don't you do it my mission is simple. to make you money. i'i'here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now. >> all right, welcome to "mad money." it's a tough day, obviously, out west. tough day in the country. still we come out to make sense @ of what's happening in the market. and while e tragic newew certainly impacted stocks, there was a broader context to what turned out to be a fairly large decline. the context centered more on a speech given by the chairwoman of the f feral reserve than any other event, including the tragedy unfolding out west. now, you know, we can hang on every word the federal reserve chairwoman j!net yellen says about what whether the fed might raise rate. we can debate the size of the rate hike, the speed of the increases and what the statement will say, some people will feel that's more important than anything.

and do selling as many big investors did before t events arted occurring out t st but ultimately the dow tumbling 159 points, s&p plunging. sadly, i believe, some of the late afternoon declined stemmed from worries about the tragic shooting in southern california and whether it could be part of a larger terrorist action. most of the selling started and was about janet yellen's statements. we can flit in and out of stococ based on every federal reserve utterance as we seem to do. how about this? maybe we can just keep calm and carry on? except rate hikes are coming and go to work regardless of what is seseby the fed to build d portfolio that fits our world view. our world view even if the fed tightens. i know if you're oblivious to what yellen says or you try to be or what any federal reserve official of any importance says you may not know why the stock market spikes up or down on a

i know i can't afford to skip a big speech from janet yellen, i have to talk about it on the show. but i also know i can't hang on every word. that won't make you money and you home gamers should don't that, either. here's why. for four years now i've been hearing the fed has pushed to propp the economy and that's what it is. it needs to end. i hear it from the ideologogs so to speak who don't like the fed meddling in business and want the economy to sink or swim on its own regardless of whether it might drown and take companies and their stocks with it not to mention workers tossed out on the street. i hear that same thing from those who fear inflation even as there's no inflation to speak of. i hear people who say business has gotten better so it's time for the fed to move. finally i hear it from peoeoe who can't stand the suspense and want to get the darn thing over with. here's the thing these people have in common. first, they've kepepyou out of one of the greatest markets in history, even as it's been muted lately. second they kept you away from stocks of companies you knew were doing well but were afraid

uld happen when the fed tightened. let's talk about netflix, google, alphabet, facebook, amazon and ale. i pick on those for the moment because if you ask my kids to name some stocks of companies that they like and swear by, that's the ones you come up. remember, the young don't inherit the earth,h,hey inherit your stockck in short the fed must raise, feds should raise, fed is behind the curve. fed can't act now, window closed, clack. it's truly kept people in the shadow of certificates of deposits that yield less than 1% or if you're part of the crowd that is so judgmental of the fed you can argue the fed is allow reckless people to borrow a great deal of money and make terrible investments that can come back to haunt us but so far the terrible investments have produced t trific returns. i'm not here to judge what you might have done with your money. i'm here to tell you how to use the endless chatter about how to

let's take today. we know the fed wants to raise rates. we heard that when yellen spoke. we heard the fed doesn't want to wreck the economy and throw people out of work but it doesn't want to stoke an overheated economy. i could ha said that in the last four years. there's nothing new about what i just said. nothing. it's the same thing we've heard since we came out of the great recession. yet every time we hear it the market sells off. the fact that this time the fed may raise rates by a quarter of a point is accepted d t stocks get slammed any way.y. is that right? the question can be best answered by the following analogy. right now, the mall, let's go to the mall. it's stuffed with department stores that have too many winter coats. how can that not be the case? it's over 50 degrees and there's only 22 days left to christmas. the key is traffic if cramer's department store were to advertise winter coat sale 50% off that wouldn't get you into

winter coat. you're thinking geez, i don't even need a full jacket. who knows if we have a winner? how about if cramer's department store took a different approach. something like this, this weekend take 25% off all store merchandise. that might help get people into the store and maybe they'll buy y those coats. if not, you'll have to sell them a company like a tjx or a ross stores at a loss. they come in with cash and buy them and sell them to you marked down. much better to have a sell than dump the coats. let's apply to the same logic to the stock mark. what are the winter coats you don't need? maybe stocks of companies that would be most hurt by a tiny rateike and a promise of more down the road. stocks of companies thth sell overseas because the dollar should soar or it might be companies offering low interest rates to entice you to buy their merchandise and th would be the car companies. notice thosetocks haven't done

all of the merchandise gets marked down. 25% off at cramer's. you can take your shopping list, by stocks of companies that won't be impacted by a rate hike but are being put on sale anyway as part of the store-wide sale. maybe this is when you buy a biotech or food company or higher yielding drug stock. they shouldn't'te on sale but they are. perhaps you pick up general electric. we're going to hear from jeff immelt, the o of ge. maybe you'll hear about how his company isn't hostage to the fed but today his stock was put on sale anyway, although not that much because there's strength there. that's when you start buying. in case janet yellen jars more people when she speaks tomorrow we get a strong employment number on friday which will freak some people out because it would mean a december rate hike is inevitable. rtainly you buy in stages on the way down. never all at once. you know that's what i teach. so here's the bottom line. you can be paralyzed by the stock market equivalent of the

about using that sale to buy stocks of higher quality companies at a better price you would be able to able to get. tell me what you do as a consumer, a shopper, and i'll tell you what you do as a stock buyer which is the same thing. on "mad money" tonight, my exexusive with jeff immelt, ceo of ge. then i'm looking at two stocks

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finally getting credit for its fabulo turn around from a financial company that happened to make turbine, locomotives back into a fast-growing industrial powerhouse with very little banking exposure as management has sold off $126 billion worth of assets. in short, ge is transforming itself into a leaner more focused and easier to analyze company that may be able to buy back an immense amount of stock and offer an even larger dividend than the one that gives you a battle for more than a 3% yield. tonight we are lucky to have the architect of this with us, jeff immelt, ththchairman and ceo of f ge and a man who used to be, i'm proud to say, my boss back in the day when nbc universal was part of the family. welcome to "mad money." >> hey, jim, how are you doing? great to be with you. >> same thing, jeff, really is. all right, jeff, we have to start with the fact that your stock has been the best performing large capitalization industrial company in this

this year, a leader in the dow jones industrial average. what do you attribute to outperformance to? simplification, product portfolio? perhaps a change in cultururto a more industrial internet company? a bit of all three? >> i think it's a bit of all three. we've had a lot of things come together this ye. the dispositions of ge capital have happened fast and in a valuable way. i think the synchrony spin has been a terrific value accumulated for r vestors. our industrial businesses are going organically, faster than their peers with higr margin growth and i think people look at the company now, they can understand it t tter and i would tell you, jim, i've been doing this a long time. when i look at the next three years, the ge teams knows what we have to do, we have the tools to do it with and from a capital allocation earnings growth organic growth standpoint we're a good bet for investors right now. >> i think people have to

brought this up. your organic growth, this is a big company, far exceeds most of the companies in your sector. is that long-term decisions that are e aring fruit or just the fact that the portfolio fits the market and the times we are in? >> i'd make two comment, jim. first of all you have to invest to g gw and i think the long-term bets we've made on technology, digitization, globalization those are paying off right now and in a slow grgrth and volatile world having -- being in a multibusiness structure allows us to be able to play through this in ways that more single-purpose companies can. so while the only gas business may be tougher, the aviation siness is booming and you add all those up and you get an industrial organic growth in the mid-single digits. that looks damn good in the environment we're in right now.

>> i know a trusted advisor of yours for a long time purchased $2.5 billion. has penned a white paper and 's a lot about what we're talking about except it's entitled transformation under way but nobody cares. thinks your stock could go from $40 to $45 at the end of 2017 but the way to get t tre is to return 40% of the market capitalization which includes borrowing a lot of money. good idea? >> here's what i would say. we have a lot of great investors. i think having a long only investor like nelson in this stock is a good thing for our investors right now and i think the combination of organic growth, margin expansion, capital allocation that's more heavily weightedowards buyback through ge capital and the potential to take on more leverage, those things are

it should give us top of class industrial eps growth and distinguish ourselves fromom margin and return standpoint at the same time. we have a lot of good investors that see this as a good way to achieve value creation fororur long-term holders and i -- look, i think the management team is completely aligned with that as being a good way for the company to go.p jim, look,k,ll that being said, organically, we're still investing in r&d, capital expansion, all those other things but i think with ge capital we have the opportunity buy back a lot of stock, keep the dividend at very attractive versus our peers and grow the company organically higher than our peer set. so organic growtwt margin expansion, return on capital investors, that's a good combo in the world we're in today. >> and it's also once you e the final diosal to wells fargo, this systematically

for a new general electric? >> i think we're substantially an industrial company. that's what we're set up to be. more than 90% of our earnings will be industrial. we no longer fit the screen of what had b bn a systematically important t nancial institution and it allows us just to be what we are. a high tech best in class industrial company where we use financing as ways to generate good returns and grow our industrial business and from an investor standpoint, from a capital allocation standpoint it allows investors to see us for what we are. we should be a high margin industrial company and i think it's all kind of falling into place. it's one thing to haha a plan. i don't think investors necessarily want to invest in a plan but when you see it being executed in a systematic way, that's why i think you see more

into stock. >> as the world leaders convened in paris over a imate change actually my kids were asking me, dad, what company is most in position to actually benefit? this is all they care about, jeff. you have kids, we know that's the future. and ge is the company that is involved with trying to stop ban climate change. >> wve been working on this for b decade, a decade. long before ititas cool. we're investing in clean energy revenue growth in technologies. we he more than $25 billion of annual revevue that is really in clean tech, if you will, high-efficiency engines, wind turbines, energy efficiency. so we are as well placed from a diversity and technical depth standpoint as anybody in the world to be able to participate in the this clean energy future. the other thing i would say is

installed base but customers will have to upgrade these plans to make them cleaner and more robust for the long term so lolo there's a lot of ways to play this, from energy efficiency to upgrades to new technology. we can play all three. we can play every dimension of this game and we plan to do so. >> now you did make large bets in fossil fuels. oil has come down big. is it time to double down. is it time to think oil is is a good investment or do you say it's part of the pastiche, it can't hurt the company? >> the reason why we invest in oil and gagawasn't that we thoughghthe price would be $ $0 or there 100 or whatever it was. we could see the technical intensity of the industry growing. we thought the industry was largely undercompeted from a technology standpoint and we still believe that today. so we think the long term position we have in the oil and

fruit ovov the long term. jim, if i would have done this show ten years ago right after 9/11 people would be asking me about the aviation business. for the five years for from 2001 to 2006 the aviationonusiness unk in ge. now it's amazing, right? so we have the ability to play through these cycles ophortunistically in ways that oil and gas companies cat. so for the long term i still believe in this business but we really build our business around technical intensity, not trying predict exactly what the price of oil was going to be and i see this even more relevant with lower oil prices th i did when prices were is $100 plus. at $100, everybody looks smart. where we are right now you have to be able to compete to prosper and that's where we think we'll be. >> i've been thinking, also, the acquisition. when i go to alstom's site and what ge is saying about it, it@

of coal you would call alstom. if you wand to build infrastructure that didn't hurt the climate you would call alstom. what does this mean for earnings power, not just feel-good? >> i think it's hand in glove in terms of what we know how to do. we've got a progression of earnings over the next let's say two, three, fo five years that get it up. we're talking about five or six since next year, more the year after, more the year after. so we've got it built into the plan. what i would say, jim, is look, this is abououexecution and if the ge team executes the way i know we can we'll make lot of money for investors as we look at alstom going forward because it's complplentary technology, it's everything we know how to do and we feel great about our ability to execute. this is 100% in our control about execution.

synergy. we ought to be able to make a good return for investoro on a day like this. >> i want to finish on something. there's a great ad you guys are running. a guy comes, a lot of smart people, they say where do you work? he says i work in ge. this is about obviously the digital economy and i want everyone who's watching to understand where you've taken the company and how it's an internet industrial and what that means for earnings, for dividends and the future. >> jim, this is maybe one of the most important thing that your investors can think about. there's a lot of buzz words out there, the internet of things, industrial internet. here's what i would tell p pple watctcng the show. a locomotive today is a rolling data center. an aircraft engine is a flying data center. thisiss producing terabyteteof data everyday. this data can be used to give back to customers to drive fuel efficiency, better performance, better environmental performance.

and do it in our plants. so every investor of an industrial company ought to understand what their internet strategy is. for us it will mean more productivity and faster growth. we've been doing this for five years so i think we have a leadership position but jim, i i don't have to tell you, if you go back k years, trillions of dollars of wealth have been created in industrial internet stocks over the last 15 years. if you look out ten or 15 years, there will be trillions of dollars of wealth created in the industrial internet and we're just in the first inning and i want ge to get its fair share of that. so maybe we think of ourselves or people think of ourselves as an old industry company. those days are over. we think this is a place we can play and we're participating in multiple ways. so investors don't have to understand everything about it but ask questions about it but for us higher margins, faster growth, participate from a value standpoint the way value is created on the consumer internet over the past five, ten, 15 years. we think this is possible for ge.

fact that it's the best-performing industrial until the world is certainly a testament to that. jeff immelt, chairman and ceo of ge. great to see you, sir, thank you so much. >> good to see you again, thank you. look, good yield, strong balance sheet, great long-term view. terrific ceo. ge. my kind of stock. "mad money" is back after this. i have asthma... ..ne of many pieces in my life. so when my asthma symptoms kept coming back on my long-term control medicine, i talked to my doctor and found a missing piece in my asthma treatment. once-daily breo prevents asthma symptoms. breo is for adults

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sometimes in industry you just get so hated that the stocks get so despised that wall street b bomes blind to anythihi positive that's happening and you know what you have to do? you have to break with the consensus. you have to go positive because the stocks in question are baking in the down side but none of the potential upside. tonight i'm going to make a very contrarian call and i'm going to recommend a vitamin retailing company, one of those nutritional supplement retailers that have been caught in the cross hairs of the regulators

two leading players in the space, gnc and vitamin shop are down more than 30% on the year representatively. wow. the vitamin group went into a tail spin starting around march when the newework attorney general announcecehe was forming a coalition to investigate the business practices of the herbal supplements industryausing gnc to plunge 9%, vitamin shoppe to fall 5% in a single e ssion. since then the drum beat of regulatory has gotten louder and the new york attorney general demanded they stop selling certain supplements. in october, ororon went after gnc with everything, knowingly selling products containing non-herbal synthetic ingredients not approved f sale in the united states. although gnc says these accusations are invalid. stock plunged 14% on that news and there's pervasive sense the regulators could crack down on these retailers at any moment

freefall. here's the thing, at a certain point these companies will have been punished enough. i think we've reached the point at least for gnc which i now consider the superior player in the space to start thinkin about accumulating the stock. why am i warming u uhere? to what looks like a fallen knife? first of all at a time when the broader retail landscape has become -- people will order fish oil or tylenol online, i'll order vitamins online but a lot of gnc's products are more complex. these are things you ingest and put into your body to fix an ailment or build muscle. you're not going to order gnc's proprietary prostateteills from amazon, you i'll probably going go to the store if you want to take their weight loss supplements hence why their loyalty program has 6.6 million

you have no idea what's in it or where it comes from, you might say it a test same when you buy in the the store but if there's one thing the recent regulatory uproar has s swn, companies like gnc can be held accountable if they're selling things they shouldn't. the fact is, only 6% of supplements are purchased over the e ternet and that's lower than any retail category i follow and gnc is beating the industry with its own online presence the company gets 9% of its sales from the web. above and beyond everything, gnc is more than just a retailer. this is what sets it apart from the likes of vitamin shoppe which at the end of the day is, eh, vitamin shoppe. gnc has it own brands and manufacturing facilities. the products they sell are mpany owned that means they have inherently higher margins than the competition. sure the whole industry has been

store sales have been in a rut, down for seven consecutive quarters. this is what's important. in the latest quarter they declined by .3%, that's a lot better than the weaknesses we've seen. so many other retailers we follow and gnc's management said going forward there's same store sales would trend into positive territory. last month the company raised its earnings guidance and that's a positive sign. why bother, right? why set the bar high? best of all, gnc is among the cheapest stocks in the retail sector. too cheap. not only does gnc have an excellent ceo in the form of michael archibald who took over in the summer of 2014 and is determined to turn this company around but it's got major r catalyst in front of it. we know 60% of gnc stores are company owned 40,% are

bizarrely, their franchises tend to generate higher operating margins for the business than their company-owned stores do. you almost never see that happen in retail and because of this fact gnc has decided to refranchise a vast number of its stores selling bundles of locations to franchisees for cash up front while retaining the yalty rights. this refranchising strategy should be rolling out in a major way over the next six to 12 months and it will bring in an enormous cash windfall just as we have seen with so many other franche companies we follot in the show where it's really worked big for the stock. and gnc seems to recognize how cheap the stock is. the company is using its cash to buy back shares hand over fist. between now ananthe end of the year, gnc is exited to repurchasing $200 million worth of it own stock, 8% of their market cap. next year they're likely to celerate that buyback, that refranchising money at around $300 million and that's another

repurchase. it's like they're gradually taking themselves private. let's not forgrg gnc plays a good 2.4% yield here. let me give you the bottom line. the nutritional supplement retailers are despised here. but hate blinds people to posititi developments. and right now i think gnc is so cheap with so much going for it that i would be a staged buyer here picking some up now and some on the way down as tax law season is upon us and headline risk remains very much in play for this incredibly beaten down $30 stock that traded at $51 just four months ago. how about we go to dennis in miehigan. dennis? >> callele hi, jim. they've been on the down side going from 65% to 49% currently, roughly 20%. its fundamentals seem finenewhat are your thoughts in particular

season? >> this is a great point. lululemon is down a lot. there was a lot of fast money in this one, dennis. there were people who thought they could make money on a takeover and when the takeover didn't appear these sellers ditched the stock. i think the stock will trade as low as $43. if it got to the mid-40s it's safe. remember, you're speculating. this is no nike and underarmor is actually a better stock even though i expect this quarter to be bad. need to enhance your portlio? i think gnc has gotten too cheap to igngne and will bulk up. on "mad money" tonight, the saudis, opec, oil and how they factor into the health of this market. still to come from calvin to tommy, millions get dressed with the brands of pvh each morning. after a rough start, with they finally strut ththr stuff on the wall street runwnw?

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d-50s all week. however, some apparel companies are doing better thahayou think. take pvh, the global clothing powerhouse behind calvin klein, tommy hilfiger. the company delivered a 19-cent earnings beat off of a $2.47 basis with higher-than-expected sales. those were good numbers. the guidance for the next quart is pre-mixed, higher-than-expected sales but weaker-than-expected earnings with the pain mostly coming from the strong dollar because the pvh's vast international business. the big take away is that these results were better than people fear. let's look at the chairman and ceo of pvh. here more about the quarter. mr. chirico, welcome back to "mad money." >> thank you. >> i don't know what to do. you have the terrible weather, the dollar, i have to look at the numbers and i say calvin klein up 7%. that's pretty fabulous but it's

tommy hilfiger up 4%. terrific numbers but you've got this whole thing with the currency that we can't get rid of and now you've gogothe weatatr. what is a retailer to do? what is an apparel guy like you to do? >> i think you hit the key numbers and looking how the business is performing overall. we are facing head winds. you talked about currency and that will be with us for 12 months as our hedges start to wind down ananwe have to be up against the volatility and the strengthening of the dollar. this is the apparel industry so part of what we deal with is fashion risk. part of what we deal with is the weather and what goes on. those are things that we are -- i'm 20 years in the business, we did a great job of managininin the third quarter and we'll get through in the the fourth quarter. the challenge in the fourth quarter is inventory, you've heard everybody talk about it,

so although we had this fantastic third quarter we just warrant confident to bring up the year at this point. given the macro environment i'm satisfied with the underlying business. >> you have to be. i don't know, when i lk at the quarter i think europe is better than the u.s. >> right now for sure. >> it is. >> the tommy accounts for 10% in europe. >> let's think about it. their federal reserve guy mario draghi, he's saying that things need to continue to ease and yet their economy is better for yours than us. >> there's a lot of variables in that but across the board, market by market f f our calvin

market we've had. following the paris tragedy that went on there was a lull in business for seven days and it seems like business has come back now post that. but we've had a -- we had a very strong third quarter and it's continuing into the fourth quarter. europe is very strong, we look across the woror. the rere of asia, hong kong,g, korea, under more pleasure. south america, the underlying business, latin america doing really well, dealing with the currency issues of brazil. the u.s. is -- it's probably our toughest market right now. >> isn't that something? all the years we've been together it's always the u.s. shines, now this is good it shows diversjfication oversea which is some question was dead right. i want to talk about china. a lot of people think china is doing better but that's steel, that's copper. the chinese consumer herself, she's spending more. >> she is. i think it depends where you sit in the market. if you sit at the luxury end of the market, you're struggling. >> the government doesn't want that. exactly. thereris pressure at these prices. where both calvin and tommy sit, we're at the premium point in

improvements in the base business and we've seen that business for calvin and tommy continue to grow for us and continue to perform for us. >> one of the points you point out, it's s t just the strong dollar translation but you mentioned domestically, tourists. >> when you're running two global powerhouse brands like calvin and tommy, what we over the last six or seven years as we've continued to invest, one area where we've outperford is domestically and international markets. w york, miami, l.a. with the -- at that time the weakening dollar really attracted an international consumer that is not c cing here the same degree. particularly south american consumer, brazil in particular which is a huge market. we had big business there. europe and china we don't see the tourism m had in the past and i think you see in a lot of

been speaking. they talk abououthe herald square store which is the largest department store in the world being under pressure because the international tourist isn't near the same degree. where's the mall in your thinking, manny? the stores you sell in malls. there's this death of mall theory that's going around. can you shoot it down? >> no, i can't completely. i think the issue that's going on, there are too many stores in america and i don't know if that's 10% or 15%. >> we're overstored? >> yes, we're overstored. but 85% of the business we're doing is brick and mortar and i don't know in three years ago that will become 80% but it will be a lion's share of the business. but there's no doubt that not only the fact that there are so many stores that there's a continuation of building new and stronger -- more stores and new

brick and mortar is under prsure and we just came through our november blala friday week and what we saw is brick and mortar was soft, okay, but our e-commerce direct to consumer business, both direct we operate andndhird party direct meaning macy's.com or some of our other key players, those businesses were thriving. so the consumer is moving. we have to move wiwi them. we continue to make those investments and i think there will be a period of time as you'll see a contraction in brick k d mortar stores overall but it will continue to be 75%, 80% of the volume done at retail. >> well, i'm wishing you a wea dollar and cold weather because i bet you the numbererwill be unbelievable until we've got this. thank you so much, chairman and ceo of pvh delivering a great quarter in a very tough environment. "mad money" is back. ruining them forever. protect your clothes from stretching, fading, and fuzz.

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it is time for the lightning round. are you ready? time for like ng round. les start with wayne in louisiana. it's wayne. >> caller: jim, nike. buy more, sell, or hold? >> i thought it would have been down on that conviction wngraded by goldman sachs. you should wait if you want to buy more but don't trade it. too good a stock. mark in wisconsin. mark? >> caller: jim, my stock is an lp. the namemef the company is cvr and ticker symbol is cvrr --

i notice they're not doing that well. thank you rbn, i donon need to be in refiners right now. how about minnesota. sager? >> caller: booh, jim. media's short term on tesla motors. >> cold stock. so there for it defies the four walls of the spreadsheet and certainly is beyond the can of my thinking if you l le the car and you want to go t tthe stock, that's fine. audi has a 2017 electric that people are saying good things about. anthony in new york. anthony? >> caller: booyah from long island, new york, jim: excellent. i was there this weekend. loved it. >> caller: good. just wanted your thoughts on nsol energy. >> this stock is creeping up, it has a lot of support among hedge funds and what i say is sell. you get the picture. let's go to mickey in florida. >> caller: jim, appreciate you

thank you, i love your show. >> i brought energy about a year and a half ago abter i saw you interview the ceo and i brought it around 7:00, i watched it go into the 80s but it's down into the 40s. what should i do? >> people have concerned tt these contracts ----iquefied natural gas will not be honored. i prefer the cqp but understand that as long as the oil comple is down people don't want anything do wiwi anything oil. that's the way it is. we'll take one more. wayne in massachusetts. wayne? >> caller: booyah, jim, from massachusetts. my son nico and i love your show. appreciate all you do for us. hey, i'm looking to add to my line position in sirius xm. buy, sell, or hold? >> i think a buy. it's a play on auto sales and auto sales are staying strong and i like that and i like the pats against the eagles this very weekend.

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every time we hear about opec gettingngogether -- as we will this friday -- we have dozens of stories about how the other members of the cartel will put pressure on the saudis into scalininback production which is running at an all time high of roughly 11 million barrels a day. the rest of the opec countries are feeling pain frou the collapse in the price of crude and it's destabilizing many governments. but saudi arabia's ministers are likely to be moved at all because they're thinking about market share and so far they

at least in the u.u. that's because in this country we've only begun to have our first few weeks where oil output hasn't increased year over year. that's right, if the saudis wantedo put a dent in u.s. production so far, they have failed. nene year? next year is different. next year the hedges come off for oil producers and that's when the issue hits home. i've heard people wonder about why the banks didn't deny credit to cash-strapped oil companies in our company. it's in part because the companies figured out ways to pump way more oil -- way, way lessssxpensively. their production costs are insanely low right now. beyond the that, though, many of the more responsible oil companies -- you can always tell which ones i'm talking about because their stocks trade above two bucks a share -- hedged their producucon, including prices before the big collapse so the banks had no reason to deny them credit and less than 5% of the credit lines were cut back. this coming year, though, accocoing to work done by y n,

oil, they show many oil companies are less hedge and at the prices they are hedged at, let's say it's much lower. e best ones are lucky to have locked in that price of 60 bucks a barrel for a partial portion of production. some of them aren't hedged at alal so 2016 will be theheear of the credit crunch in the oil industry if crude keeps plummeting like it did today losing $1.85. a saudis know about these hedging strategies. they know everything. they know if they can keep pumping that the pace for another year -- and they can because they're exporting newer cheaper ways to drill themselves -- all these hedges will go away and so will the credit lines. in short if they keep pumping at this pace the saudis can indeed crush the u.s. oil industry which has been their goal from the start. the chatter about how they might bend is the belief they may feel camaraderie with other opec members. be through's no camaraderie. the saudis don't want to make

practically their nemesis. they don't keir about nigeria or venezuela. did you see saudi arabia helping middle east? please. these opec states are about as buddy-buddy with each other as the members of the medellin cartel were, although they may ck pablo escobar's natural chchisma. while there are worries about saudi arabia's cash-strapped economy, the budget issue over there isn't all that pressing, they're not only swimming in oil,lthey're switching in fash resees. that's why at the end of the day i i pect the saudis to keep the oil down here in order to cut into u.s. drilling the 12 months from now. if the saudis do, then the hedges will come back on and producers will buy another year ofofig production. that that's the opposite of what the saudis want. why on earth would they allow it to happen? stick with cramer. red 97! set! red 97! did you say 97? yes. you know, that reminds me of geico's

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last time i talked about the

semiconductors and i think that's going to be gathering steam. sky y rks solutions looking good, but most importantly avgo really putting out an unbelievable number that is going to excite people and get people to be thinking about buying corvo and texas instruments, those can go higher, analog devices, cyprus semi can do well. these are part of one group people are feeling good about, including, by the way, xyling. there's always a bull market somewhere, i promise to find it just for you on "mad money."

tomorrow.