for free it should trade much, much higher. >> guy adami >> i love jimmy choo their shoes are very narrow. for those of you out there with wide feet, i would avoid the jimmy choos. >> not going to k ashow you know that. >> i would 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'll cramer. welcome to "mad money. welcome to cramerica other people want to make friends. my job is not just to entertain but educate and teach. tweet or email me. bounce, oh my, a big one after a brutal decline it seems that once the sellers

ran out of ammo, no more stock left to sell the buyers ran right back in dow surging 440 points, s&p pulled 2.01% nasdaq soaring 2.71% so how do we explain this incredible rebound as the averages gave up gains after trading? it's easy enough to argue things are better than we think and that's definitely a part of it not the whole thing. it doesn't explain the broad base of the rally. we had a dramatic decline in tech late last week and yesterday and the same stocks roared higher today. no surprise. last night i told you the sell offs tend to last three days and tech bounces back. that's exactly what happened what shocked me, though, the incredible buying in the industrial industrials, retailers and railroads. the last being really surprising in other words, we had a rally in both the covid stocks and recovery stocks when nearly

everything goes up, you'll hear people it's the fed or people betting ochon a stimulus package those explanations miss the mark how do we figure out the driver? first, let's go over what we know for sure. there is a semi conductor company. you may not know it. its name is qurvo with a ton of exposure to wi-fi, the enter anytime of things and smart phones, 5 g. last night in a quiet moment the people weren't thinking about qurov with better than expected numbers and the portfolio was broad that it caused a ton of positive pin action. strike what comes to mind well, think the other cell phone chip makers that have been the leaders of this market sky works solutions, nxp how about qualcomm we know them as the king of cell phones think about the industrial chip

makers and texas instruments and analog devices telling a good story. you can extrapolate two cramer favs amd and invidia the latter is also in the conversation, and it's not because it's just a dog. those are the two most semi important semi conductor company in the market if you ask me, not to mention broad com they had the misfortune of reporting when it wasn't around. these are action alerts names. that's a 5 g play and that delivered a huge quarter that fell through the cracks during the sell off i wasn't here. i was busy in the tomato plants. what can i do? i got locked out of the house. the pin action doesn't stop here you have to consider the end markets. if quarvo is moving lots of chips, can't we presume cell phones around the world must be in good shape? bearish analysts have mauled

apple. they have been all over it with sales and not as good as it used to be. guess what wait until you wake up tomorrow and you'll see so many people bull and apple because quarvo gave it a reason to rebound. two analysts gave it a stand ad adobe before reports next week two, two analysts pounding the table? just days before the quarter i call that a green light. adobe is about digitalization. if you think they will have a good quarter, you can buy service now. you can buy sales force and shopify. third thing we know, morgan stanley published an enlightening piece about microsoft titled solid returns in times of uncertainty. it was a big call where they predicted the dividend boost normally nobody would give dividend boost wait a second, we're not in normal time. we're getting dividend suspensions left and right so possible hike from one of the largest companies on earth is

reassuring makes you feel like some of the tech stocks might not be too expensive. put it together. we had a very good reason for a huge swath of tech to rally and at that point, it takes up the whole sec tar. a sector now big enough to take up, yes, the whole market. people start circling back to ones that report tremendous quarters that people said something must be wrong because the stocks went down but there wasn't i'm talking about things like zoom and crowd strike. this morning i had a conversation with david on squawk on the street and said zoom stock is down 30% that's something i can buy there is a little laughter back and forth but zoom rallies 38 points simply too big a discount for something that took the economy by storm crowd strike and cybersecurity business is on fire because remote work makes businesses much easier to hack. they are the one and two biggest beats of the entire year so far. speaking of last night's show. we heard from the cfo of twitter. i don't know why people didn't pay attention to it.

he said business held up during the month of august and the number of user kps ploid ers ex. good news for facebook, snap, pin try pinterest. the final nail in the coffin came from the business section, tech stocks lead nosedive that said maybe these big name tech stocks ran up too far too fast making them dangerous to own when you see a sell off on a prominent part, that tells you frankly it's a little counter n intuitive but maybe the move ran its course you don't need the paper telling you the records are dangerous after they experienced the fastest 10% decline in history the tech sellers exhausted themselves from the last three sessions they did indeed have, seemed like not enough stock left to sell and allowed buyers to take over without too much fear the tech rally is easy to get your head around this isn't just a tech rally

we had fabulous moves in the industrials and retailers. i couldn't find a soul who could explain why caterpillar soared to a new high today. energy doing badly in china and energy is light. beats me maybe an upgrade tomorrow. the rails were insane today. why? we got research fedex could be the numbers and real strength in china. mainly, i think the market was predicting a positive catalyst for the rails and that's what we got after the close. when we learned that kansas city southern shot down a $20 billion takeover bid from a group of private equity firms home depot, lowes, costco, target, covid cases seem to be plummeting back to many months ago level as a huge chunk of the state is on fire interest rates remain low. i can do that. d.r. horton is on good news but maybe high quality news had a great labor day weekend. clearly the market is anticipating something real because r.h. just reported a

blowout. we will talk to that ceo on tomorrow's mad money in the stock soaring after the close. honestly, it is frustrating after so many years of being in this business to see many winners without being able to pin down exactly what is driving them we have plenty of people betting big the economy will come back big. but we all have just as many people that think covi did, is ma making a comeback. the main take away the s&p 500 got hit with a tremendous amount of selling and whoever did that stopped. maybe we're dealing with a scared hedge fund. tons of those. how about a firm margined to the hilton and imploded. once the selling stops, the buyers did what they've been doing for months sometimes the only legitimate explanation for what is happening is there is no more stock to go. you can't pin the tail on every donkey often it comes to sellers being exhausted or big money managers that need to lock in gains or a big buyer getting cashiered. perhaps soft bank rumored to

purchase, once that bet was unwound, the selling pressure vanished maybe it doesn't matter. here is the bottom line. tomorrow expect the apple bulls to resurface, the zoom accolades to speak up and semi conductors to raise numbers the restoration hardware to boost numbers and the ksu chatter bingo. sooner or later we'll figure out what is driving the retailers and the railroads, i think what i just said. we might get an explanation for the puzzling run in caterpillar. until then, though, we don't really know what this rebound is made of or if it has staying power. now let's just see what awaits us s suzette in illinois. >> caller: boo-yah how are you today? >> good, good, thank you for calling. what is going on >> caller: i have a question about slack. i have been hearing about it for the past year and i just bought some shares last week. the drop since then, do you

think i should hold on or let it go >> well, i didn't like the quarter. they did talk about how there were actual macro issues, there are people being laid off. there are people who not as many companies buying as new seats in slack. i couldn't come up with a thesis why to own it, frankly i don't have a thesis. let's go to brandon in new jersey, brandon. >> caller: boo-yah, jim. >> boo-yah >> caller: owning your stocks going into the annual tomorrow, they cut their treadmill by $1800, three exercises spinning. they will end up selling the trade that will open the flood gates for everyone and probably going to revise the s 1 estimates. >> i think all those things are true it would not surprise me if the stock went up even more. my issue, of course, we're not early to peloton but i think all the things you said will come true we've done a lot of work more work than i've done let's go to adam in new york, adam >> jimmy chill, how are you

doing? >> the chill man is in the house. what's going on? >> caller: love it got a question about a stock that ipoed this year recently ran up 29-90 pretty quick. i bought some at 57 and then again yesterday at 47. took a little bump today the stock is lemonade. what do you think? >> we like that company. we did a major takeout on it saying there are ways to be able to -- a very alga rhythm insurance company. why not? everything else is digtized. i would never call them lemonade are they owned by conagra? >> it's frustrating to see so many winners without being able to pin the tail on what is doing it nobody knew, if i didn't know, nobody did maybe we find out more reasons tomorrow let's see if it has staying power. how is the beauty business changing due to the pandemic i'm talking to ulta's ceo to

find out and september is getting off to a rough start but a september to remember this time around. i'm going off the charts to find out and if today was the day the market stabilized, why did shares lag behind the tech group? i'll talk to the ceo so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question, email to madmoney@cnbc.com or 800-743-cnbc miss something head to madmoney.cnbc.com. incomparable design

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. we're at a crossroads here if you think we can return to normalcy without covid getting out of control, you need exposure to the regular economy plays. i don't know whether or not we can pull that off, which is why i'm always recommending a barbell portfolio, some stay at home stocks and some recovering names. we spent a lot of time on the stay at home winners but what about the return to normalcy winners? look at aulta beauty. they reported a massive earnings

beat they doubled from the marge lows the stock is down roughly $70 from the february highs because you don't need a lot of makeup when you're stuck inside but if you can go out again, that's a different story let's check in with the bankable ceo to get a clear read on the quarter and how her company is handling this very volatile period welcome back to "mad money". >> hey, thank you. thanks for having me back, jim. >> i got to tell you, i was fooling around today i was doing some skin analysis i dropped $205 because it was the coolest app and i didn't have to talk to anybody or be embarrassed i'm a guy or whatever you have a rocking .com. a rocking digital experience it looks like it's pulling its weight here. >> yeah, well, thank you for trying it out. i'm very proud of the fact that on ulta.com and the app you can tap into the tool that sounds like a great experience with we launched this prepandemic, but i'll tell you i'll really

glad we're investing in digital. this uses a combination of a.r. and a.i. to make personalized recommendations and there you go. >> it's funny. i have to wear as mask everywhere and i'm proud of that i have the same skin i had when i was 14 i have pimples i have different two tone and the skin analysis did do everything and i want to tell you that this is what we all need millions of people wearing masks and you're afraid to go to a store. i thought this was better than a real person talking to me. i'm sorry, that's how i felt. >> there is no substitute for the real human experience, as well i'm really happy you tried to skin analysis tool this is about the future of retail for ulta is the center for the physical, emotional you sound emotional with what you described. >> i know when the stores open, you have people that are passionate and they do need people who can guide them because makeup is not inexpensive and you have to look

your best. do you find there isn't -- you talked about this on the conference call. there is not a lot of places to go, mary sometimes i feel like i want to look good for myself. >> well, here is what we learned during the time that people have been working from home more than before certainly, skin care routines, people had a lot of time like you to discover and try new products and expand on rituals but most of us if we work from home are on video all the time, which i think actually requires for many of us to try to pull ourselves together and look our best and so while certainly we're wearing masks a lot, you see a lot of innovation happening on looks around eyes and lashes and eye shadow. there is a ripple as well as skin care, i said skin care but free fragrance and bath. >> your friend from estee lauder, you have to stop calling it the selfie generation

it's the zoom generation we don't look that good on zoom. if i went to an ulta store and said i look terrible on zoom, could they help me >> i'm sure we could help you both on our app as well as in stores it's a combination of your hair, your makeup, if you wear it as well as your lighting. we can help you with that. >> you did furlough a lot of people and brought a lot of people back. you closed some stores that were under performers you've always been very rigorous about that that is nothing new. what's it like when people come in you have a salon i know business is okay. but i'm not sure i would -- i haven't gotten my haircut by someone other than myself since the pandemic are people feeling comfortable now having an ultra beauty specialist help them >> yeah, we worked really hard to have our shopping experience be as safe as possible so, you know, we had to close our stores but we've been open since july, and we're seeing

people come back our total demand i talked about this on the call, i'm pleased about the signals i'm seeing certainly, it took time for stores to ramp up but in the last month or so, we've only been down mid single digit that doesn't sound great to say down but that's better than we thought it could be at this point but we're cautious what the second half of the year looks like guests are coming back making fewer trips but spending more on a trip and certainly using our capabilities online, curb side pickup, buy online and pick up in store folks are coming back and using service, our hair and brow services are available people are very booked we're excited to have folks back but we're using really great safety procedures to make sure this is safe and mask wearing is where it's at. >> how are the sales you've got ten more days left of your special that everyone loves. i saw some 50% off of some mac names that are expensive are people coming to it as they

used to or is it even bigger >> yeah, well, this is our 21 days of beauty event that's loved by beauty enthusiasts all over the country it's happening now it's something that's a beauty event. >> my daughter said look, i don't need to go to sephoria an i appealed to her she's a vegan. ulta figured out what vegans want, this is a big push for you. >> we know our guests know about choices they make and categories and health and wellness and values we have announced a lunch of conscious beauty at ulta beauty and certified brands across five key pillars. the idea is to make it simple to navigate, educate, simply because not one size fits all. some folks care about clean

ingredients, some care about vegan ingredients. we're working with partners. we've been selling plenty of clean brands for some period of time but this helps to make it easier. >> one last question, the old days we thought about the lipstick index people in a recession tend to buy more lipstick but in an era of masks, what should we think about? a moisturizer index? what should we switch to >> masks versus skin masks skin care we came into the year knowing this would be an important event and it's proven to be more important 80% of beauty entheusiasts ed have time. we're the leaders in makeup and if you're on a video call outside with a mask on, you have opportunities to highlight your eyes, your brows, your

personality. whether it's those things as well as taking a nice luxurious bath which folks have more time to do. >> i got to tell you, it's how you feel well about yourself that's what you have to do, men and women alike. your company is making a serious comeback like every company non-essential had to close and i think that the website is just unbelievable mary dillon, ceo of aulta beaut. >> appreciate it. >> of course. >> "mad money" is back after the break. we got no free pass.

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every curve, every innovation, every feeling. a product of mastery. lease the 2020 es 350 for $359 a month for 36 months. experience amazing at your lexus dealer. historically speaking, september is not a great month for the stock market this year it's off to a rough start until today. and today was pretty great after an incredible bull run we slammed head first into a concrete retaining wall last week and yesterday and the averages, the nasdaq getting put through the meat grinder

the market seems to be stabilizing, what is coming up next at moments like these, i like to take out our emotions, just say listen, we're going to handle this with a clear head panic is not a strategy. unearned confidence is not a stro strategy we need a more quantitative approach we need help with the brilliant technician who is the founder of trading and author of a new book, trading commodity options with creativity and that just came out based on the recent action, garner is actually less than thrilled with this market. i was hoping she didn't feel this way but it emotionless. september is in line with seasonal patterns but she's noticed a few things to suggest we could be in for a bumpy ride. that doesn't mean repeat garner could easily imagine some short term upside in the s&p 500 as it plays catchup with the nasdaq 100 but the higher the s&p goes from here the more she's going to be worried. what makes her so concerned?

look at this monthly chart of the s&p and nasdaq so far this year the nasdaq 100 outperformed the other major averages because it's tech heavy index and the biggest winners are technology companies that enable the stay at home economy to thrive as we talk about that all the time didn't get hit as hard during the covid crash and came roaring back with a vengeance. it got pulverized and took longer for highs the black nasdaq and hanging in there and held back because it has banking in it and got the drugs that aren't doing that well and yes, energy in general, it was more ordinarily initially on the way down but the s&p is more ordinarily on the way up it broke down the december 2018 low in march as the nas held above the levels, remember that period boy. once we got rolling it broke through the trend line dating back to 2017 this past yjuly they tested similar rezsilience

and broke down factoring the performance over the past week, which is why garner thinks this market is dominated by momentum and fear of missing out. short term the s&p could have more room to play catchup as long as it continues to hold above the floor of support near 3280 like it did last night. longer term she's less confident. why? why don't we seem in on the weekly chart of the nasdaq 100 okay when the nsa blew through the trend line this july, the relevance index for short, always put that at the bottom is important momentum it started diverging from the price action while the nasdaq 100 was surging, okay, to new highs, garner points out the rsi failed to make a new high. it should have gone up all right? that's what a technician wanted

to see that was the first time something is not quite right we showed an incredible run but vulnerable to a horrible correction, the one that started last week. check out the weekly chart of the s&p 500, which is really focused on that's a better gauge. specifically these are the e mini s&p 500 futures when you look at the s&p, we see a more pronounced diverging. peaked at 72 before the s&p rolled over in february topping out at under 3400. last week, though, the s&p surged to nearly 3600, and the relative strength index again couldn't break out above 67. remember, i told you that it's got to go up to confirm. according to garner, this action the rsi is a sign of froth and you know many people felt we got very frothy last week. if you look back to 2018, the rsi climbed to 92 before it got hit with a brutal correction

that was awful by september the index made up those losses but the rsi stood at 69. what happened? fed chief jay powell decided to destroy the economy in order to save it from the threat of non-exi non-existing inflation when they can't break out, that's a warning sign. it makes her wonder if we're pulling forward gains we have to spend months digesting like we did in 2018 and 2019 we don't want to be on the receiving side of that all that said, garner believes the s&p 500 has more room to run. as long as it holds at 3280, she thinks there is a 75% chance the s&p will make another run at all-time highs that might be the last leg higher as the index has a significant ceiling of resistance near 3660 right here and another one at 3770. she doesn't think they can get

through that maybe that last leg would be worth chasing. a lot of you want to get in there and get that i don't blame you. there is one problem what happens if the s&p breaks down at 3280 we can see here on the chart? it almost did that last night. what happens if it makes a new high and fails to jump the hurdle at 3660 in that case garner expects a fast and furious correction. how low could it go? her first downside target for the s&p is around 3185 that's a pivotal level, by the way. that's acted as the ceiling and floor of the past. go to 3050 and then boom worst case 2750 on the other hand, the s&p can surge to new highs, all right. 75% chance we can go higher and bus through the 3700 level like the kool-aid man we would be looking at a much more bullish scenario taking us to 4,000. garner thinks that's the very unlikely, at least not 2020. so in other words, she thinks this one is less likely right

here than this one and that's what i care about. bottom line, when you put it together, the charts by carly garner suggest you have to be more cautious. garner is betting that the s&p 500 could give one last gas followed by a sell off that would be par for the course for the hideous month of september and what it says to me is you don't want to be there if we go much higher. all right. let's go to michael in georgia, please, michael. >> caller: hi, jim, this is a two-part question. i've been wanting to start a position in octa do i buy now, if not, what others do you like in this space? >> first, we just had crowd strike on yesterday. that reported a remarkable quarter, second best beat after zoom and palo alto and been doing incredible things. okta does identity management but it is the most expensive

stock i follow followed by another one i follow you have to trade carefully. i think okta you can put in your stock. you can put some of it in okta but not all of it. david in kentucky, david >> caller: hey, jim, this is david from kentucky. i need a bit of your expertise. >> sure. >> caller: here is the deal. i've been a buyer of nokia in june and july the stock was around $5. in august they had a better than expected earnings call and a new ceo. every time for the past month, any time any good news has been released, the stocks went down like for the past month, it's lost a dollar. >> right. >> caller: that new exclusive deal with china for the grid they've got 43 exclusive 5 g network deals and at&t and t-mobile in the united states. and the only thing they really had negative over the past month was actually yesterday which was the samsung deal with verizon but samsung ceo or somebody with

samsung got busted with some shenanigans. >> david, david, that samsung deal with verizon was huge and i regarded that as a nail in the coffin for nokia that was amazing one of the reasons why i like marvel technology. you can see how well that's done that's a gauge of samsung. so i've got to say no to nokia i wish the stock would do a reverse split if it was at $40, believe me, very few people would buy it but at $4, too much traction gravitational pull by people who think hey, what can go wrong i want you to brace yourself the chart suggests we're do for a savige sell off after we ink up here and the risk reward isn't that great what can i say much more "mad money" ahead with one of the most expensive stocks in the market. but they do make money and they got a lot of cash flow is it worth considering the company here i'll talk with the ceo and why

diversification is key when it comes to the upheaval in the market and why you shouldn't listen to big hedge fund managers who don't suggest diversification as opposed to get out now. all your calls, rapid fire in tonight's edition of the lightning round so stay with cramer stay restless with the icon that does the same. the rx, crafted by lexus. lease the 2020 rx 350 for $409 a month for 36 months. experience amazing at your lexus dealer. experience amazing t-mobile's new offer on iphone 11 pro is even better on our most powerful signal. switch and get two new lines of unlimited for only $90 and 2 iphone 11 pro's on us. only at t-mobile.

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on a day the hard hit stocks are rebounding, a cloud that plummeted 6% to the lowest level since mid june it's a software company that helps business identify cost saving and spending. they bill themselves as salesforce.com last night the company reported a phenomenal quarter, nice revenue beat and massive earns

and strong cash flow numbers that's what i like if the results were good and the stock pulled back hard, what's the matter coup raise the it. i'm betting that's the case you buy it, under promise and over deliver since they can help businesses tighten belts in a difficult environment and care about making a profit. don't take it from me. the chairman and ceo of coup software that published the second book. welcome back to "mad money". >> great to be with you again, jim. >> i've got to tell you, when i look over the number, you can find doubters there are analysts to me you're committed as ever to incredible growth, huge cash flow, profitability and not just about trying to shoot the lights out in revenue and lose as much as possible. >> that's absolutely right look, jim, we're really pleased with the quarter it's another quarter of really record results across all the key met tricrics remeasure

greater efficiency in terms of times and we cut that by a month being able to do implantations virtually. i think one of the most exciting things about the quarter is the pipeline and conversations that we're having with our customers. you know, companies out there, i'm sure it's no surprise, you're dealing with supply chain disruptions, dealing with supplier risk. they're wondering if the supplier is going to be in business tomorrow. going from single sourcing to multi sourcing in a lot of key categories and renegotiating and reprioritizing and we're at the epicenter trying to help them get into a digital world of collaboration with suppliers so they can manage their business spending in more optimal ways. >> let's talk about that you're really talking about something new i had not read about. you're talking about community, not just out there looking at what one spender is doing. 1 .8 trillion has gone through you have the data. nobody else has the data. >> that's right.

nearly $2 trillion was spent running through the platform this is this book that i wrote about smarter together the concept is that none of us is as smart as all of us there is a massive amount of data there is a greater amount of willingness. the data is absorbed and consumed in record time and that's not only applicable in the consumer world your viewers are familiar with google maps from point a to point b through community data implied data, contributed data helps you find the best route. the same applicability is happening in the business world and we're proud to lead the charge we're helping our customers with community intelligence powered value on our platform. >> but one of the things i think people should understand and may think who is doing this, we used to talk many times about proctor and gamble you have a conference call sometimes we wonder how does amazon have the package? how does it get to you so fast

they take advantage of your realtime visibility for the packing materials. >> that's right. not just amazon. it's companies from astrazeneca to bmw to barclays and capital one to barclays. putting their arms around spending, digitalizing it, controlling it this is a huge market early days of bringing people to the digital world. >> we spent a lot of time working and looking at commerce and labor data those are updated once a month i don't know how they get their data i got this business, coup business realtime that shows that things are getting better in the country. >> that's right. we saw an uptick in retail we saw an up tyke tick in finan services and labor and different

methods of rate and shipping since the pan dedemic it and started to rebound and saw significant decreases, greater than 50% decrease in the category of hospitality for example. significant decreases in telecom because people work from home. i invite your viewers to go to spend.index.com. it's a real leading indicator to spend sentiment and it takes into account a lot of leading interesting data how long does it take to approve spend? average spend per employee very powerful. >> if i were not government, i would rather use sheer data than i see. it's just not as up to date. i can't help in the last minute you made an acquisition. it was very separate it was kind of in an outfit. you're integrating with this

acre session a acquisition in one piece, isn't it >> when you go out to spend money, you don't want to leave your wallet at home if you're a consumer if you leave your wallet at home, you bring your phone and electronic payment you want cash on hand and access to funds that they are properly being managed. we're doing the same thing through businesses we're helping them with treasury management, liquidity, all the things that are part and parcel of being a great cfo andenimanag companies. >> i very rarely issue a stock come in. it been one of the best performer. you get an opportunity, you can't start thinking why is it down i think what you say is this is an opportunity rob, ceo of coupa. congratulations. >> thank you so much. >> this is a company stock on sale and you can run from it or say, you know what if i want, as i said at the beginning of the show, something

more speculative and something expensive, could be the neck sales force, think about coupa software "mad money" is back after the break. incomparable design makes it beautiful. state-of-the-art technology makes it brilliant. the visionary lexus nx. lease the 2020 nx 300 for $339 a month for 36 months. experience amazing at your lexus dealer.

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everything we have, we've earned. the unmistakable lexus is. get zero percent financing on the 2020 is 300. experience amazing at your lexus dealer. 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. i'll start with diane in pennsylvania. >> caller: boo-yah from philadelphia. >> okay. >> caller: i'm wondering with

covid testing and cancer treatment and pain management why is sorrento struggling >> thpeople keep saying i love t since the cfo left, that was a call that was to say that's no different from any time that happens i'm like that. that's because it's paid off for me be careful jose in texas, jose? >> caller: jimmy chill boo-yah. >> boo-yah what's up? >> caller: hey, how is it going? i got a question in regards to aci albertsons. >> yes >> caller: as you know, this is the second largest grocery chain in the country they have been reducing billions of dollars in debt month over month. they were around 270% increase in digital sales. >> right. >> caller: typically grocery stores are a great defensive play during the downturn they can defer mortgage. >> you're preaching to the choir. i said people should be buying the stock. so far, not right. so far, i am still willing to

say i'm early. not wrong. you and i are in agreement larry in florida, larry? >> caller: jimmy chill. >> larry. >> caller: so, i've held a small position in this company for awhile and i enjoy the beverage. considering the new found profitability and significant growth prospects, what are your long term thoughts on celius. >> the calorie burning beverages. look, i got to do work on this why? because too often we have been burned by supplements, by -- look at that any kind of herbalife is hard. let's go to noah in alabama. >> caller: boo-yah, dr. cramer first-time caller here. >> good for you. what is going on >> caller: not much. my question is about a company that made my wife and i's first home buying experience easy with

closing costs and more rocket -- there was a guy razzing me on twitter but i was jimmy chill. i wasn't willing to call him a moron. i said it was a buy and the stock went to 29 i said okay, enough is enough. i haven't looked since but it is a good company tom in texas, tom? >> caller: boo-yah, jimmy chill. >> yo. >> caller: hey, thanks for all you do for us young investors. i think a lot of us will be lost without you. >> i want people to stay in. people say oh, he's tracking people he likes the split whatever no, i want my portfolio and willing to be able to make money big in our country how can i help you >> caller: hey, i'm calling about lpsn. >> we've been huge backers we don't understand, every time you call someone and don't get someone, it's a live person. i was on the phone with a live

person yesterday a live person beat as real bern any day of the week. let's go to john in pennsylvania, john >> caller: jimmy, boo-yah. >> interesting name. what's going on? >> caller: how are you doing i wanted to see what you thought about micron now. >> this is the only company that everybody hates. it's like the skunk in the party. i don't know what to say i would not sell that stock. that would be ridiculous i do like invidia better don't forget brr aroadcomm and that's the lightning round. >> announcer: the lightning round is sponsored by t.d. ameritrade you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator. voila!

maybe a couple throw pillows would help. get a strategy gut check from our trade desk. ♪ every curve, every innovation, every feeling. a product of mastery. lease the 2020 es 350 for $359 a month for 36 months. experience amazing at your lexus dealer.

some experts say this market is a total bubble and the whole thing will end in tears. others tell you to buy and hold because over the long haul, stocks only go up. want to own the high flyers and wouldn't touch sleepy stocks over time. frankly, i don't know. this moment is too uncertain that's okay. you don't need a crystal ball to manage your own money. you just need a diversified portfolio. there is a reason i'm always telling you that diversification is the only free lines people joke about as my nickname. we don't know the future at least as well as we would like you have to spread your money around different sectors that work in dernlt evifferent scenas

we warn you this is the most dangerous time in history to invest after four different big shots. we've seen newbies who got in near the bottom that argue you have to buy, buy, buy. they got a rude awakening. they are right back. to succeed in the business, here is something you need. someone i got that, both the bulls and bears want you to go in if they just said be careful and stay diversified so what is diversification look like in the age of covid first and foremost, put money in the cheap index fund that should be your bedrock. i know people criticize me for being all over the map with stocks but what do i always say? index fund after that, though, you can start your stock pick. take it. you're mad money use your mad money you have stocks from different industries that represent reasonable value

i like bristol myers, campbell soup down cheap stock 3% yield and works with covid trading you can film a stock with a high call how about a high quality retail. target, walmart, maybe industrial groupon is down on its luck but i bet it won't stay that way you can own it by the travel trust. we're buying that one aggressively you need to buy it on this year because it could be cheap based on the app years they might back in 2023, 2024, if everything goes right in other words, the bubble stocks, ones we've been fed through the wall street promotion machine or cheered on by the robinhood crowd yesterday for today's 11% rebound. still, i think their business is here to stay same goes for crowd strike we had them on last night. remarkable want something pulling back hard got slammed today. missed quarter

a lot ocho a lot of that weakness is because of the crowding problem. the thing about these stocks that seem expensive every now and then they turn out to be amazon or invid or shopify or sells force. that means their stocks end up looking a lot cheaper in retrospect looks like speculation turns out to be paid those are fine with me as you own one or two of those, remember the point of diversification, trying to spread the risk around finally, you need cash i love cash. if you don't have cash, if you're borrowing money to buy stocks, that is a recipe for disaster don't mess around with margin, please that's why you need cash get a buying opportunity to be able to act. i've been telling you to take some off the table for weeks so that you'll have ammunition to buy stocks in the weakness like we said to do yesterday in the cartable trust we go up big from here and you'll hear me say again, time to lightening up that's my method perfect

of course not. a lot less risky than the permbles i don't want to scare you or make you feel too confident. i want you to know what you own and i want you to stay diversified. we got no free pass.

everything we have, we've earned. the unmistakable lexus is. get zero percent financing on the 2020 is 300. experience amazing at your lexus dealer.

powerful thesis. that's what i tell you to look for. one is the home, rh does a phenomenal number tonight. we have gary freiedman on tomorrow that means nvidia, amd these are big, big themes. then we know that digital is a huge theme you heard from mary dillon people are advertising online, they're not going to print these are the kind of things you should get behind when we go down like we did the last three days there is always a bull market somewhere. i promise to help you find it. i'm jim cramer and i'll see you tomorrow

narrator: it's been 10 years since "shark tank" ignited america's entrepreneurial spirit, and we are still blazing a trail. for those who take their fate into their own hands by working hard... who wants to get naked with the shower toga? narrator: ...by thinking big... simon: zookies cookies are the most delicious treats you have ever had. ...and chasing their dreams. woman: introducing goat yoga. [ goat bleats ] oh, lord. what? narrator: and tonight, alli webb, the founder of the beauty powerhouse the drybar, joins the tank. from being in the hair industry for 20 years, i think there's a good business here. what are your sales? -$40,000 in sales. welcome to "shark tank." we cannot keep products on the shelf. i'm willing to make you an offer. no! captions by vitac --