Transcripts For CNBC Mad Money 20151026

And it has to do with change. Change nobody can believe is, for example, i go and talk about stocks, you know, i talk about stocks witpeople. They ask me to what look at . Why dont you look at mcdonalds . Check out mcdonalds in europe, they check out my face. Theyre pressing me. You know what they say . I always love the take, question, fries, big mac is delicious. I love their smoking coffee. You cant beat the egg mcmuffin. We are in a health society. No doubt. We also live in a guilty pleasure, mcdonalds has guilty pleasure written on it. I think cnbc knows that, they know how to somehow get back to the basics of Quick Service and a value meal that tastes good, throw in chicken and biscuits, you will do great. Burger king is doing great, why not . I wouldnt confuse dominos and call kfc fresh and organic . You know what i mean . So why the heck cant mcdonalds throw itself around, too . Its the execution thats been the problem, not the unhealthy food, if it was food, why the heck is whole foods at a 52week low. If it were about nutrition, how about pepsico keeps churning higher because of the strength of junk food . Invite everyone over for the cowboysgiants game. I was happy someone lost. You think i had carrots and celery . I had some of those. Look, i own a mexican restaurant, its a pretty good darn salsa, people have been telling me for years the clock is ticking on frito lay. All i know, when i go shopping for the guy, i press them to bring oem anything else. Heres another story people simply cannot put their arms around. They cant believe, the corn popularity of microsoft devices. Im getting laughed at for suggesting Microsoft Might have some pull . Right now, nobody wants it. Nobody hates the surface. Wait a second, last week its been so popular. It is popular. Why do i see people at the surface . Its not just the nfl, which is all surface all the time. Listen to the ceo, by the way, all those ads on the football games, people and monsters blow each up endlessly, people refuse to link xbox to microsoft. Even though they might make the darn. I know ive talked my head off. They have to break up skype, xbox, windows, or enterpriseing cloud. Soft, call them that. Right now, microsoft the company is totally uncool. Microsoft the products are either cool or ret kro cool t. Problem is, microsoft doesnt seem to know it. Hey, sacha, in the black teeshirt, thats cool. I love that look. The next time i see you, i will wear a plaque teeshirt with a tie. Its not a good stock. Its an absolutely good company. I think people are starting to like their products. Shh, some are good. Let me set the stage for another one, many people are rich. Shocker. Thats what working on wall street is all about why not save it for someone on wall street that isnt trying to just get rich. Flying first class all the way. Wall streeters have no idea what it looks to use priceline, when regular people are trying to save money, they block the price, which is why its on the 52week high list once again priceline has the new easy travel mode. I wouldnt know any of this if ico wrote it for new jersey. We hear about these people within they ask people how they found their place. Unless are you in the hospitality business, i dont know if you can understand the bargains and information that these companies impart to each other and everywhere we travel next up, no matter what i do, i cant convince people there are two kind of biotechs here. The expensive ones have no earnings, no drugs, either a group or just about to be approved. Nothing. Or they have little niche positions that will take over things, not the case with celgene, biogen and gilead, all of which are keep stocks on an earnings basis. Celgene which has an amazing antiblood franchise sells for 17 times gilead has a platform, nine times earnings. Thats insane. Biogen has a powerful alzheimers formulation. It might work. Heck, that has a variety of a portfolio at 1,600. These are absurdly low that may make no sense. Except for the fact that one company, valiant, has created havoc for the entire group with Drug Distribution issues and there is a Hedge Fund Manager who bragged about prices on Live Television on cnbc. That cost them the scrutiny. However it doesnt mean you should say from top biotechs, they all trade like our country is about to embrace the Single Payer Health care system, like in the u. K. Or canada, it wont happen, even Bernie Sanders somehow becomes president. Finally, there are defense stocks, which i recommend to you endlessly, why . Every time russias arms race they have to be challenged at a certain point, as our interests in the pack gets threatened. I see civil wars breaking out all over the world. They will hold off everyone else. Nobody seems to win a champion in the defense stocks, well Lockheed Martin reported not that long ago with a wack corner, the Stock Plunged at the blink of an eye. One week later, 220. Want more disappointments like that . Why all the negativity . I think its a perception problem. Maybe a championing problem, i can champion other people. Its really perception. Defense, people think this budget is a question. It will kill them. It wont get any better with the debt skreeling. Biotech ran too much. New perspective. Microsoft, it ran so long, priceline, are they still in business . Mcdonalds, my body is a temple. Yada, yada. Negtist is a short example of whats out there. If you share wall street, you will miss them. If you think outside yourself, though, you will be astonished by what you find. Lets go to kur nice curtis in north carolina. Curtis. Caller how do you get the stocks up forward of the competition . All right. My Charitable Trust bought jack, why . There was a lot of questions about labor costs and chipotle is scaring people. This is a very well run company. I sure wish theyd come on air. They can really tell a good story. Thank you for the kind words about our staff, which is great. Kc in north carolina. How are you doing, jim . Im doing fine, how about you, casey . Pretty good. I want to ask you do you think they can turn things around with the retailer again . I got to tell you, im concerned about the Fourth Quarter and listen to the skechers guys. I think it hit a real speed bump. I notice j. C. Penneys is holding up well, if there is a question of nordstrom, if theyre hitting all these, macys kohls, have you seen these in i dont think its possible when you see what macys is doing and kohls is doing. Lets go to john in florida. Caller jim, jonathan in key west. They had rlyp, they had approval and wed love to get your thoughts, man. You know, i am still not going ive got so many pharmaceuticals down so low, bristolmyers, a biotech like a biogen, which my Charitable Trust owns or amgen, i cant go for that, its not the time. Here is positivity. Can you use the negativity to your advantage. All you have to do is think outside the wall street think box. I am here to help. Mad tonight, major tech players have cisco soaring into the stratosphere, one is really making a move. I will reveal it ahead. Talk about a bad apple . Could it be a sign on the reports . And are diamonds an investors best friend . I got a hidden gem stock you might be missing in this market. So why dont you stick with cramer . Dont miss a second of mad money, follow jim cramer on twitter. Tweet him madtweets. Sends jim an email to madmoney cnbc. Com or give us a call 1800743cnbc. In lately, weve seen a lot of stuffy old tech stocks nigh into the stratosphere as investors come to realize theyve embraced faster growing businesses. I want you to think about microsoft, up 34 today, cisco up 18 . You know what else has been roaring without much fanfare all them trying to change that now . Adobe systems. Abbe. A terrific longterm winner up 32. 5 over the last year, not to mention 98 in the last two months. No one givers it its due. It problem a print Media Software probably you got it as soon as you got a pc. It offers software as a service ka sas over the cloud. Its so hard to invest in. Despite the occasional massive selloff, it worked higher. But a adobe ended up an all new high. I think its worth to find out why this stock charges higher confounding the skeptics, also giving you the fabulous entry points with long lived but gigantic pullbacks that keep happening. Opportunity. Lets just consider the latest puzzling move from the company back on august 6th, looked like a bomb adobes outlook was pretty darn progressive, annual Revenue Growth from 20 to 2018. Believe me, thats the kind of. That many growth oriented Money Managers will pay up for, especially if they fear that were in a world where the Global Economy is slowing and real growth is hard to find. You think the initial action is really darn positive, right . Not if you looked at how the stock traded the very next day shares fell more than 4, 5. 4 in a single session. In one point, after hours trading was down over 12 . This was the second worst day of the year, the worst i told you to buy, i said, geeze, this is the same old, it gets hammered. Its your chance, why did wall street react so negatively to robust long term growth projections, well the company didnt give their longterm outlook in 20152018 during that analyst meeting. Adobe gave guidance for 2016 for the first time, forecasting 5. 7 billion in sales and the problem is whiep that 5. 7 billion in revenue represents an increase versus was adobe is expected to make this year, it still came in well below wall streets consensus estimate of 5. 93 billion at the time. Theres the disappointment. More important that 2 fine 70 earnings figure, up more than 30 from what adobe is expected. It came in dramatically below the 3. 19 per share earnings forecast wall street was looking for. Even now, three weeks later, analysts cut numbers the consensus earnings above the lowball guidance. So now i think its easy to understand what went wrong. They came out with fabulous longterm forecasts. They tell you next year would be substantially week weaker. That caused many investors to panic. It was really incredible. I saw it. I said, wait a second, you cant judge from the headlines here. But they do especially since the stock has been up 0770 to date. Which means they had a good share of profits. Just not a good one. In getting with the Analyst Community that came out with good analysis, rather than bashing adobe, a series of analysts came out and added value. Defending the company from its detractors. In the case of stifel nicolaus, they raised their targets. Let me read you the headlines. Adobe lower guidance is defensible says jeffreys. Adobe should be bought on weak insides, adobe should be bought on pullback, the day the stock got put through the meat grinder. Its not often you see such spirited defenses. They were all against the ignorant gravenlt it shouldnt surprise anybody that adobe stock moved higher in six of the seven sessions and pretty quickly rebound above the 85 level where it was traded going into the companys allegedly disappointing analysts meeting. In fact, the stocks now making new odds at 89 bucks. Although like these analyst, ideally, yes, youd like to have a pullback in weakness, not strength. Something this fickle market likes to give you. One analyst pointed out how adobes outlook appeared conservative. The stock had gotten pretty attractive from that slamming. I got to say, if adobe is getting lowballed, so it can blow away the numbers, i wouldnt at all be surprised at that. The company has a long history on projections. In fact, almost all adobe sport guidance numbers have been below consensus at the time which frequently caused a wave in selling. Each has been a buying opportunity. When adobes quarters have up, this pattern has become incredibly awkward, thats the case, why is it so freaking misunderstood . Why do investors botch reactions to this particular company . I think the reason comes down to a fundamental misunderstanding of what adobe is what kind of company it is. Its a being software company, a standards old tech flag. But the truth is, the companys revented strategy in recent years, focusing aggressively on its high growth, high recurring revenue Cloud Business. Typically the marketing crowd and Creative Cloud software. On the one hand, adobe has the most complete available. From adobe photo shop. You used that. Illustrator used that one. In design adobe premier pro and pdf reoriented into document clouds, a subscription based platform, this is the company that is really making the transition. Adobes Cloud Business is growing at a weed. Thats the number people really see. Meanwhile the company has its old cash cow steady eddie growth on the cloud sign of things. Because the transformation the Computing Company is ongoing and often masked by the headlines, there is a legitimate architect how we should value adobe stock. So you start thinking, it should be compared to old tech like microsoft that sells for 20 times less earnings, oracle which sells less tan 15 tiles earnings, despite they have a burgeoning Cloud Business on its recent conference call. Given adobe trade 32 times next years number, i mean versus oracle and microsoft. Given they support a 30 growth rate id argue it has a substantial premium. Still its under what you pay for the cloud king, salesforce. Com. Thats 81 times earnings. It shouldnt have a low multiple. From here to 2018. The stock sells for less than 20 times the 2018 numbers. Thats way too inexpensive on the outyears. Im starting to think, there is a super fast growing trend. Heres the bottom line. I like adobe a lot. This Company Remains very misunderstood. I bet you will get another chance to buy the weakness the next time it sells off. So far adobe has been able to bounce back brilliantly because of the rapid cloud adoption. They will continue to do so. I will come out here and tell you, this is your chance. The next time this occurs. Much more mad money ahead. You know what they say, one rotten apple spoils the whole bar relevant, the tech stocks raised a red flag on the companys earnings tomorrow and tiffany and company have disappointing quarterly numbers, one is steadily gaining a round in this market. And i got to tell you, im going to clue you in, nobody knows it. Its the landlord from many medical Office Buildings to hospital with the great yield. S i got the exclusive of a ceo of a 5. 7 yield. Stick with cramer. 12k3w4r6r7b89sz live by the apple sword, die by the apple sword. Thats whats happening on the eve of apples earnings report. Its got an awful lot of investors squirming. Why . This morning dialogue, those projections, they took peoples breasts away, giving them more than 70 of that companys business should be apple related. It was basically a pre announcement. The presumption the market made, apples got too much inventory on its hands. It doesnt need to make more phones, which, of course, we need a radical buy down tomorrow when they report. Thats why so many people are pandering apple. Which fell more than 3 . Of course, its not just apple alone. All of the applerelated Semi Conductors cascaded down today as if each could be in the same bad shape. We seen two types of Semi Conductors move in this market lately. The apple related and nonapple relateds. Intel and Texas Instruments, both stocks soared in the last sup couple months. That was a great conference cal call. If there is a positive apple read, too no one, though, means Texas Instruments hostages apple. Xp Semi Conductor off 4. Skyworks solutions at 4. 60. Its horrible 4. 74. These once growth darling areas, theyre a different story. All of them are considered to be the apple suppliers and their stocks are plummeting. Guilt by association these. They traded like apple component etf, tails wagging their dog. Apple Service Report this chilly impact has people reassessing as us as whether they want to be as hostage as they are to the actions of a single company. Its almost as if these are all say suppliers to walmart. No other chain, so walmart decides it doesnt want to use them anymore. Pretty much the end of the prospects, or to put it another way, if same store sales are slowing, you dont want walmart to spread the butter. We dont get an update until tomorrow. You cant blame traders tore taking evasive action in the group that chatter despite apple is good. Something confirmed by mcdonalds and nike lately. First, pleads, take a big breath. The gross Semi Conductor stocks have been going down for weeks now, sec, you have to accept that you have tagged up with apple. Third, if you want that tag along time, may i suggest owning apple shares, you have much less volatility and call on other apple products, thats what i think. I have no idea, you know, i own it, dont trade it. Thats my Charitable Trust for you. Will tomorrow bring a shortfall . What i do know is the bar has been set high by other texts last week. The multiple is uniquely low. I found almost all attempts to gain apple looks at these suppliers have failed you. They may not be indicative at all. More important, i found out more stocks get more attractive as they go lower, not less. What if you dont own apple . I suggest you wait to see if a dialogue is right and perhaps pick some up at a nice discount tomorrow, after the close or wait until wednesday. As for the suppliers i dont know. I dont know if there is any reason to own it . The reaction is too difficult to fathom. I have to ask, who needs that level of pain . I want to go to sean in massachusetts. Sean. Caller hey, jim, not too bad. How are you . Im not too bad, im a patrioting fan, it makes me nervous when the giants are in the exhibition. Im a fan, fans dont criticize the teach i withish them the best of luck. Caller i guess. I have a question about microron. I got a little lucky. I took your advice on microon. So i set the limit order at 19 to top a few shares off. Its the kind of way down ever since so my question is should i get back in . I had, there is something that happened after the close, idt, we had on this show, i really like. They make tings things for apple and they report a proceedout quarter. Why did they report a good quarter . I dont think the prospects are that good. So just use that as an example. It happened this evening. Tom in michigan. Tom. Caller booyah, jim, thanks for taking my call. Quite welcome caller im calling about the addition of a stock from the Technology Network Security Sector to my portfolio. After doing my homework, i have begun doing a position in fireeye which reports quarterly performance on november 4th. I did not believe this was a growth in company, one that resides in a beaten down sector. Your opinion, jim, on whether i should buy more or hold . Thank you. Okay. You, tom, are exactly right. Everything you said is right. I have to tell you until palo alto bottoms, it doesnt matter with fireeye. I think fireeye represents value, that is the umbrella. That one is collapsing. It shouldnt. Its a great company. Its now down almost 45 points. So what does that tell you . The group is too hard right now. But palaal to will give you the signal. Apple, dont trade it. Own it. The suppliers, they might not be correct. But if they are, then you will get a nice entry price for apple. Looking to add a junior portfolios crown . Im revealing an under the radar play that could do the trick. Then from Nursing Homes to hospitals. A major landlord medical care t. Stock has been in poor health as of late. I have the ceo. Todays rapid fire addition of the lightning round. Stick with cramer. I was able to watch from 10 00. It all starts at 9 00 a. M. Eastern. In. What is happening with the Signet Jewelers . The house of Jewelry Store chains . Well, think kay jewelers, sayles and jared among others. Those three have the most catchy advertisements. You ever seen one for signet, have you in they have been delivering disappointing quarter, stocks down 26 for the year, the lesser known jewelry place has been fabulous. 12 from 2015, monster 37 moved since the late august lows. It reported a truly rip recorded at the end of the august. How on earth did they get an impressive run . Especially when the action to a much higher profile makes you believe, theyre all doing badly, fossil, this one. Okay. Let me walk you through this story. Its worth the exam, im sure most of you have heard of jared or kay jewelers or zales, i think the Parent Company unknown to a great many of you out there. Signet is the largest specialty jewelry cane in canada and the u. K. Not too cheap, not too expensive. Ruining your bank rkt. The engagement wedding is hidden looking at the ads before i askedpy wife to get married. Here in the occupation, they operate 363 stores. Which together account for more than threequarters of the companys sales. That makes up another 9 . Remaining 15 . What makes cigna so special is it lit stocks on fire and wells fargo is shouting it from the rooftops, it goes to a smart Acquisition Company last year. This was a 41 sales trading the day before, actually, oh, man, these guys are over paying, hold it. It turns out they got a good price, since it was more than 50 , at the time signet management predicted it could be in a high earnings increase. 150 million. 175 million in synergies. Sig in the sales was a bigger performer. A puny operating market. 2 , it was poorly run. However, ive seen estimates with the synergies alone, sig fet had the operating sales margins up to 9 . Imagine that leverage with additional improvements up to 15 . That would make it massively more profitable. When they reported at the end of the august, management rment said the deal should be reported in the third quarter. Signet has only just begun to cut expense, improve the inventory, leverage market spending when it comes to unlocking sales potential. I think it will have a positive impact when it goes forward. 13 earnings beat off the basis. Remember, this is the challenge accessory category. Better than the numbers was the commentary. Sick net said Diamond Jewelry was very strong, taking lots of market share from the bridal business. Since sig fet reported at the end of august, the stock has been screaming. I cant believe anyone is pieing into this one. We know signet had a strong position in the extremely fragmented 41 billion u. S. Market. Stores like tiffany, cartier and pandora altogether only account for 5 of the toilet industry. Cartier, take it from me, its expen expensive. Since sig knelt is a largely consolidated player in an industry with competitive players, it has a lot of advantages. You can get Strong National advertising. Every kiss begins with kay as well as, i didnt touch it. Sell the exclues toive merchandise, signet has a Strong Enough Balance Sheet for customers inhouse credit in order to aid the purchases. Its a lot better to finance it. The industry is going really strong. It increased the house information in this country. Most important, signet is to scale. The company is four times as large as the next competitors to combine. It gives them this ability to do indepth consumer studies. Put it altogether, you got a Jewelry Company perfectly positioned to take market share from so many of the smaller mom and pop competitors, plus, because people still want to buy the expensive jewelry, right, you got to try it on. Or like, if you are there, you are trying to sneak it and whatever, trut me. Signet doesnt have to worry about someone like amazon coming in and wrecking the business. Its way to ricky to buy a wedding ring, im sure people do it. You want to know how protected this company is . The Largest Online jewelry retailer blue nile is opening bricks and Mortar Stores to bolster sales. Its not just the u. S. , the number one jewelry in u. K. And canada, why am i recommending it up here 3 points from the all time high . I think it has more ram to run. The start of the holiday season, the Company Generates roughly half of the annual earnings. We know seg nit is up this year, last year the Fourth Quarter fell short of wall street action expectations, from the integration at zales, i think they can be up. I know the dividend looks puny. 6 yooerld yield, given signet is on track to by a down data and reach the target by 2016. The Analysts Expect the kane could announce a guy jantdic buyback. Maybe as much as 5 million. Thats a lot to like. Just 18 times next years earnings despite a nearly 19 growth rate. Thats a screaming buy. Especially if it gets hit, some sort of a fed meeting better do something, you know. So heres the bottom line, Signet Jewelers has been roaring higher. A tear. The company is doing incredibly well. I got to tell you, signet, i knew all the other brands, i didnt know it myself. Stick with cramer. It is time, it is time for the lightning round, you hear this sound and the lightning round is over. Are you ready, ski daddy . Time for the lightning rounds. Ly start with schaari in illinois. Caller yes, i have a question about home depot, do you think that now is the time to buy sell or hold . Yes, i do, buy half my position and wait to see if it comes in. I think theyre having a trick quarter. Go to jim in massachusetts. Jim. Jim, im calling about m the attraction stock. Sell, sell, sell, all that stuff, financial end of the year. Im not going there. Clark in california. Clark. Clark . Caller yes, jim, how are you doing . All right. How are you . Caller good, calling about sun edison, sune. Remember we did a sigment, we thought it would work initially, came down, folk about i. Lets go to martha in florida. Martha caller mr. Cramer, martha in Palm Beach Gardens florida. Thank you. Caller i watched you on mad money and listened to you for many years. Thank you caller carl you taught me to think logically rather than emotionally about the stockmarket. Thats the way to go. Caller this is one of your favorite, onen the strength of that i bought the stock about five years ago. This is the first time ive heard about insideer trading regarding bristolmyers. Bristolmyers, insider, geeze, i know just about their drugs and management. I think its a good situation. Have for a long time, obviously. How about jay in minnesota, jay . Caller jim, my question is about Waste Management. Are they picking up the fume of the future . And would that be a good play for a home gamer like many . Okay now, Waste Management, the good story is in construction. That itself where they do the most business. I think Waste Management is a buy. Bob if indiana. Bob caller booyah, jim, from indiana. I have financials, ship finance, sfl. I recommend na t. Trut me, if you are looking for that, thats the one to go. Mike in texas. Ml i like it. The group is coming down. I think you are buying on a weak inside, mlm. Tony in texas. Tony caller yes, hey, jim, how are you doing . Hi, how are you . Caller i have a question, motor roll larks buy, sell, or hold . Msi has been doing quite well. I dont want to get in front of that. Thats doing really well. Bob in arizona, please, bob. Caller hey, who are you, mr. Cramer . My question is this alcoa aluminum. Its on the downside, it is ridiculous, you buy it, put it away, i believe that. That, ladies and gentlemen, is the conclusion of the lightning round the lightning round is sponsored by t. D. Ameritrade. Whats up with these things, victor . We decided to give ourselves stickers for each feature we release. We read about 10,000 suggestions a week to create features that as traders wed want to use, like social signals, a tool that uses social media to help with research. 10,000 suggestions. Who reads all those . He does. For all the confidence you need. Td ameritrade. You got this. This bale of hay cannot be controlled. When a wildfire raged through elkhorn ranch, the sudden loss of pasture became a serious problem for a family business. Faced with horses that needed feeding and a texas drought that sent hay prices soaring, the owners had to act fast. Thankfully, mary miller banks with chase for business. And with greater financial clarity and a relationship built for the unexpected, she could control her cash flow, and keep the ranch running. Chase for business. So you can own it. We know the whole Health Care Segment has been ocombrit rated lately, even though it has nothing to do with the political witch hundred. The Real Estate Investment trust owns Properties Across the u. S. , canada and buildings and hospitals and Skilled Nursing facilities t. Company spun off most of the skilled real estate in Care Capital Properties back in august. Thats an owner of real estate, not a health care provider. If the stock has been slammed with Everything Health care related. That is now down 7. 4 since midaugust. Stocks got hit hard last week, they reported a solid quarter. Be sure operfect stock could cost it to get hammered. The stock is down massively from its highs. At these levels, it supports a 5. 7 yield. Maybe were there now. Taken take it from me. Check in with the bankable charl, you will hear more about the quarter and where its headed. Good to see you. Great to see you, thanks, for having me. Deb, that great spinoff to people. Yes. Consistent growth. Some see a deceleration. Is that versus estimates or what you are worried about . We have a 7 to 8 groat this year, aof would have our early in the year expectations. We feel good about that. We have delivered as you know over tenplus years for growth for shareholders. Do you think there is a possibility because of a couple of Hospital Companies said some negative things that people felt that your recent acquisition made it at the Hospital Company . Its interesting, were a 30 billion company and made a 3 billion investment in high quality hospitals. Were excited about this. Hospitals are a trillion dollar revenue business. Very few high quality hospitals are engaged we are reit hospitals. A lot pre announced earnings less than expectations was on investors minds, even though they had a great third quarter. Were very optimistic about the Growth Prospects there. So you didnt have the problem with some customers not paying or some of the things there for community . I think those were very specific. Arden, itself, the company we aligned with had mid, single digit top line growth in the third and Fourth Quarter. We feel good about its possibility to grow. You are a very transparent person. You said, look, chicago atlanta and jacksonville have a bit of a glut. I think people immediately presume there is a glut of highened facilities. Thats not true. Well, Senior Housing is a great business. As you know, one of the ways we have been able to deliver for shareholders is its fueled by the aging demographic. That is a very powerful tail wind in our business. We try to be transparent and forward looking with investors. There has been some increasing development and construction in Senior Living. But we have a tremendous portfolio, great assets, great markets, great operators and longterm, we feel its a great place to be. So you dont think there is overbuilding there that will make it that you will suffer some for your earnings . I mean, no one is ever immune, i would say, we are in a very protected and great position. Were trying to give up advisors our best of windshield view i would say of what we see in the sector. But we really, its a great secular longterm business. 70 not facing supply problems as all. Thats a huge problem . Right in new york this example, we grew operating 7 in our Senior Living. Thats our biggest part of the Senior Living portfolio. Some say there is not enough yields out there. When i did my own work on this i have no friends in this business there are at any given moment, hundreds for sale . Our pipeline is incredible. Our Biggest Issue is to remain disciplined. Try to buy early cycle investments in our different segments. So we can find deals. No questions about that. Sprieed it got to a 5. 7 field . Its a triple yield, with a strong business. I like it. Yeah, i totally agree. I think its a great opportunity. Thats the chairman and ceo of ventas. If you want income, this is the place to go. Stick with cramer. In. A lot of confusion on twitter today about what i mean about a bear market. I have not said that we are in a bare market. I said that we have rolling bear markets, like the one that rolled through retail last week when bf and skechers disappointed or the one that rolled through health care when the Hospital Companies disappointed. It goes from sector to sector to sector. Its been going on for the last three months i dont think its over. I dont know which sector will be next i promised id find it for you right here on mad money. Im jim cramer. See you tomorrow hello, hello. Have a good show. Thank you, papo. I think music will forever be the bread and butter. Lets go yeah, yeah, yeah que no pare la fiesta dont stop the party i think music is the one that has created all these opportunities and these different avenues. Catch me a red one in stockholm, beirut cafe getting my drink on where all the pretty women hit the hookah all of them sweet, Azucar Azucar dale disfruta for me, the harder you work, the luckier you get. You know, opportunities happen to arise. Drop that the energetic and charismatic man onstage is forging a new path within in the music industry. Hes really figured it out