>> steve >> bft >> pete? >> i am going with black zone. >> guy phillips 66, leveraged there is 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. i want to help you make money, my job is not only to entertain but to educate and tweet call me at 1-800-743-cnbc. holy cow, is this market one big game of jenga?

was the door dash ipo, the piece that took down the whole meta manifest averages were holding up fine until we saw where door dash was headed it was priced at $102 and next opening at $182. the dow sinked 105 points. and the nasdaq plunging. don't get me wrong, door dash is a good company i interviewed the ceo this morning. door dash is being valued at roughly $60.

a little crazy, is it? i told you not to pay more than $100 per share that's a hesitate think mobile given the competition and the lack of probability. the buyers pay 13 times sales. seems like bad luck, does it the image of my jengatower kep dancing in my head after a remarkable borderline miraculously for the broader market it gets worse. tomorrow air bnb comes public and it could be bigger than door dash we have to hope the rest of the jenga tower does not fall. what's going on? did they buy door dash at the

opening and forcing them to sell something else to pay for it when the price came in higher than expected? i have to believe we could see the same thing tomorrow. that'll produce back-to-back ugly days and bring out a lot of bears. remember the market got slammed in september, snow flake i could not find snow flake's name in the jenga game we got door dash and air bnb and robinhood around the corner. three jenga towers and collapses, can the market handle it first off i don't think this was exfolia the market maybe they were far higher than they thought they should have paid the price goes beyond the level you are comfortable with

that's a stock that opens 100 times sales and traded sideways a couple of months as much as i like the dasher, okay or air bnb for that matter hey, stay at a air bnb and use the dasher they're not snow flakes. they can't handle it they got too much business their software survives client support. then train them up rather than meaning to hire or bidding for expensive stanford graduates with computer science degree does the school have computer science? yes, they do but people love stanford because it is like really cool. when snow flake came public, there was nothing accidental about this explosive opening with door dash you don't need computer science. i got to presume that buyers didn't expect to pay so much

judging by the decline and the nasdaq away from the dasher, they were not capitalized as it needed to be that's what you saw. remember it was really the nasdaq that they did the selling, right that's the same kind of guys and at the same time the money management got a piece to deal why the heck not they're up 80% they're expected to drive this thing from $150 over the course of the month how could they not want to sell? that's why door dash quickly roll over and quickly jenga. at that point it is really ugly. it would have been the first big deal to break down after the opening lyft and uber. both of it took ages to recover. a door dash rebound. door dash's stock bounced back near the end of the session.

turns out the enthusiastic buyers who generally like the thing and the $60 valuation. the way it closed made me more bum lis bulli bullish. you would have a bunch of angry dissolution buyers it breaks the market's spirit. door dash rebounded. the deal costs temporary but it takes so long to build but you get the picture, right unlike door dash, the averages stayed down. i think today's action was, i am calling it helpful it was like a brush fire clearing out deadwood. a lot of gravity defined speculative stocks and the air bnb deal for bargain hunter i kapt tell you how many times i heard this market is getting

frot frothy i like what the young people are doing. and that's what's happening because they're offering on the assumption that they can't lose. i am all for speculation i am only actually the only person that comes on tv and says that you got to bring your register if you let your gains ride forever, what's going to happen is you will be baked like pancake like you were today. this is not a bad sound. i kind of like it. between door dash today and air bnb tomorrow and robinhood in near future, we are clearing away the froth, leaving us a healthier bull market underneath one thing i have learned when money manager sells everything to pay for the next big ipo, very few people will come on and tell you it is a buying opportunity. you will hear the ads and rich

imagination and now we are reverting to the good old days where investors care nothing but about the share. nothing could be further than the truth. we are not going back. we got millions of new very different attitude people. very different attitudes these are the new generation buyers these young stock pickers they don't know when to fall. they can't get too greedy at times. >> yes, they have to learn that there is a price where they can lose money and all stock just don't go up. now they're only discovering that market orders are the devil's playground the bottom line this week's nightmare, ipo won't collapse the tower. the news supply from these deals revert, based on the promise of these covid vaccines and the reopening of economy

real positives will produce real wealth phil in new jersey, phil >> hey booyah, jim, how are you pal? >> i am good, how about you? >> happy hanukkah to you >> oh, done your way >> a question pertaining alibaba. with the trump administration of chinese stocks that don't comply and chinese postponing the ipo, do you think alibaba is a good buying point >> the reason i recommend al by the w alibaba is the only one in china. alibaba is just like any american company i like alibaba has been on my buy list forever and you are in a terrific shape on that one can we get robert in north carolina, robert >> hey, jersey jim cramer. hello from north carolina.

>> a beautiful place >> my beach house is okay. it is nothing to rave about. >> yeah, to play golf down here? >> not a golfer. i don't have the temperament you know so what's up >> hey, i got a question kimberly-clark back in april, depth charge to $112 august to $158 then they had bad earnings, the third quarter and down to $136 >> torpedos. >> what's wrong with the management of that company >> they're fine. the chinese is giving them a hard time. it is an okay stock when you include the dividend i am not going to back away from kimberly-clark it sure seems like the market is

one big game of jenga, does it it does feel that way at times all right. don't worry, the tower is still here, all right? mad money tonight, since 1969, 34 out of 45 years, we have seen a late christmas or december rally. is a santa claus rally on the horizon this year? i am going off the chart to find out. one of the world's largest investors will drop their stock the next five years. how is the best of the best chevron positioning itself why don't we bring in the ceo? why not? american with diabetes and heart conditions are 12 times are likely to die from covid-19. men, those are tough odds. let's bring in the ceo of dexcom if he can continue to help patients during the pandemic and stay with cramer

>> don't miss a second of "mad money," follow @jim cramer on twitter. have a question? tweet cramer, #madtweets, send jimm jim an e-mail to madmoney.cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com, what if you could have the perspective to see more? at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge.

today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley. into strategies for the road ahead. 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.

help the world believe in holiday magic.thing and this year was harder than ever. and yet, somehow, you all found a way to pull it off. it's not about the toys or the ornaments but about coming together. santa, santa, you're on mute! just wanted to say thanks. thanks for believing.

what do we do with this market it is now taking a little breather and it won't be that long, honestly it had an incredible run we are still an unchartered territory. the average is trading tlilike e pandemic never happened. we got the prospect of highly

effective vaccines around the quarter oroz kor vicovid is rung rapt 25,000 infections yesterday. the average is caught between a hopeful future and a grim reality of the president that's not how it is playing out though the past eight months the market has been taken over by a new generation of nvestors they're optimistic than their parents. how these young stock pickers don't play by the same rules as the professionals. they don't care about metrics. that means the traditional money management from tool kit could do a stretch tchlt it is no longer the driver seat you need to take a quantitative approach that's why tonight we are going up the chart with the help of larry williams, he's been training stocks since i was a

little kid, this guy is a legend he's written over a dozen books. most important he got a terrific track record, and especially on "mad money," back in april everyone was talking about the sky's falling. he gave us a fabulous 4th of july trade if last month he laid out a thanksgiving day trade pointing out retailers tend to rally thanksgiving to christmas even we may need to lean more into ecommerce this year. apple is up a quick 10% recommended. williams is searching for these cycles cycles that repeat themselves time and time again. he spotted a seasonal pattern that can give the market a leg

higher i want you to take out this daily chart of the s&p 500 it shows the williams' true seasonal in declaration. he practically invented this method everything is the williams he invented the stock. now the s&p is looking at a brief period of consolidation over the next week we are in that right now perhaps that's related to this ipo choppiness it predicts that the rally will go into over drive a couple of days before christmas, all right? staying strong through the last week of december and the first week of january. wow. wow. i like that. how about isn't it true. >> so now we take advantag advantage -- what do we do we'll make some money from it. william hav williams had run the numbers

since. you would have made money 21 times out of 22. look at this this is gold, guys those rates, if you had any gain, any betting or any predictor or horses or cars or blackjack, you would do this over and over again. it is stocks, people you could have a nice trade by buying on that prechristmas moment see this fifth day before christmas how about individual stocks? i know a lot of you are confused of the future. it is a $300 billion stock first take a look at the daily chart with seasonal pattern in red. the visas tend to rally hard of the first couple months of the new year visas is one of the favorites and this year of the stock has

been consistent of following the seasonal pattern the january and february upswing is still on. his thesis, people splurge over the holiday. williams ran the number for the past 11 years and he finds that you can consistently made the most money if you bought the day before the holiday, that works ten out of 11 times. see? this is holding for 35 days. one day before the holiday t 10 out of 11. how retail tends to run during the period of maximum shopping if anything he thinks you should be looking at opportunities to

sell them. take a look at this s&p, the s&p retailer etf you can see the seasonal pattern turns to retail right now and staying ugly in january. i am not sure because i think that the essential, n non-essential may appear given covid. you know what? the charts they tend to know all. it is not just the merges. this one is from williams so i have to take it seriously. i am a big fan of these two because they're integral to the stay-at-home economy i expect them to have a terrific season if you look at the chart of ups, williams see the forecast is about to get real ugly you know i am talking to the ce

from home depot, the former cfo there and covid and the fact that they change the price schedule look at fedex, again, it looks like it is time to take profits. this is hard for me because i don't like to go against larry it is turning for a nightmare to them i think it is going to be different this year. they have taken steps to adjust to the pandemic and have big business transporting vaccines the chart disagrees with me, it makes me feel less certain and i hate to say this it makes you feel that way, too. one last kicker. williams said it is time to ring it on airlines

i didn't believe it. they had a huge amount of stock. they needed a big offering i know a lot of younger investors love the airlines. williams himself was indeed a big fan in the year. he thinks going to get ugly. i spoke to the ceo today i can't tell you he's reassuring the numbers are not that good. the bottom line, the chart interpreted by the legendary larry williams like i said, i don't like to go against him. it could be poised for one more move higher. however, he thinks that rally may not include some of the market's biggest winners, like the freight plays or the airlines you got to be a little more circumspect than you may like to be we have much more "mad money" including my talk with chevron how can the sector reinvent itself i am going to ask the ceo.

that number is expected to sadly expand of people living with diabetes it is showing no sign of evading. i wi it is time to do what's right, roll up your sleeves and get jabbed i can't wait to get my covid-19 vaccine. stay with cramer before we talk about tax-smart investing, what's new? -well, audrey's expecting... -twins!

grandparents! we want to put money aside for them, so...change in plans. alright, let's see what we can adjust. ♪ we'd be closer to the twins. change in plans. okay. mom, are you painting again? you could sell these. lemme guess, change in plans? at fidelity, a change in plans is always part of the plan. it's not about how far apart we are, lemme guess, change in plans? it's about how close we can be. so we're bringing out our best deal on the new iphone 12 with 5g, on every plan. right now, get the iphone 12 on us on every single plan. switch now and save 20% on your bill versus the other guys. that's the best value in wireless. that's right. the iphone 12 on us. on america's largest 5g network. and save 20% per month. it's time to holiday on. it's time for t-mobile. 100% online car buying. carvana's had a lot of firsts. car vending machines.

and now, putting you in control of your financing. at carvana, get personalized terms, browse for cars that fit your budget, then customize your down payment and monthly payment. and these aren't made-up numbers. it's what you'll really pay, right down to the penny. whether you're shopping or just looking. it only takes a few seconds, and it won't affect your credit score. finally! a totally different way to finance your ride. only from carvana. the new way to buy a car.

so you got to solve this for me. as long as i have been in the business, i heard one company that was the best. it was a company called exxon. there were a lot of others that were doing well, now there are chevron and there is really everybody else everyone is worry with about the dividend and production that are not conserved. what happens to chevron that the other guys should have listened to >> well, jim, different companies have made different choices and as we came into this and as we have gone through

this it changes the dividend policies and some have changed their financial priorities we have not. our dividend is secured and balance sheet is strong and strategies are intact and our investors know they can count on us we were well prepared as we went through this cycle people realize that we have been constant at a time where many others have changed. you were aggressive in the gulf of mexico. they don't run out of those wells. everyone else went away from it. how did you have a vision to do that it is a long-term business demand for energy in the world is enormous.

we got to take a long view on investments. and preparing for a market that's volatile and predictable. we have to look at the front window 20 years down the road and we look out the window of the house today and see what's going on today and manage our way through both so going out 20 years. i could see a visionary saying you know what, it is time to disenfranchise gas and bringing the gas to the west and make it so there is a pipeline from israel all the way up to central europe and that could be something that's 20 or 25 years project. high in the sky? >> that's one of the opportunity to commercial size a large gas resource in the mediterranean water. the market in israel and egypt and georgia, there is opportunity to take liquified

natural gas and led to feed the market those are options to commercially develop that resource and supply markets in an affordable raw manner that's the one thing that our company does really well >> i noticed that you seem to be able to have common ground of whoever that's in the white house. is it possible that they make it where you can't enjoy your property >> we have been in business for a long time, we work with republicans and democrats. we start with common ground.

the government wants economic and prosperity for its people and a cleaner environment. we look for the common ground. we are a critical part of the economy. we may not agree 100% of any given administration on everything but there is usually we are aligned on than we have different views on and we work our way through those things and with different points of views and that's what we expect to do with this administration and every one that follows >> how do you sit down with young managers we are about trying to be carbon neutral and make it so carbon negative so to speak what happens if too many managers start thinking that way? >> managers want better returns. i boil our strategy down to four

simple words, higher returns and lower carbon we need to do both we need to find ways to invest for our shareholders and good for the environment. and if all we do is invest in things that have an environmental case and don't create values, that's not sustainable. we sit down with portfolio managers of all ages and all level of experiencs of experien about returns. that's what investors are looking for. >> some managers feel jim, do you not see the future or tesla or the hydrogen fuel sales do you think demand is big out 20 or 30 years they feel it is gone away faster than you and i think that causes me to pull my horn

on a group that i really like. >> we expect a lower carbon energy system. the energy system is moving towards lower carbon coal came along and displaced wood and you have gas, liquid and solar and hydrogen now we are investing today and i will give you an example if you ever driven by a dairy farm, there is a certain role that you may recall. we are actually capturing the waste products from dairy farms now, fermenting those products to create the natural gas product and cleaning it up intoe we create a renewable product. we are investing in things like that we are investing in hydrogen and we are investing in technologies

that can scale and make a real difference and be apart of a lower carbon energy system this is the history of our company and i believe it is the future >> how about putting hydrogen fuel sales, how about making that statement and saying to the rest of the industry and all the enthusiasts, we are not doing something right now that's economic but it is going to kill it in the five or six years. you can do that, mike, you are the visionary and you got the balance sheet. >> well, we are working on these kinds of things. i come back to it, it is an and world. we have to find things that work for shareholders and the environment and that's exactly what we are working on so i think you are going to see our company and you will see others in our industry that continue to find solutions and this is a challenge that's too big for any one company and any one industry or any one country in the world to completely address we'll work

in partnership with others and continue to advance. >> mike, you have been the voice of reasons your company has been a scientific company all along mike wirth, ceo of chevron, great to see you, sir. >> good to be with you >> "mad money" is back

♪ ♪ ♪ heart monitors that let your doctor watch over you, just like you watch over your best friend. another life-changing technology from abbott, so you don't wait for life. you live it. is it time to circle back to dexcom it is having a huge run this year diabetes is a major risk factor for covid-19

what happened? well, some of this is because the stock got over heated. after all, despite the pull back, it is more than 50% of the year some of it because when dexcom reported, the quarter was not perfect. imagine their new blood sugar monitor is only rolling out in several key markets next year. now today dexcom is selling off 4% imagine growth for 2025 is pulling a little short of an announcement that we are looking for. could this be a buying opportunity or be concern that the growth is growing? let's check in the chairman and ceo of dexcom. welcome back to "mad money." >> good to see you again >> i know better to buy in the

whole idea of 2025 and you said you are going to do something similar then was there a guide down today at your meeting >> no, there was not s the this this is the long-term plan and back in 2018 we said we would between 2 and 2.5 million by the end of 2023. we have done it in a couple of years. i am not saying we are going to do it in a couple of years, we are looking at competitive factor and market dynamic options. there are accelerants that can be in our model or as we go into other markets. what we presented was the best case that we feel responsible and there is a lot of work to do so that's what we presented today.

we are more bullish of the business than we are >> there is a downgrade in november recent approval in europe and because the price gap is closing, abbott is making a bit of a price for it. i have been hearing the story for years. any time libre comes out, are they cutting prices and is it hurting dexcom prices? >> we have been adjusting our pricing for the past several years as we move to different channels when we got medicare approval in 2017, that was a lower annual value per customer we chosen to move our product to the pharmacy channel in the u.s. to make that experience easier for patients to get our products where they interact with our diabetes supplies and drugs and other things that's a lower price channel

with much better operating margins because we don't have all the other things in the middle and as we go international markets, reimbursement is lower this is a bit why i was a bit confused in q-3. our volume more than doubled and the gross margins are 5% better. who manages their situation better than that we have. as we get more access to patients, we are happy to ship in these better channels >> i work out and a quarter after 5, i see a dexcom. now, i understand, you are talking about broadening the channel especially in an era

where there is more aware necessaawareness and you know where to get it watch tv >> absolutely. >> that's it >> we need to create more awareness. as we create more awareness, we have to make it easy for patients to come to us we just started a program called hello dexcom where our caregivers will have samples to give to patients in the office and go home and try it we have not had that before on our adoption rate and that program has been outstanding you see the ad on television and gou go to your doctor and you get it and we are off to the races. >> you posted massive growth of 40%. that's what's relevant you got to grow them and keep them our satisfaction scores and retention rate has never been higher with our g-6 system now

>> and g-7, can you give us a feel for it? some people are saying it is late i don't know who says this stuff. i have known you for a long time and you never said anything that didn't happen. i am trying to figure out. he toll us exactly this on air >> let's take a step back. we didn't say as covid started, our medical studies, we'll do the late six months and they have been. we are back in the clinic and we completed our first base of our study. we have more data coming because united states requires extensive data set g-7, we are ready to scale the manufactures and the data from it the best way i can describe g-7 is everything is loved about

g-6. g-7 is better. new app and more connectivity, you name it. g g-7 is a complete change of what we have done in the past we'll see how everything else shapes out with the fda and we have not given a firm launch date but it will come. we are doing remark kpably well. >> everybody wants to take a shot as long as i have known you. all you do is deliver and deliver. nobody seems to lay it on you because you are a better company and a better product ceo of dexcom, mr. sayer good to see you. >> good to see you, jim, thanks for having us on the show.

lightning round is sponsored by t.d. ameritrade it is time it is time for the lightning round. are you ready? bruce in florida, bruce!

>> cramer, how are you >> i am good, bruce, how about you? >> i am doing well cramer, this is bruce, pensacola beach. this is the big oyster push-backer booyah to you! >> why don't we go fishing in escambia bay, we may be catching something, my friend >> i am not sure >> go ahead, let's make some money. >> it is beautiful jim, i was holding some schlumber ger. >> i am not a big fan of it

anymore. >> let's go to rob in california >> this year it is up 105 along. i want to get your thoughts on the match. >> oh, match israe real. it is good let's go with judge in new york. >> i have been watching your show since my grandmother. i want your thoughts on build.com. >> i am giving you too we like bill.com >> i need to go to anne mary >> booyah. >> my question is about renewable energy group >> can i suggest that you keep clean harbor and oh, holy cow, that's it.

i spent so much time talking about the fish and table with that gentleman there with the white fish there ladies and gentlemen, that's the conclusion of "the lightning round. the lightning round is sponsored by td ameritrade turn on my tv and boom, it's got all my favorite shows right there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners 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. ♪

i can't wait to roll up my sleeves and get jabbed with the vaccine. i don't care how much it hurts i want to be able to stop worrying about the darn virus. when i started warning you about covid-19, i was afraid we would not be able to stop it i read the literature and listened to dozens of the experts, and at best it would take a here-yeyear and a half f

vaccine. at first we didn't know how it could spread, we focus on handshakes and -- and you know what it worked. i know it is easy to be cynical and easy to be scared. more than 200,000 americans have died and millions are out of work and businesses are all closed all over the place and democrats and republicans cannot seem to reach a compromise mnuchin suggested giving house h holds $600 per person. i say why not give both. i think we should throw money at

people like every other developed countries do it. more importantly we have to pay people to get the ravaccines not only because it saves lives. if you pay people taking the vaccines we'll see a different tune even if the government does nothing else, we are seeing nothing but miraculously pfizer and moderna is unbelievable i know the pfizer vaccine has a freezer requirement. we could be a perfect surprise from j&j i was worried we would not get more news of the vaccine until the middle of the first quarter. the grim scenario in the u.s. and europe making it easy for them to assess the effectiveness. i bet those guys can be making a

billion doses of the same before it gets approved put it all together and we could be headed for r tthe mother of high problems. by the middle of first quarter, we may be looking at a vaccine glut, a glut at least in the developed world. what a fabulous problem to have. which leads me to make a bull prediction my wife gave me a dynamite party, and i ruined it because the last time we ever had fun. i wrecked the party because of the pandemic i don't know if she will throw me another party after what i did last year. thanks to science, we are on the cusp of having fun again the whole thing is surreal i don't want to get too far ahead, there is a real chance that you will be able to get vaccinated the next few months does it sound crazy to you it sounded darn crazy when i

warned you about covid last february, too. we live in an insane world it is about to be insane in a good way take the win 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, th i'm shepard smith on cnbc and this is the news >> let's get this debate under way. >> all talk, no action americans demand disaster relief, but will corporations get protection before people get money? tonight, we'll ask a key senator in the middle of it all. >> we will not allow any company to think that they are too big to fail. >> facebook lawsuit. 48 attorneys general taking the social media giant to court. what they say is happening that's hurting users >> hospitalization rates are at