Is that the new diddy . Behind the initial selling yesterday and today . The dow gaining 49 points. Nasdaq climbing 8. 39 . Why not . Weve got 22 days, 22 Business Days in june that the swoon could happen. So why not go with the other half . Sell in may and go away . 22 days to be right. Look. I hate these poetic tid bits. If they didnt rhyme, i doubt anyone would give them a second thought. When can we just start hitting everyone . Hitting everyone who trots out with a 2 x 4 and make them see stars . The problem is that it is much easier to be publicly embarrassed than it is to be publicly bullish. Particularly in this market. It can always be wrong and negative and no one will call out on that. Nobody cares about the bears who use these phrases as watch words. For example, the odds are good enough that it is worth uttering this moronic phrase. If the market goes down at any point and youertered it, you look like a genius. You can raise fortunes off it if things go wrong. And nobody will even notice that you made a mistake. Which brings me to a particular point that i want to talk about. Im calling it complacent bearishness. Earlier this morning i engaged in a debate with my colleague at the street. Com. About the question of complacent bullishness, as he called it. Right now there are too many people who are matter of fact bullish. Not skeptical enough. How expensive the market is. I disagree. You see, i think when you hear sell in may and go away, or you have to look out for a june swoon. Theyre part of what i call the complacent bearishness of the market. Theyre warnings that frighten. Sirens that call you to lighten up. A period of time that sure, might have been difficult at various junctures in the history of the market but otherwise present strong. We accept this now as gospel. We accept it because were beaten down about the possibility of making money in this market. Contrast that with the old days when i first got into the business. Right now traders are busy talking about how to play. These days you take your professional life in your hands if you talk about a summer rally. The market sells off even temporarily, you will see that summer rally video clip played endlessly. Your reputation will most definitely suffer. Twitter . You would never be able to look it a. I dont like summer rally talk any more than i like the summer may and june gloom. Nor does it have the pre lose. You may recall this started off horribly. After the market had been going down. An opportunity at worst. And it passed by. It seemed daring to be calm. Because there had been many previous instances where a year that starts bad does end it which is why so many are telling to you get out. When we got to the end of january and the market was still down, a lot of people bailed because of the socalled precedent. Thats another sign of the complacent bearishness. It would have been easier to agree with the notion as jab goes, so goes the rest of the year. It would have been easier but in retrospect it would have been wrong. In fact, lets consider the complexion of this year. Weve had a series of roving bear markets followed by ramping bull markets. Each sector regardless of the calendar is taking its turn being ravaged. Loyalists, retail, pharma, biotech, and all with the exception of some retail were buying opportunities. Especially tech where the doctors led by broad com, the biggest winner, are on fire. And large cap pharma where j and j and Bristol Myers are needing this market now. But if you were come place endly bearish, you missed those opportunities. I dont like to see those. I know people stayed on the side lines. They should have been talking. There are loads of statistics that indicate we have more money coming out of market than any time anyone can recall including the horrendous 2008 2009 period. Bonds and cash. Perhaps one of the most salient terms of buttressing my point. Stocks and cash. I think days like yesterday and today are emblematic. Yesterday, we had in germany, france, youre, why was it . Because the dollar was weak versus the euro. That makes sense for them over there. A weaker dollar makes european goods more expensive. So youeuropean companies are m likely to lose business. Then the european selling is infectious. It reached across the ocean and caused our stock market to open down one hunt dow points. The bearishness overseas was exported to our market so easily. Even though it was based on something thats actually good for our market. The weak dollar. The thing, it is so good for our companies. Another sign of bearishness. We had an opec meeting. And it was clear they would reach no agreement to raise the price of oil. Something ive been telling you about for weeks. Selling came so easily because there is no way the market could buck oil. You could see short sellers everywhere. Aided by an estimate. Then oil stopped going down. What happens when the market comes back . There is no condition to owning anything. The sellers were more than willing to get out for fear oil might go down further. That too is come place endly bearish. Im not saying it is a great market. Not about any means. Uncertain political landscape. We seem to want to pay less for stocks than we used to. We have Disruptive Companies like amazon. If we get a weak employment number at 8 30 and the fed keeps talking about raising interest rates, well be worrying about a recession. A bad Earnings Report can destroy a Portfolio Managers year. The fact is the most complacent people are the ones who pursue stops that drop and the market assumes gigantic declines that must be side stepped or else. I say if you buy the stocks of High Quality Companies when theyre down, unless their prospects are clouded by some sort of structural change. Like the Department Stores eviscerated by amazon. Then youre actually getting fabulous opportunities that are often obscured by all the innate complacent bearishness out. There heres my bottom line. Skepticism is a good thing. Auto pilot scares, inherent calendar drichbl flight. Theyre rife in this market and thats what keeps me. Why didnt you sell in may . I dont mean to scare you away from stocks when it can create buying opportunities. It might not be literate but it is a winner. Thats what really matters. Jack in florida. Caller jim, how are you . What would that be . Caller genos to the white house. What are you asking me about . I followed you. You should follow genos on twitter. My pop and i, we had his birthday every year in the inner sanctum. Caller oh, great. Well, it dropped today with the fda change of only recovering the direct cost associated with making the drop. Number one, do you think thats fair to the drug company . And number two, would you sell the stock now or hold it since the approval is still in the air . I would not sell it. I know it is so binary. I didnt expect this negative news. But i do, you know, i cant sell a stock down 5. I just cant. But you know, it did surprise me. I was thinking of good things for the show. Robert in ohio. Before i ask my question, i wanted to say that youre one of my idols in the world of investing. I have professions of a street addict and get rich carefully and i hope i can be one of the greats like you someday. Youre very kind. When i finish the show in the morning, people want to talk to me about the shows do i. I kind of accidental, recognition. So thank you very much. Caller no problem. And victoria if youre listening, youre my heart and soul, baby, and i love you very much. Heres my question. My question is about twitter. There has been a lot of movement about twitter the past week and a half. The executives have left twitter. What are your recommendations for the buy, sell, hold . Im not going to tell people to sell twitter in 15. Some will figure it out. It has too much going for it. To say, hey, listen, this is the level . Many have tried. No one has done it. The staff worked furiously to catch one some catchy literate ways to say it. But they couldnt manage anything. What is it . Like shakespeare or bard. It may not be poetic but it could make you some money. Tonight, old tech versus new tech. You really need to decide between the two. I say not. Im going off the charts and see if we cant get it both ways. Then retail, 50 consumers and investors. Dont miss my head to head compare between tjx and ross stores. Final out which one is right for you. Im talking to one company with a role back bone, literally. Stick with cramer. Dont miss a second of mad money. Have a question . Tweet cramer. Mad tweets. Send jim an email at cnbc. Com. Or give us a call. Miss something . Head to mad money. Cnbc. Com. Hiim here to tell homeowners that are sixtytwo and older about a great way to live a better retirement. Its called a reverse mortgage. Call right now to receive your free dvd and booklet with no obligation. It answers questions like. How a reverse mortgage works, how much you qualify for, the ways to receive your money. And more. Plus, when you call now, youll get this magnifier with led light absolutely free when you call the experts at one reverse mortgage today, youll learn the benefits of a governmentinsured reverse mortgage. It will eliminate your monthly mortgage payments and give you taxfree cash from the equity in your home and heres the best part. You still own your home. Take control of your retirement today so suddenly all we care about is cars. Its remarkable how quickly ables have come to be viewed as the next frontier of the tech world. At least in terms of the amount of attention we devote. But it kind of makes sense. We could sell 17 million cars in america despite the sales numbers. We know the cars are loaded with tech and companies are doing Amazing Things. From driveless cars to electric. Perhaps even cars run on water. That was a dream steve jobs had before he died. It is the greatest thing since the model t. Of course it all came together in one package when musk spoke about his cars and apple producing a rival car in 2020. That could matter someday. It sure doesnt matter now. Apple clirnl in the realm of the imphone. Goldman sachs lowered the target. All right. What does it matter for tesla at least . You have an awfully hard time pro curing one of the cars because of the demand for teslas. The thousand dollar deposits from 373,000 people from the model three tells you that. So does prognosis that you might not be able to get your car until 2018. Thats quite a difference from the pricing invenlives. And it is why the stock is still over the 215 price. However, ive been saying it is a cult stock for ages. Meaning theres no logical way to explain how and where it trades. Elon musk has been remarkably successful. The tesla is a blast to drive. I went from 0 to 80 and i didnt even realize i was going that fast. My daughter as wants a model three. I think tesla can bring back the notion that students want to get a car as soon as theyre at the age. Thats not always the case nowadays. The tesla seems to trump all that. Im not recommending ford or General Motors at the moment. It is not as compelling at 13 and change as it was after the weaker numbers. If the connected tech loaded car is just it. And you want a way to invest, why not buy the stock of mxp semiconductor . They were on our show recently. It became the number one Semi Conductor company. Some of the most fully load luxury vehicles. The total Addressable Market or cam for Semi Conductors and cars, thought to be north of 30 billion. I think it is only going to increase over time. I know from speaking with nxp ceo a little over a month ago, that the automobile makers would rather deal with fewer than many. So it was a stroke of genius which is why it is in my trust. The modern companies see them like value traps. But it sells at just 12 time the earning estimates. I think it is way too cheap. It will be up tomorrow because of a Similar Company broad com. The bottom line, you want excitement . Go drive a tesla. If you want to make money, go buy stock in nxti. How are discount giants tj maxx and stores . And nearly 75 million babyboomers in the u. S. Alone. And tonight one company that could profit on the fact that were all getting older. Newvacin. The reality behd this could be a slamdunk in both directions. Ill explain why. Why dont you stick with cramer . This week were talking about duopolys. We love a good one on mad money. But serious competition, it is anathema to profits. They can behave like gentlemen with no need for selfdestructionive price wars. Heres the thing. Suddenly it covered with lowes and home depot. Both companies tend to do well, at any given time one will be doing better. It is and not always the same company at the top of the heam. The consider the offprice retail price. Between tjx, the parent tj maxx marshals. I like to think of these two companies as the vultures of the retail sector. Theyre scavengers that feed on the castoff merchandise of struggling Department Stores. So when a Department Store or even a specialty train has too much inventory, at the end of a given season, they will turn around and sell it to one of these guys for bargain prices. They need to catch. That is why it is one of the few bright spots in retail. With so many Department Stores in decline, ross and tj maxx have an opportunity to byproducts for a small percentage. It is considered a terrific deal. But remember, there always seems to be a top dog in these situations. In the last couple years, this was the top one. Ross. The king. Off price scavengers. Stock rallying 14 . Another 14 last year. While tjx lagged behind. Just 3 in 2015. Hmmm. However, in 2016, we see the changing of the guard. Tjx taking the lead. Up more than 8 . Ross stores declining. How is tjx seizing the leadership position . Leaving ross in the dust . And can this pecking order continue . I need to know what made ross stores the big guy in 2014 and 2015. The key to the story was the same store sales. When home depot was king. When lowes surpassed them, lowes became the anointed one. For most of 2014 and 2015, tjx had better number. Last year it crushed it. Its share price only advanced calm points over the course of a year. With tjx and ross, it is simpler than that. From 2014 and 2015, the ross stores delivered 8 revenue growth. Significantly stronger than 6 from tjx. Ross outperformed in terms of profitability with 14 . It decelerated. Not only was it giving you faster growth but provided more consistency. No wouldnt it outperformed. But we have seen a changing of the guard. With tjx taking the lead and ross stores being relegated. When both Companies Reported the fourth quarter. Stat when all the others were getting annihilated, had pretty impressive results. But jjx reported a much bigger one. However, while tjx had an amazing fourth quarter, investors were less impressed with the guidance and the full fiscal 84. It seemed to be giving a pass. It was the long time stalwart of the regime. It really changed though. I mean really changed. When these two value oriented retailers reported the First Quarter results a few weeks ago, it was shocking. I saw it. I couldnt believe it. Stock really got clobbered. Fairly tepid 2 same store. This was ross stores for heavens sake and nobody is giving them a pass anymore. But tjx shot the lights out. Higher than expected revenues. 10 year over year. And the better Earnings Growth too. Plus, tjx gave some truly magnificent same sales growth. Up 7 . Now, tjx ended up delivering the sale. Thats downright incredible. Throw in the fact that the increase was driven entirely by customer traffic. They saw significant gains in units sold and you have a double what happenedy. More important, the cadence issue. I told you everyone, theyre all just so theyre crazed about this. Unlike so many others, tjx did not experience a slowdown. In fact, the trends were consistent throughout the quarter which has become the holy grail. Remember the other was ulta salon. How is it theyre doing so much better than ross . Some of it the simple execution. Home goods sells home goods. I love my home goods store. Always start the summer by going there. The consumer isnt really excited about empower right now. People buying home goods hand over fist. Suddenly it becomes very valuable. The enthusiasm of our home goods customers is hard to beat. Also, tjx seems to outhustle stores. It is saying that they stumbled in their transition to rolling out product for the spring. An area where so many are struggling, all i can say is wow ross is down more than 3 . Tjx is up 2 . Ill bet they have more room to run. A slight for ross stores. If gap can report a good number, they deserve to go higher. Thanks to its home goods business. While ross stores stumbled right at the moment when you expect these Bargain Basement names to be thriving. I say stick with tjx. May be by more than. What a shift. Incredible. Jerry in florida. Jerry. Caller yeah, jim, thank you for taking my call. American, are they a buy or a trap . Holy cow. Have you seen that . I was looking at american and said, this thing cant move. This thing cant move. And i have to tell you something. Ill be very honest other. Than southwest air, you cant. Just too many woes. Luv or bust. Michael in new york. Michael. Whats shaking . Caller thanks. Man. I have a quick question. At the beginning, traders slash investors. Ive been comparing the four major wireless communication companies. Sprint is currently at 3. 75. So do you think it is a good, do you think it is super undervalued . Youre looking at only the stock side. If you looked at the Balance Sheet in full and look at all the debt sprint has, you will know why i am not recommending it. Tmobile is the one. Verizon, steady eddy. Who doesnt love shopping around home goods . Mine is really beautiful. You know, i love it. And i think the stock could be worth shopping and buying right here. But leave the discount stores. Transformed a Small Company with over 1,500 companies and then flipped it. Im investigating. Then a tightening of the tech industry. The winner of the technical faceoff of assist koep and corvo will surprise you. And tonights edition of lightning round. So stick with cramer. Im talking about 92 vasive that treats patients. It is the number three player behind med tronnic. This is the largest pure play. I think the stock clearly exactly the sort of thing this market wants. Thats why nuvasive may be it. He was the ceo of life technologies. He ran that company for 11 years before selling it for a big premium. If he can do the same with nuvasive, lets check in with the chairman and ceo. Find out more about how the company is doing. Welcome back. You have a very exciting company. I say that not just as a baby boomer with chronic back problems but because you are really reinventing this whole business. The whole company. Just tell people some of the new things that you brought in. Even since you came in. The last year weve been able to introduce some Amazing Things that are changing surgery. Particularly for young children. So im showing you here a magic rod. This is a rod that will actually grow inside the child. It can be extended noninvasively with a magnet on the childs back. And we save these kids their summers and christmases because they dont have to go through six or seven surgeries before the time they achieve their full growth rate. An amazing technology. Saves a lot of Health Care Money and saves the children time and surgery. At the same time, one of my favorites, bill walton, it is not just the children that can be saved. I know he felt like he was near death. Saved by something that you guys have. No one wants to go in for back surgery. Done right it absolutely restores the vitality of life and bill is a great example of that. As he tells you, he was almost suicidal. With our technology, he now has an incredible vibrant life. He is doing amazing appearances and it is a great example of the technologies. Not just for kids. It is for everyone. Lets talk about the for everyone. Im always trying to find baby boomer plays. How big are not back problems the most pervasive thing that happens as you get older . As you get older, if youre over 60, your disks are starting to degenerate and youre starting to have back problems. And back surgery in the past wasnt the most sophisticated thing. It is incredibly sophisticated. Were driving that. To where you can be in and out in a day and have again your life restored without pain. So it is a definite baby boomer play because of the age generation that starts to happen. Now youre up against medtronnic. Be a hair care company. A lot of things. These are big companies. What can little nuvasive do against a big change . Were all about taking share. Were a category focused company. The only thing we do is spine. Just because of what we just spoke about, it is a big money maker for hospital. Theyre making between 15 to 25 of their profitability off spinalrelated procedures. It is a big area of growth. And were totally focused just on that. Now i know europe has turned. Very positive. Germany is very strong. 30 growth. You have this business in brazil. You know what . All the companies that ive been dealing with in brazil. Well, the good thing for us, were starting with the small base. We can really only go upwards. Thats how we look at brazil. When you came in, you had one major product. You decided to develop a suite. Were becoming a more procedural Orient Company and ultimately a systems based company. You will see navigation technologies, Robotics Technologies where we can bring more predictability. I know when i look at jpmorgan. I really want them to be behind you. They talk about new products helping drive sustainable top line acceleration. They still think to some degree, that there is a deceleration. Top line deceleration. It is just the opposite. Were actually gaining share faster. We Just Launched technology in the last six months called reline that completely creates the Technology Good for the back, the front, the side. It allows to you measure the spinal alignment pre operatively so you know exactly the surgery you need to get done and then confirm in the surgery, the surgeon can confirm it during the surgery so when the patient leaves the table they got the exact curvature of the spine to get rid of the pain. And volumes are accelerating. Volume theres continue to accelerate. We see a good run ahead of us. Yeah. Anyway, i happen to like it. You know how important that is. I have to tell you, you made so much money for people. I think youll do the same thing. Thats the chairman and ceo. When you came on, i said you have to buy that stock. I feel the same way that this new company, nuvasive. It is time its time for the lightning round. Sell, sell, sell and then the line round is over. Are you ready, skeedaddy im going to start with joe in florida. Joe caller booya im in monsantos. Everything i listen to makes me feel gary in virginia. Gary. Caller hey, jim. Good to talk to you. What do you think . Sdws. You know . I am so gun shy in cyber security. Does anybody really care . I do. How about karen in connecticut. Karen. Caller hey, jim. I love your show. Thank you. Caller thank you for what you do for us. Okay. My question is about mccara. I dont know it. Thats one i have to examine. I dont know it. Sorry. Lets go to herbert in my home state. Caller thanks for taking my call. The gain has been made. Ka ching miles in colorado. Caller booya jim whats happening. A good number tonight. People will get a little haloed to go pro. I think you can get to 12. It is time to go. Caller i wanted to say i enjoyed reading confessions of a street addict i read it twice. Whoa whats up . Caller dow chemical, buy, sell or hold . I think the stock is 10 points under value. Right here right now. I want to buy it. Brandon in north carolina. Caller hi, jim. I have a question for you. I bought fit bit back in december and it has been a rocky ride. My question is, they have two females on the board of directors. Do you think that the stock is Worth Holding on to . Im snake bit fit bit. I like it but i cant take fit bit pressure. I mean, there we are. Remember i said that of ionis . I just feel like you have to be very careful. And fit bit oh fit bit i talk like cramer. Okay. Lets to go donna in texas. Caller booya, jimmy booya. Caller i home youre having a fine day. One of the greatest days ever. Caller well, thats great. Tell me with big lots. Big lots had a good quarter. It is time for the stores where you get the bargains, i think you ought to wait for it to come in a little but big lots is back. How about joe in connecticut. Caller is nokia a real big buy . No. Nokia is not back. Now it is just a river in finland. Thats the conclusion of the line round ices. Steve, other than making me move stuff, what are you working on . Let me show you. Okay. Our thinkorswim Trading Platform aggregates all the options data you need in one place and lets you visualize that information for any options series. Okay, cool. Hang on a second. You can even see the anticipated range of a stock expecting earnings. Impressive. Whats up, tim. Td ameritrade. Of fixodent plus adhesives. They help your denture hold strong more like natural teeth. And you can eat even tough food. Fixodent. Strong more like natural teeth. Fixodent and forget it. Any given time the technology is divided into old tech and new tech, people end to ignore the old one. Would you rather drive a horse and buggy or a sleek new automobile like tesla . Not many people like to buy the old ones when they can be playing with facebook and sales force. But old tech is something else. Value. These stocks are darn cheap. When you look at Companies Like sysco and intel, they are a totally different kind fd investment. Were going off to my friend. An incredibly important point. You dont need to choose between new and old tech. No one is saying you can only buy one variety. In fact you should not try to choose. Only one value tech and one growth tech could be what you need. You should be looking at opportunities where they can be found. Take sysco systems. Not only do we own it in my trust, but it is tim comens favorite old tech name. Even as he had to adjust that sysco might be worth pounding the table on. Lets check out the weekly chart over the past two years. You can see the stock is currently challenging the highs. These are the ones that were made in late november and the first half of 2015. Last thing cisco. It needs to confirm the nicent up trend is for real. First it needs to hold above last weeks close. It is for real. For cisco, that means as long as it stays above 28, a buck low where it traded, it is unlikely it will decline back to the old trading range. Collins likes to look at the oscillator which measures. It is a bullish crossover. Okay in so collins thinks the momentum favors the bulls. Generally this is a nice mover higher over the next four to six weeks. More important, we need to stay focused on the envelope. Which is just an area around the stock action that represents the key moving average, plus or minus a given percentage. In terms of the chart, the gold area represents the tenweek moving average. Plus or minus 7 . This matters because over the last two years, the vast majority have come after the stock is pierced the upside of the envelope. The high end is currently at 29. 80. It is less likely to pull back. Over all, they expect to push over 30 and then toward 31 and thats based on this chart and in his view, the slower the move develops interesting higher it should go. Because the slow rally gives the moving averages and the low time to catch up. And cisco does end to move slowly. But how about the monthly chart . Now that their gets collins really excited. You can see it is toward break out. It needs to hold above that level through the end of june to really matter. Given the setup we just saw on the weekly, he thinks the time to pounce is now and ill show you why. Look at the moving average. I would check this to detect changes in the stocks trajectory. This has been a big win over the past five years. The last few times it happened, buyers have been able to back a 15 to 20 gain. Put it all together and collins could see cisco climbing over the next six to 12 months. Thats not bad. What with the new tech side of the equation . There are a lot of name to like. You sudden you broad com. Collins wants to zero in on corvo. Including apple. So take a look at the weekly chart. This stock seems to be climbing its footing after getting obliterated. The stock broke out. It is now 53 and the next resistance level is at 58 and change. Now maybe a 10 rally coming out. When you look at the moving average envelope. It is the tenweek moving average. What matters is if it is in the middle of the envelope. So kit move to 58 as long as it moves up gradually. The real key is the oscillator at the top of the chart. Youve done pretty well if youve bought bullish here. Black line goes over the red. Sold bearish crossovers. The red line goes over the black. While it is not perfect, it has worked repeatedly. It is more room to run. Take a ganlder at the monthly chart. Maybe not quite as bullish. On the plus side, a similar side. The stocks broken out. However, it looks like we may be early for a really big push higher. If we go back to a major rally in 2013. The bullish crossover in oversold territory. Then in the mac d. Only after that did it go over. Right now, qorvo is telling us to wait until it gets higher. So collins recommends waiting until it gets to 58. Then whether to let it ride. I want you to stop thinking new tech versus old tech. I happen to agree with collins on cisco. I think it is a buy. My choice is nxti. Much less cell phone. Much more auto. That means you need patience to own this one and we know that patience in this market is in very short supply. Thank you. Ordering chinese food is a very predictable experience. I order b14. I get b14. No surprises. Buying business internet, on the other hand, can be a roller coaster White Knuckle thrill ride. Youre promised one speed. But do you consistently get it . You do with comcast business. Its reliable. Just like kung pao fish. Thank you, ping. Reliably fast internet starts at 59. 95 a month. Comcast business. Built for business. Two pieces of good news. First, gap stores was not that horrible. Thats not so bad. More important, we got a really good number from a Company Called broad com which i told you about. When did you the game plan, that could be the surprise of the week. Avgo is the simple. Im jim cramer and i will see you tomorrow lthat was pretty good. Mike [ laughs ]. Lemonis . A custom drum company cant find the rhythm to meet supply and demand. Mike our turnaround time is six to seven months. Lemonis six to seven months . Mike yeah. Thats created a backlog of unpaid bills and serious cashflow problems. Chris we dont have enough money to cover payroll for next week. Lemonis i mean, youre kind of closed. Chris yeah. Lemonis the owner and his righthand man are out of sync. Louie the lack of communication, i think, between chris and mike, its like its just. Exactly. Lemonis and the two brothers who started this business have split up. Scott what did i ever do to you . Mike i really dont want to get into all that. Lemonis . Causing a whole nother layer of crippling issues. If they cant fix their process and their relationship. Mike fixing the business and this [bleep] is hard enough. Lemonis . Theyll be forced to close their doors forever