family. >> huge. >> i can't contain it. >> it's where you finish in the end. i think we will finish higher as well. >> what do you say? >> i my mansion -- mission is simple to make you money i'm here to level the plays 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 make you a little money my job not just to entertain but to educate and teach you so-call me at 800-743-cnbc or tweet me @jimcramer. we can start identifying what is

better going forward on days like today when the dow finished up ten points and s&p dipped and nasdaq lost .18%. before a rally it seems like there isn't any winners. but that would be dead wrong in fact, there is a great deal of winners they just don't get much air time because they got nothing to do with tech too many commentators treat stocks as the protagonist of the market but that leads you astray take down the winners because we have legitimate sizable bull markets going on here and they show no signs of letting up and i want you in them the first, the first, the banks. yes, these banks they have been incredible performers. i think wells fargo is about to take off one reason we own it for the charitable trust i told cnbc investing club members this is about to blast

off. hey, j.p. morgan after all it's still cheap. a monster quarter reported, very low defaults rate hike cycles are impressive as capital one which shot the lights out with remarkable growth and defaults still well below the hay day before the pandemic as someone who learned a lot from capital one's richard fair bank over the years, i'm stunned but his ability to challenge the deepest of downturns he's been running this company since it's become public and flaws the whole time capital one surged more than $9 today because people bet against him. they figured the huge credit card business would be plagued by equity, by equally huge defaults because the rates go up so fast, right they were dead wrong for wells fargo, it is ridiculous to keep down more than 20 points where it was five

years ago. as every bank stock is higher, enough of it in the penalty box. sure, i get it it's all these degrees charlie, the ceo has to solve but a legacy of the far less ethical prede predecessors there is nine left, nine, the big sapnction has been dealt with that's the one i'm worried about. second bull market is aerospace and defense. this is honestly one of the most electric bull markets i've ever seen corner okay nobody seems to care about this. this morning boeing reported a quarter that was the thing -- it was beautiful. now, it was the kind of numbers that they give you back in the old days reminiscing when boeing dominated the industry constantly crushing airbus and european rival they're printing money thanks to the post covid travel boom that led to a post covid plane shortage maybe you're wondering why i'm so positive on these numbers

because it sure looked like they had an earnings short fall it's schism. boeing is a cash flow story, not an earnings story and the cash flow came in sharply better than expected with management with stronger numbers going forward not that long ago i thought boeing would have to dilute shareholders to raise money. i don't think so anymore i think boeing is beginning to feel like the old days the days eight years ago when my confidence in the business was unsh unshakable boeing is winning a larger share than years i'm betting china will soon return as a growth area for them now that they're out of lockdown on the defense side of the aerospace defense, very impressed with lockheed martin which is supposed to have a weakness due to congressional budget whoas but when everybody recognizes the need to rearm, please don't try to out smart yourself buy the stock of lockheed martin the ceo will do it for you

we thought about buying it for the charitable trust but never pulled the trigger the numbers were stronger pause they found many more engineers including from the waste land that is enterprise software. they hear from commercial customers and the military you know the bull market is powerful because it can carry, heaven forbid the stock of general electric in bear mode for ages the cash flow was outstanding. once they spin off the power business that should happen next year, you'll see how strong the company is the ceo is moving to get this company where it is. time to buy, not sell. let's also remember the aerospace is the tale of another giant bull market, the airlines themselves we got terrific numbers from united and delta phenomenal that will be tested tomorrow when holy cow, southwest air reports in the wake of the holiday season scheduling snap we'll be interviewing the ceo on

"squawk on the street. he's willing to come on. speaking of america, american airlines based on a strong preannouncement, i bet we'll like what we hear. fifth bull market. trucks that's what. a bull market trucks one of the best if not the best quarter so far this year has come from a company paccar, paccar, that's probably you noticed. everything was a record here including revenues and profits according to the ceo r. preston fate, trucks and transportation solutions and we look forward to 2023 being another excellent year end quote that's in keeping with what i heard from j.p. hunt, one of the largest trucking companies struggling now as retailers work through the glut but anticipates a turn as soon as next quarter the paccar is a prediction of the fav caterpillar when it

reports. the stock is up a lot and might be a good- buy before it comes i for the quarter. remember, we finally started to get drivers back and that really does matter. new people learning to drive big rigs, too. great news for the group we have a couple other bull markets that may be too mason to invest in but i want to call your attention to. how about discounters? they seem to be in bull mode deep discounters like dollar tree or five below or tjx? i'm shocked in the strength. yesterday verizon reported very, very weak quarter and barely any downside follow through and we got a true upside surprise from none other than att. we'll get great numbers from t-mobile when it reports next week i know it's too early to flag pharma but j&j reported a strong quarter ahead of the breakup just the other day, it wasn't heralded at all. it should have been.

there is a prostate cancer test. regular viewers know eli lilly could report a good quarter with strong guidance. don't forget, they're really expanding their manufacturing in north carolina i think it's because of their diabetes drug and i like the oil service stocks but seem to be alone in feeling that way. halliburton delivered numbers with positive commentary so let's consider an icing on the cake bull market that might fall we saw a fantastic, fantastic, fantastic chevron buy back announced this very night. oh, how about the entertainment stocks, disney, warner brothers, smoking. what matters is you can spot the bull markets with ease as long as you don't get distracted with enterprise software which is the most bearish part of the market or anything that touches on that digital world. let me give you the bottom line. time to reck nognize tech is no longer the only game in town in fact, much of tech is no longer in the town at all.

time to find a better game i want to go to michelle in new hampshire, michelle? >> caller: hey, jim. i just joined the investing club thanks so much. >> oh, thank you, michelle thank you so much. i really appreciate it what do you got? >> caller: i had a question on dominos. i saw the ceo on your show and got excited. i'm a member of the dominos. i eat there eight times a month. they have electric vehicles i was so excited i bought 27 shares at 393. the stock has gone down and gone down again should i hold on or let it go? >> i like dominos and not just the pizza. we always have the banana peppers, terrific. a nice recommendation. i want you to hold onto the stock and many it falls anymore from here, i would be a buyer. thank you for being a member of

the investing club because it means the world to me. i love it. it's electric. how about craig in california, craig? >> c >> c >> caller: ba, ba, ba, boo-yah to ya, jim boo. >> exclamation boo-yah what's going on? >> i'm trying to find stocks shot up. looking at two that have a descent multiple, nice dividend. ups and fedex, i'm looking at. >> let's do fedex. let's do fedex doesn't have a union problem not worried about a contract the ceo is doing a terrific job and very inexpensive level but every bit as good when it comes to growth. it is time to recognize that tech is no longer the only game in town, people. in fact, i think it's time to find a better game"mad money" te levis ceo announced his plan

with michelle goss taking the helm of the apparel company. i'm sitting down with chip to learn more about the plan and what the future can hold and microsoft reported last night. it was not as great as the street hoped for i'm digging into details sharing all you need to know with mr. softy and going once, going twice, sold to your portfolio. i'm sitting down with richard to see if this can be a strong under the radar way to play the heavy machinery and trucking space 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

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the whole apparel complex got hammered they started spending money on travel and caexperience they managed to bottom especially levi strauss before rebounding to $16 and change today and tonight levis had to justify the move and that's what happened they turned in a solid set of numbers with a small revenue beat and sizable five cent earnings beat over 29 cent basis does matter because these are companies that have really been on the 52-week low list. management give us a sales

forecast i found it encouraging what is the story behind the numbers? let's check in with the president and ceo of levis strauss and ompany welcome back to "mad money." >> great to see you. great to be back. >> chip, i got to tell ya. i was concerned. i know the apparel group is just such a tough group i think you stood out with this number doing better than expected so i got to ask ya, how is it happening? how are you able to stand above the crowd? >> fundamentally, jim, our strategies are working we've been at this for awhile to diversify business and focus on building our prabrands and drivg out size growth in women's tops and internationally and really doubling down on the direct to consumer business. if you take a look at the results, that's what is driving it i think the other big thing, there is a lot of noise about the decline of the denim

category and i'm kind of reminded they're the mark twain quote, the news of my death is exaggerated. 40% of revenues are not in denim. we're driving growth in tops we're driving growth in outer wear we have two other brands, dockers and beyond yoga that don't have any denim to speak of and that 40% of the business grew really nicely this quarter, too. so the results kind of beat our own internal expectation we have a lot of momentum and optimistic about the year ahead. >> i think sometimes people do get confused about the news things pause indeed, you're celebrating the 150th year may 20th maybe what happens is that legacy makes people not realize the other things you've done. >> well, the legacy is really important, too part of the keys to our success is we've had one foot firmly rooted in our history and our legacy and all that this levi's

brand is about while the other foot is taking a step forward into the future and we are going to be celebrating 150th a anniversary of the 501 and all year long. we have advertising to break of the grammys in a week and a half we're super excited about that and, you know, the 501 has been one of the best performing items in the past year it was up over 30% this past year and it's been a real driver of the growth and now we're going to get a chance to celebrate it with a lot of innovation we're bringing items out of our archives i think there is going to be a lot of consumer excitement around it and i think we'll drive share growth behind it, as well. >> the best venue there to be direct to a consumer, you can't control what the store is going to do with your merchandise. >> the business for prospective our dtc business when i joined the company 11 years ago was 21%

of the global revenue. in the fourth quarter it finished at 39% and when we had investor day back in early june, we set our objective in the next five years is to get it to 55% of our business and we're investing in dtc we added 136 gross this year we shut a lot of doors this past year, too, particularly in russia so we only added net six new doors but we delivered strong comp sales growth across the board in all three regions during the year. our stores are getting increasingly more productive we also added 11 new main line doors in the u.s. where we don't have many main line doors in just the fourth quarter. and that takes our total main line count to 66 stores in the u.s. we see tremendous opportunity to premiumize the u.s we have a lot of white space markets where we don't have a main line door today and

committed to getting to 100 doors beyond the years. >> chip, i'm listening to a fantastic growth story and i have to point to our viewers that some of this is not going to be executed by you. that you are indeed leaving the ceo job. we only know you, our viewers only know you as the ceo why the change >> well, you know, i've had a great run here, jim. and i've been working with the board of directors on succession planning i'm still in the job and not going anywhere until the board declares michelle is ready but, you know, we found a sitting ceo who was willing to leave her current job and come here because of the tremendous opportunity that exists here and michelle has joined us as president and responsible for the levis brand and commercial operations around the world.

so about 85% of the global pnl rolls up through her and gives her an opportunity to come in and build her agenda as the next ceo and we'll have a very, very smooth transition. we worked on a transition plan that will take, you know, for the next 12 to 18 months and when she's ready and the board thinks she's ready, i will step to the side. i said before, jim, nothing prepares you to be a ceo better than being a ceo and she's ceo. >> i have to ask you, chip, her stock like many department storese edid go down during whe she was -- michelle goss who is former ceo of khol's did go down and all right bounced when she moved to you stock went up 7% your stock went down about 3%. there were activists saying she was not doing a good enough job and i'd like to know your response to that.

>> well, obviously, we dug in pretty deep on this, jim when i see we, myself and the rest of the board of directors, i think fundamentally, is alco alckohl's a better company today than it would have been without her? it drove from a billion dollars in sales to $6 billion in sales in a short period of time. she got them into active wear, which is low single digits percentage of their business it's now a quarter of their business importantly, she brought in amazon you know, which drove traffic and i think the biggest coup was she won the shootout for sephora and they have sephora in 850 doors and based on the levis business, in the sephora doors, the levi's women's business is up double digit versus the non-sephora doors. they're bringing in a new

customer i believe that sector is very, very challenged. it was a very tough lift, i think, but she made that company better i think if she hadn't been there, it might be looking like maybe sears or jcpenney or something -- >> that's new information. i did not have that information. i think that is excellent information that the market wasn't privy to. i think the only thing i disagree on is that ridiculous blazer or whatever it is you have on because as much as your team does indeed play in levi's stadium, need i remind you where you are playing of sunday. >> i think it's going to be a great game, jim. part of the reason i wanted to join you today because i figured we would talk about it i think it's going to be an amazing game but i got to tell you, the niners are playing just incredibly right now and this new quarterback, the kid, brock

pur purdy is the real deal fantastic game. >> i'm worried which says everything i need to know. i usually come in confident. i like that. it's a philly thing. i'm happy -- i got two for you if you need it if you want to come, i got two seats foryou, you ready? i'm buying >> i might take you up on that. >> we will not miss. i bet we see you again all right? >> i hope so for sure. >> thank you very much "mad money" is back after the break. >> announcer: coming up, the mega caps are on deck and start with soft serve. a microsoft earnings recap ahead.

last nielght we heard from microsoft and it certainly wasn't great we heard from the tech titans

because after spending last year in free fall, they started off 2023 with a bang but a lot of the recent strength came down to layoffs basically, they've been rewarded for acknowledging reality business is slowing and doing something about it in other words, it's becoming increasingly clear the business is no longer as strong for these amazing large tech companies we just haven't known how weak they've gotten because the earnings isn't come in keep in mind even though we own microsoft for the charitable trust, we did trim our position this month in part because the ceo made these really grim comments to a cnbc affiliate in india talking about how the next two years will be challenging for both his company and the broader industry wow. very bad so what do the results tell us microsoft sales came in soft up 2% year over year thanks to weakness in the personal computing and gaming division, down 19% year over year.

fortunately, the other team divisions in cloud and productivity and business processes put up descent numbers growing by 18% to 7% in someways the numbers were beater than feared, btf, mr. softy delivered a modest three cent earnings beat with the numbers down 6% year over year but they would have been up 2% on what we call constant currency basis microsoft achieved that bottom line through excellent expense controls their adjusted operating expenses came in half a billion dollars elow plan. which i think is encouraging the azure cloud computing system came above expectations. after investors saw the numbers, microsoft shot up 4% got real pulled up from 242 to the low 250s now the stock was still north of 250 when the conference call got rolling. it dropped like a rock

the moment after management gave us the guidance for the next quarter. i always tell you you should wait until you've heard the conference call before you make any kind of decision about whether the quarter was good or bad. particularly microsoft especially true. where they don't give you the formal outlook in the initial earnings you get that guidance of the call from the chief financial officer, the fantastic amy hood before the q and a session and this time the guidance, let's just say it was discouraging to say the least microsoft is projecting weaker than expected sales, the mid point implies market shrinking this is microsoft. the personal computing and cloud will be lower than anticipated and management had less than ideal growth products and said the growth rate for office 365 would decline sequentially ly b 1% not great. the conversion of office had been a good source of growth, a

regular just kind of a new one worse. they told us growth would slow for their azure cloud infrastructure business. well, azure had 38% revenue growth this past quarter in the totality that had fallen to 35% in december and now, we learn on the call only that microsoft is expecting to decelerate by another four to 5% from that level meaning down to the low 30s. analysts looking for 34 and the cloud business taking a substantial margin microsoft had not so hot things to say about operating about a 1% hit and the revenue forecast for the next quarter was the real bummer here there were positive parts to it. i won't ignore them. the biggest part was the business about the debut of gpt. that's the artificial intelligence technology that can

take your prompts and return incredible results if you ask for a high coup, about the eagles niners playoff game this weekend, it will have a beautiful one in seconds if you slant why you like the eagles, it slants that way chat gpt is made by open a.i. and microsoft is a major investor in a.i. last night's call, they laid out the long-term vision how to gradually integrate the technology into all products he made a compelling case. a lot of people are jazzed about this while the overall sales growth were ugly because they're dealing with a massive p.c. glut, he did the pest to say trends remain strong windows remains pretty amazing time spent per p.cup 10% and stop using computers and don't need to buy more and this is

what you have on the fabulous computer and they haven't changed so much that you want to say i'll throw that one away six months later we also know that gaming has been struggling. remember, that's last night when we talked to logitech. the content and services down 12% but they noted that xbox has 120 million monthly active users for the game pass subscription service. that's the future of the industry people that own game stop, remember, this is a better way than the physical way. people keep forgetting that. ultimately, microsoft gave us what is definitely considered to be an outlook for some of the most important business lines and analyst cut the price targets on mass. that's why the stock opened down more than 3% this morning. now, for me, the most encouraging part of this whole saga is that microsoft managed to bounce off the lows of the day and recover most of the ground lost at the opening it closed down 1.6%.

that ain't bad tells me people are willing to step up and buy the tech stocks on weakness when they report suboptimal numbers what are the key take aways here first as always, i'm begging you to be patient and listen to the conference call before deciding whether to. >> sell, sell, sell. >> people got crushed last night. those who jumped the gun get their heads handed to them and that's what happened to anyone that bought microsoft after last night's number they are down more than $10 now. second, this quarter reinforced some of the worst fears about tech it seems everyone from the world's largest companies to the smallest most speculative outfits are seeing pretty big de deceleration in growth and some of these formerly said hot areas like microsoft azure has seen a real slowdown over the course of a few months and it had been the exciting part of the industry. i know i sure believed it. amazon web services, google

cloud. like i explained the other night, while the near term future for many but not all is truly ugly, the long-term prospects haven't particularly changed and we see signs business might turn soon, businesses like this one will rebound like crazy that's why we own microsoft for the charitable trust and not selling it anymore and i know look, i'm not nimble enough to get it out and back in as i told subscribers to the investing club on the other hand, i'm not buying more in the near term is too grim here is the bottom line, microsoft got hit hard this morning in the less than stellar guidance, at one point dragging the nasdaq down more than 2% and giving the whole market frankly a headache, the best thing i can say is they both managed to rebound from the lows. this is not an encouraging quarter but microsoft has totally gotten cost controls to help hold them over to a truly difficult time i want to go to glenn in

illinois, glenn? >> caller: jim good to talk with you. >> good to talk to you. >> caller: you have been in the past cautious about the market last week you started to be like you were more enthusiastic abou growth stocks and one in particular from the past that you repeatedly like is palo alto networks i was curious to know what you think about palo alto looking to r -- forward. >> the on one i stand behind front and center they have the full sweep and got a truly vilgs nsionariry. when he is done with that company is remarkable. i'd buy it now, right here the quarter was not encouraging but have cost controls for a truly difficult down turn and real cool thing. much more mad much ahead the merger agreement with i.a.a. and friendly so where does the

deal stand now i'll get details from the ceo and tech was flying, why were we buying down and out health care needs for the charitable trust are we crazy all your calls rapid fire in tonight's edition of the lightening round so stay with cramer another busy day? of course, you're a cio in 2023. but you're ready. because you've got the next generation in global secure networking from comcast business, with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want... your team, ours or a mix of both... with the nation's largest ip converged network, from the most innovative company. bring on today with comcast business. powering possibilities™.

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last month we introduced you to a new story, ritchie brothers auction. they can buy or sell heavy equipment, trucks or large assets a few weeks before the interview, the stock was hit hard after they announced the acquisition of i.a.a. that run as marketplace for total damage

and low value vehicles we thought management told a really good story on the show. now, it looks like we're not alone feeling that way on monday ritchie brothers announced a deal with a small activist firm we're familiar with making $500 million in the business we have a bunch of preferred shares getting a board seat for the ceo smith whose work we're familiar with and like thanks to this, ritchie brothers amended the terms offering less cash, more stock more dollars per share special for those who own ritchie shares the stock is up a few bucks but the story seems to have gotten to me better welcome back to the show. >> thank you so much, jim. we're thrilled to be here again. >> let's go over this. in the old deal, you gave people

a mix of 22% cash and 78% stock. now it's going to be 29% cash and 71% stock. why is this good for rictchie brothers and the people on the other side >> it's a fantastic deal for the shareholders involved so as we talked about last time, i have been spending an enormous amount of time on the road meeting with shareholders so we heard from the shareholders they wanted more cash and what we heard from ritchie brothers they understood the transaction,l ll lles llessn the mix. they got extra cash, again, less stock as you said. a small reduction in total purchase price and an ability

for us to pay out to rictchi appreciation for shareholders because starboard when they enter, that equi issued at a prr share where the stock is today not only a huge amount of confidence for where we're headed but much pebetter. >> we're very knowledgeable about the things that starboard has done and how well they've done in many cases did they just have a development? >> it's a very interesting story. they were originally investors when iaa spun out so they know the story well and the potential of that market and how very counter cyclical that business is i have personally known starboard and jeff for a very long time. they have -- i've been watching from the sidelines, how very

well they've done for shareholders and themselves. the day we announce the deal, i got a text from jeff that said cop gr congratulations, we have been looking at iaa what an incredible outcome for your shareholders the market reaction was far from that sentiment in the beginning. a lot of confusion about what is it and so we kept the dialogue going. jeff and his team had done an amazing amount of work, not only on iaa but the incredible potential of the combination and approached us with hey, we think -- we could play a role and be beneficial to the shareholders and we agree. >> i looked into this and it's interesting when a car is totalled, a vehicle is totalled the insurance company takes title and they can deliver it to who they want to my understanding is that iaa is not done as well as co-part with the insurance companies. perhaps you're well -- i know

you got great relationships with the insurance companies. this could do very, very well and be more creative than people realize. >> we couldn't agree more, jim so it's an incredible marketplace, the salvage car marketplace. insurance companies as you said make the determination what they want is performance and teams to deliver try both and said richy brothers has body and collision this is a team they can trust to deliver. >> you do get a better feel from some of the shareholders some people can never win. shareholders on the fence this is a good one? >> you know, it's actually been an incredible inbound interest the work that we had a significant number three major shareholders and stock since we started telling the story.

very excited about the potential and the combination and then since on monday we revealed for the first time not only the costs which are meaningfulby the revenue opportunity they are eclipsing. we have spoken to our shareholders and they are so excited about the opportunity literally the last two and a half days how quickly can you bring these to me. >> i totally believe it makes a huge amount of sense i spoke with the starboard people they are excited. i want to thank the ceo of ritchie brothers exciting transaction so glad you came back on the show "mad money" is back after the break. >> coming up, cramer takes your calls and the sky is the limit it's a fast fire lightning round, next.

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hello, world. or is it goodbye? you know, it seems like hope and trust are in short supply. [clap] now, as businesses we can blame and shame. or... [whistles] we can make a change. [clap] we can make work, work for our communities. create more equal opportunities. [clap]

it's time for business to show its true worth. because it's not goodbye, world. it's hello, team earth. [clap] it is time, it is time for the lightening round call, call, and play the sound and then the lightening round is over are you ready, ski daddy time for the lightening round. start with perry in california. >> caller: hey, jim, it perry. how are you? >> good. how are you? >> caller: doing good. long time investing club member. >> yes >> caller: kudos to you.

i'd like your opinion on ogn thank you. >> look, i remember when it was bought and merck bought cloud and merck spun off and i do not understand why this stock sales at five time earnings. i'll go to ben and he and i will review this to figure out why something this good sells at that lower price i can't otherwise hazard it. let's go to david in virginia, david? >> caller: boo-yah, jim. what is your thoughts on al alibaba. >> i'm so sick of stocks manipulated up or down by the people's republic of china i no longer want to get people involved it's not like tobacco but i've had it with the prc. let's go to jacob in north carolina, jacob? >> caller: boo-yah, jim. thanks for having me on your show again. >> thrilled to have you.

good to have you back, jacob. >> caller: yes, sir. thank you. i just had a question. i think this stock had a big run but i think if you hold it longer you'll devastate your capital. what do you think about cleveland cliff? >> why be in cleveland cliff when you can be in nue we'll go to matthew in washington, matthew? >> caller: mr. cramer. hello from the spacific northwest. >> i loved when my daughter lived in oregon. i miss it. what's up? >> caller: after becoming a member of the investment club, i seen this a couple times on "mad money. this precious metal is up substantially in the last couple months should i take some off the table or hold barri kck gold?

>> the stock is breaking out i got to tell you, what the heck is that stock doing under 20 i can't make heads or tails. let's go to john in new york, john >> caller: jim, my stock is a company that operates traditional bowling centers. >> buowlero it's the only spac i'll think about touching and now we're going to steve in pennsylvania, steve? >> caller: jim bo, boo-yah i'm a proud member of the club. >> a lot of club members tonight. fantastic. >> caller: my question is about the jci, johnson controls. i know you're not a fan of honeywell. >> johnson controls actually is making a big come back jci is doing well. i like the stock i do like honeywell more because i own it for the charitable trust and that, ladies and

gentlemen is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade coming up, tech is bouncing from its recent silicon valley so why is cramer eyeing health care find out next. good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that?

the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. ♪ ♪ a cyber-attack can grind everything to a halt. cisco security keeps your company moving forward. because if it's connected, it's protected. cisco.

people keep asking why are we buying down and out health care stocks for the charitable trust? tech stock haves been flying i give them the same answer, stay in the game i don't want to be blown out when the tech grim reaper strikes. today the tech grim reaper struck with a vengeance because every aspect took a hit. the worst the enterprise software segment by the way, this is why we don't take investment advice from blue oyster coal because you should absolutely fear the reaper i've been adamant for months the weakest segment of the entire u.s. economy is the enterprise software industry. we found out that's one of the

weaker parts of microsoft. there are way too many venture startups that created applications for seeing data, storing data and particularly on the web. suddenly industry full of ruinest competition and there is not enough demand to go around we're seeing the reverberation, aerospace companies can hire the people in need because so many have been laid off and most important, while the layoffs are just beginning, these companies don't know how to do it right. they're supposed to follow cheryl crow, the first cut is supposed to be the deepest instead, most of the techs are salami cutting because they don't know better. when investors saw the layoffs, they cheered and bought the stocks. jeff marks the portfolio manager and i had a different idea we used the moment to buy the drug stocks being left by the wayside like eli lilly expanded $450 million commitment announced to meet demand for a

diabetes drug that should be approved soon for weight loss. the stock is made of horse sense, we still have legs. we're able to buy lilly because it's being overlooked. every time it shows the slightest sign of life if you have too much tech e exposure in a day like today, you might say that's it. i had enough we have to stay diversified. the allure of tech is so enticing we saw people buy microsoft as i told you not to buy anything until you hear the confrerence call. you can't touch it until you hear what amy hood says because she gives you the outlook and trades on the outlook and the outlook was not good this time because of the azure cloud business i can't say the portfolio is bulletproof but it makes it easier to stay in the game when one particularly popular group gets put through the meat grinder. it prevents you from taking your

chips and cashing out and yes, i'm using a gambling analogy because that's exactly what you're doing when you buy a stock after the earnings release but before the conference call there is always a bull market somewhere and i promise to find it for you here on "mad money. i'm jim cramer and i'll see you tomorrow where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪♪ narrator: first into the tank is an innovative new technology to enhance the flavor of a favorite beverage. ♪♪ hi, sharks. i'm phil petracca. and i'm david mcdonald. we are the founders of fizzics from newark, new jersey.

we're seeking a $500,000 investment