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Even as it isnt certainly my style to radically overpay which is why im not going to sweat how the ipo of year, twitter, traded today. Otherwise soggy session. Dow gave up 115 points. S p drop 1. 32 . Nasdaq declined 1. 9 . You most likely all know, the Company People thought would open at 22 a share a few weeks ago which opened at 45 and change today. You watched the saga today with a jaundiced eye as i did. It was imperative to put the kpans stock within the valuation confines of the other industry in industry, social mobile and cloud space. As someone schooled in relative evaluation, meaning how does twitter fit in with the rest of the cohort even if the cohort has scarcity value, i arrived at a 28 price in the cool of the night that i felt wasnt prudent to go above. Because thats what the universe of facebook, yelp and cloud plays yielded as being reasonable. I reiterate buying the stock up here is not prudent because of the kind of analysis ive been taught and almost always done me right. Heres how that analysis worked. Take a look at the Revenue Growth and potential growth of the earnings. There are no earnings here. We match it up against the prices of the other stocks in the industry to reach the conclusion about whats in line and what isnt. This is not an idle exercise, people. If we look at the stocks of kimberly clark, colgate and general mills, traded 18 times earnings but clorox, Slower Growth characteristics traded at 25 times earnings. You know what we could do . Sell, sell, sell. Clorox and buy the others in the group because it would make no sense. They are too similar to accept the rogue nature on one particular stock in the cohort. Each industry has its relative model of what you would pay for it, the industrials, the banks, you name it. F if you have one outlier that sells for more than the others, somethings up. Thats a sign of danger and ive got to throw the red flag. The red flag is being thrown for twitter. When you see your tweets on the ticker below. Many are enthusiastic, much more than i am about the stock. I am very enthusiastic about the company and product which diverged today from the stock. Ive looked at the pricing histo history of all these kinds of ipos. Yelp, pan dora, groupon, zynga. One year later most of them were lower, dramatically lower for the most part. Patience and prudence dictate buying a stock like twitter lower. If i were still running money professionally, i tell you what i would have done. I would have sold every single share, not long after the stock opened. Thats right. A few minutes after. Because i would have said it was overvalued, on my historical comparison work which is really all i have. Yes, today i would have taken the money, Steven Miller style, and run. Why am i not jumping up and down telling you youre in big trouble if you own it . Why arent i talking about the double bubble toil and trouble youre going to find yourself in and how youre going to get hurt . Let me give you the possible justifications. I have enough caveats for why this out of the gate move in twitter might not be so dangerous for you. For me, you know, i got to say im i have my rules. You dont follow my rules. After spending the last few weeks yapping about the relative evaluation, predicting a few weeks ago, i was being viewed, by the way, as crazy to ponder such a high price, i can safely say that everyone who bought it today has officially as they say in law school, come to the nuisance. You know you overpaid and you didnt care. That means caveat emter. Youve been warned and it didnt bother you one bit. As i said at the opening, there is free will. You have every right to overpay for a stock. Believe me if you bought it today plain and simple, you overpaid. Second, unlike the disaster that was facebook, the system totally worked. Took an hour and a half for the New York Stock Exchange to open the stock. The stair of nyse euronex was overseeing the process. The Goldman Sachs banker behind the deal, a seasoned pro was there to make sure it went off without a hitch. It did. Unlike facebook the buyers and sellers met in an orderly way. Everyone who wanted stock got in. I like that. I dont like deals where only a sliver of the total stock is offered which creates that pop. That leads to many flippers and longterm holders who have to reach horribly to buy the rest of their position in the open market, competing furiously with Retail Investors to so. Six months from now, more stock will be released by the company and a more natural float will be established along with a better price than you got today. Beat the horrendous facebook deal. Institutional buyers who knew it was faltering were canceling. I hate that deal. Every bit of it. It turned out it was, a huge number of people got turned off by the whole market because of facebook. Twitter did a hot deal, not as best as third aly im a huge believer i love a product, if youve done the homework and sfig year out the valuation and the trajectory of the earnings in the outyears, 2017, 2018, you can buy the stock. My first part of the longic is trumping the second part. As i found out today when i interviewed sir patrick stewart. He came close to admitting hes addicted to typing in 140 characters and reading 140 characters of others. Im renaming him sir hash tag. Which brings me to my fourth and final reason why im not perturbed with twitters firstt. This is a company that is disruptive and changed behavior in this country and changing it in the world as surely as televigsz did and the personal computer. The cell phone. Smartphone, that is. Its a product like facebook with user generated content. It is still in its infancy with what everyone respecrespects. One day twitter will with exactly worth what its selling for, like my Charitable Trust bought Facebook Stock in the mid 20s. Li perhaps twitter can find a way to make huge amounts of money. Maybe pepsico and unilever and fedex and mcdonalds. Why not, it could happen . Most important, perhaps the opportunity is so great for twitter that twitters worth 30 million right now, really. Maybe twitter is so exceptional, so beyond the four walls of the existing stock canvass, its reasonable in some universe this thing might be worth what you paid for. I thought apple or microsoft should have bought netflix to get cloud exposure. I thought apple should have paid 20 billion to twitter just a few months ago to get this unique property and become instantly social to complement its mobile business. They were wrong. A much better buy than the stock the Company Keeps buying or the dividend. They paid for a fraction, they could have gotten twitter. Whats all that buying back done anyway . Seen the stock . If apple shelled out that money for twitter, i bet the stock would be at 600 instead of the slow boat course. If microsoft had done so, steve bamer could still have a job and there might be more to twitter than you otherwise expect. Lets not forget perhaps this is another amazon. Or a tesla, circa, like, last week. A cold stock where we dont even care about profitability but care the market is so huge that they get on the market. Heres the bottom line. Twitter is outrageously expensive. I understand the love. In my heart of hearts, i look at twitters stock as i look at the stock you can buy in the green bay packers. Not meant to trade. Its meant to let you be part of the twitter verse. Feel free to overpay. Feel free to love twitter. The stock. Lets just hope its not unrequaint. Josh in kansas. Josh in. Caller hey, booyah from kansas, jim. Booyah. I love kansas. I think university of kansas could go all the way. Go ahead. Caller i will see. Looking at pwld. Buffalo wildwings. Well, you know, theres a lot of stuff going on today by people who seem to have buyers remorse. They say, wait a second, maybe we paid too much and Buffalo Wild Wings was part of that. Its called the whole foods effect. I believe in sally smith. I recognize the stock is up a lot and see people taking a profit. No ones ever gotten hurt taking a profit. Denise in new york, denise . Caller hi, hi, jim. Ive owned Activision Blizzard in the past and made a profit. They reported earnings today. I wonder if its a good time to reinvest. You know, i think its fine. I mean, look, this stock these are hitbase stocks. And i dont like hitbase stocks as much as i like, say, time warner which just delivers consistent hits or cbs, consistent hits. Those i like. I will probably when the smoke clears like disney which i think is doing a terrific job. As i said, last friday, disney would trade down ahead and whole foods would trade down ahead and wait until the smoke clears. I got the smoke from a distant fire right now in my eyes. Its the same Way Investors feel about twitter. Call it bird of a feather flock together and tweet. Mad money will be right back. Coming up, forgetting something . Twitter sure had a good day, but things werent so swell for the rest of the market. How long will the selloff last . And what can you do to protect yourself . Cramers on the case. And later, french fried . Pretzel burgers werent enough to satisfy wall streets hunger for growth. And despite better than expected earnings, wendys got cooked in todays take. Is this just an opportunity to take a bite . Dont miss cramers exclusive. Plus, oil slick . Big shot Eog Resources may have beat the street, but the stock cooled off in spite of its surging profits. Could concerns over crude cause a further selloff, or should you use the decline to fill her up . Cramer drills down with the ceo. All coming up on mad money. Dont miss a second of mad money. Follow jimcramer on twitter. Have a question . Tweet cramer, nad madtweets. Send jim an email to madmoney cnbc. Com or give us a call at 1800743cnbc. Miss something . Head to madmoney. Cnbc. Com. Customer erin swenson ordered shoes from us online but they didnt fit. Customers not happy, im not happy. Sales go down, im not happy. Merch comes back, im not happy. Use ups. They make returns easy. Unhappy customer becomes happy customer. Then, repeat customer. Easy returns, im happy. Repeat customers, im happy. Sales go up, im happy. I ordered another pair. Im happy. both im happy. Im happy. Happy. Happy. Happy. Happy. Happy happy. I love logistics. Wait, i feel like were forgetting something today. Oh, yeah, thats right, theres a whole other market of 6,000 stocks that arent twitter. We saw a roller coaster of up, then down some more in a pull that could only send shifers over everyone who didnt get twitter at 26. A throwback to yesteryear or the last couple years. Today the u. S. Economy was one piece of the puzzle. Most of the weakness start eed overseas else wrr. Qualcomm and whole foods brought their own type of jaundice throughout the day, we have the bubble talk writ large because of twitter. Thats a terrific reason to sell. The market got a twitter hangover it wasnt able to get over. First, the big industrials that have been all the rage lately came unglued today courtesy of rumors that china is building up a head of steam. You know whats going to happen . The Chinese Government is going to tighten as soon as this weekend. I am not kidding. Slow the economy. I dont know how much credence to put into this theory, but remember, doesnt matter how much cree zedence i put in, evee is selling what goes into china and will continue to do so tomorrow. Dont forget the marginal prices are set by demand in china. Not here. Far more important today was an Interest Rate cut by the European Central bank to ensure europes economy dont contract. The europeans have long memory and in 1920 germany caught the deflation bug. There wasnt enough money in the system to support any economic activity. That then led to hyperinflation. Germany turned on the Deutsche Mark Printing Presses and destroyed most of the nations saving base. Running around with wheel barrels full of it. They view the deflation, hyperinflation cycle as the rise of the hitler and nazi party and do anything to avoid a repeat of what occurred. This move caught some people off guard. I can recall people saying just this very morning when i got up at 3 30, were waiting for a surprise rate cut. Hmm, a few hours before we got the surprise rate cut. The dollar shot up which caused dollar denominated commoditieses to get crushed. It spurred decline in oil. The question will be independents. The ones who doing fabulously. Eog. The reversal in fortunes can be a buying opportunity for the stocks. I figure tomorrow is the day we start getting serious down grades of the independent Oil Companies i like. Better prices coming. But theres also some unnerving action away from the commodities. For example, theres a lot of chatter of a strong employment number tomorrow and instant taper of fed bond buying. Well know shortly if thats a case. We have a rout in tech. While qualcomm should have some spillover, im calling it a tad missed upon. If you believe in the power of twitter, you should believe in all the power of the social and cloud stocks. People are presuming a worldwide slowdown in tech spending bauds of qualcomm, as if this is the ultimate bellwether of the group. I dont think it is. People get scared when they see a company they revere. Qualcomm is however incorrectly revered and its getting them to bail on socalled lesser companies. The market is not immune from whats going on with whole foods. A terrific Growth Company assumes the economy is getting weaker and the sales are not that hot. We have to extrapolate and say, wait, i thought the economy was strong. Maybe im wrong here. Get me out. You also have a propensity to be reminded of the risk of earning highGrowth Stocks, big decline in whole foods demonstrate. Why not take anything off the table . I saw a lot of this. Sell, sell, sell, sell, sell. Think of the analogous Companies Whole Foods gives you. Shouldnt we be a seller of starbucks . Hanes celestial. Theyre very expensive stocks that just now reported and shot the lights out. If they were down big today, they were down in sympathy, even if they shouldnt be down at all given the outstanding earnings we learned about. Why shouldnt we sell chipotle . Dont they have the food with integrity thing . Whole foods, chi chtole, whatev. A company that should have been worth 14 billion, as valued two or three weeks ago, it traded at more than double. The top callers were out in full force when twitter opened at 45. 10. Now i am not a top caller. I hate the whole motion of okay, now that retail is in the pool, at last after this big run courtesy of twitter, i know it is time to sell, sell, sell. Still, though, i heard it all day. All day. Bubble, bubble, bubble. You can frame a justifiable mosaic to sell. First the stocks are all being smashed. Tesla and solar city, two of the four most overvalued stocks along with net politics and amston were whacked and whacked hard. Thats been bubblicious forever. I think people who own highly valued stocks are selling other highly valued stock to buy this particularly highly valued stock. Theres a sense the twitter ipo demonstrated insanity. Not in twitter, itself, but insanity in the market as a whole. Thats as good a reason to cash out as many. No bell goes off at the top. Heres something you dont hear at the top, by the way. All right. You dont hear that. But people thought twitter was a pseudo bell. What do i think of all this . We have a lot of stocks that moved up a great deal. The market has pretty much been one way higher for months now. Bellwethers like qualcomm and whole foods and unjustified strength in twitter, its too compelling for many professionals to ignore. Heres my bottom line. Im looking for the stocks sellers are throwing away. In the end, there are stocks and companies who reported terrific earnings. My chart bl trust has been waiting to buy on a pullback. I dont cut and run. I stop and evaluate. The trust was actually a buyer, not a seller. These multifaceted selloffs, keen on Growth Stocks, are always when theyre happening, they always feel like the end of the word, dont they . They usually last three, four days. Today feels like day two. Particularly because the bonds are tame and Interest Rate have seemed to have gone higher. Steven in new york. Steven . Caller hey, jim. Big fan. Thank you. Caller question for you. Pandora media. Whats your strong term, longterm outlook, in lieu of apple iradio . Seems like they came out with their numbers and listeners were good last month. Pandora, i cant really opine, other to say people love pandora. I cant wait until sangza comes out. There are situations where people will pay anything for a stock and pandora is one of those. How about waxe in new jersey . Caller hey, jim, my 10yearold daughter, emma, wants to Say Something to you. Sure. Caller beau, beooboobooy. Theres a kid with sense. What do you got . Caller talking about the social space, if youre playing something thats disruptive like that, if thats how you feel, youre not worried about evaluations. Youre looking at the upside, arent you . There are times that some people, not me, some people are willing to pay any price. Linkedin is the game changer and own that business. I like linkedin. Linkedin could be very cheap on earnings that came out two years ago. Thats whats important. I believe in that. Growing pains . Were seeing a selloff in Growth Stocks. You know what that means. Pretty soon youre going to have to start hunting. After the break, try to make you more money. Coming up, french fried . Pretzel burgers werent enough to satisfy wall streets hunger for growth. And despite better than expected earnings, wendys got cooked in todays tape. Is this just an opportunity to take a bite . Dont miss cramers exclusive. Im only in my 60s. Ive got a nice long life ahead. Big plans. So when i found out medicare doesnt pay all my medical expenses, i got a Medicare Supplement insurance plan. [ male announcer ] if youre eligible for medicare, you may know it only covers about 80 of your part b medical expenses. The rest is up to you. Call now and find out about an aarp Medicare Supplement insurance plan, insured by unitedhealthcare insurance company. 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Last year, totally on fire, rallying from 4 and change to 9 as of yesterday. You made a killing if you own wendys, thanks to the hard work of a new ceo, emil brolick. Theyre in the process of refurbishing stores. Earlier today mr. Brolick showed me a redesigned spot, a place thats beautiful, and sampled menu items now and then just for research. Company cleaning up the balance sheet, shifting more toward a franchi franchisebased model. We like that. The Company Reported this morning if you own wendys today, you didnt make a killing, you got killed metaphorically onpy. I think this is a testament, frankly, to the power of expectation and what happens when expectations get too great. Except by analysts, by the way. It doesnt matter what management will do at a certain point. How to execute is what wendys does. It is the top of game in the quick serve business. So you know, lets not write this off yesterday. Wendys delivered better than expected numbers. 8 cents. Thanks to better restaurant level margins. The stock went up a lot this quarter. Samestore sales were a bit weaker than expected. The company modestly raised guidance for the year and didnt give a real forecast for 2014. All this caused the stock to get slammed. Down 11. 44 today. Still up human for tge for the. Is there buying opportunity in a stock that hand given you too many of those lately . Lets talk to emil brolick, president and ceo of wendys. Welcome to mad money. Jim, how you . Thank you, thank you for bringing our food and for having wendys on. Okay. We did i tried this delicious burger out today. I saw the beautiful new store. And to me, even though there was a glitch in the stock today, i dont think theres anything that was that earth shaking that happened in the quarter. We felt great about the quarter. Comps up 5. 9 on a twoyear basis. When you consider, thats the strongest twoyear performance weve had since the First Quarter 2005 eight years ago. You know, thats great. 170 basis point increase in margins. 17 increase. I consider a very solid quarter. I mean, im looking goldmgold m Goldman Sachs research. Figures broadly disappointing given the high profile pretzel bacon cheeseburger. Is this where the expectations were too high but the company delivered what they were supposed to . If you look at this in the context of others, this is a very strong report. Lets speak broadly whats been happening with the company. Lunch, thank you, again. Saluabsolutely. There was a great trajectory from dave and the company and it fizzled, nelson gets involved and you get involved. The investors got ahead from themselves but the turn is for real. Absolutely. Were going through a total brand transformation. What i mean by that, were touching all elements of the brand experience, so everything that the Consumer Experiences is going to stay a cut above for them, whether its the employees in the restaurant, the friendlier employees, new uniforms, new packaging. The physical space. Of course, the food. Were always going to be about the food. Quality was our recipe in 1969. Quality is our recipe today. Also, we have a tremendous heritage of Product Innovation. Dave was first in salads. Dave was first in chili, baked potatoes, many products. This is a brand that put together 16 consecutive years of samerestaurant sales on the backbone of increases in innovation and i think we can see that performance again. Okay, my wendys, boarded up right now. When it opens again, what will it look like . You know, we have 180 image activation restaurants open now. By the end of the year, were going to have 300 open. Okay . And our expectation is these restaurants, once they settle in, will average some place between 10 to 20 increase in samerestaurant sales. So, excuse me, step up in sales. And we every expectation that that will occur in your restaurant as well. At the same time im seeing commodity costs come down. Correct. 2014 has to be a tailwind. Yeah, you know, we think there will be quite a modest increase in commodities in 2014. Well speak specifically about that and january 13th when we preannounce the 2013 and give guidance on 2014. Okay. Could you just tell me, i want everyone to know this. Talk about patrick doyle, dominos. The delivery people end up owning the stores. We talked about sheryl from kfc days. Theyre the franchisees, people who worked behind the counter. The people i met today, the people who work at wendys, how many are the people who have came up through the ranks and own their own stores . A huge percentage of them, jim. We have such invested equity on the part of our franchisees. Im proud of them and the commitment they make to the wendys brand. Theyre interested in growing the brand. Theyre the backbone of the brand transformation along with company operators. They drive this and put their capital into this and are very excited about it. How about cost of labor . With have Affordable Care act. A lot of people feel just the base level of labor after being steady for a long time might start going up in 2014. Yeah, you know, thats definitely a possibility. But were very excited about the growth and the brand. We feel when youre growing topline sales on a consistent basis, were going to be able to deal with any increases we see in labor overtime. Lets go back to this a idea of innovation. I told you i love this burger, i loved it from the day it came out. I read today its so long, pretzel burger. I know in the quarter in the last month of september, sales did tail off. Was it people got tired of it and just, its a novelty thing . You always have to refresh . They do like Product Innovation but they also like variety. So we have a bacon portabella melt on brioche coming in in the next few days. Thats what i had. Holy cow. It melts in your mouth. This product melts in your mouth, okay . And so thats going to be something that we see driving sales toward the end of this year. And youre certainly going to see pretzel bacon cheeseburgers and pretzel clubs come back in future. The overall nature of wendys was always its not mcdonalds, its not necessarily panera, but the store i saw today, panera, ch chipolte. If you think about that in the context of quick casual restaurants like panera, the key thing here is we believe that were giving them, our consum s consumers, every bit that same experience but a dramatically lower cost point. Right. Thats really important. Much bigger opportunity we believe. Thank you, sir. Okay. Thats emil brolick. President and ceo of wendys corp. Listen, the stock went up a lot. Its been a huge winner. Remember, it was at 5 1 2 five months august. Profit taking makes a lot of sense. I think the story is multiyear. Not several day. Stay with cramer. So you can get out of your element. So you can explore a new frontier and a different discipline. Get two times the points on travel and dining at restaurants from chase sapphire preferred. So you can be inspired by great food once again. Chase sapphire preferred. So you can. Announcer lightning round is sponsored by td ameritrade. Honor of Throwback Thursday and ipo, we took a look back at our twitter time machine. I sent my first tweet back if 2008 after quick math which i did in my head, i sent 17 tweets a day. I cant decide if i work or treat more. Dont tell my executive producer that. Anyway, now it is time, it is time for the lightning round. On cramers mad money. What is that all about . Buy, buy, buy. Sell, sell, sell. Play this sound and the lightning round is over. Are you ready, skeedaddy . Time for the lightning round, cramers mad money. Lets start with jack in new york. Jack . Caller booyah, jimmy. Jimmy, youre my hero. Hk. Im tired of halcon. They have to get it together and meet production goals. That absolutely to have meet production goals. Theyre not. Lets go to nick in ohio. Nick . Caller booyah from ohio. Booyah. Caller all right. Tearo wireless. Is it a keeper . You know what, im not you know, im not crazy about any of the component plays right now. Im going to take a pass on that. Lets go to brad in washington. Brad . Caller hi, jim. Enjoying your show. Thank you. Caller seattle. Throwing out a Seattle Seahawks Russell Wilson booyah to you. Does he watch the show, you think . Does Russell Wilson watch the show in i mean, preparation is everything with him. Caller good to know. So Ticker Symbol sbx. Is it still oversold . Would you buy, hold, or fold . Freeport, i dont like. Its overvalued. There are other plays in industry i think are cheaper. Im not going to recommend that stock. Lets two to raj in pennsylvania. Raj . Caller booyah, mr. Cramer. Booyah, raj. Caller hey, i would like to ask you about fiberoptics. This Company Recently reported results. Yeah, you know, its i done know. I mean, the fiberoptic you know, look buy google which is doing fiberoptics. Its a cheaper stock. Lets go to joel in new york. Joel . Caller yes. Youre up. Go ahead, joel. Caller booyah, jim. This is joel from new york. Nice. Caller a compliment to your staff. Donna is a lovely young lady. Isnt she . She rocks. She rocks. Go ahead. Caller she does. In july i bought omed. Right. Caller ive been kind of disappointed. I wanted your opinion. Nigh opinion is the speculative biotech stocks we are not recommending them for the rest of the year. We all think they should be trimmed, not bought because theyve gotten too hot for this show. I want to go to billy, ohio. Billy . Caller booyah, jim. Thanks for taking my call. Of course. Caller i want to ask you about your outlook on humana with the upcoming humanas quarter was really buy, buy, buy. What can i say . I hope the stock comes in so people can buy it. That was a beautiful quarter. Lets go to burt in kentucky. Caller hi, jim, how are you tonight . How are you, burt . Caller thank you. Vy i have a question about transocean. Theyve had significant problems from the go, and the stock is somewhat depressed. What do you make of it . I dont know. Good numbers and think you probably have another couple day or two going up, but its not my favorite. I do like schlumberjay more. Caller im truly amazed at your wisdom and knowledge of this vast stock project. Thank you. I wish i was smarter and have to work harder. Whats going on . Caller help me with the this. Do i buy, sell some, or do i hold home depot . No reason to sell home depot. I want to be a buyer of home depot. Its a Great American company. Mr. Blake has done a terrific job and its not expensivexpens. I bless home depot. That, ladies and gentlemen o the conclusion of the lightning round. The lightning round is sponsored by td ameritrade. Gre. But then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their Trading Platform. [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a. Shell. Get live squawks right in your Trading Platform with think or swim from td ameritrade. [ male announcer ] united is rolling out global, satellitefed wifi to connect you even 35,000 feet over the ocean. Thats. Wifi friendly. Thats. Wifi friendly. At a ford dealer with a little q and a for fiona. Tell me fiona, whos having a big tire event . Your ford dealer. Who has 11 major brands to choose from . Your ford dealer. Whos offering a rebate . Your ford dealer. Who has the low price tire guarantee, affording peace of mind to anyone who might be in the market for a new set of tires . Your ford dealer. Im beginning to sense a pattern. Get up to 140 in mailin rebates when you buy four select tires with the Ford Service Credit card. Whered you get that sweater vest . Your ford dealer. Customer erin swenson ordebut they didnt fit. Line customers not happy, im not happy. Sales go down, im not happy. Merch comes back, im not happy. Use ups. They make returns easy. Unhappy customer becomes happy customer. Then, repeat customer. Easy returns, im happy. Repeat customers, im happy. Sales go up, im happy. I ordered another pair. Im happy. both im happy. Im happy. Happy. Happy. Happy. Happy. Happy happy. I love logistics. Sometimes the market will simply give you a gift like when a best of breed alloying you to buy the companys stock for less than what it was before we knew about the terrific quarter. That what seemed to happen here right now the last 24 hours with Eog Resources. Big independent oil and gas company, all over the world that has incredible shale assets here in the united states. Theyre the biggest oil producer, one of the largest in the balkan. Delaware basin area which is red hot. Come out with a monster earnings beat last night with earnings per share coming in at 2. 32, excluding onetime items. Wall street was looking for 2. 06. They say theyre going to grow oil production. They also reaffirmed the fabulous fiveyear plan which calls for a sustained Production Growth through 2017 as long as the price of oil stays above the mid 80s. Eog opened up this morning, opened up big. A lot of the Growth Stocks went down. This one went down with it closing up 5. I do know these rotation tepid to last f tend to last for a couple days. You lucked out today if you dont already own the stock. This may be the chance. Lets check in with mike papa, executive chairman and former ceo of Eog Resources. Mr. Papa, welcome back to mad money. Thanks, jim. Good to talk to you again. First thing i have to say, congratulati congratulations. I know its your last quarter. People say, wait a second, executive chairman, is he still involved . I thought he was the ceo. Ill give you a chance to explain the change and why youre still with the company. Yeah, ill be with the company until the end of the year, and so this is my last earnings call, and at the end of the year, im going to step down and remain only on the board of directors. And i remain just as a simple board member from that time forward. All right. And you think that the job is done . Time to do other things . Because, again, people dont like change. Theyre used to you being at Eog Resources. Yeah. Im 67 years old and need to pass the torch to someone else. Bill thomas whos been with the company 30plus years is more than able to pick up the torch and running with it, but ill still be able to provide guidance to bill from my seat on the board. Excellent. So i think its a good transition. Congratulations. There are a couple changes in this quarter you have to tell us about. You had previously not said that balkan was producing as much as. Technological changes youve done seems to have been a game changer for you. Tell me what happened so balkan is full bore now . Yeah, what really happened in balkan is weve taken some of the Completion Technology we learned in the last year and applied it to the balkan and its really made kind of a night and day difference in the productivity of the new bakan wells. Productivity in the new bakan is wells is up relative to some of the completions weve made a year ago, so we now view bakken as a big growth area for eog, whereas a year ago we viewed it more as a stabilized production area. So its a big upside for eog. And west eagle, previously i thought that was not exactly. A year ago the western eagle was thought to be a little bit inferior in terms of quality scared to our eastern eagle ford where we were routinely making wells started out at 3,000, 4,000, 6,000 barrels of oil a day. In this intervening year were now hitting home runs pretty frequently in the western eagleford. Last year due to well Completion Technology, we turned bakken from a stable iced to a growth area. We dont have to find new areas but continue to improve existing areas. Eog will continue to hit the ball out of the park for the next five years. Thats a real growth story for eog. Delaware basin, where are they with the new Completion Technology . Exactly. Delaware basin is going to be an emerging growth story for us. And we feel good about that also, jim. All right. Lets step back because one of the things im concerned about is i dont want to get you and i have always fell, look, theres a lot more oil than people realize. Now im starting to hear from other people, wait a second, jim, youre being too conservative. Theres even more. I dont want us to get ahead of ourselves, but i did have mr. Sheffield on. He is talking about numbers about spraberry and wolfcamp. Are we getting too con fused . I think we are, frankly. If you look at our investor relation charts, see the growth to date has not been anywhere near what the growth in the eagleford and the bakken has been. And when you really look at all this, it kind of tells us that year over year growth in u. S. Oil in 2012, we believe will not be duplicated in 2013, nor in 2014. So we are seeing a renaissance in u. S. Oil growth, but i think its being kind of overestimated as to what the overall impact is go going to be over the next four, five years. Its a major game changer, no doubt, but its now being overestimated in my opinion. Fair enough. I needed to hear that and i know you are the dean of the group. I want to wish you the best of luck with the new role that youre taking, and how great you have been for shareholders and for all of our viewers at mad mone money. Thank you, sir, very much. Thanks a lot, jim. Good to talk to you. Mark papa, executive chairman of Eog Resources. Stay with cramer. Tomorrow, kick off the trading day from squawk on the street. This is the number of disappointing quarters i followed last night and this morning. Humans even when we cross our ts and dot our is, we still run into problems. Thats why Liberty Mutual insurance offers accident forgiveness with our auto policies. If you qualify, your rates wont go up due to your first accident. Because making mistakes is only human, and so are we. We also offer new car replacement, so if you total your new car, we give you the money for a new one. Call Liberty Mutual insurance at. And ask us all about our auto features, like guaranteed repairs, where if you get into an accident and use one of our certified repair shops, your repairs are guaranteed for life. So call. To talk with an Insurance Expert about everything that comes standard with our base auto policy. And if you switch, you could save up to 423. Liberty mutual insurance. Responsibility. Whats your policy . If it werent for twitter this session would have been so dwichbt because the focus would have been on two Growth Stocks everyone loved coming in. Only one is truly deserving e d. Whole foods and qualcomm. Whole foods is the Fastest Growing and qualcomm is the same in semiconductors. Qualcomm posted pretty consistent 30 Revenue Growth and whole foods 5. 9 to 7 samestore sales growth. Both top of their game for respective groups. Thats why it was so jarring to hear both lower their growth rate. Both companies are Core Holdings in many portfolios. Ive got to tell you this. I have been a fan of whole foods, but ive not been a fan of qualcomm. As phone companies transition from 3g to 4g, i find the firm inconsiste inconsistent. It would be perfectly in character for qualcomm to raise its growth rate back up because theres less concentration at the top tier of customers. Something they talked about today. Theres a reason why a stock with a 30 Revenue Growth is only up 12 this year. Im obviously not alone in thinking quathin thinking qualcomm proves too many surprises. The actual share count has been pretty consistent. They havent gone down. 2 yield. With qualcomm, im thinking great company, but why cant these guys forecast better . Im sure this time it will be no different. Management held out hope for a rebound. I think the benchmark of weak semiconductors. Whole foods on the other hand has consistently earned our trust, up 41 coming into this session. I feared the reaction to this quarter and i told people not to buy. I was disappointed as we were meant to be by the guidance of the slowdown. But whole foods is not just another company. It is as coceo walter robbs said on the call, this is a no excuse company. So it was just a sense that the bar was set too high for the quarter given the companys expansion. Whole foods gave out huge amount of fodder to the bears. John macke, cannibalization, competition, and currency. The store distribution, 374 million out of whole foods 11. 6 billion in sales. Now, i suspect some of them weakness is temporary. Mac, e explained, for example, the cannibalization where the company is expanding aggressively, the stores will be producing gangbuster numbers. Fresh market and the private trader joes. I think the plethora that have come into the market has to put whole foods in the penalty box. These guys are the best of the bev. The theme of the change healthy eating. The lowering process is about time and price, meaning the stock has to go a little bit lower and stay lower for a couple quarters. All of that said, wonce again whole foods will be derisked and you have to buy the stock. Two terrific growth companies. One worth keeping. The other worth exiting. At least right now the sellers will dominate in both stocks. Stick with cramer. Mad about mad money . Immerse yourself into cramers world. While you watch the show with zeebox. On your phone, tablet or on the web, get sneak peeks. Go behind the scenes. And join the conversation. Download the free app today for the ultimate ycramerican adventu adventure. The young and the healthy are getting ripped out in obama care. Watch out. Tomorrows jobs could be below the estimate. All up next on the kudlow report. 0 thats a good thing, but it doesnt cover everything. Only about 80 of your part b medical expenses. The rest is up to you. 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So you can be inspired by great food once again. Chase sapphire preferred. So you can. Keep up with cramer all day long. Follow jim yn cramer on twitter and tweet your questions. Madtweets. From inside the house. Computers can steal millions of dollars and you wont believe where the money goes. Tonight on an all new american greed. Okay. Twitter, youve come to the nuisance. You understand the risk. You are willing to am september it or take the money and run. I do think it is ridiculously expensi expensive. Maybe one day it will be worth what its selling for. Until then, understand i am not blessing this. I like to. Fear is starting to grip Senate Democrats as the blame for the obama care disaster comes straight to their doorstep. But is there anything they can really do to fix it . We have the the latest tonight from capitol hill. And at the white house, president obama has just wrapped up an interview with chuck todd. The president still defending the Failing Health care overhaul and he didnt apologize for the cancellation of health care as a result of bom care. And a great day for twitter, but bad day is for stocks

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