today, thirsty thursday. >> one my favorite days. >> wish we had some more. 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 money. 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. don't overstay your welcome. don't dig in your heels and ignore a big shift just because you had one set of facts that you wanted to stick to, even as that narrative has changed for the worse or for the better. yesterday the facts changed for

roared 9% higher today, helping to prop up the dow jones industrial average although not enough to keep it in the black. the dow ultimately dipping 40 points, s&p declining 0.14%, nasdaq slipping 0.09% partially because of the rancor of last night's debate. i'll have more to say about the debate's impact on the market later in the show. for now, i want to talk about how stock picking is the opposite of politics. if you change your mind in politics, you get eviscerated. but if you don't periodically change your mind in the stock market, your portfolio gets eviscerated. i'm hardly the first person to point out this need for flexibility. i'm taking my cue from the late, great economist john maynard keynes, who when asked why he flip-flopped on a issue allegedly responded, when the facts change, i change my mind. what do you do, sir? i say allegedly because the story is apocryphal, but the sentiment certainly rings true. for example, until last night's

been a serial guide downer, almost every quarter produced a disappointment. analysts had to cut this. go from this way to this, this, this. so many buys to sells, actually in the down probably the most. now, your stock doesn't drop from 95 to 60 in a two-year period because the analysts are sticking by you. they're downgrading your stock. but this particular quarter, the company announced last night was set up to be a truly horrendous number because not only did we expect the usual excuse-making for the lack of operational growth, management also let their lucrative costco contract go to visa and citigroup. i know i was asked what to expect from american express several times this week. and all i could say was, hey, listen, another disappointment coming up. instead last night we got a solid quarter with excellent growth and a re-acceleration of spending to get more customers, not the usual cost cutting that would shrink the base and make

night, i realized okay, all right, i had overstayed my negative welcome. the story had changed, and it was time for me to switch directions. i know that in this youtube world, it's incredibly easy to dial up a contradictory clip and of course slap it on the meanest place on earth. oh, i'm sorry. slap it on twitter. i've slagged american express repeatedly. i couldn't see the value proposition anymore. but i had gotten an american express card out of school more than 35 years ago, and i was keeping it almost for it just seemed atavistic. then a few weeks ago i was flying up to see my daughter in oregon, and i wanted to use the united lounge while i killed some time to get some work done. even though i was flying united, i didn't have a united credit card, so they wouldn't let me in. i was visibly upset, but the nice woman at the counter asked if i had a platinum american express card, and i said yes. she said why not go to the centurion lounge? i said, what the heck's the centurion lounge? she told me it was a fabulous place that american express started providing for its

replete with some darn good food, excellent libations, and best of all, my own power outlet. it was heavenly. i should have changed my mind on american express right then and there, but it's not that simple. a serial underperformer doesn't get out of the dog house that easily, especially when i thought about that costco business that i thought was just plain dumb. now, though, after this quarter where the company said that it bought back 7% of its shares year to date, i know the story has changed. american express is back on a growth track because it's giving members a tremendous bargain ai today's run. narratives do change, and you need to keep up with the changes. take netflix. three days ago the stock was at 99 bucks. today it's 123. why? because the story got turned on its head. netflix trades on sign-ups. those sign-ups had been weaker of late although the company repeatedly told you to not judge its growth on a quarter-to-quarter basis. they kept saying over and over again think longer term. how long term?

bought an astounding 900,000 shares in the open market this summer at 89 bucks. now, insiders can't flip stock. he can't say, hey, sold at 123 after buying at 89. no. they have to own it for the long haul. but that's what you should have been thinking about. hey, look, i've been wavering on netflix, even taking the letter out of faaang, changing the acronym to faaa since google had changed its name to alphabet. i liked it because faaa, as we know from "the sound of music" means there's a long, long way to run. and i didn't know if netflix would hold back faaang. but the street, and his venture capital company, tcv, the largest shareholder on the street, had put a lot of money into netflix at much lower levels. a really smart guy like hoag doesn't plunk down that kind of change idly. so i caveated my negativity on netflix because of hoag's savvy style and my family's love for the programming. some of the smartest money on wall street had bet against netflix, thinking they were spending too much money on content, assuming the company just had to screw up when it next reported.

incredibly great sign-ups. obviously the shorts hadn't seen the fabulous narcos 2, and now you see what happens when the short sellers are the ones to screw up. you get three straight days of tremendous gains. tata, my favorite character in narcos 2, is a fitting coda to the shorts. ta-ta for now. how about long-term cramer fave snap-on tools? in recent months, the shorts have been circling around snap on stock, saying it made too much money on its finance arm and not enouon stellar operations number and, yes, indeed, another strong finance number, and the shorts have now been schooled on snap-ons incredible collection rate because the company knows its customers really well. it doesn't lend it all that easily. that's how the stock can jump ten points on an otherwise soggy day. look at united airlines. this stock, once the worst performer in the airlines, has now leapfrogged over its compadres because the numbers going forward aren't as bad as they used to be, and it's anniversarying easy comparisons. the market has valued united

others. hence why it trades at seven times earnings. what people didn't realize is that oscar munoz, the new ceo, is a much wiser, better operator than his predecessor. if you don't believe me, i need you to do this. i need you to go ask any united employee, anyone. i'm not kidding. i poll all of them because as i said earlier, i fly united a ton. i fly way too much, and i keep hearing the same thing. we're treated much better and our on-time ratio and complaint ratio are much better than they used to be. i know these are intangibles, but they lead to an improved narrative, so the market's willing to pay more for its earnings. i think that like snap-on, america's best and netflix, you aren't going to flick a switch back and go reverse the proces and send these stocks down so easily. every day we see stories that change. every day we have to challenge our assumptions. don't be so negative on mattel. barbie is growing again. better get a little more negative on the rails. plunging union pacific signals there was too much excitement. tonight's microsoft's numbers

line. alkermese looks like it had some long-awaited success with its anti-depression drug, which could totally reinvent the company and give you a re-rated valuation beyond any specific examples, always remember that you need to stay flexible. if i can do it when all my opinions are caught on tape and i get raked over the coals every single time i change my mind, whether it be on here or for action alerts, my charitable trust, you can do it at home without anyone knowing it. when it comes to investing, a foolish consistency is the hobgoblin of little minds and bad stock pickers. so here's the bottom line. for investors, unlike politicians, flip-flopping is a virtue, not a vice. when the facts about a stock change, you've got to change your mind too. otherwise, you're likely to lose a lot of money and miss out on a ton of opportunities. let's go to james in new york. james. >> caller: booyah, jim. how are you? >> real good. how about you, james? >> caller: i'm doing fine, thank you. greetings from rochester, new york, the home of the protonix

>> it is. fantastic. what's up? >> caller: i looked at coupa software and liked the product prior to the ipo. i bought in at the end of the first day that it was offered and watched it stop, drop, regain ground, and then drop again. i believe in the company, but the price is telling me to sell. >> no, no, no. what happened is the guys who got a little stock on the deal then came in and bought it up to get a better basis. probably goes to 21, 22. i don't think you sell it at 25. it would be a mistake. i think you should buy it a little bit lower. use some discipline. three points down and buy a little more. let's go to david in california, david. >> caller: hello. thanks for taking my call. >> of course. >> caller: i bought marathon several years ago when the price of oil was higher. it is lower now, and the dividends are lower. i wonder should i keep it, and

fuel game is going to be in a sweep in the house and senate and with hillary clinton, if you get a sweep, you're not going to want to own it because they're very anti-fossil fuels. however, i think mro, 14 goes to 16, but not much more because i don't think it's as high quality as a lot of the others in the patch. i'm doing a lot more work, by the way, on apache, which looks very interesting. things change, and in the stock market unlike in politics, you've got to be ready to change on making money. on "mad" tonight, after a rough start for 2016, the semiconductor space is slowly coming back. with skyworks solutions up 40% since its bottom in february, is it time to buy? i've got the ceo. then donald trump crafted a reality show cliff-hanger during last night's debate when he said he'd keep you in suspense when it comes to accepting the election outcome. i'll tell you why that could be bad news for stocks. and the last time i spoke to lam research, it was in the process of buying kla tencor. that deal may have fallen through.

upside ahead, or is today's drop after earnings a red flag? i'm asking the ceo what's next. so 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.

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can the semiconductor stocks continue their recent run? lately this group has caught fire, and that includes skyworks solutions, the maker of analog chips for everything from broadband, wireless networking, not to mention various industrial, medical, and military applications. skyworks is mainly known as a maker of power amplifiers for cell phones, and they have a ton of content in the iphone, but they also have a lot of content in the samsung galaxy. still even with the drag of samsung exposure, the stock has been roaring lately after getting hammered at the beginning of the year. it's now up more than 40% since it bottomed in february, and it's up slightly for 2016. part of that is when it last reported in late july, they

many people are expecting a good quarter when they report again in a couple of weeks, but obviously we're in a quiet period. can't really talk about that. can the big semiconductor turnaround continue its momentum? let's take a closer look with liam griffin, the ceo of skyworks solutions, to get a better sense of what's happening with the company and the broader industry. mr. grififn, welcome to "mad money." thank you so much. >> thank you, jim. >> we've got some cursory rules. i mean obviously you're going to report soon, so we can't talk about the current quarter. >> right. >> i know there's a big customer that doesn't really care to be talked about. bu the cell phone industry because what i want to talk about is that skyworks has been a dominant player in cell phones, but you've got more than just cell phones. first just fill us in on how that industry is doing. >> yes, certainly. i think what is really important about our business today is this mobile internet ecosystem we support. it's tremendous. you talked about it all week on the show whether it's netflix, facebook, $5 billion of mobile ads in 90 days, facebook. domino's pizza, you mentioned. this whole stay at home theme.

ecosystem that we support is so vibrant, so profitable, that it is now driving change in the hardware. so in some way, all these bits and bytes need to be managed and delivered with high levels of efficiency, and that's what we do. so when we look long, we see this theme continuing, with more and more wireless engines being created every day and the ability for us to deliver our solutions getting better. >> okay. when david aldrich, who's a terrific ceo, came on first when the stock was at 5 was saying, look, we can be a dominant that was the narrative for the company. do you think that's now too pigeonholed with internet of things, with autos, with medical, and that we're looking too centric? >> the cell phone is still the heartbeat and often the quarterback of our industry, throwing the ball around to an iot device or an appliance or something. however, you are right. this internet economy, it's so pervasive. it's in everything that we do today. so skyworks, for example, has a great position and access points and routers, maybe a netgear or

cord-cutting phenomenon we see. we have products in nest thermostats with google. we have iot in appliances. appliance companies like whirlpool are even now adopting wireless technology. but what's unique about it, it's not always cellular. it's not always lte. it can be bluetooth. it could be wi-fi technology or even a unique protocall called zigbee which is used in smart energy and automation. all of those protocols together come together to give us the best opportunity to serve our markets. >> without being able to mention a specific client, i mean away from that, have you had some back-and-forth with samsung because of the galaxy note 7? are things okay there? what can we talk about? >> yeah, a difficult situation. samsung is one of the leaders in the industry and certainly a customer of ours. we don't expect any direct impact financially from samsung. but at the same time, it does speak to the challenge in mobility. all this complexity that we

battery and performance and higher frequencies and higher data rates makes the whole food chain quite complex. >> now, making it even more complex for this story was that last year you tried to buy a company called pmc sierra. someone else bought that. i was concerned at the time that you were then going to turn to more m&a, but it looks like you've been buying back stock. m&a no longer a big focus? >> m&a is always an opportunity for us. i think one of the things i look at within skyworks that we're proud of is we're generating a ton of cash. you were a follower of our stock when we were $8 in 2005. we're close to $80 today. were were $700,000,000 at that time. we're at $3.3 billion now. we've been extremely disciplined with acquisitions. we have made a few. we recently closed on this panasonic joint venture in japan, which brings high-performance, temperature-compensated filtering, allows you to stay in your frequency as you transmit and receive data. we did a deal with saiji microsystems to bring wi-fi into

in 2012, all relatively small deals but important for us strategically. >> you're seeing the rumors. qualcomm is going to buy nxpi. we had the broadcom/avago. cypress made a deal and qorvo. i mean it's going to continue, right? it's just good for the industry, this kind of consolidation? >> it is good because one of the things our customers want, they want best in class solutions, and they also want integration so one of the secret sauces at skyworks is to take these components that have been and bring an integrated, configured tuned and tested module to our customers. for us, that's worked great. however, m&a, given our balance sheet and the fact that we haven't done a deal in a while puts us in a better position to do one. it's certainly on the radar screen, but we'll be disciplined. if the right opportunity comes along, we'll make it happen. >> last question. geographically, china, india, which is stronger? other markets i should be thinking about because we know that's where the inflection in cell phones is still coming from.

so you have two themes. china has been growing up as a market. it really has. we've seen a shift from 2g, where we may have $1.50 or $2 content, to 3g, where our opportunity goes to $2 or to $3. 4g is still early innings. there's been some great improvement over the last several months. last several quarters, we're seeing china mobile upgrade on 4g. names like wawaver are strategic for us. new companies like lico that was on tv here earlier this week. so we have a pit it's a more mature market. india, latin america, middle east, phenomenal potential, and there's still 2 billion people on the planet have no connectivity. we want to nail that too. >> i'm so glad you mentioned that because so many people think it's peaked. if you have 2 billion people ahead, it certainly hasn't peaked. >> absolutely. >> that is liam griffin. he's the ceo of skyworks solutions, swks, longest stock that we have liked on "mad money." we're back after the break.

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the longer we spend thinking about this election, the more i feel like we're kind of caught between scylla and charybdis, at least as far as the stock market is concerned. on the one hand, if the democrats win in a landslide taking the presidency and both houses of congress, you have to expect a new wave of legislation that could hammer stocks across a host of different industries. the ideal outcome is almost always gridlock, a divided party in control of the white house and the other party running congress. that way it's much more difficult for washington to mess business up. but on the other hand, just when you thought it was safe to hope for a close election, donald trump comes out at last night's debate and tells us he might not accept the results if he loses. i got to tell ul the idea of this election dragging on past election day, that's a nightmare for investors. there's so much money on the sidelines waiting to come in that with a trump contested

won't be able to mount the kind of early november rally that you'd expect when this big, bad event is finally behind us. today trump said he'd accept the results of a decisive vote. what we need to watch out for is a close race that he might decide to contest because that kind of uncertainty could really hold back the averages. look, i really don't care about politics on this show, and i'm absolutely not trying to be partisan. i care about stocks, which is why i need you to recognize the results this election could require you to adjust your portfolio. you can figure out a way to make money either way, but your approach to investing is going to be radically different depending on who wins, which is why we need to get this darn election over with. i think people underestimate constantly just how much of an impact washington can have on the course of business in this country. remember stocks trade based on predictions about their future earning streams. so anything that makes it more difficult to predict the future makes us want to pay less for

entire process creating a level of uncertainty that could depress the whole market until we're sure who the winner will be. consider the news from the past 24 hour cycle and how much of the direction of it depends on this active versus passive governmental stance. first walgreens was up big today and it's not because this charitable trust name blew out the quarter. in fact the substance of quarter was nothing to write home about. i didn't like the revenues or same-store sales. walgreens rallied because the company made it found like the under hillary clinton, a merger like this might not get regulatory approval. under trump, you may not have to worry about antitrust review. if he's true to his word of much less regulation, this deal sails. suppose we get a contested election. then you have no idea what to do. kinder morgan reported a stronger than expected number this morning. i believe it would be much harder to get any new pipelines

why does kinder morgan do well in that scenario? it has a fantastic existing pipeline network and the lack of potential competition would mean higher rates. deutsche bank is percolating on the possibility of deep-pocketed partners coming in to help rescue the company from the justice department's severe settlement demands. i think a clinton justice department would keep playing the same kind of hardball that we've seen under obama, but a trump justice department, i think it would be a wild card, deutsche bank. here's the bottom line. those are three stocks whose direction depends on the results of the election, and they're just the tip of the iceberg because the president's decisions and appointments impact a whole host of businesses. that's why it's so imperative that we know who wins on election day. the longer we need to wait on the results in case of a potentially contested outcome, the longer this market will spend languishing as we wait for precious clarity. rick in texas.

greetings from the dinosaur capital of texas. >> i hadn't thought of that. what's up? >> caller: my concern and question is this. by the end of this year, our national debt will reach $21 trillion. how is this going to affect the bond and stock markets in the short and long term? >> short term, not because there's a shortage of treasuries. it's actually, believe it or not, a short term concerns that not an issue. longer term, i know you and are both very worried about what it's going to do more for our kids' portfolios and their lives than it seems like the government is. we have to get the entitlements down. it's the entitlements doing that. long term is going to put a damper on our stocks. how about diana in michigan? diana. >> caller: hi, jim. i'm a long time listener of you and cnbc. >> oh, thank you. >> caller: and also a very, very long time owner of merck, plus other stocks. >> okay.

political situation and the effects that they may have? >> diana, i am so glad you asked this question because i was talking to a pharmaceutical executive the other day and i was saying that merck would be at 65, 66, on the good news of keytruda, its anti-cancer formulation, but because of worries about washington, merck has a lid on it. come the day after the election, if it's not contested, i think merck goes higher. curtis in north carolina. curtis. >> caller: booyah, jim. thanks and to you and the "mad money" team. appreciate your expertise as always. >> thank you. >> caller: given what we know going forward, would you stay long with smith & wesson in a long position? >> yes. i think that it's very interesting to hear hillary clinton defend the second amendment last night against -- you know, she was trying to be pinned down, and i can understand how anyone would say, well, look, she's much more

is a good company and we don't have in this country laws that are going to make it so that smith & wesson will do poorly. i think that represents a decent value in this market. okay. is it november 9th yet? no matter who you support for president, remember that stock prices will stay down until we've got some clarity, some certainty about this race, and a contested election would only make things worse. much more "mad money" ahead. the lions get all the hype, but could a lam get wall street talking? don't miss my interview with fresh off of earnings. then take a seat, cramerica. herman miller just gave the most famous task chair a 21st century update. i've got the ceo. and all your calls rapid fire in tonight's edition of the

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got slammed after reporting a seemingly strong quarter last night. lam research was in the process of buying semiconductor fellow travel kayla ten cor. earlier this month, the justice department blocked the deal. thought it was too anti-competitive. the market didn't seem all that upset. lam stock jumped 4%. why did the stock get taken to the wood shed, falling 2.8%? last night lam reported a solid three cent earnings beat with in line revenue and much better than expected earnings gui for the next quarter. initially the stock jumped on the news, but this morning it gave up those gains, slid into the red. i can only spot two issues. first the forecast for equipment relates to d rams was soft. second, management still hasn't presented a long term plan for what to do now the deal is off. in the end, i think this pull

stock into weakness. let's dig deeper with martin anstice. welcome back to "mad money." i went through everything. this is one of those things where you start making your calls because i didn't see anything negative. people were saying, jim, jim, listen to me. it's the peak. i said i think martin addressed that point. here we are. i need to ask you, when you get that kind of comment, what do you tell people? >> i tell people that we're focused on the long-term opportunity to innovate for the success of our customers in the semiconductor industry and create long term revenue for our shareholders. there's a compelling track record. we are about to record our fifth straight year of growth. we have revenue growth of 18% over that period. to that point, we met or

strong for the company and certainly our outlook for calendar '17 is that our customers spend more money on equipment, and we think there are some tail winds specific to our company. longer term, there's too much going on in the semiconductor industry in terms of opportunity for innovation. we're very excited for the industry as a whole. >> we did see you on november 6th of 2015, right when the deal was announced, and you know i applauded the deal. i thought as you said you had an opportunity to the last ten days to meet with most of our key customers around the world, and so far i'm very pleased with the response from them. did that not get communicated to the antitrust authorities? >> you know, it's not the most transparent process, i'm sorry to tell you. but i did spend a lot of time -- we spent time as a company, you know, ahead of this deal getting our customers invested in success and throughout the last 12 months, i'm pleased to say

were absolutely invested. neutral at a minimum, positive in many cases. and certainly lam research and ten cor, the objectives for the company remain in many respects. there's a value proposition for process and process control. we just have different strategies to execute now. >> samsung is widely known to have some problems with the galaxy, and it looks like it's billions of dollars. i see korea having a big chunk of your business. should we be worried about samsung, which is the largest buyer that they may have to cut back because of problems with the note galaxy? >> obviously it's unfortunate for samsung to be working through the issues, and i think like every supplier of samsung in the industry, we're invested in supporting them and wish them every success in their recovery plans. you know, reality of the semiconductor industry today is

we have engagements across the full portfolio, and the outlook we gave you yesterday and the rest of the investment community yesterday for stronger spending in canada '17 obviously incorporates the best knowledge we have, including in the subject that you just referenced. >> excellent. how about this gigantic cash position? where does it go? >> well, to your point, we perform $5.8 billion of cash. the basic headline for the company is a constancy. profitable growth of our company as a matter of priority. and when we have cash which is excess to that need, returning cash to shareholders. we've been focused on accumulating cash for the purposes of using that in the kla tencor transaction to your point in introduction. november 18th, we intend to communicate our plans not just on capital distribution but revise our long term financial model and talk about the strategic growth opportunities for the company independent of

>> one of the things i find confusing is there is a kind of a disconnect. the analysts want to know about the next 90 days, but it is very clear that over the next four or five years, you're going to have -- there's a radical transformation in the industry and you can't make the kinds of chip we're imagining without lam. should we stop thinking about this kind of thing as peak trough? >> i think you should. i think the world of cyclicality is long since gone. silicon, the integrated circuit is at the very foundation of the tech economy on a global basis. the reality of semiconductors today is the industry touches every single person on the planet, and our customers aspire to change the world. no longer is the definition of success about improving the performance of a chip and lowering cost. it's about delivering climate control, predictive medicine,

time, it's about making our lives more exciting with virtual reality and pokemon go as well. there's a tremendous appetite for enabling the tech economy, silicon, and the advancement of a semiconductor road map is at the origin of that. we have the right products at the right time. more, we don't have products that are not central to the enable vision. so we're very excited about the future of the company. >> well, i am too, and i'm tired of hearing peak, and i understand the analysts want to play that game. but i think the people that have been with us recommending this stock and your predecessor company for years and years have done much better than those constantly calling or crying wolf of a peak. thank you so much, martin anstice, president and ceo of lam research. good to see you, sir. >> thank you, jim. >> people love to call peaks and troughs even when there's secular growth, and lamb is about secular growth. "mad money" is back after the

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>> it is time! it's time for the lightning round! that's where i take your calls d you tell me the stock. i tell you to buy, buy, buy or sell, sell, sell. we'll play 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." we'll start with carmen in illinois. carmen. >> caller: what are your thoughts on exc? >> i think exelon has got it together. i was very confused. i was worried about the other mergers but a 4% yield with some growth, exelon is for me. i need elaine in ohio, elaine. >> caller: booyah from

>> tough season right now, but absolutely. i agree with you. what's going on? >> caller: i'm looking for some more income, and i came across this carlisle group. >> yeah, that yield could be -- may be a bit of illusory. i don't know if they can maintain that. you got to be careful. it does seem undervalued to me, but if you want to own it for yield, you got to be careful because i don't know whether they can back that up. it's a very opaque situation. martin in georgia. >> caller: hey, jim. how are you doing? >> i am doing well. i hope you are too. >> caller: i'm calling about isrg, intuitive surgical. >> the stock has come down enough. the quarter was fine. the guys are pressing it down. it's a good quarter. it's come down enough, i would pull the trigger. i like intuitive surgical. i didn't see any inflection to the negative in that conference call. jovan in new york. jovan >> caller: hey, jim. what do you think about scorpio

>> not recommending any of the crude tankers after the disaster that was nor dick american. gary in florida, gary. >> caller: booyah, jim cramer. i'm from south beach, florida, where the women are as hot as jim cramer. my question to you today is what's going on with jetblue? how come it's not moving up like the rest of the airline? >> well, it's got a lot of competition. it doesn't have the roots that you necessarily want. that's why i've been liking united continental and southwest you were not there with the hot as a pistol there but whatever. bill in new jersey. bill. >> caller: booyah from breeam, new jersey. >> i love breeam. the houses are more expensive than my place. go ahead. >> caller: i'd like your advice on cypress semi.

>> caller: booyah, jim. booyah. double booyah. >> triple booyah. >> caller: buy, sell or hold on acena retail? >> i can't give up on it but that last quarter was just awful. but, you know, if it goes up a little bit, maybe. what can i say. it was just not good. let's go to cory in massachusetts. cory. >> caller: hey, jim. thanks for having me on again. really love the show. you know, what do you think of opht come december? they could knock out regeneron. i don't know, it is a -- >> i don't think they're going to. let me do more work on it. the stock doesn't get down 53% for nothing. let's take a hard look at that, and i will come back. let's go to scott, also in massachusetts. scott. >> caller: ariad pharmaceuticals, buy, sell or hold? >> all right.

to do -- i'm not as caught up as i should be on that situation. i will have to come back. and that, ladies and gentlemen, is the conclusion of the light round! >> announcer: the lightning round is sponsored by td ameritrade. what? finally, i thought he'd never leave... tv character: why are you texting my man at 2 a.m.? no... if you want someone to leave you alone, you pretend like you're sleeping. it's what you do. if you want to save fifteen percent or more on car insurance, you switch to geico. it's what you do. tv character: taking selfies in the kitchen

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between the eagles loss to the redskins on sunday, the huge number of earnings reports we've received and the final presidential debate last night, it's been a long week. this is only thursday. it's times like this you need to take a load off. tonight we're talking to a company that's mastered the art of helping people sit, herman the maker of all sorts of modern furniture. you know them as the company behind the air on chair, the gold standard for ergonomic office seating solutions. these things sell for hundreds of dollars and they're worth every penny, especially if you're like me and you need extra lumbar support. now, when herman miller reported its most recent quarter a month ago, numbers came in a little light on the top and bottom line. the stock has fallen from $32 down to just below $28 right now.

first major redesign of the aeron chair since it was introduced in 1994. two years of design and enginering research. i think this could be a potential needle mover. so let's take a closer look with brian walker. he's the ceo of herman miller, learn more about this new design and what it means for the future of the company. welcome to "mad money." good to have you, sir. >> fantastic to be here. >> this is a technology company that's also iconic. we were talking about from muhammad ali, president obama, re people love your chair. if you do a redesign of the chair, does it actually possibly accelerate earnings. >> the big thing here, it's a great franchise. fundamentally it's the greatest chair ever produced and it's still fundamentally the best chair. what we wanted to do, though, is we've had 20 years of new knowledge and new science by don chadwick, brach walker, one of our great partners. we said let's take the icon and move it forward so that not only

could enjoy the chair. >> what are the three things that are different about the one that i love, i have, and the one that i'm sitting on? >> you know, essentially while the chair looks very similar, really everything from the castors up is new other than the frame, the silhouette of the chair. the most important thing we tried to do is make the pellicle, the mesh, if you will, fit the body better so it now has a zonal control, which you instantly feel when you sit in a chair, it's better than the old chair. no offices often sit in multiple locations, so they're not going to sit in just one chair. so we wanted to make adjustments super easy so that when you went from chair to chair, you could dial it in faster for you. and we've changed the ride of the chair so that you get a more smooth curve of ride throughout the whole recline to upright motion. >> i think it's important to talk about how these kinds of things you're talking about dovetail with what you basically have as a health and wellness company that makes chairs,

including are about sustainability. it's about new generation and what they want. this is in your culture. >> absolutely. if you look at the founding of the aeron, a lot of it was about aeration. the early idea came from how do you help people that are aging, age in place, be more comfortable. everything we think about is how do we make your people more productive, more happy, if do you that, you're going to have better employees. careful always to say how do we make sure the cradle to cradle of this chair is going to be sustainable from an environmental standpoint and maybe the best mark of sustainability is something that lasts forever. >> in the last quarter, could that be a transition? we're talking about something that could last for years and years, a new chair. maybe people are waiting for it. it could have impact. >> i don't think so because we

>> so today is the first day. >> we start taking orders today online. we took some orders as soon as we announced it this morning. we had let some of our larger customers know it was coming, but generally their buying cycle is pretty long, so i don't think it affected the quarter to be honest. there was a lot of talk by many industrial companies that the summer was kind of soft. >> yes. >> and we saw that same period. we didn't know at the time until we saw some of our competitors and other industrial companies talkut but certainly as we got into august, we saw much better performing. >> design of the century, "time" magazine, for three straight design of the decade awards for a chair. >> for a chair, yeah. we've actually -- you know, herman miller, one of the great things and one of the pleasures of leading the company is we're constantly coming out with great designs that set the new standard. in fact, just recently, we have this concept called the living office was named one of the 20 top designs of the last 20 years. >> okay. design within reach, i did not

i mean i bought stuff at design within reach. >> we acquired them two years ago. they had been a long partner of ours on the retail side. we had an idea to build a consumer business. they were a big partner of ours, our largest distributor, and we knew the two guys who ran it for many years, old friends in the industry. they were owned by a p.e. firm and we're coming out of a p.e. firm. we say, hey, you know what, let's get together because one of the things we saw happening is that more and more offices have a living element to them. r >> and we also believe that for herman miller, we had to get more connected to the end user. so we've always talked to the company. we want to talk to the fans of the product. so when the company's choosing, they're choosing based on what it's going to do for the people. >> then finally you are a made in america company. >> correct. >> everything. now, i know that you also have to buy a lot of steel. do things like the tariffs in the debate like you, that the steel raw cost of yours, you have to pay it because you're

does it affect the pricing of your chair that we put tariffs on steel? >> it would if it went to the particular steel that we buy. so far that's not a big issue for us. certainly we saw steel prices rise a bit this year. last year was a great year for us on steel. it's come back up. you know, our job is we're big believers in lee manufacturing, work with toyota for many years. our job is, you know, what we have to everything we can to always be more efficient. we're always looking for things we can bring in house. in fact, this chair will produce more of it in house, which will enable us to offset some of the steel cost. >> how come you can make them better in america and still make a lot of money and we keep hearing people have to offshore things? >> the truth is we make our products regionally around the world. we make this chair in the uk. we make it in china, and we make it here. and we ship it because for us, speed is important. this might surprise you, but we actually produce this chair in 22 seconds. >> i want to go to your assembly

the guys that do that work are amazing people. we literally bring the inventory in every 45 minutes, and everything we make today ships today. >> i love it. you're an amazing -- you work for an amazing company, and you've done terrific things. this is an iconic moment right here, right now. introducing a new chair that i want. that's brian walker, ceo of herman miller, a great american and worldwide manufacturer which perhaps the most well known piece of furniture ever made. "mad money" is back after the break. wanna check yours?" "scores don't change that much. i haven't changed." "oh really?" "it's girls'night. ah huh." "they said business casual." "i love summer weddings!" "oh no." "yeah, maybe it is time. maybe i should check my credit score." "try credit karma. it's free." "oh woah. that's different."

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microsoft is looking real good tonight, should go to an all-time high. proofpoint, remember we spoke to them just two weeks ago in san francisco? monster, good cybersecurity number. that group had been weak of late. amd, got to do more work. not quite sure. paypal, looks like it's the three-year outlook. they gave you one, and it looks very, very positive. finally the stock's breaking out

i like to say there's always a bull market somewhere. i promise to try and find it just for you right here on "mad money." i'm jim cramer, and i will see you tomorrow! modest person, ver. it's true. we have proven that we can actually be civil to each other. >> donald if at any time you don't like what i'm saying, feel free to stand up and shout wrong while i'm talking. >> candidates trade biting jokes and even a handshake. what a difference 24 hours makes. breaking news, iraqi forces launch their biggest push towards mosul, but one american is killed in the fight against isis. then a beautiful, playboy model mysterially died from what