and metlife, i prefer metlife, and i use february calls to make that bet foolish bet can be played with call spreads. >> that does it for "options action." we are back next friday at 5:30 eastern time have a great weekend we'll see you. 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 want to make friends, i'm just trying to save you money. my job is to teach and put it into context call me 800-743-cnbc or tweet me @jimcramer. before the holidays, we have to

get through next week. we have the fed meeting, break or break moment. especially after today's hotter than expected reading. the number is one reason the market could get the dow dipping 385 and s&p declining and nasdaq inching down, not a nice day so what do we do, what do we need to do to see a -- how about a merry stock market christmas simple we need a cooler consumer price index with the fed raising 50 basis points and saying they will take time to assess the situation before they tighten again. data depending why is this important? today's producer was hotter than we hoped for and the fed will hit us with half a point hike. that said, the consumer price index is much more important to

the fed's decision making. we can't have a benign fed meeting unless we get a benign cpi reading the day before is that likely hard to say. but i do know this, who major cpi components will go from inflation to deflation this time around we've had a dramatic decline in used car prices. playing an out sized role in the price index and the price of gasoline keeps coming down, currently oil at $71 and showing no sign of rebounding. as russia keeps flooding the world with crude in order to fund its war efforts these two inputs, gasoline and cars are important enough to make the fed back off, they don't justify no rate hike or even a smaller quarter point hike, but, the market was 50 base points and i think we handle it. as long as you recognize these already prepped us for 50 basis point hike and says something about going more slowly in the

future, then i think we're really going to have a terrific santa claus rally. with that in mind what else is in your game plan? all right. this is a difficult week really is. interesting things for what should be a sleepy week in december on monday, pfizer has a meeting to talk about the pipeline this is one of the most exciting drug stocks out there. pfizer co-invented an mnra covid vaccine to allow our economy to leap over china. pfizer's biggest problem is people feel there is not much more to the business than the covid franchise. flatly untrue. maybe they can change lines on monday they have patent clips with major drugs losing exclusivity but they made enough acquisitions and invested enough in the pipeline to keep delivering impressive new drugs. monday we hear from coupa software they handle procurement and

we've heard rumors that it might be for sale. coupa is a high multiple stock but doing a great job. unfortunately, wall street has no patience for the richly valued high growth cloud names as we've seen time and again hasn't since last year, november coupa needs to pivot towards higher profit and cash flows rather than growth at all cost without the pivot or a takeover, i don't see the stock going anywhere the most important earnings of the day is a gigantic company. they got a piece and under valued and resnap position e electronic company at 16 times earnings, i don't see how much there is to lose tuesday will be dominated after the cpi data by the lilly analyst meeting. i like the stock

this is a conservative come pan though with a history of not hyping itself or its drugs we have a big position for the charitable trust because of its amazing diabetes, obesity and potentially, alzheimer's franchises i think the diabetes drug doubles as a weight loss drug could be the most remarkable but this only approved for diabetes but being used widely for weight loss off label i doubt they will talk about this they really can't. lilly's unwillingness to hype will turn off investors. i say if you don't already own it, wait to buy some until after the analyst meeting. if you want to know more, join the cnbc investing club. we know the world will come to a stop wednesday at 2:00 p.m. when the fed is using the statement may i suggest you wait until the world stops at 2:30 when jay powell gets to the heart of matter or people fake out and

the statement sounds like jay was red tail hawk. i wouldn't be surprised if it was something similar this time around in terms of earnings wednesday, it's lennar. gigantic terrific home builder telling it like it is when stewart miller gives us the state of the industry. you got to listen to it. we're in a weird moment where we want him to say sales are getting weaker because that's the only way to get the rate cycle back unfortunately for us, i think lennar will have rterrific numbers. i wish the fed realized home builders are doing everything they can to put up new homes to build supply they're not the problem. they can't build the homes fast enough and people have too much cash to be stopped by a higher mortgage rate. on thursday we hear from a company adobe, which laid an egg last time they reported and announced they were buying figma

for $20 billion in cash and stock with collaborative creativity the market hated it. i know how it looks. adobe paid too much money for a small company. they are debating whether the deal can happen and everybody is worried about the slowing growth rate to me that says, you know, don't be opportunistic here. it's too soon. wait to buy this under valued company because it is i'm afraid probably going lower of course, we've got the investing club meeting, which you know i get a kick out of i do with jeff marks we got new ideas we have a new buy. i want you to join or else you won't be able to know or be on the conference that we do every single day finally on friday, we get results from two very important companies. one is darden and one is i ecentra. i think as we get into a tougher time here, people will go out to a more reasonably priced place

to celebrate and that's oliver garden i think they will put up excellent numbers but some people think the stock has run too much it could help the whole restaurant game. now, accentrue helps other businesses digitize. they have been doing incredibly well but the stock does tend to go down after the quarter. by the way, as you think as ir do -- i do companies will attempt to save money, avoid accenture big numbers and fed meetings are a drag i want you to keep your eyes open for ideas andnot be bind to buy the fed light gavin in maryland, gavin >> caller: hey, jim, just calling to give mr. mark's class a shoutout and what's your opinion on best buy? >> all right i thought best buy had a remarkable quarter and i know that you're not supposed to want a company that sells

discretionary appliances and goods like that going into a recession and yet, what a fantastic quarter it was stocks pulling back now. i think that corey berry should come on the show because i think she's one of the most talented executives in the industry john in michigan, john >> caller: hi, jim, how are you doing? >> john, it's been a great day how about you? >> caller: great day love your show and watch it every night. >> thank you. >> caller: so great. learn so much. you really help us all out. >> thank you very much thank you. that's great >> caller: thank you ticker onon it's a footwear and accessory manufacturer and want to get your -- >> i'm so glad you brought this company to my attention. i happen to think it is terrific it's losing money so nobody wants to buy it. it's a terrific speculative stock. i rarely endorse speculation

i think this one works i think you got a great call i want to thank you for the kind comments everybody, i want you to open your eyes and don't be blinded by the fed light on "mad money" tonight, strong phase two results, i'm learning more what the company is up to and tyson stock has flown under the radar so are investors getting a buying opportunity in the stock or maybe selling was warranted? i'm taking a closer look isat te situation and get your take. i'm getting the latest from the top grass roots struggling with paris again so stay with cramer >> announcer: 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 m miss something head to madmoney@cnbc.com.

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we happen to spend a lot of time talking about biotech stocks because they trade on the potential in the distant feature, something nobody on wall street really cares about when the fed is tightening aggressively and have a lot of inflation but every once in awhile you get a reminder why the best biotech stocks are worth watching and buying. rxdx is developing drugs for people with various types of inflammatory bowl disease, big market including colitis and

crohn's disease. the numbers were great, terrific safety i'm not kidding. 160% on wednesday for getting another 22% yesterday. even as it pulled back slightly today with a big stock offering. we got to dig deeper in this because this will make this company into a major pharmaceutical so let's talk with the chairman and ceo of prometheus bio science. >> great to see ya. >> i've got to tell you, i want people to understand you have something many people have, explain, unless you have the disease you just don't know what kind of success path you might be on here. >> that's exactly right, jim look inflammatory bowl disease is a

chronic disease of tract despite big drugs like hue mera $20 billion in sales, those treatments are suboptimal. 10 to 15% of patients can achieve an outcome they wax and wave with the disease and we can do much better for these patients and the approach that prometheus is taking is introducing precision medicine into inflammatory bowl disease and broader immunity and what we're doing is we've introduced targets tl 1 a and pair that with a precision medicine approach and have a diagnose tic to identify the rih patient for the right drug it's a breakthrough, the first dual mechanism drug in the class and anti inflammatory anti fibroid. other agents are anti inflammatory fibrosis is one of the biggest

unmet needs in the category and combining it with oncology makes a lot of sense and thanks to our platform and our approach, it's enabled by data, a.i. and machine learning that allows us to find novel targets by interrogating the data to find genetic associations within it. >> how about toxicity? the current state of care and what prometheus is offering? >> safety is number one followed by efficacy. it's better when you have both the data we released yesterday clearly shows we have a best in class efficacy paired with industry leading safety. clearly, we need to validate this in the phase three studies but very encouraged by what we see in terms of safety and efficacy profile it's at the top end of the range for anything seen in the category and not just about inflammatory bowl disease. that's the primary starting but

that's not where we're finishing. this mechanism like what humera has done has brought application in other auto immune diseases and we have time to explore that. >> we should point out the greatest selling drug of all times so not a small need here i know you raised some money today and given how horrible the market was, the stock held up well to do the gigantic trials you may need to get fda approval, the amount of money. $500 million may not be enough how can you ensure that you will get to the finish line given how difficult it is to get a drug through the fda? >> with efficacy like we demonstrated, it clearly opens up all kinds of frontiers and i'd say with the capital we raised, we feel very confident in our position to be able to develop the drug make no mistake, there is tons of interest in tl 1 a. that being said, we're not relying on anyone else to develop this drug and confident in our path forward.

the stock we auctioned today, the last couple days has been phenomenal but focused on getting drugs to patients as fast as we can and creating long-term value. these are early days of an exciting story think of reaggeneronregeneron, you follow they were at the same junction t -- juncture at one point. we have the ability to be the number one inflammation company. >> i know also that your bloodline, those of us in the east are snobs, we don't know the standers of care is often set by a hospital called seeder sinai. if you want to talk about your association with them. >> yes, prometheus is a seeder sinai spinout. the founder discovered the target and has built the largest bio bank in the world in this category genomes, samples, clinical meta

d data three this treasure drove we have targets for development and diagnose ts for drugs. 23 and me, millions of patients have been sequenced, however, when you look behind that data set, what they're missing is the clinical meta data it's patient self-reported outcomes and it's tough to do data science on that type of characterization this is truly ground breaking and the data that we just showcased clearly validates this approach and validates the platform. >> well, i'm glad you came on. this is a very important day for your company this is how regeneron started for me they had a good thing and i said maybe bank with them maybe this is the thing to think about rather than doing too much enterprise software sass companies. you have something great here.

thank you mark mckennon. great to meet you, sir. >> like wise thank you. >> "mad money" is back after the break. >> announcer: coming up, a game of chicken cramer flies the coop on tyson foods. next

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fills your refrigerators fills mine we hear about flood inflation you think companies like tyson put up good numbers, isn't that right? that's right in the wheelhouse we're supposed to be prer persistently high inflation, so bad the federal reserve needs to rack the economy to get these prices under control tyson foods should be printing money, right yet, that's simply not the case right now. tyson is trading at $63 and change down roughly 37% from the peak in february down to nearly -- down 28% since the end of july. what is happening here is tyson dropping the ball because of poor management or something else here that we're missing? maybe the whole food inflation thesis is wrong. why don't we take a closer look. when you zoom out, this stock is doing well at the beginning. tyson reported a fa mphenomenal

quarter it allowed the stock to jump 12% in a single session, 12% and nothing about these numbers, 24% revenue growth, monster 48% earnings growth thanks to a booming beef business with real strength in chicken and prepared foods and it had come together for tyson but one week later, tyson started getting analyst down downgrades these analysts pointed out the strength in beef and chicken was baked into the stock and started talking about the margins as the beef packing business returned to more normal levels. early may when piper sandler downgraded tyson precisely because of ramped food inflation. you think this is the one to buy -- no, it's the one to sell. you thought food inflation was good for meat companies, piper pointed out you might be mistaken meat is expensive so when consumers budgets get stretched as we know is the case in our country right now, they're likely to trade down to cheaper

stuff and you can say the same thing about fed mandated recession when the economy slows down, you see the same trade down effect. many food companies are immune to a slower economy but tyson is a lot more vulnerable than most. everybody needs to eat but don't necessarily need to eat high-end beef if tyson still manages to deliver another good quarter in may raising the full year sales guidance, it looked good to me but cut the volume growth forecast so the stock jumped about 2% i got that i was sitting right over there at that desk looks like tyson is good and brought back the gain over the next three days. tyson shares continued to roll over despite there being no important negative catalyst. the company had political headaches in may, house of representatives subcommittee accused tyson and other meat companies of making baseless claims to stay open in the lockdown in august the state attorney general accusedfusin to comply with a subpoena.

not great headlines at all they didn't move the needle for shareholders it was just out there. in july, this is different, the "wall street journal" published a very negative piece detailing how severe operational issues were causing tyson to fall behind in the chicken industry staffing shortages and chick hatching problems, they haven't been able to keep up with the competition and business they used to dominate tyson was chicken in the country. when they reported in august, the results were a lot more mixed and sales growth slowed to 8% although that still came in slightly ahead of wall street expectations but earnings a little light down 28% year over year with weaker than expected margins in chick and prepared foods and cut the fullyear volume guidance. whoa forecast went to zero. down from 1 to 2% previously -- that's what they previously thought. zero in response, wow the stock got slammed. this hing, tyson foods boring stock, right they went down 8% in one day

then the darn thing just kept getting hit and hit and hit over the course of august and september. a few months ago, the stock caught another downgrade from a firm called argus making the same case we just mentioned. tyson is steam rolled by inflation because it's causing consumers to trade down to cheaper meat brands. why buy tyson stuff if there is a private label for the same kind of thing? right? didn't help when they brought in a new cfo in september all right? this is interesting. new cfo in september he's the 32-year-old great grandson of the company's founder. you know what? they billed him as a quote dynamic next generation leader only to see him get maybe a little too dynamic six weeks later when he got arrested for public intoxication and trespassing after getting drunk and falling asleep in some random person's home all right.

this was in arkansas a town i'm not familiar with. to be fair to the new ceo, arkansas lost a heartbreaker to liberty university and there is something in the water in fayetteville that impacts meat just a few weeks before the now former coo of beyond meat bit someone's nose following another razor back scheme albeit a clear victory. once again, though, i don't think that's a needle mover, either what matters more are numbers. when the company reported the most recent quarter a little more than a month ago, the earnings came in weaker than expected operating margins in every major segment except for chicken. the meat division saw it plummet from 2.9% last year to 7.7 in the latest quarter brutal the report actually lost money in the quarter well, tyson didn't call out one

key issue. they mentioned higher live cattle cost, herd health issues, herding pork they reported out the productivity program is already yielding big savings it saved them $400 million in 2022 fiscal year but clearly that's not enough given the state of the business right now. the quarter wasn't terrible and justify the decline we've seen in recent months because tyson is slammed by worries about the future between inflation and slowing economy, there is a wide spread sense consumers will trade down and that means that they will not buy tyson foods branded product. the stock is selling for less than ten timing earnings, and boy, i have to admit, i was tempted but when we did the work, i said not for me. when a company miss the earnings east estimate for two quarters in a row, put it in the penalty box i don't know how badly tyson will get hit, it will. why take the risk? this is a battle ground stock

and i much rather you stay away from battle grounds because there are easier ways to try to make money especially when the cfo seems a tad dazed and confused after being caught sleeping in a house that wasn't his. let's talk to malinsky. >> caller: how are you doing, jim? i haven't talked to you in awhile. >> it's been way too long. >> caller: i got a question for you. the consumer is hurting and i've been talking to my channel check on food and stuff like that and looking at prices so if i had to throw a stock at ya to look at and down almost four points today. >> okay. >> tree house foods. what -- food, food inflation --

>> tree house foods is precisely the stock you're supposed to buy. precisely the stock you're supposed to buy in this environment because they do have the best trade down so i'm going to agree with you. i like tree house. it should be bought. you're in good shape i think it's a great call and i want to thank you for checking in again great to hear your voice let's go to tyler in california, tyler? >> caller: big boo-yah from california, jim how are you doing? >> i love family boo-yahs. reminds me of the glory days what is happening? >> caller: jim, i'll make it quick. i'd like to know if chipotle is safe for the recession. >> you know something? some people don't trade down and some people don't stay away. it's a treat to go to chipotle the studying i've done and i've worked a lot on this because i own a mexican restaurant is what people do in tough times is they look forward and we can talk about that at the beginning of

the show with olive garden they want to go out to get a quality meal and doesn't cost them a fortune and chipotle has his historically done well this is a piece i came back from a totally different level. buy, buy, buy tyson and now it's a battle ground stock and i'd much rather you stay away from battle grounds because there are easier ways to make money. hey, we got a lot ahead including my exclusive with new core how does that set the company up for 2023 and what about the sticky tariff situation? i'm getting the latest from the ceo and the tale of two companies. high expectations and the other lower. closer look at costco and studly much despised lululemon is good. stuck with me and your rapid call fires in tonight's edition of the lightning round so stay with cramer.

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today confusing decision, the world trade organization ruled tariffs our government placed on imported steel five years ago, the national defense base tariffs violate the treaty obligations. they don't have the power to do anything about this but it's worth making the case for the section 232 tariffs. i'm in favor of free trade as long as it's happening on an even playing field and not competing with non-market economies. unfortunately, countries like china love to subsidize their industries to drive foreign competitors out of business or

worse and that's what they're trying to do with steel and it's why trump's steel tariffs made so much sense to me. all this is good news for domestic steel producers and it's not like they're engaging in any competitive behavior. they're driving lower costs and better quality look at new core, the best american steel maker and announced a bunch of factories and increasing production and hiring like mad and producing the cleanest and safest steel in the world so do not take this from me though i want to speak and you need to hear from nucor. >> appreciate you having me today. >> i got to tell ya, i'm livid about this but i want to know, you're the steel guy, i'm a guy in the news but what do you think this panel could mean for the future of steel tariffs and our domestic steel industry? >> i think you started out very well, jim, the wto is ruling

today, it's really unprecedented and really has no bearing or statute to impose what they imposed for the wto to regulate national security issues for any nation, never mind the united states, it is absurd so our ustr kathryn tie and general ouncer statement today is incredibly 100% inaccurate. it doesn't have the ruling and most importantly, isn't going to change and redact tariffs put in in 2018. they're not just important from a national security defense situation, which they are but as we've talked about many times, our nation must be a nation to build things resure and build our critical infrastructure needs and the rebuilding of the green and digital economy in our nation and beyond.

>> one of the things that's most pathetic about the wto is we have something in our lifetime we thought we'd never have we have a gigantic land war and our allies are fighting ann eney we know genocidal regime the russians and if we didn't have any steel ukraine would lose to them why is that not obvious has the nose on some people's face >> jim, it's the absolutely need for reform of the wto which it's got to change. it has the tools at its disposal to regulate world trade for market economies very well but let's face it, for two decades or longer non-market economies illegally dumped subsidized steels into the shores of the u.s. devastating industry. 232 is a part of the remediation plan but so is strong trade regulation and we're going to continue to advocate for that.

we won a lot of cases with both administrations and we couldn't be more pleased with the current administration and the position and stance they took today and full complete aliemgnment with that. >> can you talk about the renaissance since we were assured the chinese would not dump bad steel into our country? >> jim, look, there is obviously some headwind facing us but as we think out to 2023, there is incredible tailwinds, as well. the chips act is $55 billion to resure semi conductor plants and of the $55 billion today that represents 27 or 28 semi conductor plants that will be built in the united states the inflation reduction act is another tailwind and renewable energy that is well positioned with our new steel required for the offshore wind. third automotive is going to

built another million units next year than it has this year and last, jim, that it's really important the infrastructure that will take meaningful shape in 2023 and beyond that under pinned by new ucor offering the cleanest and safest steels in the world. we're excited to move in 2023 and beyond and what we can do to help to rebuild and reshape the future of infrastructure and manufacturing in the united states. >> one last question i got a book up. one of my professors in college, the coming war we might have with china what happens if our steel for our weapons, our ships were made from china and had things with them -- the most distinguished professor at harvard besides

kinz kinzi kissinger? >> i'll continue to scream from the rooftops, we got to make sure that we have the steel capacity to make the most delicate grades of steel to ensure national defense and nucor is poised to do that and continues to do that so the reality is we've been in a war with china for 20 years and just recently woke up and began to stand up to that and bring to bear the full weight of the united states and the most -- the greatest nation in the world but also, the strongest economy in the world. >> well, look, i just think you have to keep fighting the good fight. this was just horrible i thought this was put to rest because i saw the great things that happened in the country since it occurred. thank you for that considered response and it was considered versus what a lot of us would have said because he was a gentleman and scholar. good to see you. >> thank you, jim. >> "mad money" is back after the

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cool. introducing elevance health. where health can go. >> announcer: lightening round is sponsored by t.d. ameritrade. it is time, it is time for the lightning round. buy, buy, buy, play this sound and then the lightning round is over are you ready, ski daddy time for the lightning round start with jack in new york, jack >> caller: he llo, jim, how are you tonight?

>> good, jack, how about you >> caller: doing real well thank you. long-term fan, been a club member almost a year and ready for two more. >> yeah, we got a great thursday meeting. can't wait to hear from you. how can i help >> caller: based on club recommendations, my biggest position in the financial area is morgan stanley, do you think i should hold and -- >> i want you to hold it i think it's terrific at 89. still 3.5% yield doing incredibly well. great idea and thank you for belonging to the club and i think other people should join jack in the club ahead of the thursday meeting mark in connecticut, mark? >> caller: boo-yah jim, how are you? >> good, mark, how about you >> caller: good, thanks for taking my call my dad and i are long time listeners. we're in connecticut state university and have a call assignment for my class. my question is what do you think of schlumberger?

>> i got to warn you, the oils are rolling over and rolling over because the russians are over producing and pretty much made a deal between the western allies and us that allows to allow us maybe $5, $6 it's a great company. i need to go to anthony in texas, anthony >> caller: howdy, jim, how are you feeling? >> doing well. how are you? >> caller: can you tell me how it will be going in the next fiscal year for alphabet >> a series of lamps because they hired 12,500 people when they didn't need them. thecompany has to cut costs, cut costs, cut costs they got to get the expenses in line with the revenues 18 times earnings and insanely cheap. we own them for the trust but not making enough money. let's go to ian in illinois, ian? >> caller: jimmy, i know enterprise software is in the

dog house with the long term outlook for sprout social. >> i don't want to sound bias but i said another enterprise software company next i promise to go back and look at it again because you deserve that we do not give our viewers next when they're nice enough to call and wait on the phone and speak to us. let's go to michael in florida, mic michael. >> caller: hey, how are you? >> good. >> caller: eyd >> i don't like the casino space. pete in iowa, pete >> caller: boo, boo, boo, boo-yah jim. this is pete calling from iowa. >> hey, pete from iowa how are you doing? >> caller: it's an amazing day hey, i'm calling about grow generation, the home depot of

cannabis. >> the home depot of cannabis has came and gone. we had that one. we nailed that we got that right in the buy and the sell and what we did between never looked back. okay, we're not done let's go to daniel in texas, daniel, my brother >> caller: boo-yah, jim. >> boo-yah. >> caller: first time caller here want to hear your opinion of the stock ampx. >> lithium ion battery, no literally, you hit up the symbol no and get lithium -- nobody uses that symbol no. that's pretty smart. i don't blame them don't recommend that stock i want to go to robert in connecticut, robert? >> caller: boo-yah, jim. thank you for taking my call robert here from -- >> pleasure. >> caller: shoutout to central connecticut state university. >> of course of course. >> caller: with the return of disney legend at its home and a growing streaming business, is disney a buy

>> mickey mouse -- sorry icon icon, icon my charitable trust owns disney. i was going to buy it but it got frozen because of the way the product works. if i mention i like it i can't talk about it. i think disney is a triple buy triple buy buy, buy, buy. that's nine buys if you remember that from second grade and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by t.d. ameritrade coming up, the best of times or the worst? well, neither. why stock expectations led some investors astray on two big reports. next

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look what the cat dragged in. just tell us - what's your why? trust me. you call that cute? ooh! with the paws? with the hat? two great retailers, two sets of expectations one too high, the other too low. that's the tale of lululemon and costco the former was over estimated, the ladder was underestimated and that's a much better place to be in this business for days on end, people have been cutting numbers and warning endlessly if costco seen serious

slowing on the other hand, we got price target bump after price target bump for the beloved lululemon by the time they reported no company can beat that hype let's break them down. first, lulu got obliterated today is on track. should have been enough. management talked about so many opportunities you might think this is the only real grower in the industry and that's true lulu has fantastic growth here and overseas the chinese business is still in the infant and numbers are staggering to quote tina turner, it's simply the best. but that's why lululemon was selling for 38 times earnings and very good. it wasn't flawless they had a tad more inventory and some thought it was a percent or two below the main problem is lulu stock

ran up tremendously. it doesn't matter how strong the numbers are if it's baked near the share price. there were so many momentum traders and they sold it me mercylessly. they finished the day down 48 points or 12.85% even the analysts who loved it frankly barely defended it i think they were red faced, embarrassed. this selling usually doesn't stop after just one day if you like lulu as i still do by the way, i recommend waiting until next tuesday to see if this selling that started today abates, yes, it does take that long but that will be the opportunity. how about costco polar opposite this stock is a mill stone around the market fallen 15% from the august high going into the quarter. when costco announced earnings, they were looking for disappointment here. added news, special dividend will be coming

it's a matter of when, not if as they told us in the call that's the reason we own costco with a nice position for the charitable trust the conference call was electric they realized this company is head and shoulders above the competition with the the best merchandise at the lowest price their call ran by the brilliant that doesn't suffer fools gladly he was on a roll making it clear the world doesn't have near enough cost cos because they don't put them up too fast they don't run for the sake of wall street. it won't bend over backwards to make it easier for analysts to make models or show a crazy growth rate. they run for one group and that's the customers they tell you what they like and what they're buying and you can figure out an awful lot about our country by reading coastco's conference call. buy it if you don't own it expectations are wrenched up lose good too but you got to let

the sellers exhaust themselves and then and only then begin to buy. expectations confound a lot of people but in the end they can create tremendous opportunities either before or after the moment after earnings truth. i like to say there is always a bull market somewhere and i promise to find it here for you on "mad money. i'm jim cramer see ya monday. precedented tale of small-town power... bauerlein: if you had a problem, they can make it go away, but then, you owed them. narrator: ...and big-time greed. alex preyed on his victims who were his clients. they were right in front of him. narrator: for a century, the murdaughs, a powerful family of lawyers and prosecutors, hold a tight grip over a large swath of south carolina. you didn't want to be on the other end of what they were working on. narrator: but behind the aura of respectability,