splendid holiday with an italian spin. >> and alexa, volume 12! 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 mak 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. is there room for both fang and fang to go higher after today, with the market ripping higher to still one more record close? dow gaining 89 points. s&p gaining 0.75% nasdaq up 0.89%. with the rally being led by tech

what do i mean by both fang and fang? suddenly there are two of them? where did that come from? okay. you know my original acronym for facebook, amazon, netflix and google, which is now alphabet. but what's the other fang? that's the growth oil stock, diamondback energy, which trades under the symbol fang. diamondback is rooted in the colossal permian basin formation, and the company is growing its production with a 30% clip. with the price of oil charging back u 4 russia is willing to freeze production, something that's integral to getting crude to go higher, this growth oil stock is about as exciting relative to the other natural resource plays as fang is to the rest of tech. the story of two fangs. let's back up a little, go over what's really driving this phase of the trump rally. in the first phase immediately upon trump's unlikely victory, we had a visceral rebound in the banks because whatever your political leanings, there's no denying that a hillary clinton win, which nearly everyone

that's not necessarily a criticism. being tough on the banks is a point of pride for most democratic politicians. but that means a democratic president and a democratic senate, perhaps with elizabeth warren heading up the powerful senate banking committee, would have been bad news for the bank stocks. in truth, hillary probably would have been about the same as obama when it comes to enforcing dodd/frank, the legislation that established all those onerous banking regulations. but that's not what happened. instead the banks got a while congress probably won't be able to repeal the law, trump can simply choose to enforce it lightly, which would allow the banks to make fortunes while returning much more capital to shareholders in the form of dividends and buybacks. no wonder they were the vanguard in the post-election rally. initially they screamed 14% higher. they're still making good headway. at the same time the industrial stocks ramped on a belief that trump's plan to spend $1

ignite economic growth. we're starting to hear this 4% number of gdp. that's put a huge bid under the industrials. it led to endless buying down even on downgrades. in other words, there's guys buying underneath when a stock gets downgraded. that's a new phase of this market, people. we also got a rally in the drug stocks for much the same reason as the banks. the democrats seemed hell bent on making the drug companies pay for various transgressions, so when hillary lost, it really changed the outlook here. judging from the statements coming out of the trump camp to date, i think the drug companies simply aren't on the agenda, which is why their stocks have been soaring. some of them like celgene act like they're about to get a takeover bid. there's nobody really that big other than pfizer. others like bristol-myers are being forgiven for missing key end points and important clinical trials while still others like biogen and eli lilly are being given the benefit of the doubt for their pipelines, both of which include possible alzheimer's cures, however hard

stocks. i read multiple obituaries of these great growth companies as money managers sold their stocks in order to raise money so they could buy the banks, the industrials, and the drug stocks. it was a robbing peter to pay paul scenario because no new money was coming into the market initially. but that was phase one of the trump rally. but guess what? phase two is back. phase two means that fang is back. it feels like this time there must be new money coming in to back up the move in phase two. let's take them one at a time. first there's facebook, which has acted like face plant on the canvas ever since it reported a few weeks ago, plummeting from 133 before the quarter down to 115 last week. then after the bell friday, the company announced a $6 billion buyback along with the resignation of its chief accounting officer. now, how negative were people on facebook on this news? i immediately went on social media, checked the damage. predictably, all i read was that facebook was out of ideas to grow, hence why they'd have the buyback and they did so

chief accounting officer's departure, no doubt motivated by the metrics scandal. now, this is the kind of perverse absurdity that has become table stakes in the battle against growth stocks. first facebook has so much money, it can afford to buy back all the stock it wants and still do all the r&d it wants. if the company thinks the stock is cheap on 2018 earnings, why not buy back stock? by the way, it is most certainly is cheap based on the growth rate. discount? that's what they're doing. second, the chief accounting officer is staying on until february to make for an orderly transition. that doesn't sound all that scandalous to me. finally the metrics scandal. four out of 200 metrics are being internally questioned. sure, when facebook reported, it did say that it wasn't going to junk up its sites with too many adds. however, the decline was incredibly severe, so severe that buyers flew in today to take advantage of the discount, sending the stock up nearly 5 bucks. it was a remarkable comeback that i don't think is over. my charitable trust, which you

actionalertsplus.com, has a substantial position in facebook. how about amazon? here's a stock that had fallen more than 15% from its highs. can you imagine? 15%. why? because it wants to invest more heavily in its business because it sees great opportunities. how can you not want to get in front of this stock before black friday when all we're going to hear when we come in monday is phenomenal numbers online as we always do. it makes too much sense not to buy. and that's how amazon stock tacked on nearly 20 points today. if you remember, netflix had a terrific quarter. the stock ran to 127 after that quarter, first selling off to 113. why? source of funds after the election. as i mentioned, remember fang was for sale. i still can't believe the stock is ten points below that high. others can't either, or it wouldn't have rallied 275 today. and it's not just because of "luke cage." man, is that show worth a binge. alphabet is selling for barely above a market multiple in this

how absurd is that? the same valuation as clorox? that's right, alphabet sells at the same valuation as clorox. it's much cheaper than colgate. its stock has eroded on, well, nothing. this one's a pure peter paying paul. money managers sell off so they can buy all the illinois tool works or bank of america they can ask for. today the stock rallied close to nine points, and that tells me maybe peter is finished paying paul, and the stock's got too cheap on the way down. another big charitable trust position. look, the growth stockll made sense when it seemed like there was no new money coming in. but we now have a host of sources showing that cash is flooding into the market. phase two of the trump rally. when that money comes in, it flows to stocks like fang and the much maligned apple. more on that later in the show. how about the other fang, diamondback energy? not only does it have unbelievable growth thanks to its terrific land holdings in the permian and its low costs, but it's also benefiting from something else, something all the oil stocks share.

while president obama talked about using all sources of energy, he's been very big on fighting climate change, which means he doesn't want fossil fuels to prosper. he's been very anti-pipeline. but trump is straight-up pro fossil fuels. he wants all these fossil fuel companies, even the coal miners to prosper. he wants to build more pipelines and drill as much as possible. while that's probably bad news for polar bears and also the atmosphere, it's great news for the oil stocks. plus there's the eternal belief that opec will find a way to get prices higher. again, i heard whispers all day it sent crude up almost two bucks to $48 and change. you can see why diamondback energy makes sense in this environment. in short, fang works, and so does fang. here's the bottom line. i'm not trying to be cute here. the truth is that today was a day of mutual coexistence where high tech growth and natural resources stocks both went higher without sending much else lower at all. that's proof of more money coming in like the old days, people, in the '90s.

call stocks. yep, the trump rally is still not over. it's just morphing into another form of bull. fred in mississippi, fred. >> caller: yes. hello, jim. >> fred. >> caller: thank you for calling. >> my pleasure. >> caller: jim, as you know, the news today is that slx, sunoco logistics, is buying etp, energy transfer partners. i would like to know what effect does this have on the risk l of the gathering of the two companies, the dividend, and what effect will it have with the other partner in ete, sunoco lp. >> okay. sunoco and energy transfer partners getting together is very bullish for ete, energy transfer equity, which yields 6.3. it's the one i feel better about after this merger. i know that seems odd, but that's the real winner. robert in arizona, robert.

>> well, that was a tough loss. but i'm a fan, and i leave my crying downstairs in the basement with the two dogs that watched the game with me after i threw the wife away because i couldn't take her giving me so much heat because i was so upset and when -- it was a loss. go ahead. >> caller: i got a question on an airline stock. as you know, they've been on fire the last couple of weeks. i got positions in jetblue and southwest. i was curious about your bit further, or is it -- >> i think southwest can go further than jetblue. jetblue broke through 20. that was a very significant level. southwest is still cheap, but i think gary kelly is doing a good job. but don't overlook united continental. oscar munoz. if that pulls back, it's a -- >> buy, buy, buy. >> all right. the trump rally continues and the secret lies behind the rise of fang and, yes, fang. with both tech and energy on the rise today, which is really an oddity, it's proof of more money

thing in, i don't know, 18 years. on "mad money" tonight, forget a tin grin. i'm eyeing a company that's taking a bite out of the braces market with a stock that could leave you smiling. don't miss my interview with the ceo of align technology. then finding winners in a retail space isn't child's play, but children's place makes it feel that way. i'm focusing on how the company was able to soar after its earnings report. and on friday, gold futures slipped to their lowest finish since february, but the commodity rebounded today. can it maintain its golden s? i'm talking with the ceo of my favorite, randgold resources, to find out. 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. miss something?

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>> announcer: these days, that perfect moment for a photo can come at any time. but the profits of the selfie generation don't all come from silicon valley. does align technology have a reason to smile about this

some stocks just don't know when to quit. take align technology, the medical device company that's best known for invisalign. that's the clear, removable dental braces that make it much less of an embarrassment to fix crooked teeth. they also sell a mobile scanning system that eliminates the need for your dentist to take impressions of your teeth. align stock has been on a huge tear, up 46% year-to-date. in late september, we brought the company's ceo, joe hogan, on the show for the first time now, over the next month stock pulled back dramatically, falling from 93 down to 84. that dip turned out to be a fabulous buying opportunity because two weeks ago, align reported a blowout quarter that sent the stock soaring. the company earned 63 cents a share. that's a gigantic 11-cent beat that represents 85% growth year-over-year. its sales came in higher than expected too, up 34% from last year. even better, align gave bullish guidance for the next quarter, and the stock has been on fire ever since, trading up to 96 today, aided in part by the

so can the company continue to outperform? let's take a closer look in person with joe hogan. he's the ceo of align technology. mr. hogan, welcome back to "mad money." >> great to see you. >> have a seat. >> thank you. >> all right. now, we did a segment after speaking to you where we said that we're in a selfie generation worldwide. worldwide. and it seems like the more we have high-resolution cameras, the more we take our pictures, the more we post them on instagram, snapchat, facebook, and we need you. how big is the total addressable market worldwide if everybody joined the selfie generation? you're 300 million, 400 million patients. it's really incredible when you think of it. just in north america alone is 100 million patients. >> what penetration do you have? >> 7%. >> how many people are still using the same old metal stuff? >> 93% of the market. >> how can that be? >> it's unbelievable, jim. >> i know that you had an ortho summit in las vegas. >> yeah. >> when you do something like that, are there orthodontists or

you have? >> these are orthodontists specifically. we have another forum for general practitioners. i think this was really an important forum that we had because we really went at them hard in the sense of new technology, the whole digital versus analog. it's not plastic versus metal. we had really great feedback that they see the future, and many of them think it's digital and it's align. >> why don't you show of some of the things you brought so people get a better idea of what you're talking about. >> right now we can do about 60% of the teeth straightening ic these are mainly for teen patients, and this would be another 20% of the marketplace. our teen utilization is about 4% right now. >> i don't get that because my daughter -- well, i guess my daughter must look at -- you have ads on facebook. you're all over the web, the sites that people are that need this. the selfie generation is looking at our ads. >> right. it's a big help. we help to generate that with lots of social media. so this is just quickly what you want to do in some cases, you want to move the lower jaw

today this is the technology that exists, is that you actually glue these metal brackets on. we'll come out with, in the next few months here, these. you click these on your teeth. when you close your jaw, it just moves your jaw forward and straighten your teeth at the same time. >> so you go to a dentist. >> or orthodontist. >> how do they make this mold? >> in this case, we would ship them to them. so we digitize the process. we print these. we print about 200,000 unique parts a day down in mexico, and we're the biggest 3-d printing company in the world. >> i did not know that. >> by far, yeah. >> do you use any particular kinds of machines? >> they're mainly photo polymer that we use to do that. >> you've got a lot of stuff in here about india. we think india is where apple is going to be in in aggressively. we were wondering whether india is ready for the selfie generation. >> i just got back from there, and they're there. we're going city by city, which you have to do in india, and we're recruiting about 50 to 60 orthodontists per city.

then brought our advertising campaign. >> missionary work that sounds like. why are you not in the dental schools? >> great question. we just haven't been there traditionally. when i was in india, i went to visit a dental school. we're putting the whole thing in place now. i had that experience at g.e. health care in having to do that and how it works. new york university is one of the first ones we had in the united states. >> that's the best. i used to go to just literally the students who were in the process but didn't have any money. you know, those are where the people -- the next generation. >> so you're getting into those places. >> we're doing that. we have a ten-module piece right now to help orthodontists and dentists through this whole thing. so it's a big focus for us. >> i thought it was interesting. you did this november 16 conference. jefferies health care. your fastest growing market is spain? >> yeah. >> how is that possible? i mean give me like demographically why is that the case? >> actually it was the way we actually went after the spanish market. >> tell me. maybe this is a template.

in spain and figure out exactly what orthodontists really want to work with invisalign, and we get them up the learning curve fast, like in 120 days. we just flood them with resources so they're comfortable with our product line. once we do that, a lot more customers go to it. then other orthodontists in that area that want to participate with invisalign will want to join in too. we did it city by city. it worked. we moved it to the uk. now we're moving it to the united states and also asia. it's a learning curve play for us, focused resources for a specific period of time. those of us who have gotten older and we had braces when we were 13, 15, how is that market of people whose teeth just spread out over time and we kind of gave up on us? >> huge, okay? >> it is? >> oh, it's huge. so many people that had the braces, your teeth are changing all throughout your life. >> i know. i'm trying to figure out what to do. >> just come back to us. in fact, i bet you have some lower crowding, jim. i can look at you right now. >> oh, no. i got a lot going on in there.

that's joe hogan, the president and ceo of align technology. you heard how little they have of the market. i can't believe that. they still give you the torture, and you pay a lot for it. "mad money" is back after the break. cathy's gotten used to the smell of lingering garbage in her kitchen yup, she's gone noseblind. she thinks it smells fine, but her guests smell this... sfx: ding, flies, meow (after cat lands) music starts febreze air effects heavy duty has up to... ...two times the odor-eliminating power to remove odors you've done noseblind to and try febreze small spaces... ...to continuously eliminate up to two times the odors for 30 days. febreze small spaces and air effects, two more ways [inhale + exhale mnemonic] to breathe happy.

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for ages now we've been hearing that the mall is dead. people just don't like to shop buy things online. isn't that the rap? they don't even like to leave the house much less work their way through a crowded shopping mall. naturally all the mall-based retailers were therefore doomed. they were going down, even if they didn't know, like the titanic right before it hit the iceberg. all shareholders, abandon ship. but a funny thing happened this past earnings season. while there are still plenty of stores in lousy shop, we heard from a bunch of mall-based retailers that are doing

remember, 90% of the people still like to shop at bricks and mortar. you know what was the best one? it wasn't target. that was good. the best one of the bunch, children's place, symbol plce. children's place. last thursday, children's place saw its stock rocket up 13% after the company reported what i can only describe as a magnificent quarter. it was a massive 28-cent earnings beat off a $2.01 basis. that's big, substantially higher than expected revenues. managemeve it was a classic beat and a classic raise. but in this extreme retail environment where some companies are doing extremely well even as others are doing terribly, it's important to understand what makes for a winning formula. so we're going to use this stock to explain it. ever since trump won the election, the retail cohort's been rallying in part because he's expected to cut taxes, which should bolster their sales, and in part because people may go out more now that this long national nightmare of

been climbing in spite of their not so hot numbers. i'm talking about like a kohl's, like a macy's. children's place is very different. they knocked the stuffing out of the quarter and they're doing amazingly well. but not too long ago, the stock was considered a total laggard if not a complete loser. so how did they turn this thing around? this is an amazing turn. first let me give you some background. children's place is the largest specialty apparel retailer for little kids in north america. if you don't have kids, you go right by it in the mall. the u.s. and canada, another 139 in locations overseas in 17 different countries. the thing that's remarkable about children's place is this stock spent years flat lining. it got clobbered during the great recession as did so many other retailers, tumbling from the mid-50s in 2007 down to 15 in the generational lows of 2009. but it bounced back along with the rest of the market. in 2010, children's place traded back up to the mid-50s. the problem is that's pretty much where it stayed with

from 2012 through most of 2015, it basically did nothing, which made it a huge laggard versus the rest of the market, which we know was very strong during that period. so in march of 2015, the shareholders finally took some action. specifically two activist hedge funds, madcellum advisors and barington capital, which together owned 2% of children's place, released a 62-page report that was critical of the company. they highlighted a bunch of problems. the company's gross margins were eroding because of excessive management, and an expansion plan they didn't care for. they also said ceo jane elfers was overpaid and called for the company to put itself up for sale. two months later, they managed to resolve the dispute by giving the activists two seats on the board of directors. at the time i was skeptical they could have any kind of impact. a suboptimal company doesn't become a great one overnight. and back then, it sure looked like children's place was suboptimal. since then, though, wow. this company has made a turnaround thanks to the

jane elfers, but also with the plotting of very smart activists who came together with some very good ideas. in fact, the stock is now up 84% for 2016, and i bet it continues to rally through the end of the year because money managers love to buy winners in december so they can show their investors how smart they are when they have to reveal their year-end holdings. we first saw some signs this turn was happening at children's place roughly a year ago. while the company posted a big revenue miss and an ugly 3% decline in same-store sales, there was some m p for example, elfers finally managed to get the company's inventory under control, down 4.4%, and that was thanks to better systems and better planning tools, which meant she could be less promotional with the merchandise. less slashing of prices. bigger gross margins. she worked with amazon to boost the company's sales through their platform and also improved the company's own website, resulting in a stronger e-commerce business. you know how much everybody wants that to happen. on top of that, children's place started signing international

investors believed elfers, and the stock hasn't looked back since. by the next time the company reported, it was march of this year. elfers was able to deliver a terrific top and bottom line beat with a major acceleration in same-store sales, up 6.7% and one of the best we follow here. she talked about many ongoing issues that were finally starting to pay dividends. for example, children's place had been improving its design talent for years, while also increasing the frequency of fashion deliveries to its stores so that the merchandise would be current. elfers has also been shutting down underperforming locations sinc13 the target is to close 200 of these subpar stores by 2017. that is crucial. there are way too many stores in all different retailers. she said the company has spent years modernizing their systems. you know until 2010, their technology hadn't been upgraded for two decades. the process is making them better at inventory management even as it's still ongoing. in response, the stock shot up from $70 to $76 in a single day. even better, children's place blew away the numbers again when they reported in may and then

suddenly this longtime laggard had become a serial outperformer, which is what makes the quarter they posted last week more impressive. elfers delivered yet another top and bottom line beat, and they raised their guidance again for the next quarter and the full year. that's how the stock went up 13% from $87.60 to $99.20. remember children's place had run dramatically going into the report. at this point everyone expects them to beat the numbers because they've developed a good track record. what made this so surprising? this reminds me of ulta when it 200s. all of the old initiatives kept paying off. the new inventory management technology, the relationship with amazon, the store closures, the international franchises. at the same time elfers said she saw a void when it comes to fashionable apparel for tweens. so children's place started offering larger sizes for slightly older kids about a year ago. that's continuing to happen. now they finished rolling this tween merchandise out, and it's been a huge hit. the company also relaunched its

commentary on the conference call, which was a beautiful call by the way. it's a tutor. it's a tutorial on how to do a call. elfers went through the litany of macro headwinds that other retailers have used as alibis for their performance. you know what i mean. weak consumer demand, record-setting warm weather, lousy traffic, reduction in tourism. then she said these are significant issues facing all retailers. however, the difference at children's place is that we developed a growth strategy several years ago that relies on our steady, strong, and focused execution of these initiatives has allowed children's place to deliver superior returns in spite of the negative macro issues, end quote. if children's place can triumph over a not so hot environment, just imagine what they could do if the economy actually accelerates thanks to trump's tax cuts and spending plans. plus even after this amazing move, the stock sells for just 18 times next year's earnings estimates. that's not too expensive for what's clearly a best-of-breed retailer. so let me give you the bottom

tough for retailers, children's place is on fire because they own the kids' apparel space in the mall. ceo jane elfers spent years working quietly on a bunch of initiatives to turn things around, and her efforts have started paying off lately. i think this turn is still in its infancy and i think this stock has more room to run. don't forget the activists did a good job here too. ideally you've got to wait for a pullback before you pull the trigger. but this is a changed and positive story. robert in my home state of new jersey, robert. thanksgiving, jim. >> same to you. >> caller: my stock is alibaba. made singles day there a success. now it's black friday in the united states, and as baba moves into every continent with its cloud computer technology, is there a trade war threatening, tariffs? buy, sell or hold? >> i mean the problem is as you just outlined it. think about what you just said

you outlined what i'm worried about. so if i go and recommend this and we do get a trade war, i will feel insanely negligent. so i think to stay away is not a bad call. the stock peaked in singles day before. it looks like it peaked again. billy in florida, billy. >> caller: hey, jim. booyah. >> booyah. >> caller: i have a couple questions regarding staples. office depot acquired office max continues to consolidate. recently staples attempted a merger with office depot, and the deal was struck down. do you believe staples can push the merger through with office depot with the trump administration? >> no i do not. i think they actually had an okay quarter, and they got a decent dividend yield, but it's not my cup of tea. i need growth, sir, when i want retail. and staples does not have growth. therefore, i am not on board even as i acknowledge that the stock is making a move here. let's go to steve in florida,

>> caller: whole foods market, jim. it's been stuck in the mud. what's it going to take to get this stock moving? >> walter robb is departing. chief executive officer. i thought he was doing a remarkable job. the supermarket space is very, very tough. i think the stock's put in a floor. i just don't know how high it can go. if you want supermarkets right now that are inexpensive, i have suggested when kroger got to 31, 32, that it's kroger that's the group. all right. children's place has staked out a prime location in the minds of consumers. i think the run in this stock is far from over. but, you know what? you do want to get a pullback. the stock was up so huge last week. much more "mad money" ahead. an upcoming interest rate hike all but certain. where could the price of gold be headed? i'm eyeing randgold resources to see if the stock can regain its luster. then it's the analysts in one corner and the rally in the other. i'll tell you which side can come up victorious. and all your calls rapid fire in tonight's edition of the

while the stock market has roared higher ever since donald trump's surprise victory, the price of gold has gotten slammed. maybe it should be moving in the other direction. trump wants huge tax cuts. that should cause two things. the government will need to borrow more money, and the economy will likely accelerate. what do those have in common? they both lead to inflation. when inflation picks up, people buy gold. when it comes to the gold business, my favorite miner is randgold resources. low production costs, proven ability to find the precious metal. they've got five mines across three african countries, ivory coast, and the democratic republic of congo. they reported earlier this month, and while the company misses wall street's estimates, they did well on the key metrics that really mattered. randgold's production increased by 7% versus the previous quarter, and their average cost per ounce declined by 9% over

all told, they're spending less money to produce more of the shiny stuff. plus management made clear the bullish outlook remains on track. randgold stock has been a real roller coaster. higher in the first half of the year. 74 as of today. gold prices have pulled back, but also the company had some short term problems that now seem to be behind them. can this stock make a comeback? let's check in with mark bristow, the ceo of randgold resources to get a better sense of his company's prospects. mr. bristow, welcome bto >> jim, how is it going? >> i got to tell you, rarely have i ever seen a stock diverge from the fundamentals. you've lowered costs. you've actually grown the business. is it frustrating for you to know that the actual net worth of your company is probably well in excess of what the market capitalization is? >> you know, jim, this is a long-term game. so, you know, it goes up and goes down.

inherent embedded value. so things happen. as you know, you've followed this stock for a while, and the market moves it around. but we're very clear what we're going to do. >> i think you're too modest. the stock went down 40 points while you blew away the numbers. particularly in the kabali mine. can you tell people about how you've been able to get so much more out of that mine than even three quarters ago? >> you know, we had a tough start for the quarter. last time we spoke, we had a plan. we sat down. we knew what we had done wrong, and we set to fix what we had done. you know, we had a really good quarter three. and quarter four is going to be even better, which is great. >> now, there's a great piece that jpmorgan put out because they went positive, and they were talking about brownfield optionality, underappreciated, a suite of internal projects that can be developed under the rate

that is underappreciated. i have not thought about the actual brownfield opportunities. i think about the mines that are currently in business. tell me about some of the hidden assets you've got. >> you know, jim, i think before i start with that, it's also worth noting that since we started, based on our original feasibility studies, we've delivered 15 million answers, and we've replaced all 15 million answers at the same grade, which is very different to what the market's done in the last 15, 20 years. on our brownfields. we've got this really exciting project in senegal. it's just about at a point where it passes our investment filters. as you know, we look for 20% internal rate of return and a minimum mineable amounts of gold of 3 million ounces. >> how were you able to reduce your total cash cost and at the same time put up the best growth of the miners that i've seen? >> you know, we focus on value,

profitability. we're the only gold miner that's never impaired. we've never cut our capital. we've never cut or expiration budget, and neither have we retrenched our workers because of a lower goal price. why? because we plan for the long term. >> it looks like there's going to be a bit of a pause in spending, which is going to allow the money to build up, which i know you like to be able to therefore, in a variable dividend environment, give us first quarter of 2017? >> absolutely. our plan, and we're on track to end the year with a half a billion dollars of net cash, no doubt. we've said once we get there, we'll look every year in arrears at what we need to continue to invest in our own future, keep the $500 million intact, and the rest we'll gift to shareholders. >> now, you were very abject about it.

targets. are all of those issues, which were knotty problems that every miner faces, are they behind us? >> every day there's another issue. it's just how effectively we manage it. we got behind ourselves in the first two quarters of this year. but it's been a 21-year voyage, and on balance we're way ahead of our game. >> now let me ask you because you have been very good at forecasting gold. is it not rather remarkable that frankly wants to spend more and cut taxes, which is historically inflationary no matter what. why isn't gold going higher? >> you know, the world is quite confused at the moment. you're talking about our stock price that went up to 100 pounds. that was because of the brexit and the panic around it. and, again, you know, no one expected the outcome of the american elections, and that has created a lot of confusion. and the market's trying to find

still this overhang on interest rate draws from the fed. there's a lot of things impacting gold at the moment. i've always said gold will be very volatile for the next two or three quarters. but ultimately the fundamentals are very strong for a rising gold price. >> last question. is there a price where the most -- the cheapest gold is in randgold stock, and you should just go buy the stock instead of mine? years, if you had bought randgold stock, you would be up significantly today. you know, we're by far the best performer in the gold space in the last 15 years, and we're the second performer of the top ten performers on the ftse 100. >> well, you've done a

stock go up and down when you're hitting the numbers big, but i congratulate you for delivering on your plan, catching up, and then passing it. mark bristow, ceo of randgold resources. great to see you, sir. >> thank you, jim. >> look, when gold goes out of favor, it doesn't matter what he does. but he totally delivered from the last time he came on, and it's getting better, not worse. i know this stock's been down. but if you want to have exposure to gold, there really is only one. it's randgold. "mad money" is back after the break. i'm dragging. yeah, that stuff only lasts a few hours. or, take mucinex. one pill fights congestion for 12 hours. no thank you very much, she's gonna stick with the short-term stuff. 12 hours? guess i won't be seeing you for a while. is that a bisque? i just lost my appetite. why take medicines that only last 4 hours, when just one mucinex lasts 12 hours? start the relief. ditch the misery.

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>> it is time! it is time for the lightning round! that's where i take your calls rapid fire. you tell me the stock.

[ 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." let's start with richard in washington, richard. >> caller: jim, i'm finally back to even on chevron. sell or hold? >> no, no. when you get back to even, it's not time to sell. you want to stay long or own chevron. how about we go to leon in new york, leon. >> caller: booyah, jim. how are you? >> all right. how about you? >> caller: i'm good, buddy. i'm good. glukos corporation, gkos. i bought it at $38, and i don't know what's going on. >> i think it's glaukos. it's a glaucoma company, and i think you're fine. but it's a spec, and the market does not like specs now because a lot of them have run already. let's go to pat in california, pat. >> caller: hi there, cramer. thank you so much for everything you do. you're great. >> thank you. >> caller: what i'm wondering about is aep, american electric

we've watched it go down, down, down, down, down. i think it's the right level to be able to buy a little more. we're debating pulling the trigger for action alerts plus, and we didn't get a chance to. but i think it's good right here, right now. john in pennsylvania, john. >> caller: hi, jim. this is a follow-up to a bottom call on trt and triton and the hanjin shipping crisis. given the recent upgrades, insider buying, and triton's ability to maintain its 45-cent quarterly dividend, is now the time to buy and hold? >> you know what, we're going to use triton as an example. triton because the yield is so great, it's giving me kind of a red flag thing. but i totally understand what you're talking about. i haven't made up my mind. i don't know the answer. james in tennessee, james. >> caller: hi, jim. >> james. >> caller: i'd like to hear about hcn and if you think the dividend will hold out on it. >> i don't trust that particular part of the real estate investment trust area. there's health care, senior housing. there's too much competition. i'm going to say let's not buy.

>> kevin in new york, kevin. >> caller: what's going on, jim? i'm calling about wendy's. >> you know i like wendy's. we've had them on twice. i think it can go higher. i like the situation. one more. sean in texas, sean. >> caller: good afternoon. i bought uri after the election. it went up about 96 points, 45 or something, and i bought it today. i was wondering wh >> i don't know. i mean the stock is up from the 60s. it's had quite a bit of a run. i can't countenance buying it here. i'd rather buy it under 90. and that, ladies and gentlemen, is the conclusion of the lightning round! [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade. teeth like an apple. it could be great on the outside not so great on the inside. her advice?

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what is going on here? the analysts keep fighting this rally tooth and nail. so many of them don't believe it, don't want it, and are betting it will end very quickly. for example, last week we got multiple downgrades of the bank

trump's surprise victory. the regional banks have been downgraded. the major banks have been downgraded. the analysts tell us they've gotten overvalued and are way ahead of themselves. but all they did was power higher. why not? despite their monster moves, the bank stocks are so far behind the rest of the market, it's almost laughable. bank of america, which has rallied from its 16.60 level -- that's the tangible book level -- to over 20 since the election is simply back to where it was in april 2010. the dow was at 10,625 back then. now it's at nearly 19,000. keycorp is only trading at half of where it was in 2007 before the great recession. i could easily argue it's a much better bank now. citigroup, which just boosted its monster buyback by $1.75 billion, giving it $12.2 billion in fire power to buy stock, isn't back where it was in july of 2015. yet since then, citi has cleaned up its balance sheet, boosted the earnings power, and gotten its tangible book value up to 64. that means that every dollar that citi spends on the stock down here at 55, admittedly up from 47 before the election, is

the company is supposed to earn $5.17 next year, but i think it can earn substantially more than that if it keeps buying back stock, especially if we get a couple rate hikes. it seems likely. how can these banks be ahead of themselves when they're nowhere near where they used to be even as we're facing an easing of regulation, rate hikes instead of rate cuts, and the possibility of ending expensive litigation and compliance costs that are pure negatives from a bottom line perspective? the group is not a sell. it's a buy. or how about this morning when illinois tool works and 3m from buy to hold. i totally get these stocks have had nice runs. illinois tool works traded as low as 79 in january of this year. it's now at 123. 3m, 171, up 30 points from its low. what are you supposed to do? when are you supposed to get back into these stocks if you sell them? 3m is up nearly 14% for the year. you want to buy it back when it's down seven, down ten? that's too cute by half. plus i don't want to rub it in anyone's face, but on january 22nd of 2016, goldman sachs downgraded caterpillar from a

it called an extended commodity infrastructure downturn. that was when the stock was in the 60s. the analysts used the price target of 51. today, cat's nearly up to 93 bucks. i'm calling it ill advised. finally, consider today's trashing of apple by oppenheimer. in a piece titled "the first crack," opco said it expects iphone sales to peak in fiscal year 2018 and that apple has nothing else to tap why? i quote. we believe apple lacks the courage to lead the next generation of innovation. instead it will become more reliant than ever on the phone. lacks courage? ooh. well, what will happen to apple? let's go back to the quote. we believe apple is about to embark on a decade-long malaise. the risks to the company have never been greater. end quote. all right. put it aside that the company might get as much as $40 per

repatriation of overseas cash. can we stipulate that apple stocks may be kind of cheap here, trading at 11 times that fated 2018 earnings projection? can we say that the company's service revenue stream from the tired old iphone business with more than a billion users could be gigantic, larger than a fortune 100 company? can we accept that apple's r&d budget will produce something new, different and better? they don't just shove the money into a fireplace. yes, i wanted apple to buy harman. no, i don't think its best days are behind it, though. we resolved that issue when the stock was at 93. now it's up at 111, up nicely today. i don't want to fight that tide of potential good news for apple or for any of these stocks. and no courage? it was like wizard of oz, this piece. at the end of the day, there's a big difference between expensive stocks and stocks that have run. these analysts don't seem to understand that distinction. i think they're making a big mistake. stick with cramer. i wanna see if it changed.

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i like to say there's always a bull market somewhere. i promise to try to find it just for you right here on "mad money." i'm jim cramer, and i will see you tomorrow! new developments overnight in a tragic school bus accident that's claimed half done lives while injuring many more. an ambush style killing of a lentless damage as time is running out at one of the remaining honlts in aleppo another starbucks price like to alert you to, here come the holiday, "early today" starts right now. good morning, everyone, i'm ayman mohyeldin. new details related to that