Index, measures the strength of manufacturing slips to the lowest level since 2009, everybodys going to freak out theyre worried about a recession. Which is why the dow lost 304 points, s p 5001. 23 and the nasdaq dropped 1. 13 that was last week now this market was due for this beatdown but i also told you that i dont believe were headed into recession. Im standing by that position. But the recession thesis became more compelling today and you need to get your head around it if you want to understand this market so let me lay it all out for you. One place. The single biggest problem behind the recession thesis is the president s trade policy but maybe not the way you think. Trumps towers and chinese exports have done realdamage t the chinese economy. Second largest in the world. As china falters, it is taking the rest of the trading partners with it, especially europe, throwing worries about brexit along with a lack of fiscal stimulus from germany and you have a worldwide slowdown going. Its one we might not be immune to logic does sound airtight, is it not it so then how come im not more worried about a recession than everybody else well, its the last step yes, there is a worldwide slowdown i dont see it doing as much damage here. If we were an expert oriented manufacturing economy in the United States, we would be in a lot of trouble we have a service driven economy, twothirds of our commerce is nonindustrial domestic were late stage capitalist country. Only our exports are really vulnerable our manufacturing has been devastated years ago what do we sell to the rest of the world . Airplanes and automobiles. Look, a big export, even the biggest, is the boeing 737 max thats grounded. Think about that general motors, its on strike think about that so you see the purchasing Managers Index number today, you need to take those two factors into account i dont think people did i think they explained a lot of the step down that were talking about. In other words, were not going back to the 2009 economy thats the worst since the Great Depression frankly, i gather exports can take douus down like that theyre too small, lucky or not, i he guess, to do all that much damage. Thats why i want to put todays action in different context from what you might have heard. We got hit today because we were due for a pullback think of that. The markets had an incredible year yes, we were up 17 from 2019. Were now in the Fourth Quarter the investors, like you, can do some tax planning. Its natural. I predicted this pull back two weeks ago. I had no idea about the pmi number i said there something off the twhal would hurt us. I hadnt known there was going to be this the struj that market had already gotten severely overbought hence, while weve been ringing the register for my travel trust. Im coming out here every day and telling you, weve been ringing the register you can find out by joining the club which im, ive been adamant that, well, ring the register today we actually dipped for the first time and did some buying only a little. I think the afrnls could have more down side and sold something to buy its the first buying i sanctioned because last, after today, so much profit taking were oversold. What else . Okay, the market has been exhausted by initial Public Offerings that buyers are no longer interested in or more accurately are repulsed by i told you this was going to happen there would come a day where there have been so many deals that it could wreck the whole darn market. Companies with rapid growth have gone out of style. There is little demand for a peloton which became public at 29 last week i told you to sell it. Thats latest from a long line of disappointing deals and theyre weighing on the averages thank you uber third, we have a rude awakening of what could happen during earnings season when the brokerage stocks collapsed on the news that Charles Schwab will no longer take commission on stocks, etfs and options. Td ameritrade, down 25 . On the other hand, were also some poz keep track of these. Did you want hear much about it. There is Spice Company theyre slightly better than expected quarter the stocks shot up, get this nearly 7 . Mostly because the strength in this this particular brand of franks. So i wouldnt be too worried about the earnings season. Pt there is going to be good and some bad fourth, there is washington. This matters two weeks ago i interviewed Speaker Nancy Pelosi she talked about the need to Work Together with the president to pass the new nafta, revised trade deal of mexico and canada. That is essential to so Many Companies and their employees. But just a few days later, the ukraine story broke. And suddenly she leading the charge on impeachment. Hard to work with the president on the trade agreement and impeach him at the same time beyond that, however, however you feel about impeachment, the spillover effects are undeniable and jarring people there is a belief that trump wont be able to get a trade deal with china if hes impeached because chinese will say no that will, for certain cut back on Business Investment more importantly, depending on how bad this gets for the president , theres a possibility it could lead to a democratic sweep in next years elections snag could put Elizabeth Warren in the white house she is the leader. Give her both chambers of commerce wall street is terrified of warren i think a lot of that is overblown. But my view doesnt matter as long as this is the narrative that terrified by warren and boy it is ever the narrative, we need to be prepared for endless bouts of selling every time there is new development with the impeachment proceedings or a poll that puts warren ahead of biden and that could last up until election day so how come im not losing more sleep over this scenario for starters, it is very early in the race. We have no idea what will happen trying to bet on the Election Results more than a year in advance, i think thats a fools game on top of that, there is always a possibility that trump will get a trade deal with china. I think the chances are slim but the president thinks hes slipping he might be a lot more willing to compromise with the chinese but the main reason im not worried about a warren white house or at least as much as the other guy, i dont think it will be nearly as big a deal as people think wall street is acting as this is her playbook that she is chairman now frankly, that is lunacy. I expect war tone raise taxes on the very rich. Well, shocker. Shes been saying that i think she will go after companies she believes are too powerful like Teddy Roosevelt did as Mark Zuckerberg pointed out, it suck for facebook if they go after him. But he can take his case to a court of law maybe hell win. Warren break up big tech i have to tell you, as i see the price ratios of the stocks collapse, it might not be that bad if say, you say alphabet should be broken up. They may not want it okay but it might be positive for shareholders you get youtube and you get wamo and the health care thing and the search frankly, that will add up to more than the stock is right now. Yea, parts are now worth more than the whole the worst thing for the stock market, i see warren pushing the Capital Gains and that nos noe nothing new. People benefit from keeping the rates lower. Because they own more stock. It certainly possible investors sell stock ahead of time in an effort to anticipate that change the but again, im telling you, that really feels like gun jumping. Heres the bottom line im not saying its time to head for the exits here im saying the opposite. If youve been selling stock for weeks to raise cash as ive been advising you to this is a time to start look forg stocks to buy in weakness. We have some were going to mention later in the show. If youre living in fear of recession or of the prospect of an Elizabeth Warren presidency, i think youre going to miss out on some terrific opportunities and i think youre too scared to act reasonably to protector grow your wealth. Joel in florida, joel . Caller hi, jim i want to thank you for your advice in make ming me a lot of money. South florida, ill give you lessons on how to play the beautiful game of the question, not just watching but playing. I used to go to big bend high lined when it opens in tallahassee. Man, i have toil, that is fun. The frod the frod its a beautiful sport. My question is, some time ago you recommended Sky Works Solutions which i bought at 6 a share. Yeah. I pyramided it up over several years. And i guess sky works went sky high to over 100. I sold some for a nice fat profit and left some on the table. I think they call playing with the house of money thats right. Thats my goal caller now sky works descended from the 100 to about 77. My question is do i sell, buy, or stay the course remember, youre playing with houses money. You dont have to do anything. That was stock was at 6 6 it went from 6 to 100. Thank you for remembering. Liam griffin in came n is in the cross hairs of the trade dispute. I would not buy more, i would not sell more. Hold on it to. The liam griffin come back on the show and not just because the patriots look like theyre going to go all the way again which sun fortunate. Trevor in North Carolina trevor caller hey, jim. Im 23 years old and although im a court cutter, i listen to the podcast every single morning. Take i where you with get it. Caller jim, i have 23 of my mad money portfolio tined up in cannabis growth. With it hitting 592week low, should i double down or move over to Something LikeGw Pharma Gw Pharma is terrific there was a short rate on it gw pharma is real. Consolation brands reports in the third. See what they have to say about canopy before we rul tpull the trigger. I dont believe well have a recession, all right i understand you may disagree. Its important to take a deep breath and dont let panic take over you know what . I got to tell you, i have seen enough times in my life that people have been trying to, lets just say, take quotes from chairman mail. I dont see that right now with one of the president ial candidates that people think is doing that on mad money today, china is back in the news rumors swirls the government is considering limiting Chinese Companies access to Capital Market companies what does it mean for recent ipos im offering you my take this isnt the secs handbook. All right. Then even in a trade war people have to eat. So how about the advertising place. Im going off the charts and find out and give you conclusions. And in a market dominated by trade worries, im playing defense by going domestic. Tonight the company that keeps the lights on in the city that never sleeps is here. Going to electrify your portfolio. Dont miss my xleef with coneds ceo and stay with cramer devices are like doorways that could allow hackers into your home. And like all doors, theyre safer when locked. Thats why you need xfinity xfi. With the xfi gateway, devices connected to your homes wifi are protected. Which helps keep people outside from accessing your passwords, credit cards and cameras. And people inside from accidentally visiting sites that arent secure. And if someone trys well let you know. Xfi advanced security. If its connected, its protected. Call, click, or visit a store today. On friday bloom reported that the white house might be onboard with making it harder for Chinese Companies to access american Capital Markets yesterday Peter Navarro came on squawk box and walked it back. Calling the story fake news. I got to tell you that, is too bad. We should make it harder for Chinese Companies to raise money here in the United States. And im not even talking about this new context of the trade war. This is purely about protecting investors from it garbage merchandise. What we need is a moratorium on chinese ipos boo as ive been telling you for ages, companies from china keep coming public here in the United States and for the most part, this day of deals has been a nightmare for anyone who is participating in them. The house of pain there are few winners for the most part, chinese ipos are toxic to your wealth sell, sell, sell, sell weve been 31 of the deals last year 14 more in 2019. Do you know that almost all of them underwater . On average, the stocks have fallen 32 from where the ipos priced if you go by where they close in the first day of trading, theyre down 37 and market that is already overwhelmed with low quality ipos the last thing we sneed more questionable securities from china which has much weaker regulations surrounding all of this stuff than we do. Chinese companies should comply with our disclosure rules. It makes a ton of ten e. Sensse. You should have to follow u. S. Securities law in fact, total lunacy this isnt already the status quo what happens when you let Chinese Companies take advantage of our stock market had without subjecting them to the sim day closure requirements as u. S. Companies . Ill tell what you happens investors get burned thats what. So tonight i want to lay out the quantitative case for imposing some kind of limitations on new u. S. Listings for Companies Based in in the peoples republic of china. When you look at all 45 chinese names that came public near 2018 and the first nine months of 2019, the underperformance is staggering like i told before you, the chinese ipos are down an average of 32 32 . And thats not just a few bad apples spoiling a bunch. The median chinese ipo is down more than 37 . Of all 45 stocks, only six are up from their Closing Price on the first day of trading six in fact theres a whole pattern here the median chinese ipo peaked 22 calendar days after they came public roughly twothirds have been cut in half from the post ipo highs. In other words, typically chinese ipos may start strong and roar higher in the first two weeks. But then they quickly get peaked and then they tend to get eviscerated when you look at the class of 2018, there were 31 deals, only 3 are above the ipo price. Only three now those three winners are up anywhere from 20 to 95 and theyre often the ones that are thrown at me on twitter by a bunch of chatter head sunshine clowns that have reason to be excited about the chinese deals. But that doesnt come close to offsetting the 28 losers some are down 80 to 90 as for the 14 chinese deals of 2019, only four are above the ipo price. Who knows how long those four will will continue to hold up. I would sell them all. Theyre only down 18 on average. The average is up 17 . The median is much worse down 32 more than half of these stocks peak within a week of coming public theyre doing worse because the newer names havent had as much chance to disappoint you what more can i say . The larger Chinese Companies tend to perform better even with the winners, most of the gains came on the first day. I would sell any of these and invest in the companies that have the disclowe sure stronger. As they famously pointed out, sunlight is the best dits infectant. How about a more indepth example. Consider the case of when you asked about many times lets go to nio. They came public over a year ago. Normally i wouldnt talk about a 1. 32 stock. Thats right but nio has a 1. 38 billion market capitalization and more than 26 million change hands every day. Plus two weeks ago nio is trading at 3. It is below the usual requirements thats why its the perfect example. Nio makes luxury electric cars sounds compelling. So going into the deal hailed widely chinese tested. We seen the same story so many times. Chinese this and that. Nios ipo price is the 6 and change and then 13 two days later because of the hype. Today this is the stocks all time high. They gave up the gains, trading back to the Single Digits n february, 60 minutes ran a segment on chinas drive to dominate the electric car industry they call nio the chinese tes l. A. Once again, the gains didnt last. A few weeks later back to five its been all down hill since that stock getting annihilated china announced they were scaling back the electric vehicle subsidies. Then in june the recall nearly 5,000 vehicles after a number of them caught fire subopt mall. Finally, the Company Reported much larger expected loss. The now you have analysts expecting that they could run out of cash in a the maer of years, months . How about weeks . Meanwhile, the actual tesla is a vaktry in shanghai getting ready to that i china by storm. This is a textbook example of how people get burned by chinese ipos it could be a boiled down to a sij sentence chinese tesla is a great elevator pitch but there is no underlying rigor then the stock gets crushed by a series of unforeseen events. A big product recall shocking negative earnings numbers. I bring this up because nio is typical. The bottom line. But last thing we need right now are more low quality chinese ipos i would love for our government to block these deals regardless of what happened with the trade talks because they are hazardous to your wealth but even if these chinese ipos keep coming, you can avoid getting burned with this one simple trick just say no. Stick with cramer. I keep telling you this market is turning vicious. That means you need to get a little more selective about the stocks you own you Want Companies that can thrive even in a time of uncertainty, even if the trade war drags on, even if the political fallout from impeachment makes american businesses gunshy about spending money so what might be worth picking at here . Consider some of the better run fast food chains with stocks that have been holding up pretty well of late remember, the consumer economy is still very good shape the weakness here is mostly the enterprise side of things. Weve seen solid retail sales. Some of best in years. Job market is incredibly strong. Wages are rise something what. Not so much as the inflationary so the fed can cut rates the consumers are spending and Everybody Needs to eat but just like in every other sector, it pays to be picky with the restaurants which is the theme in today is market. Some of the sitdown places like i hop and applebys, they struggled to bring in customers of late. The fast food chains, on the other hand, have lines out the door because they appeal to more value conscious consumers. Thats why tonight were going off the charts with the help of bob line he is a great technician that runs the trifecta newsletter and author of know your options. Get a better read on three of the fast food stocks of mcdonalds is intriguing. Ill spend more time later in the show addressing why i like them long term and short term. Lets start with the daily chart only mcdonalds it got slammed today after jp morgan published a negative note saying the samestore sales will come in weaker than expected this quarter. The Stock Plunged 5 this is the major weakness in a Dow Jones Industrial average that is terrible mcdonalds is a well run company. Ill explain later in the show, i have enormous faith in the ceo. He has turned around the company. With technology, smarts, and the last quarter is excellent. Take this piece of research with a grain of salt. Just as important, lange really likes what he seize in the charts we do chart and then funding even though mcdonalds got hit today, the stock has been on a major roll all right . Up more than 17 for 2019. Not bad. It mazede a series of higher hih and lower lows every time there is a dip in this one that, dip is a buy. As you can see, every time, and this time, well, lets just see. Last month mcdonalds broke down below the floor of support that is 50day moving average. That is the blue line. Currently at 14. This is what happens to stocks still, i think it smells like an opportunity. The moving average convergence and it recently was named bullish line thats where the black line goes above the red one. They signal that the stock is ready to hit higher. There is no degradation. Plus, with very williams that did some stuff this is his offsetter. He measures when a stock is overbought or oversold it shows at last, mcdonald in the oversold territory which is always been a buy indicator. Come down too far too fast what if we want something less ambiguous. Here is my favorite. Look at this thing remember, again, doing chart first and then later on funding. This exploded higher up more than 90 year to date. I think a lot is the new ceo and the fact that the Company Finally got over all the health scare worried from a year ago. American public thinks about 18 months and then they forget. Just the way it s its that far in the Rearview MirrorCompany Invested heavily in Technology Get the lines moving faster and process more customers they cleaned up the stores theyre rolling out lots of new menu options irresistible carne asada he thinks they have a lot going for it every time it pulls back to the 50day moving average, it goes down further that sen couraging at the same time, there is the cloud. We listened to this before that is that green space in the chart. This is technical tool that uses a bunch of moving averages to give you a read on the whole situation at a glance. When the cloud is green and expanding like it is with chipotle that, say good sign the stock is kind of going side ways, consolidating. It has a monster gain from the summer largest and best stock in the s p 500. Thats why lange says its a buy right here something i agree with and again ill talk about that they have a resistance at 8 50e. Once it breaks out of that ceiling, well, lets just stla could be a lot more upside might take some time though before the breakout happens. Lange says its worth the wait i agree. Finally, now this is one im not covering fundamentally im not as bullish on it as bob is jack in the box. They compete against mcdonalds. They were spectacular last october. And that worries me that it had such a big gap this thing has been on fire though ever since. Making new highs jack in the box held up. The stock is now above the moving average the cloud is as bullish as it gets and green and expanding. While jack in the box is an overbought territory according to the williams percentage r up here, a little overbought. I dont want it to come down to the gap. This is maybe a inl bedded situation that it is overbought and stay theres for weeks or months discuss the embedded and get rich quick it is a thing that con foundz me p its a stock so overbought it just stays overbought and wins thats a positive sign now look, for the past few weeks jack is snuck a tight trading range. This is what is an ascending triangle see that okay and that is a did where a stock ceiling stays flat even as the floor of support keeps rising. This is what usually called a continuation pattern a stock pauses to consolidate after a big move and then resumes that moef once its ready in other words, jack in the box might be marking time here before the next cycle up lange says its the favorite heres the bottom line f youre looking for something that might be worth buying in this difficult market and we have difficult market, can you do a lot worse than the best run fast food chains. The charts provided by jacqulans jack in the box is longer. I like mcdonalds. I dont think this one is as easy as bob says it is lets go to pam in california. Please, pam . Caller hey, jim, first time caller long time listener thank you i have a question for you starbucks has been on a coffee high for last year with gains around 75 and beating estimates for the last eight quarters. The do you think they can sustain the Global Growth as they have been doing in china and should i stay caffeinated or get more caffeinated or dump my stale coffee like the way youre approaching that ive been waiting for starbucks to come down in order to tell people, look, once again, its ared to go you know what . It is coming down a lot. I think you should own the stock. Hit a terrific year. Theyre taking profits in the stock like theyre taking many others and the cold brew during the afternoon is crushing it starbucks is a buy john in michigan john caller jim, i want to know what your thoughts are on grub hub. It is being shorted by jim chenos right caller it has 200 eps. Of. Heres the problem. Heres the problem with grub. I own two restaurants. And i have to tell you, the war between grubhub and this outfit door dash post mates, big ads this weekend it is just too difficult for anyone to make money in that environment. The other two guys are private they can lose all the money they want so grub is much as its very well run, and i have as everybody knows, we have had management on, i think that quality is terrific. I think that business is too hard even for someone as good as matt always welcome on the show all right. Dont let the market fall fast you can get more selective about what you own and charts suggest that jack in the box and mcdonalds can thrive in uncertain times. Two out of three, i agree with much more mad money and im looking for a surge of profits and my exclusive with coned. Talk about something you didnt own. And then on the hardest hit pockets is also one of the best plays out there. So what should you do with some of the restaurant chains of course, we take all your calls later in tonights dishing up the lightning round stay with cramer 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 discovered in jellyfish, prevagen has been shown in Clinical Trials to improve shortterm memory. Prevagen. Healthier brain. Better life. What do you do when the market gets slammed by worries about the broader economy . Well, classically you pile into the defensive stocks the ones that can do just fine in a slowdown. Like utilities where does the strength and consolidation come, coned. Our local utility in the new york area here is a stock up 23 for the year including a 10 gain since the end of july you know ive been telling you over and over again, this is the utility to own theyre selling for 20 times next years earnings some analysts think it is longer to run they argue that the commentating is too negative. It doesnt make sense if you worry about where were headed lets check in with the chairman, ceo of coned welcome back to mad money. Good to see you. Great to see you. Thanks for having me first, john, everyone is worried about the slowdown in the economy whether it is real or not people say we should own utilities. That is still true, right . Utilities have typically been inversely correlated to Interest Rates. Some actually view it as a bond all alternative. That is a knife that cuts both ways we benefit as a sector as Interest Rates go down we get hurt on the other end as Interest Rates go up youre in a growing area. Does that matter it does and there is growth in many different ways the transition to a Clean Energy Economy that were pursuing in new york provides significant opportunities for investment that will help benefit our customers. We work to make sure that all investments are optimized. Typically i say if its more Energy Efficient and more natural, its going to cost more. Youre telling me that is not the case there are places where it will cost more the adoption and buildout of the infrastructure to support the energy will have places where it has upward pressure on it. Now, will you be able to put through rate increases that the state will regard as reasonable . And still conceivably allow for this were in the midst of a rate case for the company of new york weve filed for gas and electric rates in january we reached an agreement and were working through the details with the parties those are all confidential at this point but we expect that well have a joint proposal ready to issue by the end of this month. The. A historically, if you get that joint proposal, would there be room historically to raise the dividend historically in new york, you get a proposal, it crosses the finish line and cant think of any exceptions in recent history. And that will support give us the support we allows us to continue to invest and support dividend growth. I dont predict well dividends will be next year. We have 45 consecutive years of dividend increase. The longest of any utility in the s p 500. That is remarkable. This is the with town buy. Now when you save on energy, who benefits so what do i have here that would make it so that energy should be lower . So this is a device that were currently making available to electric vehicle users. It plugs into the data port of an electric vehicle. They roll in our program and if you charge and its. Caller a. M. , you get a 40 discount on the electric price there are 500 plus the enrollment and its better for the stake hold cher er there you are at odds with the administration because you dont think what the epa is doing or has been ordered to do is the right thing versus these kinds of things yeah. This is particularly attractive its more and more electric vehicles rollout, part of what we need to do make it successful is make sure there are incentives to charge them during off peak periods in part, they need to refer to the epa, we have imposed a relaxation of natural gas rules that we recently opposed by the epa. We think natural gas is part of the solution to bridge to the clean energy future. And push back. I dont know how and if if you look at those proposals, you tend to be utilized by relatively small customers, companies that the ones that are on the margin. We dont expect it will have a Significant Impact on the industry now, the when we think theres been an increase in cyber terrorism and i have to believe that we have all these companies on it. You put your stuff in the cloud and then maybe driving around. The bad guys would like to knock out a utility i think. Beef seen whole countries plagued by knocked down utilities. Sometimes i think it is super terror how do you stop this we are a high profile target for them we act accordingly were very focused on reducing the cyber threat we have a four stage philosophy. Test with out siders on a regular basis. Detect, many times when there rinne trugss, people have been in your system for many months before they actually act so having detection mechanisms to make sure they intruded into the system is very important mitt gates means youre able to respond. You know how to isolate parts of your system. You know how to operate without the parts of the system. And then recover means you have to the resources and plant ready get back to full strength. We have cyber mutual assistance. In the same way when there is an overhead storm, we provide people from unaffected utilities to effect utilities. We have an agreement around mute ill assistance for cyber. We have pregrument agreements to allow the people to help that utility. Last question are we using less energy per person or more less energy per person. Because of things like this because were being conservative the light bulbs . Why are we winning on this a lot of people feel were not it is around Energy Efficiency more than anything. Energy efficiency is better for the environment and better for the customer in terms of the bill than even solar or wind opportunities. Thats terrific i want to thank you so much. Chairman and president of coned. Ever since we started the show, this is our favorite now you know why if it youre just beginning to watch, mad money is back after the break. The bimagine a world where nothing gets in the way of doing great work. Where an American Icon uses the latest hr tools to stay true to the family recipe. Where a music studio spends less time on hr and payroll, and more time crafting that perfect sound. Where the nations Biggest Party store can staff up quickly as soon as its time for fun. This is the world of adp. Hr, talent, time, benefits and payroll. Designed for people. Its the idea that if our mothers were diagnosed with cancer, how would we want them to be treated . Thats exactly how we care for you. With answers and actions. To hear your concerns, quiet your fears, lift your spirits. Thats the mother standard of care. This is how we inspire hope. This is how we heal. Cancer Treatment Centers of america. Appointments available now. It is time for the lightning round sell, sell, sell, buy, buy, buy, buy are you ready . Lightning round. I want to start with matt in alabama. Matt roll tide oh, man you got that whats up . Irobt number no no sell, sell, sell. Thats all we need right now matt in texas. Matt caller hey, cramer, thanks for all you do quite welcome caller what is your opinion on exact sciences corporation, exta it saves a system they have the great anticolon Cancer Detection stock is a little out of favor thats okay. I think its good. Nicky in florida nicky . Caller hey, jim. How are you is. Been a long time. Okay. All right lets go lets go to work jim, im concerned that the dip in the ratio is high and the scale of the company is it a buy or sell . Sell, sell, sell, sell. Sell alex in california. Alex booyah dr. Cramer. This is alex from los angeles. Long time, long time good deal on a down day like this, i figure i the dividends and i didnt even thinking about cim no, were against all this stuff that we dont understand exactly what they own. Like lets say they start going bad. Jim, what do they own . I dont know thats not good enough you deserve better im going to say no to that. Dominick in california dominick hi, jim my grandson has a question for you about a stock. Sure. Booyah, cramer, im talking about a very Profitable Company that has both earnings and revenue. Its a medical company that is technology and the stock name is inmo what do you think about it heres a 14yearold that just stumped me. He stumped me. I dont know that israeli company. I have to do more research no, its an Illinois Company heres the problem with these guys, just so you know, this is a medical Device Company that does dermatology and those are tricky we have to do more just ask what happened to allergen you dont want that to happen. Leo in new jersey. Leo . Hey, cramer, booyah. Thank you im from new jersey myself caller i took a small investment on netflix. And its been down by 30 . Right caller so what do you think i should do . Im not a netflix fan here. I have disney and i have the cbs and disney and the espn no, too many competitors im saying sell. Very low price and that, ladies and gentlemen, concludes the lightning round so good high protein. Low sugar. Mmmm, birthday cake pure protein. Find our coupons in sundays paper. Why was mccould be aldz down jp morgan put out a piece of research arguing that the Third Quarter results will come in weaker than expected its been a very strong labor market and very little expansion in the industry. These are two good things for mcdonalds j. P. Morgan is confident the estimate is too high according to the tracking service they use, thing disease tear yated year over year. Gets worse delivery could be a major opportunity for the research they say it may be a little more complicated than that. They build the money for the platform and they added thousands of other restaurants that compete against mcdonalds. They may have sewn the seeds of their own destruction at the very least in an environment where everybody delivers, much less edged i have to tell you this is a really tough call. They stul rate mcdonalds a buy. I think theyre a buy too. As did bob langer. There is one problem almost every single firm that follows this stock has a buy on it when i see that, thats an accident waiting to happen if any of these other analyst dozen their own checks and get results, theyre likely to downgrade. Given the stocks up 17 for the year, a down rate could cost a major selloff in the levels. But, man, if you if youve been a bull in this stock ever since he took over ceo and turned things around, its got to be tempting to declare victory. Dump the stock ring the register and say hallelujah so what do do you . Even though the stock is precarious, what im worried about is what happens if you sell it and then try to get back in at a lower level once the shakeout is over a hedge fund thing most people are not that nimble. You cant play with the stock portfolio all day. Get out, get back in plus, we cant be sure that j. P. Morgan is correct. I couldnt even tell you how many times ive seen the rejections go och the rail this morning, the calendar thats when you reach october and they want to show investors they were smart and, wow, wlook they own i think a lot of the weakness we hear about mcdonalds thooz do with lack of promotion thats are compelling chiptotle is the opposite. I have already had two of them and most importantly, it is teamed up with door dash to expand the delivery capabilities n new york a couple months ago, you could not get chipotle delivered. Now there are parts of the city that covers it i think theyre taking share from everyone. I respect what yum brands is doing here i mention the Delivery Business is cutthroat business. If you want to buy a restaurant or stock, i go over mcdonalds with chipotle. If youre a long time holder of mcdonalds im telling you to ride out the weakness even if something is wrong, im confident steve will fix it. Yes, hes that good. And that, not the chart, is what matters. Stick with cramer. Its happening. just ok is not ok. Especially when it comes to your network. At t is americas best Wireless Network according to americas biggest test. Now with 5g evolution. The first step to 5g. More for your thing. Thats our thing. 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Im jim kraycramer and ill see 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. With a product she believes will help expecting moms feel beautiful. Hey. My name is deidrea haysel. My company is hot mama gowns, and im seeking 30,000