>> i like wells fargo here good value. >> steve >> sonos going higher. >> xilinx. >> thanks for watching "fast money. see you back here tomorrow at 5:00 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 trying to make you money. my job is not just to entertain, but educate and teach you. call or tweet me @jimcramer. we know, we know, that splits, stock splits create no value

whatsoever they're pure slight of hand. do i have more pencil? stocks are also exactly what we need to help keep this market moving higher like we did today with the dow gaining 290, s&p jumping and the nasdaq 2.13% because apple and tesla gave you fantastic news about what it should be a 4 for 1 and 5 for 1 stock split respectively again, no new value but boy, do people love it there's a reason we have to feed the bull with more nourishing stock blitz and i'll tell you why. years ago individual investors deserted the stock market with the implosion of 2000, 2001 and financial crisis of 2007, 2009 they gave up on the asset class and started tiptoeing back, looked enticing and something would go wrong 2015 mini crashes. but in the past few years, beaten down individual investors, a lot of younger

investors intrigued by low to no commissions. finally started buying stocks again. despite all the gray beards telling you it's impossible to beat the market, despite the supposedly brilliant money managers warning you that the world was ending this spring, this new crop of investors just keeps coming and coming and coming the rally of the market and their emerging, come on, they're no coincidence they weren't deterred when warren buffet told them to stick the funds. never been good at timing the market they made bad calls except for apple. he dumped at the bottom, wells fargo, whoa. the new generation of investors doesn't care about warren buffet they only know him from day. they're more likely to follow this guy from the outfit called bar stool. a.k.a. davey day trader.

he's tfascinating and got into stocks making it impossible to bet on sports. i know he's not professing to know much beyond stocks go higher you may have a complaint with portnoy. if he starts to trade stocks in march and april, stocks do just go up, right i mean, that is his philosophy, which is why this guy is running circles around much more sophisticated professionals and they hate him. i bring it up because he embodies this retail investing revolution albeit inboyant way we're trying to make money you get the picture. individuals are storming the barricades breaking through the conventional wisdom to say it impossible to consistently beat the market like fang, i got him yet people are picking stocks and their own stocks from what i

love i love it. if we can help educate you once you're in and we've nudgedthe process in a positive way, well then two cheers for capitalism 13 million traders together with their little john and fryer tuck fellow travelers, they are an incredible powerful one because they infiltrated twitter before we became covid pushers they were stopping me on the street and i love that, too. it was precovid. know what the biggest complaint was? stock prices were too high do i like price mull tippings, not relative the favorite companies because too high which brings me back to stock splits every professional knows that this is one share of amazon

$160 and 100 shares of 31.60. but in real life people aren't calculators. if you have $10 to work with, it feels different than $3,000 stock. $10,000 is a lot of money. for $50. it reminds me of the '80s and '90s when tons of regular people make fortunes buying and selling individual stocks. the people wanted stocks and executives eager to please investors would give them splits and many investors in the market great singles and great singles of financial health and sales earnings of momentum, look at me, look at me back then occurring when any stock reaches the $100 barrier as individuals got pulled out, they level high share prices because that meant lower

commissions when you're money manager, you pay for a share of basis so if apple does a 44 for 1 split it costs four times as much and they don't like that. in short, splits are for home gamers but bad for professionals. but until recently there weren't that many home gamers. now something changed. elon musk, the visionary behind the technology company tesla decided to split his $1500 stock into five pieces giving them exactly what they want maybe it shouldn't go up but went up 13% today. stock splits create no value whatsoever i keep doing this so you get the picture. this is no more pencils. it isn't two large pens i happen to have. we're talking about the difference between $1 and four quarters, exact same thing slightly different presentation. you can say it crazy for a stock to rally on the split and you

would be right i say crazy like a fox because we know what happens after the split. this cohort of investors that love low dollar amount stocks will buy and hold the best names rather than the darn penny stocks they have been ignoring these and buying crap and buying good and the thing about retail investors is they can make more for stable shareholder base than hedge funds because the pros have no loyalty. go long. ceos wake up i'm going to be on this topic like white on rice it will be televised by me let me give you -- i know what you want i'll give you ten companies that would be nuts not to split the stocks right here. even as i know this creates no more value than -- i'm not wrecking any more pencils. all right. one, amazon, i mean, the world leader in retail and cloud infrastructure, are you kidding me two, alphabet which is showing signs of unlocking value if they

bring more fresh entertainment, the robin hood crowd would eat this up. three, chipotle. benefitting the most thanks to the dig it will prital promise, netflix. duh. five, invidia, the ceo could have an elon musk style cult and five, definitely get the following if he split the stock. the guy is a modern day davinci. it helps businesses large and small harness the power of the internetme internet it's okay. seven. hold it. yes, costco. this is the best brick and mortar retailer on earth i'm a proud member but my wife -- i'm a gold star. my wife has the black card it has the lowest prices and shopping experience. costco demanding masks when nobody else would. now everybody does it.

eight is home depot. this is the story where individuals will say it was so packed, social distance, so packed and good at responding to the virus, the best place to fix my house up, i want to buy the stock. the stock is too high for the robin hood crowd nine, facebook cheryl, mark, i think the public relations problems are behind them in the move to help small businesses sell goods will be huge and finally ten, microsoft. this made it in the $200 club which is the cut off for what these investors are willing to pay. they loved microsoft but not at $200 and change. sorry. couldn't fix that with a press release. i go in all day. dexcom, united health, shopfy knocking on the $1,000 club because they help people sell stuff online the idea splits mean -- when i worked at goldman sachs in '83 it was gospel. stocks shouldn't matter but since when is the stock market

logical in the real world with real humans, splits obviously make a huge difference to a rapidly growing contin gent of young individual investors they need to take their cue from tim cook and elon musk executives right now i'm just begging you look at what apple and tesla have done with with the stock splits besides the way i've been around longer than you have you have a no commission paying crowd. chuck in arizona, chuck. >> caller: greetings mr. cramer. how are you today? >> having a good one how about you? >> caller: thanks for putting him in his place today. >> he was ill advised to come into my house. i have to protect the house. >> caller: i agree i'm glad you took control of

your house. >> it was a suboptimal phone call what's going on? >> caller: let talk stock. i thought you limited on the unusual activity awhile back and i continue to hold it. it peaked at 145 and retreated back to the 120s the earnings report next week, do i hold or trim or win the register does dr. cramer say? >> it's at 200%. i smell the powerful odor of greed and i'll never go against them because they happen to be my friends but bulls make money, bears make money and hugs. eric in michigan, eric. >> caller: how are you >> doing well. you. >> caller: i'm an avid "mad money "watcher. >> thank you. >> caller: my question is at home, symbol ahome i went in june and was impressed

with their variety and pricing it discount home improvement massive in size. the stock runs from $2 to $16 in the past two months. do you think there could be more upside >> lee burg came on the show, the ceo and i thought this thing is a real mess he told a positive story and a positive story is playing out for way fafair, too. i want to know from him rather than from me all right. you guys notice the bottle do i have game or what anyway, stock splits used to happen all the time when a stock went over 100 and then they went away but now they are coming back and make a huge difference getting the right shareholder base so you guys have your marching orders. i'm going to be gentle at first. because i am jimmy chill on "mad money "tonight, i got

earnings it looks like chuck robins maybe can tell us something. can this stock market head higher and most of the covid vaccine stocks are taking a hit and multiple shots on goal tonight, don't miss my sitdown and stay with stock splits and 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 1800-7443-cnbc m miss something head to madmoney.cnbc.com. woman: my reputation was trashed online.

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never forget when a company reports earnings, there is nothing more important than the forecast but this is a sir mix a lot kind of but, that forecast can be tough to interpret. they reported strong results after the close with one notable exception. the forecast was impossible. they guided from 9 to 11% decline which was worse than wall street expected inflamed by a personnel shift that we'll get right into at the top. even though cisco is transforming itself in a software and services play for years, that's more than half the business way ahead of schedule that sell enterprise harbor. you have to worry why the truly grim forecast, maybe this is where under promised and under

delivered. let go straight to the source of cisco systems to get a clear picture of the quarter and outlook for the future welcome back to "mad money." >> jim, great to be here thanks for having me. >> all right chuck, i trust your family is staying safe, team staying safe. >> everybody is good and i hope your family is, as well, jim. >> holding in there. there are very few cfos i would mention at the top matter of fact, one, that's kelly cramer and not related and she's retiring and i have to tell you, chuck, it's a bit shocking when i heard it on the call and you could imagine there would be some people that say you know what? she's so good i got to worry what is going on can you allay fears given the fact you and i both know she's probably among the top three or four in the country? >> first of all, kelly is amazing and a great partner for five years she's been in the job almost six years and telling me she wanted to do this, she was reminding me and telling me the average tenure of a cfo and exceeded

that anyway, i think she's telling me she's going to focus on boards and investments and the key thing is she's agreed to stay on for whatever period we need to get a successor on board she's committed to our success and will help us through the process. we'll end up with a great cfo. big shoes to fill but i'm confident we'll have a great cfo to succeed kelly. >> i was confused with kelly in the forecast and down beat things you've said because you said that 2020 was not the year for corporate for enterprise 5 g. you said 2020 before the pandemic began was not the time, more of an investment time for you and next year is when you'll shine. why is this any different from what you've been saying? >> well, jim, i'm not sure i think that i said that it doesn't feel much different today than 90 days ago

we have a significant business that is related to corporate headquarters facilities and there are no people in the headquarters right now and so there's a lot of discussion around what does corporate real estate look like i believe once we get through the vaccine period that people will want to get back to the offices in general and it will be fine and we'll use this opportunity to actually shift our investments and prepare for that moment and i think that when we get to the other side of this thing, the strategy and the portfolio we have, we'll be fine. >> now i have been on a series of phone calls and when they're personal or on zoom and core prelt they are on web x. i have to believe even if everybody does stay away from the corporate headquarters, web x can be a big prf fofit center. >> jim, i heard several comments about people who are questioning why web x didn't carry the day for us today and it grew double digits so we had good success with it.

it's in the context of $50 billion business, you know, it's a small percentage it's a very small number in that context so, you know, we had success, it still growing and the teams are doing a great job. there is a whole lot of invasion that's planned over the coming months for that platform so we're excited about what's going on and as we've talked about, you know, it is secure in its enterprise grade and that's where it shines. >> there was a note of hope that i wanted to drill down on. you said you saw some strength in the very high end of enterprise and in federal. why wouldn't those be the beginning of more strength rather than less in other words, it starts with the richest and trickles or cascades down depending upon your outlook. >> well, that's typically what we see, jim. that is an accurate assessment of what we've seen historically. i think the question is timing we're sitting and watching the congressional debate right now

about stimulus and so many of these mid size companies have actually benefitted from both the treasury and congress actions that we've seen to date so there is a lot of uncertainty what happens from here, a lot of uncertainty do we get this pandemic under control, some of the countries that opened up around the world have now begun to slowly close back down because of reemerging of the virus. we saw strength in the service provider business and strength in the very high end of enterprise and federal as we discussed and saw some countries as they come out that started to spin again it gives us hope that and a belief that when we get to the other side, the technology and the solutions that we built will be more relevant at that point than they were coming into this. >> a lot of us were rooting for you to get from 50 to 51% service and software and kind of felt when that happened, it

would -- the margins would flip. is it the pandemic that's keeping that down because this would have been a quarter where i said wow, if you told me they would be able to do this three years ago, i think the stock would be dramatically higher. >> well, jim, i think the thing that happened with the margins this quarter was we're now actually the d ram benefit is reversing on us a little bit and kelly talked about that and supply chain dynamics and done a great job. we also have heavy logistics cost during the quarter and, you know, there are pricing pressure that we're seeing out of the marketplace now. customers are stressed competition is aggressive but we're committed and if you look at the gross margins today versus four or five years ago i think we'll continue to see that over the next three or four years. >> let me ask you a question this is a dice roll. can cisco step and pick up

business while they become a national security concern for everyone in the world? >> well, for sure if customers are looking at replacing or any vendor with technology particularly in the routing platforms and backbone platforms, we clearly don't play in the 5 g radio space but those are areas we could potentially benefit. we had early conversations with customers and seen a couple customers move but i think they will work as hard as we can to win that business when it becomes available. >> chuck, i know please tell kelly thank you for everything she's done for so many shareholders watching and i understand your conservatism is the way i'm looking at it. always great to see you, sir. >> thank you, jim. thanks for having me. >> that's chuck robins, chairman and ceo of cco sckisto is down perhaps down too much. stick with cramer.

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i always ask the same question, can this juggernaut burst higher so tonight we're going off the charts trying to get every single piece of information to help you this time we'll go to carly garner, she is a brilliant technician who is the co-founder of decarly trading and to get a better read on the situation because she called something very interesting to our attention. she loves to tell us about the futures trading commission weekly commitments of traders report which tells you what large speculators, small speculators and commercial hedgers are dog we care about the large speculators meaning money managers and we're seeing a very clear trend. these future traders are extremely bearish.

they are holding the most aggressive long position until the ten-year treasury note in the last 5 two weeks and second largest sport possession in the s&p time frame they have been building them gradually but safe to say the big money betting stocks will collapse, not just good but collapse and money will flow the thing is they often blow up in your face ironically the bears could be the very thing, the very reason that keeps pushing the market higher in the face of not so hot fundamentals or broad economy. when you have too many professionals betting against a given asset, a crowded trade, you get a short squeeze. garner thinks what we're seeing right now most of the daily active trading volume seems to be coming from exhausted short sellers that feel compelled to cover meaning buy back whatever they shorted to close positions. the shorts then rebuild their confidence for some reason and come right back but their always more motivated when they have given up, which puts upward pressure on prices so in other

words, they try to sell betting it will fall and ends up going higher and reach and that's what she's seeing in the market let take a closer look at the daily chart of the e mini s&p 500. not much changed from last week. the up trend remains in tact the s&p is now filled in the big gap, big gap down from february 24th when wall street first got serious about covid. if we keep getting good news, she thinks they could benefit from a squeeze that could take us to new highs around 3400 up less than 1% from here but pretty relentless, right we're close enough to taste it we get to 3400 and longer terms she believes 3600 is in the cards. we don't have a chart that's high enough for that but however, now that we filled the gap, garner says this could open the door to some selling, maybe down to 3100 and that would be -- you would be gasping if that occurred. down to 3 100 if we get bad news

on the pandemic front or macro or earnings front. garner believes it would be aggressively bullish here, at least short term this is a weak moment for the s&p in terms of seasonal tendencies and the resistance at 3400 doesn't help more worrisome when you look at the important momentum like the relative strength, the rsi and the williams percentage, larry williams do his stuff. he's great they are both mildly over bought suggesting we could come up too far, too fast might be due for a pull back. those are couldn'tidaunting you might get some sort of nasty short term sell off like we had in june but it's not in danger, and that means any sell off is going to be used to buy. you should do the same how about the monthly chart of the e mini s&p 500 futures that paints a bullish picture. they have been in a megaphone

pattern, okay? i like that one. megaphone pattern. it looks like a megaphone. where we bounce betwe between irrational exuberance and fear garner thinks that price would indicate irrational exuberance because they traded up to 2018 and again in february. each moment was followed by extreme pull backs but before we worry, let's see what the world looks like with the s&p above 35 again, let's recap she thinks the market is going to go up and downturn passive if we get that one last time the bond market, the bond market is bigger than the stock market and powerful why don't we check out the monthly ten-year treasury. when prices go up, their yields go down and that's a bad sign for the economy. if you look at the relative strength index, the ten-year is

incredibly over bought right? that's just incredible wh och whoa garner thinks this over stretched rally could be coming to an end but might have one last hoorahhoorah pull it together and the charts are interpreted by carly garner suggests we could hit short-term turbulence but she's betting it will go to new highs and beyond and she been right so far. the bottom line, if there is a bull back she doesn't think the bears can win because there is too darn many of them. we have lots of short sellers that get squeezed every time something happens like today when they give up the ghost, their pain is your gain. much more "mad money" ahead including my exclusive with emerging does it have other tricks up its sleeve i'll talk with the ceo is the stock up 18% alone. it may not be on your radar.

i'll reveal the name, i got to tell you i like it and all your calls, rapid fire in tonight's edition of the lightening round so stay with cramer. introducing stocks by the slice from fidelity. now you can trade stocks and etfs for any amount you choose instead of buying by the share.

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most of the cov oirid stockr getting hammered there might be room for a few but this is very competitive they budged today. that's why i prefer drug plays with multiple shots on goal including both covid and non-covid treatments take bio solutions, a tech with a trade and true vaccine

business that's developing a pair of covid treatments for covid using blood plasma from people that have beaten the virus. those who beat it, please, please give blood. more important they have a big contract manufacturing business and signing deals with every company trying to develop a vaccine. i've been recommending this since may 4th. this is a good one stock under 80 thanks to a fabulous quarter, they delivered a gigantic top and bottom line thanks to the manufacturing business and management raised their full year forecast dramatically giving great guidance for the quarter. stock surged to 137 before pulling back to the big rotation and safety stocks that rebound at 6% today. i love this story. why bet on the individual vaccine makers whether you can bet on the arms dealer that's working with just about everybody. don't take it from me. let's check in with robert cramer, no relation, the president and ceo of emergent

bio solutions. bell come back to "mad money". >> good to see you, sir. i want to go right to what's going on because you have a fabulous deck after your quarter and there is comments hhs secretary alex aczar had to say make it sound like you're manufacturing capabilities could be the key to beating this pandemic. >> well, jim, as you foe, we're right in the middle of a number of covid-19 infiitiatives from e vaccine development and manufacturing services front as well as therapeutic development front. since we lost spoke in early may, we've signed $1.4 billion worth of development and service contracts with organizations like johnson & johnson, hhs and on the therapeutic side, we're super pleased to have been able to partner with organizations like mount sinai health systems of new york and immiuno tech to

support the pla sma of this therapeutic treatment. we've been busy and as an organization, we're proud to do everything we can to help our government as well as strategic partners in this fight against the covid pandemic. >> let speak about the partners. you have tremendous information in your published materials. i want to start with novavax because they get three dots so to speak so you are obviously and all within america, all within maryland, you're close side by side with novavax. >> we're close with them we've done a lot of development support for their candidate in terms of getting it ready for larger scale manufacturing, so whether it's them or j and j or az, again, we're proud to

partner with these organizations who are right in the middle of the this fight alongside of us. >> so i'm trying to get in it looks like i might have good fortune in the j and j gigantic, gigantic test, the trial because they have over 65 and they're talking about being able to make millions but you're part of the reason why they can make billions, correct? >> well, we've partnered with j and j to be their u.s. supply chain solution for covid-19 vaccines so they clearly have responsibility for the clinical development of their candidate we have partnered with them to put our manufacturing and development muscle behind that candidate and be able to quickly scale the manufacturing process to be able to meet the operation warp speed and u.s. government's need for as they've said, hundreds of millions of doses of

a number of vaccine candidates so again, we're proud to play that collaborative partner role in development and manufacturing services for j and j as well as for as ttrazeneca. >> oxford is a foreign university how does that work out with emerge emergent, which is very american company? >> i think it works out because our expertise is in domestic-bilsdomestic domestic-based manufacturing and development services for vaccines as well as for therapeutics as we've talked about in the past, we also have device business unit as well as therapeutics so we're well rounded in terms of being able to make a number of contributions to strategic partners in the covid-19 space. >> robert, are we going to beat this thing

>> yes, we are we have a number of shots on goal and six large players and 12 candidates in advanced development. are working like they never have in the past, we will beat this it a matter of time before we demonstrated to have save and effective vaccines made available to the public? >> you're in the thick of thi s things i feel better speaking to you and feel better about your stuff. ceo of emergent bio solutions, thank you. >> thank you. >> we've been right on this one and it obvious they are the lynch pin behind so much of what

has to go right. we rediscovered them "mad money" is back after the break. experience the joy of a bigger world and a highly connected lexus vehicle at the golden opportunity sales event, lease the 2020 es 350 for $359 a month for 36 months. experience amazing at your lexus dealer.

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and let the experts help you repair it. woman: they were able to restore my good name. vo: visit reputationdefender.com or call 1-877-866-8555. it is time, it is time for the lightning round. buy, buy, sell, sell, sell and then the lightning round is over are you ready ski daddy? mary. >> caller: hi, thank you for your time and expertise and for your kind and efficient staff. >> staff is great. and stretched, believe me.

okay. >> caller: my question is about flir who manufactures equipment -- >> mary, this stock should be higher i like flir. thermal energy security, i don't understand the drop off. i would like to be a buyer let go to john in georgia. >> caller: big georgia boo-yah, jim. >> i'll take that. >> caller: hey, my question is the company come into market with a lot of excitement around them recent milestones with magnet international selling out of the 2022 production with the rental car business what are your thoughts about spaq >> i have to do work on that dave and i were going over some of the spaks before this morning and they are hard for me to keep track of, frankly, so i got to do more work i'm sorry. there is just so many of them, they are overwhelming me right now. let's go to frank in new york,

frank? >> caller: jim, thank you for taking my call. >> you're welcome. >> caller: everything you do for investments. the company i'm calling about is a chinese electric car company making the most affordable cars coming to the u.s. market next week with 7 grand from the u.s. government, the company is candy technologies. >> it's go carts it's more polaris let's go to dan in kentucky, dan? >> caller: bar yoo-yah, jim. >> boo-yah. >> caller: calling about zoom info chuck was on the other day and the ipo came out june -- >> you're like me. you listen to him. he sounded really good i thought the story sounded gre great. to me it seems like a buy. let's go to mike in maryland, mike, mike, mike. >> caller: hey, what's going on, jim? i just wanted to see what your

take was on service master global holdings. >> i like service master one of the first stocks i bought this is just a bread and butter company and i like it. let's go to mike in minnesota, mike >> caller: professor cramer, i love your trading books. i hope you're considering writing another. >> there is no money in books or time in books so my wife doesn't want me to write a book. i'll talk about it this weekend. what's going on? go ahead that was it? i didn't get the stock oh, mike in michigan, let's take a series of mikes. let's try this mike. mike >> caller: hey, how are you doing? >> i'm doing well. how about you? >> caller: i feel like i got a vip pass to talk to the one and only jim cramer. >> i wish i were a vip i'm like everybody else, believe me what's going on? >> caller: hey, i'm an associate

broker for exp and i want to know if expi is going to keep tearing it up? >> i think real estate is waiting for a cloud based solution and found one and i think that look, my wife is in that business. i think that there's a lot of room for a company like expi let's go to ben in colorado, ben? >> caller: jim, you must make a lot of people proud. good job. >> thank you. >> caller: the question, another falling trade mr. steve grasso says this is one of the most under valued companies in the market i'm taking you home -- >> not a great company i know the company, just not going to recommend it. okay it's the spin off not so great and that, ladies and gentlemen is the conclusion of the lightning round. >> announcer: the lightening round is sponsored by t.d. ameritrade ♪

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when the high-flying stocks got their groove back. this is a hybrid online media and cloud service play humble bundle, speed test, pc mag and other ius and many others including some we'll talk about and a host of cloud services, think of online fax platform, virtual phone system and email marketing solutions. when the pandemic hit, they got

clobbered with everything else and the stock struggled ultimately bluultimate ly plunging to a five-year low didn't make a lot of sense some of that makes sense because half of the revenue is from advertising. a short seller published more or less accused management of self-dealing they denied and stock got slammed. they must be upset now not because of the important charges and made positive governance changes because on monday night the company reported a much better than expected quarter, nice revenue beat with a big earnings beat and management reinstated the guidance with a forecast well ahead of what wall street anticipated and a five-year buy back that could retire more than a fifth on the share count. straight to that news, the stock jumped 15% yesterday, tacked on 2.2% today i think it has much more room to go let's dig deeper with the ceo of

j 2 global welcome back to "mad money". >> great to be here. how is it possible in an environment where i happen to know, as you know i know this business advertising is crumbling across the board and you put up numbers that had a 10% increase seems remarkable in the covid-19 environment. >> q 2 was as punishing an environment for media and ad players as any i've ever seen. i've been in the business for 25 years. it was a tough environment so the fact that we were able to post the kind of growth that we posted was nothing short of remarkable and i think we had a few things going for us. first, when i was on the show in the fall, we talked about our ad business really being focused on driving customers and delivering customers and performance and not impressions and brand goals and i think being performance

driven really helped us in an environment like this. second, we're driven by verticals. we're in the tech vertical, the gaming vertical and health care and health care in particular did really well for us in the quarter. we executed against our mna, mna acquisitions are a big part of what we do in particular did really well for us in the quarter and then i think the last thing is that we're seeing a flight to quality. advertising world and media world in general, you're seeing marketers moving back to brands that they know that they recognize and they trust you named a number of them at the beginning of the show. >> i go to every day health and got basically a tip of the day for covid and i know that it's not necessarily trying to lead me to buy something, it's just the tip of the day and i think that when i look at it today or look at it, you have mosquito bites which i suffer from a particular anti histamine

problem. advertisers are getting legitimate which is hard when it comes to health care online. >> you're 100% right the business itself, the health group grew 30% huge driver for us the interest in health content to your point has never been higher but it's not just covid and virus related content. there is a lot of wellness and both physical and mental wellness content that seems to be performing really well. the other aspect of this business that is important to understand, when you look at the way that pharmaceutical marketers market, they market to patients and they market to physicians the amount of money that faphara spends is well in excess against customers. historically, the manifestation of that marketing was called

detailing. that was the process of a pharma sales rep into a doctors office. that was on its way down anyway but with covid, that certainly was entirely dislocated and we have an asset today which is amongst the top new sources for physicians and so all of that activity and marketing to prescribers and prescribing physicians is moving online and we were a beneficiary of that. >> is that a reason why remarkable e remarkable remarkable margin and 1everybod i know in advertising is opposite they are down about 35. >> you know, look, the aspect of this that we are proudest is that we've achieved these margins and these cash flows without a significant reduction in force

reps have become monoplaen commn our industry what we're able to do is instead of cutting jobs, we're really focused on vendors or contracts, every choice we make outside of our people to see if we could find efficiency. then we found those efficiencies in addition, i think we have just been really disciplined in everything that we're doing and, you know, everything from remote work has been to the benefit of our cash flow. you know the cash flow is important to us. we're not a company that wants to be valued on future cash flow but current cash flow to make us somewhat unique but that cash flow is fund mentally important to driving our acquisition program. we run our businesses for cash to acquire businesses that we then of timmiit was a record fr

flow quarter for the company and history. >> last question, i don't have much time. is the stock attractive new for a buy back that is one of the largest in both exchanges? >> look, i think the company right now is a great value and obviously, putting in the share buy back programs design such that when we see that the stock is competing with the mna in return on invest the capital, we'll be buyers of our shares. >> i know you best as a guy who understands but you know value and you'll buy it if it right. ceo of j 2 global. thank you. >> great to be here. thank you, jim. >> hard to find. high growth companies well off their high with a buyback and a ceo who understands value. jcom stick with cramer.

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we know it doesn't create more value, it's this much here is what i'll tell you, until the old days they rewarded shareholders with stock splits tim cook just did it and elih musk did it and i say come on the rest of you, get individual investors back into your stocks. stop it with the hedge funds you're catering to your enemy. i like to say there is always a bull market somewhere and i promise to try to find it for you here on "mad money." i'm jim cramer and i'll see you tomorrow

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