Principle dilemma of the market. What do you do if the conventional wisdom that washington cant accomplish anything is correct . Trump stump. What do you do if president trumps tax reform plans are really dead on arrival in congress . Like most of the media seems to have concluded. Even as the president tweets everything is ahead of schedule. Well, you know what you do . You end up buying stocks like amazon, thats what you do. Why amazon . It might sting when the stock, because it touched 1,000 today and it has become a storied component of the era of single okay greatness as opposed to single stock risk, so many firms say you should be scared of. Kind of, well, yeah. It is not all the magic number 1,000. Remember, amazon is the ultimate nontrump stock. Trump free zone. What does trump stand for . First, lower corporate taxes. But tax reform doesnt mean that much to amazon. Since the company could decide tomorrow that it doesnt want to show any profits for the next couple of years because it needs to spend money to dominate india, and maybe even take some Chinese Market share from ali baba. Second, trump stands for the repatriation of overseas assets at a much lower tax rate than companies would currently pay, but amazon truly has no desire to send money back here. It is more interested in developing its business over there. Typically the companies that want to bring back money tend to be the ones that want to buy back stock and boost their dividends, because they dont have the Growth Prospects overseas this a company like amazon has. Third, trump wants to slash government regulations and red tape, but it is not like the federal government is block in amazon from extending its reach. Who cares about deregulation when youve never been that regulated to begin with . If anything, i think the president s hard line stance again some of our trading partners like germany could end up hurt in amazon if these countries decide to take punitive measures against america. But despite the heated rhetoric, well, i can tell you that that seems pretty far fetched. So in short, amazon is the stock that performs better than a lot of others when it seems like trump is incapable of getting anything done and we need to adjust to the status quo of slow growth with two Interest Rate hikes from the fed including one possibly coming next month. It does seem a lot of stocks are rolling over here, but it is in the financials, in part because wall street expected trump and his republican allies in congress would be able to get a lot more done. So far with the exception of deregulation, not much has happened. So the trump stocks lan wiguage wi languish and amazon prospers. Do they split it . Forget it. Doesnt create value. Focus on the fundamentals. This crossing of the 1,000 barrier is something that psychological what i would call, i have to admit, a red flag. Why . Okay. Because when i meet with people who are my age and have seen many markets, they spoint to something called the nifty fifty, which is an elite group of Growth Stocks take went up well past their fundamentals in the 1970s that only gave up the ghost as people realized their prospects werent as rosie as initial thought. This nifty fifty concept went handinhand with a blue chip buyandhold philosophy that said you didnt need to touch these stocks as they would just keep going higher. Bye bye byexbye bye bye. Of course, it ended badly as these okays didnt crash so much as they went down inexorably, a death by a thousand cuts. Only a few ended up making money if you didnt get the early sell call. It wasnt as bad as the dotcom met down but kept people out of the market for ages, as i can attest as my father struggled mightily before admitting defeat and taking a beating on the worse. The nifty fifty soured a lot on stock. Thats not unlike what happened in 2000, 2001. That seems to be reminiscent of the way amazon stock feels. It could be what my squawk on the Street Partner kicked around as nifty fifty 2. Stocks like amazon or tesla, we could talk about that, or an alphabet, theyre beginning to feel anointed in part because they dont need trumps help and in part because theyre in secular growth mode, meaning they dont need a Strong Economy to beat the numbers either. So theyve got tremendous momentum. I am conscious weve gone up, lets say, 33 . Some people can feel thats too much. By the way, alpha is up 26 on top of last years gain. Before we jump to a conclusion that the stock of amazon has gotten ahead of itself, can we please examine the situation . First, i think we all have to admit amazon has done a remarkable job recruiting them and then getting them hooked on amazon prime. If they decided to raise the price, i think wed all pay it. Theyve also become the goto Cloud Company that Amazon Web Services for other businesses. Theres a lot to like. You could say the move is deserved as long as the Company Keeps executing. Remember, amazon is only a small part of the worlds retail sales. 90 in this country is still done in bricks and mortar. Theres two ways of resolving the nifty fifty 2 we talked about on squawk on the street today. First we begin a long, hot summer, one after another these thriving stocks stops and starts before carrying lower or we could get broader and more stocks could join the party. You cant have a nifty 2 fiflty or nifty 500. Thats not nifty. It is a broad based power with staying power. You cant let off a market with massive participation of all kind. Remember, it is not all just tap. So we arent there yet. We cant make a judgment. Who knows what will happen if the bears are wrong and the president actually gets his way on some tax reform, any tax reform, even if it is pushed out to 2018. But the bottom line is that we need to be cognizant a few big capitalization nasdaq stocks are leading this parade and there really doesnt feel like enough followers yet to make us more comfortable. I say, sure, book a profit if you would like to. You know, we took some from my Charitable Trust today, can you follow along on democrat, why . Because we felt like pigs and bulls and bears make monies, but pigs get slaughtered. Still, i dont think the move is as narrow as it might seem. Amazon is a bit of an oddity, an o outlier. Outly, plenty of value to have especially on 3 to 5 pull back if were lucky to get one. Lets go to doug in phimichigan caller i love your show and appreciate the hard work you put into it. Thank you very much. I appreciate that yourself, working most of sunday and monday trying to get this show up. What is up . Caller my question is about actors supply. Theyve been a Great Growth Company for years and years, but in the last six months they reported a couple of tepid quarters and did an acquisition of a Company Called tech sense that seemed to be pretty unpopular with investors. Do you think the growth story is over . Yeah, i kind of do. I also think that they got hurt by amazon, and i think that that gentleman farmer kind of feel, kind of lets just say that they dont have the stores opened, they caught peoples imagination, and now i think people have seen better prices at amazon and the stores have lost their pizzazz. Anthony in new jersey. How are you, anthony . Caller good. Quick question. First time, new with stocks. I was looking at go pro, it is kind of new for me, i see it is on the way down. For me fresh out of college, do you think it is a good by, something to stick with or should i steer clear of it . 8 im so funny. How many times do i see people using their go proceed. How many times do i see things about go pro. How many weekend movies ill watch are made with go pro. How about two down, four up. Youre just starting out now, i mean i really think you should be thinking about something that has met the quarter or beaten the quarter because thats where the growth is. Go pro seems to have maxed out on growth. So i would say two down, four up. We have to listen to chosen few. I wouldnt bite off the market yet but we need more participation. Makes me want to be a little more cautious. Like i said, took a little off the table for the Charitable Trust today. Mad money tonight, a company that is up an astounding 50 yeartodate. Can the move continue . I was going the tell you what im eyeing but i want you to watch. Philip morris has been under performing as smoking becomes less and less popular, but if you think the story is ex tingished, think again. Ill tell you if the company can do more than blow smoke. For years the dollar has been on top of the mind for investors, but with the value of green back dropping could it be good news for the rest of the economy . Im going off the charts to find out so stick with cramer. Dont miss a second of mad money. Follow jimcramer on twitter. Have a question, madtweet. Cnbc. Com or give us a call at 1800743cnbc. Head to madmoney. Cnbc. Com. Youve watching cnbc, first in business worldwide. Hey, the future, whats her problem . Apparently, i kept her up all night. She said the future freaks her out. How come no one likes me, jim . Intel does just think of everything intels doing right now with artificial intelligence. And pretty soon ai is going to help executives like her see trends to stay ahead of her competition. No more sleepless nights. Were going to be friends im sorry about this. Dont be embarrassed of me, jim. Im getting excited about this we know the future. Were going to be friends because were building it. You realize the smartest investing idea, isnt just what you invest in, but who you invest with. When a quietly underappreciated stock finally grets the love it deserves from wall street, you can rack up some incredible gains. Just look at whats happened with cramer fave auto desk, adsk, the maker of Computer Assisted Design Software used in architecture, engineering, construction, manufacturing and even the entertainment industry. Only a few months ago i was telling you that auto desk was pretty much the best tech stock youve never heard of. Since then its given you a phenomenal 34 gain. Hallelujah. And is up roughly 90 over the past 12 months. Single stock risk. In fact, did you know that auto desk is third best performing in s p 500 for 2017 . The reason i want to revisit auto desk is this was imminently getable. It is just as important to learn from winners as it is to learn from your losers, i didnt explain how we figured this one out. Perhaps more important with auto desk up so much, we have to ask it, done or room to run . First of all let me give you background. One of the reasons people missed auto desk is because people arent familiar with what they do. See, this isnt a facebook or an amazon or an alphabet or even nvidia. Auto desk is about what is known as the enterprise. Businesses need Computer Assisted Design Software, not individuals. So what is computer assisted design . A lot of people ask me. I said, jim, you told me, i didnt know what it was, i didnt buy the stock. Let me give you an exciting example. One of automatic owe desk customers is a Company Called mega bots who makes jien robots for fighting competitions. It is a real thing. In the fighting robot business you have to big custom made parts. They use auto desk to design highly accurate three dimensional parts. They cut mega bots average modelling time from a week to a day or two. Or if you are an architect trying to draw up blueprints, you get the job done faster using the software rather than drafting by hand, saving your clients time and money. Basically, this Company Helps translate ideas from your imagination on to the computer screen, and then from the computer screen into the real world. Thats computer assisted design and auto desk is the king of this business. Anyone who has used their software knows the company is basically unrivalled. Auto desks biggest competitor is piloted versions of auto desk. Now, what made me so confident that this stock would catch fire when i recommend a few months ago . Even though auto desk has a phenomenal problem the stock has been a bit of a snooze fest for years going into 2017. But spent a lot of time trying to get the bus mess roaring again and by february it seemed clear it was paying off. They used to be a Traditional Software company. When you bought a program, you paid a big up front fee for a perpetual license and that was prete much it. Roughly 2 1 2 years ago they embraced the cloud. Now you pay auto desk every month to keep using their software and keep getting customer support. That is giving the company a much larger recurring revenue base. Remember, everyone likes recurring. However, for the first couple of years since the sense auto desk suffered as the company was given up the up front lump sum license payments. It confused people. Over time the subscriptions add up and i figured it was the year the company would get credit for its metamorphosis. The other problem is pi razzie. They have a little more than three million paying customers but some people think they have possibly 12 million pirated customers. Lately theyve gotten aggressive on kraking down on pi razzie, and it might convince some people stealing the software to pay for it. A win that wall street didnt see coming until today. Put it together and you had an old line fuddy duddy thats suddenly forecasting a 24 annual growth rate. Thats an amazing number, one more reason i pounded the table on this in february. What happened since then . Four days after i recommend auto desk we learn that the companys long time ceo carl bass will be stepping down almost immediately. While the stock dipped slightly in the news turned out to be a fabulous buying opportunity as the two interim ceos have been with the company for decades and know what theyre doing. More importantly, the Company Reported two squaquarters and w we heard from them in march, headlines were better than expected but guidance was worse. The Stock Plunged from 89 to 82 over the next few days. Totally getable, as a bunch of analysts raced to upgrade the stock at the time. If you had worries, they were put together when auto desk reported again a week and a half ago. The company delivered the best top and bottom of this entire concerning council. Investors were willing to look past it and foej us on the important part of the story, the stronger than anticipated subscription revenue, recurring revenue. Thats why stock shot up 15 the following day. How did we nail it . It didnt come out of left field. The company has been working for years to bolster its subscription business. What changed is they finally reached the Tipping Point where wall street is giving them credit for it. Okay. We patted ourselves on the back, we missed something here. But were trying to explain why we spent so much time on it and it is not fang. Can the stock keep climbing on is it done . If you bought auto desk on my recommendation you are up 34 in less than four months. I wouldnt want to ring the register on that position. Would i take more profits . Well, auto desk is hitting its pargts. Piracy crack down is working. It is on track to be a compelling growth story. At these levels the stock is expensive but it trades at more than 12 times sales which is getting to nosebleed territory. If the story falters for any reason, i can see the slok getting slammed. I think the story remains too unherlted and will pick up add heernts who are figuring out how big it can be, even if it is only it wasnt as good as at 83. I love it to fill that gap. Here is the bottom line. I am still a huge fan of the stock of auto desk and the company. But if you bought the stock after i recommended in february, im blessing taking some off the table. Given the longterm growth targets i would hold on to the rest. For hose who dont own any, when we get the inevitable nasdaq pull back i want you to keep it on your shopping list. Why . Because auto desk is a winner. Much more mad money ahead. Tobacco may not be good for the soul, but could it be great for your wallet. I will tell you if theres still more room to rise. Another lower dollar. Im going off the charts to see if the green back can continue its decline. With the market focused on high tech gains, are we missing the move in the transport index and what is it telling us . I will tell you if it is time to hop aboard the transport or to get off. So stick with cramer. Think again. This is the new new york. We are building new airports all across the state. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. And new University Partnerships to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 509 on auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. Youre probably not aware of this, but tomorrow is the World Health Organizations world no tobacco day. So ahead of the celebration lets address the elephant in the room. In my entire life smoking has never been less popular than it is now. Everybody recognizes it is a felgty, dangerous habit. Smokers are reviled. And yet somehow Philip Morris international, the huge worldwide tobacco play, has one of the hottest stocks around. Philip morris has seen its shares rally more than 30 yeartodate. Hallelujah. Trouncing the 8 gain the s p 500 of the same period. You know what . I think we got to ask ourselves why and how this is happening given what we know about tobacco. Dont get me wrong, this company is extremely well run. The industry is consolidating with lots of big acquisitions resulting in fewer competitors, which always helps, right . Also as you might figure from the name, Philip Morris international does business overseas particularly in less developed countries that havent cracked down on smoking as much as we have. I have recommended to stop repeatedly. Cigarettes are indeed supposed to be in longteam decline, right . On top of that Philip Morris is what we consider recession proof stock. Even if smoking is gradually getting less popular, it is still addiction which means cigarettes are the kind of thing people keep buying even with the economy slows down. You expect the stock to catch fire when everyone is worried about weaker economy and moving their money from risky sicyclics into steady Companies Like tobacco companies, so it is hard to square this move. You dont expect Philip Morris international to be on the new high list when were breaking dow 2100, do you . Nevertheless, after a multiple year of underperformance, with the stock lagging from 2012 to 2016, it is clear theyve gotten their groove back. First of all, for my fellow nonsmokers in the audience, let me explain. Nine years ago they broke themselves up into two businesses, a domestic that kept the name and Philip Morris international. Think marlboro, virginia slims, many others. For many years this company was about the marlboro man. These days theyve been moving into the new nick teen front tears, the socalled reduced risk products known as smoke. Thats a horrible smell from the smoke and the tar. Presumably helps Electronic Cigarettes are less unhealthy although thats kind of a pretty low bar can go pretty much anything is less unhealthy that smoking regular cigarettes. After years and years of stagnation, Philip Morris has come up with a growth product. Their smoke free tobacco platform has become very popular overseas and currently theyre trying to get approval from the fda to sell in the u. S. This i 2 sos platform is supposed to be like a better, meaning like tobacco cigarette. These things are selling like hot cakes. In some places Philip Morris is having trouble keeping them in stock. Plu, in many countries the taxes on Smokeless Cigarettes are lower on the cigarette taxes meaning more goes to the companys bottom line or sales are better because theyre cheaper. How is Phillip Morris actually doing . The last time the Company Reported over a month ago, the headline numbers were kind much disappointing. She lived a 5 point earning miss. Weaker than expect. However, raise it full year guidance for the year and it is the guidance that matters. Thats why when you call and say, listen, i have bought this stock at stow and son and usually. Usually it is for their smokeless iqos platform. They have launched this thing in key cities across 24 markets worldwide and it is taking market share in japan, indeed, in europe. How fast is this thing growing . Well, at the beginning of this year Phillip Morris had the capacity to make 15 billion units a year, thats billions with a b because smokers can go through hundreds of these things in a given year. Theyre wanting to expand production and by the end of the year of 2018 manufacture 100 billion units a year. Theyre expecting fabulous growth here, hence the fabulous outlook. They need it considerable that old school con bustible cigarettes continue to decline. In the latest quarter morris saw its normal cigarette volumes shrink by 11. 5 . Ouch although some of the shrinkage is the company is getting rid of the cheaper brand and focusing on the premium part of the portfolio. Here is what matters. With the decline in the business, morris believes it can generate 12 to 9 Earnings Growth up this year in part thanks to the strength of the smokeless business. The day after the Company Report the stock fell. Right into the decline a bunch of analysts came out and said you were getting a fabulous buying testimony. Theyre right. If you listen to them youre know up about 9 a little more than a month, two more points. Earlier this year we talked about the ponssibility of gettig back to undo the break up. I like that possibility. Theres been a lot of chatter, since theyre buying reynolds to becoming largest tobacco company. Say what you will about the trump administration, these guys are very much in favor of deregulation, right . Trump stop, trump stop. Nobody hates regulation more than the tobacco industry. That may not be great from a Public Health per expespective. It is easy to see why Philip Morris might want to gobble up to get large u. S. Exposure. Traditional stock has been on fire since that deal was announced. One more reason for Phillip Morris to pull the trigger on altria. Second point. Phillip morris pays you a 3. 5 which is pretty darn attractive in a world where the tenyear treasury only pays you 2. 2 . Seems it is going to pay you a little less. In fact, the biggest part of the rally is the bond yield makes things attractive. Here is the bottom line on the tricky, hard to understand story. Phillip Morris International is on the upswing and on the upswing for good reason. The companys smokeless Tobacco Technology is taking the world by stock, and the business is on track to grow its earnings nicely even as a core gret business continues to shrink. The stocks had a good run. Think it is worth buying. When we get a worldwide pull back, as the company has so little connection to any economy it might be one of the first stocks to bounceback from a broad blaze decline. Go to lolly in ohio. Caller hey, jim, how is it going. Unreal. Welcome. How you doing . Caller doing already. Im sitting here with my 14yearold grand some. Fabulous. Caller my question is, is it a good time to invest in serial companies such as kelloggs now that the kids are out of school. My grandson is tearing up the cereal. Thats a great question. Ive been eating smart start my fatherinlaw gave me. It is killer. My doctor wants me to have carbs in the morning, say it is good for my heart. Here is the problem. You are counting on a take out, so while me, your grandson, but the problem is it doesnt have the kind of growth we want. You will get the wheel, wait for take over or maybe some sort of, again, reorganization. I would rather own growth even as we all the three of us think that theres a winning cereal out there. Lets go to dan in connecticut. Dan. Caller harks jim. I would like to give you a nice rainy connecticut booya to you. Indeed. Okay. Whats up . Caller im calling about a cramer, Buffalo Wild Wings as they face a proxy vote led by an activist investor trying to get four Board Members on the board. With a major downgrade today, do we see a plague ahead of the vote. We have to understand that it has lost its favorite for me. It was popeyes and i liked it. I walked away from Buffalo Wild Wings because it was stagnant growth. I think theres lots of ways for Buffalo Wild Wings to do better. I dont want to throw the story away but it is going to be rocky for a little bit for those who want to hang on. By the way, wing prices may not be going in your direction. Holy smoke. The upswing in Philip Morris has substance. Much more ahead. With the dollar declining the u. S. Economy should get a boost. But could it move lower and how will it impact your packet book if it happens. It will be surprising. What is it signaling for the overall. Stick with cramer for lightning round. Welcome to holiday inn thank you wait, i have something for you making every stay a special stay. Holiday inn, smiles ahead. Whether for big meetings or little getaways, member always save more at holidayinn. Com never underestimate the importance of currency. For years u. S. Based International Companies have gotten slammed by the super freaking strong dollar. Remember, stong green back is real bad news for any company that does a lot of business overseas. Because it is foreign earnings are translated into fewer dollars. Conference collector, Conference Call weve heard that things are good excluding the impact of currency. Its been a serious headwind, but lately the dollar has finally started to get weaker and that could be a real boone for the american economy. Thats why tonight i want to go off the charts with the help of carolyn, the brilliant technician that runs a website, one of my colleagues at real money. Com. I want to get a better sense of what is happening with our money. Specifically we are looking at the dollar index which measures the value of the green back against a host of major foreign currencies. Look at the weekly chart of the collar index. We need to go with the weekly chart rather than the shorter term daily chart because were looking for evidence of a pattern here. What does broeden see in this . After it is pulled back, she has spotted a number of signs that made her think the dollar could be ready to resume its rally. If i only told you what you wanted to hear, it wouldnt be all that insightful. Why does she think the dollar is likely to move higher putting the squeeze on exporters . When you take a long view here, you can see that the dollar index has been making a pattern of higher highs and higher lows, more importantly. Higher lower for quite a long time. As long as it holds above its lows for over a year ago, in may it came back to the low 90s. She believes we will ultimately receive it, you move up. Perhaps more important, broden sees three major supports for the dollar index, all which run from 95 to 96 in change. Given it is currently at 97, theres no question these desupport levels are deholding. As much as we want a weaker dollar the chart seems to suggest it is not in the cards. It is not just broden doesnt believe the dollar index has much down side, she thinks it is kind of due for a bottom. Why . Some has to do with the concept of symmetry she studies. Often tend they tend to be similar in length to past lose. Hence sim try. It might sound like a bizarre way to predict trajectory of any kind of security but fact is it tends to work more often than not. Point out that the recent decline lasted 20 weeks. 20 weeks since its peak right here. Thats similar in duration to the past four dliers from 21 weeks, okay. 22 weeks, 24 weeks, you get it . Again, it may sound very good, to say the dollar index dropped for 20 week last time around, it is probably ready for rebound. That analysis would have worked the last foufr times. Thats not a coincident. Symmetry in the charts is good at predicting when it is going to change trajectory. Theres methodology based on ratios discovered. They repeat themselves over and over in nature and have been working well for us on mad money. They also tend to show up on the charts. So broden looks at the size or duration of past swings, runs them through the bin auchy ratios and finds prices or dates where decline is likely to turn into a rally or vice, verse ah. She cited a bunch of cycles that come due in early weeks of june, typically next week. She is not taying sayinghhh broeden is reading in the charts the recent pull back likely ran its course. Possible the dollar bot onlied last week. She wouldnt be surprised if it goes from 97 where it is now to 105, which would be a pretty substantial mover for a country even if it sounded like not very much, and would cause a slew of international cuts for the companies located in the u. S. How about the shorter term daily chart of the dollar index. Broden spotted another cycle here that reinforced her view it is probably headed hire. Look at data for the past year. It takes the dollar 37 to 40 trading days from one low to the next. 37 days, employee. 40 days, low. 37 days, low. If we assume the bottom index was finished going down, as long as the key sport levels we mentioned earlier are not getting violated she is willing to be patient. Given you the bottom line. On this very contemporary view, as much as i like the focus on the fundamentals of big issue companies, big issues like currency matter to the stock market. If you thought the horrible freaking super strong of golf has gone away, she says, not so fad and will resume in a minute. Programs it is bottoms already. Mad money is back after the break. I like russo. His on off splits are the best here. Yeah, but his offensive win shares didnt even break 4. Come on, check out that stopandpop what do you think . My tradeoff analytics indicate no one creates more space on offense. This allows him to nail a jumper from a densely populated urban area. What youre trying to say is from way downtown . I am still learning. I can see that. Lightning round is sponsored by Td Ameritrade. It is time time for the lightning round. Question play it. And then the lightning round is over. Are you ready . Steve, that for the lightning round. Start with mario in indiana. Caller yes, jim. How you doing. Whats up. Caller im curious about kroger stock . You know, this is a com pettive market, and i got to tell you the supermarkets dont have enough inflation. Talk to me in six months, well look at it then. Dan in missouri. Dan. Caller jim, intbooyah. I bought Chicago Bridge and iron. No, too much infrastructure and on the hook programs for some big Construction Projects in the south. Dont want the touch that one. Ryan in my home state of new jersey. Caller booya from new jersey. My question is 3d systems. No, i dont want to own that, not with some of the other companies coming on. When you start seeing 3d from iconic i dont want to mess with it from 3d systems. How about ibor in north carolina. Caller im a first time caller and i appreciate your show. Im a retiree for a year and half and you have given me a lot of information. Thank you very much. Caller my pleasure i assure you. My question is regard to the only speculative pip stock in my portfolio which is country wide holdings. I wonder what you think about it. Country wide what . Caller country wide holdings. Country wide . Caller country wide. Im missing it. Caller country wide holdings, dwh. Oh, camping world. Camping world, i got to tell you i think it is well run but, boy, theres a lot of competition in the space which is why the stock has been under pressure. I have the see what happens to gander mountain. I cant recommend the stock when theres that much competition. It is a dog eat dog world in that segment right now. Lets go to unjan in georgia. Caller intoya from georgia. The company has been operating at a loss past three years and competition continues to increase in the payment space. Do you think square is a longterm hold or just shortterm everybody keeps saying the competition is in the payment space and me miss mastercard, visa and miss paypal and now theyre missing square. I think that jack dorsey should ring the riegister. He should say, i. I made it go from 11 to 22. Sarah is in charge and he has been fulltime for twitter. It has to happen. I do like square. We use tab. It is a very good product. Erik in new jersey. Caller hey, jim. How are you . First time caller, long time listener. My stock is viacom industries. Want to know if it is a good time to get in . I dont know. It was not a regular myth. I would hold off on that one, it was a nasty miss. They have to do better before i would commit. That is the end of the lightning round. The lightning round is sponsored by Td Ameritrade. You know that thinkorswim seamlessly syncs across all your devices, right . Oh, so my custom studies will go with me . Anywhere you want to go the markets hot sync your platform on any device with thinkorswim. Only at Td Ameritrade has this rally run out of steam . The market took off like a rocket after the appointment of a special prosecutor to look into the trump administrations bizarre relationship with russia and the s p 500 went on to close at a series of record highs before todays pull back. Many long time watchers of the tape suggest you have to look at the dow jones transportation average for answers. If the dow transports can break out, the saying goes, the rest of the market can keep climbing because the transports are a great way of measuring the health of commerce in the country. As it stands though, the transports are way off their march 1 highs, which i think is a bias disconcerting. Since then much of the move in the averages has been all about a series of fast growing tech stocks. I would like to see some validation from this rather Old Fashioned group of rails, truckers, planes and barges. Why not . We know the recent rally wasnt driven by the financials. Thats a big group. Because with the exception of a couple of credit card and insurance stocks this group has done nothing to help. We know the industrials have become hit or miss. Some of the misses generally coming from those tied to the oil industry in some way, shape or form. We know retail has gotten little to do with the run at all, right, unless we are talking about amazon, walmart, costco and ulta. It hasnt been a general leader in ages. To monitor the real health of the market, given that the power fang with two as, apple and amazon, two ns, netflix and nvidia, has become long in the tooth. Loot of people chattering about this saying maybe fang has gotten too far, too fast. First thing is notice with the transport how few stocks are doing the heavy lifting of the plus 13 . Two of the best performers are related to each other. The railroad csx up 50 and Norfolk Southern up 1515. Hunter harrison was appointed as ceo, used to be at canadian pacific. This move has become stuff of legend. Before he stepped in bears were circling former ceo mike ward. I didnt know a soul thought he was doing a mediocre job until he left. The performance of the stock once harrison took over says the railroad wasnt delivering on the full position. It is not like Norfolk Southern has been performing poorly. The rail has been void by the coal come back which is in part politics and economics and it is cheaper than natural gas these days. Who else is leading . Southwest air, a symbol we love, with a stock up 19 because of pure execution. It remains the other stalwart in the index. Im owns this rocket of an airline. Only a handful of double digit winners, namely kansas city southern, up 13 , another railroad which trades based on trumps nafta strategy considered more benign than when the year began. United continental is up 9 , perhaps ironic given the Public Relations debacle earlier this year. Most airlines are flat give or take 3 or 4 . Truckers are terrible. The positive fedex cancelled the negative ups. The bedraggled unknown freight forward and logistic companies, theyre awful. Oh, and avis worst of all, down 40 . I think a candidate for kickout at this space. What can i say . I have to tell you i find the action in this group disturbing. You remove csx, Norfolk Southern and southwest, you have a group that confirms the bond market advance, meaning Interest Rates going down and not the stock market rally, stocks going up. There are too many negatives with a total of eight down for the year. It is not a group you want to own. Now, i would love to quibble with the bakmakeup of the transportation index. We swap in xpo loggisinces and kick out ryder. Maybe you limit the need of a rental car all together, and avis down 40 is gone. You cant look through an index like that. The dow jones transportation offers no solace for the bulls and without a resell ration makes you feel the rally is not confirmed by a group i always thought has to be appeased if were going to get another leg up from here. Stick with cramer. H me, mr. Par. When a critical patient is far from the hospital, the hospital must come to the patient. Stay with me, mr. Parker. The at t network is helping First Responders connect with medical teams in near real time. Stay with me, mr. Parker. Saving time when it matters most. Stay with me, mrs. Parker. Thats the power of and. Bp developed new, industryleading software to monitor Drilling Operations in realtime, so our engineers can solve problems with the most precise data at their fingertips. Because safety is never being satisfied. And always working to be better. Whats Critical Thinking like . A basketball costs 14. Whats team spirit worth . cheers whats it worth to talk to your mom . Whats the value of a walk in the woods . The value of capital is to create, not just wealth, but things that matter. Morgan stanley at crowne plaza we know Business Travel isnt just business. Theres this. a bit of this. Why not . Your hotel should make it easy to do all the things you do. Which is what we do. Crowne plaza. Were all business, mostly. I think a lot of whats making people weary of the market, the action in both the banks and the oils. I do believe oil can go back to 45, 46, stocks or trying to put in a bottom theyre a little dicey here. The banks, i dont know. I mean jp morgan down this much, im getting tempted. What can i say . I like to say theres always a bull market somewhere. I promise to try to find it for you right here on mad money. Im jim cramer and i will see you tomorrow welcome to the, where entrepreneurs seeking ane, investment will face these sharks. If they hear a great idea, theyll invest their own money or fight each other for a deal. This is shark tank. Hes hoping to whet the sharks appetite with his idea. Hello, sharks. My name is les cookson. My product is the carsik bib. I am seeking a 30,000 investment in exchange for 15 of my company. Now just imagine for a minute, that youre driving down the street with your beautiful little child here