dm'd me. he said he has these sneakers that he wants to display on our show anyway, citibank i think you're going to start to see analysts raise numbers based on what transpired today in a number of different things citi too cheap that gs etit done. see tomorrow "mad money" starts right now 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 to educate and teach, put it in context call me 1-800-743-cnbc or tweet me @jimcramer six months in, and the pandemic's collided with business in ways that we could never have anticipated including today where the dow

gained 160 points, but the nasdaq dipped 3.4% we still care about the federal reserve. >> they know nothing >> just kidding. or the president's speech tonight at the republican national convention. but the core question is very simple, do you think we can beat covid-19 sometime soon or are you expecting it to plague us into next year that can be difficult to see today, we were obsessed with fed chief jay powell's big speech at jackson hole we parsed every word, and it wasn't worth parsing he was a prisoner of the flimsy orthodoxy, but these days he doesn't want to be the reason the economy falls apart. he's saying forget the foolish ways of the past 40 years of fed chiefs his goal is to help the economy, period, until the pandemic

lifts. it's joyful. he's really smart and good guy that's a stock market like a supermarket. there are some aisles we want to go to when the virus is raging, and there's others we want to go to when it's on the ropes. we don't know when we'll beat this thing i've been telling you to take a barbell approach to investing. it means in the age of covid, you need some stocks from the recovery aisle, some from the pandemic aisle from that you'll be driven from four companies that are about revolutionizing computer equipment and the cloud to help businesses and people like you cope with the pandemic today, we learned that microsoft and walmart want to team up to buy tiktok, the chinese owned

video sharing site that's become, i have to say it, sadly a worldwide sensation. the average user is spending 50 minutes a day watching videos. both stocks liked it but don't forget the other end of the barbell, when we got covid on the run abbott labs announced a 15-minute covid test, which you go to the drugstore, yo get it like that. cutting out the labs that have been such a terrible bottleneck. and the president is buying 150 million of them. abbott is a game changer the rally in the recovery stocks, travel and leisures roared especially since abbott's got an app that vouches for your health

if the test comes up negative. i got the app right there. it took me a few minutes to downlo download it's not bad i'm able to tell you like this, i can want this and go on an airplane the company can produce 50 million of these by october. if you know your passengers don't have the virus, you'll be more likely to book a cruise abbott can sell them next week i see this as a major positive however, i'm betting some of the changes from the past six months are going to be permanent. there are whole divisions of enter vises that will never go back to normal it's not just the transition to the crowd. remote work is a lot more convenient and less expensive for the company and there's no putting that genie back in the bottle it's a winner. for all the focus on the cloud based stocks, there's strength in hardware, too but you just need to see it if

you work at home i mean, consider this. just look at hp, ink, okay the pc in printing business which reported an excellent warter hp delivered a six-cent earnings, much higher than expected and blowout free cash number, because they return a lot of money to you in dividends. they're selling a up the of these, and that's the stay at home at work management gave you a strong forecast i think what's happening and hp can tell you about the stay at homeky and what the younger people really want, which i believe is light touchscreen pcs. let's take a look. enrique is the president and ceo of hp. welcome back to mad money. >> hi, jim, great to be with you today. >> i've got my unbelievable hp

sure view on my desk, which i love it's a touchscreen, great resolution i'm sorry i'm a salesman for you, but it would be a deal if i had to move to be at home to stay in touch with the office and do my work is this the kind of thing that made this quarter so great >> as you said, we had a very strong quarter we beat revenue expectations and pcs were a big part of it. we had a very strong quarter year on year, our revenue growth grew 9%. so you know this quarter, we shipped 3 million pcs. we had never ship sod many pcs and it was really driven by the demand we see for people working from home. >> do you think that this is here to stay or does everybody at home have a pc and now we're done >> what we believe is that pcs

have become essential. now we see the need to have one pc per person. this is going to be driving demand and staying with us for a while. >> you've always told me, we have to get printers to do better how is that progressing? >> we are doing well on the print side similar to what we have seen on pcs. the demand for consumer printers and supplies have been strong, have been even stronger than what it was before covid so we have really done well in that space and on the commercial side, we have improvements through the quarter, as the impact on the pandemic in many countries got smaller. >> all right now, how is it possible it can be better than before the pandemic if -- i would have thought that a lot of those big commercial pcs are stuck in the office somewhere, printers, and we don't need the printers at home that must not be true. >> where we are seeing stronger

demand is in the home space. in many different countries. we have seen more people working from home, many more kids learning from home and when you're doing that, you need to print and you need to print locally. >> i got it. >> we expect this to continue going forward. >> now, one of the things that's amazing that i saw in this quarter, almost every company i deal with, canceled the buyback. they thought, it's too dangerous. your cash flow is so bountiful, you were in there in the market. >> yes we also are confident about what is going to be in the performance the next quarter this drove us to elevate the amount of buybacks we did $1 billion in buybacks and what we have shared is we expect to do this as a minimum the next quarter again >> you're buying back a lot of your company one of the things i know you're incredibly interested in, and we have to talk about, people talk

about we have to do more for minorities but it's always the board that is -- wants to get the company to do one thing or the other, and the board, for lack of a better term, looked like they did in the'50s and '60s like they did in a lot of places. >> it's not only the board but the whole company cares about it we have one of the most diverse companies in america and the technology sector. but really, the whole company cares about it it is part of our culture, and we really have a commitment to eliminate systemic racism. we are focused on that and taking specific actions to drive that >> this is empirical, right? you have demonstrated when you do that, your company doesn't do worse, but it tends to do better so we should all be pushing for that if we own stock >> actually, you're very, very right. we are doing that not only because it is good for the

world, it is also good for the shareholders right here, our focus on sustainability drove more than 1.6 billion dollars. it's a very significant number, and this is why for us it is so critical going forward >> i know your company has been very interested in health care, whether it be the devices that you make so that people can operate on baby's hearts or what you're doing with bioprinters for covid-19 >> yes you look at the technology we have what we know how to do better than anybody else is to manage liquids at microscale. this is be applied to many different industries we have developed a specific system of printers that can be used for testing in environments, and we see this as a long-term opportunity for the company. >> i just want to go back, i happen to be proud of my pc. i love it. i do not have a good back, and

this is the lightest pc, which believe me, if you are a millennial -- if you're a baby boomer, it matters more than we think. what's been the reception for this, which is a rather new one, it's so powerful and beautiful and it bends -- i'm not kidding, this is what i use every minute. how sit doing? >> so the reception has been very strong. let me share with you, it's not only that the pc is light and has strong performance, also, the materials we use, is something critical for millennials. we are using ocean bound plastic. every material we use, we check the sustainability and the impact it's going to have. >> well, look, i love it i went out and bought it t i'm a big sales person for you, i don't care you're doing some fantastic

things thank you for coming on. congratulations, sir >> thank you, jim. great to see you okay look, this is a very expensive stock with a good yield. 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. i'm hector. i'm a delivery operations manager in san diego, california. we've had a ton of obstacles in finding ways to be more sustainable for a big company.

we were one of the first stations to pilot a fleet of zero emissions electric vehicles. the amazon vans have a decal that says, "shipment zero." we're striving to deliver a package with zero emissions in to the air. i feel really proud of the impact that has on the environment. but we're always striving to be better. i love being outdoors, running in nature. we have two daughters. i want to do everything i can to protect the environment to make sure they see the same beauty i've seen in nature. my goal is to lead projects that affect the world. i know that to be great requires hard work. my goawelcome to campojects ttonsafun on xfinity!. it's summer camp, but in your living room. learn how to draw with a minions expert... how to build an indoor obstacle course!

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cloud kings, they keep knocking it out of the park. sales force reported a magnificent quarter and sent stocks into the stats to fear. this time we got -- 20% growth stock for workday. let's take a closer look with the co-founder and co-ceo of workday, who has decided to split the reins with chaddo fernandez, formally the co-president, now he's the c co-ceo welcome back to "mad money." >> jim, how are you? >> congratulations on an amazing quarter. more important, congratulations for being the only software company i know that has a vision of how the year is going to be you put out guidance and the guidance was amazing how do you get such surety in the midst of a pandemic and a recession? >> you know, i think it's a combination of a great sales

team, a great sales leadership starting with chaddo fernandez, our new co-ceo what we have learned through the pandemic that our applications, hr, accounting, payroll, they're mission critical so we do have visibility into what the rest of the year looks like that's interesting, because there was a piece that came out, i'm not going to embarrass the analysts, because i'm jimmy chill. but the question was, and they started with a sell, which scared the death out of people, said that your business is not high priority. that larger organizations are focused on other higher priorities it turned out that maybe your business is the highest priority, because you had one of the great eest have i seen. have has human capital become to the top of the heap? >> during the pandemic and with the social crisis upon us, i think everybody is focused on how do they take care of their

employees and reach out to employees. employees have become the number one topic amongst ceos during this crisis. and i think as a result, you want to be on the most modern, flexible, cloud based hr system you can be i think that's us. for finance, it's a similar story. we have our customers closing our books remotely without anybody in the office. we have people using our planning products and running 30 times the plans they were running a year ago, because the world is changing so rapidly so the demand for applications really has, you know, has never been stronger. i think the miss from analysts, they try to tie us back to erp we're not erp. we're six to nine-month application cycles that's why our business continues to do well >> i want to talk about some

customers in a second. you decided to share co-ceo to have a different vision than before what's the change here >> if you go back eight or nine years, dave duckfield and i were co-ceos, my co-founder, one of my closest friends on the planet and my mentor, and we had a great run together and i think workday was one of the first companies to embrace that co-ceo model. i really needed a partier, the company needed me to have a partner for this next leg of growth and there's nobody better than china. he's an amazing human being. he lives our values, and during the pandemic, i hate to use that expression of a wartime leader, but he is a wartime leader

he had 100% composure, he figured out how to run the business during the last six months, and the results are largely the doing of his team. so it's just a natural time. so i couldn't be more thrilled it allows me the focus that i'm better at, products and technology, he's a much better operating executive than i'll ever be. >> one of the things you have to explain, how do you close a big account like co-america, like the state of oklahoma, via zoom? these are things in you, i would expect they have have to go to workday rising, they would have to see you, they go here, plain, plain, plain no you're able to do this >> yeah, i would have gue-- wouldn't have guessed that precovid, either

really two things benefit us number one, a very happy set of customers. so these customers like the state of oklahoma or co-america, they can call other customers and can get strong reviews of what workday does. we're totally open book about our references and customers then the second thing is, we have amazing employees and we've been able to build relationships over zoom. >> now, one of the things i know is amazing to me that you can do this business, you do a great yoif university business but the universities of this country are in disarray. so you did this number, i presume, without winning a lot of university business >> that's true i care deeply about the universities, the small and medi medium-sized universities are challenged right now even some of the bigger ones so there wasn't a huge amount of higher education but the larger institutions are still moving forward if there's anything i take away

fromquarters is that the movement to the cloud is going forward unabated, especially with a big remailer that we landed who is not at workday, they were struggling with their own applications and moving to the cloud was a way for us to deal with this environment. i think large universities and organizations are moving forward. they know they need to be in the cloud. >> i know it's a giant supermarket chain, midwest i would not have thought that a company like that, which probably does have to go against kroger and costco and walmart. these guys don't have a choice anymore. the big guys are everywhere. and they cannot just do it the way they used to do. >> i believe so. and the other ones, walmart, home depot, whole foods, lowe's, kroger's, they're all workday customers. they all embraced target and what you can do with the cloud,

the agility, the flexibility that's what you need today the world is changing so rapidly. you need to figure out how to adapt to curbside pickup you need to adapt to a lot more online ordering. >> i know you couldn't mention the name, but you said -- you added one of the largest u.s. telecommunication service companies. i imagine that's because there are other companies in your sector who compete with you, who often tell we that you're losing these businesses left and right. but you have a chart that shows me the ones you have and they're all the ones we're told you lost. how did you get the big telecommunications business? >> you know, at the end of the day, i think some of our competitors will talk about wins, but they're more hold on to the legacy technologies that they're on and when these large companies truly want to move into the cloud and get the next generation systems, that's where the competition really happens

that's where i think we shine. we have over 95% customer satisfaction we're all about customers right now. i'm so proud of what our customers are doing today. we have so many of them on the frontlines during this pandemic. they're amazing. we have the essential workers, and our job is to support them i think what our existing customers will tell prospective customers, workday does take care of us >> congratulations to chaddo fernandez for being co-ceo and congratulations for an amazing quarter. great to see you, sir. >> thank you, jim. good to see you. >> that's the co-ceo of workday, which is a company i've liked forever and it deserves that like don't go anywhere. i'll be talking to the ceo of

william and sonoma and splung. stay with cramer

what if the heck just happened to the stock of williams-sonoma? the stock was off 8% today wait a second, this is a retailer that's been thriving during the pandemic, thanks to its digital presence and all things housing related last night williams-sonoma reported a strong quarter, $1.85 per share, when the analysts were only looking for a little more than a buck so why did the stock roll around management doesn't want to get forward guidance, who can blame them the quarter wasn't totally perfect. we'll find out why but really, this is why it didn't go up it's been one of the hottest stocks the entire market it's still up 250% from its march lows that's why i'm not sweating

things out that's why it's a buying opportunity. this is the ceo of williams-sonoma, get a clear read on this result. welcome back to "mad money." >> thank you thank you so much for having me. >> this was an amazing quarter you are more relevant than i have ever seen your company, sustainable products can this continue? because it was such a blowout. >> you know, we did. we had an exceptional quarter, record profitability, and these results reinforced the relevance of our design labs, stable products our trusted brands and our digital first platform in addition to all those things, we're equally proud the way we're doing business in these difficult times, taking care of our stake holders. our values and sustainable, quality, community involvement and people are driving our results.

our results are allowing us to make more positive change. and we believe that vir choose cycle, as well as a very strong product road map, and the profit flip as we push further into e commerce is going to continue to yield high growth and increasing profitability. >> let's talk about that continued e-commerce your company has more e-commerce as a percentage of its business than any other retailer. did you back into it i know that you have a tremendous vision, but it turned out to be, in your conference call you had to say hey, wait, there's still some relevance to brick and mortar you're the only company able to say that >> yeah. well, clearly we are ahead of our targets. i can't way that we saw this coming to the extent it did. but e-commerce has always been

where we believed our growth would come from. and our results show that our powerful visual first platform has a lot of capacity to meet these customer's demand online that said, our stores are competitive advantage to our digital first model. it's not minus stores, it's plus stores and they play an important role in differentiating our offerings for the customer they're e pexperientiaexperientl and we are going to continue to invest in our stores we're going to have fewer but better stores. at the same time, we have, you know, over the next three years, 50% of our leases coming up for renewal. it puts us in a very, very strong position. we've raised the bar on profitability, and we're going keep the stores that are

relevant and great >> when you say that we're in a great position, you're seeing what you can get out of stores that you don't want to be in, but you also -- premiere client, you're sol vent. you can probably get better deals with some of these malls, you'll have your gross margins expand when these leases come up >> thank you for saying that >> it's true it's easy to say let me ask you, people are hung up on tariffs with china, hung up on freight companies having surcharges respect these just minor things? you have a great cfo, but that's not really the narrative that controls here. >> yeah, those are short-term head winds we always have something, whether it's a tariff, and i tell you, this pandemic and what's going on in the world is the hardest challenge that anyone's ever come against

and you see our results. and what i think -- there's a lot of things special about our company, but the agility and strength of this team that delivered and continues delivering these numbers and find ways to be first in solving the problem, that's the thing that's really hard to replicate. and we have a profile, as i said, you mentioned it, the occupancy leverage, we're seeing really a strong path and many, if not all of our core brands, we see a resurgence in williams-sonoma and you have these cross brand opportunities. so cross brand opportunities are huge a couple years ago, no one thought that it was good to think that way but now they're the center of our strategy so whether it's our key loyalty program, which you know is free. you can earn points everywhere that's growing even in the pandemic

and there's a lot of data there, because most customers still only shop one brand. so imagine if we get them to shop multiple brands how much more there is there. who else can furnish the whole thing? >> the thing i love was that people have been talking about work from home, but how about study from home. the kids now want an office. the kids that are going to college that aren't going to college want an office and you offer the furniture. >> we saw that coming. you'll see more. >> it's a pleasure to see you. it is the toughest time, but you've navigated it, you're well ahead of every other retailer in terms of percentage of e-commerce, and it's just an exciting place to shop great to see you

the stock shouldn't have been down, but it was up so, so much. i've got to tell you, when you look at retailers that understand the new world and ceos who understand the new world, you just saw the best one. stay with cramer as a caricature artist, i appreciate what makes each person unique. that's why i like liberty mutual. they get that no two people are alike and customize your car insurance so you only pay for what you need. almost done. what do you think? i don't see it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ - we did it!c) (crowd cheering)

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when it comes to earnings, the headlines don't tell you anything consider the case of splunk, one of our original cloud kings, last night, splunk reported a weaker than expected quarter, inline lost, but the analysts upgraded the stock why? because when you drill down, a lot to like here spunk is in the middle of a

transition they have an increased emphasis on recurring revenue rather than one off sales. we saw this with adoby it's almost always a bumpy ride, because it's expensive in trading short-term revenue in terms oh of that transition, we got some good news. cloud recurring revenue spiked almost 90% that's why the stock rallied 130% from its march lows i think it might have gone higher today if not for a rotation out of the cloud plays. i think that reverses tomorrow don't take it from me. let's check in with the president and ceo of splunk, to get a better sense of the quarter. welcome back to "mad money." >> thank you, jim. so good to be back on the show i just wish it was in person >> me, too you always come with such joy and energy we'll try to do it remotely. we've been seeing a lot of

school districts have to go remote they really are about education. they're not about technology so when the third largest school district in this country has to go remote, they call you why? >> it has been an absolute honor to partner with so many educational institutions, including higher education across the country it's been a key sector of ours for years. and to see what they've had to deal with over the past five or six months, it's unimaginable what they have to do with the students and teachers to go online overnight and not miss a beat it's hard for any organization school districts are off thin on the i.t. support so to partner with chicago public schools, to make that pivot in spring and then ensure that they're prepared for whatever comes their way in the fall full remote, partial remote, god willing we'll be able to get

back to school at some point in time but they turned to us to make sure the connections are secure, that there are no breaches, and that the fidelity and delivery occurs it's interesting, you can also start to look into things like learning efficacy of the students and professor capability on delivery so it becomes a very 360 view of the student and teacher experience that helps these educational institutions >> so it's possible that the pandemic is going to produce a better way to teach kids, because we have analytics that you are able to distill and figure out >> absolutely. as negative and crazy as these months are there is so much opportunity being created to reimagine businesses in ways that we played with forever. remote learning, not new telemedicine, not new. remote work, not new change is not a natural behavior for most humans.

and there is so much benefit that we can get by celebrating these trends and mixing them with the world that we need to >> one of the things i loved about splunk is you're not just a company that does analysis, you also do, as you mentioned, cybersecurity. and this move to the cloud we obviously love i saw that you represent one of the best health care systems of the world. yale new haven health. i'm saying i know yale, they're doing studies right now. and they're doing proprietary things i know one of the onies they're doing so well, rapid testing for covid. ky see how their stuff could be easily stolen by other countries, and they've hired splunk to make sure that doesn't happen >> the interesting thing about yale, they actually got their taste of splunk that got them excited with our remote work package. it's a package that we developed in days, we had to move our

entire employee base remote in march. and we put it online so what does this look like as far as delivering high quality education, communications when we're all remote and then because of that communication, security, as well in the illinois system, we're helping them directly with some of this incredible testing work and therapy work that they're doing. the analytics for that project, as well as the security and i.t. resiliency so it's really an astounding capability of the company. >> i love it when institutions of higher learning and health choose you, they need help one of the smartest guys we had on our show are the -- they chose you. in other words, people who understand software better than anybody still said we've got to use splunk how did you get that account >> they are an incredible company and have been a customer

for a long time period and have gone through the cloud transition there's a lot we've been learning they've been using us for cybersecurity for at least five years now, and are a massive users. the big expansion was, the interrogation and assurance delivery of their cloud solutions, and the move into observability. how do you help developers, and now are working with an environment that is not static, it is completely ephemeral they still need super high fidelity in understanding did i do a good code push? did something blow up? where did it blow up and now you have that data you have to stream on a consistent basis, and never lose a bit. and interrogate and pull out every single metric without any sampling we were the only solution in the world that could handle the scale, volume, and capability that someone is demanding.

and you'll see that across other leading edge organizations the top web properties, the top detailors, all are turning to splunk, because we are there with their development teams to make sure this critical code, that it's high quality and secure >> look, you have done a fabulous job and now that you're about -- going to be switching to more cloud, people will realize, holy cow, the numbers are much stronger i think you're doing terrific, doug you're in a tough environment, great numbers. good to see you, sir >> thank you, jim. great to be on the show. >> that's the president and ceo of splunk. stocks should have been up today. and i bet it will be up tomorrow "mad money" is back after the break.

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it is time it's time for the lightning round. [ indiscernible and then the lightning round is over are you ready, skedaddy. time for the lightning round let's start with jeff in massachusetts. jeff >> caller: hey, jim, how are you doing today? >> i'm doing well, how are you >> caller: doing well. quick shoutout to uncle dave on the cape my question is generac holdings. >> it's up huge, but the power grid is failing so bad that they're the answer

everybody has one. tom in pennsylvania, tom >> caller: hey, jim. boo-yah from indiana, p.a. >> i know that area well what's going on? good hunting >> caller: christmas tree capital of the world >> that's right. what's up? >> caller: home of jimmy stewart. birthplace i'm calling about energy transfer >> no, no. that balance sheet is from hell. look, no, no i don't know how he touches that balance sheet. stick with the christmas trees mark in wisconsin, mark. >> caller: jim, the company i got for you, their ceo is rob roy. they claim to have over 500 patents, either registered or pending that gives his company a proprietary edge the ticker symbol is swch.

the same is switch >> and it's good >> caller: i appreciate your thoughts >> it's good they didn't blow the numbers away, but it's a good, steady business i was going to counter with the one that dave cody runs. but i like yours let's go to david in california. david? >> caller: mr. cramer, from one attorney to another, it's an honor and pleasure, sir. >> one day i may have to practice i've got someone in my neighborhood giving me a hard time what's up? >> caller: you don't deserve that >> no kidding. they're bleeding me dry. never mind i'm jimmy chill. what's up? >> caller: if you ever need my help, you know where to reach me i've had a group of stocks that i really enjoy success with amazon yesterday. fortunately i picked up salesforce and johnson and johnson and lowe's but at the end of july, i picked

up 17, and it's just been a disaster >> no, no. come on, he's pretty good. it's a political year. all those stocks, united health has cooled off, and cvs owns that, and that's been a disaster so let's just give michael a little more time he has a suit coming up, the supreme court will make a decision you have the election. i think michael's good to go don't leave that one thank you for the end ways ellen in florida, ellen. >> caller: hi, jim thank you for the action alerts plus >> thank you what's up? >> caller: i'm calling about cisco systems. i've had it for years. cost base at 16. i heard you call it one of the dogs of the dow. still your position or hold on >> yeah, look, it's just not their moment

but trump came on, and told a story that says t's not going to be instant. you've got that good yield and balance sheet. i think you're fine. and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade this piece is talking to me. yeah? so what do you see? i see an unbelievable opportunity. i see best-in-class platforms and education. i see award-winning service, and a trade desk full of experts, available to answer your toughest questions. and i see it

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the president sets the agenda for fighting covid-19, and for months, that agenda had one item, it's the vaccine the white house never cared for masks, too wimpy social distancing, too disruptive we had operation warp speed with the goal of getting people immunized as fast as possible. today, the president is embracing massive testing, the way it should be earlier today, president trump announced that we're buying 150 million from abbott. what makes this important? it will be months before we get

a vaccine. until we got there, we need something that stops the spread and rapid testing makes that up easier we have that, too. so thank you, abbott labs. i've been pushing for all these boring mitigation measures i've been a demon for testing, because we can't stop this testing unless we know who has it testing has been a total joke in this country >> boo >> the problem is the turn around time. we're doing more than 500,000 tests a day, but few of them matter because it tooks too darn long to process the results. we put our faith in the lab industry, and the two chains have been overwhelmed since day one. there's not much point getting tested if it takes a week to get the result which is why i'm so excited about this new test from abbott.

15-minute tests that you can buy from a clinic in a couple of weeks. by october, abbott plans to be making 50 million of these test kits per month they can make millions of them you have a light-nosed swab, not that sharp jab with 12 pekdseco. that test that tells you in 15 minutes if you have it it gets better there's an app from the apple store that takes your test results, puts them in the cell foed with a qr code. you take the test, it costs $5 if it comes up negative, that qr code can get you into a game, a flight, a concert. i've downloaded the darn thing in preparation for my own testing. we're in control now, not the labs think of the out how much better? and that's why abbott stock was

up 8% today. people can't believe we have a breakthrough on our hands. they'll assume it's all hype i think that's too cynical and wrong. until we get a vaccine, we need a combined arms approach to covid. that means rapid testing so that people can self-quarantine that are sick this new test may not be a silver bullet, but it's a powerful new weapon in our arsenal. this is not mad public health, it's "mad money. so don't overthink things. abbott has more room to run. this will go global quickly, and there aren't many factors, and they have an amazing diabetes franchise. they have a powerful new franchise on top of the diabetes franchise that's not baked into the numbers. and there's more capitalization. so i say you should buy abbott stock, and be glad the president is approaching testing with the same attitude he's had to all

those elusive vaccine candidates jaden in michigan, jaden >> caller: jim, it's ryan, jaden's father he's 11 years old and watches your show every single day here's jaden >> boo-yah, jim, thanks for taking my call >> jaden, what's going on? >> caller: i've been trading since march with my dad, and i watch your show when the ceo of they arapeutics was on i bought it at $8 and went up to $19 and pulled back. what is your thoughts on serento therapeutics >> did you take any off the table when it doubled? he didn't take any off the table. that's why i say you have to ring that register when you get those moves. now they're up against abbott. while they're doing a lot of good things, away from abbott, there's nobody that will touch abbott's instant rapid test.

abbott's too big and too powerful and too good. but that's great you're 11 years old. maybe he's got the next f.a.n.g. lined up the agenda has changed when it comes to covid, at least the approach to testing has changed, too buy the stock of abbott labs, up 8% and stick with cramer. some see a grilled cheese sandwich and ask, "why?" i see a new kitchen with a grill and ask, "why not?" i really need to start adding "less to cart" and "more to savings." sitting on this couch so long made me

want to make some changes... starting with this couch. yeah, i need a house with a different view. and this is the bank that will help you do it all. because at u.s. bank, our people are dedicated to turning your new inspiration into your next pursuit.

sometimes you get an opportunity, and it's just kind of curious that it even comes your way williams-sonoma had an amazing quarter. the stock shouldn't have been down, but it's up so much. opportunity. splup splunk, amazing opportunity i think both of those companies are fantastic. retail and cloud hp, very good for income and workday, it's up 30 the last i looked i like to say there's always a bull market somewhere and i promise to find it for you here on "mad money. i'm jim cramer and i'll see you next time hark "

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