Sure it helped but we were roaring long before that, thanks in large part to efforts of two brilliant chief executive officers stocks were high dow and nasdaq and much comes to the performance of two stocks, cisco and walmart. Which pleasantly surprised us with their numbers these are both turnaround stories people nothing proves worth of a ceo like executing a turnaround. Doug mcmillon, took over three careers ago and led remarkable revolution at retail giant where 100 Million People shop each week, monster company. First thing he did, drop a bomb. Told us would spend as much as possible to take on amazon, seemed fanciful at the time but said do with service and better paid work force. Understood the weakness was keeping good people. Training new people is dead weight raised price they paid people. At the time viewed as heresy now seen as brilliant. Walmart still run with input of the walton family. They want to win phenomenal 50 online growth this company runs like walmart of old, the one i recommend when sam walton was running around in pickup truck conquering the retail universe. Im blown away by his work and still in the process of taking on amazon. Keep hearing that amazon is going to take the Grocery Store world by storm with whole foods. But walmart, half its sales are grocery, they have more than ten times as many locations as the new amazon and food business is currently in terrific shachlt best in a while. I cant tell you how unusual it is to see a large capitalization stock jumping 9. 79. Almost 11 in a single day when you consider how much time and thought and effort mcmillan put into the resurgence, just say congratulations for your visionary efforts. Other thing driving this rally, Technology Company cisco, long considered backbone of the internet but slowed to crawl a value play, with a ton of cash and large dividend appointed Chuck Robbins. The Senior Vice President of worldwide sales as new ceo immediately went all in on the cloud, offering better security systems. Analytics and brilliant and timely acquisitions. Last two quarters counseled patience caused a lot of selling. I think the stock stopped going down because yield about 4 and 70 billion cash word, much overseas and can benefit if senate can pass the tax reform bill thats similar to the one in the house because repatriated. Whether good for economy is debatable but would be for cisco. Reported a terrific quarter and predicted could grow revenues sooner than later. Possibly 3 increase shocked the street and caused reevaluation of the stock its growth stock again and getting credit for cloud deferred revenue, giving company much more highly valued service component. Pay more for service than hardware all the is pointing that way and payoff at hand including the security must be taking share and taking names. Become mustbuy for businesses soared in one day. Chuck will be the guest on squawk on the street to talk about his fabulous turn in fortunes reminiscent of couple of others. Steve easterbrook took over mcdonalds, written off as wayward fast food joint and two years later, guns blazing, offering allday breakfast, people thought played out, sell it wrong. He reenergized the franchisees they do the heavy lifting. People responsible for daytoday running of the stores astounding 4 same store sales growth this stock has been a horse. I dont know if youve been to one lately or walmart, i went last month, fantastic. Mcdonalds,still hottest coffee beautiful. Check it out caterpillar and boeing, theyve seen stocks advance 47 and 90 respectively would be remiss if i didnt mention their predecessors both put companies in position to reap the gains now that Global Economy kicked into high gear. Talk about ibm and ge, tested as we speak i believe ibm is on the cusp of a turn i believe this is the last weak revenue quarter. Will it lead to turn in the stock . Thats a different story why . Warren buffett, once ibms largest shareholder is dumping stock. But paid to wait for 4 and hopefully ceo completes reinvention of the company feels like cisco before this quarter. General electric, new Ceo John Flannery has work cut out for him. Didnt become obvious until company didnt fess up to how well it was doing in spite of reassurances from predecessor. If flannery can offload the oil and gas business i suggest breaks it up in pieces and sells other flotsam and jet sam, might have enough to split into three businesses i would. Thats what did at tycho and public more and more and doing gaud it at dow dupont. Jury is out. Stock down a penny on big rally, less than a dollar from lows jury is out because i dont think anybody at board knew how bad things were either i think youve got to figure out what went wrong. Needs to be fixed root and branch not unlike the l. A. Health Care Division not that long ago bottom line, successful term requires person at top to truly thank the companys culture and motivate the remaining work force. Can occur as these ceos showed us today find these lucrative and longterm, get in right and stay for the long haul. Ian in utah. Booyah team up in there doing a great job. Brilliant caller my question today, with the popularity of tesla and even introducing now socalled mac truck, and volvo going all electric cars by 2020, batteries are big thing, time to take a more serious look. Looking to make a play on cobalt and looking into fcx. Tell to you truth its too china, has the division you want kathryn. New jersey. Caller long time follower before mad money days. Always like watching all your shows. Fantastic how can i help caller opinion on the Senate Tax Proposal to spors investors to sell older shares first in taxable accounts and affect the stock inflating around it. I saw this, couldnt they just leave it alone . Will impact its just a real incentive to just buy and hold thats what weve been emphasizing. We trade around a core position for action alerts but yeah you have to do more buying and holing than ever, providing buy and homework, not buy and hold mike in georgia. Caller booyah from atlanta, ga. I like the fkz, Chuck RobbinsFavorite Team got to be excited about the win. How can i help talk to you about church and dwight appear to have outstanding portfolio of the kinds of things people need, baking soda, laundry detergent, carpet and room deodorizer and trojan condoms and First Response pregnancy kits and recently purchased water picks. Why is the stock going down you need every one of those even if economies slum. People why it wh its slow but now its fast and we want cyclicals and companies who do better in worldwide synchronized growth thats not Church Dwight its consistent but want stocks inconsistently strong right now. Top dog matters. When they turn around a company. Doug mcmillon, and can the company put a fresh coat of green in your port groel . And by the way in the electric car business weve seen some executives made bad decisions but those who create value getting less air time im going to change that highlight executive who has done tremendous job talk to ceo of company with app to make lives of people with diabetes easier. Stick with cramer. Announcer dont miss a second of mad money, follow jimcramer on twitter have a question . Tweet cramer, hashtag madtweets send an email to madmoney cnbc. Com or give us a call at 1800743cnbc miss something . Head to madmoney. Cnbc. Com. For your heart. Your joints. Or your digestion. So why wouldnt you take something for the most important part of you. Your brain. With an ingredient originally found in jellyfish, prevagen is now the number one selling brain Health Supplement in drug stores nationwide. Prevagen. The name to remember. Is now a good time to refinance . Yes Mortgage Rates are historically low. The time to refinance your home is right now. Get started at lendingtree. Com. The only place you can compare up to five real offers, side by side, for free. Our average customer can significantly lower their monthly bills. Quick. Beat the feds next rate hike. Do not miss this window. Are you sure you have the best rate . It only takes 3 minutes to find out. Go to lendingtree. Com right now. You know the cyclicals, companies that do better when business is booming, totally on fire thanks to tremendous global synchronized expansion goes to company that makes paints and coatings. Up 20 over course of year, ppg. Focusing on paints and coatings where the money is even with the hurricanes shutting down chemical plants, business remains strong. Month ago, robust quarter. Heightened earnings and sales, strength in performance coating. Can it keep climbing closer look with michael mcgary. Welcome back to mad money. Its great to be on when i read through your notes, one thing that struck me, people dont realize paints arent all the same. Technology involved. Include the waterbased paints china, said environmental rules are making it so ppg could take share. Absolutely, jim, were ski excited. Theres supply disruption but its good for us more and more people shifting from solventbased to waterbased and helping us grow share and helping the environment. Good for all of us. Good for china, europe is environmentally concerned, must be doing well there. Issues in europe but that product. Our overall refinish business, when you get in accident repaint the car, its up in all segments driven by technology, help body shops repair carsfaster, color match faster and better. Increased business for us. Converted more shops from solventbased to waterbased than the whole industry combined, china, europe and u. S. Refinish is driven by miles, driven as well as congestion, congestion is driven by employment for us been a very Good Business we also are helped by distracted driving, its not good for people but good for our business. Interesting that you related that unemployment to congestion equals collision, as that goes up, sadly for the people obviously in the collision, its great business for you speaking of cars something came out today just dont want to make you into a electric car play, because people say i dont want to buy tesla, buy ppg but you formed unique partnership with sine owed systems for Vehicle Technology tell us about this and how it could be a needle move. Were working with all the battery companies. Without getting into particular customers, theres more coatings on a battery than on a car what they try to do is insulate battery from the rest of the car, cooling perspective, also for prevention of thermal events or fires we provide those solutions we sell equipment for those solutions as well. Working with all the electric Car Companies in u. S. And china. This has been strong business. Many years away but when it comes, were on the forefront. Here the Car Companies saying whole line will be electric by 2021, should be thanking ppg. Were number one supplier in u. S. , europe or china. We work in china with all the global oems and local companies. Number one share with both were going to be wellpositioned, regardless of who is winning, electric or hybrids or traditional gaspowered. One last area of inquiry, i know the ppg under you have been unbelievable stewards of capital, least levered ive seen in long time tried acquisition in europe that didnt work out but do have a lot of firepower, what is going to happen . Big buyback or some of all hopefully some of all announced 2017 and 2018 cash deployment target of 3. 5 billion, originally 2. 5 to 3. 5 we upped it. Were a serial acquirer of companies, were good at it. Cant find companies at fair price, then well buy back stock. So far little bit over 700 million in cash deployment lot of dry firepower and sitting on cash. Were underlevered in some peoples opinion but well spend wisely always looking at what is best for shareholders and will continue to be active in acquisition but has to be fair price. Thanks so much to michael mcgarry. One of the cheaper companies that does better when the economy does west point develops leaders. How do you you do something bigger than yourself live on the intrepid more halftime report. Veterans have given this country so much, its our privilege to give Something Back you always pay your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. Lately theres been a lot of talk about terrible executives whove mismanaged once great franchises right into the ground but theres only so much to say about the catastrophe that is General Electric or decline and fall of sears holding. We prefer to take cue from Johnny Mercer and accentuate the positive flip side is also true as we said at top of the show. Great ceo can turn a company that may be mediocre into a powerhouse and stir up a tremendous amount of value in the process. For every value destroyer theres value adder. Tonight got a new name to add to the list talking about a man, a man named miles white, longtime chairman and ceo of abbott, formerly known as abbott labs ive neglected to talk about this fabulous man and work hes done on behalf of shareholders, thanks right now make shareholders a killing by totally transforming the company. Biggest move is spinoff of the pharmaceutical division into another company. Abbott today is 96 billion health care conglomerate with presence in medical devices, nutrition and generic drugs. Leader in blood screening diagnostics, drug eluding stints and Glucose Monitoring business taking on dex come for leadership discussing later in the show with dexcom ceo. Gets sales from outside the u. S. Great when the dollar is weak. And abbott created much value for you. How much white took the helm, stock trading 22 a share. Now its a 55 stock one part of the equation white spun off abvy, the Drug Division and if you held on to those shares, 94. In 2004, spun off hospital supply division, sold itself to pfizer for 17 billion another 9 share for abbott. Add all the different pieces up, 159 of value. Meaning if you bought abbott when white came in as ceo and held it along with abvy, youd have 623 gain single stock risk, see those ads . If you invested 1,000 in in abbott, now worth 7,230 doesnt seem a a lot of single stock risk to me its pure stock price appreciation and not including the dividends, not inconsiderable abvy is 3 thats amaze the s p is only up 125 over the same period. First built the Drug Division into a powerhouse. There was hand wringing they didnt have designer drugs when pfizer and merck were making millions abbott was considered also ran within four years white released this answer to criticism, wonder drug for autoimmune conditions that went on to treat these diseases, miracle drug its been one of the bestselling drugs on earth. Hume era is bestselling drug on earth by a wide margin and miles white found it ability to take humira and turn into blockbuster drug today, transformed abbott into a leader kind of story that Business Schools will write case stories about for years. Before i get tweets from people saying he didnt invent the drug, he did something almost as impressive, recognized the potential and bought it. Ainquiring the company in 2001 humira, more than 16 billion in sales last year, what a steal. And white has proven himself to be brilliant in the industry in 2004 abbott spun off hospital supply business. We liked and recommended that stock. Acquired a Diabetes Care company. Forced to sell abbott snapped it up. Took over kansas city, missouri pharmaceuticals, drug that rises good cholesterol levels. Sold so well, to this point the deal paid for itself 2007 General Electric tried to buy abbotts in vitro business, couldnt agree on a price. White is making deal, dwoent it without the right terms. Picked up eye surgery thing and that was health care, generic drug didnt like that one but made them one of the largest generic makers in india. After building the business into a powerhouse, white realized the division wasnt getting enough credit from wall street so spun off abvy in 2014, keeping medical devices, consumer drugs and assets abbv has tripled and acquired point of care Diagnostics Company but seemed to be issues to renegotiated the price down 5. 3 billion shelled out 25 billion in cash and stock for st. Jude medical do a lot of stuff for heart. Long one of our favorites on mad money. Savvy mover. Has a talent for considering future medical needs and Positioning Company to benefit from them. First the impact of humera cannot be overstated saw the nand for this fabulous drug but it made billions of dollars he could use to Fund Acquisitions pivoted from hospital products into Diabetes Care and sadly we know thats a growth story in this country spun off drug business to focus on medical devices, looks preskeent when you consider how hated pharmaceuticals are in this country put under microscope and not his problem any more and generic segment of his has been growing miles white is amazing value creator and he knows it. When abbott says stock experienced a period of underperformance last year, white used weakness to do aggressive insider buying. 46 million of stock in the open market in low 40s. Now abbotts at 55, hes up 14 million. Good management is key to success in any industry. Cisco, walmart, abbott needs to be celebrated miles white has done amazing job for his shareholders next time you see him do insider buying, i suggest you pick up stock right along with him mark in missouri. Caller booyah, how are you . Well. Caller cor, hammered yesterday due to bad drug trials is my understanding. Hammered too much . Good time to buy no. When you lose your principal drug lot of bad things happen. No gilbert in california. Caller booyah mr. Cramer. Doing well. How are you . Caller sunny san diego, cant complain opinion on mckesson. Its trying to bottom but dont have the Gross Margins prefer to see you in abt cant tell you enough, management matters and miles white from abbott labz may be one of the biggest value creators, never celebrated on mad money. Thats on me my bad more ahead, company competing with abbott in diabetes and new chip maker nothing to do with me renaming my dog after his company why nvidias head honcho is killing in and tonights edition of the lightning round. Stick with cramer. [lance] monica, it is absolute chaos out here gale force winds, accumulations up to 8 inches. Dont know if you can hear me, but [monica] whats he doing . [lance] can we get a shot of this cold front, right here. Winter has arrived. Whooo hahaha [vo] progress is an unstoppable force. Brace yourself for the season of audi sales event. Audi will cover your first months lease payment on select models during the season of audi sales event. We are the driven. The dedicated. The overachievers. We know our best investment is in ourselves. We dont take no for an answer. We fight for what we want. Even for the things that were once a given. Going to college. Buying a home. And not being in debt for it for the rest of our lives. But were only as strong as our community. Who inspires and pushes us to go further than we could ever go alone. Sofi. Get there sooner. Look, when youre running a business, absolutely nothing is worse than competition when a competitor comes out with new product that some people think outstrips you in crucial way, you get a situation like what happened to dexcom, the maker of continuous Glucose Monitoring systems for diabetics. Company we thought was terrific and still do abbott received approval for new monitoring that doesnt require you to prick your finger at all. Dexcom lost value and still i told you it would rally and it has. Thanks in part to Strong Quarter a couple of weeks ago. Said they could have a blood sugar monitor with no finger sticks by end of the year. Do we need to worry about the impact of the savvy abbott labs product . Mr. Saier, welcome back to mad money. When it came out, thought it was dramatic decline and way overton but theres a guy i remember when i was hedge fund manager, j. P. Morgan downgrading dexcom, not game over but cut price and be aggressive in advertising, he says we should be concerned. Should we . I think this is an opportunity when all is said and done our system offers features competitors dont. Connect to phones, share data with people who watch patients competing with libre in europe for years now. And International Growth is up 80 in Third Quarter not getting killed device offers many features that patients find important. This is what im talking about. Its not apples to apples. Idea they may charge less and doesnt have finger prick versus the ability of parents to see what is going on with their kids through the device, why would we sacrifice a feature like it . We dont believe patients will and patients in europe have not run to do that and in addition, one of the Hidden Assets of dexcom, is this investment in technology we think we can that that out by end of next year, but tlheres a Technology Pipeline with jets ready to take off. We think we have opportunity to get those out. Show us what the world is going to be like talking about end of next year, in your business, thats like tomorrow you want to be investing this quarter good good reason to hold on. Fabulous, best ever for us. By far. Show us your wares this is our current product today that patients use. Business is incredibly strong. Its gone very well its scary looking for patients but effective. Leads to good outcomes as we look at future pipeline, focus on three things, continued performance, increased patient coherence and convenience and cost single calibration a day we think can evolve to no calibration. Calibration meaning you have to stick. Once a day. First change the way sensor is inserted in skin peeling tape off bottom, hit a button, on your skin and doesnt feel it. Needle that inserts sensor under skin for time it takes humming bird to beat wings three times dont feel it. Much more convenient and even though elegant looking, costs less to make than that end game, we talked about our varly relationship. The science arm of alphabet we want to take the technology on the body and shrink it down to something see nickel comparison, do that and make more Cost Effective than now, we believe a great solution pipeline is robust. But miles white is running abbott and we profiled him as one of the great Wealth Creators of all time, if he comes in and talks about this and gets momentum going, dont we have to worry about two quarters from now with dexcom . Over the next two quarters patients will continue to use our products those who intensively manage diabetes and dependent on insulin, these have what they need more than abbott does apple watch the new watch has lte feature, can go straight to the cloud. In essence transmitter can Talk Straight to the watch. Features where patients share data with loved ones wont need go through the phone anymore put watch on and thats primary device. What does abbott have on the watch . Nothing. Thank you end it right there im just to me, i was with dexcom in this and people need to know, one is feature rich and other is bare bones. Very good kevin sayer, president and ceo of dexcom, abbott doesnt have apple watch mad money is back after break. Stay with me, mr. Parker. When a critical patient is far from the hospital, the hospital must come to the patient. Stay with me, mr. Parker. The at t network is helping First Responders connect with medical teams in near real time. Stay with me, mr. Parker. Saving time when it matters most. Stay with me, mrs. Parker. Thats the power of and. Duncan just protected his family with a 500,000 Life Insurance policy. How much do you think it cost him . 100 a month . 75 . 50 . Actually, duncan got his 500,000 for under 28 a month. Less than 1 a day his secret . Selectquote. In just minutes a selectquote agent will comparison shop nearly a dozen highly rated Life Insurance companies, and give you a choice of your five best rates. Duncans wife cassie got a 750,000 policy for under 21 per month. Give your family the security it needs, at a price you can afford. Since 1985, selectquote has saved over a million families millions of dollars on Life Insurance. Announcer lightning round is sponsored by Td Ameritrade it is time lightning round. Play this sound and lightning round is over. Are you ready skeedaddies tom in new jersey. Caller hi jim. Lafayette, new jersey. Thoughts on lowes reporting on tuesday . Opinion. Like lowes, love home depot. Thats the one i want you in nick in new york caller hi mr. Cramer thanks for taking my call. Happy thanksgiving same to you cant wait caller jim, ive been in house of pain for two years now. Stock is blackstone, what do you think . 5 yield, add it in, reinvest in dividend youre fine. Stick with it. Bob in new york. Caller greatly appreciate the call csu. Going down about 25, 30 since beginning of the year but now gone up 25 . Need your opinion. I got to tell you, Senior LivingCommunity Business is not 1 of my favorites, not going to recommend it here. Other than vent os, really dont just get it. Jeremy in North Carolina caller hey, big fan. Thanks for taking the call with all the hype around chips Cyprus Semiconductors . Its too cheap. 18 written all over it mike is south carolina. Caller im a young veterinarian starting out. Thanks for your help mrtx this is, remember i like all the targeted Oncology Companies but only specs no more than 5 of your portfolio. Ones that win go up big, loses, make you nothing adam in florida. Caller booyah from miami beach. Is it time to buy ocpko health its neighborhood pain until dr. Frost comes on, back away. We have to anu in wisconsin. Caller thanks for your passion, helping educate us and make us some money stock is symantec. I prefer proof point in there. Cisco is outgrowing everybody, clearly taking share conclusion of the lightning round. Announcer the lightning round is sponsored by Td Ameritrade you ever call your broker for help . Once, when volatility spiked. And . By the time they got me an answer, it was too late. Td ameritrades elite service team can handle your toughest questions right away with volatility, its all about your risk distribution. Good to know. Thanks, mike. We got your back kate. Does he do that all the time . Oh yeah, sometimes he pops out of the couch. Help from real traders. Only with Td Ameritrade. Your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. Sometimes the best person wins when i read today that fortune named jensen wong, ceo of nvidia, its business person of the year, i rejoiced this man is quite simply brilliant, and company he created is a gem, one of the Great Enterprises of our time. Read this article which gives background on wong and nvidia, including sense of it being like intel when it was run by legendary andy groh, one of the great ceos of our time created billions in market value. These days brian koouz an itch is reinventing it again. But andrew wongs stewardship, nvidia is driving force in growth areas like gaming, data center, Autonomous Vehicles sh hottest trends of our era, the numbers are remarkable more than double since last year automotive sales get stronger with Artificial Intelligence computer pegasus for driverless vehicles will be ten times more powerful than its predecessor gaming is gigantic and rapidly growing but and nvidia only ones in town and nvidias is best much more power from their chip than anothers with more footprint, you know how much that matters remarkable triple play not even talking about needing chips to mine bit coin i think nvidias chips are best. We own shares for charitable trust. Follow along our club. After scrutinizing wongs commentary the calls are brilliant. You got to read his calls. Glad i did stock has nearly doubled in 2017 thats just tip of the iceberg nvidias stock from 25 in february of last year to 211 today. Thanks to these dominant franchises why dominant wong saw major trends coming Artificial Intelligence, Machine Learning open these devices that talk to you, based on nvidias chips adobe thing we showed you last time, thats nvidia. Nintendo switch . Thats nvidia too. How has fortunes business person of the year been as predictor . Talking about cover curses, doesnt apply to this one. Mark zuckerberg was on there and year before that, alphabets larry page 2013 picked elon musk of tesla hate him, like him, stock has zoomed and 2012, only jeff bezos of amazon ive been facetious, half joking i renamed our rescue mutt everett nvidia he answers to it only if i have treat in hand im saying congratulations jensen, you deserve it visionary, created one of the most fantastic companies of the era, this story and your success are far from over. Congratulations and stick with cramer thankfully, the breakthrough in prevagen helps your brain and actually improves memory. The secret is an ingredient originally discovered. In jellyfish. In clinical trials, prevagen has been shown to improve shortterm memory. Prevagen. The name to remember. Lot of stocks moving up. Blowout quarters gap, spelunk, and fox, 21st century going up rumors of interest both from comcast and verizon. These are the kinds of things that keep the bull market alive. I told you i thought the stock prices were wrong. They were. Here on mad money, im jim cramer, ill see you tomorrow welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. If they hear a great idea, theyll invest their own money or fight each other for a deal. This is shark tank. Is jason lucash and Michael Szymczak with a creative new technology business. Im jason. And im mike, and our company is origaudio. We love to travel. Were total travel junkies and have been all over the world. And we also love music. And the great thing is, our company combines both