Is two parts to that last night i focused on the major averages are not representative of the broader economy. Something held true today with the dow and s p losing 4. 4 and nasdaq sinking 5. 7 after the dollar skyrocketed something we warned about because the fed made it confusing how much they will keep helping the economy. The stronger dollar isnt great but the incredible v shape rally in the stock market doesnt jive with reality in a world where we still have double digit unemployment tonight, though, we need to talk about the other part of the sentence the stock market doesnt reflect Current Conditions emphasis on the word current why . The market is a forecast machine across the ball and supposed to be appearing six to nine months in the future. Maybe the economy is in rough shape. Let say they reflect next february so what are the odds the economy will be in much better condition by then because some people would say stocks are saying. Thats the key question. Tonight, i want to go over major obvious data points that you and i both know because you follow the market that could help guide us to the answer first, lets start with the most reliable Data Available and thats the actual results from walmart,lowes and target they all reported in the last 48 hours. If you listened to conference calls, you got bedrock take aways. When it comes to big box stores, the consumer is buying pretty much anything thats not nailed down anything home related. Because so many people are stuck working at home remotely plus it didnt hurt there is nothing else to do shopping at these essential stores became essential for your sanity once they rolled out mask policies, people couldnt stay away the other major take away for the host part and this is what made some people think nervous for today. Spending tailed off as we got further along and the stimulus ran out. Only target with the best numbers in the group hence why its stock rallied 17 at 12 , only target made me feel like the boom continued beyond july only target reassured me the other issue, while the numbers were fantastic, i think there is a big catch as targets hard charging ceo pointed out, much of their gains came at the expense of other competitors. They said they took 5 billion worth of sales from the rest of retail but lets bpuzzle over this given costco, walmart, home depot and lowes had good numbers, aside from the big box chains, target is taking from everybody else i say its a sign of the times the rest of the retail is going down the drain it possible to craft a negative scenario thats not torture you can do that. Their gain is everyone elses pain and if congress cant pass another stimulus package, the big box chains could be running on fumes i love the companies are thriving but in terms of forecasting for the economy, it was a mixed blessing second data point. We have an incredible roaring bull market and all things commodity. Oil. Oil has gone up. Natural gas, lumber, copper, you name it. You can see it in the oil stocks which are kind of hanging in there, even though i dont like them you see them in the minors, tech resources. Now i think crude can still go either way prices have been able to rise because opec is holding down production but other commodities are screaming that better times are indeed ahead score one for the recovery next up, the entire housing complex is on fire for weeks that jives with todays Mortgage Application numbers. Housing accounts for 10 of the economy. Come on, its a pipeline that can help us. Wait a second. We say it punches well above its weight i regard it as encouraging i think the housing boom is about more than low rates. I believe people are getting more optimistic about beating the pandemic in the not too distant future but a lot of folks are buying homes to get away from covid hot spots. You dont buy a house unless you feel optimistic, otherwise you rent some people say thats all this is a bubble created by the multi trillion dollar package and the Federal Reserve printing money like crazy i say forget it. It doesnt work. It doesnt help you. Congress and the fed were doing what i call their jobs they created conditions where some companies could thrive but the Companies Truly thriving are the ones that work for it, apple, microsoft, amazon didnt get trillion dollar plus because of the fed and honestly after these moves, i can create a story, which says those stocks arent that expensive. Of course, the other thing about the recent rally is what i mentioned last night it is heavily weighted in favor of the tech stocks when the economy is stagnant. Five Tech Companies make up 25 of s p 500 thats hardly diversifiediversi. The strength in housing is encouraging and strength in tech, not so much. The thing about this market, its the continued weakness in the financials they cant get out of their own way. They are so far away from their highs its incredible. I would feel a heck of a lot better about the economy if the big banks went up and Financial Technology stocks went down. I think the weakness in the banks is far more important than apple hitting 2 trillion or Home Builders rallying or or commodities going higher and credit risk can hurt let put it together. Is the market predicting a boom . Its possible. But there is one huge caveat whether were talking about home buying or consumer spending, everything comes back to covid19 im going to give positives. If you believe regenerons trial can cut the death rate down and you believe everyone will be vaccinated in six months because so many Good Companies are working on vaccines and if you think congress will pass another stimulus package to bailout millions of people that lost their jobs and Small Businesses in danger of going under until we get the vaccine, then, yeah, we could be in for a boom. And it could be in great shape it being the economy by next february me, i think its more complicated. The pandemic caused permanent changes in the economy and if they arent rolled back, you may not like where were headed. If Small Businesses didnt exist and we had walmart, amazon, home depot and lowes, if we didnt have a huge travel and leisure and dining industry supported by small business, then i would feel great about the future right now. But you see Small Businesses are important to the Economic Future and right now, thats what is being eroded if not wiped out. That makes it harder for me to be optimistic because sooner or later that pain will make its way into the market, most likely via the banks which is what those stocks do so poorly. The bottom line, i think the economy will look better six months from now but based on the action in the market, its probably not going to be that great. Ill start believing in a v shaped economic recovery the moment we get a v shaped recovery in the bank stocks but not before until then, the real boom will only come with a vaccine Everything Else is either artificial and about to run out of gas or digital which is good for the stock market but very bad, very bad if you get obsoleted because of it. John in arizona, john . Caller hey, how are you doing . John, im doing well. Trying to figure it out like everyone else. Caller looking at tiktok im wondering your take. Ive been saying i broke the story not that ill get credit but thats okay i broke the story the white house first of all, oracle is interested and right now oracle is not valued as having a good Cloud Business no matter how much Larry Ellison says. If they get this business and keep it separate from china, well think oracle deserves a higher price i think if you own oracle, hold on lets go to dave in florida, please, dave caller hey, jim. I love the show and have a 10yearold son named james and he hates when i call him jimmy chill. He should like that thats the name my daughter gave me when she realized im completely not chill caller making the case for Great Outdoor stocks. Yes. Caller i like to see them a lot and had a great quarter and went down. Callaway because golf is a great social distancing sport and winnie and all three stocks have been flat or down since i bought and im wondering if i should stay long or you want to it unfortunate the fact is these are companies doing really well and doing well because covid is not done and acting its toll on our country and i think that if you own those companies long enough, things will come back im in the concerned lets go to daniel in new jersey, daniel caller thanks for taking my call i accumulated a big position in may and planning on selling around 30, 63 a share and an earning report, the price dropped. I want to know is this a good company to be in long term or should i start selling no, no, no, no. I beat myself up about it. I had big wins but action alert won this 6053. People have to listen to the conference call. They had issues in trying to get the right merchandise in and reconfiguring stores for covid they will have a fantastic christmas, they simply did not tell the story right in the headlines but did in the conference call, which very few people bothered to listen to i think the economy will bounce book thats what the stocks are telling me but maybe not a strong bounce back because you know what isnt cured yet. On mad money tonight its an under the radar player in the fight against covid supplying medical oxygen as a treatment for what this virus can do to you and a price target with a grain or a box of salt and at home stock soared more than 470 up 1500 from the bottom can the Home Improvement trend push the stock higher . Im talking with 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 mad money at cnbc. Com or give us a call a 1800743cnbc. Miss something head to madmoney. Cnbc. Com. Tmobile and sprint have merged. Now tmobile has thousands more locations across the country. More towers and more coverage than ever before. Tmobile is americas largest 5g network. With more 5g coverage than verizon and at t combined. Experience it now with our best deal ever. Unlimited for 25 dollars a line for four lines with 5g access included. Its time to join tmobile. Simon pagenaud takes the lead at the indy 500 coming to the green flag, racing at daytona. Theyre off. In the kentucky derby. Rory mcllroy is a two time champion at east lake. He scores stanley cup champions touchdown only mahomes. The big events are back and xfinity is your home for the return of live sports. Some of my favorite stocks belong to companies with little competition. When you dont have rivals, its easy to make money its created by a merger and the a. G. In 2018 i was shocked that the anti trust regulators let this go through but thats usually a reason to buy the stock, which is why i told you to buy the new lindy trading in the 150s. The stock is at 247 after barely skipping a beat. Like host most industrials, thet slammed but came roaring back where it was making highs. When lindy reported a couple weeks ago, they shot the lights out because volumes were down substantially, the company is able to raise price, something you can do as part of the company and honestly, there is a lot more upset do not take it from me let check in with steve ainngelt get a better sense of why the company is holding up and why i like it so much. Welcome to mad money. Great to be here. I watch you all the time. Thank you lets go to it you have a very resilient business it almost not right to call you industrial because that implies youre cyclical but most people dont understand the need, the necessity of Industrial Gases so maybe because its your first time you can tell people why youre so important and ent important to so many economies. Thats a great question in the health care space, we provide medical oxygen and respiratory therapies that obviously are in demand with the type of situation around the world with covid19 and provide steel making oxygen. You cant make steel without oxygen your nitrogen is used in the fabrication process, chip making process and hiydrogen is used in refining and im sure well talk about it in respect to clean energy when we get off this call but today, we sell Copious Amounts of hydrogen. We want to get to hydrogen but you brought up the elephant in the room covid. I was surprised. The actual amount of people using lindy oxygen versus who i thought might have to because this is far more dangerous, sadly this will be oxygen will be a demand for a very long time after people leave the hospital, sir, and that is sadly but Good Business for lindy. I agree with that, jim. Its a service that were happy to provide and proud to provide. What happens as a result of covid, hospitals were overwhelmed with patients and needed to be able to transition patients out of the hospital into a home environment. We operated lind case, the largest in the United States and we set up protocols and work with the government to take patients out of the hospital and relief that capacity and treat them in the home with the number today, six months ago we would have been treating them and today its 25,000 and growing unfortunately its growing quite rapidly. A friend sadly using lindy, there is something between getting over it and dying and often involves compromise lungs of which you are important if a person is going to walk upstairs its a business that weve been in for sometime, and portable and we have clinicians, technicians and provide respiratory home care and we end up being a very important second line of defense for hospitals. Absolutely. Lets talk about something that our viewers are so excited about and its not just the Companies Like to be clean, come on the air waves and say they have esg credentials and say there are Companies Like lindy that are actually players in the Hydrogen Business today you dominate hydrogen. When we speak about hydrogen fuel, the clean fuel, we should be thinking lindy. Great point, jim. We have a multi billiondollar Business Today and weve been in the Hydrogen Business for decades. Were a full Service Provider. We produce the hydrogen. We can transmit the hydrogen we can store the hydrogen. We can take it from gas to a liquid back to a gas we have hydrogen for fueling stations you know, were a full Service Provider and were investing in technologies such as electrolysis that will enable what people refer to as grain hydrogen of course, hydrogen does not have a color, its colorless but a great sense of energy and green means there is no carbon content anywhere in that production process were investing in Green Hydrogen, today were a big player you may call Gray Hydrogen which would be made from natural gas and providing molecule the, refineries early on but also were providing that hide gydrogen to places like cha and the rest of the world. Were a player weve been a player and well be a player going forward. What would it mean if 1 of the long haul trucks in this world switched to hydrogen if 1 of all commercial vehicles and the point you make i think is a good one, which is heavy haul trucking, particularly longdistance heavy haul trucking is an excellent application for hydrogen and if 1 of all energy used today for heavy haul trucking was converted to hydrogen, that equals about 20 billion per year consumption of hydrogen itself and of course, you got the infrastructure that needs to go in place to build that out 1 is a 20 billion per year market and so obviously, these are staggering numbers when you think about it. One thing people should understand with lynn caind care youre everywhere, i felt jealous for a moment that china is doing so much with lindy and hydrogen they seem to be ahead of our country. You know, its interesting, jim. Obviously there is a lot of press about the e. U. And they came out with their Green New Deal and, you know, it was excellent work providing a good regulatory frame work in europe and youll hear announcements from each member respect to their Hydrogen Strategies it doesnt surprise me countries in asia are moving first south korea has a big focus on hydrogen mobility. They dont care about the color of the molecule. Its colorless but carbon content and want to build the Hydrogen Economy first japan is very similar. China, which is kind of typical the way china approaches this, they spread their bets out their pursuing hydrogen for transportation we just signed two agreements very recently. One is with the largest power company, Renewable Power company in china its near beijing. Well build electrolysis equipment which takes water and electricity, renewab bable powel make Green Hydrogen. That hydrogen will be used in buses, 300 buses im told and i dont think this is all they plan on using it for but lets say 300 buses that will shuttle back and forth between beijing and the great wall during the olympics so well have Green Hydrogen in production filling up buses starting really towards the end of next year thats one application then you go south at an area where we have a long standing relationship with a c nook, the Third Largest oil company in china. They came to us. They have hiydrogen in the refining process they want us to take it, clean it up, transport it and build refueling stations we have that capability and jointly well serve the Hydrogen Market there thats two examples were removing quickly in china. Weve got to run. I would say from now on people say i want to own a hydrogen play, ill say own lindy which is hydrogen and a lot more because i think that you guys are at the top of the game ceo, thank you for coming on mad money. Thank you, jim, glad to be here. Now you know why we like them so much. Theyre the future mad money unmoney is back afe break. Blatch. Let me tell you about the analyst dill l analyst dilemma. When your stock hit as target, do you take a victory lap because it got to where you thought . Do you ignore it or raise your price target because its going up and you dont want to leave the party . All right. This is genuinely a tough decision im not making support of it we run an investment club, actionalertsplus. Com and always difficult when a stock we like outruns our price target i believe in staying disciplined so unless the fundamentals changed for the better, we take part of the position off the table and raise the price target trying to figure out why it going up and nailing it. In a way we split the difference we dont want to be too greedy and we dont want to miss out on a big move thats not how it works on wall street with a few notable exceptions, most will blow through your price target and roar and that creates a situation where the analysts are pet fied case in point, target. Which surged 12 after a magnificent quarter. You know how hard it is . Thats what some analysts did on the way up they were trying to be responsible but downgrading target for the quarter is a huge mistake even though its been up a lot already. Most analysts have given up. This morning alone we got multiple price target bumps on home depot good numbers and sales force, workday, palo alto, cybersecurity, single price target bumps in nike, disney, way fair, Cramer Family fav. There is no rigor in this analysis but it working. These analysts dont have the luxury of 134rsplitting the difference they arent running a poort foll portfolio. They are issuing stark recommendations. Whats the solution . After the shortest bear market, you need to turn the process on it head. The more typical market weve had seems reckless what was reckless before is prude prudent. The real discipline is trying to come up with a actual hard reason to raise the price target and not just saying there it goes was it responsible to downgrade ahead . No it actually lacked rigor and they understood the pandemic and they have terrific management. I was wrong to bet against them. If your channel checks shows sales force is having an amazing quarter, you have the ammo for dignity and intelligence but if youre trying to chase the momentum, well, you better be willing to admit it. Unfortunately, im seeing trend follower analysts that refuse to cop what they are really doing, surfing the momentum wave. You got to be honest because momentum can be fickle as those who early on found out by the close. Take the price target, okay, that whole bump game with not just one of the shaker mccormicks but a box unless there is something truly new at work and for almost all of todays price target bumps, there wasnt then you should actually disregard a price target bump and just consider some of wall streets mumbo jumbo this will be played by blind bulls and sooner or later for almost every stock, something does go wrong. Much more mad money ahead including a retailer heading higher in an uncertain market. Dont miss my sitdown with at home and Analog Devices help power a number of products that make your life easier. You just dont know it i have the exclusive and all your calls, rapid fire tonights edition of the lightning round so stay with cramer. Introducing stocks by the slice from fidelity. Now you can trade stocks and etfs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. The big story is the pandemic is fabulous for a whole host of Companies Even a huge problem for the broader economy or human life. I said covid ignited a smoking hot bull market in housing and things housing related as people flee from densely populated suburbs to space when you get a new house, you need to decorate this is a retailer falling apart. The stock was ocbliterated and the Stock Plunged to 1. 20. It come roaring back and people have spent more money making their homes a Pleasant Place to be or work in. Sure enough, at home istacular s since then the stock launched into the stratosphere and went to 18 today. Its 1500 from the march lows and selling at 13 times earnings cheap. We got to ask does the stock have room to run lets check in with the man that said dont worry, be aggressive. The chairman and ceo of at home to get a better sense. Welcome back to mad money. Thanks for having me. Youve been a believer the whole time but now everyone is saying hey, it was a one quarter only dont worry, it going to start going back down, the same store sales will be miserable. Can these people really see that gloomy a future . Not for us. Ill tell you, for this sector, it growing obviously, there is a lot of nesting. Were all working from home. The category is strong but were out performing the industry. We had growth over two and a halftimes and finished the quarter strong and saw them. I heard about retailers and off record not on if you have white aishave hahav have wide aisles, speace, peopl feel safe. Your stores are big. You can social distance in our stores we have oneway aisles and sanitation and we we are masks, customers wear masks it a big store over 100,000 square feet so you can feel comfortable shopping with us. What do you do with the way fair problem meaning that way fair stocks are more because people want online. What can you do . You can pick it up do you need to make the push to be online or you can just really have a place where people go, they see, they touch, they buy we did add e commerce and ended the First Quarter and we thought we would have to close to stores. We accelerated that across our stores come march 22nd. We added pickup in stores, curb side pickup as well as nextday delivery starting at 10 those increased Access Points for our customers, made people feel more safe shopping with us but they can still come in and see, touch and feel the items. We have accent pieces and make sure the rug matches the lamp and so on. Thats why we bring it all together in one store. All right how do you this is on page ten. Youre the low price leader, same style, similar. How do you do it and not run a foul of tariffs to get this done well, weve dealt with tariffs. Obviously, last year that hit us and we had an impact on our earnings and same store sales growth and had to reset our own Business Model and focus on lower prices and make sure the assortment was sharp what we do is make sure there are cost structures. We have the lowest cost structure in the industry so over 16 ebitda margins show we keep the price structure tight. Have you moved some manufacturing out of china to places that are cheaper . We have weve diversified and continue to look at domestic sourcing as well and continue to look at ways to direct source to factories to bring the cost structure lower. It seems like that you have the scale to be able to tell some of these Companies Like the delivery compancompany, were nt paying those prices and they do what you want. Great partners for us we need to find a cheaper way to get it to their home and said we need to start at 10 it used to be a 49 start price and brought down to 10, more people have been able to access that and in the end, we want to make people feel comfortable shopping with us whether thats in the store, curb side pickup or at the home we can meet the expectations. Just this evening sales force said look, were having people work at home at least until july of 2021. When you hear things like that, dont you think, you know what that means more people redesigning their homes, more people making it so that they have offices, more customers at home. Right we think this will be a multi year phenomenon. This nesting instinct and being more at home and working from home people feel more comfortable that way comfortable and finding it more effective to work from home and helps young families balance work and family life and weve been able to support that and our assortment has been able to help them feel more comfortable in their home at lower prices than anyone else. One last question, people think target offers low prices and they do and people think amazon offers low prices and they do but you gave us price selection, you come under outfits like that. We do we make sure we have the lowest prices every day below other peoples sales prices that helps people feel comfortable when they decide to shop and people are more discerning when and where they stop they can come to one store knowing they have the lowest prices out there and thats what we do. Lee, i got to congratulate you for sticking by your guns. Doing what you did and people say you got lucky. Uhuh, not luck. You stayed in the game and now youre being rewarded. Lee, thank you, sir. Thanks, jim thanks for having me again. If you think this pandemic is going to last as long as outfits like sales force, you have to think about things like home. For skin as alive as you are. Dont settle for silver gold bond champion your skin it is time, it is time for the lightening round buy, buy, buy, sell, sell, sell and then the lightening round is over are you ready ski daddy . Time for the lightning round start with william in michigan, william . Caller hi, jim, thank you for taking my call. Of course, how are you . Caller good, good, thank you. Im a firsttime caller. I bought this stock back in april at 5. 91. Since then its been in a trading range. The stock dropped to the mid sevens i purchased it with a longterm vision due to the telehealth benefit. Should i hold on why why hold on . Go buy livongo if you want to be in telemedicine, that will be king thats where i want you to be. Lets go to cliff in texas. Caller booyah, jim. Booyah, cliff. Caller got a question. Is the paradigm shift have a chance to compete with pod cast like spotify why not just buy spotify . Why bother to compete with spotify . Buy spotify. I like it. Jamie in oregon, jamie caller hi, jim hello from cold living in oregon. There you go. My daughter lived in ashland we loved it. Whats happening caller thanks to you, im diversified and looking for a stock in the pet Care Industry to hold on to. Should i go with a medical side like pedmed or fresh pet or c w chewy or both. I like all those. I dont really think youre going to go wrong. I like pets, pets id probably pick chewy. Hi, jim i need help with omem. Feels like the next teledoc. Another software play this Time Software for Insurance Industry you can own if you want to there are so many of these and i feel like they go down all together i dont want that right now. Let go to scott in minnesota, scott . Caller mr. Chill. Yes. Caller heavy on the mr. Right caller i bought this stock this past march at 80 it currently trades between 62 and 66 do i stay chill for the long haul, collect a dividend, let it get to 66, sell and buy it back at 62, buy more to average down or just get out . That stock is tyson foods. You called me chill i wish you hadnt asked me about that stock because that stock is chilling for me. Its an under valued stock but they made a mess of things so id like to recommend it based on the fund mentals and chicken prices but they they were obliterated by covid and it became sinclairs jungle i cant recommend it because of that paul in illinois, paul jim from the land of lincoln. There you go. Caller thank you for all you do for us individuals. I have a twopart question recently a caller asked about a stock you said to hold on to, it was a hot stock. Me and my brother mike have both researched that stock and bought physicians in it my son jonathan, he and his Fraternity Brothers are looking at it. The stock is switch Data Center Data center. Tonight on the invidia call. Its not cukilling it but think about the longer term. Lets go to kyle in new jersey, kyle caller booyah chill man. Yo, yo. Caller i have a position in sonos and hoping to get a boost but my shares dropped 10 . I was surprised at that its a good company. But i think you will have to wait now until the next quarter, which i think will be bigger than this one. It just it aint going anywhere lets go to david in illinois, please, david . Caller hey, dave in lagrange, illinois. There you go. I need your thoughts on a Company Called activation blizzard. I think it will have a fantastic Holiday Season you should own it. This group trades incredibly wildly, most people dont have the stomach for them so you have to strap yourself in if youre going to own active vision blizzard serena in new york, serena. Caller booyah, jim. Booyah. Caller how are you good, how are you caller great im calling you from harlem, new york city and ive got to thank you for deeping yokeeping your e pavement before the cement is laid out. Thank you. Caller listen, in the cannabis industry for awhile youve cheered on canape growth. Great stock, however, i think you may be forgetting their canadian opponent. It an old friend erwin simon. I recommended it yesterday stock up 25 i cant say hey, go pile in on that its okay. Its okay. I would say the canadians are so hard to own and that, ladies and gentlemen is the conclusion of the lightning round. Announcer the lightening round is sponsored by t. D. Ameritrade i see an unbelievable opportunity. I see bestinclass platforms and education. I see awardwinning service, 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. Last moment we learned Analog Devices, the Semi Conductor company with cars, aerospace, consumer products, telecommunications, wow for me i wanted to hear since this transaction was announced. Its one of the hardest part of the market to make devices a bigger player in High Performance analog chips the company is good shape and preannounced great numbers and beat the already raised estimates. Whats the future like after the maximum integrated products deal lets drill down with vince, the president and ceo of Analog Devices to get a better sense of the quarter and the maximum acquisition. Mr. Roach, welcome back to mad money. Thank you great to be here. Vince i love your business, autotive, industrial, communications but looks like the Communications Part is an annuity. Youre embedded in pretty much everything coming 5 g. I dont knanyone that has more annuity stream than you do in 5 g. How did you get that thank you it multi generational systems and playing in the market since 1 g. Ive been following and with the company for 24 years and been involved in 1 g, 2 g, 3 g and 5 g. It a complex technology, sophisticated technologies we bring to bear so a lot of demand, know how knowledge how to build the radios in a format that increases performance, generation by generation decreases power, decreases cost, decreases footprint so its accumulated knowledge and capability over decades. With maximum its only going to get better. One thing i love about your deck when the deal came out, 4 g to 5 g is equal to four times the content opportunity. This is how were going to be thinking of analog but other things i like as much. You know, each generation becomes more complex and there are many, many more channels for radio in a 5 g system versus 4 g. You have antenna systems, Steering Systems 5 g also has Microwave Technology for point to point communication so its a huge upgrade in terms of the opportunity for the company and were very, very well positioned with the technologies to be able to span the gigahertz spectrum. It not what people want to talk about but i want to talk about. I dont think automotive will be kept down for long it will be the next leg of the bull market. If automotive comes back, there is a tremendous amount of business analog will do, correct . Well, thats correct. We focus on the electron anybodys. We focus on the electric vehicle for example and we have a lot of great technologies we bring to bear so, you know, the increasing content, Semi Conductors and software are the future of cars thats a way to think about it so all the intelligence, the whole bedrock of what is in the car in terms of the user experience, intelligence, the driving experience, that is all being if you like enabled by Semi Conductors and software these days so that content is increasing year by year. We play between the physical world and the Digital World there are more and more senators being used and a great intersection between the technologies we have and the needs of the car countries. The future belongs to the electric cars. Our view irs are possessed and recomme recomme recommend ev play. I want to talk about Battery Management you guys own Battery Management. Thats in all e. V. Cars. We have a strong position we have the highest performance and battery charged and battery states and were on our fifth generation we introduced a wireless version of the system that enables the reduction of wiring harnesses and the battery takes reliability and configure of these Battery Systems in many, ma many, so i see many generations, upside as the pep trags of tn t electric car is a small portion so we have a long way to go. In the early innings of the electric car but my sense is over the next ten years, perhaps 20 of vehicles will be electric from kind of 1, 2 today. One last thing. Everyone seems to be on these earnings calls captivated by your china exposure and what is at stake thats actually a reason why your stock is not higher people should forget about that. What they should be thinking about is youre indispensable, not that youre a political football i dont know why they drill down on that. Do you agree with my analysis . Thats correct. Adi is an invasion center company. Weve been inviting for 55 years and highly diverefieversifiediv. We have 45, 50,000 products used and serve many, many hundreds of different applications and wherever High Performance analog is needed, irrespective of the geography will be there. My sense is perhaps people are paying too much attention to the china exposure but we aare pe pervasive in all applications at the high end. I think this deal will be as fabulous as the last, which i recommended then each time because youre so good at this vince is the president and ceo of Analog Devices. Great to see you, sir. Thank you, jim. Great to see you, too. You want a lower risk company that will go up over time, adi i used to say that about Texas Instruments but these guys did great acquisitions and make them grow faster. Mad money is back after the break. We renovated the guest room, so you can live with us. Im good at my condo. Well planned, well invested, well protected. Voya. Be confident to and through retirement. Right now, switch to tmobile and get four lines of unlimited for just 25 bucks a line. With access to americas largest 5g included. Thats right. Unlimited and nationwide 5g for the whole family for just 25 bucks a line. Only at tmobile. You want an opinion on invideo. It will be tomorrow mornings business, invidia. There is always a bull market somewhere and i promise to help you find it. Ill see you tomorrow. Narrator its been 10 years since shark tank ignited americas entrepreneurial spirit, and were still blazing a trail for those who take their fate into their own hands. Tonight, sara blakely, the founder of spanx and one of the wealthiest selfmade women in the world, returns to the tank. I see so many similarities from my journey with you guys. Both thank you. Youve made no money. Thats very depressing. Oh. I feel like im at a wake. [ laughter ] both oh, no its really starting to come down when youre first starting a business, make it, sell it. We sold 20,000 units in four hours. Wow unbelievable. This is your moment. Yes or no . Well make you proud. Aah i cant see i cant see i actually think im growing hair on my chest