Transcripts For CNBC Mad Money 20240714

1. 13 . Wowza. They jeweled that nasdaq they reacting to a glut of ipos. On the investment publics back. I take no joy in this but i told you so all year i predicted the ipo cycle would end with a whimper and now its here. Busted deals like peloton. On the heels of smile direct and lyft and uber. Boo theyre booing, becoming the norm there is a big reason why it keeps getting hammered especially the turbocharged Growth Stocks. Did you see them today kind of to the point the president i hope follows through to block more chinese iphonipos no, no, aagh i dont chatter about limitations by the president causing the market to get hit because anything thats not flat out suggesting compromise indicates that were much furthe further away from a trade deal than the bull has hoped. As someone who wants the chinese to play fair, i think a ban on chinese ipos would be a blessing its not whats in the cards, i can tell turns out talk is really about limiting American Investment in chinese companies. And its not as sweeping or as negative as the market seems to believe. Look, the white house isnt happy with american Pension Plans especially federal Pension Plans having to add lots more chinese exposure which is whats recommended right now by an outfit called msci, the keeper of the international weightings. The administration doesnt want chinese listings that lack the same kind of transparency as American Companies and it would prefer investors not to buy the shares of companies with opaque financials that mal would no doubt like to me i think it would be simpler to ban new chinese ipos altogether but thats not in the cards despite the fact that you may have heard that this afternoon. Its just not true so candidly if you sold stocks on those rumors in retrospect isnerivel illadvised. A continued deluge of new american style deals next week when i look at the ipo calendar ahead of us, it makes me sick. I mean weve got five money losing bioteches on death knell. The money losing merchandise thats been pumped out of us lately dont you feel like that when youre in this ipo moment, youre like anndy dufresne goin through that pipe shawshank. I have a better movie imagery. What this is like Indiana Jones and the temple of doom when they reach in and pull your heart out. Kind of. All right, the clothes rack that is peloton was the straw that broke the ipo camels back we knew it had been closed for money losing companies but underwriters didnt seem to mind that may be changing only encouraging sign of this hideous moment was when an outfit called endeavor where my agent works pulled its ipo they got horse sense how and why did they do it simple unlike most of the junk that is being pumped out now endeavor actually makes a lot of money so they didnt need any of this stuff. They were hoping to use their stock as currency to buy other companies. When they saw the state of ipo market, to hell with it. They didnt want to be lumped in with the pelotons of the world the Company Brought in 500 million of earnings before interest, taxes and depreciation last year and dont have any urgent need to raise capital im glad they chose not to swim in the ipo canal which for the record was a very odd blue color the other day. Interesting. Blue but, you know, kind of blue like like a crayon like cerulean. From this point on you cant afford to own any of the newly minted money losing ipos because what youll do is lose money youll be living here. The house of pain an i know there may be potential for incredible growth but were in the wrong stage for the Business Cycle the only ones i want where raising money is a secondary concern. In most theyre desperate to do fundraising stay away from them. Can you imagine if we went public and discover lad we found out. Can you imagine . What a travesty. Government, would you at least try to protect us. With that in mind what can we expect next week on monday we hear from four industries and thats an rvmaker. There was a time when millennials loved camping and it looked like it had be a big winner but labor costs went up and the customer interest went down it stood at 161. Now at 49. I dont want to be too tough on manage not unique to thor an upside surprise, itll be in this quarter Interest Rates have gone down. For now though i think its too risky. Thor needs to deliver one quarter, please before you have my permission to circle back if its going to 60 and get it together you have plenty of time tuesday. One of my absolute favorite, mccormick. The spice and hot Sauce Company and this is the best by the way. This particular version. Its stock was hammered if it keeps falling monday, you know what, youll get a Good Opportunity to buy it. Its one of the few that has real growth. Next up, the market will will this market embrace highflying Growth Stocks again . The pendulum has swung too far right now were in the pit and need some sign posts to figure out when things are swung too far. Which brings me to stitch fix. Its the Online Subscription Service that sends the shipments of apparel and shoe, think of it as a service business. Stitch fix reports after the close tuesday and while its profitable the multiple is absurd of course, expensive valuations never seem to matter to the stock until june since then its been juuld going from 3218 despite there being no real negative news. Thats what happens when you go out of style watch how it behaves after the quarter. Could be crucial to give you a sign this craziness toward high growth is over how about wednesday morning . Then we get results from lennar. Its no wonder that lennar is up for the year shocker. Some of this stock gets hit on the quarter, after the close, well find out if bed bath and beyond can pull out of its extended multiyear tailspin. The active investors are now in control. Lucky. But this stock has been a nightmare for ages for anyone who has touched it except if youre target. Because theyve been a fabulous share donor to any target thats nearby that said bedinabox, bath looks like its sold out lets hear what they have to say before you pick it maybe what ill do use it for off the charts. Let me noodle. Thursday we get results from three terrific companies with stocks that have been performing well ever since the rotation to the safety plays got rolling over the summer. Im talking about pepsico, constellation brands, in the morning and costco after the close. I think pepsico is exactly what works in this dicey environment. Im looking for 5 organic growth and recognition that im sorry ive been drinking so much diet mountain dew lately constellation may help us understand its cannabis strategy not to mention, please have something to say about spiked seltzer, the hottest part of the Alcohol Market i downed a couple thinking they were club soda wow. I was flying all right, how about costco . This stock has been up for ages which is why it is the one to watch, walmart, amazon, target and home depot which will make an atf and give me nothing maybe thats not enough punishment one more leg down before its time to buy. Maybe down time and get to buy costco after it has come down. What a great pickup. Costco and pepsico are two antidotes to the market. Labor departments payroll report on friday employment has been strong, but now everyone i know is acting like the good times stopped rolling. I dont think thats the case. I expect another good number which may make it difficult for the fed to give us another rate cut. What would be best for the stock market we need a labor report thats not too hot, not too cold. That way the fed can cut because the data is terrible heres the bottom line i know its been rough but last week this market that was really overbought still and when youre overbought you tend to get hit with selloffs what i told you would happen is happening. Especially when were being flooded with shoddy ipo merchandise which by the way they should stick with Caveat Emptor these arent vacuum cleaners i think we need more downside but after waiting for the market to come down some segments are getting tempted but not the money losing clothes hanging pelotons of the bunch. Dimitri in new york. Caller yes, sir. How are you, mr. Cramer . Couldnt be better. Thank you for asking whats going on . Caller i just got to tell you i love your passion for the stock market more importantly, i love that you dont relay the obvious. This is a great company, algn, the ticker, doing well, its profitable what should i do here because the market reacted to a low guidance for q3 and im not sure why. Right just checking my new investment book since were also fixated. And i got to tell you i think align is dicey here. Smile direct doing so badly. Cut your losses. As mal said align technology is too high according to marxism and leninism sorry to break it to you we need more downside before we get positive is it time to consider pharmaceutical stocks that are from overseas . Im giving it my take then, booy man, my favorite foodsa hot stock . Im buying after arnings is the company leading high Prescription Drug choices. Its coming after you. Im talking to ceo about its foray into telemedicine and ready clinics like hospitals and stuff. Stay with cramer announcer dont 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 1800743cnbc miss something, head to madmoney. Cnbc. Com. This is apple card. A new kind of credit card. Created by apple, not a bank. With a better way to track where you spend. A new level of privacy and security. Daily cash you get back every day. And no fees. Not even hidden ones. Oh, and if you happen to be somewhere that doesnt accept apple pay yet, theres this. Nice. Tv aas many safety features powas the rx, the new. The lexus rx has met its match. If theyre talking about you. You must be doing something right. Experience the style, craftsmanship, and technology that have made the rx the leading luxury suv of all time. Lease the 2019 rx 350 for 399 a month for 36 months. Experience amazing at your lexus dealer. You should be mad at leaf blowers. [beep] you should be mad your neighbor always wants to hang out. And you should be mad your smart fridge is unnecessarily complicated. But youre not mad, because you have e trade which isnt complicated. Their tools make trading quicker and simpler. So you can take on the markets with confidence. Dont get mad. Get e trade and start trading today. Dont get mad. To the wait did frowe just winners. Prouders everyone uses their phone differently. Thats why Xfinity Mobile lets you design your own data. Now you can share it between lines. Mix with unlimited, and switch it up at anytime so you only pay for what you need. Its a different kind of Wireless Network designed to save you money. Save up to 400 a year on your wireless bill. Plus get 250 back when you buy a new samsung note. Click, call or visit a store today. For the last year most of the domestic pharma and biotech stock, you know what, have been dead money, right . Investors are paralyzed by fears of lawsuits. Oh, tell me about it the potential for new legislation that might crack down on drug pricing in fact, its been going on even longer than that over the past four years the whole group is measured by the ibb, ishare, nasdaq, etf and the invesco dynamics its been hammered biotech down 4 . Pharma down 19 . The s p 500 is up 53 over the same period. You know, i run a charitable trust, actions alert plus. Com and we try to be diverse every time we try to did pharma its been terrible what should you do completely abandon the drug stocks i mean like medical devicemakers are doing better no, no you dont need to give up on the whole complex. But you do need to get more selective and creative with these stocks for example, last friday i told you to keep an eye on abbvie because of their process of acquiring allergan s of up 3 thanks to the yougrade from citi and it was a good piece now another way that approach the group mulling over them and mulling over i dot to find a way to get people pharma exposure with less risk if the domestic drug stocks arent working how about this, how about the foreign drug stocks as it turns out many are performing a lot better than its domestic peers the three that jump out o. Astrazeneca, glass cosmithkline and novartis i think some of that might be because they have moderate u. S. Exposure than their counterparts medicare for all or price controls would hurt them a little less. Im not saying they have no exposure but im not saying they have more exposure its just a little bert. When it comes to these three, theyve each got something going for them right now that allows them to throw off the gravitational pull of the sector and allows them to rally lets start with astrazeneca i havent thought about it for years because it was such a dog. This is a big british pharma company. If youre worried about developments in the United States astrazeneca gets less than 33 of its sales from here. Thats lower than most American Drug companies and if Elizabeth Warren winds in a landslide allowing her to implement a Single Payer Health care system a lot are betting European Companies like this one astrazeneca will have more expertise at dealing with it than american rivals that might be a stretch. All the Big Pharma Companies are global operators Something Like them has less exposure to america and more experience navigating Health Care Systems earlier jpmorgan hosted a call with astrazenecas ceo it goes like this. Theyve had a bunch of positive Clinical Trial results that will allow them to launch potentially huge new products or expapd existing products into the new markets. You have to forgive me im about to go into the world of pharma mumbo jumbo. Theyve got targirs for nonsmall cell lung cancer and negotiating rates with china and in all goes well it could be lucrative china has horrendous numbers of people with this disease imfinzee its an antibody drug used for lung cancer and expecting label expansion. Right now its only approved for use after chemo and one for Ovarian Cancer that could work for prostate cancer. Its got farziga which helps patients with type 2 diabetes being studied for Heart Failure and Chronic Kidney Disease some lineup. Theyve got calquens a lymphoma treatment and recently received breakthrough therapy designation from the fda and other terrific data. On top of that astrazeneca has late stage pipelines like one for people with anemia caused by Chronic Kidney Disease or one for lupus and other antiimmune conditions sales for these incredible drugs ramp theyve gotten aggressive while keeping cots in line and management sees margins go higher after years those moves are finally paying off hence why the stock is up 19 year to date i think astrazeneca is a touch too expensive. Eight multiple now 22. 5 but 3. 1 dividend yield which makes the pill easier to swallow. I remember meeting with management years ago and they kept telling me they would have all these great cancer drugs but takes so long to develop them. Guess what, theyre here next glass cxosmithkline since we sat down with their ceo at the beginning of the year at the Jpmorgan Health care conference shes been divesting their commodity advertis commoditized businesses. They bought a biotech focus on cancer for appoint 1 billion and agreed to spin off their Consumer Products division and merge with pfizer. At the moment theyre stuck in a transition year as it works to complete the major deals or at least thats how it looked a few months ago then they reported better than expected quarter in late july. Dramatically raising its guidance and they have at least five highprofile drugs in phase three trials that could become blockbusters over the next few years. Put it all together and im even more bullish about glaxosmithkline than i was in january when i was blown away, holy cow, why am i overlooking it it has a lot going for it and with the stock selling for less than 14 times earnings im calling it a steal 4. 8 yield we talk about the club novartis, the gigantic swiss drugmaker with only 34 exposure to the american market. It is trying to transform itself under the leadership of its ceo, the company has shed its consumer businesses, even spinning off its overthecounter eye care business as we told you we liked and have been snapping up Smaller Companies pioneering new technologies like a gene therapy play they bought for nearly 9 billion. 8 sales growth and quarter earnings per share up 20 . Thanks to the strength in novartis psoriasis, Heart Failure and oncology franchises, on top of that they had big product launches coming up including a major Breast Cancer treatment. Now, there is one fly in the ointment i think holding the stock back last month the fda rebuked novartis for failing to disclose that their newly acquired avexis was manipulating data. They have denied all wrongdoing and fired anyone involved and it sures seem like this gene therapy is still very much on track to be approved but this was still an ugly headline while i dont like it its not a deal breaker for me. It might be for you. I trust them to do the right thing. You may not. I dont know we have to go with our guts. You can buy it at a discount and stock trading at 15 times earnings and we picked up some earlier this month for the trust and follow along if youre worried about the lawsuit, were follow it closing by joining the actions alert plus. Com club. Heres the bottom line if you want big pharma exposure with fewer headaches related to u. S. Politics buy a wellrun foreign drug company these are all three are terrific astrazeneca, glaxosmithkline and novart novartis all three buys stick with cramer. Plants capture co2. What if other kinds of plants captured it too . If these industrial plants had technology that captured carbon like trees we could help lower emissions. Carbon capture is Important Technology and experts agree. Thats why were working on ways to improve it. So plants. Can be a little more. Like plants. Through the at t network, edgetoedge intelligence gives you the power to see every corner of your growing business. From finding out whats selling best. To managing your fleet. To collaborating remotely with your teams. Giving you a nice big edge over your competition. Thats the power of edgetoedge intelligence. The amount of Student Loan Debt i have im embarrassed to even say i felt like i was going to spend my whole adult life paying this off thanks to sofi, i can see the light at the end of the tunnel as of 12pm today, i am debt free not owing anyone anything is the best feeling in the world, i cannot stop smiling about it how do you know when a company thats been struggling has finally gotten its groove back thats the question we need to ask about conagra brands, cag. Thats the big package foodmaker that you know as chef boyardee, hebrew national, behrtoli and a host of other brands they completed the acquisition of pinnacle foods. Big portfolio of frozen foods, especially vegetables but management slashed their forecast two months later explaining it was in worse shape than they thought. While they told us these problems were fixable they also explained that it might trach more time to iron things out thats really the last thing you want to hear two months after it closes on a major acquisition. Making this announcement last december when the whole market was melting down, lets just say that wasnt the best timing and as can you see, the stock got just obliterated very disappointing day i really liked these guys. Once 2019 rolled around they were able to rebound for 21 at the end of last year to 31 at its highs in april since then the stock stalled out. Even when many package food names got a new lease on life over the summer it kept trading sideways in a pretty tight range not doing anything much. The high 20s and low 30s range in part because the company delivered some disappointing numbers in june. Which brings us to yesterday morning. When the Company Reported again, oh, this time the pressure was on a lot of people were betting on a major letdown. Others thought conagra would finally get its act together and hit a home run you know what we got, a mixed quarter. It was better than feared. Allowing the stock to rally 3. 7 it wasnt a home run there was more good news than bad. I found the results very encouraging. And when you consider that conagra gave up most of yesterdays gains today you know what, that makes me think that we have a real opportunity next week because this number was better than people realized. Now, ive been a fan of conagra for awhile now even though the stock hasnt worked out as an investment, at least not since the pinnacle deal for example, in april the company held a bullish investor day where they had longterm targets forecast casting a nice uptick in 2020 to 2022 and significant Margin Expansion you always want to see that. They cant grow like a tech company. On april 15th, we spoke to sean conley, conagras ceo and he told a pretty darned good story. We had a great portfolio. Weve got the right people, the right culture, the right processes and the right capabilities to continue growth and continue expanding our margins. We have built significant innovation capability over the last four years. You can see a lot here and its really exciting. As for the problems of pin ya cal he ainsured us they were turning things around unleashing a deluge of innovation to turn all those frozen food brands around but then they reported the numbers were disappointing to say the least. On top of that management trimmed their longterm earnings forecast, 2 Cents Per Share so even though the actual guidance was encouraging wall streets response was negative. Once again, the darn thing, it fell 12 in a single day while it bounced back from its selloff quickly thanks to rotation of soft goods stocks, think it would have rally better what was their explanation they said theyd seen strong trends in frozen foods and snacks in other words, their plan was working. Boy, did these millennials love the frozen foods just incredible. Conagra has a good handle on that but as connelly explained much of our progress was overshadowed by tran sitory events and weak performance in our arden mills joint venture. Now, if his assessment was right wed see evidence in the next quarter and saw that in the quarter that was just reported again, though, mixed bag when its a mixed bag i wont fool around. Its a bag but its a mix bag. On the one hand the revenue number was just plain disappointing coming in at 2. 39 billion wall street was looking for 2. 48 billion so that was a shortfall. Organic sales down 1. 7 year over year. Not good while refrigerated and frozen foods were strong grocery and snacks took a big hit thanks to tough competition for hunts and chef boyardee. Meanwhile conagras Food Service International down about 3 . I got to be honest, those were ugly numbers but thankfully theres better news once you head further down the income statement. Conagra earned 43 cents a share when wall street was only looking for 38 cents operating incomeebita and net income all better than expected so even though they were weaker than expected earnings were fantastic. How did they pull that off sean was telling the truth when he said he had the problems well in hand. It turns out theyre ahead of schedule when it comes to sipper byes from the pinnacle deal. Everything that seemed to go off the rails is back on track and could deliver a terrific earnings beat because they took the biggest worry off the table. Finally making the acquisition work and paying off in a major way. If you look at their approach i think its encouraging as he explained theyre shooting for value over volume. Meaning that not all sales are created equal. Some are a lot more equal than others that means eliminating weaker product lines to focus on newer ones with more potential this is how they turned itself around a few years ago before pinnacle and connelly says theyre seeing the same pattern at the legacy Pinnacle Business. This is what he knows what to do while they have fewer products and less shelf space, they do fly off the shelves. Wow. That is some powerful popcorn. This is an approach that worked again and it will it worked before it will work ooh, im sorry three key brands for pinnacle with wishbone dressings, birds eye frozen foods, whatever and duncan heinz i criticized them and said no one has made a duncan hines cake since my mom in 1963 he says its back. Connelly predicts it will improve substantially in the second half of the fiscal year, starting one quarter from now. Despite the revenue shortfall there was a lot to like plus it didnt hurt that it changed guidance through 2022. Management believes shortfall was temporary and they can turn things around over the next few quarters im a buyer. The pods from this quarter were more important than the negatives. When you consider it sells for 13 times earnings that seems cheap to me and have this is a brand i use all over the place. 2. 8 yield i think its worth buying especially after todays pullback soy heres the bottom line, okay when is a mixed quarter not a mixed quarter, when the company in question takes the biggest worry off the table and delivers major progress on the most important part of the story. Thats what conagra did yesterday. The comeback on their Pinnacle Business is reminding what dollar tree did earlier this year i bet conagra can deliver the same kind of turnaround. These guys are too seasoned to not get it right yeah, man, they got powerful popcorn. Jordan in south dakota, jordan caller hey, jim, thanks for taking my call. Of course caller im looking to buy Archer Daniels midland im looking at them because they have a good dividend yeah. Caller i wonder if you think since they dont have pricing power, that this could compress their margins. I think they dont have that, right. The margins will be under pressure and i think the company has been a serial underperformer for many years and i am just not, you know, look, do they have decent dividend, 3. 4. I can get that from a lot of Food Companies id rather own conagra even though they do have some of their popcorn feels like a brick. Brian in texas brian. Caller booyah, jim. Booyah, brian. Caller wanted to get your thoughts on brinker. Eat as a staple dividend stock and how it stacked up to its casual dining peers. Casual dining peers are now that darden had a quarter that was considered to be subpar i think thats come down in price to be a Better Bargain better growth in Brinker Brinker is fine. Last quarter wasnt that bad but do prefer darden now that the stock has come down. Okay, the pressure was on conagra this last quarter. You know what, i think its getting its groove back. Much more mad money ahead. Good rx is becoming more than a coupon site. How its changing how you visit the clinic edge in investing, im buying the odds on favorite to start a new position in the dow and all your calls, rapidfire in tonights edition of the lightning round. Stick with cramer. It was sophies big day. By the way, shes the next mozart. As usual we were behind schedule. But sophies enthusiasm cannot be dampened. Not even by a runaway donut. We powered through it in our toyota prius. Because a stars got to shine, no matter what. Its unbelievable what you can do in the prius. Toyota lets go places. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. In the human brain, billions of nefor people with parkinsons, some neurons change their tune, causing uncontrollable tremors. Now, abbott technology can target those exact neurons. Restoring control and harmony, once thought to belost forever. The most personal technology is technology with the power to change your life. You know earlier tonight i talked about how drug pricing issues has been weighing on u. S. Based Pharma Companies but obviously this is only become a problem because many drugs are simply too darned expensive. Politicians talk about this issue right now there are Real Companies that are trying to solve it or at least do harm reduction. Take good rx, the company thats number six on cnbcs disrupter 50 list, they do something brilliant and simple it lets you compare, shop medication as it turns out theres enormous variation on what pharmacies charge and they can help you find the best deals. They launched a new Service Called good rx care that does the same thing for medical services one of the biggest problems with health care is theres no transparency which allows hospitals to price gouge you good rx is trying to solve it. Lets talk to the cofounder and coceo of good rx to learn more about the new service and what it means welcome back to mad money. Thanks for having me again, jim. So, doug, lets say i go to a hospital, i would like the system to not be ripped off. I dont want to be ripped off but if im blind to it why do i need this service because i dont feel the pain. Yeah, you know, one of the Amazing Things about American Health care these days there are often huge gaps in care. There could be up to a 30day wait time for someone to get to the doctor and oftentimes in the night or weekend youre looking for basic medical services one thing we heard from users is they just wish they could get to a doctor at an affordable and convenient way and why wanted to poi a service that was easy to use so that anyone could use it with or without insurance. Tell you within my neighborhood in brooklyn after the big hospital closed because the usual money considerations, ive got we just literally counted them ten ready clinics and every one charges a different price. Would i be helped by good rx to find out which guy is the best guy because the variations are extraordinary. Yeah, i mean, you hit the nail on the head we are a marketplace and with good rx care we are a marketplace of prices for medical care and offering it through good rx as well and have more than a dozen conditions that are 20 bucks and should be a price anyone could afford and provide discounts so a consumer can get low cost generic medications. Why isnt everybody doing this you know, theres lots of folks looking at various forms of telemedicine whether it be video telemedicine or elective things we wanted to hit basic services all americans need we wanted to be able to come up with a product that was so easy for a consumer to use, if you have two jobs or you have kids and just cant get out to the doctors appointment or cant wait 30 days in a waiting room we wanted to just have an easy solution that anyone could use to get quick care of the most pressing things that affect millions and millions of americans so they can stay healthy and out of the hospital. What do i do . Download an app and prints out a coupon that is the process . I want everyone to do this after this interview its really easy. Go to good rx well show you all the services we have, just 20 and we also have an app, good rx has an app and hey doctor has an app. If you go to good rx care, you can very easily find all these services and within a very short period of time have a visit from a Board Certified physician and if a prescription is necessary well literally send you a prescription to a pharmacy near you. Im so pro you candidly, in 2017 i spent 5,000 getting a particular drug that was actually should have been much less but thats what it cost i used you in 2018 and i looked at my bill before i came in and i paid 1200 the only difference was i used good rx which is why i said i cant believe others dont i frankly didnt believe it, doug i didnt believe you could do it it seems almost like its like fantasy land. How do you do it yeah, i mean sadly, you know, insurance is not what it used to be in this country even people with insurance are often paying way too much for their prescriptions. I saw a report the average American Family is paying 20,000. They and or their employer to get basic Health Care Coverage and deductibles and limitations on insurance so we basically went out to the pharmacies and said can we do better pharmacies dont want to charge an extraordinary amount but have limitations so they cant actually discount themselves as we talked about last time if you work with a pharmacy and use a service like good rx you can present coupons and get prices far lower than insurance. Everybody everyone accepts my good rx coupons in new york but are there areas where people say, im sorry, i dont take it . We work in virtually every pharmacy in america. All the major chains and every pharmacy youve heard of download the app and show the coupon or print it out online. Bring it to the pharmacy and get that price very simple. I want everyone look, im asking people to save the system and save themselves money by listening to what doug says at good rx. Again, i thought it was too good to be tu and then i saved 3800. Thats real money, man thank you so much to doug. Great talking to you good to see you, sir thank you so much. Guys, its real. I mean, its a private company but you got to do what he said i didnt believe it. I didnt believe it. And then i saved it and its incredible mad money is back after the break. But were also a company that controls hiv, fights cancer, repairs shattered bones, relieves depression, restores heart rhythms, helps you back from strokes, and keeps you healthy your whole life. From the day youre born we never stop taking care of you. Man can i find an Investment Firm that has a truly longterm view . It begins by being privately owned. With more than 85 years of experience over multiple market cycles. With Portfolio Managers who are encouraged to do whats right over whats popular. Focused on helping me achieve my investors unique goals. Can i find an Investment Firm that gets long term the way i do . With capital group, i can. Talk to your advisor or consultant for investment risks and information. Announcer lightning round is sponsored by Td Ameritrade. Subjectively they want everybody to excuse me. It is time it is time for the lightning round. Buy, buy, buy. Sell, sell, sell. [ buzzer ] and then the lightning round is over are you ready, skeedaddy . Time for the lightning round. Mark in new york mark caller hey, thank you, jim what do you think of nokia nokia, no, come on, man we cant unfortunately my buddies who quote from the chairman say that huaweis stuff is better and cheaper so theres nothing we can do how about we go to mark in colorado mark caller hi, jim its grand canyon education, lope oh, the private education, you know, im not a fan of those stocks i think you ought to stay away 18 p e what are you guys putting me in prison with this i need to go to jim in massachusetts. Jim. Caller yes, jim. Thank you for taking my call id like to ask if you could comment on two points regarding emerson electric, emr. Emerson electric. They decided to take an activist position dave is going a good job maybe time to make moves i think it can go higher but isnt exactly the stock id want to buy in this environment trevor in kentucky trevor caller booyah, and how are those eagles Planet Fitness, 33 cents a day, knocking down rsi 27 peloton is stinking up the joint and we dont want to go near the health care into all the sellers of peloton are done and circle back to Planet Fitness and that, ladies and gentlemen, is the conclusion of the lightning round. Announcer the lightning round is sponsored by Td Ameritrade whats the hesitation . Eh, it just feels too complicated, you know . Well sure, at first, but jj can help you with that. Jj, will you break it down for this gentleman . Hey, ian. You know, at Td Ameritrade, we can walk you through your options trades step by step until youre comfortable. I could be up for that. Thats taking options trading from wall st. To main st. Hey guys, wanna play some pool . Eh, im not really a pool guy. Whats the hesitation . Its just complicated. Stepbystep options trading support from Td Ameritrade a new kind of credit card. Created by apple, not a bank. With a better way to track where you spend. A new level of privacy and security. Daily cash you get back every day. And no fees. Not even hidden ones. Oh, and if you happen to be somewhere that doesnt accept apple pay yet, theres this. Nice. Filmgate is growing really staffing a small bquickly and. Is challenging. I needed to fill a production coordinator role. I was looking for someone with specific skills. So i posted a job on linkedin. Maribel had all the skills i was looking for. And looking at her profile. I saw shared connections. That was a plus. But the most important thing. Is the ability to connect to people and she had it. And i knew. She was the one. Post a job today at linkedin. Com grow in the human brain, billions of nefor people with parkinsons, some neurons change their tune, causing uncontrollable tremors. Now, abbott technology can target those exact neurons. Restoring control and harmony, once thought to belost forever. The most personal technology is technology with the power to change your life. The market has suddenly turned really, really nasty. Sell, sell, sell. Its kind of a slow rolling nasty. Many stocks are still so close to the highs you feel like a real chump buying them here. How you can tell when a decline is really creating bargains and when its really just creating lets say fugazis. Let me walk you through some of my Favorite Companies in the Dow Jones Industrial average and show you how its done in a hedge fund or mutual fund, its just its kind of a check down approach. Apple, up 39 , but apple is only off about 3 from its highs. Oh, that might be tempting you in a different environment but were back in hostage land when it comes to the trade war with china. Especially with some new investment rules that could hurt china, being mused about right now at the white house, the story i broke at the top of the show once again i say own am dont trade it that means dont start a new position in it at this level i dont believe the negotiations with chinese will be magical and that means you need to be patient. Let it come in next is microsoft. Microsoft is up 36 for the year but its only down 3 from its high to me thats just too close to that theres no compelling reason to say right here right now i want to own microsoft down 3 . Whats that. Procter gamble up 36 for the year made a new alltime high yesterday. Does that make it tempting not to me. To me it feels like it is waiting to happen. If you buy procter here and drops two points youll be frozen talking about how you had a bad day and killing it out and take a loss. Never feel like youve come in at the top it messes with your head and makes you way too vulnerable to potential disappointments. A psychological piece. Same goes for reaching for home depot up 34 its right at the top. We have one nasty analyst note and it will come down three bucks, maybe five. You know the stock has gotten darned close to the high, well, id say the stock today was pretty high level. You know we sold something for the trust. Can you read about it by joining the action alerts plus club. Visa up 32 for the year listen to this it works for me. Why . Because visas stock is down 7 from its high. I love the ones that are down 5 to 7 . Always a great place to start. High Quality Company part of a technology cohort, much loved until the month of september began. Visa is a wellrun company, seems to be having an excellent quarter. Now, theres been a rotation back into the big banks and out of them like visa. Closer to earnings season i bet it reverses itself charlie being hired by wells fargo was great for charlie and wells fargo gones helped the banks move again today i like situations like visa. Great spot to start a position youre not buying at the high and the fundamentals are good and youre getting it nice enough off the top that i feel its a good place. Hey, 6 is United Technologies, rallied 28 year to date another ideal selection. Off more than 5 from its highs. I like that 5 to 8 despite whats looking like a brilliant decision by greg hayes to merge with raytheon and split into three new companies and the market is loving the prospect of a new pure play aerospace and defense stock not named boeing its worth buying. Filled with positive catalyst, start here, start on monday and some sort of ugliness and build your position. What else . Walmart up 27 for the year. Only down 1 huhuh might as well be home depot. To me its got to come down more ibm is up 26 for the year, down 6 from its high that is tricky because, remember, got that red hat acquisition. I have no edge now nike just blew away numbers. Sorry, have to wait. Finally how about this one, American Express i think this is a terrific situation. Maybe the best of all. You just got a 10 dividend boost but the buyback of 120 million shares when you consider amex only has 829 million shares outstanding it means theyre repurchasing 15 of the share count it is a fin tech play that leads to small to medium size business down 8 from its highs ah, too good to ignore i just love that looking for the ideal kind of stock to start buying in this difficult environment, look no further than American Express, but dont forget, i think that visa is interesting here and, no, you know what, lets just stick with express i know its hard to go through all those different ones but axp is the best one and then visa and then United Technologies stick with cramer. Automatically goes into a Money Market Fund when you open a new account. And fidelitys rate is higher than e trades, Td Ameritrades, even 9 times more than schwabs. Plus only fidelity has zero account fees and zero minimums for retail brokerage and retirement accounts. Just another reminder of the value youll only find at fidelity. Open an account today. Tv aas many safety features powas the rx, the new. The lexus rx has met its match. If theyre talking about you. You must be doing something right. Experience the style, craftsmanship, and technology that have made the rx the leading luxury suv of all time. Lease the 2019 rx 350 for 399 a month for 36 months. Experience amazing at your lexus dealer. Through the at t network, edgetoedge intelligence gives you the power to see every corner of your growing business. From using feedback to innovate. To introducing products faster. To managing website inventory. And network bandwidth. Giving you a nice big edge over your competition. Thats the power of edgetoedge intelligence. One of the most emotional stocks in the market is called micron it went down a quick eight points why . Because a bunch of analysts bolted between the 49 51 level and reported they had a good quarter but gave you bad guidance back to 43 everyone is panicking and thinking, oh, no, what do i do next ive been saying you buy a little here, buy a little at 40, buy a little at 38 and get bigger at 35 thats how it works, people. I always say theres a bull market somewhere i promise to find it right here for you on mad money. Im jim cramer and i will see you monday. And t, the American Dream continues. I led a program for gang leaders. How many others are there out there like this . Nothing. Nothing . Weve sold over 1 million in sales. Whoa what . Next year, 10 million. How the beep is that possible . I want somebody who also believes in me. Nobody is going to give you 400,000 for 10 . Can we take a minute . Your valuation is stupid. Do you see any problem with that before i eviscerate you . You dont have an order, disha. What do you mean by an order . Theres a reason why that storefront was empty. Guys, theyre freaking me out. Youre trying to talk yourself out of it is whats going on