i like to help. tomorrow. 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 make you some mone my job is not just to entertain but to educate and teach you. so call me at 1-800-743-cnbc or tweet me @jimcramer. today we witnessed the selling that always comes with uncertainty. in this case the uncertainty of who's going to triumph in tonight's presidential debate. that's the reason why we dent down. dow tumbling 167 points. s&p sinking 0.86%. nasdaq losing 0.91% today

candidates couldn'ting more different, and the polls are very close. so the level of uncertainty is much greater than if we had a runaway front-runner. does the fear make sense? should the averages have been merciless? frankly, i don't want to make any determinations because at the end of the day, this is a political question, and that means it's up to you. my expertise is picking stocks, not politics. there, even for one evening. but i just can't ignore the elephant in the room because that would mean ignoring what's driving the market, and that's what's coming up at 9:00 p.m. on cnbc. the first of the presidential debates between donald trump and hillary clinton. i'm tuning in. i hope you do too. so where do we begin? let's talk about what business thinks first of this election. as "the wall street journal" reported in an amazing story last week, and i quote, no fortune 100 ceos back republican

this kind of tsunami support for clinton explains one of the major reasons for today's decline. it's self-fulfilling. if business people don't trust trump with their dollars, why would investors trust trump with their stocks? when executives at the biggest companies in the world are leery of one particular candidate, maybe we should just sell stocks and wait on the sidelines until we see who wins. there's something compelling about that logic. it drove a lot of the trading today except for one big factor, again quoting journal. most ceos, and this is the quote, have stayed on the sidelines with 89 of the top 100 ceos not supporting either presidential nominee. 11 backing democratic nominee hillary clinton, end quote. it's not like these ceos are pro hillary. with 11 exceptions, they're pro-nobody. i believe the business people who donate to the clinton campaign are either people who think she's reasonable and will take her calls or, more important, vice versa. or they're people who agree with her on social issues because for

day gop to be untenable. the ceo of general election hasn't yet declared who he's supporting, but he did tell "vanity fair" he can't reconcile trump's views with, quote, anything i believe in, end quote. that's a pretty harsh verdict from one of the most important chief executives on earth. let's step away from the ceos and talk about the stocks themes, not the companies or the people who run them. i believe that with some rare exceptions stocks wo as most people think. why? because despite the fear and loathing on both sides, we simply don't live in a world where the president is so powerful that he or she can change the course of business. consider eight years ago we elected a democraticment who was viewed as left wing and anti-business, at least by the people who run businesses. he also had a super majority in congress. since then, both houses in

fact about president obama's tenure from "mad money" perspective is one that no one ever talks about. it's at the dow was at 7,949 when he was sworn in, and it's now a little more than 18,000. these days everything's so politicized in this country that even pointing out that statistic is regarded as heresy. democrats don't seem to ever talk about the move in the averages. i think in large part because they've tried to distance themselves from the stock market itself. it's almost as if the democrats are embarrassed the stock math has rallied this much. they seem to regard it as a curious buy product of obama's policies. kind of a sad oddity that the rich got richer during his presidency. i'm not saying that the market went up because of president obama, but i'm also not saying that it went up in spite of obama. obama. the market went up because of an ideal combination of corporate prof the market went up because the u.s. economy did get better, more jobs were indeed created. whether you think obama had a

the market went up because it was undervalued and over sold. what about the next president? we have a lot of unknowns with trump. he hasn't fleshed out his economic policy beyond a desire to protect american business from foreigners in one a or another. in every case except for guns, i would say there's next to nothing any president can do about foreign trade. even if trump wins, he can't repeal nafta all by himself. he can't bring back oel all by himself. hean mexico all by himself. he'll need congress, and regardless of whether the republicans maintain control or democrats retake the senate, i'm predicting no real substantive changes except -- maybe it's time to buy smith & wesson, especially since it's down a couple of bucks today. the only one i can directly relate to the presidency, how about secretary clinton.

i think she might be equally ineffectual without a democratic sweep. she can push for higher taxes for all sorts of income and capital gains and she has indicated that. but unless you think both houses of congress are going to go democratic -- and that is a very unlikely outcome given the republican advantage in the house -- then there's just not a lot to invest in no matter what you've heard. 11 ceos -- they illuminate the differences between secretary clinton and president obama. clinton by virtue of her many years in politics has built up a huge number of friends, both liberal and what i regard as pragmatic, who knows she'll take their calls. that's right. they can call her, and she'll pick up. do you know that most of the ceos i've talked to behind the scenes through the last eight years have been deeply frustrated because president obama either didn't take their calls or they feel like he didn't take them seriously. i'm telling you this is what they tell me. i know plenty of ceos, both

in the crazy years since this campaign really took off, you know i've only spoken to one ceo of all the scores that i talk to who's actually for trump and has given him money. other than that one ceo, i haven't heard from any chief executives who believe trump would listen to them or act on their advice, and that's quite different about the way they feel from mrs. clinton. so let's put it all together. one, as radical as you may think the differences between trump and clinton are, i don't believe who wins the presidency will ultimately mean as much for the stock market as many people seem to believe. the president just doesn't have that much power over the economy or the stock market even if you sometimes pretend otherwise. second, the idea that trump will be worse for the wealth of investors is contrary to his views, but we know clinton wants to soak the rich with more taxes although those taxes are unlikely to make it through congress. so my conclusion is that today's selloff was really about uncertainty, not about policy.

proclivities and if we know who is going to win the house and senate, then maybe there would be more of a directional move. right now considering what most people think is at stake, i think the volatility is frankly very tame. that's why my bottom line is you need to stay the course. uncertainty creates sell-offs but it also creates bargains. given how little the president has to do with the performance of individual companies' stocks, i recommend pouncing on the stocks of unaffected opportunities, meaning the vast majority of stocks in order to get some presidential-related bargains as long as you stay unemotional and remember that even though business people have hated the obama administration, that hasn't stopped them from making fortunes in the stock market during his time in office. richard in florida. richard. >> caller: hey, jim. love your show. >> thank you. >> caller: what do you think the biggest risk for uncertainty is associated with buying the starbucks stock. for example, slowing growth in

starbucks management possibly losing their mojo. >> it's really interesting. i work with bruce camish for realmoney.com. the chart's bad and everyone kind of knows the chart's bad. i think that china is good for them. remember, i said that the domestic was not that strong the previous quarter. you know what, the stock seems to want to go down. i know that's an odd thing to say, but the risk is more the psychology of the stock than i think who runs and wins for es chris in florida. chris. >> caller: jim, i've got an originally from mayfair, philadelphia, philadelphia eagles booyah to you, skee-daddy. >> well, thank you so much. we had a lot of fans there yesterday. there were a lot of pittsburgh people too. i had to explain to them that the terrible towel, they could always just leave it in the stadium frankly. >> caller: jim, my question is this. i have small positions in two companies which i'd like to make

so i want to know when these two can be bought. >> sure. >> caller: they are two of your favorites, secular growers capitalizing on the humanization of pets. ticker symbol idxx and woof. >> i'm only going to go for one of those, chris. i'm going to say idexx labs has the best, largest plethora of products. by the way, i did not mean to slight zoetis the other day when i talked about the humanization of pets. lot of commercial health care, not vet. but idexx labs is the way that i feel most confident. thank you for the kind words. leave your political opinions for the ballot box because for wall street this is all about uncertainty in the air. keep your emotions in check. look for opportunities to buy when high-quality stocks just get slammed. oh, and watch it all play out on cnbc tonight at 9:00 like me. on "mad money," the hottest pot stock on the planet up 17% today

trial results. i'll see if gw pharma can keep smoking in my exclusive with the ceo. then the phone race is heating up, literally. i'm going to give you my take on how samsung's ill-timed battery issue could light a fire under apple. forget a tin grin. i'm eyeing a company that's taking an eye on the braces market. don't miss my interview with the ceo of align technology. and stick with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer, #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something?

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did you see that incredible move today in gw pharmaceuticals, the british biotech company specializing in creating medicines designed from the components of cannabis, the scientific name for marijuana. this is not some reefer madness play on medicinal pot smoking. because it's based in britain, gw pharma can grow its own

which it then synthesizes into real medicine. they've already got one product on the market, which is a mouth spray called sativex, that helps treat multiple sclerosis spasms. remember, regardless of what the states do, the fed still banned growing marijuana in this country except at the university of mississippi. however, the real story here, the reason the stock was up huge today is because of some great news involving epidiolex, an orphan drug that helps to treat rare types of pediatric epilepsy. incredibly positive phase three clinical trial results for this therapy, and they expect to file a new drug application with the fda in the first half of next year. given that epidiolex has the potential to be a real blockbuster, you can understand why the stock surged to a new 52-week high today. let's take a closer look with justin gover, the ceo of gw pharmaceuticals. welcome back to "mad money." >> thank you, jim. thanks for having me back on the program. >> of course.

a monthly drop in seizures of 42% compared with just a 17% reduction in placebo. what is this doing for the children and their families? >> well, i think the context of this is so important. this is a type of epilepsy which is particularly difficult to treat. the children in this trial had previously tried ten other anti-epileptic drugs so the impact we're showing today is a hugely important potential breakthrough in the treatment of a condition called lennox-gastaut syndrome. we still have yet to apply to the fda and have approval, but this is a huge step on that journey. >> 225 people in the trial. how many do the fda need before they say we have got to give these children and their families the gw pharmaceutical? >> the good news is this is actually the third positive trial within the field of treatment-resistant child onset epilepsy that we've reported results for in the last six

robust and, we believe, comprehensive body of data to file the nda submission with the fda and we are now on track to do that in the first half of 2017. >> so you mentioned that they take many different medicines. so in other words, these children have been taking, what -- you've got people, 16, 17, they've been taking medicines all their life and nothing's worked? >> well, unfortunately in the case of epilepsy, it's a very complex condition, and there are the currently available medications have limited efficacy or are not well tolerated. so this is something which is a hugely important, obviously to the company, but most importantly to the children and the families of those children who have to deal with this condition on a daily basis. to put it into context for you, the children in this trial, on average, were having, despite all that medication, three seizures a day. so 90 seizures a month approximately.

now, i know that there are other uses, and i know that you've got to stay within the bounds of what the fda wants. but we in this country have a very limited view about what marijuana can do versus what many of the doctors say. there are many prescriptions for marijuana written by doctors, but can you just describe the difference between pure cannabis and what many different medicinal stores, so to speak, in america offer and why one's dangerous, the one that's offered here, and why yours is >> well, the critical thing to understand is that the cannabis plant contains a family of molecules called cannabinoids. each of them has its own distinct therapeutic potential. so the epidiolex, this product contains a single molecule from cannabis. it does not make you high, but it appears, of course, to have these encouraging effects.

different molecules within the cannabis plant. so it's important to understand that when we talk about or you refer to marijuana, in our eyes, we're not talking about one thing. we're talking about different molecules that all come from this very interesting plant source. >> also i think it's fair to say that there are -- we cannot get necessarily proper dosing in the kind of the thing that the united states is doing. nor can you necessarily preclude the marijuana, so to speak, isn't laced with something in our country, versus what you're doing, which is pure. >> well, the fundamental principle that we operate to is it really should be the fda that determine whether a medicine should be made available. as you talk about, it's not just about safety and efficacy. the control of the manufacturing process guaranteeing that the formulation that a child takes every day is identical and that it's been rigorously tested and the level of controls and the purity can be assured is a basic principle of modern medicine.

>> so where will you be say, in terms of trials for compassionate use for those who are dying of cancer and really just have endless pain or people who are addicted to opiates and there's no hope? >> well, of course at the moment for a very good reason, our focus is very much in the field of epilepsy. but we have been working in the field of cannabinoid science for nearly 18 years in areas such as pain. you mentioned multiple sclerosis earlier. we continue to loo disease, arthritis, and we're particularly interested in diseases of central nervous system for children. >> right. >> so i think what we see here is that ep die oh lex represents a bit of a break through not just for this product and the children that we can treat, but also for this class of medicine and for the potential of cannabinoids to have a range of uses as we move forward into the future. >> you know that there were many

approaches by other drug makers. is that anything you can confirm or deny, or is that just something that there's been reportage about but there's no confirmation? >> yeah, jim. as you would probably expect, i'm afraid i don't comment on those kind of rumors. >> i don't blame you. congratulations on what you're doing, and i do hope that -- i hope for speedy approval for these families. this is a terrible disease. >> thank you so much. >> thank you, sir. appreciate it. that's justin gover. is this a very important medical breakthrough? yes. is it investable? of course. "mad money" is back. >> announcer: coming up, apple has had an up and down year, but what impact will the issues that samsung have on the battle for smartphone supremacy? cramer gives you his take when "mad money" returns. i absolutely love my new york apartment, but the rent is outrageous. good thing geico offers affordable renters insurance. with great coverage

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after spending ages in the dog house, apple finally seems to be making remarkable resurgence with its stock rocketing up 26% from its multi year lows in early may. that's an epic move, and that move has picked up speed following the launch of the new iphone. we've heard a lot of chatter about why apple stock has come roaring back, but most of it focused on the somewhat surprising success of the iphone 7, a device that wall street had largely written off as nothing special in the lead up to its release. i think there's a hugely important part of this story that's being ignored by almost everyone who talks and writes about apple. i'm talking about the unmitigated debacle at apple's chief rival, samsung, whose latest smartphone, the galaxy note 7 is literally explosive because its batteries have a bad habit of overheating causing the phone to blow up. the issue got so bad that samsung's new smartphone has been recalled here in the united states and the faa, federal

use them on airplanes because they're seen as potential safety hazard. next time you fly, be prepare the for the flight attendants to ask if your phone is a samsung because they'll tell you to keep it turned off until you're safely back on the ground. i cannot emphasize just how disastrous, just disastrous this launch has been for samsung and how incredibly positive the development is for apple. after all, if you want a high-end smartphone, you really only have oi apple iphone or a samsung galaxy. who the heck wants a phone that could potentially burn your house down? i think this dynamic is really helping to fuel apple's recent move higher and considering the damage its done to samsung's brand, i bet there could still be a lot more upside here. stocks don't go up on a day like today that's bad unless there's real buyers underneath the stock.

published something we've been working on for the last five days, an in depth look at how badly samsung has screwed up because it's so important to the apple thesis and how their mistake has opened the door for apple to regain its momentum. i want to take a closer look here because i think this is an incredibly important story. first thing you have to understand that apple stock has been stuck in a rut for a year, deservedly so. but the iphone 6 was extremely strong. then as china's economy seemed to be slowing in the summer of 2015- then last yearau the iphone 6 s, that was widely seen as disappointing. in the first two quarters of 2016, apple reported two straight quarters of declining sales and that's something they hadn't experienced something in well over a decade so the stock sold off. only a few months ago apple was viewed as a down and out company. the iphone might still be a cash cow, but the conventional wisdom

as a major growth driver for apple were long gone. you know growth is how stocks rally in this market. samsung, the giant south korean electronics conglomerate was nipping at apple's heels, offering a smartphone that was gaining market share while apple's iphone sales declined. samsung hates apple, and for years they've been trying to catch up with them and ultimately beat them. and the second quarter they seemed to be doing just that. with samsung's premium smartphone market share in points to 35% while apple's dropped by more than 9 percentage points to 50%. but that wasn't enough for samsung. they wanted to hit apple with a true knockout punch, so they launched an expedited -- they expedited the launch of the galaxy note 7. they pulled its release date forward by ten days while adding ten new features and dismissing concerns voiced by its own suppliers that such feature-heavy launch could cause

the new galaxy smartphone came out to generally positive reviews. it got great write ups but almost immediately afterwards we started hearing reports that the phone had a habit of catching on fire while it was charging. two weeks later samsung launched a global recall but failed to coordinate with u.s. safety authorities. it turns out that the note 7 has opened a pandora's box of problems for samsung and they're being ignored, i think. at first the company was vague about why its phones were spontaneously combusting. initially they blamed battery issues. but it turns out that in the rush to get an iphone killer to the market, samsung did make some serious design mistakes. the crux of the problem is that the galaxy note 7 lithium ion batteries were squeezed into the device way too tightly. what's wrong with that? like any battery, these have a positive electrode and a negative electrode with a separator keeping them apart because if the two electrodes touch, well, they'll overheat and can catch fire on exposure

by squeezing its batteries too tightly, samsung made it much easier for that separator to melt down, which ultimately leads to an explosive chain reaction, hence what's happening. so how could a company like samsung screw up so badly? unlike most other gadget makers, samsung has a unique vertically integrated business model. not only do they make their smartphones but they also make most of the components including the battery. in the past this has been a big advantage for the company because they could design nearly every part and make more money doing it. however, because samsuas complex, their greatest strength turned into a weakness. in their rush, they sacrificed safety for more speed, more features, more processing power and it did literally blow up in their face. at this point, samsung has already started handing out replacement versions with a new battery made by a third party manufacture. however, this new iteration has its own battery problems,

reports that this new battery runs out of juice very rapidly, not what you want in your smartphone. we got to ask ourselves where does this leave apple? unlike samsung, apple is willing to take its time gradually rolling out new features over time, improving the iphone methodically over the past nine years. granted the iphone 7 launch wasn't flashy, but even the biggest naysayers were surprised with the speed and the storage. but even if the iphone 7 was just a small u f apple would still have had an amazing opportunity to take market share right now. in terms of high end smartphones only samsung's galaxy came close to the iphone. i haven't read enough about this -- i got to believe a ton of these samsung users will switch to apple, especially in china, where samsung has handled the recall poorly, a status that continues as of this moment. >> you may read about how few people ever switch smartphone

is different this time. remember, apple's iphone 7 customers come from three places, existing apple users who are upgrading, dumb phone users who go smart, and competitors, namely current samsung users making a switch. first group doesn't change, right? but the dumb to smart might go to apple instead of samsung, and there's more of an incentive to switch to apple rather than ordering a new samsung, especially since, well, there's not really a samsung ecosystem that you'll miss. android and google's made a point of putting its best features into apple apps. apple's made it incredibly easy this time with a switch to iphone application that even an old guy like myself can understand. i'm always telling you the competition is an asthma to profits and now apple's rival is basically taking itself out of contention, which is why i expect the iphone 7 will be the best selling iteration, including in europe where we

came from. here's the bottom line, samsung's incendiary smartphone debacle didn't come out of nowhere. the company got too ambitious. but like icarus, samsung flew too close to the sun, causing dozens of their customers to get burned. they no longer really have a product that can compete with the new iphone, which opens the door for apple to take back a potential enormous amount of market share. apple's patience pays off. one more reason i like to say apple, not trade it. let's take some calls. shannon in new york. shannon. >> caller: booyah, jim. >> booyah, sir. what's up? >> caller: i bought oled four months ago. i want to know do i sell it, hold it or -- >> no. i actually like the business model oled. i think it's a very, very good company. universal display is located not that far from where i live, and

i think it's a very strong group. i think you should continue to own universal display. let's go to stuart in florida. >> caller: booyah, jim. >> booyah, stuart. >> caller: long time viewers from fort myers, florida. i'm a tennis player, jim, and before i serve the tennis ball, i say, are you ready, skee-daddy? >> that's what i want to hear on the court from now on. i'm waiting for b.g. to do that. that's brad gilbert. go ahead. down from where i bought it in october 2014. no earnings growth and a p.e. of 47. >> this is -- i got to tell you, stuart, this was just a major -- it really wasn't there fault. it's a gigantic debacle of tremendous proportions involving the changes at the register. but it makes it so that i've got to wait for a couple quarters before i possibly, possibly, possibly can recommend verifone systems.

really is apple's gain this time. the company's colossal flaming failure is a boon for apple. another reason to own this fabulous company's shares. much more "mad money" ahead. while the name align technology might not ring a bell, many have heard the companies invisalign. i'll tell you if it's worth taking a bite out of the company. then what's driving the selloff? i'm pointing to companies that present buying opportunities. i want to think a little more positive here. lightning round.

with the market selling off today, i think it's a good time to start circling back to the stocks that have been working incredibly well in 2016, which brings me to align technology, that's algn, the maker of invisalign, the clear removable dental braces that make going to the orthodontist feel less like

make a mobile scanning system that eliminates the need for dentists to take impressions. the stock is up aided by a very impressive top and bottom line beat that the company reported in late july. like so many other medical device makers, the stock's been on fire although it spent the last couple months consolidating its gains. let's check in with joe hogan, the ceo of align technology. welcome to "mad money. >> hi, jim. great to be here. >> thank you for coming on. i'm looking at a headline. what is 45% earnings per share growth worth? i've been following your company for years. how did you start getting such accelerated earnings per share growth? >> we have terrific growth margins in this business, jim, and we've been able to expand the top line really significantly both overseas and also through really deep penetration in the united

so overall, the growth has been wide and the utilization continues to increase. we get leverage off of that volume. >> i'm looking at a terrific slide where you have treating patients of all ages. only 3% -- 21% of adults. it seems like the teen market, which is where i'm from, is not even scratched the surface yet. >> yeah, that's the way we look at it too. when you look at 75% of the cases in the united states that are orthodontic cases are teen cases. so when you get down do to it, wee we've primarily focused on adults. that's been the market for us over the years. but we've expanded our portfolio that we're confident in doing teens and our customers are becoming more confident in doing teens also. we're seeing rapid expansion overseas in china, japan, asia and parts of europe on our teen business also. >> i struggle to try to think of why anyone would use the old-fashioned traditional. can you give us a couple instances about why align is so much better because i just don't

typewriter versus a computer. >> yeah. it's a great question. i can tell you that's why i'm in this role. i've been in this role about 15 months now, and i was really intrigued because who in the world would pick to have metal glued on their teeth rather than having clear, almost invisible, you know, plastic aligners that you can remove when you want to from a convenience standpoint. frankly, what it is, is many of the doctors out there over the years that have employed this technology and know how to use it, it's basly digitization process of an old analog piece. so they have to change their workloads. they have to gain confidence in the sense of how to use this product and when to use it. so i think primarily why it hasn't been utilized at a higher extent, based on your question, is just doctors' comfort out there in different parts of the world. jim, the last part i'll say about that also is we have about a 7% penetration rate overall throughout the world. so it's not just teens.

it's getting the doctors up the learning curve, having them have confidence. our technology, about 50% of the orthodontic cases out there -- and there's about 10 million orthodontic case starts around the world a year, 2.8 in the united states. when you look at that, we qualify for 50% to 60% of that. that's what our technology can do today. so we have a huge growth potential in front of us by gaining those doctors' confidence and continue to drive the penetration or the technology that we have. research. just quoting from jefferies, entering the at-home aligner fray, in a surprise turn, align technologies disclosed it signed a deal to become the executive supplier of clear liners, non-invisalign brand, from smile direct club. this is a company you had a tussle with. how did you come to terms with this? >> well, we looked at that. they were using our competitors's product, clear correct, and there were some patent litigation issues there. that's why we filed the lawsuit that we did. frankly, when you look at what

team to talk about their model. when you look at their model, it's really interesting. so i mentioned that 2.8 million case starts in the united states a year. in fact, there are 70 million people in the united states that need to have their teeth straightened that we really don't touch through the orthodontic community. when you look at the patients that smile direct club was taking care of, it was really outside of the orthodontic space to a large extent. so we decided to form a partnership where the sole outside pp club but also take a 17% equity share in that business. we feel very confident that we're expanding the market through this kind of application of the technology rather than cannibalizing the existing technology that we have through our doctor's office product. >> i don't want to bury the lead. i think you should explain to people that you don't have to necessarily see an orthodontist. it can be virtual. >> well, it's virtual, that's right. as far as this is doctor-directed, i want to be clear about that. it's not like an at-home kind of

actually have a doctor look on a cad screen at that particular malocclusion or how that person's bite is and look at it and see if it's fit or not for the smile direct club protocols that would be used on teeth straightening for that kind of application. so you really don't have to go to a doctor's office if you don't want to for these kinds of simple cases. these are very simple cases, usually trying to straighten the six anterior front teeth, jim. >> excellent. i've got to tell you it's a delight to have you on. your company is doing fabulously. thank you so much to joe hogan, president and ceo of align technology. good to see you, sir. >> good to see you too. >> this is the kind of non-economically sensitive company you buy into in one of these market wide sell-offs. it is doing that well. stay with "mad money." alright kiddos!

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>> it is time! it's time for the lightning round! you'll hear this sound -- [ buzzer ] -- and then the lightning round is over. are you ready, skee-daddy? it's time for the lightning round on cramer's "mad money." luke. >> caller: hi, jim. wonder what you thought about the off shore drilling market. it's been tough through this downturn but wondered about ensco international. do you think it can make it? >> the only part of the whole complex that i don't like is the offshore. i'm willing to go onshore because they're drilling, because it's cheaper, but not offshore. peter in tennessee. peter. >> caller: booyah from the state of tennessee. >> nice. >> caller: okay, yeah.

the stock i'm calling about was one that i found on the quant screener. international flavors and fragrances. >> oh, we love that company. my kids still don't believe that i wear the smell of money when i'm in the office. that's our cologne, and it smells like the $100 bill. i think that is a fantastic stock even at $140. they keep delivering, they are so consistent. scott in new jersey. scott. morris county. >> what's going on? >> caller: dnkn. >> it's breaking out, got some -- it's very interesting. this is a stock that had been kept really just doing nothing for a very long time. now it's breaking out, but a breaking out story like jack in the box, which sadly my charitable trust left at a very bad price. these are now working, and it's different from the way they've been. tom in pennsylvania. tom. >> caller: hello, jim. hey, my terrible towel is a

like to have your opinion of bank of new york mellon, bk. >> i'm not going to rub in the terrible towel. i'm going to use my handkerchief to get it a little bit cleaner. i'm very magnanimous in the way that we beat the -- that was a beatdown. anyway, it was fine. what was the stock? i'm too busy thinking about the birds. bank of new york. oh, my god. you know what, the banks are going lower here for now. bank of new york, you can wait until it comes down a little bit and the steeler fans actually i spoke to were incredibly gracious, and i'm sorry if i got obnoxious near the end. what can i do? i'm from philadelphia. robert in west virginia. robert. >> caller: congratulations. your eagles showed me my steelers need to retire some people. >> don't regard them as your steelers. smallwood is your guy. he's from west virginia. you should be cheering him. >> caller: yeah, i've got to change teams. >> yes, you do. that's okay. i can take care of it. what's up? >> caller: i'm talking about

>> we like this. we did a piece about this saying it was incredibly undervalued. the stock did nothing and finally it's roaring, and i like it. let me throw in international paper. i want to be equal with chemicals and papers. don't forget chemtura got a very big bid just this weekend, philadelphia's own. berry makes good things happen. how about nick in michigan. nick. >> caller: cramer, i have a question about applied materials, amat. >> do you know what? today about what stocks should be bought into weakness that are undeservingly down. it's a-m-a-t, amat. that's kind of like e-a-g-l. let's go to gary in north dakota. gary. >> caller: booyah, jim. my stock is nat. i started following this when you had the ceo on your program there. it's going through a lot of changes. what's happening with that stock? >> nat, i don't know.

dividend cut, no. i can't -- i just can't do it anymore. it just hurt too many people. i'm sorry. and that, ladies and gentlemen, is the conclusion of the lightning round! >> announcer: the lightning round is sponsored by td ameritrade. ? ? ? ? ? ? geico motorcycle, great rates for great rides. it only takes a second for an everyday item to become dangerous. new tide pods child guard pack. helps keep your laundry pacs safe and your child safer.

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whenever you get this kind of market-wide selloff, you need to be thinking about circling back to some of our favorite stocks as they get hammered down because of extraneous issues. today we had the uncertainty of the presidential debate coupled with worries about the potential solvency of deutsch bank. the former is simply a fact of life. when we don't know who is going in many ways, this election is turning into the big bad event of a lifetime. deutsch bank, very difficult to call. here's a company that radically underestimated how much it would have to pay for its transgressions in the u.s. mortgage market of the bad old days. judging by the paltry size of its reserves, thought to be between $5 billion and $6 billion versus the $14 billion the justice department is asking for, i'd be concerned if i ran that bank. i've argued that deutsch bank throughout this process simply didn't believe it had done

reason. however, at times like this, the justice department can represent the will of the american people. and the people want bankers to pay for their transgressions even if it's ultimately paid for by the shareholders. it doesn't help deutsch bank was integrally involved in the mortgage fiasco. the idea that the justice department would give deutsch a pass, that was a radical misread, especially when you consider that justice doesn't care if deutsch stays or goes or is wiped out or comes out hobbled. not an american bank. there aren't tens of thousands of employees in this country who can expect to lose their jobs. there will be a settlement, but i believe deutsch bank will need to raise capital to ensure solvency. now, we know this is an exogenous selloff because oil is up more than a buck and the dollar is down. two forces that typically cause us to rally, not sell off. so given that things are looking up for equities away from the political elephant in the room, you got to return to growth stocks. here's a couple great ones that you're getting an entry point. let's start with the obvious one, amazon. cowan this morning green-lighted with a huge price target

even higher take rate for amazon prime than people thought. by all counts, including endless chatter from retailers and the monster quarter from fedex, this is the right call. down six, another chance. it's ironic by the way that i was thinking this market wide selloff could give me a chance to talk to you about fedex. it just reported last week, but it rallied today. that's an incredible sign of confidence. i like that. similar to fedex is foot locker, fl, with a stock that would have been up much more today given the strong push that jpmorgan gave it, whichlu drastic downgrade of nike ahead of the quarter tomorrow. i like stocks that can buck the tide of a selloff on days like today. you know that i like foot locker. finally consider telco equipment disrupter acacia communications, acia, which just pre-announced better than expected earnings this very morning, but simultaneously announced the secondary offering of insiders who certainly have every right to ring the register if this market will run. remember, acacia came public at $23 in the ipo dog days of may 2016.

the secondary offer. you usually have to chase this one to get into it. the combo of the increased float and the weak market has brought it low. i believe this secondary will be widely oversubscribed, and while you may not be able to get in on the deal -- yes, it could be that tight -- at these levels i think acacia is a bargain. you can buy some, down $12. market wide selloffs happen. they may last longer than one day, but you have to take advantage of them. start new positions when they bless us with lower prices for be rallying like crazy on, say, a lower dollar or higher oil. and of course end of the month markups that happen like clock work a few days before the end of a quarter. look for mix of stocks. i say some too strong to get hit hard. others that are simply down on profit taking. that's why you keep money on the sidelines, and that's when you put money to work. stick with cramer. why are you checking your credit score?

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i like to say there's always a bull market some hillary clinton versus donald trump. who packed the biggest political punches and who won the night? >> you called it the gold standard. >> well, i -- >> you called it the gold standard of trade deals. >> and you know what -- >> you said it's the finest deal you've ever seen. >> no. >> and then you heard what i >> well, donald, i know you live in your own reality, but that is not the facts. >> overwhelming reaction from social media and the morning's headlines, straight ahead. plus, it's described as the worst bombing syria has seen in five years. and an overwhelming moment and tribute to a fallen teammate. "early today" starts right now. good morning. i'm frances rivera.