The only intelligent way to invest that is simply not true. After a roller coaster of a day where the dow dipped 40, nasdaq lost 0. 72 sell, sell, sell. Im going to prove to you ive said this before, ill repeat again, a low cost s p 500 index fund is a great way to get exposure to the greatest wealth of our time, the stock market. The bond market has been giving a pretty good run for the money. If you dont have much capital and trying to save for retirement put that money in an index fund imagine if i came out and said, hi, im jim cramer buy index funds. See you tomorrow i mean i guess i could do that but if i really believed in them and i do i think theres more to it if youve got some mad money, hence the show, to play with, or invest if youre mad at me about saying play, you can better returns as long as youre willing to do the homework plus when you nail a stock pick you get that joyous feeling of winning the lottery and this is rigged in your favor extra incentive rather than spending your money on something fun. Want examples . Today was the day, just look at the action in the Health Care Sector where we had some huge winners. Tote of nowhere biogen is seeking approval for an alzheimers drug what did it do it shot up 26 hallelujah what made it so shocking, like many other Drug Companies theyve been working on alzheimers treatment for years this is the holy grail of medicine. Everybody, everybody has been searching for it no one ever finds it Johnson Johnson failed eli lilly failed and looked like bejoegen failed earlier too. In march they halted a drug that could stop the progress of alzheimers but how about for everybody else whos deathly afraid of getting it but earlier today at one of the most astounding turnabouts, i mean truly i would have devoted my whole morning show about this, david faber and i talked about it bioagain tells theyve done a new analysis and the drug is working. Long duration high Dose Administration is giving us all the right signs, better cognition, improved ability to ham what are known as the activities of daily life, independently traveling, personal finance so bioagain is resuming trials after meeting with the fda if the fda has encouraged hthem to proceed with the studies, its not the company doing it but the fda saying, hey, green light this could be a game changer. If this thing works and side effects are minimal it could be right now the biggest drug in history. A blockbuster to end all blockbusters, exactly when i get off the desk with ceos of the pharmaceutical industry they say it cant be done you cant reverse it no wonder why it caught fire so many analysts got burned after they said things were pretty good, theyre gun shy almost all of them rate the stock while biogen had a big move its still down 50 points down from where it was at march. Im betting some analysts will be forced to upgrade to a buy and when they do it will go higher maybe a lot higher i bring this up because lightning is never going to strike that index fund of yours it struck biogen you wont get crushed by losers. Asterisk that. I believe the odds of picking winners outweigh the odds of ending up with a loser alongside your index fund even without the new drug biogen was worth owning thats why i think the move isnt over but maybe new drug data is too random for you a more gettable example. A guy we have on, a real charitable fellow is the ceo of centene. He is the most tiff executive i know in health care. Also because, of course, his stock is incredibly cheap. Today he reported a fine quarter. Rallied. Not initially. Some people are more stupid. My mother would say dont say everyone is stupid thats not fair. 34 years of wisdom there i think its got a lot more room to run centene domestic now, as ive told you before even if Elizabeth Warren or Bernie Sanders end up in the house they dont have the votes to pass single payer take medicare for all off the table and centene has a fabulous runway fabulous finally theres uber cramer fave bristolmyers. For ages we heard their drug keytruda was beating the stuffing out of onbdivo and take with another can improve lives this is looking brighter for them one more reason to like bristolmyers. It sells 12 times next yores earnings are you kidding me ive been like a broken record urging you to trust ceo giovanni kaforia and buy the stock with these new results and brilliant management deal i think bristolmyers can perform better than the s p infection fund and 3 yield and if youre worried about a slowdown in the economy dont you think bristolmyers is what you should be buying. Skeptical that the fed will keep cutting interest rates, buy bristolmyers. I love index fund, i love index funds. Everybody should have some exposure to it but if you want to hit big try to pick individual stock as longside of those index funds. Stocks like biogen or cen many tene i think they have big upside of course, you can always end up owning losers. The good news for bristol news, bad for merck. Even if todays vicious 16 nine, still up 23 for the year. Not so bad notice i did not pick any stocks with Economic Sensitivity or trade war issues we got news from Texas Instruments. Weakness across the board was ugly and brought down the whole semi cohort afterhours. Those stocks are often too hard to own although i think Texas Instruments overdid it these gains can be yours and i do believe they will outweigh the losses and be a nice already lets just say sidekick to index funds. Anybody who lacks the time 0 put in the homework to own individual stocks but if you do have the time and willing to do the work beat the averages with a bejoegen or a centene. Tom in illinois. Caller thanks for taking my call. Of course caller i bought shares of viacom b thinking that the merger between cbs and viacom would help bring up both shares and it hasnt been the case and im wondering what is your feeling on this merger and also what is your feeling on viacom b . Is it Still Holding on for now. You cant see the show but i have a dunce cap on. The reason i do that i too like it and bought it for my Charitable Trust and feel like a complete idiot i should be sentenced to be in the corner and write on the blackboard im an idiot because i recommended it my Charitable Trust has been hurt. I felt it would be potent and really powerful combination. It oddly has not worked. Im not going to sell it but lets just say ill have to spend this whole darn period with my dunce cap on thank you for the call josh in North Carolina josh caller booyah, jim from the tar heel state how are you doing . Im doing well. How about you . Caller i am doing great. Jim, the company i wanted to ask you about today is northrup grumman. I like it. Lots of innovation i think theyve got the culling edge on a lot of things. My concern is a pullback in defense spending by the u. S. Government what are your thoughts youre from North Carolina . Why do you want to pick why do you want to pick a running back who sees who is on a team with a quarterback who sees ghosts i want you to buy christian mccaffrey. Who is it . Its United Technologies stick with the program all right. As long as youre willing to do the homework you can feel like youre winning the lottery with the right stock picks. How about the biogen how about the centene or bristolmyers. Look at todays winners. Hasboro took a tumble. Wasnt it nasty. I sit down with the ceo. He comes on even if its a bad day. Is beyond meat as great as it is and tasty as it is a little too much like gopro and lodge gitec have the ceo so 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. 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. That could allow hackers devices into your home. Ys 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. I feel like i say this every quarter but what the heck just happened with the stock of hasbro its either feast or famine for those guys i ive liked it so much. The stock got hammered down more than 16 we got to look into it last time we got the sense they finally got over the Collateral Damage from the toys r Us Bankruptcy that was a terrible disruptive influence. This time they got hammered by tariffs on toys made in china and posted a 37cent earnings miss with a substantial revenue shortfall. While hasbros licensed brand dis very well and there i think toys affiliates with disney and marvel and star wars, every other division was weaker than expected you get the sense that the trade war is really making life difficult for this fabulous company. It doesnt help that wall street is skeptical of their Entertainment Division and shelling out money for peppa pig and others lets check in with Brian Goldner who has the intestinal fortitude to speak to us every quarter during good times and bad. Thats one of the reasons i like him so much. Mr. Goldner, welcome back to mad money. Hey, jim. How are you doing . Brian, i got to tell you there is a part of your Conference Call where you actually describe what its like for you and a retailer given the tariffs, i know that the analyst i got it if you explain it to our viewers, they will know that this had to do nothing with how great hasbro is, but everything with the way the toys are bought and sold in this country well, you know, we set an objective to get back to growth. You mentioned toys r us and were getting back up 5 . We said we would turn our European Business around and were doing that our International Business was up 4 absent effects with strong growth in latin america and asia pacific then weve talked throughout the year how tariffs could have an impact whether or not they were deployed or enacted. Because of the way we go to market using an assetlike system with our retailers. In essence our retailers ship in product on a direct import basis and we ship in product domestically as tariffs are being considered and just through the Third Quarter we saw several times conversation, communication and elements that would say tariffs were coming, our retailer canceled those direct import orders and then we brute them in domestically, those same inventories except the inventory is sitting in asia awaiting for a direct import pickup and we have to bring it in domestically through our supply chain so in july and august we saw shipments down in september we saw shipments rise appreciably and our supply chain working with the third party provider, an assetlike model we werent able to bring in all the product we intended to bring in and continue to work through this process. Going forward, after Fourth Quarter 2019, our teams like we always do address these issues in realtime. We have a way to go forward with our retailers whether tariffs whether enacted or not will not have an impact on the business but in the short term it did and we saw it in a reduction in revenues and increase in some expenses particularly around shipping and warehousing and thats what we were describing today. To me it made perfect sense to someone whos been in business and watched my dad sell toys, i know the whole i mean this would be something its like a second analyst youre probably the company most at the front line but i like what you said about september i like the progression can you catch up, fill the orders from september and still hit christmas strong well, look, weve said that weve come out of the gates into the Fourth Quarter strongly within our assets showing great growth we have a number of amazing initiatives coming frozen 2 in theaters shortly we launched on october 4th star wars is launched on october 4th. Were seeing very strong growth there. Our nerf business is off to a very good start as we launch nerf ultra were seeing a number of initiatives around fur real friends and cubby. Transformer, monopoly and magic the gathering also we have a number of new products coming into the holidays we said we believe we can grow in the Fourth Quarter and as we go forward, we will get through this issue related to tariffs. So, brian, how much is the is your companys bottom line or the consumers bottom line going to be hurt by what President Trump is doing well, look, i think the way to look at it, were in an engaged conversation and we want to continue to ensure we can bring great products and play experiences to consumers all over the world and were doing that we want to ensure that were bringing those great high quality products at the best possible price but if tariffs are enacted were going to need to pass on those costs to our retailers and to the consumer. We hope that it doesnt happen the prospect of it happening has interfered with our supply chain in the short term but longer term the teams are already working on great plans to mitigate that and then to put it behind us as weve done so many other issues related to the changing face of retail. Now, one of the things i love about what youre doing is that we used to look at your business as a one season business one quarter frankly and the other quarters we used to say, look, we know theyre not any good what can you do . With the addition of entertainment 1 and the thought about storytelling, you have gotten away from episodic and are going for traditional quarter to quarter strength. When will people realize that that is Brian Goldners legacy well, part of it as well is that were going to add a number of hasbro owned ips in storytelling from the family brand side which is preschool to the adult side for brands like magic the gathering and dungeons and dragons that enjoy incredible success and yet are only known to about half the world so as you tell stories on great platforms you raise the prospect for those brands and you take those brands out around the world. So also as you look at those brand, hasbro owned ip they make more on operating profit we can generate Consumer Products we generate toys and games and generate Digital Games and so our brands are more profitable than our partner brands. We talked about that a lot in the quarter. As our partner brands grow its fantastic and want to support their brands and certainly have treated their brands like our brands and prioritize their brand force the Fourth Quarter as we had issues getting through the domestic supply chain and yet we dont make as much money there. As you build the business in marriage to e1 youre able to bring more hasbro ip as along with our partner brands to the marketplace globally and we think thats a winning solution. One last question, do you think it would help or hurt shareholders if you withdrew guidance until the turmoil is over well, we dont give guidance. In the beginning of the year we talk about our belief in the year and so we did we said we could return to profitable growth. We also talked about the prospect of tariffs and what it would create in our second quarter, with our Great Results we still spend a lot of time deb thomas our cfo talked about what tariffs could represent, both the deployment as well as just the avoidance of tariffs as it would pertain to our supply chain so weve tried to give people a lot of description i just think people needed to understand in realtime what it meant but also that its a shortterm phenomena and we will move past it we have a great team and theyre ready to go. Im convinced youre absolutely right and thats why once again im so glad you came on i talked at the top of the show about where you can make money how about buying the stocks of High Quality Companies that just get completely hammered for nothing that had to do with this Excellent Team that Brian Goldner runs hasbro, mad money is back after the break. The bull market knows something is overvalued when the shorts and long as grow that a stock is into high when the lockup on insider sales is cracked before it was supposed to, cracked before its supposed to. The only one thing i need you to do, run. Dont walk away from that stock. Run. And when i say that stock, i mean beyond meat ever since the Company Started it was trading 2 in july. Nightmare its lost more than half its value down 106 today. What went wrong . The taste . No, it does need a little spice up now and then. Old bay anding, look, beyond meat frankly, just, when we got it, it never should have been that high in the first place the stock peaked when the Company Reported a Strong Quarter but also it announced a 3. 25 million share secondary including 39,000 shares owned by the ceo who is really a terrific guy, but you know what, hey, this isnt about friends, its about money. Yeah, and lock on insider sales wasnt supposed to expire until the end of the month that was premature im not taking any chances because brown wanted everyone to win on this sale he placed it at 160. That was more than 60 bucks below where the stock had been trading. Discounted and briefly beyond meat popped back up to 169 soon after. You could have had a nice win if you were nimble enough to get in and get out but since then its steadily worked its way lower. You could argue the stock collapsed once we started hearing about the multiple competitors working on their own plant based meat alternative including impossible nestle, i like the chicken fingers there and no, actually i like the tyson chicken fingers and i like the concept all four which have deeper pockets beyond meat that explanation makes it more complicated. The additional shares, the ones that came deep in the hole at 160, that broke whats known as the titus of the short squeeze and it drove beyond meats Supreme Court terrorize from 45 to 239 in just a couple of months why do i say that . Weve seen this story before beyond meats not the first fresh faced company to come public with a rapid growth rate, a ton of hype and far too few shares if anything it reminds me of gopro. When gopro became public in 2014 we heard this was more than just a body camera company. Priced at 24 and one of the hottest deals then it quickly soared to around 90 bucks, about four months later thanks to a major short squeeze. Just like beyond meat. You couldnt locate any shares of gopro to sell short or you did sell and thats what caused the ramp up along with the overly excited retail buyers you cant find stock i found it but then also just like beyond meat, they allowed the lockuppen insider sales to expire early so two founders could sell to a new foundation t never recovered falling to 38 a few months later. Sure it bounced back to around 66 a little bit, right but then in the summer 2015, six months later trading in the single dill i digits i remember being in hawaii when gopro hit 90 on the way up. I popped into a surfing store where i saw a video running of a goat wearing a gopro on a surfboard. A goat when i asked the clerk she said, hey, listen, why not they had just done a showing of a pig surfing with a gopro on its head to me honestly, really a goat surfing on a pro with a gopro. That was the closest thing to a bell going off that i ever can recall about a stock i thought it could reach saturation point theres only so many places you can wear it that i know of i recommended it as soon as i returned if the founders didnt sell stock then it could have gone higher but it was inevitable and it was doomed. The whole move had been propped up by a short squeeze. Once there were more shares on the market from the lockup expiration people could short the stock. They could find the stock and short it and it came right back down i think were seeing the sack same thing with beyond meat. Its really happening, people. It is happening. The moral of the story, building a fortress what matters in these situations isnt the fundamentals if the numbers matter they never would have gone that high in the first place. No, it wasnt until the new supply hit the market. Then thats when they peaked thats what made the difference. And, listen, i think beyond meat can go lower you know 48 million shares get unlocked 80 of the share count. Will this money losing Company Still be worth 6. 7 billion after that lockup expiration if the 3 stock that is. Pro, 3, is any guide, people will find stock. They will find stock to sell shell short the stock and mark it lower so the answer is no hey, why dont we talk to gary in florida. Caller booyah thank you for educating us all i try to make it interesting. Go ahead. Caller reason im calling im in the house of pain, 40 down jmia oh, why gary, why. Why did you want to own that stock . Lets get out of that stock before its too late we got a stock market thats going down lets buy a little bristolmyers. Go for stability over craziness and ronald is in new york. Ronald caller hello ronald, how are you caller im just fine is this jim . Yeah. Caller thank you for taking the call, jim. You provide a Great Service to the Retail Investors so let me tell you about three months ago i took a very small position in crowdstrike. Since then its been hammered. Why caller i dont know whether to sell it, buy more or no, one of my absolute favorite analysts put a sell on it its come down a lot but the whole sector whether palo alto, cyberark oh, my god, even health ther ga favorite scale has been hurt weve got to wait until the stocks find a bottom youll see it when they bounce and then im going to okay crowdstrike but right now free for all. Crowdstrike, google it you see it run as fast as you can when the bulls and bear Say Something is overvalued like when it comes to beyond meat. Yeah, man. This stuff is well, i mean, you got to run fast. Okay, theres much more mad money ahead how is the trade war impacting your video game habit . Ill sit down with the ceo of logitech to find out more. There are more women ceos of fortune 500 companies than ever before the grand total sits at a whopping 33. Im talking to the founders of one Investment Firm that wants to make money and change that and all your call, rapidfire in tonights edition of the lightning round. So stick with cramer alexa, tell me about neptunes sorrow by olivia watson. Alexa its a masterstroke of heartache, brutality and redemption. The mist crept into the pivot hole beside her. Youre late. David what did you think of the book . Its a. Masterstroke of. Heartache. Brutality. And redemption. You didnt read it, did you . I didnt. But i will. The lexus nx, modern utility for modern obstacles. Lease the 2020 nx 300 for 349 month for 36 months. Experience amazing at your lexus dealer. 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. When i see obstacles, i create opportunities. soft music when i see adversity, i find a way. When i hear never, i say now. [announcer] Southern New Hampshire university is education made to fit your goals with over 200 degree programs, flexible class schedules, and some of the lowest online tuition rates in the nation. cheering so when i face barriers, i can break through. [announcer] breakthrough at snhu. Edu. 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 ever since the president really ratcheted up trade tensions this year wall street has been worried about a host of industries that rely on chinese manufacturing Like Electronics some companies have defied the sector which brings me to logitech, maker of computer re riverals like keyboards and mice and highend gaming equipment. Bracken darrells company peaked and got hammered before bouncing right back in the first quarter. Then the trade war heated up since then its been flatlining. Last night they reported and results were okay. The company delivered inline earnings on slighter weaker than expected sales with Video Collaboration and pr peripherals despite a challenging environment. It dipped a few cents but, look t. Could have been a lot worse do not take it from me why dont we go to bracken darrell, the president and ceo of Logitech International to get a better read on the quarter and the companys prospects. Welcome back to mad money. Jim, so good to be back. Well, bracken, i got to tell you youre upbeat but here we go you say this quarter we delivered great numbers, video we continue to perform in spite of the challenging macro environment. Come on. Your stuff tran kens that nonsense, doesnt it it does you know, we grew 6 overall we grew 60 in our Video Collaboration business 6 in our vc in our pc business so, yeah, we had a good solid quarter and despite the Macro Economic noise now, i hook at the revenue line of Video Collaboration. We got to Start Talking a lot more about this. You know what i feel a lot of times weve come and looked at your great mice and know you have low latency and looked at your fabulous speakers and bought those and the jbirds the Video Collaboration. Youre coming in how much underneath the big guys and to me easily assembled and ready to roll yeah, you know, we enable, you know, zoom or microsoft or google, whatever Video Service you want, we come in really for the cost of a couple chairs and you can video the room and save a trip to europe or china. Its incredibly affordable go ahead. Onetenth the cost of the or 1 20 the cost of those Video Conference systems of yesteryear. Dont you have to given the fact that cheap value quality always wins in the end, will we be speaking about logitech as a Video Collaboration company that also has interesting gaming and peripherals . Well, you know, maybe, this has gone from zero seven years ago to its 10 of our total company as you said it grew 60 this quarter so its going to be a big business for us. We think one day this will be a billion dollar business. Well, that would be remarkable because not that long ago, if you had a number in gaming that was not blowout versus even last years comparison because of fortnite, i would say logitech will go down your number was distorted by how strong fortnite was last year and i said, oh, boy, is this stock going to get hit it was just the opposite, people recognizing that youve got a game plan thats far more than peripherals. We are really a portfolio of businesses gaming, we have businesses in gaming, we have businesses now in Video Collaboration and businesses in pc peripherals and music. Earphones so we are a portfolio of peripherals for Cloud Services and that gives us a lot of strength even in ups and downs of different individual markets. We got to talk china. You put some price increases through. How difficult is it to navigate china . Some of the Companies Like hasbro got beat up this quarter. This was the one where the retailers didnt know what to do it seems like the end markets and youve got powerful end markets are confused by the tariffs. Yeah, you know, weve been in china for 25 years weve been manufacturing in china. We have a great market in china. You know, its our number two sales market in the world. So weve as the tariffs have gone through weve done everything we could to manage our supply chain to just go after straight lower cost reductions, raise prices where we needed to in the u. S. And weve made some moves to factories outside china so its been a concerted effort to set o ourselves up to mitigate them. Are you trying as the president wants to get out of china or just kind of slow and steady, youre doing okay, no need to leave a country thats been so good to you . Well, you know, were attacking this in a collection of ways. We do have some exits from china but we also have some other methods to lower our costs and weve raised prices in some places. Now, youve got a lot of consumer goods that dont have to be bought for instance, i love your speakers you can knock them in the water unlikely cell phone and its fine i mean, these are terrific, terrific kind of fun gifts i always give your stuff as gifts. How is the consumer . They still buying . Yeah, theyre still buying. Generally speaking i think, you know, were the cool thing about our business is were sort of resistant to the normal recession or things that might affect other companies because our price points are relatively low. Theyre super giftable its that time of year so please do buy and even where we have higher prices theyre relatively speaking like in Video Conferencing low and save you so much money you can save money as a company if you just video enable rooms and dont fly. Last question, we are still seeing an explosion, correct in esports, gaming, young people getting involved gaming parlors the big Casino Companies are doing it, stadiums doing it. Still early innings. Still early innings i get a message or a call every week or two or three from colleges or high schools that are putting in gaming programs starting with young people and moving up and, you know, its going everywhere i wouldnt be confused by the fortnite effect underneath that the secular trend is still going strong. Stock up nicely i think it should keep going up. I want to thank you and chief innovator because theres a lot of cool stuff here mad money is back after the break. But in my mind im still 25. Thats why i take osteo biflex, to keep me moving the way i was made to. It nourishes and strengthens my joints for the long term. Osteo biflex now in triple strength plus magnesium. Pacifica ted goin oneighbor yes. Takin it off road Station Wagon . You know its an suv i know for fact your suv does not suck. Why is that . It aint got that vacuum in the back we got to go. Vacuum in the back, hallelujah 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. Announcer the lightning round is sponsored by Td Ameritrade 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. Lets start with max in florida. Max. Caller how are you doing, jim . Max, im having a good day. How about you . Caller im having an all right day so far but quick question for you i invested in iq last year and 42 a share. Its now at 50. 50 a share. A chinese Video Entertainment company. Dont you have enough problems with netflix why do we need a chinese netflix . We like disney with that tieup with verizon we talked about on squawk on the street. Alyssa in pennsylvania alyssa caller hello, jim. Thank you for all you do booyah. Booyah back. Caller im just asking about t. E. Connectivity. Im a longtime holder and im just wondering what you think. I think you should stay a longtime holder. Out there making money engineered products. Its got a nice combination of manufacturing and software why dont people talk about it because it was a spinoff. Good call. Way to go. Paul in texas. Paul caller booyah, jim. Booyah caller is my company a buy west rock company . All right, west rock missed a bunch of quarters in a row it does have a good yield. It was too connected to the possibility more of an amazon play yields 4. 8 the good news is that when i was pulling up some executives the other day, they are all thinking about using the westrock ring instead of the plastic rings the bad news is theres still too much capacity in that industry i think its dead money for a bit. A long cycle coming. Not starting yet jason in arizona jason. Caller hi. How are you doing . Im good. How about you . Caller not bad hey, scottsdale, not a cloud in the sky. Cant complain okay. Yes. Good caller i do need an opinion. Mplx. One of the best of the best but i absolutely hate the best by the way enterprise but i hate that group why . Because there is no growth and when theres no growth, people sell. They would rather have the growth theyd rather have the growth of a con ed or dominion or growth of a southern and there we go and that, ladies and gentlemen, is the conclusion of the lightning round. Announcer the lightning round is sponsored by Td Ameritrade and a trade desk full of experts, available to answer your toughest questions. And i see it with zero commissions on online trades. I like what youre seeing. Its beautiful, isnt it . Yeah. Td ameritrade now offers zero commissions on online trades. Tell him were flexible. Dont worry. My dutch is ok. Just ok . Tell him we need this merger. 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. In case you didnt get the memo this is National Business womens week so i want to spend some time highlighting female led organizations in generally male dominated industries especially organizations that are working to empower other women. Which brings me to Victress Capital. This isnt just about doing the right thing, its for profit that will make money theres still a lot of talent being squandered because of discrimination for victress, Venture Capitalis firm and investing in early stage privately Held Companies that early you cant talk about. A closer look with the founders and managing partner Victress Capital miss cashman, welcome to mad money. So excited to be here huge fans of yours what i want to know it is National Business womans week and its the type of thing. It bugs the heck out of me i didnt know about it until you were being booked. What that says is not enough awareness but may something instituti institutionally about where our country is youre helping to change thats right and this is something we care deeply about and appreciate the opportunity to share more with you and your viewers. We came together to form victress around a shared passion to support womenled businesses and female founders do have a hard time accessing capital because theres a massive funding gap. While women start 40 of companies in this country, they receive only 3 of Venture Capital funding. And while sometimes this makes sense, right, not every business deserves Venture Capital funding but when we encounter a founder who sees a huge Market Opportunity and she has a vision and a compelling Business Plan to execute around that vision along with some early traction, we feel that that founder has a right to access that capital alongside anyone else. And we look at at statistics and see that gender diverse teams outperform their all male counterparts both top and bottom line metrics and so with that in mind we came together to launch victress to leverage our backgrounds and help the founders access capital. I started the street. Com and i did study after study about womenled or womendominated boards or boards withmore women. The outperformance was extraordinary. How is it the Empirical Data shows that and yet we have 33 of the fortune 500 are women and women are still in very much minority on boards, explain that to me if youre trying to make a profit well, its a great question because youre right the data across the board, if you have a gender balance team in the boardroom or at the Management Level you will outperform top line and bottom line you know, but its hard and our industry and Venture Capital 75 of the Venture Capital firms out there still dont have a female partner. So that is difficult if you think of Venture Capital, we are making investments in early stage companies, we find those companies throughout our networks our networks are made with people that we either worked with or went to school with or weve, you know, invested in and so those opportunities that come up are often homo genius no one gets your money unless they have a woman in prominence, management. Right, the first filter for us is that there has to be at least one female on that founding team. 19 of the 20 companies weve selfed in so far its been a female founder or female cofounders, thats really the first lens that we look for, of course, we look at all diversity measures but gender being the first. In the meantime, when we look at Different Companies and talk about somersault you know why we do it . We pick the best people, thats why we do it. Thats right. And many have sampled Daily Harvest and liked that and how do you have visibility for these companies, because they obviously are on the right track but its early stage how does an early stage company, instagram, snap, twitter, what do you do . Great question. We think, you know, first they have to understand there is a huge opportunity or white space for their product. So take somersault the two founders saw an opportunity to form a womens travel ware and swimwear company. There wasnt a dominant brand in that space so that founding team, one had deep expertise on the op side and one had it on the branding side and came together and form the it they use technology to really get the perfect fitting suit and then they launched to market and they did speak with influencers and had early customers, they proved their product fit and have great retention rates and theyve grown that company and done a great job of leveraging the fit and the appeal for the brand and what it stands for which is empowering women and giving them clothes that make them feel great. I just spent a lot of time with marc benioff and wrote a book called trail blazers. Ive always felt he is a person that understood the ethos and challenged by two women at his company that said he was juvend paying them and department by department, Vice President by Vice President it was discrimination. Do you see it constantly you know, i think we see it as a funder on the venture firm side or in private equity firms and do believe that sometimes the metric that gets the most focus and attention is do you have a female partner but what they dont do is peel back, is the carried interest, is your compensation on par with your male counterparts even see that time after time if they take off to be at home with kids, that tlts theres a real penalty they pay for that and you can never really get back on track once you give that sdmrup drives me crazy. If youre not a guy youre no good and if you are a guy, well, youre pretending, women are in a terrible spot. We got to change it. You guys are trying to change it. Both we are. I think youll have success you any why, youre making a profit and thats unfortunately fortunately is the we wholeheartedly agree thats lori and suzanne i hope you liked it founding and managing partners of victress for National Womens business week about time stick with cramer. Woman what does the word partner really mean . Someone i can trust. impact, click who is with me for the longterm. Who understands im dealing with lives, not only livelihoods. That in order to help people, i need more than products, i need Quality Support and insights. Can i find someone who partners with me to achieve peoples longterm success . With capital group, i can. Talk to your advisor or consultant for investment risks and information. Some big news tonight about three executive, first mark parker, one of the greats retiring from nike second, john donahoe, wow, you know we liked him forever moving up to take the reins at nike and Bill Mcdermott is coming in to run service now. I want to congratulate all three and mark parker, Job Well Done i always like to say theres a bull market somewhere. I promise to find it for you 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. Who believes every home cook will want her product. Hi. My name is marian cruz