no, i said i'm talking about sorrento therapeutics.nd then of course what she said, we couldn't go to sorrento anyway we're not allowed to go to italy. but she didn't get it. sorrento was $8 and change it did nothing on the release. no reaction. so either the market was being very stupid or something, well, let's say someone knew something. maybe sorrento was being too promotional like turns out the market was just stupid nothing has happened today sorrento rallied 31% to just under 13 the stock market's supposed to be efficient but somehow it took wall street six days to process this news. if anyone ever says too you that the market's pricely instantly, you are now free to call those people naves, especially if they're professors at colleges on july 23rd, we learned that intel was having problems manufacturing their new seven nanometer transistor which is supposed to be the holy grail. everyone who followed the industry was shocked that this once great chip maker was struggling the perennial underdog is ready to go thanks to its partn

unless you're in sorrento. you know what dropped by sorrento was carusso listen today shows you why it's key to keep your money in a barbell on days of rotation, that's how i hurt my shoulder on days of rotation you'll be glad you did on "mad money" tonight is it game on as more people spend time at home, i'm talking to the ceo of gaming and the stock moving about nothing i'm telling you how it's impacting the bull and it's an under the radar 5 g player that held a spot on the cramer covid-19 list for sometime but could the downward action in sego after earnings signal a red flag or buying opportunity i have the ceo so stay with cram cramer. >> announcer: don't miss a second of "mad money." follow @jim cramer on twitter. send jim an email t to @madmoney@cnbc.com or call us at 1800-743-cnbc miss something head to madmoney.cnbc.com. what happens when a wireless carrier puts its customers in charge? well, the good news gets shared. and it gets rated #1 for customer satisfaction. but don't just take our word for it

now more bad news for sorrento, down 10% its cfo is out and they've hire add 38-year-old to come in as the company's chief financial officer. there you're seeing the stock moving on that news. >> interesting headline. guy daadami, we have a company whose stock is up over 400% in a year we're talking about best in class saliva covid test coming from this company. everything is firing on all cylinders and the cfo suddenly leaves and it doesn't sound like on his own accord. waiting for more details but that's a bizarre headline. >> waiting for more details is the operative. it seems like three or four days ago this was a $19 stock up from $2, i think, in early spring, maybe rightly so who's to say in this environment? off all those great head line-ups about tline-uheadlines about the test you just cited. it's not particularly encouraging. i don't think you buy it on the weakness it's hard to say what you do if you own the stock. just looking at it, you know, when a stock goes from 2 to 19 in 3 1/2 months and now it's basically cut in half from there, that's somewhat concerning. >> i'll gi

then the head oof another stock that has been on a terror, henry ji, ceo of sorrento therapeutics and it's a huge earnings news, disney, nikola and we'll speak with the ceo of ww right after the numbers hit. we have 58 minutes left of trade. mike san totoli is tracking act and phil lebeau. b mike, start us off with the broader market >> it is flat. we alternate the days between when the indices look better than the majority of stocks and days like today when the indices are doing nothing but holding near the highs take a look at the s&p 500 here we are on a year basis. you have the pop and turn pattern. you pop above the highs and then chops around right now we're above that june high 3350 or so would be a 50% rally off the closing low for from 23rd that is 19 weeks ago but we're just kind of churning around here. really only apple of the big five tech stocks is up to day. that is marginally so. the average stock is doing better here's an equal weighted of the russell 1,000. it looks a lot different than the s&p 500. that's that june high in the average stock. we're working our way to

whether you ride the bus or a taxi, the trip south from sorrento is one of the world's great road trips. you'll gain respect for the rsalian engineers who built the road and even more respect for the bus drivers who drive it. [ horn honks ] cantilevered hotels and villas cling to the vertical terrain, and beautiful, sandy coves tease from far below. notice how the mediterranean really twinkles. traffic is so heavy that private tour buses are ouly allowed to go sout. even so, because of the narrow roads and tight corners, expect some delays... -[ speaking italian ] steves: and enjoy the show. >> from tennessee state prison in nashville, tennessee... "a concert: behind prison walls," starring roy clark... linda ronstadt. and now from the gymsium of the tennessee state ison, "behind prison walls," our specl guest star -- johnny cash! [ cheers and applause ] [ "folsom prison blues" plays ] >> yeah! ♪ ♪ i hear the train a-comin' ♪ it's rollin' 'round the bend since i don't know when ♪hine ♪ i'm stuck ifolsom pson and time keeps dr

those shares off nearly 7% in the pre-market then, sorrento they are prapeut. those shares are down. potential for the saliva test for the pandemic still ahead for the show -- >> i want to put the whole notion for a v-shaped recovery on trial >> why jim cramer is taking issue with the stock market's new record breaking rebound from march lows we are back right after this ♪ i let it get away servicenow. the smarter way to workflow. you should be mad they gave this guy a promotion. you should be mad at forced camaraderie. and you should be mad at tech that makes things worse. but you're not mad, because you have e*trade, who's tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. don't get mad. get e*trade's simplified technical analysis. >> stocks looking to build not just the s&p looking at a record erasing all lows. and it is official, joe biden officially nominated as the democratic nomination. we are awaiting target's results. looking at if it is too big. it is wednesday, august 19 you are watc

rescue teams are searching for survivors and bodies after sorrento rains in northern afghanistan at least a 100 people are confirmed dead after flash floods in the country's par one province. time was of the essence for many families in power one province getting the injured to hospital was their highest priority vehicles are scarce and the few ambulances in high demand and desperation people carried loved ones and there are those able to get treatment for with worry about their families i cut through barbed wire to get to the roof of my neighbor's house i want to get my family on to the roof top as the water approach to save their lives but suddenly the floodwaters swept everything away 7 members of my family a missing. torrents of water and deborah rushed through the city of sharikov destroying homes burying people in the rubble many were asleep when the deluge struck. the more collapsed and water poured into the house i managed to rescue 7 members of my family but i couldn't save my mother. rescue teams are using heavy machinery to dig through the mud searching for bodies hoping agains

and sorrento will not score you a touchdown. on "mad money" tonight, join the coronavirus pandemic, cash is out and touch free payments are in i'm talking to the ceo of one of the greatest stocks of our lifetime, paypal, about how it's banking on the trend and more money, more problems. never been the case. but i'll break down the issues behind big dollar stocks and pandemic home remodeling is booming, so should you consider a maker of deck and patio products like azecs? i've got the ceo so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. you say the customers make their own rules. let's talk data. only xfinity mobile lets you switch up your wireless data whenever. i accept! 5g, everybody's talking about it. how do i get it? everyone gets 5g with our new data options at no extra cost. -that's good. next item: corner offices

. >>> can't really call it housekeeping but sorrento, we're concerned about the saliva test and witherk and elmer, how many days they take anyway it doesn't sound as special as we thought how about this oracle possible bid for tiktok i believe it's for real. the ceo is a genius and/ they need to grow faster even though my friend rick writes on the street that they won't know what to do with the company kohl's was a bad quarter and they have lost their reason for being. i like to say there is all a bull market somewhere and i promise to find it for you here on "mad money. i'm gajim cramer and i'll see y tomorrow you can call me the easter bunny. that's egg-cruciating. [excruciating] you can ride it to and from the train station. "i want to be the next scrub daddy." stop the madness. there's more madness! uh-oh. what are you sales? 20 bucks a month. 20 bucks a month? oh! big merchants are going to love this. that's crazy. you are going to get crushed. ♪ first into the tank is a business that hopes to be a popular holiday tradition. [ laughs ] ♪

>> well, you have to look at the sorrentos and the novavaxes of the world.ou have to watch disney which is a hybrid but if that starts going down, you'll start seeing money back in tech i don't think it's sustainable -- >> but it's an ugly rotation right now. >> it's a hideous rotation people at home have to recognize it's not like you own companies who are bad. you own companies whose stocks got up high. and people believe that next year is better than this year. whether it's the airlines. and the cruise, i thought it was amazing, royal caribbean yet, the cruise reservations are the same that they were typically. >> right >> at the same time, look, growth, david is right they always do come back to service now. >> and they always do come back to paypal. >> yes, they do. with salesforce on tonight, charity on, people come back to that >> right >> so don't give up, but don't get too confident, because you're going to have to recognize this is a caterpillar market, even though caterpillar had terrible ratings and it's not an adobe market even though adobe had

boom what that says is as much as sorrento is it we may be able to go into disney world and get the nfll took a little saliva test before that game we'd even see the redskins on the field. can't call them that any more. what do we call washington's team scott, what do we call them now? washington's team. >> we are the washington football team. jim cramer >> i'm sorry i mentionedthat other word i'm busy doing fantasy i'm sorry. i'm doing fantasy all weekend. >> beat your eagles in week one. you'll remember who they are after week one >> i apologize for mentioning it fantasy all weekend because it is time. >> the chiefs running back out of no where. >> yeah. right. the football team. all right. >> the washington football team. i apologize, but fantasy all the fantasy sites have not changed the name they have history. they all have history. it is fantasy time, guys come on. >> it might be the d.c. football team the way we're going right now. >> fedex team. how about fedex team i think we should call them fedex. i think fedex is going higher. union pacific team i call them fedex team >> i a

. >>> look at sorrento therapeutics. drug company. they fired their cfo. the stock down nearly 10%.body cocktail. cfo's gone. stock's down 10%. >>> facebook, tell me, ashley, they have problems with virus misinformation? ashley: yes, this was according to a report done over a year's period by an activist group that said that a lot of misinformation about health issues including covid-19. in fact, they say an estimated 3.8 billion views in the past year viewed bogus health information. they say that those health claims drew more traffic by a large margin than those from reputable sources. in april alone they say misleading health news generated nearly half a billion views. then they went on to attack facebook saying they are not doing enough to alert viewers that this information is very questionable at best, and they should be doing more to steer people to more reputable, you know, sources of information. facebook says no, you are ignoring the steps we have taken to do just that. but it is a problem. stuart: it is, and look at the stock. up nearly five bucks, $267 on facebook. i'm n