the top five food websites in the u.s. and traffic is up 100% as people try to figure it out. it's been a really good run for a baking and meals business. >> so talk to me about just in general for instance, talk about international because it looks like the international, another thing people were getting upset about. now it pretty good. >> it is good especially our business in europe turned around in the fourth quarter. we're the third fastest growing cpg company in food in europe during the quarter we grew on our yogurt business we grew share on old el paso and

brazil we grew double gedigits it's food service business here and the u.s. and in china but even there in the u.s. we took share and so while we were down 28% in the food service business, the sector as a whole was down far more than that so we competed effectively there. >> all these are good. we got to go over something else at the top of your call, you did something no one else has done you mentioned the name george floyd. you mentioned george floyd's name twice you mentioned black lives matter not just that we have to help minorities now you were from minneapolis. we all read these stories. these are stories of tragedy and stories of import. what is general mills' role in minneapolis and around the country and the world to try to make things better >> well, general mills does have

a role and we obviously can't do it by ourselves and we can't address racism by ourselves noo neither can business in general. it has to be working with politicians or a community all together general mills has been doing that for decades we sponsored the mlk breakfast for the last 30 years. if you look at the education gap or police reform or health care gaps, it's clear we have more to do and as a company, the strongest thing we have going for it is culture of inclusion that the why we've done so well because we get the best ideas from everybody and if you look we really value in minneapolis and now is the time to step up and be part of the solution along with others. >> of youbviously, people need d

and general mills answers the call. >> we did. we donated $10 million worth of past and product donations in the last quarter this year you know, when you come to a pandemic, you really need to take care of all your stake holders. we kept them safe and racism and holders. one of the most charitable compani companies. great to see you again. >> thank you great leadership. >> you sure have listen, he's chairman and ceo of general mills. it's rare you get a chance to

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the new covid outbreaks in the south and southwest accept most of us would be stuck at home for the rest of the year and when you're stuck in inside you have a powerful incentive to do home improvement which brings me to williams-sonoma and pottery barn this company has a powerful e commerce business and terrific products that have become essential. that's the reason willi williams-sonoma tripled. they may be the best retailer in america so can the stock keep working its way higher let's check in with the president and ceo of williams-sonoma. for a better chance how the company is doing, welcome back to "mad money". >> thank you, so happy to be here, jim. >> tell me how you did something that's impossible to do. you had positive comparable

store sales even though all of your 616 stores were closed for more than half the quarter. >> yeah, we answered q 1 with strength across our brands following a strong 2019 and when the pandemic hit, we maximized our abilities and leaned into online and virtual design services and we found new ways to engage and serve our customers during the pandemic and really the acceleration i think in our e commerce business that followed the store closures demonstrates the power of our digital first model and the relevance of our high quality sustainable products and brands but the thing that i'm most proud of of all about our results is that we took care of all of our stake holders and when i saw that, what i mean is we paid our scheduled associates who were scheduled over 12 hours during the whole time through the store closure period and this was a decision we made

because they are so valuable to us and they were able to find new ways as i said earlier to stay engaged and what we're seeing now is incredible gratitude from that group as our stores reopen in excitement and engagement we supported relief efforts in communities from food to masks to furniture that we gave away and lastly, you're able to continue and maintain our dividends to the shareholders. >> i hope people at home understand that this, that laura is one of the few who kept employees. the stores are closed. the employees regard it as dead weight loss. you regarded them as you invested in them you were doing some investing yourself i'm seeing extraordinary numbers, pottery barn children i'm ready to talk west elm but this pottery barn children up 8.5% how is that possible is that reinvented >> the kids' team is focused on

new customer growth. last year they launched the west elm pottery barns kid collaboration and a modern baby line and we've seen really strong growth in the baby business which is entry points, the children's businesses and then also believe it or not, wii seen strong growth in our dorm business even though there is uncertainty about whether people will go back to school our dorm business has been quite strong so we're driving new customer growth. we also in kids are very forward in the sustainability efforts and converted a lot of products to green guard and we could see that the customer really cares about that in fact, we just know that 70% of customers that are saying that sustainability is one of the very important things that make their product choices happen. >> yeah, you've got in the deck you've got a terrific team 50% market highly fragmented, 80% e commerce adoption and everyone else is under penetrated and

increased focus on sustainability 70% of consumers value that. so many trends you're in the heart of i don't know, we could do urban to suburban, we could do out of china. you're doing that. the most exciting part, we can do a home office the most exciting one i've seen of late, bread maker, ice cream machine. people are making bread again. people are making desserts again. this is williams-sonoma's sweet spot. >> the millennials are learning how to k ccook they were famous people to go out for avocado toast and now they are doing it at home. once you start doing something you start to spend more and more money on this is just the beginning i know people will go back out to restaurants when they open, but they are also going to know a lot more about their food and enjoy cooking it at home we don't see this as a short-term trend but a long-lasting tail wind for our business

as you said, jim, there's a lot of secular trends that are highly supportive of our business now from the interest in the home to the interest in cooking to the e commerce acceleration you know, the fragmented market and focus on sustainability. >> let's talk about retail brick and mortar for a second you're closing stores. you're rationalizing fleet you have a lot of leases up and leverage getting reductions in rent when i hear these things i say wait a second, how much do you really need in a stand alone mall given the fact that you're incredibly lucrative when it comes to virtual reality, when it comes to ordering things right to your house? >> stores really are competitive advantage. we don't need as many. we never got over stored but we don't need as many as we have now and we have a very disciplined process of looking at our store fleet so it's a combination of, you know, was the landlord great to us during the pandemic are they great partners? is the mall a great location

where is the other store next to it our people and our stores are the secret weapon and we seen this through the pandemic, whether they are in the store or working from home, they are the ones that help you furnish your house and we get a lot of big projects now so people do like to come sit on things, look at the fabric we learned how to do more and more of that online. that 3 d business we bought a couple years back has really paid off now because that hips people imagine what things look like when they are in their homes but there is nothing like sitting on a sofa. the experience of our stores is memorab memorable. you walk by williams sonoma and you recognize it e commerce will be the growth driver. >> you're a pioneer in trying to be able to shift out of china. you have tariffs that are hurting your bottom line but you've been inventive. where are you going to get that new merchandise made and how quickly can you continue that

pace out of china? >> yeah, so about ten years ago, we started -- we walked away from an agent structure and started sourcing ourselves and behave a lot of people all over the world working for us and we're close to vendors that's a huge advantage. we do design most of our products ourselves as well so we're -- they're our designs china is an important part of our sourcing strategy. we have great chinese partners however we had too much in china. the tariffs were big numbers the first half of this year actually was the hardest in terms of comping those tariffs and the back half are the same as last year versus having them and not having them last year but regardless, we've moved over half of the business out of china. we've moved a lot of our up h e upholsuphols trt upholstry and vietnam and india. >> i want to congratulate you

again. nobody could have positive comps if you didn't and really what you did with your employees is special. that matters to me. >> that's what we're looking at. thank you, jim. >> that's what you'll be remembered for, laura, not just the great comps. that's the president and ceo of william so know ma what a stock and management. stay with cramer hey! lily from at&t here. with some helpful tips. tip #1: you can currently get the amazing iphone 11 for half-off on at&t, america's fastest network for iphones. second tip: you can put googly eyes on your stuff to keep yourself company. uh for example, that's heraldo. he's my best friend. oh, sorry nancy, i forgot you were there. get the amazing iphone 11 for half-off on at&t, america's fastest network for iphones.

every now and then this business is straightforward. the burro you probably know coeo

they are in the retail business, more than made up for the food service business i've got to tell you, people buy beer at home since the stock is a juggernaut including a gain today, poured another phenomenal quarter $2.30 per share looking for $2.01. not many going around these days because the stock is moving around let's check in with bill, the bankable president and ceo of constellation brands. >> good to be here. >> if you could actually get all the beer that you needed out of mexico >> well, certainly we got a bunch of head winds but that didn't stop us from having the quarter. under indexed on the premise off 75% in the quarter but when you grow almost 20% in the off premise arena, you have a pretty

good quarter, which we did. >> i'm glad you went there because you know that they are closing the bars again around the country. there is just too much crowd and not enough social distancing and people are going to say that must hurt consolation but in reality, that is not a way to look at it. >> it's not. what you said earlier is true. a lot of people move their consumption from the on premise to the off premise in these types of environments. so that works to some degree to our advantage because we're over rated, over weighted in the off premise arena. it actually works pretty well for us as you saw in the first quarter, we performed extremely well in that particular channel. >> so i go home and see billboards for corona hard selzier. >> we shipped 3.5 million cases,

roughly on our way to 10 million cases this year. 90% of it to -- increate mental to this business we have a 65 share and it's growing every day. we're just scratching the surface and we think the ceiling is pretty high. >> can you meet the demand i mean, there are very few people that come on the show and have trouble meeting demand. can you make that much >> we can. we're going to make roughly 10 million cases this year, which is about the amount that we can for this fiscal year and we think that's roughly going to be about what the demand is so we think those will be pretty well balanced. >> in the meantime, pretty interesting this empathy deal that you made. gary, who i've been on his show. he's from around the corner from me online, online is the way to go. can it be meaningful for the bottom line? >> well, we think it can one of the things that happened

during the pandemic is a radical increase with three-tier e commerce and gary did an excellent job with his brand of approaching the entire business that way so we hope we not only can leverage that particular business but also learn a lot and apply it to other brands within our portfolio that is going to be the way. when we talk to consumers, they tell us they continued to plan to buy erect a lot more often than they did before the pandemic. >> i know you were not happy with canape and you put your man in there as a tough guy. how quickly do you think you guys can turn that around? i know you still got the best capital but some of these other guys were pesky in that category and i felt that you could dominate it. can you still? >> yes, we think we can. we're still the best capitalized business david has already created a much

leaner structure that's really set up to win and most importantly and you and i have 't discussed before, the work that canape has done to put out outstanding tasting products with virtually no calories, it's really going to be a game changer and no one is better positioned than canape to win in beverage. >> i have to tell you i was thinking you have to tell people, help people with politics i don't do politics. if the democrats swept, the stock that you want is constellation because we'll be drinking that beer in all 50 states rather quickly. >> certainly, we think if there is a change of administration during the next election, that would certainly bed ed an advane >> there are two issues that are important. one is a decision to put a hold on facebook. i think they are trying. you made a decision to invest in the community. invest in the african american community. not write a check but invest

why are you going that way >> one of the things that we realized is that the african american community in particular is under served relative to capital. as an example, the african american population is roughly 13% of the total population but gets only about 1% of the venture capital. our view was this was a great way to provide some of that capital over the course of a number of years to encourage some of these smaller businesses that really have had a tough time having access to capital. our view is it could be a great win for them and a great win for our company. >> and the decision to suspend facebook, could you go back to facebook if they made amends >> so, what we chose to do was we've suspended our engagement with facebook for the month of july and we're going to have an overview of our entire approach to digital advertising and to make sure that all of our media

partners meet the comments that we have to racial equality and social justice and facebook will be one of those and if they do the kinds of things that we think are appropriate, we would certainly consider going back but we'll expect all of our media partners to meet the standards we have for ourselves. >> are there enough media partners without sports? i'm used to seeing your ads when i watch football games. >> well, one of the reasons that we advertise less during the first quarter is there just wasn't the live sports and other live activities that we're used to seeing. then we're being very judicious but we're ready. we expect to continue to ed adverti advertise. one thing we see in recessions is people invested in their brands continue to do so during recessions came out the other side in a much better space. obviously, with the n brba spor and baseball starting, we'll start to see some of these live events and live sporting vents

available to us again and we're looking forward to getting back in front of the consumer more often. >> terrific. congratulations on what could have been a tough quarter and wasn't instead, a great one that's bill, great to see you sir. >> thank you good to see you. >> bill is president and ceo of constellation brands think about all the things that can go now and the stock is still down a lot i want you to stick with cramer and stick with my friend scott wapner here is a peek of what he has on tonight. >> announcer: tonight at 7:00 p.m., will some health precautions be here to stay? one personal travel company weighs in plus how some business owners in east austin, texas are coping with the resurging of the virus. and which masks are the most effective? all tonight at 7:00 p.m. with all tonight at 7:00 p.m. with scott wapner

all tonight a♪ ♪00 p.m. with scott wapner now is the time to support the places you love. spend 10 dollars or more at a participating small business and get 5 dollars back, up to 10 times with american express. enroll now at shopsmall.com.

it is time, it is time for the lightening round buy, buy, buy, sell, sell, sell and then the lightning round is over are you ready ski daddy? time for the lightening round. zack in texas, zack? >> caller: hey, jim. how is it going? >> all right how about you, zack? >> caller: i'm a huge fan. your reach with re tail investors is amazing i have friends in my online community and on that note a big boo-yah to the skreet with a k. >> thanks for straightening that out with a k what's up? >> caller: my question is about

m.u. -- >> the stock shouldn't been down yesterday. jeff in california, jeff >> caller: yeah, hey, jim, it's jeff from downtown l.a thank you so much for your years of hard work and stock recommendations. >> thank you. >> caller: you're welcome. you raved about shopfy and data doc and zoom and they are killing it. >> they are. they are in the right direction. i got toed ed admit that what's up? >> caller: the stock i'm calling about is on a tear going up 341% in a year. it's up 162% in three months it's setting all kinds of records. the stock is called ever. >> there is a lot of these companies that get to the lowest price in insurance and people just love these companies. i'm not going to fight the tide. let's go to michael in georgia,

michael. >> caller: thanks for the call. >> would you buy now -- >> you got to wait this is a big hit for action alerts plus. the favorite 5 g play. it went up 12 points i can't count here let it come back a little. let's go to josh in new york, josh >> caller: big-time fan, long-time viewer my question, i recognize it's a speck -- >> it's a speck anti tumor you know how i feel about those. i'm blessing them for a little bit of money only, a little bit but i won't go against it. that is fine not great. let's go to jared in wisconsin, jared? >> caller: j.c., monster boo-yah. i know you put it on the belmont stakes, boo-yah ponies and jenny

lowry, i love her. my question is madurna operation warp speed -- >> i dump stock at operation war speed. i don't like it. the rna i'm betting on is the pfizer rna let's go to daniel in california, daniel >> caller: jimmy chill. >> yeah. >> caller: just want to thank you for all that you do for the ma lean yen ye millennial investor. >> it's great, thank you >> caller: shoutout to the physicians on the front line helping out. >> no kidding. what's up? >> caller: i was wondering your thoughts on black rock >> it's a buy. stock bounced big after pnc dumped shares foolishly and i think larry fink is good we are making one more call -- no, that's it. we're so done it's scary and that, ladies and gentlemen is the conclusion of the lightning round. >> announcer: the lightning

round is sponsored by td round is sponsored by td ameritrade ♪ ♪ ♪ ♪ ♪

want to know a major reason why this market keeps turning higher even though covid cases are spiking and unemployment is at ridiculously high levels but we hope it goes down when we see the number tomorrow. let's take a look with caroline. the brilliant technician who runs the website also happens to

be my colleague at real money.com. we need her and a charge to get a better sense of what is happening right now. we could have more upside here even though it's in the face of a tough backdrop we spoke to her six weeks ago she laid out bullish targets let's start with the nasdaq because this tech heavy index is able to close on a record high today. though, it's still down roughly 300 points from the price target so maybe there is room to run here when you look at the daily chart, remember she's a fib queen. the nasdaq 100 is an absolute champ. it's above the 200-day moving average, which is the one in pink, well above that and the 50-day moving average, another one that's so far away it great. one of her favorite buy dr triggers, the five-day versus the 13-day that's been the case since early april and following that trigger is giving you some huge gains and always see this line above

okay we want that blue on top what else? at this point the nasdaq 100 is giving you a perfect picture chart. it's got a bullish pattern of higher highs and higher lows and the price holds above the most recent low on june 15th. every time this pulls back, it's pointed out the decline is similar in price and duration to the last few sell offs since the bottom in march. these corrections last for one to four trading days and as long as that pattern holds, she could see the nasdaq 100 rallies at another 200 to 400 points. if you can clear that, wouldn't be surprised to see 11, 5, 6, 8 the next stop up 120 ocho poi0 s from here. she thinks we're in an up trend. yes, she likes the mask. the nasdaq 100 is a tech heavy index that can win the middle of a major virus outbreak like we have why not? there is a ton of over lap with

the cramer covid 19 index? what about the broad base that doesn't have a lot of over lap brodin is feeling less six weeks ago she said the s&p could travel to 3280 so we thought it could get to here as part of 1,000 plus point rebound off the march low and tantalizing to that level in early june the s&p climbed to 3,233 right below her target then the rally fizzled and the index got slammed by the resurging of the pandemic that was an important hurdle her next price target is 3,720 okay and that would represent a new all-time high if it got there. she can't feel confident until we break out above 3,280 all right? given we failed to breakthrough that resistance she's worried about downside risk here when you zoom in on the s&p 500's daily chart, the picture is quite frankly less encouraging. the index is still above the key

50-day and 200-day moving averages as expressed by green and chartreuse the five-day and 13-day so good on the nas, uh-uh, this is not working. in fact, it's embarrassed territory with the 13-day above the five-day suggesting the momentum is headed in the wrong direction. this is people that get a warning we could see lower prices this moving average combo is in buy mode from april 6th to a few days ago just like with the nasdaq if you took your q from this trigger, you'd have a fabulous rally but now the trigger says maybe it's time to sale that doesn't mean abandon all hope she's not saying the s&p 500 is domed. the 513 trigger will turn bullish again. if the s&p can do that and take out the highs up 40 points from here, brodin thinks we can resume the recent rally. the s&p could tack on another 200 or 300 points. she believe the we're headed for 3720

still the goal it's 19% gain. sure want to stay along for that short term the s&p could be approaching a make or break moment if it can't breakthrough last week's highs at 3,150, black line brodin things you need to prepare for pain because the near future could get ugly put it together and the chart is interpreted by things are looking brighter for the tech h heavy nasdaq and more broad based s&p 500 but she's worried about the s&p. it could be faltering. this outbreak is great news just like it was today, the huge record-breaking because it's got so many cramer covid-19 plays but it's bad news for the s&p 500, just barely up at all and very bad news for the country. stay with cramer always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. make ice. making ice.

but you're not mad because you have e*trade which isn't complicated. their tools make trading quicker and simpler so you can take on the markets with confidence. don't get mad get e*trade and start trading commission free today. dwe'all around the world.ally tough time right now, and covid-19 is still impacting so many people. if you've survived it, then you're the heroes we need. the plasma that's in your blood can literally save lives. but we have to act fast.

so please donate. you fought for your life. now, let's work together to take down covid-19 to donate plasma go to thefightisinus.org let's review these general mills has the balance sheet to go to the old agagener mills way, taking shares and a better dividend. williams-sonoma, best story there is and constellation brands, let's say you believe there will be a democratic sweep. you found a stock that will probably go up 100 points. why? they have the best tasting cannabis beer and nobody else seems to have that could be a shortage. like i say, there's always a bull market somewhere. i promise to help you find it here on "mad money." i'm jim cramer and i'll see you tomorrow

good evening, i'm scott wapner on day 185 of the coronavirus crisis the u.s. just had its worst day since the pandemic began >> a shocker from the state of florida. 7,000 children are confirmed to have the virus it's new evidence children are not immune. >> we are very concerned about clusters of people congregating in areas that they're going to obviously be fertile ground for the spread of the virus. >> georgia, tennessee report record new caseloads. >>