economic recovery. i am using the call debit spread >> give yourself some time when you are trying to put those puts on you can cause calls or call spreads to use you my mission is simple to make you money. i am here to level tl plain field for all investors there is always a bull market some where and i promise to help you find it. "mad money" starts now hey, i am cramer welcome to "mad money. welcome to cramer's america. i am trying to make you some money. my job not only to entertain you but to educate and teach you, call me at 1-800-743-cnbc or tweet me @jim cramer talk about a market that has no memory yet it plummeted extensively

because we lost control of covid-19 today went higher. the the s&p gaining and nasdaq gaining 1.02%. hospitality and leisure. has the market lost its mind no we are dealing with cross currents any time stocks get hammered, it seems to trigger visceral vaccine reaction good news bails out. on the one hand we know the cavalry is not coming. it is going to be in the form of at least one, pfizer vaccine, won't reach us until spring. in the meantime the virus is out of control we had 162,000 cases yesterday we are in a rough winter earnings from cisco, the

networking type and applied materials and walt disney which needs no introduction. it is looking like we'll have a smooth transition from the trump administration to the biden administration that's a huge strange and even last week at this time, a notion of trump refusing to make plans to vacate the white house. i am sure you are sick of hearing it could the good earnings continue if you are worried of the virus and encouraged by the vaccine, next week will be pivotal for you. we'll hear from major national retailers. monday starts off something a little different, the results from palo alto network the kate snow put together a terrific set of assets millions of people are staying or stuck at home working i expect very strong numbers

then we hear from one of the most controversial names, we'll hear in tyson foods. they had major covid problems that tends to be behind them now i feel nothing will help tyson aside from sharp bleak better than expected earnings. could this time be different if they do, i got to tell you the $62 stock is going to go up a great deal tuesday is gigantic. walmart, home depot and kohl's home depot is the best do it yourself renovation place at a time people are business turning their homes into offices or schools. both are reporting spectacular these stocks will get hurt

kohl's is a little problematic kohl's is not an essential retailer which makes it a good gauge. after the close, we'll hear from nio, oh, nio oh my. the chinese tesla. that's what they call it stock is up 1200% the last six months this is vehicle maker has become the bell of it all the thing is nio is still losing ton of money then again until recently so did tesla. i think people will keep buying the stock as nio continues to ramp production. if it is the next tesla that means you don't have to care about the short term it is more of a concept than a company. if anyone says jim told me to buy nio at 47 and i got hurt you didn't listen to what i had to say so many stocks will have already

reacted into the company tuesday, so in other words, this one and these are -- x, nio will be two x's the expectations have gotten higher if walmart could. that makes it hard to beat then there is lowe's still some issues and although it is being void by the pandemic if you are going to be stuck at home, you may have some outdoor space. they're driving for excellence to be the best of the best lowe's is not there yet but the number is so strong that you don't even notice. tjx, and marshal's why do we do this? it is simple we wanted to take advantage of the rally this week.

takes some profit. why? well, this covid could be a great long-term opportunity for these guys tjx and retailers. short term i don't see them bringing in many customers that's a recipe, some of them we took a loss. here is one that i am closely linked with and i am proud of is nvidia i am glad this stock has been coming down this week. that makes it easier for the stock to blast off in response of a fantastic quarter just so everybody understands, this is the kind of stock that's being sold here as people circle back into the company that does better there is nothing wrong with

nvidia, just people don't like the valuations thursd thursday, we'll hear from macy's so i don't know if we'll get a break here the company has done a lot to turn itself around but in this environment it may not work. workday reports after the close. you have tech and you have tech. workday is the cloud computing company that does so much. it is hard to know which way that work in the report. the company is winning contract after contract but people don't understand it. i think it is a really well-run company. finally foot locker.

these mall retailers have been written off dead some of them are not so bad though could they post a good quarter, nike and under armour is moving a ton of merchandise i regard next week is the collusion of earnings season so it may be helpful to reflect back for a second. there has been a huge number, far more than anybody thought. maybe because the expectation for ratcheting down too much leaving publicly traded company as the last men standing if you find yourself wanting to buy stocks that are keep on roaring when we have insane covid-19 numbers james carvel, big business is making a ton of money right now. it is not all that complicated our salute to service veterans

day continues. our first question is from roger in texas >> big booyah coming from texas. i want to say thank you for everything you do for us i served in the marine core for five years question for you, jim. looks like democrats are going to control the white house and the house. what does it mean for us is it growth and value and energy or faang or maybe something else even. all right, thanks again jim. >> wow, thank you for your service. we are going out the deal with new categories i think companies that are going to do well in a market where we need the vaccine or a company do well in a market where we don't get the vaccine. the labels are failing us. that's something that a lot of

people don't understand. the labels are failing us. okay, let's go to justin in new york >> booyah, jim thank you for having us. i want top give a shout out to my people. my question is about gilead. i bought it at the hype of the pandemic do you suggest i buy more or sell or does it have the potential to go back to where it was before >> we care where it is going to. i think it is bottoming because of interest rate you know you can swap it for bristol myers. next is matthew at west point. >> it is matthew jordan from massachusetts at west point. i am apart of the investment club and i lead the finance

sector we have been researching jp morgan, are they a buy? >> thank you for your service. jp morgan, interest rates so low, they can't make money it is riskless and pain free i think the stock is not a buy as a matter of fact, ill lighten up and own something like a goldman sachs or morgan stanley. next, we have a question from harold in texas. harold >> hey, jim, this is tim from dallas, texas. i served in the army for 30 years. it was a great life being in the military i am looking for your advise in decision making for a great investment to continue that life what military defense companies could you recommend for this old bull i need to go from hoorah to

booyah >> i like that transition. lockheed and impartial to bill brown and l-3 harris i think they are the right one for a biden administration all right, remember it is the earnings thank you very much for your questions and service. we are going higher for a number of reasons in the end, the companies are doing very well. big business are making a lot of money. i'm siting down with the home depot of weed, growing for generations. then what would the u.s. election outcome in news of promising coronavirus for your money? i am going off the charts and eyeing the market to find out what it will help us figure out

about the industrial more small businesses are getting back to work what does it mean for a company like build.com which has been so red hot. i am going to talk with the ceo. stay with cramer >> don't miss a second of "mad." follow us @jim cramer. have a question? send us an e-mail madmoney.cnbc.com, or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com,

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all right, we didn't get the blue wave that somebody predicted last week. we did get a green wave. legalizing weed in all four and even mississippi legalizing medic medical marijuana. full scale legalization seems

unevidentable. a chain of gardening store specializing in high products. it is expanding all over the place. that's why i started pounding the table this one in august when it was 16 it is now 25 the story is getting better and better on wednesday, the company delivered a terrific quarter, a big revenue with management raising in the forecast for 2021 the stock rallied nearly 5 bucks the last two days. let's think deeper, daron lambert, he got a better sense of where the company is headed mr. lambert, welcome back to "mad money." >> i want to ask you philosophically. looks like marijuana is on the

ballot and cannabis, it always seems to win is it inevitable that our nation can embrace it >> i certainly think so. the election is a big victory for the cannabis generation. it is invigorating to see cannabis initiative passing in five states. the green sweep. the beginning of a huge paradigm shift. we are excited about arizona, a strong medical market. attention to become a $2 billion market with addition of recreational cannabis and new jersey, another exciting maringt >> new jersey is huge and pennsylvania and new york have to follow. it can't just be new jersey. >> it is correct jersey is another exciting market scouting locations expect to open doors in new jersey we believe the rest of the east

coast and follow suits, legalize very soon. new york, connecticut and rhode island, jim. >> wow in the end which is better just continuing to buy others or doing what you are doing with new jersey where i imagine doing greenfield building stores >> jim, we are doing both. we are opening stores in greenfields and new markets, oklahoma, pennsylvania, new york you will see us buying stores in mature markets like we are doing with the grow business $50 million annual runway. 50 talented individuals, we'll bring you up to growth products. everything you need to know of co

cultivating and organics >> big bud organic i am a guaardner, it is private label, when am i going to see it >> we have been working on private label diligently currently 1% to 2% is coming out of private label we are targeting private label coming out of grow gen >> are they ever saying we are so big now, we got to hire someone from a tractor supply or lowe's or home depot, we are worried we need operators and we got a great board. it is time to let some guys from do it yourself run the place >> jim, we have a talented chief off that are came in, tony sullivan, classic retail trained. we have former ceo of home depot

on our advisory board. the former ceo of grow biz so we are pretty set from this >> there are still incremental mma to grow, right there is always seems to be people to buy. where are all these stores is washington and oregon going to buy >> there are 1500 stores throughout the united states right now. we are targeting about 50 to 100 stores stores in mature states. states that have been cannabis recreational for some time and the medical side >> now, when i look at at -- remember i am a gardner, there are a lot of things that are different from going to a

tractor store, this stuff is unique to cannabis, i don't think i can grow cannabis without grow generation help >> you can't we control the in door climate it sells everything, jim from medication to climate control to benching and lighting with cannabis, jim, on the medical side of it you need the same cannabis each and over grow. you need to control the environment and control the crop >> i got to tell you, i was o r overwhe overwhelmed. the catalog and ecommerce is really good but et shows you that you that you need a professional help. thank you very much, grow generation, darren lampert good to have you on the show >> appreciate it >> in order for you to understand why you need it go to the website.

if you understand half of the stuff, you don't need it i bet you don't. stick with cramer. this cnbc program is sponsored by chevron the human energy company -- it's smarter trading technology for smarter trading decisions. fidelity. this is the new iphone 12 pro with 5g! and it's on at&t, the fastest nationwide 5g network. now, new and existing customers can get our best deal. really?! mom! at&t has the deal for new and existing customers! i will. so what'd she say? wrong person. it's a guy named carl. but he's very excited and on his way. word-of-mouth advertising. it's what they did before commercials. it's not complicated. everyone gets our best deal, like the amazing iphone 12 mini on us.

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we spent the most ten months living living in fear, in fear of the virus. even when the nasdaq cruised to a new high in june wall street was jumping fighting the whole house of cards come crashing down in any moment. despite new covid-19 cases at a catastrophic level, the fear is gone not because of the vaccine the fear started subsiding before the big news of pfizer.

let's go to the ceo of option pick this guy is really good. it is a little technical i should not say that. this will help you understand what's going on. in a healthy rally, the vix is supposed to go down. when stock falls, vix is supposed to spike. when that pattern breaks down, it means something is off. for most of this year something has been very off. i want you to take a look at these charts with the s&p 500 and volatile till index going back to july in the last two kweweeks of aug, the s&p rocketed higher and so did the fear pitch, spiking 22

to 34. that's a huge red flag over the summer it was big tech. the market rolled over in early september. when this went up, that was a singular sebastian that was a shaky market boy, was i ever right? should not go up what about the last two weeks. let's zoom in. this will help you this time when the s&p 500 starts roaring the day before the election, the fear gate did exactlygauge did did, it plunged. the market rolled over on wednesday and thursday, the vix barely budged.

we stopped being afraid maybe because we finally got an election over with and ended with a results that the market is fine with either way we are living in a different world now. that's why things went to an all time high. for months many living in fear with a small number of txdot letting the market dominated now that's been flipped on its head, we have a new sense of confidence in the broader stock market but a focused fear in covid place which almost all active today for sebastian, that's the crux of the issue apple, microsoft and amazon and facebook and alphabet, making up the 22% of its value we had a fearful rally because it was narrow. now sebastian thinks we have a

broader group of leaders we are not dependent on tech and only tech. the same five big tech stocks make up 46% of the nasdaq's 100. there is actually a separate volatile till index for the nasdaq 100 it is called the vxn for short take a look at this new pair of chart. this next pair is on top of the s&p 500. on the bottom it shows the spread between the regular volatility index or the vix or the new index that i am talking about. it is usually one or two-points spread here. you can see this the vix tends to be higher but not much higher. when the s&p 500 was peeking in august it expanded to 10.

that that's the biggest spread has been people were terrified of what would happen to tech, remember the market, the peak of the stay-at-home trade i still think some of them are worth owning in a vaccine world. i think apple is great because of china tech is general. they're the stock that led the way when the rest of the economy - fortunately we are in better shape nasdaq is down more than 1%. yes, the s&p 500 have soared

now the tech stocks have been able to mountain sporatic rally this week and right now covid is kicking our butts. the governors are starting to shut things down as hospitals getting overwhelmed. this is not big. s&p though meandering look at today. today is a micro cosmic of what sebastian is talking about sanch s sebastian says he'll continue the trade to be unwound. it is six now. we are not there yet i think he's got a good point. there are a lot of cross

currents that complicates the situation. wednesday when the nasdaq roared because the vaccine is still six months away although it is not clear when the president says when we are going to get it when we are not take a look at the chart of the vix futures. investors are paying less in the future for the future. they go further out. it is a sign that people are less afraid of the future than the president. not long that covid is going up instead of down indicating fear and intrepidation. good news for the dow and not so good news for the tech and nasdaq i am talking so much about.

if covid cases keep soaring soaring, -- let's go saluting our troops it is not over yet let's take some call let's go to kenneth in michigan. >> booyah jim! >> long time cramer disciple i am a veteran of the united states air force my stock is dollar general jim, i would like your thoughts on what you expect out of their third quart er earnings being recorded on december 3rd >> dollar general is a tricky stock. i think the flash numbers are not looking that good as they should the conference call they tend to be able to talk the way. they should not have sold their stocks that's my strategy charlie in texas, charlie. >> hi, jim

long time fan. thank you for supporting the military >> what's your thought of buying with another covid shutdown and the covid-19 vaccine >> i got to tell you, the person, the new ceo is doing some work on. the merchandise is fresh and appearance is good this is one of the rare brick and mortars i am warming up to we are entering a new phase here investors are not as afraid as they used to be. much more "mad money." 90% of the business still use paper checks including the ones i have i am talking to the ceo hoping to disrupt the industry. don't miss my exclusive with

bill.com and our rapid fire of tonight's edition of "the willing round. stay with cramer

a month ago we ran a segment on what i call the modern red hot. since then many of these red hots have come down dramatically a big vaccine news on monday means the rest of the country will open so we don't need these. tonight i want to go back to one of the lesser known red hots bill.com

this helps business. here is a stock that came public last year. i like bill.com because it helps clients save money which is why it became attractive in the age of covid-19. by the time we cover the red hots last month -- maybe the pull back is coming. with bill.com seeking to 95 today. the company reported strong quarter last week. we have to exercise a little patient. let's check in with rene lasser. welcome to "mad money. >> hey jim, excited to be here and get a chance to talk to you and your audience. >> glad you are here if you can explain the value of proposition of bill.com and talk

abouts the manhattan soccer club these are companies that are companies. they have a lot of money coming in and out i thought bill.com provided an incredible service >> there is a massive point that every s&p have and that's paper. 90% of businesses rely on paper as a private form of managing it the manhattan club is no difference they have all sorts of challenges if you imagine you are doing this from the goodness of your heart and the support that you love that's just a pain that nobody wants. that's no different that every s&p has in this country. i know that because i grew up among a handful of businesses that my parents and grandparents have it was all the time. cash is paying you got to stretch out the payables and pull out the receivables and you need paper to do that

that's the tool that needs to go >> you have 100,000 customers now. >> the demand is incredible. you have 100,000 customers >> we are just getting started there are 6 million businesses in the u.s. that have employees. that's the proxy that we news. they need to automate the process. that's like you said money in their pocket when you can give people money in their pocket, that's a good day. >> our restaurants are dormant right now because of covid why do i need bill.com why should somebody that owns two restaurants use bill.com > >> it is an awesome question reporting the data around the transaction you have, what about

processing those transactions. the process i have when i started my company in 1999 was i walk around the office with a handful of invoices and checks ready to be signed and looking for people to say did we get what we wanted did that customer like the product? should i go invoice again or selling it myself. we eliminated all that so the reason to use it is you just want to get rid of the hassle one way that i think about it is we take the back profits and put it in the back pocket. that's what we do. >> we know the pandemic has hurt a lot of small businesses. some companies recommended today

that were full service restaurants and the recommendation line, 40% of these competitors are going to close so why not just buy cheesecake factory i got to ask bill.com whether they are seeing a huge number as businesses closed. >> what we have been excited about personally i come from a family of entrepreneurs. i have seen the resilience that i have my parents and grandparents, i see it in every one of our customers when covid hits, how do we help them we put money in charity so companies can get some grant we saw a dip and we talked about this we saw a dip in the transaction and we saw new customers coming in quickly because of the opportunity that they needed to manage that back office.

what we see by the next quarter is the total payment volume. it comes back to the prepandemic levels that's what i see businesses are doing. if small business are the life blood of america, oxygen >> i recently did a small business show @cnbc, what's the biggest reason why you can fail? i said the government and your paper work it is not whether you have a good restaurant or the product it is not customer service, it is the government and the paper work does bill.com help me any of the government comes by and see my books? >> definitely does >> if you think about that phrase the back offs and the back pocket if i was on my phone right now i have been on bill.com platform six months in starting the company. i have 13 years of data on my phone. every invoice i have ever paid or invoice collected on is all

there. if you do get audit, you can have it all and many of our customers do, they involve our accountant and give them access rights to help to get through it they get done much faster because of it. >> that's a great idea i am so glad you came on a lot of people make the mistakes thinking they can do it themselves >> thank you so much rene lacerte. great to meet you >> like wise, jim. >> you know what, we got to know the spike, they'll come back to bill.com think about this company it is a really interesting one "mad money" is back after the break. at calvert, we know responsible investing is hard.

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it is time for "the lightning round. are you ready? christian in georgia, christian! >> yes, sir, how are you >> speak to me >> so what do you think about gold >> i think gold is going down. that's a terrific opportunity to

buy gold gold or barrick gold >> let's go to wyatt in south carolina >> booyah, jim >> i want to know how you feel about las vegas sands? >> i think lvs is going to be fine to own. i do prefer win to lvs let's go to ryan in california ryan >> booyah jim, from the mighty navy and squad 11. >> thank you for serving what's going on? >> i am interested in lockheed martin in my portfolio considering the new direction the government is headed, i want to get your take on this stock >> i don't really care the defense department does well

under either administration. i prefer l-3 harris to lockheed martin but lockheed as tremendous ceo but, it is a good situation. andrew in new york, andrew >> jim, how are you doing? >> i am good, how about you? >> living the dream. >> all right: >> what are you thinking stock wise >> yeah, so i want to get your take on cancrnival here. >> norwegian, it will have enough money to last for a longer time. not great situation. it is norwegian to own >> daniel in california. >> thanks for having me on >> thank you >> unbelievable. >> what are your thoughts on

vonage >> i like d it for a long time it is now coming to it how about brian? >> booyah, jim >> my question is about macerich >> you need better quality in that this is not for me that, ladies and gentlemen, that concludes the"the lightning rou" >> "the lightning round" is sponsored by t.d. ameritrade

gos and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪

day after day i get the same question how the heck can stock go higher and higher all time highs today. the case numbers are so terrifying it doubles the last ten days it is a catastrophic economy if covid is representing the economy, that means there is got

to be something fishy. what if that's wrong we have now been living with covid for more than eight months i expect a new wave to do some serious economic the situation only seems apocolyptic. when you speak to ceo of food cisco or chuck robin they put in a ton of work to ensure their workers stay safe it is their tough priorities these companies lose a lot of money if it closes it is costly maybe the kate snoceos are tryio keep their employees safe is the right thing to do.

yep, they want to make money and not lose money which means they need to take the virus seriously. as a result, big businesses have been far more organized in response to covid than the federal government especially the agency that's responsible for it now i keep an eye on my twitter feed and i noticed that even if i am saying bad words about the president, i swear people will never watch me again what am i supposed to say about the covid situation? there is a pandemic and the president seems to be doing nothing but tweet about the election back in march and april, he was holding briefings to keep the american people in the loop and more infections now than we did back then. it is ill advised behavior from the white house that magnifies the gold and the big businesses.

they want to keep their jobs, the ceo have a plan. washington has no plan you know what it is not just the white house. our government has failed in every level. california has not let disney land open since march. they have not had any outbreak at disney or florida it should be fine. california let the bars open before they let disney land open, that's insane. businesses are strapped for cash, they struggle to stay for business they don't have the resources to adapt to the pandemic than the big business can business is the greatest force for change in this country which can be -- it shows me we always have to remember who we are dealing with the government can be slow and unreliable when corporate america wants to get something done for good or ill, they can make it happen that's a major reason the stock

market has been able to roar in spite of the pandemic even if the government keeps on dropping the darn ball. there is always a bull market some where i promise to find it just for you right here on "mad cramer ""the news with shepard smith"" starts now i'm shepard smith on cnbc, and this is "the news. >> who gets live saving medical care and who doesn't get life saving medical care. >> situation critical. testing, hospitals, ppe already maxed out in many areas. now it's on us to stop the spread of covid-19 >> my administration will then coordinate the distribution of the vaccine. >> president trump speaks publicly for the first time since his election defeat. >> this administration will not go under any circumstances, will not go to a lockdown.