Talking on scott wapners half technical foul report, that the stock had come down too far too fast i like nvidia the company very much, so does andrew by the way, and when i debated him about it, i thought he made a lot of sense, the stock had indeed gone from 102 to 168 in a little more than six weeks. Yet i felt that the analysis was a bit more than a speeding ticket for nvidia. The stock had accumulated for going up, up, up we agreed to that today when scott wapners Halftime Report and it got a lot of tourists i love that. And these tourists were easily panicked, they were fellow shareholders that had to be shaken out with nvidia down from 150, down from 168, is that enough of a correction to get him started with some buys certainly at 1. 68, i think the answer is yes. But i also have to tell you, that the first buy if you missed the bottom today, may not be your only buy. The second reason for the decline, kind of thoughtful, but i think mistaken downgrade of apple today. New name in the stock. I thought it was hey. Was trying to get ahead of the eventual lett down of the stock like all the hoopla thats being built up here ahead of the supercycle launch. So i think its ill advised. Okay, for starters, the report talks about the valuation of the stock being too high in reality the stock is cheap, in relation to most tech Growth Stocks and all the Consumer Products companies which i think are at the most. What terms will be a lull in buying in china. The phone is too expensive, theres a lot of work on that. Something i take lightly. Only accelerate as the ecostock. Apple had 250 billion in cash. To get any major legislation, this repatriation will be the easiest thing. I think thats too low finally the analysts outraged dismissed the new home pod or anything thats ancillary to the pod is unimportant i not only believe, i fundamentally honestly believe that amazons got my take, apple is a highly visible stock and carrying a high level of weight the high level of trading the past few days, if you think as i do, that this is the Strongest Company in the world with brand loyalty, the only thing that happened is that the stock has gotten cheaper i believe that facebook and alphabet are now inexpensive if you look out to the end of 2018, even if they might seem expensive right now. That valuation on the out years makes me confident that if you dont own one of these, youre getting a chance to adhere to weakness, and then perhaps you can buy lower if we have a down day or two amazon is more difficult to value. Theres nothing wrong with either of these two companies, but the stocks do need to be rewarding to buy there are a host of other companies that fit this pattern including sales force. Com, adobe and auto nation. All of these stocks have gotten cheaper too. They managed to rally without any push at all. I think the analysts community will be out in full force defending all these stocks tomorrow morning, they didnt want to come out today, tee dangerous, i cant tell you when those stocks will bottom, perhaps they already did today, i can tell you that you dont often get a discount in these high quality names, and there could be further markdowns, its a buying opportunity, not a red flag about something that must be avoided now theres a matter of this rotation out of high grade into value. I think the change makes some sense, i regard all value as just not as intriguing to mutual funds. The banks need the fed to raise rates more than a couple of times. Its not in the banks hands the retailers but we have had a couple of days of rallies, now what, were not going to hear any great news, the oils, they cant go any higher until crude has a big run. Health care, theres got to be a catalyst like a takeover, i cant see one. Unlike the Tech Companies i have highlighted, these value plays do not control their own destiny at this point in the business cycle. Its their inability to control their own destiny that makes their stocks difficult to rotate into or even gravitate towards these the profit driven kind of selloffs are exacerbated not by stock downgrades or by short seller critiquings like that of nvidia, but outright short falls on the numbers the i dont think so fed meeting, no earnings for ten days, i like that, bottom line, is that all that cuts for oil decline that gives you a lets go to norman in florida, norman how are you, jim . I am good, norman, how about you . Caller i am fine, thank you, good to hear from you, thank you very much for 12 years of mad money. I appreciate that, we have been going at it for a long time now, but thats all right, were just Getting Started how can i help caller im an owner of yahoo and we have got all this dutch auction kind of thing, i spoke to my broker, who tells me all about how it works but he doesnt tell me what to do about it. I thought maybe you might have an opinion i mean i think youre supposed to sell into the dutch tender, youve got to talk to him about arranging that sell. Because were done, there will be no yahoo its just going to be a holding company, but i think hes got the instructions that you need to be able to do this i do want you to tender into it. Terry in nebraska, terry caller hello, jim, thanks for having me. Of course caller quick question, is snapchat a good buy right now . If you like snapchat, why not wait until snaps lockup expires and you have about 900 million shares coming into the market in august, the market might discount that ahead, but you will be getting a better price than what you have right now tom in florida, tom. Greetings from hot and sunny sarasota, florida. Always sunny in sarasota yes, sir, yes, sir. Caller i have read your book carefully and watch your show every day, thanks for the help im a recent retiree, recipient of a large retirement benefit, versus a monthly annuity, im always looking for wide mode growth the stock had a 1. 4 pull back today after a short runup. The dividend is down to 1 , but sherwinwilliam has a history of good dividend holdings when do you think i should think about closing. That deal has closed . I think sherwinwilliams had an excellent quarter. The stock on a 374,000 basis. If you want to buy 200 shares, i would buy 100 shares here. But the combination is a sensational combination of codings and it was a brilliant acquisition when they championed it and the stock was down to 260 the sale, it could still be on, it not a reason to panic, its a reason to buy high quality merchandise at a low price with temperatures heating up across the country, is it time to jump into your pool corp . Im taking a deep dive into the stock right after its double digit move and this is pixel pioneer, is it a buying opportunity or selling opportunity. Stick with cramer. 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 when ge announced this morning, that john flatterity, would replace longtime ceo jeff inmow, i saw the stock jump a buck before formal trading even started for the day. So no matter what i have to say about this change, it really doesnt matter, does it . The market has spoken. The market is a brutal task master you are what your record says you are. And that huge gain on the news says the record simply wasnt good enough for him to stay on at the helm. It doesnt really matter how you slice it ge, for instance, is the worst performing dow stock, its down 31 , compare that with apple, up 697 much has been made of the fact that the ceo was made just before 9 11. But boeing stock has advanced 289 during that era perhaps you consider it a highminded comparison who left him with the company that had an impossibly high valuation. And we should look over a shorter period of time first i could argue that welsh is immortal. And its not like i second, hes had six years to get it back to where it was in fact the stock went from 10 billion to 210 billion. The average person on the street would say that steve jobs was irreplaceable. And yet under tim cook, the stock of apple has gone to 146 in three years the big criticism of the house that jack built. Especially because the model still didnt work during the great recession. But if you match ges stock against united technologies, honey well, gm or boeing, in the last one, five or ten years. Now theyve been various moments where i thought ge stock could really break out, particularly well nelson pelts after trying the purchase, the stock shot up from the mid 20s to about 30s, a move directly related to the mans involvement. I know pelts, and i know they had initially a good working relationship together. But he was unable to deliver on a lot of numbers that triad was working for. To try and actively they indeed have played a role in the companys decision to change ceos try and allow ge to earn 2 a share this year, but the cuts didnt come, the cuts kept coming down. The cuts reporting negative cash flow in the next quarter by the way, i believe triumphs happy with flannery, thats a good sign. Along the way in last year, several analysts became openly rebellious about mls rule especially when the bountiful 3 dividend came into question, something the Company Tells me the fool hearty, what should you do if you own this stock as my travel trust does . We have been telling people that its Worth Holding on to its Worth Holding on to for any change, and now that were getting one, it makes no sense to change. I do think that flannerys successors is tough as nails to be sure again, i default the parcels aed admonition. Who did his best and that is very important around here he moved into oil and gas right at the top as the stock jump says today, it was time for a new ceo and time to hold on to ge to see what happens next much more mad money ahead, is it time to go for a swim with pool corp . Ill dip my toe in the water to see if the temperature is right for this market. Then a controversial one universal display. Has been on a tear with growth on full display, with apple as the selloff. Or is it time to get out dont move until you hear my take, and in a world where brick and Mortar Retail has seen its Business Model obliterated how is Ollies Bargain outlet a failure. Youre watching cramer all right, we need to talk about Global Warming its my job to help you try to make money in the stock market so when theres a powerful trend staring us right in the face, i like to help you find the best way to play it, but given that its been over 90 degrees the past few days, i believe its a way to profit from what could be a real hot summer. That may sound silly to some of you, its unusually hot but usually extreme weather has consequences for the stock market we get more energy from heating your homes with a natural gas stock rally. So what happens when the summer gets too hot you might just decide to go swimming which brings me to Pool Corporation, pool for you home gamers, heres a company that makes everything to build a new pool or keep an existing pool running in top shape the corporate stock has been working, i think the combination with the end of the drought in Southern California could really give its business a boost going forward. Theres no need to overthink this story, when temperatures rise, people want to have their own pool the fact is that america keeps getting hotter every state in the continental United States had an average temperature last year that was unusually hot. For obvious reasons, hot weather leads to more pool construction, and once your pool gets built, youll be paying someone like Pool Corporation to keeping water clean and hygienic is expensive, people and on top of that, its the fact that more people are spending more money on their homes these days. When you build a pool, its an investment its an investment thats going to improve your Property Value pool corp has made an excellent longterm performer. Management expects that new pool construction will continue to grow, not just this year, but for the next six years as of last year, the company had 5. 2 million in ground pools. Meaning they need more maintenance. I think pool corp keeps working in any climate, simply because it is a Home Improvement play, with the houses going up in value. A terrific piece of Research Found out that the temperature and moisture levels affect pool corp this is a company that gets 70 of its sales and 90 of its earnings during the second and third quarters the longer it stays warm, the longer you keep your pool up, more chlorine you need to buy from pool corp and the more likely youll need to replace a pump or a filter. But its not just heat, moisture levels have an affect too. Who wants to go swimming when its raining on the other hand if theres not enough water, and everybodys racing to get water, youre obviously not going to fill up your pool, given that california is pool corps largest market, the drought was real bad for business in some jurisdictions, you couldnt build a new pool. You look like a real jerk. However now that drought is finally lly over. Its not like this Company Needs extreme weather in order to thrive, though, pool corp stock is ever since it became public in 1995, its given you a 26 compound annual return, much better than the 5. 4 compound annual return for the nasdaq the same period. I guess people just love to go Swimming Pool corp has a market cap of 5 billion, all right, but it has spend 1. 5 billion on buying back stock during the same quarter. Although even after all these boosts, it only pays you 1. 23 yield. That business stock has run up so much a high quality problem and management just boosted the buy back a little more than a month ago. Plus in the latest conference call, they suggested that most of this money will be used this year, on top of that, you also got a 20 dividend boost, and while the payout is near that kind of dividend hike, management is feeling incredibly confident about the future speaking of pool corps business, when the Company Reported in april, it delivered excellent numbers. However, pool corp also raised its full year guidance dramatically from 3. 80 to 4 range. One of the largest beats of the period the stock isnt exactly cheap. It sells for 25 times next years estimates you may think the whole idea of claim m Climate Change are a hoax, but the numbers are the numbers when it comes to the heat i Like Companies that profit from great themes, which is what pool corp is it could be a very long, hot summer, make the stock very attractive, right here, right now. Charles in south carolina, in charles. Cramer, a booyah to that caller i would like to ask you about carnival, its been on a real nice uptrend. Better than safe, this nice little pull back, there you go dave in illinois, dave caller cramer. You know the nfl preseason has not even begun yet and alrea mack holland was my pick at the draft, hes the wide receiver from north carolina, he will forever be on my team whats going on . Caller jim, my stock today is scotts miracle grow, we saw hydroponic equipment and supplies to support the growing medical marijuana business now approved in 29 states and the district of columbia last month a Company Reported q1 results, disappointing analysts estimates on earnings can smg grow higher this year . First of all, your analysis, as always, dave in illinois is spot on, second, remember, they are ripping up vineyards in oregon to plant pot. Hey, theres no accounting for taste, i like pino better, much better but i will say this, the discount is one that makes you want to pull the trigger on, im all in on smg, not just because of potp uponic a warm summer coupled with strong trends in the Housing Market and you no longer fill guilty 23i8i23i8 ing up your pool im shining a light on the potential of heading higher despite todays decline. Im going to tell you if the only deal you can get is found out al alis bargain outlet. And of course tonights edition of the lightning round. So stick with cramer [vo] when it comes to investing, looking from a fresh perspective can make all the difference. It can provide what we call an unlock a realization that often reveals a better path forward. At wells fargo, its our expertise in finding this kind of insight that has lead us to become one of the largest investment and Wealth Management firms in the country. Discover how we can help find your unlock. 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 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. Closing down 8 or 6. 3 . Heres a company that makes the vivid Crystal Clear displays that you find in so many start phones and wearable devices like the apple watch. It stands for organic light emitting diet, im sure you have seen the acronym before. Its an lcd display, but thinner, lighter and better looking. So what does universal display fit in this oled food chain and what sends the stock endlessly higher its the stock has more than doubled in less than six months, its an insane move which is why we need to dig deeper. The Company Develops all sorts of technologies that are at the heart of the oled revolution and they licensed it out at oled manufacturers. So oled is proprietary and manufacturing. Its always consumed less power than lcds. Theyre also more cost effective, because making oled screens requires fewer manufacturing steps. It comes from fancy devices. Just Like Old School nonorganic light emitting diode, while your typical led light bulb is very small and very bright, you can look at them for more a consistent brightness even when theyre twisted into unusual shapes, like your cars taillights and signal lights going forward, universal displays products are going to make their way into all sorts of products, because oled is smart, and sturdy oled can even be folded without breaking, which breaks up all kinds of opportunities, now the big shift for oled displays when apple started to moving its iphones to oleds. Universal displays licensing technologies to both oled and samsung. By may of to 16, we found out that Applied Materials had received 700 million in display orders, up 6 fold from the Previous Year with the vast majority of the new business coming from the oled market. The first rule of being an apple supply chain, is that you dont ever talk about being an apple supply chain. Once 2017 began, this Company Quickly got its feet back. Universal display got attacked together not only was the Company Making lots of money and winning lots of new business, they told us about how their major customers meaning samsung and oled display were spending billions as people began to realize that the oled revolution has finally arrived. A month later, samsung unveiled its galaxy s8 which propelled the stock still higher then in april, we learned that apple planned to make 70 oled panels, we were really no good for what apple might need. But earlier this month, universal display reported again, and the company shot the lights out for the Second Quarter in a row they delivered massively higher than expected revenue, up a staggering 87 a year. Better still, universal display gave us very strong first full year guidance. While they were very careful to be vague about apple as you must be, you have to be heartened and i hear things like i quote, pipeline activity, end quote, since your last earnings call, oled landscape continues to expand they also talked about new customer agreements, and also said they wanted to expand their customer collaborations, put it all together and the stock is booming, 24 spike the following day. Thats why universal display is on fire. I think we need to view this as an opportunity to buy a red hot stock in a weakness. Oled display is the industrys gigantic momentum. I think this is just the beginning as were starting to see oled being used for alltypes of electronic devices. You need the license and technology to make the best screens, the stock had more room to run given that its pretty expens e expensive, although reporting four times the earnings and hope that the selloff continues with its Phenomenal Growth its worth paying up for this one, if you have to. Although i should note that this company is the target of short sellers forever. And 10 of the float is currently betting against the companys fortune. Universal display is the undisputed king of oled. Sure its already run up huge, but right now the rotation out of growth is pushing the stock down, and i think its giving you a pretty Good Opportunity to buy something and if you get an additional dip, you buy a little more on its way down mad money is back after the break. I think we should do that meeting tomorrow. Well wait. What did you think about her . Its definitely a new idea, but theres no business track record. Well, have you seen her work . No. Is it good . Good . At cognizant, were helping todays leading banks make better lending decisions with new sources of data so, multiply that by her followers, speaking engagements, work experience. Credit history. That more accurately assess a business chances of success. This is a good investment. Shes a good investment. Get ready, because were helping leading Companies Lead with digital. It is time for the lightning round,. [ buzzer ] and then the lightning round is over. Caller i go a booyah from ft. Carson, california whats up caller love the show, love the market perspective thats a spinoff of dupont that has had too much move lets go to mark in new york. Caller my son passed away from an infection so this is my first solo booyah and my stock is schwab i like the stock of schwab, i think that rates are going higher, thats very good for them, and again, i am sorry for your loss. Lets go to adam in iowa. Adam hey, jim, what do you think of essence autogragroup. Essence insurance, its mortgage insurance, which i think is historically good business, which i like it. Lets go to allen in florida jim, you do damned good work forve for all of us, thank you Cara Therapeutics has come up with a drug for itching. I think the drug is a good one, the antiitch products especially wi especial especially lets go to dave in illinois. Caller a couple of weeks ago you had good things to say about mgm resorts. I liked it very much. Lets go to jim in new jersey, jim. Caller booyah i wanted to get your takes of amino dead mimedics. I havent looked at it since the new management team, since then its been a bit of a heart breaker. And that is the end of the lightning round. U just go to thinkorswims chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders . I know. Your brain told my brain before you told my face. Mmm, blueberry . Tap into the knowledge of other traders on thinkorswim. Only at td ameritrade. Will you be ready when the moment turns romantic . Cialis for daily use treats ed and the urinary symptoms of bph. Tell your doctor about your medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis. Is. We know that am son has been laying waist to the entire cohort the discount chains that give People Better deals than they are find online. Take alli. The stock is valued 150 a fabulous 46 gain year to date the Company Reported a Strong Quarter a week and a half ago. Part of these gains are from the selloff of the markets winners. Lets talk to the chairman and ceo of Ollies Bargain outlets good to see you, mark, how are you . Im glad youre fooling around with that bobblehead, but ollies making us very excited you started your call by saying the buying environment, which of course is getting merchandise, the offer environment that were living in right now in my opinion of 35 years in the business has never been stronger, how can that be . I think, jim, it has a lot to do with going public it been two years ago already. I think the going public that has provided ollie, were more meaningful to manufacturing, we can buy more product, we can sell more product, we can take the goods, we can pay for the goods and the visibility that going public has provided us has really provided a spark. If you had too many stores, wouldnt be enough merchandise, theres a plethora thats the jugular vein to our business it was about the clothing business, the right item at the right time that is what ollie is all about. The right item at the right time, but for ollie, its the right price. Thats what turns on the American Consumer, give them a bargain and it will never go out of style you know, theres always package changes, maybe theres a shampoo with extra, or maybe theres a shampoo with a different additive theres always products being made for consumers going on. What does it do for the excess or the older pruboduct. Is that one of the reasons why once again, the ollies Army Membership grew at the normal rate of 29 . Ollies army now almost 8 million members strong thats a country 8 million members. We know a lot about ollies army, we know their buying patterns, woe kne know what the buying, we know what they want we know they spend about 40 more than a nonollies army member so its enormous we know theyre willing to drive up to 25 or 30 miles to get to one of our stores. These are really hard core bargain hunters, these are people who really want to save money. If you can find a concept that works in one part of the country and youre pretty sure that the American People like it, then it can work all through the country, you can have a lot of expansion ahead of it. We have been doing this for a long time. I can tell you i have never had a store lose money, it doesnt matter where we go, it doesnt matter who it goes to, each store stands on its own, and thats why were so bullish on the growth pattern and what were doing. We have committed mid teen store count year after year. And we have been able to open up these stores at or above our expectations, the American Consumer loves to save money the shopping center, these Shopping Centers have space and they want ollies dont they even since going public, were more appealing to these landlords, were not necessarily getting great, great main and main centers, because thats not how we make a living, but we are more appealing to these landlords. And that means better rent deals than you had a couple of years ago. Well open up between 30 and 35 stores, so thats really meaningful for these land lords. We cant keep up with the distribution center, that happened with 5 below, how are you in terms of if you decide you need more Distribution Centers, because that does cost. We have two Distribution Centers and we feel we have the capacity to get from 250 to 300 stores, we have told the street that in 2019, well probably be looking for distribute strategies they both could be doing so good when you open these stores i think florida has a northern influence and i think that a lot of the people, we would open up in hudson, florida, a week or two ago and somebody would send me an email and say thank god youre here, because now i dont have do go to hazelton, pennsylvania anymore. I just think thats where the north is going we do appeal a lot to the older consumer, perhaps florida does have an older consumer that we would appeal to. Just so californias listening. Yes what did the army just see that was really exciting you know, coffee has been a mainstay for us, for a whole we have a sensational, scenationscenatio sensational deal on kwof fee we have pool chemicals, we have a la lawn products that are on fire the manufacturer wants it to disappear as quietly as they can and we give the consumer a bargain. It is clear that the rest of retail is suffering, your people are doing better, or youre just offering them a Better Bargain thats what we do for a living is give bargains, we try to buy our business. The plcomplexity is in the simplicity, the buy cheap, sell cheap and we pass the savings right to the consumer and give them a bargain what a terrific story, we have been with you for pretty longe, so you got to give us credit we have to thank jpmorgan and matthew boss for turning us on i want to join the arc thats mark mullen, ceo and chairman of ollies outlet i say go in on this discount stick with cramer. Welcome to the shark tank, where entrepreneurs seeking an 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. Who believe they have a solution to a problem faced by millions of americans. My name is kevin kiernan. And im melissa kiernan. And were from waldwick, new jersey. Every morning, i come outside, and theres garbage all over the place. So i finally put my husband, whos mr. Fixit, to the test,