this the uncertainly is finally going to be realized is $40 etf at $17 right now. >> seller of ibm. >> dan guy? >> cleveland i am here to level the plain field for all investors there is always a bull market some where i promise to help you find it. "mad money" starts now hey, i am cramer welcome to "mad money," welcome to cramer america. my job is not just to entertain you but to educate you and tweet you. call me or tweet me @jimcramer what if earnings just don't matter anymore

nasdaq lost 1.65%. the reality is it depends, there are thousands of stocks for earnings still matter and matter a lot. there are a handful of high-profile names where they don't seem to mean a thing i have a list of the most i impervious ones. these are seven companies where buyers don't care how the underlying companies are doing they just want to own the stock. in each case the thesis so powerful that it overwhelms any mundane. what matters is everyday seems like a buying opportunity where the stock is up or down. the first magnificent seven, netflix. i saw a story today how new york

is opening up theaters today 50 per showing who wants that why not stay-at-home and watch netfl netflix. no one is going to go to the movies around the world which means netflix must be true regardless of what the company says on its report when it reports and reports tomorrow, i want you to wait until it reports if the stock goes down after it reports tomorrow, history says buy it anyway regardless of the results. makes sense? although you could have said the same thing for the pandemic, too. right now the buyers and the investors don't think that's within reasons second member of the magnificent seven is peloton these are exercise bike with a built-in screen. the one stock you can buy instead of going to the gym or

taking a spin class. peloton gives you an at-home or alternatives that's risky to covid-19 just amazing profits of exercise class zoom it is true that peloton makes it an ecosystem peloton is becoming a de facto way of playing the pandemic. third, paypal. many never switched to a car they like paypal and they love venmo so they can send money back and forth among friends and emojis paypal is a remarkable system that changes the world of

finance. the younger investors are joined by older institution players who buy the stock of paypal because they want financial pleasure without the credit risk of owning a bank. this is a company that missed the projections or blow up investments. paypal is the thesis in banking. it does not need no stinking earnings estimates speak. you get the point. fourth, roku this one is the comic relief the love for roku is beyond reasons. we are talking about thesis investing here and cold stocks there is nothing worth watching on traditional tv except maybe sports and now not even that no one can tolerate commercials. they rather cut the cords. if you grew up with a dvr, the idea of sitting for 90-seconds

commercials is painful fifth member of the magnificent seven is square. i don't see what's so special about square up here up here means nothing to these buyers it stands for the empowerment of the little guy those companies still need to produce real earnings or their stocks get punished. square on the other hand is graduated beyond to make the numbers. it does not seem to matter what these guys do. the buyers are far more worst than the users i thought it would be a problem here of covid but the stock of square keeps roaring like paypal, square is considered one of the good guys. although i don't know why you

personify it sixth is tesla the buyers know elon musk will get tesla growing. i don't know how they know that, they just do tesla is a cold stock. shareholder basis not going anywhere and either am i is that the reason absolutely it is also giving you a gain in this one tesla's shareholders believe that no one else will ever build a better electric vehicle. finally zoom what can i say this is their economy. this is the zoom economy and we just live in it. this company has insane growth like i have never seen

total mahinini minutes on zoom 3 times. it is only just begun to monetize all those users most importantly every single time you hear covid cases on the rise, these investors don't care about valuation buys zoom. zoom takes the place of exxerox. it is the greatest story since the dawn of the personal computers. nothing lasts forever. the earnings are an abstraction of these stocks. simply one more reason to buy them john in massachusetts. john >> hey jim outside of boston, appreciate all the insights and contents you provide each night >> fantastic, thank you very much >> love zoom i am calling about the semiconductor states

i know nvidia and silicon of the internet of things, exposure to investor demands and memory. the stock had a big move what do you think of lam research it is the best of breed. lam is a stupendous company. >> let's go to fred in florida please, fred >> jim, great to speak with you. i am going stronger ever with a big team of agents >> fantastic i watch the big public companies and names and merrill lynch and

in place of soft banks and berkshire -- there are mixed signals everywhere my large investment, rocket mortgage, very obvious >> rocket mortgage is very difficult. we recommend it under 19 and it went up big, okay, that's enough it is a little hard for me to understand it is hard for everybody to understand something that the people put it together >> let's go to levik in florida. >> hey jim the stock that i am wondering is lockheed martin. i am wondering if it is worth holding on or selling. >> democrats have a history of

speni spending on military. they're big defend spenders. you will see the report tomorrow morning. what am i going to do, say buy it there is no way you can buy it let's take a hard look tomorrow. it is a good company i rather get it to 3% rather than 2.71. there are many stocks where earnings matter, the vast majority and there is the magnificent seven. they tend not to mean anything "mad money" tonight with election day just 15 days away whatever comes up next to this market i am going off the charts. trying to make sense of all these seemingly gross stocks i am talking about price to sales. ticking down the list and telling you which is sustainable. i am catch ing up for my homewok and focusing on some names stay with cramer >> don't miss a second of "mad

money," follow @jimcramer on twitter. have a question, tweet crame cramer, #madmoney, give us a call at 1800-743-cnbc. miss something head to madmoney @cnbc.com before we talk about tax-smart investing, what's new?

-audrey's expecting... -twins! ♪ we'd be closer to the twins. change in plans. at fidelity, a change in plans is always part of the plan.

as we head towards november and election day, what comes next can this market keep climbing or do we need to get more cautious given the latest spike of covid-19 cases one thing i hate about election year, you can't talk about stocks without talking politics.

it is because we all have feelings about politics. nothing poison your judgment abo with feelings. that kind of bias of being a good stock picker. what do you do tonight we do what we always do and take our personal feelings out of the equation. we are going off the charts. they're like cards they're quantitative and not qualitative. we are going up the chart with the help of larry williams he's been trading stocks and future commodities since i was a child. he written more than a dozen books and we use them all the time they're the batman and superman of tech. ever since the pandemic, williams have helped us navigate our ways through some troubled

waters he's the one that predicted that america would reopen for business by mid-may back when most of us panicked about a depression in april. then over the summer, he introduced us to his 4th of july trade, he pointed out if you buy the s&p 500, a few days before the holiday and sell them right afterwards, historically you almost, always made money. this has been incredibly a consistent pattern and we played out exactly the way he predicted. now he spotted another one at the end of the day today, i don't know who's going to believe what i am about to show you but it is all i mperical s the $2,500 stop loss, this table would show have you would have done the last 20 years. if you bought the s&p futures

today then the first opening, you would have had a first winning trade 21 out of 22 so after today this seize holds and tomorrow is a good day to buy. look at this come on, we have always looked for this kind of pattern this is fantastic. we are talking about right here. now what if you bought the s&p future like today and held them for a set of days. check out this next table. wom williams crunched the data, the best is to buy right about now and hold for eight days before selling. as long as you got a $2,100 stop loss order over the eight days, october trade made you money 20 times and lost you money twice william noticed the gains were

twice as large williams suggested the next week or two could be a strong period for stocks didn't feel like that today. over a little two weeks and that obviously potentially shaking things up. when it comes to election day, polling by a landslide williams is saying the stock market could be different. take a look at this stock shows the dow jones right now. williams points out an election year, the market tends to peak in mid-july. okay and drift lower in november. makes sense. the thing is that's not what the chart is doing here. the average tells us anything

about which party will win well, here we go okay, look at years where democrats win. the democrats have generally been the party just the fact about coalition. sometimes those differences are more pronounced and others as you can see here and years where the democrats win the white house. that's not the pattern here. looks a lot different when the republicans win. check it out as williams sees this, we are pretty far away from that. he thinks the chart predicts a trump's victory.

personally i am hesitant to bet since what happened last time where everybody thought hillary will win big one last point from williams when incumbents win, the market tends to roar over the next year when incumbents lose, that's prelude to a shopping market at least the next 12 months. makes sense, incumbents don't lose when the economy stinks this year we have chaos and the pandemic makes the future impossible to predict. the bottom line, the chart is interpreted by the great larry williams, you got a terrific trade here buying the dow tomorrow or wednesday and selling it eight days later has been consistently a winner on top of that when it comes to the election, the polls is my favorite buy as long as the dow holds up, williams says the market favors

trump. make that what you will. stick with "cramer." businesses today are looking to tomorrow. adapting. innovating. setting the course. but new ways of working demand a new type of network.

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what do you do with all these stocks and crazy valuations today i am talking about ecommerce and technology stocks is up anywhere from 30 to 100 times sales. not earnings sales. before the pandemic, zoom video was trading around 25 times sales. and the stock shied into the stratus. zoom has not given you any reasons to sell.

worry about valuation would have kept you out of a magnificent move we used to call these hot flowers. that's a nickname. it means you can make a lot of money. if you get it wrong, you will get burn stock is 136 to 83 unlike the magnificent seven detailing at the top of the show these companies are not immune to discipline. when you look at the cramer's covid 19 index that did not make the list and new ipos. there are 15 stocks trading at 30 times next year's sales estimates. remember i am not talking about earnings, i am talking about sales. per se that goes the valuations.

first up is a familiar name. we got two cloud-based, crowd strike now you can argue it is insane to pay 30 times sales for companies that only is supposed to have 30% revenue growth last year, what can i say crowd strike and okta. crowd strike is $145 stock okta a real favor trades at 242. you are looking at $164. a lot of downside here the 13th most expensive. ncinco, the banking software company that came public in july since then it has been stuck in a rod even though it had a great

quarter last month here ncinco trades at 30 times sales. there is nothing i can do. these are all pricey zoominfo and amwell and lemonade a lot of the stocks were trading at 74 and i told you was too hot. that's where it has been for the past couple of months. you can buy nvidia but why not wait until it is 50 and buy more amwell, i would too cautious on this i told you pull back and it never came with amwell in the high 30s. i am saying wait for a lower level. i also again understand i didn't get this one right as for zoominfo, i wish they

should change the name they have a market and platform for sales. it spiked above 50 and pulled back to 30 a month ago. another red hot valuation. it is actually profitable. i need to do more homework before i can recommend it. remember many super high-growth investors and money managers are repelled by earnings number nine, another old favorite of ours, cloudflare the stock splits higher and as much as i love cloudflare story, this is a $58 stock. it would be a $44 stock.

don't be afraid to ring the register up here number eight is coupa software they got a proven roi if you hire them. they make it easier for corporations to cut cost bizarrely bill.com is more expensive even coupa got much better earnings. obviously you would put this one here and that one there if you really want to make any sense. a hedge fund will short this one and go long that one bill.com is very vulnerable. i want you to stick with coupa now this is another one that's a

fair trade we got spopify and big commerce. big commerce just came in public so basically it is copy-cat. so many businesses need to go digital to survive i would rather own shopify it is already turning a profit with that said, we know shopify pulled back in a matter of weeks. that's classic red hot behavior. you don't really know what the bottom is going ton so you have to buy it slowly then there is the newly republic

jfrog. it is now at 78. so you got my blessing to buy this one right now jfrog sounds like a character in a bad reality show it brings us to these, in third, data dog this stock nearly triples since the beginning of the year. if you embrace the cloud, you have to make sure those cloud base program actually works. the bar is pretty high given the stock trades at 44 that can punch at 76 and still have a red hot valuation this younger generation loves

animals. not my favorite. second most expensive is zoom video. what can i say this is the zoom economy people are getting caught on zoom things that they should be thinking about sure, it trades 52 times it got nearly 300% growth. taking over the world times what sales? i don't know i like zoom, although you have to expect the sale off next year when a vaccine is in reach finally the hottest of the red hot snow flake the cloud based data warehouse is melting the snow flake. while the stock has not done

much, it still sales i think it is going to crush the number the reason the stock traded sideways, snow flake at $247 stock. it could be shopify, it could plummets and come right back but, i doubt that'll happen. it is perhaps the most user friendly cloud analytics business intelligence tool out there. go on the site and read through the examples you will understand how this thing becomes out of nowhere the bottom line, some of these - it is a sin to let a gain turn to loss. i don't blame you for hanging on even if it is for dear life. remember some of these are cheaper than some of those and i do bless owning any of these for speculation except for the ones

i said that are too expensive. let's go to kwadwo from minnesota. >> i appreciate you taking my call i appreciate what you do >> do you think it is worth a run? >> it is really a weird situation because this is as kids keep ongoing to school an coming back because of covid it goes higher if you think covid is going to beat chegg then you have to start selling some you have a little more to the upside but please understand, understand that this is a stock that goes down when we start getting a vaccine. there is just too many people would say i should sell. there are unstoppable growth

stocks write them down and take a picture of it or screen saver. these are the richess. remember to practice discipline. i will tell you if it could be worth considering when i reveal the name the market is hungry for industrials. with earnings around the corner, i will tell you what it should be and our tonight's edition of "the lightning round." stay with "cramer. some things are good to know. like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. something else that's good to know? if you have medicare and medicaid, you may be able to get more healthcare benefits through a humana medicare advantage plan. call the number on your screen now and speak to a licensed humana sales agent to see if you

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every time thank you call about the stock i am not familiar with, i research and circle back instead of just

cough it let's catch up with ipos that requires us to do some digging on september 8th, a question about a company called nanox we see nanox, the stock caught on fire and a bunch of short sellers jumped in. it is as mockery of a sham who's right? the bulls or the bears okay, nanox is the x-ray business it can reduce the cost of imaging system they're aiming to become the new standard of care for diagnostic systems. we still do analog x-rays.

nanox says they come up with a new digital x-ray that's radially cheaper that's interesting and potentially catch all sorts of problems earlier. their goal is to roll out 15,000 with a subscription model that would still be cheaper than current x-ray machines when you hear that and you hear people calling in because it is a compelling story the emphasis is on story for now nanox is similar to biotech. these guys submitted an application but then received a request for additional information in march they got back last month if they get clearance, they can construct deploying system in the first half of next year, not

far from that. when nanox came public in august, the stock price was 18 and opened up to 20. the last month investors - the stock got real fast. surging to 66. then the short seller started and now the stock is back # 33 then whitney tulson says the flag is worth less a f some real smart guys you can't ignore them. that's what matters.

what happens the stock got hammered down to the low 20s. nanox is back in the 30s so where do i come in? on the one hand the stock makes some compelling argument, dominated by gigantic conglomerate sometimes when you hear these kinds of situation and what i do is i step back, it is too hard for me i have no idea what the outcome is going to be they're easier way for me to make money for you or at least help you next up. shane in new york asked about

ship for payments which came public back injun, shift 4 this is how this thing run from 33 given how much i like square and paypal, that's a compliment. the pandemic is taking a real toll on this business. it is a payment technology company with a ton of clients of hospitality history. restaurants and hotels and pretty much ground zero for the economic fallout from covid-19 the second quarter took a huge hit. sales down 21% year over year. however the stock rallied on the news and better than expected. plus, shift 4 strengthen 50%

about what is expected as the country came out of lockdown shift 4 is a straightforward recovery play even if they just laun launched it. i think the stock can keep roaring. at times when covid cases are spiking all over the country and the world, i am hesitant to recommend a recovery stock if you want a payment plan well, i said at the top of the show, i would stick with best with paypal or square. back after this break. think we'll make it in time? ♪

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it is time for "the lightning round. and are you ready? cindy in new york. >> hi jim, thank you for taking my call. >> of course, cindy, what's up >> my question for you is zuora. >> i know the space. it is a high gross stock let's go to jeremy in alaska >> booyah, cramer. how is it going, man

>> it is going well. how about you? >> i got a question for you albirero >> for a stock like that is fine >> dave in south carolina. >> jimmy booyah from south carolina >> okay. i am an out of work chef but i have been trading full-time in february and been making money >> thank you you are the professor, jim >> thank you >> thank you for taking my call. also, i am not a pesky robin hood trader. >> what's going on >> all right, brkr here is the problem.

first of all, thank you for the kind word. they have a higher dollar amount but it does not mean, you got to divide by ten if you look at it. those are the better place those are both better. >> let's go to larry in michigan >> booyah mr. cramer from lake sinclair >> how are you doing somebody knows where that's at in the map >> michigan. >> first of all, i want to thank you all that you do for the common investors and i am one of those guys i am up 20% this year, thanks to you. >> we did good, what's going on. >> so far, so good >> what are your thoughts on cloudera >> i rather own snow flake than cloudera, i am not looking for value when it comes to that

segment. let's go to tori in new jersey >> tori? >> yes, it is jim, you got me, what's up? >> i am calling about teva because they don't have any growth >> michael in texas. michael. >> big booyah, jim >> what's going on >> i would like to give a shout out to my brother. you help us make a lot of money, i appreciate it, jim >> terrific. >> thank you >> i am a young investor and looking for long-term. what do you think long-term of five to ten years of crm >> sales force i like it now. as long as mark is there and benioff, i think i am going to

like sales force i think he's doing fantastic let's go to carol in new york. >> carol >> hey jim good to talk to you. >> good to talk to you, carol. >> before i get to my stock, i have been wondering we'll be able to buy the mask >> we'll get down to top ten we'll put the competition together you will be able to find more of a communal mask. what's the stock >> a couple of months back, you told us that gold was going to take another leg up and saw a steady decline do you recommend selling a percentage >> no. if anything, i want to use this decline to buy barrick gold.

was it barrick i like barrick very much and that, the conclusion of "the lightning round. >> "the lightning round" is sponsored by t.d. ameritrade ♪ ♪ ♪ ♪ ♪

this market is kind of hunger for american industrial stock. the ones we have are either outrageously expensive why? because we have not been a manufacture in the economy it is cheaper to make things in china or mexico with wages are lower. we now have an incredible craving for manufacturing stocks let's talk about caterpillar the ceo is determined to get his stock higher 13.5% during a recession some of that is because of cat's aggressive buy back. a lot of it comes down to expansion. just are not any high quality of manufactured stocks.

32 times earnings, the company is more faltering prices than resurgence in china. they make the best farming equipment in the world especially if they jam tariffs -- thanks of combination of -- an outstanding 37% gaining this year. you may think this is a cloud computing place. these are trading at the same level. there is an opportunity here if you believe the global economy while u.s. deals have been crushed, its competitor nucor has been hanging in there at 3% yield. down 13% for the year, now there has been some movement up in steel for the bombioming automarket

we'll find out more on nucor on thursday it is the quality name of the group. how about 3m oh, this one is intriguing 3.5 yield. i like that. as i see the stock has been held back by worries of pollution i am guessing it will play out better on the second term, trump. he's the probusiness candidate i think that's pretty good for a high quality company like 3m emerson makes a lot of nuts and bolts. and in many ways better. the problem is at this moment it is very spiexpensive verses wha think it can do. this is the one that i think is best in terms of risk for it

finally there is ingersoll rand. some of that may argue it is a run too much in a momentum driven market, it is the real favorite maybe the earnings is too low. now there are some other steep in autos but which are improving. we just don't make new manufactures and the old one had plenty of capitals and buy back stocks t they look pretty good, too however, maybe you want to wait the ones that is are up a lot. the market is hungry for these things i don't want you to get carried away

everything going forward other than real robust earnings growth which is another way saying the move got so much power there is always a bull market some where i promise to find it just for you right here on "mad money." i am jim cramer, i will see you tomorrow.cramer. i will see you tomorrow. "the news with shepard smith" starts right now \s. i'm shepard smith on cnbc, and this is the news. >> we seems to be in very good shape. >> we could do so much better. the final sprint, where the campaigns are spending the most time and the most money, with just 15 days to the vote. the next 6 to 12 weeks will be the darkest of the entire pandemic. >> hospitals struggling. icu beds running out in some places should we shift the treatment plan. a new consumer alert