wing options to cover that. final call, carter >> itb or xhb, short. >>on ty? >> look past 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 to train, educate and teach you. call me or tweet me @jimcramer whatever you do, don't ask this market to make up its mind tech looked incredibly strong from get-go, too strong from the punching and that's what happened with the faux strength

unraveling the dow gained 131 and s&p inched up but tech, yes, the tech heavy nasdaq declined .60%. i say get used to this this kind of volatility is now here to stay i think september is the month this whole new investors who believe that stocks only go up, i think they get a rude awakening. sure, long term stocks do go higher they have. they tend to do so but not long run, we're also dead short term, when they go down, they go down hard. which is why you need some cash on the sidelines cash king to treat these pull backs as buying opportunities and not be afraid. with that in mind, what's the game plan for next week? housing is among the strongest groups thanks to low mortgage rates. that's how lenar could rally 40%. i don't want to hear this gain is fake because the federal reserve is propping up the economy. when you take that money to the

bank, they don't care. in our reports on money and after the close and unfortunately, i think the easy money here is made even though i think it's a fabulous company. let's see what they have to say about the covid induced flight and the terrific things about the stay at home economy i want to know if lenar is turning offices into houses and if potential homeowners want these features remember, i'm actually looking for home builders putting two offices in homes the drug stocks have been horrendous because they are an easy political target for both parties and because they are recession stocks where the economy isn't receiving, it's accelerating everybody is focused on the race for a covid vaccine in the broader economy but really doesn't matter much in the pharmaceutical industry as much as we like to think it does. there is no way anybody makes big money off a vaccine. when it comes to big pharma, i

care about blockbusters and that's why we pay close attention to when pfizer holds a meeting on monday. vaccine news and back down to 35 we might hear amazing things from the company and slow to produce new drugs. tuesday we hear from two of my absolute favorite company. fedex and adobe. fedex can talk christmas surcharge and overseas strength including china. i bet they will be ready for the holidays i'm so confident about this one, if it rallies too much, switch directions and take the pin action and go buy some united parcel because i think the pin action is going to be incredibly strong as for adobe, they are crucial e commerce helping individuals and small businesses operate at a time brick and mortar doesn't work no fewer than five analysts have boosted numbers or upgraded this company in the last five days.

i'm betting adobe could have a great year in 2021 raises, raises the outlook look, at the end of the day fedex and adobe are essential. adobe makes it easier to sell stuff online you don't need to be a rocket scientist to figure that out also, on tuesday when we haven't talked about enough, although, i'd say that in my twitter file people say i never talk about it that's not true. camping world holds the virtual analyst day and this stock has gone from hero to zero back to hero again there is a round trip. it goes higher after ceo marcus, you might know him from the profit how amazingly positive the pandemic has been for the camping business and this age of social distancing, camping is arguably the safest way to take a vacation camping world has to be crushing it they have to be selling tons i wonder if they will talk about guns hit them or like them, demand is off the chart. can they say the kraft heinz

the old brand came back to life but now the pantry is stocked and we have to wonder whether kraft heinz is seeing continue strength like b and g foods and campbell soup. we'll find out if their virtual analyst meeting on tuesday oscar myer when you thought you heard enough about peloton after last night's quarter, they are holding an analyst meeting, too. you can't get enough of these guys promising new equipment may be an echo system as long as gyms are closed, peloton should sell lots of exercise equipment. this had a spike and a 14-point collapse in 24 hours, not reawe su -- reassuring jay powell speaks on wednesday and usually they like what he has to say powell doesn't go out of his way to be like that. i think he'll urge congress to

pass a bailout and broker a deal between democrats and e are p republicans. you want to know a great thing about the market i keep wondering why the heck the stock of hermann miller, the maker of stylish office chairs has been plflat lined for month. everything is connected and on fire not only does hermann miller make my favorite air but it has all sweet and gorgeous furniture under the reach name plate this is far from cheap and neither is rh. can hermann miller when it reports wednesday after the close? i think it says mostly unlikely but maybe their stuff is too expensive for your typical home office could be a trade next up, moderna i'd love to hear what else they have in the pipeline besides the covid-19 franchise maybe we'll get an update how the big vaccine franchise is going. i wanted to join the trial but the incident with as tra sevtras

giving me cold feet. there is a reason they need to test this stuff. mosaic says anything good about farmers, that should immediately translate into even more buying and the stock of john deere, which has been an incredible performer. why do you have to buy all the ring centrals in the world and buy deer and cat the bottom line, look, i know it's not huge news week but this market is badly in need of a stimulus package and the next move hinges on whether or not congress can get its act together to pass something an event the market needs to break out of the drums you know what we're going to do tonight? start with a video caller. pete in new york, pete >> caller: hey, jimmy chill. how are you? it's pete here in new york time to go back to school. but who is going back to school? call letter chgg online textbook, online study, what's

your feeling >> reporter: we recommended it at $3. it happens to be a big eagles fannin the less. a tight end who seems to be unhappy with our team. here is what i have to say he had a huge move justifiably but pulled back really big. i would put on a half position that would be people that say it's head and shoulder and hold the trend line kevin in idaho kevin. >> caller: mr. cramer, it's an honor. >> same. >> caller: i'm calling today to extend to you and your staff a huge boise state boo-yah. >> my wife looks at the covid states, idaho refuge, maine, refuge go ahead. >> thanks again. my question today is on nvcr

i bought the stock in late 2016 or so on your recommendation as a speck play around $9 today it's trading at about 89 treating field therapy is very successful and gio blastoma and having the same success in phase three trials with brain cysts, small cell lung cancer, pancreatic cancer and ovarian cancer. >> look, as you know, i recommend the stock when it was incredibly low because of a late friend of mine that managed to live far longer than anyone thought he could because of novacure i've done a lot of work on it. most recently, it's still a great place to be. i need to go to suneal in north carolina. >> caller: jim, a big boo-yah. thank you for all that you teach. >> you're very kind.

thank you. it is a teaching show. let's not forget that. it's a teaching show these people on twitter who wanted to be something else, go to another program let's go >> caller: all right, jim. so recently you have been suggesting to take occasional profits. >> yes. >> caller: is apple an exception since you always say own it, don't trade? thank you. >> there were no exceptions. for my travel trust, i don't like this market i didn't think about what the stocks were. i just said, i told jeff marks i want every single tech stock i own reduced. i did not even want to look at the names. we had too many of them and i didn't care what they were and yes, in that case therefore apple which we've owned. it's not a fall on apple. >> another stimulus package, the

fact that everything is in the balance for the next, say, 5 million people will be laid off or not on "mad money" tonight, i'm bursting the bubble of the fed bubble talk and offering an ipo perimeter to prepare you for the school of companies snow flake and ricola -- sorry, nikola stock tumbled today as it refuted. i'm looking at both sides of the argument you got to do the quote signs. if you look at a recap on print, you didn't see these and, you know, that kind of thing anyway, 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 cnbc.com or give us a call at 1800-743-cnbc. miss something head to madmoney.cnbc.com. incomparable design

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we keep hearing the federal reserve created a bubble in stocks i don't know what to do with this rhetoric. sure, the fed did its job. we would be in a worse place if they hadn't turned on the printing presses and backstopped corporate bonds. we might be in a depression right now if they hadn't taken that extraordinary action. sometimes when the fed does its job, we have low interest rates and those are good because they make the competition less attractive that doesn't mean we're in a bubble what makes me so sure? aside from the cloud stocks, there is really not much out there that could be described as

bubblishou bubblishous. look at citi group he's handing it over to jane fraser, the first woman to run an american bank she's done a great job with one big exception, the stock he took a banking disarray and turned into a fabulous growth engine and returning $80 billion when you consider selling $106 billion company. they generated 7.5 billion in income and now generating 19.4 billion and reduced the efficiency ratio on when the bank spends versus net income and common equity surged from 5% to 12.1% and the stock now is a tangible book value worth north of $70 yet, the stock tells a very different story. holy cow s

s&p. citi group that is a bubble as of yesterday it was 51. that's a 37% gain. over the same period, the s&p 500 is up 130% it trades to the book value, what it would be worth if you lick da liquidate and nobody cares that's not a bubble. s citi's performance would have looked better. oh, and it's down more than $10 since fed chief jay powell turned on the juice. some bubble. if city were in any other industry, it would buy back more stock or boost dividend. banks can't do that. plus, it can't be bought by the bank because there is too much e higher you can't stick your neck out and own it you can't. and just because it's cheap

doesn't mean it's looking cheaper. the bubble thesis doesn't jive with health care have you seen the big pharma stocks down 17.5% since created the cramer covid-19 index. it doesn't help that joe biden and donald trump only seem to agree on one thing, drug companies. that rhetoric rarely amounts to anything but freaks out the stock market until after the election the banks and health care are gigantic core horhorts. airlines, travel, leisure, oil, gas. you think the cruise lines are in a bubble? too high arguably because of the newbies buying them but some bubble same goes for retail aside from the essential operators and home related play. so where does this leave us? if you want to argue that tech stocks spent months skyrocketing because they're the only group you can rely on, be my guest that's not a fed mandated bubble it's the pandemic. i don't know how these people can live through this moment of

mass k we mask wearing and social distancing and the key driver of the action they know there are 500 stocks in the s&p and seem to have no idea what most of them do. stick with cramer. this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity.

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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. the ipo market is going to shift in high gear next week with at least eight deals including hot ones like snow flake, which is a cloud based data warehouse company that wall street is salivating over. i don't want you buying something you don't know what it is we're looking at the listing of technologie technologies, the surveillance with the airbnb ipo coming not long after in other words, we're going to

be deluged with deals. there is very few things that can kill a blood market but initial openings will do the job. stock markets, when you flood a market with additional supply and demand stays the same, prices go down that's why i tend to get concerned as we head deeper into the ipo cycle. it's not a great thing to see these deals coming look, we've already had a ton of deals this year already. 111 up 5% from last year, raising about 8% more money than last year. that's huge considering we have tons of ipos in the first eight months of 2018 these numbers don't include the money into special purpose accusation corporations called spacs that are raising fortunes. tonight i want to go over big names but also keep you apprised or something that could be detablizing for the averages nobody talks about this except for me i used to do work and i can tell when you see this many stocks, what happens is other stocks will be sold and let's start

right there with one of the largest deals of the year with good reason. this will be the third tech company taken public by snow flake's ultra bank ceo you might remember him as the ceo of service now before john took over as a regular gust hes here unstoppable aholik this would make it the second highest ipo of the year. i suspect it will be a high end of the range because there is a lot of demand for snow flake we learned sales force and burke shire math away agreed and it can carve private placement. i really wasn't expecting a mark warren buffet team i'm conflicted because i trust

mark's judgement sales force practically invented the cloud. the last time they did this is with zoom video that became public throw in warren buffet, the ultimate value into the opposite of the value stock including something special about snow flake. even if neither were involved, just saluteman's name alone gets you a red hot deal the it will be too red hot unless you can get a piece of the actual deal. it might be too expensive, other weiss. we'll revisit in more detail next week. when i started out, if i could have gotten 100 shares of this, i would have grabbed it. 100 shares on the deal there are at least three more software ipos coming next week though and all of them are less enticing first, you have unity software that makes one of the most popular engines for video games. second, there is jay frog, which is in the space that's short for development operations this is one of those lucrative quarters of the cloud base

software space you have a cloud log management play i'm not familiar with this one but what matters is you've got four cloud deals coming next week and that causes some portfolio managers to sell current cloud holdings that they have to make room for the new ones call it cloudy with a chance of meat balls what else is coming next week? well, at least in the next couple weeks, we have a couple health technology plays on the show before, amwell and good rx. business is booming thanks to the pandemic who wants to go to the doctor in person when you can video conference given teledoc is merging, amwell could be the only publicly traded pure play and once again, i reiterate the livongo deal is fantastic. it will be the rising star for good rx this is a company that helps save money on

prescriptions. they have an app that lets you comparison shop and 50% revenue growth in the first half of the year and highly profitable i'm a huge client and think the world of it. at a time when people pay close attention to health and bank accounts, good rx seems like a winner again, though, it depends on the price. you don't want to buy something that comes in too hot. we've also got a couple big direct listings coming in the near future from software companies. now, direct lessee is not an ipo. you list a bunch of shares without raising any new money. that's how spotify became public in 2018 and did poorly at the beginning and soared and how slack came public last year, kind of the opposite the jury is still out whether these listings are a good idea the company doesn't get the benefit of the wall street height machine you as an investor don't have to cope inflating the stock's valuation out of the gate. i always thought it was a cool idea because you don't have your management flying all over the

country when it should be working. how about these direct listings? it helps organizations buy vast quantities of information and they work from the pentagon to the nypd and more recently started doing business and a little controversial and co-founded by peter but he's bankable and on top of that, it is a nightmare they plan to have shares and give the founders variable shares and 50% of the voting power at all times makes you thirchg likei think like a state it's the early interest hasn't been as strong as the company or anybody else for that matter second direct is asana collaboration created by a co-founder of facebook it has a terrific growth rate at 82% in the most recent fiscal year and also consistent money loser. i think it will be a good test

case for what this market value skpls you' s and you'll hear a lot about it because of the loss. what else? we don't have a date for it but there is another cloud software ipo called bentley systems then they have infrastructure for engineers and one of the best of all. i'm looking forward to this. we have to deal with cramer fav airbnb somewhere down the line that could be pretty big deals and suck up cash and sell stock for these stocks after the last couple weeks these ipos makes me nervous. some of these could be enticing especially once they start tr t trading. here is the bottom line. when we get public offerings, it's a bad sign for the rest of the market why? money managers doesn't have new money coming in so they have to sell holdings that are like these stocks to do buying. given september 10 will be a bad month for the market and not doing great so far, i'm urging

you to be prepared as these deals start flowing. so once again, please have some cash on the sidelines. we didn't have cash king the other day as i think you'll need it as we get closer to the end of the month we're going to arthur in arizona. arthur >> caller: jim, how are you? >> what's happening? >> caller: i became interested in a company called kensington capital accusation when i found out they are participanting with a foreign fund in a project involving solid state batteries. certainly, very lotble from an economic perspective. >> right. >> but does the management possess the quality to bring this socially worth wile project? >> boy, we got so much home. we are doing a home segment tonight. i got to tell you, the lack of knowledge about what we're doing

here makes me uncomfortable and you may -- as it is, i can't figure september 22nd. i got to take a pass but i'll do homework and find out any other spac other than the one i'm not happy about. let's go to gilbert in california >> caller: hey, jim, how is it going? >> couldn't be better. how about you? >> caller: hanging in there with working and 9/11, thankful for those sacrificing soldiers out there overseas and making sure we're safe at home my main question on smile direct club earlier this year i had my position below $9 at which then the stock tanked after. >> right. >> caller: so since the stock bounced back significantly and pushed higher above that long term resistance level. >> yes. >> caller: with the help of analyst and insiders buying, of course, i initially bought smile direct club for a stay at home

teledentristy shutdown so my main question is what's your opinion on natural sustainable growth of mile direct club with competition from align technology -- >> i like align. this stock has went up a lot that's a good sign but, you know, we have align on and we think the world of align and we're not backing away from align and that's the way we look at it. we're about to get a shrlew of w companies. i'm not concerned how great they are, good rx is going to be amazing. i hear nothing but good things about amwell it's all about price so keep some cash on the sidelines and try to actually get in to these two deals. call your broker on monday much more "mad money" ahead including my take on nikola. not rikola but nikola. with shares plunging amid a dispute over fraud allegations,

i'm breaking down the action and school is back in session so you know what that means finally with the calls, we'll do homework and all your calls, rapid fire in tonight's edition of the lightning round so stay with cramer. ♪ for skin as alive as you are... don't settle for silver ♪ gold bond champion your skin now you can trade stocks and etfs for any amount you choose instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today. every curve, every innovation,

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i hate to say i told you so. that's a lie i love it. great feeling. you know what? i told you to stay away from nikola corporation, the electric slash fuel cell powered truck play with the stock spinning out at eight wild ride. a few months ago, we started talking about this nikola right

before we came public, the merger with a special purpose acquisition company. i predicted the stock would spike right out of the gate because all the sexy stuff people love. the robinhood types and i said what do you have to do >> sell, sell, sell. >> because it looked less like a business and more like a business plan. not much in the way of sales not earnings whatsoever and no production for years sure enough nikola surged higher running from the 30s to around 94 but quickly peaked and the stock is working its way lower oscillating wildly on the way down including a monster 15% decline today that took it back to the low to the 30s. i want to circle back to this one because it had a truly crazy week i can teach you a lot about how to be a better specklator. on tuesday nikola received what sure looked like the ultimate confidence we learned that they would be partnering with general motors to build their new pickup truck.

in response, nikola stock pole vaulted from 35 to 50 in a single session then yesterday morning a short selling research firm published a devastating critique and the stock has been tanking since to the point where it's now giving back the gm gains and then some. didn't help management's response seemed ill advised. i've been walking through this step by step you must know from the top the research firm, people behind it are shorting the stock they're trashing not illegal but you need to know that because that's important for the people who own nikola. first was the gm deal. not only did they partner with nikola until the upcoming electric pickup truck, which i call the honey badger because it's an infamous animal because the honey badger doesn't care and taking an 11% steak in the business they are getting that steak in exchange for in kind services, not cash

nikola will use gms batteries in electric trucks and fuel cells according to general motors, the deal is worth 4 billion to them and nikola about the same number that sounds positive, doesn't it there is one issue, one little issue. a big accomplished company partners with a high flying tech startup for technology that doesn't seem to be the case aside from the software if anything, it's the other way around gm is providing technical to nikola when the ceo of gm came on squawk box yesterday she sounded so excited she was jazzed very excited about how the deal will let them scale up manufacturing more cheaply because nikola is planning for an expansion i'm sure that's true there is one part that's a much larger electric vehicle strategy for the giant which a lot of people think will spin off the business still, the market loved the story with gm stock jumping 8% on tuesday and nikola jumped more than 40%. to be fair, nikola pulled back

on wednesday because of profit taking people don't want to run too far, too fast. the narrative is very positive at least until yesterday morning. enter the lead balloon hindeneburg research how -- there were serious allegations here they claim that nikola ceo lies and have the ability to produce oxygen, hydrogen, about having solar pants and owning natural gas wells and claim he's lying about the truck. now some of these allegations have been confirmed by bloomberg. there is something here. a little smoke a little fire.

hindenb hindenburg's core argument is simple, they say the truck doesn't work the demonstration videos have been faked or heavily misrepresented for example, according to financial times, nikola apparently showed a video of a semi truck rolling down a hill and edited the slope out to make it look like the truck was running. raised eyebrow that's not even the craziest stuff. they claim nikola signed a letter of intent to buy a company whose president had been indicted for using massive research funlt evds to pay for prostitutes. a curious business decision, i must say after learning the company's technology didn't exist, trever milton allegedly kept hyping this tech as a game changer. another one, the old cfo resigned in 2018 and filed a lawsuit against nikola a month later that ey refunded deposits

hinde hindenburg said many executives seem unqualified for example, nikola is head of hydrogen production is the ceo's little brother a contractor in hawaii i'm not asking for an executive but this is not necessarily the guy you want to go to for fuel cell technology, maybe he's a total wiz. got a lot of smart people. for fuel cells to work, you need a cheap source for hydrogen. he's repeatedly said that nikola succeeded at reducing the cost of hydrogen by 81% versus its peers, however, when pressed, e heedh heedhe ed -- admitted it. for example, the company used inverters that claimed to have been made in house but hindengurg said they slap on a new label.

you can't make this stuff up there is a monster amount of accusations. could be a great movie in here like a netflix thing it gets better or worse if you're a shareholder after the report came out, the ceo kept going on instagram and twitter promising he was working on a point by point rebuttal they said they will sue hindenburg research. that's what people do. we reached out for an official comment to get something more in depth, so far they haven't responded but it's a long weekend. i'll be in my garden you can reach me this guy keeps posting on instagram and increasingly sounds like the erratic black turtlenecked elizabeth holms take a look. >> when you're changing the world and doing good things and you're an entrepreneur, these people love to try to take you down they love it but this is all about money and

greed. >> first they think you're crazy, then they fight you and then all of a sudden, you get that video i've got to tell you, if hindenburg's research is lying, s some of this stuff may be easy to dispute release the video. easy that would shootdo down fast instead, the ceo is deleting old tweets and posting things on instagram that don't belong like the fact that nikola had a call with the fcc about these allegation allegations. nothing wrong with that. the research report is a hit job with no substance and will have a response next week that's okay. i get that i await the response the guy from hindenburg, nathan. yeah nathan now, maybe the whole report is a tissue of lies aside from the

stuff that's confirmed by outside news organizations but that's the problem with speculating ochoenn a company. nikola is so early in the development, it can be hard to tell fact from pulp fiction. if you buy an early stage tech company, you're beltitting on management right now maybe it's not that great a bet. i don't know if it will crash and burn the rebuttal i expect monday on my desk, let's say some allegations made me feel like the stock remains a sell "mad money" is back after this

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. 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. time for the lightning round let's start with jacob in louisiana. jacob? >> caller: hey, jim, what's going on today >> you know, usual day how about you? >> caller: all right i'm doing good so just wanted to ask you about this one stock i had i've been having this for about two or three years now i have profit at about 20% but i don't know what is going on. it's been sluggish as of late. the chart made a double top and even down on market up day i think it was wednesday i don't know whether i should hold or not and that's pride ma for ye -- materials. >> they have very good we had them on recently.

i like -- look, i am in the end a guy who likes amd and nvidia and i like broadcom. i need to go to randy in alabama. >> caller: boo-yah, jimmy "mad money" chill first time caller. >> sweet home. what's going on? >> caller: shoutout to my 18-year-old son grayson that just invested in the market. i want to ask about a stock i purchased in april it's a classic stay at home stock. it hasn't been effected by the recent sell off. the stock is new skin, nus. >> it's a direct seller and i don't comment on direct seller companies. why? because you know what? i've been in a spin cycle a long time in my life and i want the washing machine to end let's go to anthony without my cell phone, lisa, anthony in new jersey, anthony?

>> caller: jim, oprx cloud based health company. >> i'm a good rx guy i like the good rx that's coming public soon. juan in nevada, juan >> caller: is that jimmy chill >> yeah, it's the chill man. >> caller: hey, jim. i don't know about you but i'm sure glad football is back. >> i am, too i mean, you know, i don't know about the mask, coach. i don't know about the mask. whatever whatever makes it -- >> caller: hey, jim, i was looking to add my position on this stock black stone group. >> i like black stone group. you should do it terrific managers. the right time to be in it the stocks come down down 8% for the year i'm game let's go to tim in new jersey. tim? >> caller: good evening, jim on this somber september 11th let's not forget a shoutout to nypd, new york fire department and my police department cranford pd in new jersey. my question, jim, is horizon

therapeutic azmt should i buy, hold or sell >> i want to echo all of your kind thoughts and you're right and it's been -- i did a special and i wish you could recall the special because it was about four years ago i think it was one of my more thoughtful thinks i've done. horizon therapeutics had a big run. up gigantically almost 100%. i have to say no at these levels let's go to bill in arkansas, bill >> caller: yes, how are you doing, jim >> i'm good. how about you, bill? >> caller: doing great first-time caller and thanks for the work you do and the money i've made since march. >> thank you >> caller: i'd like to ask your opinion about purple invasions and how the call will affect the price. >> it's mentioned there are certain stocks i don't like direct selling i have never made any money in the mattress and bedding business you can say this time is different. no, i mean, at a certain point,

look, i have all the stocks i need i'm not going with the mattress and bedding. let's go to brian in florida brian? >> caller: hi, how are you doing, jim >> doing well. how about you? >> caller: oh, couldn't be better. >> okay. that's great. >> caller: i'm wondering can i ask the question >> sure. >> caller: i'm thinking about investing in the walt disney company. do you think that's a good thing or bad thing -- >> no, i think it's a great thing. i'm so sick of hearing about the doubt. now, like china. i remember, what happen -- now we own china with disneyland so give me a break. we're the winners, not the losers, and that ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade take off. take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position.

you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪ 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. 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.

now that back to school season is upon us, it's time to catch up on our summer reading at the last possible moment. when i get a call from a company i'm unfamiliar with, i promise to do homework and get back to you rather than cuff it. back on july 15th, i know a long time ago we had a lot of homework karen wanted to know about a company. if you need to know, this is a tiny company with a 316 million dollar market capization

almost too small to mention on the show there was a tired portfolio of generic and branded drugs nevertheless profitable. they were using that money to develop a treatment for droopy eyelid with the goal of becoming less generic and more branded. at the end of june, they resubmitted a new drug application for a spasticity drug they have been working on but had to shelf it a year and a half ago two months ago, they got fda approval for the droopy eyelid drug that was a game changer it sent the stock from $6 and change to $8 and change. the problem is it came back down a few days after the approval, the company announced a 5 million share secondary offering and turns out there was a lot less demand for this deal than management hoped it pulled back harder. my view at this point is too speculative for me next up on july 21st, lynn in texas asked about an old friend, the company used to come on all

the time. systems. i said i need to refresh my memory it's a real dog long term. after speaking above $300 on our show, the stock is a horror show high level management, they had three ceos in the last 14 months before the pandemic alliance was in bad shape and covid came along and the stock plunged down to $20 in the march lows that was an over reaction and alliance rebounded to the mid 60s by june but the second big outbreak started in the sun belt the stock got slammed again. this is tricky covid is only the latest of the problems, it's still a big problem. it's hugely dependent on air travel a lot of these are airline miles programs beyond that, the core credit card business is depending upon a healthy u.s. consumer on the

other hand, this is important. alliance data stock is really cheap. it sales for roughly four times next year's earnings estimates but here is the thing. a lot of people lost money betting ohio state got too cheap. they were expected to earn $20 a share in 2020. at 100, it was selling for five times earnings looks cheap, right it's only expected to earn $6 per share and $10 and change next year. you know what that means value trap i will say this, alliance reported a bad quarter over a month ago and the stock rallied anyway and that's usually a good sign that says the weakness is baked in i think alliance data can come roaring back if we get a covid vaccine sooner than expected but there are better ways to play a recovery it doesn't help they lost way fair's private label just today. i'd much rather go with visa or mastercard, which my travel trust owns or paypal or square finally, on july 23rd, a company called moog, i said i'd circle

back i've known this company for years. it makes precision control systems for military, satellites, space vehicles, marina equipment, medical d devices. it's about a 50/50 split the defense business might seem risky but you got to remember that joe biden is not bernie sanders. defense spending is not on the ballot it's been a long term winner two decades ago at $10 and february peaked at 95 and covid hit and the stock pulled back hard over reaction. since then it's recovered to nearly $60 well off the highs in part because 19% of the business comes from commercial aircraft not a ton of demand there right now. that said, they had a bullish investor day and can work if recovery plays come back in style, as i see it, it's a good solid industrial innovator parts of the business may be in rough shape now but got a terrific track record long term and i think they will come out in a better position

given that september tends to be a difficult month, why don't we do this? i recommend legging into this gradually because there is a good chance you'll get a better price but moog is a very good company. stick with cramer. 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.

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.

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. remember, you're starting to see patterns and i want you to be aware of them if you're a trader okay you go down hard and then people feel somehow overnight that the market has gotten better so we rally at the opening, particularly tech and the people who bought in the last half hour come out and start hitting bids to knock stocks down i need you to use that strength in the morning to lightening up and get that cash position that i want you to have so much because you know i hate september. i'm not done worrying yet. i hate september i like to say there is always a bull market somewhere, i promise to find it just for you right here on "mad money." i'm jim cramer and i'll see you monday

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