Protesters have created an opening for looters and police sometimes cant tell the difference between the two even from a purely business perspective, youd think people smashing up major retail destinations like the flagship macys would be bad for the stock market, right . Every time the market looks like its about to get clocked we get a stay of execution. Dow gained 268 points. Nasdaq advanced. 59 last night after president trumps fire and brim stone law and order speech, our futures plummet. Declaration of war replete with threatened deployment of the u. S. Army. Thats not the job, theyre war fighters makes you want to sell stocks for certain. Those futures looked ugly. All those images of looting didnt help. The futures stayed soft. I got up at 3 15 a. M. , expecting precarnage. Futures rallied again. An hour and a half later, the futures were up nicely you know what counteracted the pain a 4 rally in the german stock market with several of their borses not far behind. Yes, we actually sang to the tune of the german market. Ive been watching the rest of the world. Many of these countries are flashing bright green. We dont talk about it enough. I am saying the possibility of an aggressive stimulus in europe including the penny pinching German Government where they seem to be falling all over themselves to resurrect their economy by any means necessary is moving our stock market im talking about the incredible turn in china which has had an astounding 11 gain in utah owe sales. Thats gigantic for the economies. How about copper thats huge because copper is a tremendous mover of Economic Activity the biggest market in the world for copper is china. If the rest of the world is in better shape, that is fantastic news for our companies that do lots of business overseas. [ moo and you know what, it absolutely overshadows whats happening here the implications of chinas recovery are enormous. We may be having a real trade dispute at the highest levels, but it hasnd trickled down to american businesses. There was an upward about apple slicing prices for new phones ahead of one of chinas communist shopping holidays. I say hold your horses last time apple cut prices, it took a massive amount of market share. Ended up beating the Sales Estimates for the street [ moo could be happening again tim cooks impassioned plea for social justice st, we havent hd much from the company. However, like paypal, apple pay is benefiting for the detire for contactless transactions at certain Stores People are you can reluctant to hand over their credit cards or put their fingers on encrusted key pads the house of pain dont get me started on cash. The resurgence in the Chinese Market could be phenomenal for us nike gets aggressive spending in china. Have you thought thats why its at 100 i was less than thrilled to see a nike store looted in manhattan as you were. They have a terrific partnership with the Chinese Ministry of education. People in better shape are less likely to get sick or die from covid. Our country is going to janne and do nothing about lowering obesity. America takes a blood simple approach to these issues down here youre on your own our entire agriculture Food Industry is addicted to junk food i expect china to be much less cavalier about this kind of thing. I betnike will play a part in that what else . Ive seen some ridiculous misinformation in the last 24 hours about starbucks and how it lowered numbers yesterday after the close. Not true the statements which freaked people out knocked the stock down came just when things were stabilizing in the u. S. And picking up in china. Dont be distracted by the slow down, alleged slow down in our country. That was already in the numbers. Theres nothing new. Instead focus on starbucks china and its now competitor a fortune operation whose luck has run out. Chinas strength has a lot of ramifications. It can put a bid under oil it has, at 36. It can bolster u. S. Railroad traffic. All aboard. And most of all, a trade can go uninterrupted a few months. It can provide a huge spur for skukt companies. We have Marvel Technology on tonight. That thing has been a horse. China has given money to the 5g chip makers including marvel its not just marvel, though its skyworks. You know that one is so good co corevel. Qualcomm make we can count on boeing orders, caterpillar orders stock acts that way. Or even General Motors these are all laggards they can play catch up with the worlds economy. Dow is off 18 points and c. E. O. Came on the show when the stock was 22 and made an incredible call and said it was time to buy. Even with the auto exposure, auto sales can pick up as refining yes, when you see those spectacularly strong pmi nerves from china when you know someone is getting big orders from america who does business there, whether they like it or not, its going to be dupont. Hey, by the way, we fret so much about teslas american orders, maybe we should be focusing on the shanghai orders as thats where the money is going to be oh, and alibaba had a tremendous quarter. You might have missed it if you were worried about u. S. Legislation, reigning in chinese companies. Alibaba in china has impeccable financials after the 4 run im telling you alibabas quarter isnt reflected in the stock especially after another chinese play reported spectacular Revenue Growth by alibaba. As encouraging as china might be, its europe i find really surprising its been a dog day since weve heard anything good out of europe now the European Central bank and german chancellor Angela Merkel are out doing each other. The germans are always worried about inflation. Right now i think theyre looking at us and theyre more worried about unrest if they dont spend a fortune to get the economy moving again we have become what Everyone Wants to avoid before the e. U. s economy of 800 Million People used to matter, can you imagine if it actually took off . Can you imagine . You should because it has, which is one reason why we suddenly have a weaker dollar so many of our companies have had to adjust their numbers down over the years because the dollar has been too strong now that u. S. Interest rates are as low as europes, our country is no longer being flooded with european money and the dollar can go down. In short, europe has a pulse and its pulse is loud enough to impact our stock market. I cannot recall when thats been the case maybe since 2011 when they decided to save the darn thing all that said im not trying to be a pollyanna here. United states is in a bad 1309 we have a massive unemployment problem. Some of the hottest trends in our stock market look long in the tooth. For now there is a meek rotation, a dead issuance, were getting equity issuance. Weve had a run on auto related. Thats china, not the United States bottom line, our market was sachltd by strength overseas the first time in a long time. China and europe bailed our stock market out i say, who cares ill take it why dont we go to elliott in new york, please. Elliott. Caller jimmy, how are you . I am good, elliott. How are you . Caller im doing well. I want to thank you for the nuts i want to thank you forfang. On a day like today, i want to thank you for the covid19 index. Well, thank you thank you. Were trying look, were trying to explain to people why the s p is not reflecting whats going on its because some of our companies are built for this moment how can i help caller so, i have a stock, its trading for about seven times p. E. , appears to be trading two times over that. 5. 8 yield per the last conference call, the company experienced a massive surge in direct to consumer ecommerce because of covid. Theyre one of the topselling brands on amazon their products are sold at all the essential Big Box Stores sears, home depot, lowes. Arts and crafts projects from home, kits current 1990s fashion trend. Lets not forget the number 23 himself, Michael Jordan with the last dance jimmy, what do you think of this Phoenix Rising from the ashes, jimmy chill, im talking about hbi. You know, it is time. I said no at 20. I said no at 15. Im going to go with it here i think youre right i think that its going to come back along with a lot of the other consumers. I like it. Its a good call elliott has horse sense. Why dont we go to brian in new hampshire. Brian. Caller booyah, jim, from the granite state. You bet, man. Whats up . Caller my question tonight is as extra seneca it has its feet wet in a potential virus vaccine. It has more going on this week with limparza. My twopart question, is it a good time to invest more in astra seneca do you see real Growth Potential in the next six months to a year i have to be impressed. I think you can say, jim, where were you last week this thinghas had a very big run. But it has got it has a lot of things going for it just like you said it only has a few percent yield. Theyve done remarkable things i cannot believe this company has made such a comeback how do you like that the oncology, i watched the stuff from this magazine, online magazine called stat. I thought astra seneca was the most impressive thing i saw. Whenever we think the market is going to get clocked, what do we get a stay of execution. Today our market was saved by strength overseas, particularly europe, but also china on mad tonight, were explaining why certain stocks actually have captured my fancy for you. Then demand for an rvs is high at dealers across the country as americans look for alternative ways to travel and also social distancing im eyeing the bull market and seeing the space as more people work from home Cyber Security is than ever ill find out proof point can help 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 ado dmeyething he tmaon. Cnbc. Com. Yes. The first word to any adventure. But when allergies and congestion strike, take allegrad. A nondrowsy antihistamine plus a powerful decongestant. So you can always say yes to putting your true colors on display. Say yes to allegrad. Were committed to makingrs college more affordable. , thats why were keeping our tuition the same through the year 2021. [student] i knew snhu was the place for me when i saw how affordable it was. [narrator] find your degree at snhu. Edu. Whats the safest way to own the oils now that the price of crude has gone full circle, negative 37 at its lows, to almost 37 today . Its highest level since march. [ moo i have serious longterm reservations about the oil stocks ive said endlessly there are only a handful to endorse. But every time i say that peoples eyes glaze over heres the deal. Most of the oils are too risky for me even with this incredible break out in the price of crude. Younger investors think the companies are destroying the earth. Now that coal has disappeared, oil is next. While the short term future belongs to fossil fuels, and i admit that, the longer term doesnt and we finally have gotten to the point where that matters in the stock market. Thats why im only willing to recommend the best of the best the oils are something really special going for them you have to know this is about suitability. Everything else is simply not worth the trouble so let me take you to the ones that work. Many are drawn to the oil stocks for their dividends. I say dont be stupid. There is only one highyield oil producer that i trust and that is chevron if you go over the last quarter c. E. O. Mark worth talked about preserving the pay out and he has the cash flow to back it up. It has a 4. 5 yield. He walked way from the bidding war with occidental over anadarko it wrecked the dividend and trashed the Balance Sheet. What about the skyhigh yields for the limited partnerships many of those are illusury as for the other big producers, i think its nuts to change their dividends, especially after royal dutch slashed its distribution after many years of assuring us it was fine. Chevron is the only one i have confidence in. Next up, great management, lets go buy Pioneer Resources run by the legendary Scott Sheffield who has been a guest on the show. It hes the lowest cost, 500 per acre in the region where people pay many times that, with 10 billion barrels of oily equivalent reserves put another way, those costs come to 4. 80 per barrel so big gains even at 37, right a lot of the shale lose money, but pioneer is doing fine. Im worried about the dividends of the majors. None of them have pioneer. They would have snapped this up a long time ago. What if youre drawn to growth im going to give you two larger growth companies, Eog Resources and diamond back energy. It has taken it from 36 to 8 riggs. They intend to take it to 6 the rest of the year eog has been more disciplined in the production place its rare to get the stock this cheap. I think its ridiculous. Eog will do better than its peers, still give you above average growth a for diamond back, fang, wall street was disappointed by their production numbers and their cuts to exploration. But i expect them to surprise on the up side anyway in the second half they have cut costs to the bone. They still have 3. 3 dividend, by the way its a higher risk story let me give you my personal favorite oil name, parsley energy, pe it hit its earnings targets and declared it can raise production to meet the Higher Oil Prices weve gotten lately. Parsley is committed to being responsible. An operator, a rarity in an industry that produces spectacular amount of pollution. Go with the best of breed. Chevron, producer with the best assets pioneer growth names with disciplined eog or diamond back or stick with my personal favorite, your 10 parsley which made the numbers and should be able to beat now that prices are up. Everyone else in the oil patch, hard pass. Mad money is back after the break. Need better sleep . Try natures bounty sleep3, a unique trilayer supplement that calms you, helps you fall asleep faster and stay asleep longer great sleep comes naturally with sleep3. Only from natures bounty. Were always on the Hunters Point for bull markets even in the unlikeliest of places right now there is an incredible stealth bull market in the rv space. I think it might be a little too late to invest in these stocks we dont know how long the recession will last or the covid problem for that matter. Its worth understanding how the stocks have caught fire during a very difficult period for the economy. Make no mistake, these things are red hot. After getting slammed being in the lockdown, they come back with a vengeance makers of recreational vehicles are up more than 175 from the bottom and 243 respectively hallelujah. When you zoom out and look at the parts like Lci Industries, a got a question on that the other day. Its up 4 it caught my attention camping. Witness the incredible run in encampmentping world holdings. A major outdoor retailer that does business in the rv category with a stock thats up nearly i know you wont believe this, but its not a typo from me 580 from march. 580 thats not really a rebound. Its up 63 for the year which tells you the covid19 economy is a pronounced economy for these guys house of pleasure whats going on here . The whole rv industry in 2018 nose dived that was the beginning of a tough period for the camping space. Suddenly this group is back with some truly wild rallies off the march lows i have to admit i was hesitant to recommend it at first because rvs could be trusted i mean, my bad i was worried it might be a dead cat bounce or another zombie industry that would have trouble finding its footing in this new shelterinplace economy however, over the last couple of months we got points that suggests camping is back in a big way. When you think about it most forms of recreation are unsafe right now. Even in statements where the economy is reopened, reopening is being rolled back by protests say youre going across the country. How do you know the hotel youre staying at is covid free airbnb camping is the perfect covid vacation not only do you finally get to go outside after spending months cooped up indoors, but you can still practice social distancing, especially if you have an rv one of these things lets you shelterinplace and travel at the same time. It was made for this era so maybe it shouldnt be surprising that the industry has caught fire in recent weeks. In the middle of may, a trade publication called rv business published a piece noting that rv manufacturers were ramping up production listen to this a surprise in retail orders as the u. S. Public seeks to get back some form of normalcy in the wake of a lifealtering pandemic a fact that has been enhanced by a continuing upswing in new retail prospects interested in the social distancing and general control that rv travel offers in a changing world, end quote. Its ideal then the very next day, the wall street journal publishes a piece saying rvs are the safest way to travel. We have been flooded with new inquiries and an unusually high longer rentals lasting one to three months in duration now, if you cant go to work and youre going stir crazy, this is clearly the way to go. Its a lot safer than hitting a crowded beach or taking a cruise im thinking 2020 could be the summer of four industries, the one you may actually know, a bunch of them, you know airstream and winnabego. Campgrounds of america which may or may not have been sponsored content. You know the ads that look like normal stories campgrounds of america, koa owns hundreds of campgrounds in the u. S. And canada. Theyre saying recovery is already here may was down 30 , better than 60 in the hotel industry, the july and august bookings are currently down just 15 . September, its up 50 50 percent versus last year it seems like the v has arrived probably because competing forms of recreation are all considered to be unsafe plus, i cant blame anyone who wants to spend time in the country side right now do you really want to take a trip to one of these big cities . Heres another piece of the puzzle if youre having trouble believing in this rv resurgence, we have lots of ways to check things out on mad money. We checked out google trends where they analyze the top search queries the search for rv rentals near me going back five years look at that incredible spike. We see the same thing when we look up rv for sale near me. Are we clever . And, of course, weve heard from the companies themselves on may 5th, Lci Industries reported these Companies Make parts the c. E. O. Told us, our may looks like about 70 of what we were in february, early march before this whole thinghit thats a lot better than we anticipated, end quote goes on to say, quote, i think there is an unprecedented opportunity for the rv business and marine business alike. Where consumers are positioned today with how theyre going to vacation in the new vacation normal end quote. I wanted to look at boats. When youre in a recession, its really, really hard to buy boats. Now, on may 7, camping world reported, they told an incredibly bullish story the c. E. O. Explained there was a big slow down in mid april that trend reversed. It continued to turn positive through may. Listen to this quote, our lead volume online is up sun stanchionly on some days as much as 50 in terms of our web traffic its up substantially as much as 30 . Were seeing that convert into firsttime buyers like weve never seen before, end quote that is fantastic. The rv realm is too capital intensive. It wouldnt surprise me if in the next 12 months, if we as a company unveil technology and a platform that makes it traditional to enter the lifestyle a different kind of way, end quote, thats not something you do if the industry is struggling the rv stocks have a lot going for them they benefit from covid19 and social unrest. Theyre already, like i said, lets say not undiscovered, all right. However, when you judge them based on earnings estimates, this is the good news, the stocks are far from expensive here Thor Industries sells for 17 they tend to do poorly in recession. Plus we have rising gas prices 37 oil is still pretty cheap. I say keep an eye on thor and winnebago. I do like camping world. Bottom line, we have an incredible market in the rv and camping stocks, were very much late to the party on this. My bad the industry has given a boost, but the stocks might pull back as wall street realizes the recession could be longer than they expected and even deeper. If you like the rv plays, thats when you buy them. Kevin in texas kevin caller hey, jim. I recently purchased American Airlines stock at 244 a share. After listening to one of your recent episodes, you stated we should not bottom fish i love your episodes and highly value your opinion summer is huge for the Airline Industry how much social distancing affects American Airlines stock this summer . Thats the worry. Look, i have decided its okay to recommend southwest because gary kelly is going to figure out a way to do it, but i am concerned about social distancing in airlines and ive not changed my view on that lets go to todd in massachusetts, please. Todd caller jimbo, how are you doing . Thanks for having me on the show oh, good, how about you caller doing well. Im calling about Spirit Airlines theyre down about 67 from the beginning of february before corona hit the individual Airline Stocks have hit a lot harder not hit as hard. I expect spirit would have an advantage to the other airlines given their lower cost structure, cheaper ticket fares and should be primed to outperform my question to you is why is spirit trading at discount its quality. It just doesnt you put that company up against southwest air, thats night and day. These companies do have good managements and lets say not as good managements, reputations that are great and reputations that are not as great. Thats just the way it is like every industry all right. Theres a bull market in the rv and camping stocks keep your eye on these theyve moved up a lot, but they can always come down and you can dough some buying. Much more mad money including my sitdown with proof point is the Company Worth considering as the work from home trend continues . Ive got the c. E. O then its a company up 35 over the past month alone can a move in marvel, mrvl continue and tonights edition of the lightning round. So stay with cramer. Weve seen a remarkable run in Cyber Security stocks thanks to the work from home economy. Most of them have now run so much that theyre pretty expensive. Maybe its time to start looking for Cyber Security plays that maybe lag tag. Proof point, one of my favorites, protecting people because people are what hackers target and also because people make the most mistakes yes, this company used to do just email security. They made acquisitions and woke up their position in Cloud Security they often lagged pure cloud plays like z scaler, okta, cloud strike they gave terrific guidance. Stock surged up to the 130s at the time since then its pulled back more than 15 bucks. There is rotation out of the stocks and proof point hasnt bounced back as some of the others could this be the buying opportunity . Lets take a closer look with gary steele, chairman c. E. O. Of proof point, hear about how the company is doing, where its going. Mr. Steele, welcome back to mmd money. Thanks, jim its good to be here the company goes to the headquarters, protected by smart people do something, thats really dumb, they dont do it you go home, you must be making all sorts of mistakes and the hookers must hackers are all over this. The threat actors have really been leveraging covid as kind of the key lure to fry to get people to click on things, open documents, ets companies are more vulnerable than ever before and theyre responding reserve, it, theyre really smart. They put out the cost of insider globe threats report Something Like 62 , the employees who make simple mistakes that account for this are we that dumb or do we need proofpoint because were scared or dont know what were doing . I think on the insider part of our business, what we definitely see is you have a lot of employees trying to do the right thing, but they make mistakes and that creates risk and vulnerability for the company. So organizations are looking to Companies Like proofpoint to help them solve those kinds of problems its even more exacerbated in this world where youre sitting by yourself in your home office, and you might not always make the best of decisions. Now, if i had youve always been gentile about the competition. If i have the regular microsoft program, it sounds like the customers are telling you, look, i like microsoft, but frankly, i cant live without proofpoint. What does proofpoint do that microsoft doesnt and why cant microsoft duplicate what proofpoint does . Our ability to be able to attack the threats of today, and when the world went to covid, for example, we were right out in front responding to those kinds of issues and they werent seeing it, frankly, across other competitive solutions. Second point is visibility so, we really help organizations understand who those threat actors are that are targeting them then its just a multitude of features that make the controls that we provide to companies that much more compelling to better protect their individuals. Im sorry tell that story every day i also think when i look at some of these companies, they were created in the last three years, four, five years. You went through 2009, you went through the great recession. I think that gives you a little better understanding as an investor why i would want to be in proofpoint than the other guys who were just created definitely, we learned a lot from the 0809 experience we saw the economy contract our customers came back. It was an experience we had that were frankly leveraging into our day to day operating environment today. You have some pretty good relationships in hospitality, in travel, and you have an expertise in health care now, theres been i dont think people realize it, but im sure you do. Theres a health care, Health Care Mandate in this country its been mandated by the government has that hurt your business and when the heck is it going to lift . Yeah, so, we talk about this in our Earnings Call roughly 20 of our customers are in those impacted industries so think travel, hospitality, energy, and then parts of health care and, you know, i think that its probably going to take a year or so, but well get those users back so as companies regain full employment and hopefully in the next year, well see all that come back to us. How about the opportunity to grab from symantec you know, its been interesting. As symantec, in this world of covid where threats are real, imminent, organizations have been looking for change. Thats created frankly opportunity for us we dont think thats a onequarter thing. We think it plays out frankly over several years and youre continuing with the 90 recurring rate which i love so much because i can model how youre doing even in these hard times absolutely. If you look, again, look at our business from a financial standpoint, one of the very most compelling aspects of our Business Model is the fact that 98 of our revenue recurs, and thats frankly why we give guidance for the year. A lot of companies gave guidance in the most recent quarter we feel comfortable providing guidance in this industry. I know youre enterprise, but can you tell our viewers one or two things that they should know if they click on, theyre really going to get hurt . Yeah, really simple things. So, threat actors are trying to steal from you so just think about it as simple as that. Its all these lures that make you compel to click on a link or open eye document, go to the original website, dont click on that link. If you dont know what is oop in a document, dont open it. There are simple things we can all do to better protect ourselves. And does anybody is there any government i mean, does anybody ever go after these guys well, you know, its interesting. The range of threat actors range from state actors, some governments taking action to organized crime to just hackers. And when these organizations are operating on soil where someone can do something, the u. S. Government definitely steps in and makes efforts to shut it down for the most part these actors operate in territories where theres no extradition and theres no ramifications from the u. S. Government. And the government is really after us pardon me, jim . Any particular bad governments . I mean is it iran, north korea still . We see activity across all of those common nation states whether its russia, iran, north korea, et cetera all right well, look, you do a Great Service and you still stay ahead of the competitors, which i love its always great to talk to you. Learn something every time youre on. Thank you. Thanks so much, jim good talking to you. Thats gary steele, chairman c. E. O. Of proofpoint pfpt. Its a winner, going to stay a real winner. Mad money is back after the break. Hey lily from at t here. Im back and while most stores are open, im working from home and here to help. Heres a tip get halfoff the amazing iphone 11 on at t, americas Fastest Network for iphones. Second tip you can put googly eyes on your stuff to keep yourself company. Uh for example, thats heraldo. Hes my best friend. Oh, sorry nancy, i forgot you were there. Get the amazing iphone 11 for halfoff on at t, americas Fastest Network for iphones. 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. Announcer lightning round is sponsored by Td Ameritrade it is time its time for the lightning round. Rapid fire calls buy, buy, buy sell, sell, sell. Are you ready, ski daddy start with matthew in pennsylvania matthew. Caller booyah, jim booyah. Caller all the way from Lancaster County beautiful part of the country. Whats going on . Caller i have a finance stock for you, arct. Okay, we do not know what theyre really investing in. That has caused a problem. A lot of people lost money in these stocks i am not going to recommend it lets go to patrick in iowa. Patrick. Caller hi. So ubs financial, pays a great dividend what do you think . Its not that great dividend, 2. 28 they got out of the auto loan business which makes me think they got out of horse sense. No to ubs. I need to go to anthony in florida. Anthony. Caller jimmy, booyah, from sunny south florida. Very much so, yes caller not that sunny right now. Just wanted to say that. A fan for many, many years thank you for your wisdom. Youre a great man got in a little bit high on arct what do i do talk to me okay. Look, its another rna play and a lot of people are interested in rna moderna is rna its a speculative stock as long as you dont put too much capital in t. Im going to okay it i believe in rna technology. Even dr. Fauci said he wasnt happy with what the moderna guys did when they hyped their own stock. Sell, sell, sell. Lets go to nick in South Carolina nick caller jim, this is nick big booyah to you. Hope your family is safe and well if you see them, let me know. Caller im a relatively young investor, i have my emergency fund, sameingvings, ix funds. What do you think about have you used the spreadsheet . [ buzzer ] theirs is much better. Thats why i think it is a buy buy, buy, buy really smart guys hey, lets go to humair in texas. Humair caller thank you for taking my call. I would like to give a shout out to one of my friends for helping me with money in this pandemic my question for you is regarding my stock, lyft yeah, i mean, look, they have problems in cities you have covid its just a little too much heavy lifting for lyft and that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] the lightning round is sponsored by Td Ameritrade bile p bile p so you can quickly check the markets . Yeah, actually im taking one last look at my dashboard before we board. Excellent. And you have thinkorswim mobile so i can finish analyzing the risk on this position. You two are all set. Have a great flight. Thanks. Well see ya. Ah, theyre getting so smart. Choose the app that fits your investing style. But when allergies and congestion strike, take allegrad. A nondrowsy antihistamine plus a powerful decongestant. So you can always say yes to putting your true colors on display. Say yes to allegrad. Right now i think you need to own stocks that can work regard lieutenan regardless of how things play out with the pandemic or the protests or the governments attempt to reopen the economy. You want powerful longterm themes how about 5g, the rise of the data center which brings me to cramer fave Marvell Technology they have a ton of 5g and data center exposure. Thats why ive been recommending it for ages thats why we own a big position for our Charitable Trust which you can follow along by joining actionalerts. Com club. I put it in the mad covid19 index also known as the cramer covid index. Marvell reported a spectacular quarter. Beat guidance. That sent the stock surging 9 friday, 5 today marvell is up 30 for the year can it keep climbing lets check in with the bankable c. E. O. Of Marvell Technology he had a better read on where the company is headed. Welcome back to mad money. Hi, jim i think you need to walk through our viewers, this is not the marvell of 25 years ago or even 25 months ago its one that really is in keeping with what were watching right now and is playing out in technology yeah, jim, its been, first of all, its been a great 25year celebration of the company this year. But youre right, weve gone through a pretty substantial transformation really over the last three to four years you know, myself and a small team of us joined the company about four years ago and we really set out to transform the company into a longterm player with a real focus around what we viewed as the Data Infrastructure opportunity and i think as you can see, as the strategies played out over the last few years, its extremely relevant in todays environment with now major Growth Drivers for the company at our back, including 5g, cloud, segments of enterprise as well as automotive for next generation opportunities its funny. Automotive was the one that was really the flavor of the day today because china automotive was up 11. 5 i thought of you because when i went over your quarter, the one thing i was worried about, oh, darn, hes got 5g. Data center. He has auto. The truth is that auto can suddenly get hot, right . Thats right. And for us we today have actually a very small percentage of our revenue in automotive but the exciting part is weve now secured design wins for our ether net products which is, think of it as the network in the backbone of all future Automotive Systems we got design wins across 16 different car oems, three of which are going to ramp up this year and the balance are going to be for model year 21 and to your point, while theres been a very shortterm disruption in automotive production due to the coronavirus, there are certainly signs that that situation is improving, and so we believe by the time the car models that were in which are all the brandnew models ramping next year, there are certainly very positive signs of production resuming and i think the first leading indicator is certainly china, china auto with a strong recovery today yeah, i find that china has been a forerunner for everything right now. Now, 5g, a lot of people worried huawei, the government had issues not you, the government had issues with huawei but it turns out that theres more than just huawei. And it looks like that you are embedded or part of the 5g of every major telco company. How did that happen . Thats right. First of all, historically huawei had been a customer of marvells. As you mentioned, due to the entity list restrictions starting last year, our exposure to that customer has gone down pretty dramatically. You know, if you just take the 5g progress weve made in isolation, you know, lets head back to really 2018. We closed a transformational acquisition that year with a Company Called cabium who when we bought it, had one design win on the key component, one major oem which was samsung. Through our own efforts, right, our team, the combined team now of marvell and cadmium, plus a Key Acquisition we made last year of avera semiconductor, we have now secured through our own efforts organically as well as acquisitions, significant content across all of the remaining key four players in 5g systems, and its really a story of a diversity of customers, a diversity of products and technologies that we supply into the radio base stations, a multitude of components. And think of it as pretty much all of the key elements of Data Processing which are very specialized, jim, for 5g marvell has unique technology for that thats extremely differentiated from the rest of the market and yes, youre right, were exposed to all the other oems, which then exposes us to every other geography that is going to roll out 5g starting now and into the future. One last question people should understand, maybe you should explain that, yes, you bought cadmium, you bought another company. At the same time, though, you did sell another company and your Balance Sheet is actually better than it was 18 months ago. Yeah, jim, i mean, ive had a philosophy since i joined, which was i call it solving for value and not necessarily solving for overall aggregate revenue. So even when i first joined in 2016 we did a number of small divestitures in portfolio repositioning prior to the cadmium positioning. If you remember 2016 to 2017, roughly doubled the value of the company. We were able to use the currency to do the successful cadmium deal as you point out, last year we made a decision to divest our wifi product line to nxp. We closed that transaction in december and we were able to actually transfer that business to nxp, which is a great home for our team and that product area, and that was able to not only fund the purchase of avera and aquanta, which is also a key purchase for us for ether net technology, but to your point, it strengthened our Balance Sheet significantly. We added roughly 600 million in proceeds when all of the moving pieces were done so a lot of heavy lifting last year, jim. I mean, we bit off probably more than management more than most management teams would, doing two acquisitions and one divestiture in a single year but i think these portfolio moves plus our own efforts have really put us in a great position now to be the leading company in what we call the Data Infrastructure opportunity you absolutely are. I want to thank you so much, matt, for what youve done happy 25th anniversary you are the best, the best pure play i think also in 5g. Thats my own view thats matt murphy, president and c. E. O. Of marvell technologies, mrvl thank you, jim. Dont miss my friend scott wapner on crisis in america tonight on 7 00 p. M. Eastern of course, stick with cramer announcer tonight at 7 00 p. M. , crisis in america, one seattle Business Owner trying to recover from the onetwo punch from the pandemic and protests plus what responsibility do c. E. O. S have to speak out . And the growing tensions at facebook all tonight at 7 00 p. M. With scott wapner er supplement that calms you, er supplement helps you fall asleep faster and stay asleep longer great sleep comes naturally with sleep3. Only from natures bounty. The covid19 pandemic is creating Food Insecurity on a scale not seen in decades. An estimated 54 million americans will struggle with hunger. With 200 food banks and 60,000 meal programs, feeding america is the largest hungerrelief organization in the country. Join Morgan Stanley in supporting feeding america and your local Community Food bank. Some raggedy action after the bell zoom had an amazing quarter. The stock has run big. Some people are taking profits crowd sfritrike had a fantastic quarter. What are they buying theyre buying what i said at the top of the show, theyre buying the cyclicals why . Because they havent had any sort of run. But second, china and germany are driving the cyclicals. Were being pulled along by the rest of the world. Its something new, and i say dont think about it just enjoy it. I like to say theres always a bull market somewhere and i promise to find it for you here on mad money. Im jim cramer and i will see you tomorrow. Crisis in america, coming up next watch or listen live on the cnbc app. Good evening im scott wapner on day 156 of the Coronavirus Crisis breaking news tonight from the nba as this country gets ready for another night of protests. Crisis in america. Tonight, corporate americas responsibility this has got to be a brandnew sense of Corporate Responsibility plus big news at facebook as workers angry with Ceo Mark Zuckerberg make themselves heard. New details on their meeting are coming out late tonight. Any congregation of crowds