out of vietnam they don't have any of those worries so this is a buyers' gift >> karen >> i think coin base is interesting for a trade. not a long-term investment, but just a trade on the heels of the bitcoi starts right now 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 like to make friends, i want to make money. my job is not to just entertain you but to educate and teach you. call me at 1-800-743-cnbc or tweet me @jimcramer. you know i haven't been a fan of the market for weeks

when i saw the futures rolling over when i got up at 3 a.m., it drove me nuts. why? you sell stocks for a reason when there's no reason, it makes no sense for the market to go down sure enough, there was no reason when we started getting positive vibes from washington, is it finished up only 100 points. unfathomable if you think back a few hours ago. when the market was down i searched for reasons for the decline. germany's been leading the world for pushing for more environmentally friendly sources of energy. it shouldn't be a surprise this is happening again

all things the same, america as natural gas exporters has been offering the germans tons of supply they weren't interested. if we got more investment from europe we could have had twice the natural gas export building that pipeline across europe could be a pain in the neck they'd rather remain hostage to russia meanwhile, they're complaining about the windmills not working in holland i'm like don kiote, i know a windmill when i see one. you can't go all in on wind as a way of better storage technology it might always be sunny in philadelphia, germany is sunny 30% of the time. this reminds me when they had a

financial selloff. it was moron nick but it was great buying we got a lot of fighter jets it's amazing we can have trade talks with china when they're intimidating our trade partners. what the hell did australia do dow is another environmentally unfriendly company trying to go green. just listen to jim talk about the new plant he's building in canada he's drastically cutting down on dow's emissions while boosting production to meet demand. i think it's a green stock

wow. and the business is so strong that it's hard to see a full stock. general motors for this gigantic number of vehicles over the next couple of years. many going hands free. it can help us solve the trucking shortage where we don't have enough drivers. think of how robust the sales will be. gm sells 9 times more than next year's earnings. dow and gm have the environment and it helps them feel good. they never -- there's never -- they didn't have enough reason toss do it in doing business for business is good for their stocks because of the usg funds it has the added advantage of being good for the world mary bara and jim fitterling can care about we have the fang naysayers a fund manager was saying it's good to get in often the reflation trade.

that could be right. this manager said you had to throw out the tech stocks because it won't work in a current inflationary environment. i keep coming back to the principle source of requirements you know how we solve labor shortages? how we've always done it, with technology you know which companies don't have good sources off the coast? technology the cloud stocks don't tell me they're wrong here i've heard people say the government should step in and sort out the supply chain mess i wish they could solve the logistics problems they should subcontract this out to amazon. facebook's got real problems but i think they're making progress. oh, man, mark zuckerberg penned a long letter about what they're doing right. at least he's talking about

safety being a core value and his need as a parent is a big charge i know zuckerberg doesn't think there's any need for the revelations. he stresses facebook is an industry leader saying that's not saying much given the state of the social media. i hope he understands he's running the largest media company of the world if they have content that's harming teens, they should catch it he personally must take charge of this issue to catch what's happening. you may disagree with this, but after reading this morning's tweet, i think he's going to do it still, putting it altogether made no sense for the market to be down this morning think of the other problems weighing are self-inflicted, man-made problems created in washington manmade problems are stupid they're here to solve. we had spiking oil prices and they were considering opening

the strategic petroleum reserve. we got some encouraging news that the congress may kick the can down the road. that's silly they might finally pass biden's infrastructure packages. no wonder the averages came roaring back here's how i see this moment we're at the end of the most seasonally difficult part of the year covid is on the end. marty mucci told us from paychex, these are reasons to buy and not sell when i the way, costco, an investment club special after the close delivered a monster number that can help the bullish cost we did a piece about costco. bottom line, after years -- no, after weeks of -- after weeks of carnage where everything turned out to be a trap people don't know what to do when they're confused, of course

they sell. maybe you sold at 9:30 i hope not as i told investment club members this week, i think that when the market's down like it was this morning, you do some buying how about jim in florida jim. >> caller: boo-yah, im. >> jimmy chill says boo-yah back. >> caller: cape coral florida where it's raining like hell. >> what the hell is that >> caller: i have a lot of novo vax, nvax. with the efficacy that it's been having and the great trial results, why has not been approved by the fda? >> you know what, i think you asked a great question i have always been suspicious of novavax because i don't think, frankly, that the regulators are as keen on novavax as is novavax on novavax i don't recommend this stock

let's go to andrew in michigan andrew >> caller: jimmy chill >> what's happening? >> caller: i need to give you an undefeated michigan state boo-yah! >> wow >> caller: jim, i've been watching your show since i was a student at michigan state 13 years ago. i started the investing club emails this week and i wanted to tell you it is the best thing you have ever done for your followers. >> you are too kind. i should have done a club like this years ago i don't want your money. i don't want your commissions. i want to teach. i've got the right thing thank you very much. i want to teach at michigan state. let me go. let me go back there i want to go back to michigan and do some teaching >> caller: it's the best we appreciate the honesty. i look forward to it every day >> many more to come another bulletin preparing during commercial. what's happening >> caller: can't wait. the stock i'm calling about has pulled back about 20% from the high traiting at a pe below the

market and will benefit from up coming spend on semiconductor manufacturing. is this a good level to get into land research? >> just literally checked in on lam. just literally checked in on lam and the answer is -- yes, it is. it's the right time. the right machines they have fabulous management. i was thinking of doing a piece on it. lam is correct i'm going to have a king's chicken but not a lam. >> larry in washington. >> caller: yes, 1yjim. i have stock i bought 22 years ago. at that time the debt was around 30%. today it's up around 120% so i've been trying to figure out, what do i own? >> hold it what's the stock >> mcdonald's? >> oh, geez mcdonald's you own that because the

dividend keeps going higher because the business is terrific, management is strong they have so much gravy. that's the club i want to do i think mcdonald's is a fantastic stock to own right now you need to think about why you own stocks in the first place. if your thesis is still intact, it's time to muster up some convention when the market is down marvell technology is taking away the competition what does the 5g innovator and high performance computing chip maker have planned in the future chat with the ceo. he's on the show constellation brands fell. what does the company have planned to help the stock bubble up higher? how about a couple of modello's with me after the bell >> you have to wait until after the show levis reported after the show a share buy back after a top and bottom line beat i'm trying a quarter on for size i know, apparel is a tough

business why don't we listen to the ceo why don't we stick with cramer don't miss a second of "mad money. follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss setngomhi miss setngomhi head to madmoney.cnbc.com.

you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire

in business, setbacks change everything. matchin so get comcastription. business internet and add securityedge. it helps keep your network safe by scanning for threats every 10 minutes. and unlike some cybersecurity options, this helps protect every connected device. yours, your employees' and even your customers'. so you can stay ahead. get started with a great offer and ask how you can add comcast business securityedge. plus for a limited time, ask how to get a $500 prepaid card when you upgrade. call today. even in a not so hot market some stocks are so strong. take marvell technology. they've got a ton of 5g and data center exposure.

this is a long-time cramer fav one that's been a huge winner for the travel trust the only problem, marvell just tanked 7%. if you bought at the lows on monday you're now up 7 bucks let's talk to murphy, the president and ceo and incredibly competitive guy of marvell technology mr. murphy, welcome back to "mad money." >> thanks, jim great to be here. >> this is a record time transition in the last five years i've not seen anybody do anything like you have we have to talk about the new marvell. this company was substantially different from the day i met you. talk about the journey and where you are now. >> thanks, jim it's been a five-year transformation journey we've done tremendous investment in organic, storage to

networking they were transformational to marvell. we closed two deals with year, one in april and then a second one yesterday. so the result of all of this is we've got all the pieces that we need to be the leading company in supplying solutions for what we call the data infrastructure market cloud computing, 5g, next generation automotive. we assembled all the pieces. i think we're one of the most exciting companies in the industry. >> i couldn't agree more i didn't see high performance computing coming i have to tell you i often thought if amd weren't caught up in the acquisition and if nvidia hadn't been caught up in doing arm, they would have bought the last thing you bought. it would have been a perfect fit.

nfi which is the acquisition we announced in april and it closed in october, it's one of the premiere companies it was very expensive and the fact that we're able to get it done was tremendous and we're already seeing the benefits of that, by the way, jim, in the second quarter which was the first full quarter of inphi as part of marvell. it beat where street had thought it would be. it was a creative to eps in the first quarter out where i think when -- if you remember when we announced the deal the stock fell and people thought that this was going to be a diluted transaction. it's creative to earnings and driven up the entire company growth rate. i think we were able to time that just right. for us it was a perfect fit and really filled out our portfolio in a meaningful way. >> i remember when i talked with you when you did the acquisition. i wish people had 5,000 more

people i would have felt better. everyone thought that you overpaid i was out there defending you. you exceeded every single expectation which brings me to what happens next? the reason i say that is you know everyone is going to the president, the commerce secretary saying we need more money for these incredibly low end chips. totally sympathetic. i like ford, i like gm, matt, your portfolio is the one people want your portfolio has the margins and the growth where can marvell go when we know everyone wants to be in regular old full feature chips you do have auto tell us what the future is here. >> we now address the sweet spot of the semiconductor industry. what we said in our investor day today. we're in a $20 billion market today. that's where marvell operates going to $30 billion in the next few years. that's a growth rate of just a

market alone of 13% a year if you look at any other major semiconductor company, nobody's in those secular growth trends the primary driver of that market growth, jim, is cloud computing. that's really where a lot of our big announcements today was around how marvell is pioneering the concept of cloud optimizing silicon. hiring silicon teams, people investing in their own chips actually, we're the company behind the scenes that goes and makes it happen. and that -- that market now is such that we've -- can articulate as a company 15 to 20% long-term growth driven primarily by the cloud, then 5g as you mentioned that's still tracking extremely well a lot of that is still in front of us. and then automotive which think of us, jim, as being in all the new future cars, the new chips for automotive the networking chips, the

computing chips, the storage chips. that's where the future of automotive is going. >> matt, just on that point and your slide, our opportunity by end market 24% data center totally got that i was shocked, the large -- the best is 28% auto industrial. i mean, it has that good opportunity? what happens if the cycle turns down, business cycle or do you think demand is so strong for cloud that it really doesn't matter >> sure. well, i think two aspects. the two you mentioned were data center and automotive, right data center, the cloud is the biggest portion of that. that is on a long-term secular growth trend that is not going to stop any time soon and on top of that we have pretty substantial share gains, content gains and opportunity. on automotive, it's growing a little bit faster. it's a smaller market for us today but, again, that's where units don't need to grow in automotive to win big. think about it this way, five years ago our business in

automotive was approximately zero dollars it's currently on a $100 million run rate we identified we're in a market that's going to $1 billion and we can get, you know, about 50% of that and that's, again, that's all in front of us. then we made one other announcement today which was the -- we made an announcement around being in the compute side in automotive, which think of automotive now instead of the engine being the key thing that people care about, they're going to care about the electronics. the computing. the networking what enables all of these applications, enables self-driving enables connectivity and that's a new market for marvell that one could be as high as $5 billion market in the next few years. again, we're just getting started there. tremendous opportunities from 5g to cloud to automotive that are going to span over the next decade plus and that's why we're really excited about the prospects of this company. it's very unique, the position we're in. >> it's amazing demand, amazing

the right chips. fantastic stuff in the deck where you talk about headlines of what's going on anybody's expanding, it all leads to you matt murphy, you put together an amazing company. i'm glad we stayed in touch. this has been triple for my trust. i so don't want to sell. i wish we had bought more during that last dip. thank you so much for coming on "mad money." >> thanks, jim. >> that's matt murphy of marvell, mrvl. it's just a great company. "mad money" is back after the break. coming up, has an earnings mess left constellation brands dizzy with disappointment or should investors shake off the cobwebs and toast the stock that's bubbling with confidence.

hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, asap! so basically i can pick the right plan for each employee... yeah i should've just led with that... with at&t business... you can pick the best plan for each employee and only pay for the features they need.

♪ earnings season has barely gotten started but already we start hearing the same story even though sales are up nicely, profits are taking a bit of a hit thanks to the higher costs i heard pallet costs take constellation brands, a host of wine, beer, liquor brands co corona, modelo they took a bit of a hit management also raised their earnings forecast for the year suggesting they can get the cost problems under control or sales are exploding. if that's the case, stocks are too cheap at 18 times earnings let's hear from the president. welcome back to "mad money." >> thanks, jim good to be here. >> i have to tell you, there

were so many things that went wrong and you still beat the number my take away is you have one hell of a business if that can happen you still delivered the numbers because sales were so great. tick down the things that went wrong and then tell me how they're going to go right. >> main thing that went wrong, jim, is the obsolescence charge that we had around seltzer seltzer didn't go particularly well but our entire miss was because of the obsolescence charge when you have the top line you have brands like modello up 16%. it has household penetration the prisoner, same way great key wine brands. we remain excited about the growth profile of all of our brands we had a one-time charge that obviously hurt the bottom line we raised guidance because we have a lot of confidence in being able to absorb that charge and still beat the numbers at

the end of the year. >> when we look at the overall growth of the beer market in the u.s., has that changed is it still mostly you >> it's roughly flat but our business is up 8%. we are gaining a lot of share in the marketplace compared to all of our competition >> so let's talk about both cannabis and hard seltzer. these turn out to be a little bit harder categories. when boston beer said hard seltzer hit a wall cannabis is difficult. without the government saying let's have it. are these solvable problems, hard seltzer and cannabis. you know if we didn't have them, the numbers would look extraordinary. >> seltzer is i think a little bit different than cannabis. certainly the seltzer category has had a bit of a lid put on it in the last, say, eight weeks or so everybody over estimated what the growth profile was going to look like for this year but it's still a fairly minimal part of our business our main growth profile is still our core beer business we still think that seltzer is

going to be an important part of the category going forward although probably at a much lower growth profile our focus is bringing different products to the table that are differentiated and not spend a lot of time on me too. when it comes to cannabis, obviously we're all waiting for legalization and canopy is spending a lot of time focused on developing their cbd business in the u.s you probably saw their business this past quarter was up 91% versus a year ago. focused on things like martha stewart and quatro and things of that nature. so we're very excited about where it has potential to go, but a lot of the long-term benefit is going to rely on legalization. >> now it doesn't seem to matter in terms of the cash that you generate because i don't think people realize you repurchased 6.2 million shares, $1.4 billion most companies stop repurchasing their shares during this period. why are you being so aggressive? >> we made that commitment, jim.

we said we were going to return 5 billion to shareholders. we've done over 60% of that already and we're ahead of what our plan is. we're cash flow generative as you said but we can still do that while investing behind the future success of our beer business and that's where our capital allocation is focused on growth and focused on returning dollars to shareholders. >> bill, we've given up. we think pallets are like that pallets is a new one cartons. aluminum i hear it endlessly. i've been in this business a long time. so have you. sometimes when people think they're going to trend line all the way up we do get too much aluminum comes online, too much wood comes online. won't there be a moment where they said, they over estimated the demand for aluminum, they over estimated -- this cycle can't be any different that's what always happens >> i tonight think so. i agree with you certainly all of this is cyclical over the course of time i think the important part for businesses like ours is we're

heavily hedged on many of these things over 60% in the aluminum category as an example as you know, we have our own glass factory in combination with a partner we do a lot to try to make sure that we are hedged against these issues so that while there are starts and stops, overall we help to smooth it out over time. >> i just think that in the end when i listen to all the things that happened, i was actually surprised that when the number came out and i said, uh-oh when i read the fine print, what was that bill about the smokey wine that's just the fires? i mean, anything -- >> right. >> whatever went wrong could go wrong and yet you still raised forecast what happens if things all go right? >> we'll have a lovely quarter certainly we're very excited about where our business is and the future of our business and we're very confident that we're going to succeed at the end of the year which is why we raised our guidance we think our brands are very much performing in the

marketplace and taking share and we expect that to continue. >> yeah. your stock's too cheap i don't blame you for buying every share you do. >> i agree. >> that's bill newlis, stz they're buying tons of stock back they've been incredibly savvy. a lot of things went wrong and they still raised numbers just like pepsico yesterday see that stock up big today when people realized what was going on "mad money" is back after the break. coming up, what do you call a group of investors who bet against levis? jean shorts. cramer digs into denim next.

millions of vulnerable americans struggle to get reliable transportation to their medical appointments. that's why i started medhaul. citi launched the impact fund to invest in both women and entrepreneurs of color like me, so i can realize my vision and give everything i've got to my company, and my community. i got you. for the love of people. for the love of community. for the love of progress. citi.

all right. it's been a couple rough months for the apparel stocks dragged down by global supply chain. that selloff has created buying opportunities. check out levi strauss company denim is back in style again because it's a well-run company. lee advice jumped to 30 in july. since then the stock has drifted lower seeking $24 and change it turns out business is excellent. when levis reported after the close, they beat earnings. they're conservative people. i think this is a textbook case of under promise and over deliver. i'm betting the stock has more room to run. let's check in with chip burn. president and ceo of levi strauss & company. >> good to see you, too.

>> chip, i thought the numbers given covid were terrific. what i'm trying to figure out, there's a big denim cycle going. how much is just riding the denim cycle and how much of it is company specific? >> that's a good question. matt boss asked a similar question on our earnings call an hour ago some of this is a tailwind in the industry, the denim cycle which i think i was the first one to point out. >> yes, you were. >> it's definitely a tailwind. we're saying half of our sales last quarter were driving the new denim cycle. a lot is company specific. we've remapped our u.s. wholesale distribution to be more premium we're in premium customers like nordstrom. we've worked hard on our structural economics you're seeing that in gross margins which were 57.5% this quarter. we're been in the 57% range for

three quarters in a row. we have record profitability in this q3 of $222 million. i mean, so we're seeing in our structural economics we're seeing it in our distribution and we're seeing it in the pricing power of the lee advice brand at the end of the day this comes down to the strength of the lee advice brand and our aurs are up versus both last year and 2019 driven by pricing that we've taken over the last 12 months and that sets us up really well given the inflationary pressures and given what's happening with cotton right now >> i'm glad you mentioned cotton i've been getting emails from people saying, you know what, jim, you have to back away from apparel stocks cotton is through the roof the chinese are taking our cotton that means the next quarter is worse. i say to companies like chip bergh, that you know how to source and you are not going to take it lying down and say i have to take a beating

is my characterization too bullish? >> you're absolutely right it's a supply chain in total comment. we have a very, very distributed supply chain we operate in more than 24 countries. no single country represents more than 20% of our volume. we also cross source about half of our volume which means we can make the same product in multiple sources in different countries giving us real agility to be ableto shift markets rea quickly. so, for example, when the tariffs went into place in china, at that point in time we were importing about 8% of our product here in the u.s. what's coming from china. today it's less than 1%. vietnam has been in the news because of all of the factories shut down in vietnam and the impact that's had on other apparel players. it's less than 4% of our volume today. we've been able to pivot very, very quickly our scale clearly also really helps. very few have the kind of scale that we do

then on cotton specifically, we don't buy cotton, we buy finished product from mills and we negotiate with them in advance so our pricing is locked in through the first half of next year already so our cost of goods are already locked in for the first half of next year and we're in the midst of negotiating for the second half and i'm bullish that we're going to be able to land that as we said in our call kind of in the mid single digits from an inflation standpoint turns out to be higher than that, we may need to take more pricing and we're confident we're going to be able to do that. >> that's what matters i think your brand name allows to you do that how about nextgen. sounds exciting. started a year ago and it looks like it's already a success. >> it is a success we have sliced our retail footprint and we have a huge opportunity, particularly here in the u.s., to premiumize the lee advice brand part of the playbook for that is to launch more main line doors

there are going to be these nextgen doors that provide a superior to consumer shopping process. there are smaller footprint stores in the range of 2500 square feet which makes them much more productive and we can assort those stores very specific to who the consumer is going into that store which makes the store highly productive and very, very profitable and because they're very profitable, we can do a lot of them. and we have seats where we don't have a presence today with levis. and we will in the future as we commit to adding more main line doors here in the u.s. so we're going to add 100 main line doors locally and nextgen this calendar year and we are committed to continuing to invest in brick and mortar retail because it's working for us and delivering a return on investment capital well above our cost of capital. >> now if i go into one of these

stores can i ask for, say, wide leg high wasted jeans are they going to sabotage me and give me one? >> they've got your style and they'll make you look good >> i do not know if you want me in one of your stores but i am going and you are an answer to a guy like me. i do not know how to dress other than a suit. chip, once again fantastic for coming on the show great to see you thank you for all the things you are doing. wedidn't get to mention sustainability this time we will next time. great quarter. good to see you. >> thanks, jim that's chip bergh, president and ceo of levi strauss. levi has it both i love good names and people who can execute. "mad money" is back in a minute. coming up, a storm is coming so give us a call. cramer's got the answers to all

e ghinrod n questions thlitng unisext. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. sustainability is essential to creating a better tomorrow. that's why cisco is committed to achieving net zero emissions by 2040. and we believe our smart buildings solutions can help. providing power to reduce emissions,

intelligence to eliminate waste, and collaboration tools that help the workplace and the planet. between meeting human needs and a sustainable future, there's a bridge. cisco, the bridge to possible. ♪♪ since our beginning, we've looked to inspire and nurture each other by asking what's possible? what's possible when we connect? what's possible when we come together? when we open our hearts. when we grow together. after 50 years, we've learned that possible is just the beginning.

that building you're trying to buy, you should ten-x it. ten-x is the world's largest online commercial real estate exchange. and it's fast. if i could, i'd ten-x everything. like our lunch. (laughs) amazing!

see it. want it. ten-x it. [swords clashing] - had enough? - no... arthritis. here. new aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. lightning round is sponsored by t.d. ameritrade ♪ it is time it's time for the lightning round. and then the lightning is over are you ready skee-daddy let's start with matthew >> caller: boo-yah, jimmy chill. >> boo-yah. >> caller: with baseball in full swing, football, basketball and hockey about to start up, how

are you feeling about draft kings as an entry point right now? >> i think draft kings is incredibly well run. i think they have to spend a fortune to get customers but they have incredible number. i could not believe that according to the reports this week, 30% on the market. i think they're doing a very good job and i'm a buyer, not a seller of draftkings steve in south carolina. steve. >> caller: mr. cramer, you had this company on a few weeks ago. would you consider read automotive a good investment at $4 a share >> no. look, i'm very clear on these things i like tesla -- i'm sorry, yeah, i like tesla and i like in terms of the actual batteries, i like ford they're putting up a giant battery plant. ford sells at eight times earnings ford is giving it all she's got. let's get in that one! club name. let's go to jay in tennessee

jay. >> caller: boo-yah, jim. greetings from nashville, tennessee. >> i love it everybody i know is happy there. i know a dozen people. they're all happy. not bad. what's up? >> caller: yes, sir. my question deals with a company jfrog. up swift and having 70 fortune 100 companies. you know the defense department contracts. will they go above 40 again by the end of the year? >> i'm quite surprised that's down below 50% it's a pretty good company let's do a piece of jfrog. we can do data dog and jfrog we'll get them all jason in maryland. >> caller: hey, jimmy baby, how are you? >> i'm doing well. how about you? >> caller: i'm doing well. they have a diversified portfolio product and are found in everyone's pantry, freezer and fridge a new ceo that has implemented

operational efficiencies they sold a plant in maine their acquisition of crisco is above their own expectation. there are a few negatives. relatively high level of debt on their balance sheet, equity off ramp on its way and high inflationary costs are kind of hitting the industry the other day you had the ceo of mccormick on your show what are your thoughts of p&g foods? >> you know what, i wish i liked p&g more i do they have green giant, a bunch of good old-fashioned. i like campbells more than b&g i think they're more aggressive than b&g happy to have them why not? i have three segments tonight. i'm always looking for people, right? jack in ohio jack >> caller: thanks for taking my call, jim. >> all right. >> caller: one of my bigger holdings can't find any negative news on pull back anywhere good time to add more? skyworks >> the only thing i see negative

about skyworks is he's a big patriot fan. he's not -- i mean, honestly that's about as weak as it gets when i talk about him. skyworks solution at 160 i think is a terrific buy. yes, it could go lower all stocks can go lower but they are with apple last i looked apple is doing pretty well. swks, come on. i like it. sorry about the pats i don't know i mean, really >> let's go to tim in arizona. tim. >> caller: hi, jim how are you doing, jimmy >> i am doing well how about you? >> caller: real well i have a stock called apillis pharmaceutical it's dropped quite a bit i'm hoping it's going to go back down to 16 do you see that happening before it goes to the 50s >> they've got -- why don't you just buy -- look, they have a blindness drug when i hear blind, what i think of and i know this because of

macular, i think it's regeneron. i think regeneron has the best eye franchise and that's the one i'd like to see you in macular degeneration, one shot per month rather than one per week regeneron demonstrates its greatness over and over and over again. can we go to tony in california? tony. >> caller: hey, jim. happy wednesday to you >> what's up >> caller: what's your take on measurement players like -- >> why the heck has this stock collapsed? their last stock was absolutely terrific it was one of the strongest quarters of the entire group no, this just makes me angry that that stock is going down. i don't know all i can say is i think it's wrong. that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by t.d. ameritrade coming up, hot, hot, money

make sense of the day's most critical market machinations in no time flat stick with cramer for a special no huddle next

♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ aloha! isn't this a cozy little room? sorry your vacation request took so long to get approved, so you missed out on the suite special. but lucky for you, they had this. when employees are forced to wait for vacation request approvals,it can really cramp their style. i'm gonna leave you to it. um, just— with paycom, employees enter and manage their own hr data in a single, easy-to-use software. visit paycom.com and schedule a demo today.

today goldman sachs downgraded newport, the great steel maker. i took it personally because newport's one of our large positions. it always hurts when you own a stock and you get hit with a downgrade, doesn't it? even if you only owe it for charity.

for example, goldman claims that the good news is already baked into newport stock, that it had me scratching my head which was hard for the helmet. if the good news is baked in, why the heck didn't they say that when the stock was at 125 in august instead of 96 now? good news baked in how about good news baked out? most important as i told club members, we own newport for the travel trust because it's the best of breed in its industry. superior balance, superior attitude and spear kbror state of mind. they're either industry leaders or market takers forward thinkers they reward their shareholders with dividends and buy backs they have great management that's what i do for this job, i try to figure out who's best in breed. 17 years already i get what these analysts are trying to do they expect a serious decline in steel prices so they're trying to get ahead of it

the decline is not going to happen the way they think. there are many reasons why steel prices could remain completely resilient and they could be on the wrong side of the trade. the biggest reasons are demand it's a huge end market for the market i spoke to mary barra, ceo of gm and she said the auto run rate could explode. she said gm can double by the next 10 years. you know what, oil took a big break today. the oil complex has been roaring. we heard from al monaco just last night on "mad money." we need much more pipeline capacity plus if congress ever passes this infrastructure bill wall street will go crazy for steel stocks which means they'll go crazy for newport. newport bought a ton of stock at

the average price of 105 and that's up 10 from where it was now. that's last quarter. you can argue that was bad timing given it's down in the mid 90s. i bet they keep buying back their stock. they have so much cash so here's the problem. newport's one of the best cyclicals in the sto&p 500 you have to figure out how to get back in at a lower level because it's best of breed very few investors are able to pull that off. i don't think you are especially since the infrastructure passage can pass and send the stock soaring. it seems crazy to sell now when newport is already down 25% from the high i've worked with dan demeco which soes this only lasts three years. the moral of the story, as i told the investment club members, when best of breed stocks get downgraded you should use that weak excuse to buy, not sell it.

you rarely get this opportunity. newport's a world class american manufacturer that rarely gets put on sale. do not look a gift horse in the mouth. i like to say there's always a bull market somewhere. promise to help you find it just for you right here on "mad money. i'm jim cramer see you tomorrow "the news with shepard smith" starts now. the nation's been heading for financial disaster, but all of a sudden d.c. may have a fix. i'm shepard smith. this is the news on cnbc >> my republican friends need to stop playing russian roulette with the economy. >> debt ceiling drama in d.c. as new path forward emerges what we know about the possible deals struck and the pressure to avoid financial disaster. shots ring out at a high school. >> we're freaking out, just sitting on the floor scared out of our minds. >> after a fight between students. >> just gut-wrenching. >> four people