Transcripts For CNBC Mad Money 20240713

Extremely that would send an already sagging market even lower to the weekend when President Trump spoke, he was so mad that the market was able to make a comeback, now ultimately dipping just 18 points the nasdaq surging 1. 29 lets understand our idea of measured response is not chinas idea of a measured response. I think theyre going to see this as a real provocation, and theyll feel compelled to respond, which brings us to the game plan for next week. Mondays all about retaliation from china at this point, we all know how this story goes, right it always is tit for tat every time President Trump lands a blow, its met with a counter blow we have to presume china escalates things, if only to show they understand the end game, which seems like containment or isolation except this time maybe were the ones being contained. For decades we refused to recognize the peoples republic of china and our government treated them like an outlaw or the outlaw that they were. Then president nixon in the 50s went to china, started the long process of normalizing relations with the prc it quickly became something a lot more uneven. China has real state involvement in its economy and theyve targeted industry after industry here in our country crushing our working people, making us dependent on them in all sorts of critical ways that we dont even know about, and thats why President Trump started cracking down on china. I think it made a ton of sense to take a hard line when we had extraordinary low unemployment that was the perfect time to wage a trade war by the end of last year hed extracted meaningful and necessary concessions that i like then the pandemic struck and fairly or unfairly, the administration blames the Chinese Government for letting it get out of hand suddenly the white house is back on the warpath, trying to roll back everything. Its a bad time for an escalation of the trade war. I am no fan of the Chinese Community party with a horrible human rights track record, a long history of corrupt trade practices, stealing our jobs, taking advantage of us, but i am a fan of america having a strong economy, plentiful job creation, strong stock market. Our economy is struggling and any retaliation from china will make it more difficult for us to recover. One problem at a time. Well get them later when were stronger, not when were facing an incredibly serious recession if not an outright depression. Thats why i think you need to weight your portfolio towards health care, the consumer Package Goods place and the Technology Companies that help other businesses adjust to the postcoronavir postcoronavirus, Companies Like zoom video, which tell me you dont know about that symbol, we all know it right now. Right there, boom, were zooming. Out of nowhere, zoom has become a household name its become a verb, its become everything 300 million users, client base that seems to grow like wildfire the stock has been a rocket ship, and the ceo is a rock star that said, the expectations going to the quarter are pretty high, competition from ciscos web x, microsoft and alphabets always breathing down their neck still, you should think of zoom as a market cap story, not an earnings story with that rapidly growing user base soon to be improved by 5g, im betting this company is worth far more. We hear from crowd strike, i expect them to report a mind blowing quarter like the one we got from palo alto from octa and z scale, more on that later in the show these Cyber Security plays are all part of the work from home trend, and theyve had incredible moves so why should crowdstrike be any different . How about the stockpile trade. Did the hoarding phase of the pandemic finally come to an end . Were going to find out from campbells soup on wednesday morning. Last quarter was spectacular, the best in years and that only had a couple of weeks of the pandemic, i say the new ceo mark claus has changed things up with better product, best ive ever seen this company run in my lifetime thats why i think campbells soup, campbells pork and beans is a buy, especially with the Health Crisis morphing into an economic crisis. We hear from another play on thursday, j. M. Smucker, for a while smuckers struggled as it digested a new portfolio as a power house branch sure its a conglomeration of coffee and Peanut Butter and jams a weak economy is a fantastic backdrop for smuckers stock as way for chinas retaliation, were going to get results from one of the companies im worried is in the cross hairs, avgo, this is a semiconductor play thats branched out into software, and its got a ton of chinese exposure it as candy operator to withstand headwinds and has a long track record of rewarding its faithful investors including my travel trust which you can follow the stocks also boost from the powerful dividend. That said, i dont know, the stocks had such a run and weve got this china stuff now, we know that retailers have had some amazing runs off the low. Just turn my back for a second here and the one that i think is the most exposed is gap. That went from 5 at bottom, and it doubled to 10 and change earlier this week before pulling back to 9 today this one might seem like a tempting value play, but that would be a mistake look what happened to the people who tried to bottom fish nordstrom. They got their bell rung, covering some dismal numbers last night, stock plummeted 11 today, hard pass the work from home stocks were hot again, and we hear from two more of them on thursday, slack and docusign slack makes it easy to coordinat coordinate work documents. It competes with microsoft they practically invented this business as for docusign, this is a company thats tailor made for the current moment docusigns software lets you sign official documents remotely, no handshake, no schmoozing boom finally, on friday, we have to deal with one of the most hideous numbers youre ever going to see its one that i think the people in america will not be able to handle frankly its the labor departments payroll report for may we all know weve seen gigantic job losses because of the pandemic, but i bet these numbers will come as a shock to investors who still believe were merely going through a speed bump on the way to a vshaped recovery. I believe the employment number will throw cold water on the thesis, but not drown it entirely without a second round of stimulus for congress, you need to stick with the safety first trade, the recession stocks, they crushed it today. With the new trade war with china heating up, you might want to leave a little room to buy more of the recession proof and cost saving Technology Companies on the way down. Lets start with kyle in california, kyle. Booyah, thanks for taking my call. My pleasure. Caller vtiq in the market next week with nicola motors. Thats a blank check company. Yeah, hes brilliant i typically dont like to recommend these kinds of things but i want to bet on gersky. Lets go to brian in wisconsin brian. Caller hi, jim, greetings from greenfield, wisconsin awesome show jim, i had a question for you. I wanted to get your current thoughts on marathon oil symbol mro. You bought at the right time. You bought at the right time, but i cannot recommend marathon. I dont like their Balance Sheet. I dont like occidentals Balance Sheet either the only oils i like, i like pioneer, i like eog, and i like chevron, which i used to call chevron for no particular reason lets go to stan in texas, stan. Caller yeah, hi, jim listen, i want to tell you, i enjoy watching you on squawk box, too. Oh, thank you thats a good program. It is good. Its fun caller im interested in understanding how the Insurance Industry will be affected by covid and Global Economic downturn when you mentioned financials, can you clarify if the Insurance Industry fits in that category heres what you have to do, you have to go listen to my interview with Evan Greenberg whos the ceo of chub where we went into this really, really in depth, and thats im sure available in the archives on cnbc. Com. Well tweet it out. Well tweet it out. Caller lets go to dan in North Carolina dan. Caller hey, jim, how are you doing . Its a good day in videos, up 15, my dogs doing well. Whats going on . Caller my question is about bhf or bright house financial. I cant seem to figure out where the value or whats going on with that stock. Its got a, you know, 17. 3 billion book value, and it starts trading with a market cap of 2. 9 billion there seems to be a huge disconnect there yeah, but what does that tell us dan, what does that tell us . We can go over it and over it and over it. My feeling since this one came public, this and everything in its ilk right now is under tremendous pressure. I got stocks with tremendous growth doing fantastic things. Why do i need to go into this and find myself into some sort of swamp im not a swamp fox. All right, stick with the safety first trade for now. We like the consumer Package Goods. Let me just, you know, go here this and we like this, okay, those are good, and we also like the health cares and we like the Technology Stocks that take companys money. Thats what you have to do when youre faced with a trade war. On mad money tonight, we have z scale, its closed up nearly 30 today. I talked to the ceo fresh off earnings, top brass, and sales force and costco were greeted with derision, im going to tell you why im going the other way and Marathon Partners Just Announced its launching a proxy fight with elf beauty. Im going to sit down with the Cosmetics Company and find out how its positioning itself. Stay with us kramer. Dont miss a second of mad money follow jim cramer, have a question tweet cramer send jim an email or give us a ssll at 1800743cnbc mi something head to madmoney cnbc. Com. music i got an oriole here. Eh. Common bird. Ooh look over here something much better. There it is. Peacock, included with xfinity x1. Remarkable. Fascinating. Very. It streams tons of your favorite shows and movies, plus the latest in sports news and. Huh run the newest streaming app has landed on xfinity x1. Now thats. Simple. Easy. Awesome. Xfinity x1 just got even better with peacock premium included at no additional cost. No strings attached. Just say peacock into your voice remote to start watching today. I spent a week telling you not to abandon that shelter in Place Technology stocks. Last night we got results from z scale. Thats the cloudbased Security Software thats a member of the cramer covid index because it provides exactly the kind of Cyber Security you need when millions of people are forced to work from home as much as ive loved this stuck from the day i met these guys, i didnt realize how incredible the numbers could be they shot the lights out with far better than expected numbers, the stock surging 22 it wasnt a takeover, it was the earnings, and thats just the latest leg of a much larger rally. We last checked in with management march 19th when zscaler was traded at 52 its now 98. How are they doing so well lets dig deeply with the cofounder, of zscaler. Welcome back to mad money, and congratulations on just an amazing quarter. Jim, thank you so much. Appreciate the opportunity. Now, you were on in march things were looking good, but we didnt know exactly unfortunate will you h ly how bad things would get in the country. It seems like zscaler was made for this moment. Yes, indeed from day one, our vision was any employee should be able to work from anymore so enabling secure work from anywhere was a natural thing for us, and as our customers started to call us because first in china, and europe, we were prepared it gives us a lot of gratification and satisfaction that we were able to play a big role in keeping the economy going because the economy requires people to be able to work from home well, i think there isnt a day that goes by that someone discovers that they need you, the Defense Department just this very morning i didnt think it could get any better and this morning, i know it propelled some of the stock, but that could be a very big contract, correct . Indeed. So the federal government and u. S. Government, we have been working for twoplus years they require some serious certification. We went through certifications that was good for civilian agencies Defense Department has far more stringent. Biu, which is defense innovate unit of dod essentially gave us initial order and that once validated gives us license to sell to any defense in the u. S were excited about it, and will be playing a role to protect our country, our National Security now, it does seem like that this is happening very fast, that we didnt that this pandem pandemic, i thought would take about two to three years its happening in two to three months how is that possible thats correct, jim as market moves to 5g, everyone will have to work from home from where they are because you wont need Traditional Networks and covid made it happen very quickly. The biggest thing covid has done is accelerated transformation. With that applications all need to be in the cloud that can be accessed on anywhere and we become a natural enabler of that to provide secure and fast access so were helping customers, when hthey called us and said 300,000 employees need to start working on monday at a days notice, we were the only company that could do that a Big Insurance Company needed their 30,000 employees to work overnight, our off platform was the one that got them up and running. So very excited about the opportunity and being able to help all these customers our employees have been busy scaling the cloud and handling the customer. When i hear those kinds of names, i know in america people dont realize this is just a gigantic company, what it says to me is you may think were all going to go back to the office once this thing ends, i listen to you and say you are at your office, and if you can have choice, like my friend, Palo Alto Networks was saying the other day, look, its going to be choice. Its going to end up being that youre going to be able to say i want to be at home today, and my office is exactly the same as my office at the big central tower, correct . That is very true now everyone agrees that i think corporate america, the world, the whole world has to get ready for it the infrastructure is still old. It still depends on networks they still depend on legacy security appliances that are holding them back, and what we are helping is help them get to the new world because we reinvented security so you dont have to buy and deploy any of the legacy Security Software, and thats whats attracting tons of customers to us. We had 500 of the Largest Companies who depend upon us for their Digital Transformation, and its a great opportunity for us. Now, was on palo alto where we are close with crowdstrike, zscaler to i wonder is there enough room for everybody . Its a big market, but the winners will be companies built for the cloud. Crowdstrike was built for the cloud. From day one has been the salesforce of Cloud Security they invented how you sell to customers. Service now, those are the type of companies, they change the way tasks are done were changing the way security is getting done, and while theres room, i think overall the Old Technology will wither away over time unless they reinvent i think you and i talked last time you may be the best Company Building dvd players, but when it comes to building streaming, blockbuster may be big, but blockbuster couldnt really do but netflix did, so thats the same kind of stuff we are doing. Youve got the winners. I didnt even get to talk to todd mckinnon. Congratulations. When i saw it, i said i need jay on, jay chaudry. Thank you so much for being on mad money. Thank you very much were back after the break. This is a tempurpedic mattress. And its mission is to give you truly transformative sleep. So, no more tossing and turning. Or trouble falling asleep. Because only tempurpedic uses proprietary tempur® material. That continuously adapts and responds to your body, to relieve pressure. So you get deep, uninterrupted sleep. All night. Every night. The tempurpedic summer of sleep starts now, with all tempurpedic mattresses on sale, and savings up to 500 on adjustable sets. Sometimes the numbers are so obviously great you keep paying up and paying up and paying up thats what youre seeing with zscaler. Dollar tree, theyre doing so well that chasing the stock actually makes sense, and i dont like to chase. But then there are other quarters that are a lot less straightforward. Those are the real opportunities. Were always on the hunt for situations where the market makes mistakes and sends stocks down incorrectly because glooirn that how you get bargains thats how i feel about zbreernls sales force and costco both were treated we derision. Now, i think the sellers just dont get it they dont understand what could happen versus what did happen, and theyre certainly not considering what will happen given the track record of these incredibly run companies salesforce is the most opaque. While the headline numbers were excellent, the forecast was genuinely worse than expected with management cutting their fullyear guidance creating the dreaded headline it makes sense that salesforce c was down about nine points heres what the sellers are missing. Ive been follow thg oing this e for a long time. During a lousy economy in 2008, the company practically invented the cloud. It was supposed to have a multiyear runway how the heck could they just drop the ball like that . Back then the ceo explained that when you have a crisis in the broader economy, you need to show forbearance, take your competitors head on and convince potential clients they have no choice but to migrate to the cloud immediately to save money. The idea being that a crisis is a terrible thing to waste. If they want to take advantage of the opportunity that is presented to them, they needed to get a little more promotional. Thats exactly how things played out, benioff took some of the biggest clients out there, and thats how a 6 stock, where it was when i was disappointed, becomes 175 stock which brings me back to right now. Last night i spoke to mark and he made it clear were in a similar situation. The countrys in crisis. There are all sorts of companies trying to find their way through this difficult period. When that happens, he stops thinking nearterm and starts going big game hunting the great recession, consider me convinced. I think todays pullback represents the perfect buying opportunity, and if the stock goes even lower, buy more. How about costco im a member you might be a member, 55 Million People are members okay, the amazing chief financial officer, he runs without emotion or any kind of flare. Its like dragnet, just the facts man. Costco wants to be the company that comes out of this pandemic with the reputation for being the safest, most welcoming store on earth thats why it spent 239 million to protect associates and you, the customer, from covid19. I think its worth every penny this is a tremendous investment. Costcos mask on policy for everyone in the stores, associates as well as customers along with its 16 foot wide aisles for social distancing, and i think its become the place to take share worldwide. Even as we reopen on the economy, wouldnt you rather shop in a place where youre less likely to get sick . Seems like a nobrainer to me. So costco bites the bullet it pulls out food courts, glasses so they can figure out a better way to make it more safer. Suspends free samples. It will bring them back. What should you do, listen, i love an ice cream story as much as the next guy but confusing situations like salesforce and costco often make for the best longterm opportunities. In both cases history tells mu youve got to buy them when theyre weak im going to tom in new york tom. Caller jim, long time first time excellent. Caller with employees returning to the workplace in the near future and several offices having to open seating plans, companies now have to purchase new Office Furniture or panels i purchased knl and was thinking of investing more because of the expected change in the work space. Im also looking at odp and hni. What do you recommend . I like hni. Herman miller is fantastic the steelcase is good. I need you to listen to the Williams Sonoma Conference Call last night thats the big theme of their company. I need you to consider all those. I know the guys from her man miller best. They are fantastic theyre my pick. They do have a hire in business. I like your call, youve done a lot of homework and thank you for calling in lets go to ryan in new york. Caller jimmy, chill hes got the will, the way to help his fellow investors get through the day. Oh, man, tweet me that one, partner. Whats going on . Caller hey, jimmy, not sure how you maintain the energy to do what you do, but keep it up, brother. I love your show. I love it because there are detractors who are trying to stop me, and thats the best way to play. Caller morning noon, and night. They inspire me, the people who love me get me going, but the real people who inspire me are the detractors because theyve never met any force like this lets go to work. Caller my question, jim is in regards to your thoughts on goldman sachs. The stocks been on a steady climb since late march, and then after the news berkshire slashing its positions in goldman, the stock takes off like a rocket ship do you think goldman might be following the cramer covid19 index and investingaccordingly im going to have to say no to that. We bought it when buffett was selling. Its not clairvoyance. Heres the problem, i dont like the financials, but i do like the jimmy chill references, and i think that little ditty at the top is going to become my theme song when i speak to my executive producer after the show all right. Its sfimple. Salesforce and costco are fabulous longterm opportunities. Now, theres much more money, yes, including mad money ahead, including my exclusive with e. L. F. Koz mecosmetics, ast begins a proxy battle. Then its a Company Whose plat form supports tens of thousands of websites including the new york times, not to mention etsy and you may never have heard of it im going to reveal the name on a sit down with the ceo. And tonights edition of the lightning round, so stay with the chill man. One side effect of the pandemic is that theres been a lot less agitation from activist investors. This year not so much. At least for e. L. F. Beauty, the digital focus values Cosmetics Company that weve had on the show before. Earlier this week a smaller activist firm called Marathon Partners, enough that theyre nominating three directors for e. L. F. s board, its an eight person board the stock has been a significant longterm laggard. Its been next to nothing since it came public in 2016 but on the other hand in the last year and a half, its really got its act together. The stocks up nearly 100 since the beginning of 2019. Its been thriving ever since. Last year the Company Reported a fabulous quarter its because of Digital First brand, theyre perfectly poised to handle the current environment. I think theyre doing a good job, which is why i want to hear the story. Lets check in with the chairman and ceo of e. L. F. Beauty get a clear sense of how this company is doing welcome back to mad money. Thank you for having me, jim. I got to tell you, first of all, its good to see you, and you look healthy and that means a lot, and your companys doing well, and thats what im trying to figure out about what this takeover battles about because you couldnt do better than e. L. F. Is doing and yet, they seem to want three people which then to me would be a payload to owning your company. Give me your side of things. They seem to think that youre under performing i think youre doing fine. Well, thank you i appreciate that, and we do feel great about how the companys doing. I think the last time we sat down together was in 2019, and really this companys been around 16 years, and almost every single one of those years weve had very strong growth in 2018, our company declined 2 , so i do believe that that 2 was a real wakeup call for us to say how do we get back to our roots and what were capable of doing. During that time, we basically put together five Strategic Imperatives weve been executing against ever since im proud weve had five consecutive quarters of year on year sales growth. The only brand in the top five thats growing share right now, and as you mentioned our total shareholder return since january of 2019 is great i love the path were on as a company. I know in your Conference Call you did mention that we saw pretty significant declines in the category thats everybody one of the things that bothered me about the people on the board is that this is a worldwide calami calamity it isnt like something that happened to you. Well, thats right, and i think, you know, certainly in the first number of weeks of kind we saw the category contract quite a bit, and western nwe were not immune to that. In the latest data and the last four weeks being midmay, up 11 in a down category i think it speaks to our fundamental Value Proposition and Digital Engagement and ability to execute. You are very big and getting even bigger in the Worlds Largest retail ner in walmart. I see you everywhere in target this seems to be a tremendous time of expansion for your company. Well, it is, and you know, i think our we have our top two customers in terms of target and walmart are both doing well. Our business with them is really strong in fact, so strong that walmart later is expanding more space on elf as will ulta beauty. We feel really great a lot of that has to do with the Strategic Imperatives, our partnership with them and our fundamental value equation and how well its doing. Were the most productive brand target and walmart carry and we need to keep it that way. I was watching a tiktok video of famous people putting on your makeup can you do that again . There was something i mean, the number of views, and were talking about like billions of views. That seemed like quite a creative thing to do well, i think it goes back to our roots. Were a digital disrupter. People thought we were crazy 16 years ago to sell cosmetics over the internet for 1 each were always looking for different ways to engage our consumers. You and i have talked about the selfie generation and millennials, and we appeal really strong ely to then. The gen z generation is a tiktok generation we decided to do something very different. We created our own eye face challenge creating our own music track, and it has been an incredible viral sensation theres now over 5. 4 billion views over 3. 5 million videos, and i think it really talks about our ability of really connecting with a generation that loves this brand. Now, one of the things thats happening recently is ive had to do a couple of speeches, and i was also at two zoom parties, okay one a sad one, one a happy one, and i do a zoom video with my kids every sunday. Okay and what ive discovered, sir, as something from estee lauder told me, which is that you Better Believe that you need makeup its not just a selfie general ai ration its the zoomy generation. Are you finding that people realize they dont look as good as they like to. Plus, they look at themselves. I dont go on it without makeup. Now thats because im vain and older, but i dont take my makeup off when i go home if im on a zoom. You need makeup for zoom well, you definitely need makeup, not only for zoom but for many occasions we have these products that are prestige quality, these incredible values. A great product for kind of the zoom generation. Its something we uniquely do. Its not only the number one primer in the u. S. , its now the number one face product in the face category in the u. S. , and the reason why is our ability to create these products, primer is 8, the next best product to it is a prestige item 52 and not only is it great for when youre on zoom, but weve been getting these great notes from nurses that say while theyre afraid of putting their masks on to put makeup, the putty primer saved their face. So our strength and complexion in many of these core categories including skin care is doing great things for our business and more importantly for consumers. My wife has it, and we have it in our drawer its just something thats youre pretty prevalent. I dont know what these proxy guys want, but i think youve come through it great, and thats just my view, but one husband of someone who uses it, and i want to thank the chairman and ceo of e. L. F. Bu teauty. Congratulations, sir, youre doing everything right in a very tough environment. Thank you i think this is one where you can win either way heres a sneak peek at what my great friend sara eisen has coming up al 7 00 p. M. On cnbc tonight at 7 00 p. M. , the nations savings rate hits an alltime high as americans stockpile their cash at what point does that hit the economy . Plus, the alabama mayor thats trying to battle a Health Crisis as his city becomes a hot spot for the virus and three Business Owners on their troubles, their hopes, and their path forward all tonight at 7 00 p. M. There are times when our need to connect really matters. To keep customers and employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed network. To help give you the speed, reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. Will it be familiar streets . Or perhaps unknown roads . Wherever you may go, lexus will welcome you back with exceptional offers. Find a lexus for every road at lexus. Com. No payments for up to 90 days on all 2020 lexus models. Experience amazing at your lexus dealer. Okay, give it a try. Between wisdom and curiosity, theres a bridge. Between ideas and inspiration, trauma and treatment. Gained a couple of more pounds. Thats good for the babies. Between the moments that make us who we are, and keeping them safe, private and secure, theres webex. Beautiful. It is time, its time for the lightning round. And then the lightning round is over are you ready . The lightning round, start with bobby in florida bobby. Caller booyah from hot, sunny, and reopening florida, mr. Cramer. Our economys been shut down too long lets get it rolling whats happening caller htgc, hercules capital, what do you think its like a Venture Capital we dont really know what they own. If they came on the show, though, we would, and then id feel much better about it. How about we go to mark in new york mark. Caller cramer, how about a big bronx booyah, my friend . Okay. Caller and a booyah to my son ryan who turns 11 today. Happy birthday. Caller i picked it up at 6, its bouncing around between 7 and 8. Footwear is right in the cross hairs of the whole world were going to take our its going to be a steve miller situation, take your money and run situation. Lets go to richard in virginia. Richard. Caller hey, jim, first time caller, nine years ago i bought i love cognex these are companies that actually make things here. They should be celebrated. Now im going to george in michigan george. Caller booyah, jimmy chill, first time caller and want to say thank you for all your help during this, youre doing a great job. I bought this stock at 40 and havent heard much news about it as more people start to get together, is bud a stock you like i actually like constellation more, got down to a level where you got that constellation with owning a stake in canopy, which got crushed today. I prefer that one. Lets go to chris in new jersey. Chris. Caller booyah, jim booyah. Caller looking to invest my savings and not spending right now. All right, i think coach would like that. I think coach would be in favor of that. Caller so im looking at neo limited, the chinese electric car manufacturer. Tesla, no, nio, no, were not going to do that no its not right you deserve better than that you should treat yourself better dont do that. You have to buy one share, buy a fraction of a share. Lets go to jim in new york. Jim. Caller booyah, jim, and thanks for taking my call. Of course caller got a question regardi regarding energy that i bought a couple of years ago. The stock was relatively stably priced i took my eye off the ball a little bit unfortunately the dividend went up a little bit. I held onto it as the yield increased. So just last month i bought some more for a dollar plus averaging. Okay. Nobles a good company and has really good assets in the end what does it do its in oil. I mean, if you want to run noble up for a couple more bucks, this used to be one of the best run companies in america it no longer is. I need to go to calvin in kentucky calvin caller booyah professor cramer, how are you doing . Thank you for giving me tenure, whats going on. Caller my question is for frontline, fro. Listen, this is a trading vehicle. Its a trading vehicle it goes in and out, up and down. Those are not my style im looking for investments, not training vehicles. I would rather see you in, if you want oil, very large crude its chevron thats an investment always welcome on the show, never skimps on the dividend great operator, visionary. Ryan in mississippi, ryan. Caller booyah, mr. Cramer. Booyah. Caller longtime listener, firsttime caller. My buddy hunter told me about this awesome show. Look, i have a stock thats up 100 in the past month, and before it starts to slowly come back, what do you think about Draftkings Jason Robins is a terrific guy, and this draftkings is a representation of sports coming back i am not going to go against this guy i think this guys got a Business Model to beat the band. I am with the draftkings rally thats right, im with it. And that, ladies and gentlemen, inclusion of the lightning round. The lightning round is sponsored by Td Ameritrade weve heard from tech ceo after tech ceo explain that in the last two months weve seen multiple years worth of digitization as the shelter in place economy pushed nearly all commerce online. Its been phenomenal for the content delivery networks. These are basically Software Networks that make sure the applications you use run smoothly, whether youre streaming media or playing video games or Running Mission critical apps for work during the lockdown when internet traffic surged, this whole industry became more important than ever. Weve talked about cloud flare but tonight i got one for you with a red hot stock that you have asked about, and its called fastly. Their Platform Supports tens of thousands of websites including stripe, shopify, pinterest, vimeo, the new york times, slack among others how good is this business . The company delivered a gigantic sales and earnings beat and management substantially raised their fullyear forecast who else has done that thats a big reason for the stock now being 115 for the year, and its quadrupled from the bottom for late march. With the economy reopening, can this thing maintain its momentum lets take a closer look at joshua bixby, the ceo of fastly. Mr. Bixby, welcome to mad money. Thank you, sir, longtime listener, firsttime caller, its a pleasure. Joshua, thank you so much you know that means a great deal to us. Your company, weve been asked about it, the growth of yours extraordinary, even more important the quality of your customers, they demand excellence, all of them depend on it, and they go to fastly how come were humbled by our customers, jim, and you know, between us its an honor to serve them you know, i think that you hit on it earlier. We are compressing this Digital Transformation period now. Its not like Digital Transformation hasnt been part of our lives for a long time i think the key to understanding this relationship is that innovators are going through this process and this process is we have to transform ourselves, and what that means is first instrumenting whats happening on the web, and then experimenting, and really, whats hamppening, youve seen this transformation. Its not just us, were seeing it with twilio, with slack, is that developers are being empowered as the new decisionmakers in organizations because theyre the ones who are building differentiation, and so we are very honored to stand behind the best of the web and to, as you said, secure and deliver that the reason that were able to do that is because we built a platform built by developers for developers so at the moment that inspiration strikes in the examples like you talked about about the new york times, they are able to come onto our platform, sign up with no friction, start using the product, and the product allows them to bring their code, the code that they write to our edges in order to deliver the best and the most secure performance. Its really about developers and innovators, and i think this trend is not you know, were not just seeing it with us were seeing it across the market so i actually use every single one of your customers i use. How would i know that its a fastly platform versus anybody else sn else there are technical tools that will allow you to see that. We really stand behind what they do and make their experience fast i guess i would tell you if the experience is fast and you find that even on busy times these sites are performing, if theyre innovators, theres a real good chance theyre on our platforms, and i think what were seeing right now in this very strange, very difficult time is that organizations that havent been Digital Transformation first, theyre looking up at the leaders, and between you and me, what theyre finding is those leaders are us, and thats a special moment for us, and i think, as you said, leading to some success in what is a really challenging time for us in our communities. Now, whats it like to have come in in february right before whats it like you landed this ceo job, and literally, what, in three weeks the world changed. Yeah, i you know, one of the really advantageous parts of my role is for the last seven years, ive been building fastly along with fastlys founder and the executive team, so ive been in the room where its happened for a long time, and i dont you know, ive never felt and certainly dont feel right now this is a oneperson job to lead a company thats growing this fast and dealing with this much change so you know, i would tell you that none of us could have predicted the pandemic certainly none of us wished this upon ourselves, but i think from a leadership perspective, in these times of change, you know, you really have the ability to take action. So, for example, we, you know, on march 1st which is a lot earlier than other companies, we closed our offices we stopped travel. We wanted to protect people in our communities. We saw this coming because the innovators are on our platform, and we have such a global view we have this unique almost crystal ball into what the future looked like you know, so we were able to see that these lockdowns were changing the entire fabric of the internet and so we were able, for example, to start ensuring that we had the resources because we consider ourselves a Mission Critical core infrastructure, and therefore, we knew we had to be ready we also, you know, made the decision to, you know, dramatically increase our giving program because given that were strong, we want to make sure we can give so we increased that to 50 million a year to nonprofits and organizations in need, and i think its important for all of us, you know, with our corporate the Corporate Power that we have to be giving back at this time, too. So its been its been hard and, you know, amazing, but these are difficult times, and you know, i live in a community probably like you, which has been devastated, friends and families are out of work, and their businesses are in peril, and so all at the same time our people are suffering through the same things. Thankfully me and my family, and you know, our company is doing well and healthy, but its been trying well, look, i can tell you youre coming through it great i want you to come back on the show next time we have to run, unfortunately, talk about the Digital Divide between rich and poor, which is just another thing that is just sad, sad, sad, but you are doing a great job, and i want to thank you, joshua bixby, ceo of fastly for coming on mad money, first time and i hope many times. Thank you, sir. Stay with cramer. Cared for. Keep your s your customers served. Your students inspired. And your employees closer than ever. Our network is resilient. Our people are strong. Our job is to keep your business connected. Its what weve always done. Its what well always do. You know, the chef here trained in france. Mmm, it shows so good. Oh hey, did you say you needed help with investing . Because i know someone whos really great. And you trust him . Totally. Yeah. We went to school together. Ill check him out on investor. Gov. So, whatll it be . Ill just have the burger. Before you invest, get the full report. Check out an investment professionals background for free on investor. Gov. Before you invest, investor. Gov. A portion. A chunk. With dollarbased trading you can spend what you want, even on just a slice of a share. Go with safety, okay this is not the kind of market where youre going to get the v no matter what people say, theres always a bull market somewhere. Im jim cramer and i will see you monday im sarah eisen on day 152 of the coronavirus crisis. Stocks end another strong month even as the president talks tough on china we will be today terminating our relationship with the World Health Organization. The world needs answers from china. Announcer the president cuts ties with the World Health Organization and takes a harder stance on china. That caps off the dows best week in the last seven. Announcer but stocks keep going up eve