lululemon. >> good advice, connor connor is tim's son. >> connor, what do you think we should do here >> i think we should trade some nike. >> i think you're right. let's trend a little nike. >> thanks for watching "fast money. connor, i am jim cramer. welcome to med money. i am just trying to help you make some money. not just to entertain but teach you about things like this. call me or tweet me at jim

cramer. we shouldn't trust a rally. you well lose fortunes. do you know how many times i have heard that over the last 40 years? only twice in my entire career was -- not to be trusted. that is how the dow went from 863 when i started in this business to 33,500 today. that is proof positive. if that is and i don't know what is. the down gained 56 points. the nasdaq surged. -- based on a fantastic order from walmart. it was up .2% for october.

we were looking for .4%. it's usually a great indicator inflation is peaked. but something else happened. excessive skepticism about rallies has cost people fortunes by keeping them on the sidelines even in the face of foolish news. president biden met with president she in china. traders did not think a three- hour meeting move the needle. most stocks finished down. it seemed like everybody was once again betting on a tech recession. in china was not going to help. but that was not the reaction in china. maybe because -- chinese investors love the media. they sent their stock market soaring. i think people in china remember when america used to be a bigger buyer in their goods. they see the meeting with biden

as a reopening of the chinese market. maybe they finally need us as much as we need them. -- leading to a jump in ameritech. -- who have been punished by the u.s. government. because the products had to be banned from being sold in china. a lot of it is -- military. it doesn't matter that they didn't even discuss the issue. there is no reason to think it has been good at all. a left-field shot by warren buffett. using taiwanese ship manufacturers. where did that come from? what we have here? we have the industrial rally and once again it looked like

yesterday's late day -- was a fake out. walmart was one of the stocks that went lower yesterday. he finished down four. today it rocketed higher soaring nine points and taking the rest of retail with it. -- nonfood sales were less than ideal. month by month -- this is where it gets interesting. as both the nasdaq and the dow are rising, but well happened in central europe. russian missiles killed two people in poland. poland is a member of nato. it's a all for one and one for all alliance. our government could easily use this as provocation to attack russia and ukraine. that is something like the bay of pigs crisis.

it's like the cuban missile crisis. this is bad news. so the dow plummeted down to 16. but it barely bruised -- we are still basking in the glow of the presidential meeting. -- world stocks that have been hovering. you know i like the stocks. we well talk about them heavily in our thursday club meeting at noon. the averages bounced back we got reports that the damage came from rustin mitchell fragments. all this occurred in the face of real uncertainty about the power secure. in the extraordinary collapse of cryptocurrency. where -- tried to salvage waste management landfill.

-- in the shape of disaster. i throw all this out because the market hung in there. walmart made them because of good food sales. how is this possible? the gentle -- might be enough to make the fed slow down the hike. that is housing and -- in credit card debt. we spoke a lot this afternoon. it comes down to the animal spirit of the market. the average has spent averages moving higher. what needs to happen in order to fix the economy, to come inflation, it'll just take some time. aided by better fed chairman. when you look at the makeup of the price and text it is clear

what happened in this country. we had way too much of a -- moment as we moved beyond covid- 19. and then he came right after the darkest before dawn moment. we were headed for a covid-19 induced recession. the pheasants cause the economy to close. -- suddenly we are past the pandemic and -- is flushed with cash. -- is running out of juice at the same rate rates are rising. if we can see the end of the purchasing spree, which is houses, cars, -- has run out and we can afford skyhigh credit card debt. it's positive for stocks. it's positive that we worked

out the kinks in the supply chain. put it altogether and there is a possibility that -- soft landing for the economy. i think all this inflation well be aided by -- and toy cells. huge categories going forward. you have to understand october was an extremely weak month for retail. there are promotions everywhere. even walmart put on a good show. it doesn't bring them comfort for the next month. i'm not sure if it is the tech layoffs, the end of the stimulus, which includes a child tax credit, or an overall sense of fear, or even doom. i do think things are completely going awry. it's just awry enough to make it so the -- flows down -- we well still fill more pressure. but we don't get a recession. that is the holy grail. no matter what i reiterate

october was bad enough and i don't think retailers can bounce back. great for -- major for the fed. the ultimate -- story. bottom line. even if the news is far from positive it is striking investors have a positive bias when -- despite the fact the bears keep telling us not to trust our lying eyes. let's go to baba new jersey. bob. mckay, jim. i really enjoy your show. i just want to acknowledge every morning you david and carl do a terrific job.? thank you. i couldn't keep myself from that show today. my wife asked me, what are you doing? you have the day off. that means nothing. how can i help? >> i was wondering what, and a

great performance record by the way. just wondering what your opinion would be on whether i should take, and my permission of united healthcare. >> healthcare stock is a little weak. -- come in in the last couple of days. let them come and more. united healthcare is a good company but i don't want you to get trapped. there are a few more points to the downside. even if the backdrop is far from positive it is pretty striking investigators have a pretty big bias. the retail turnaround story that investors have been craving. positive inflation news. has -- shaken off the worries? i'm to find out. and then special visitors stop by today. i well be answering their

pressing questions. >> -- and we want to say, --

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the retail earnings got off on the right foot this morning.

-- pull the whole group higher. delights -- spent a few minutes talking about another retailer we have been monitoring for a while. -- boots alliance. this has been one of the worst long-term performers out there. just very poorly run compared to -- but 20 months ago walgreens put in a new ceo formally the chief operating officer of starbucks. she is a hitter. i have been optimistic about what she is doing with walgreens. not optimistic enough. to recommend a stock until maybe now. -- people came in shots and bought stuff when they were there. but it went out of style except for cbs. the whole drugstore industry has been -- people love to

shoplift and then unload them on amazon. if you go to -- they have merchandisers behind lock and key. you have to ask for even shampoo. they don't really come when you ring the bell until much later. i think that is a major issue. it's costing these companies a lot of money. they have no answer for it. they don't have enough staff. it gets sent right to amazon. it's one giant game for amazon itself especially when people start feeling unsafe in stores. that has happened in a couple of cities. that's it. -- maybe turning things around. the stock is already up 34% from us much. before it runs away i want to

take a fresh look. you need to know what walgreens -- this thing was a $97 stock -- mainly walgreens acquired -- creating a brick-and-mortar -- and for too many markets. just as amazon started encroaching on the drugstore business. literally for decades. it was barely managed at all. -- punched in the low 30s. but after you heard the vaccines were on their way walgreens caught fire spiking back to the mid-50s by early last year. since then it has been drifting down is the pandemic tailwinds faded. the funny thing is on the leadership -- walgreens has solid earnings this year. it doesn't seem to matter. wall street keeps writing these

numbers off. -- had two years to turn things around. i'm finally beginning to think it's time to bet on walgreens. you have to understand. -- as a star. that is called a bottom. as the coo at starbucks he accelerate the growth and expended more growth. i was surprised walgreens wanted a poacher. i thought she would be the head of starbucks. -- now organized into healthcare, pharmacy, and retail. it makes so much sense. walgreens has gotten over major -- there were real problems -- there have been a lot of speculations -- but in late june walgreens announced they were keeping -- lost 10% and

it's value of the next -- but i like that walgreens is finally competent enough in the business to retain ownership. given the state of the market this would be tough -- more recently walgreens was facing $5 million for its opiate involved lawsuits. we knew this was coming a long time. it could be a lot worse. -- has been making big movements. walgreens has steak in amerisourcebergen. that is the big drug distributor. what consistent player that has been. they sold $900 million in the spring and last week they sold 1.5 billion the a secondary office. that's a lot of cash for walgreens. they still own a 20% stake in -- and that is up to. they are also making

acquisitions. they bought a 70% stake in shields -- that is particularly well in hospital systems. walgreens bought a company called -- which is a homecare industry providing care, coordination and outsourced -- basically care centers help handle people with chronic conditions as they move from hospital to be cared for at home. finally last week walgreens announced its spending $3.5 billion to support the acquisition of summit health city m.d. the primary care business they have a majority stake in. they run a bunch of clinics. located within walgreens or right next one. summit health gives them more than 370 additional occasions across the mid-atlantic. if you live in new york you might have recognized the city being branded as urgent care.

between she'll -- there was a whole new growth strategy. -- they are randomly expended businesses. that matters to the drugstores. -- higher-than-expected sales. unfortunately -- for your earnings was only in line for -- thanks to currency headwinds and the covid-19 era. i wanted a boost. walgreens gave you some very -- long-term targets. and talked about the whole company building earnings growth in the low teens by the 2025 fiscal year. it was far from perfect. but the fact it jumped 5% in response to the present.

earlier this year walgreens reported strong numbers. they were getting a temporary boost during the pandemic. -- has good story to tell about her health care division. that is why i am more optimistic. walgreens -- at these levels the stocks still trade. nine times. nine times the midpoint. this is insanely cheap at this point in the business cycle. walgreens has been a cheap stock for ages. now it has a great ceo running on a smart plan to get the company growing again. i like it. i want to bet on roz brewer. stranger trades have happened.

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last week was veterans day. on mad money we are all about veterans month honoring the women and men who dedicate their lives to protect our freedom every day. earlier today a group of very impressive cadets from -- at west point stopped by the new york stock exchange. we asked them to share their most burning market questions. let's get right to it with our first cadet, christopher. >> what you find -- what you

have going for us forward? >> straight out. they always are going to be because they have nothing to do with the economy. everyone right now, people in the investment clubs know that, eli lilly. they have the best pipeline. that is how you analyze stocks. next up we have a question on tesla. >> -- lost against the washington commanders. they're still considered a powerhouse in the nfl. i wanted to ask more about tesla. with more and more gas car companies like general motors and ford, how do you think that affects tesla? you think tesla has enough of a repetitive advantage? or do you think gm and ford well eventually rise up ? >> what a fantastic question. i think they well rise up . but not the timeframe that would

disturb an investment and buying tesla. particularly if elon musk is done selling the tesla for his twitter acquisition. let's turn on oracle. >> had you think oracle purchasing -- is going to impact the company in the long term? in the stocks within the next 10 years? >> i love the acquisition. i think they can go after some of the best hospital groups that are currently almost all taken by a private company that i believe is a rebuttable. as far as i'm concerned it's a decent investment right here. now a question from spencer. to make a jim given the current push to renewable energy use in the u.s. what is your opinion on the best green sector to invest in today? go bulldogs. >> this is not my favorite sector but i like and faced

energy. that is the one the categories us everything that happened. it's like they wrote the energy bill out of congress. but it is an expensive stock. next up we have luke. >> what opportunities you see for investing in european markets, short-term energy crisis and alternate sources. go ducks. >> i am not, i'm not can recommend any european stocks. their way to hostage to russia. i didn't think they would be but they are. i think -- if you have to but that's about it. let's turn out to garrett. >> hey jim. what is going on in arkansas? a bunch of seagulls were arrested down there. >> i don't want to -- the state

of arkansas. it's a great state. i have been there. i have been to texarkana. i want to be on the texas side were a lot of great company's are. the really is nothing that i want to buy in arkansas. i do want to go to a football game. here is a question from alex. >> hey jim. i want to ask about the energy transition specifically with regard to the nuclear sector. how do you feel about new scope power?? i am not committing any nuclear. despite the fact a lot of the field well make a comeback -- billions of dollars which is needed to make a resurgence of nuclear. i'm going to say no to nuclear power stocks. about return to a question from aiden? >> what are your current

thoughts on -- situation? you think we well see -- this year? >> boy. i think what happens here is just that i don't want to gain -- situation because it was a situation of battling shareholders. i like to invest in companies not inviting shareholders. i think it's a big mistake to try bet that way. let's get to dietrich. >> mad money, jim. do you see value in disney? go bulldogs. >> anytime you have a company that can put up 25 points if the ceo is leaving, call me a buyer. the balance is very bad at disney. but the fact is this quarter was so abominable and i think it's time for a change. -- has a fantastic track record. you can fire people with bad

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another good day for the averages. this time it was -- we could ask ourselves, if this market

changes -- for most of this year -- just when you thought things were getting better the federal reserve raises the rates again to give you some grim commentary -- now it looks like inflation is peaking. that means the fed can afford to be a little less worthless which is great news for the stock market. the problem with -- as we have been here before. i remember when it peaked -- all over again as he did not think -- was important. this makes it a tricky moment especially the hottest spots -- or the tech names. the ones who have the least -- but i like to take my motions out of the equation.

gives us a more empirical way to approach the market unemotional. tonight we are going off the charts. jessica -- was the first woman on the active trader -- before becoming the director of advanced trader strategy at -- self-directed. now she is the director of product and education -- but she still consults with all major forms. you can see her every tuesday on for release weekly options training show in the money. i'm feeling good about this market. some of that is because we have a powerful seasonal pattern. we talk about this every year. as we get the late november we penned to have a santa claus rally through the holidays. we don't need to worry about any major -- price index -- even if -- decides not to ease up we are not going to know about it for weeks.

the averages are free to -- in the meantime and that is what they have done historically. -- likes what you see in the options data. i don't want to get to much detail but she has stopped -- system to figure out directionally -- from the averages based on options in volume and the concentration of the contracts which -- in january. things are not so hot for november. those options expired a few days. in december the methodology is things well get a lot more -- in january. the s&p is pretty diversified. -- nasdaq. the stocks have been roaring in recent weeks. but recent -- suggests things well look less -- in december. january -- are legendary. based on the options stated the s&p has steering power. but it might only get a brief

pop. technology -- less than 2000 -- are very -- all of this supports a broad-based rally at least through december 16th. which is the expiration date. from mid-december to mid-january we expect things to get more collocated. let's just deal with reality right now. take a look at the daily chart of the s&p 500. when the s&p was making lower lows in september and early october we caught what was known as a bullish diversions. that is the yellow. the strength index is the rsi. okay? the -- or the d-line started gaining strength at the same time. right? these are two important momentum indicators. -- and then late last month the s&p broke through -- of resistance at 3800.

you want to located here. this is the resistance line. okay? now -- support running from 37 to 38 and that is 38 right there. so now it is down about 200 points from where it is trending. today the s&p broke out above -- level. 3998. i was talking about that with carl. because 38.2% retracement of the prior move is positive. the next stop could be the 200 day moving average which is currently 4078. you would really want to belong to this one. -- maybe this time it well be different now that inflation seems to be finally going in the right direction. let's not switch to that nasdaq.

tech let us down all your. it peaked last year in recent weeks it has been leaving us back up ever so slowly. of course this would also be the first group to -- talking about big rate hikes again. that runs from 11,600 to 11,841. you are seeing the resistance right here. you can see it as having a very tough time trying to reach that. it broke out above that level during the day today. and if he could stay up there -- expects a stronger -- i'm not so sure but like the idea here. remember the -- is the next four weeks well be very good forever but including tech. we get a dow opening tomorrow. maybe there is a chance. this is the daily chart in 2000 and -- we are not to have a sustainable route here list we are seeing strength across the board. a couple weeks ago -- broke out

above -- this is a very important zone of 1800. you can see to go straight through and then write to that level. very positive. the index did not make a lower low. now it is trying to break out above its new seal of resistance at the 1900 level. that is this great line. it did at one point today. if the -- can stay here above the 200 day moving average well -- more strength. we are at a very pivotal level for this one. i think the s&p is better than nasdaq and then this one. here's the bottom line. -- could potentially have real legs. things could change as you get also to -- but in the meantime there was a lot to like about this market. my commentary is to say we are at crucial levels. but i am biased towards -- year-

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>> every -- i looked at said america was down 90% at night. what is going on? >> it's expensive stocks. i kind of like it. i think it's a good place to be. i well do more work but i think it's good. let's go to jerry in california. >> hi, jim. hi. >> what's up? >> the market has been considerably going down seven of the last -- so i want your input to get out of mckesson. >> the healthcare company stocks have been hit. a lot of people think the economy well reignite. i'm not sure if i feel that we . i think it is an incredible long-term hold. it's go to terry in washington. terry. >> -- >> i'm doing well. >> my financial advisor --

>> i love lewis. a lot of us got our start with him. thank you. >> i like power. what he think? >> that's good company. i think you can do a lot worse than that one. let's go to jason in alabama. >> i'm a club member and military betterment. thank you for -- encouraging companies to hire more veterans. jim, i'm looking for a better own competent to invest in. i know we are down on -- what about the rcc? >> i need companies that make money. i'm not recommending companies that are losing money. it is just a dangerous market. even though i like the market more than i used to.

let's go to marty in florida. >> you are the hardest working financial advisor out here. keep it up. >> i try. in queue. my stock is -- foods ? i tell you the truth their formula was a good formula for a while when around trying to make them reevaluate. it's not working i think you got a roll away from it. let's go to drew in florida. drew. >> for time longtime. sorry about your eagles. >> that was a rough loss. >> might dolphins undefeated season is still intact. we all know the undefeated season i'm talking about. >> that's true. >> yes. i am pulling in about. your thoughts? >> total energy is not, you

know, look. there are some new federal oil company's. i think chevron is the majors, pioneer in the minors. those two -- let's go to chris in california. chris. >> hi, jim. how are you today? >> i am good, how are you? >> very good. -- in california. >> it is gorgeous there. what is going on? >> i'm interested in ps ny. >> it is losing money. they are not all going to make it. i completely share his view. was go to todd in north carolina. todd. >> hey, jim. how are you? >> i'm good. how are you? >> great. for some color longtime listener. what are your favorite companies -- however -- three

and half times instead of following these guys, would you still consider -- >> no. -- it just a better company. let's stick with the company that is really had endless growth, right product, good for interest -- was go to scott. >> -- >> how are you doing, partner? >> the company i'm calling about is deutsche bank. >> deutsche bank, we have some good banks in our country. chase is good. wells fargo. i'd rather see you in those. let's go to sam and alabama. sam. >> hey jim. i'm a longtime listener in a

first-time caller. i'm calling about vail resorts. >> i like it. i think that is an interesting and actually excellent way to play the travel situation in america. i see good things. it's good anthony in new york. anthony. >> how are you doing, jim? i want to see what you think about -- >> no. losing a lot of money. anything electric is just too much for me. ladies and gentlemen that well conclude the lightning round.

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i have been thinking you cannot give the market too much credit. we talk about the optional wall street. like -- when you see a stock trading a certain way somebody must know something. sometimes the traders know nothing. for less than nothing. if you try and astatula -- it leads you to conclusions a blowup in your face. take -- modelo, pacifico, and corona. i like this one so much -- we well discuss it in thursday's club meeting. last month consolation afforded

12% net sales growth. extraordinary. greater than 30% increase in earnings per share. those are phenomenal games. the stock has been trading a narrow range ever since then. that makes no sense. he feels that a step with the performance. it makes no sense -- cash flow. i think they can borrow money -- and by back a ton of stock if they want to do it. it hasn't mattered one bit. we have been -- what has been stopping the stock. there was a giant -- trade. 3.7 million shares and $240. that is well below the $244 price target. this is -- after the market closed. i believe that stock belonged to the sans family. -- converted their shares sometimes voting power -- that freedom 29.9 million shares of stock that was registered to sale next week.

i think -- may have been the beginning of the sale. we have no idea how much -- wants to unload. but they did not settle back to the company. i think it would've been happy to retire some of the shares. there is good news and bad news. the good news, -- consolation. the stock has nothing to do with consolation. the company, which is doing very well. the bad news, the shareholders are doing this independent of the company. we really don't not have an idea when we well stop or how much they well try and unload. that makes it tough to gain. all we can do is count the block sales and technology could be another 26 million shares to go. let's hope they are done for now. but this build up again or the company -- to get off the market. not a bad deal. how about another -- yesterday we got incredibly stupid one. we sought massive sellers of the largest retailer in the world. walmart. they took the stock down five bucks -- something must be

wrong. it really freaked out everybody. they figured -- turns out it was a false -- just because the sellers were -- on the world's largest reseller would not make them right. they work clowns. they cost themselves fortunes. bozos. walmart reported -- by back on top of -- much better than expected in the stock sort. the most important lesson is the action is often wrong. normally -- there are times they don't see -- at all. but we seem to revere them. i need you to stop thinking in a more than you. the -- family may be -- cash. maybe it's just a big scaredy- cat or someone who doesn't know what they're doing. the seller missed out on nine glorious points.

the way to stopping fearful of what happens when sellers do this thing? they are dead wrong about the company and cannot be trusted. in the end they are often just as foolish as of the videos. there was always a market somewhere. i promise i well find it for you on med money. i'm jim cramer. see you tomorrow. this is "shark tank." ♪♪ is the most convenient way to get your workout in. ♪♪ my name is ben young. and my name is greg coleman. we are here from the washington, d.c., metro area. our company is sworkit, and we are here seeking $1.5 million