In fact, if you arent at least a little worried at all times, you cant call yourself a professional all pros are paranoid in this business why . Because without some permanent paranoia, you end up missing days like today where the dow lost 158 points, and nasdaq plunged 1 no day can be dismissed, especially not a big down day like this one where you might miss some major disaster lurking around the corner. Before you get to what has me concerned here, let me point something out. I got into this game im older than the old pros who hate to call it the game i got into the game at 1100. The dow is now 21,000320 back then the dow had just run up 300 points over a series of months to get to that 1,100. I liked the tape i liked the market what did i hear at the time . First people told me that i had missed the move. It was over. It was based on nothing. So forget about it second, they said theres no reason to believe the future would be better than the past. This was in the early 1980s. The jimmy carter era where the only thing that seemed to thrive is ruiness inflation even when i said things would be better this time, smarter guys were always saying, the foremost expensive words in the english language are, this time is different. They thought they were so clever third, the phrase i heard the most ive seen this movie it ends badly. Yet the moment turned out to be the early innings of the incredible ride. I bring this up because last night i told you that the move in many of the best nontech stocks is justified if you look at it longer term. As soon as it came out of my lips, what happened . What phrase did i see twice in my twitter feed . Yep, ive seen this movie. And it ends badly. So clever. To which i say, what movie are you watching the honeywell movie . The United Technologies movie . 3m movie im willing. Ill listen. Im willing to watch the market is definitely not a movie. Its a collection of stocks and companies. Some of which are doing well and some of which are doing badly. If more are doing well than badly, the market tends to go higher to paraphrase, a hack writer that everybody loves, f. Scott fitzgerald, there are no second acts in the stock market there are no third acts either why . Because its not a play. Its an ongoing supermarket of shocks that you try to buy shares of companies that dont that can be justified by their own prospects. Avoid the lousy ones which brings me to what im actually worried about here. At least some of them that ive thought about today, ones i hurt, remember, this is my default. This is what i think about not like i come out and im a raging bear. This is what i worry about i give you this list not because im a bear and not because the market is down hard today the first time in four sessions, but i have a list. I check it constantly. I always add new things to it because thats what you do as a pro. I cant come out and act glib and carefree, i know ill obsess over what i should be more worried about it would be so much easier to let things go. But thats not my programming. So the first thing im worried about, north korea because its probably going to be solved one way or another, and i cant think of a way that would be good for the stock market or for our health for that matter kind of an existential issue an erratic dictator with an icbm, he can do a lot of damage before he goes down. Its hard to see how we can keep placating north korea given this development. How do you keep placating this guy . I dont share my wifes insistence to have a game plan when his missiles hit new york grisly, i know this is an issue were not worried about enough witness the fact that the south korean market is having a banner year and golds not going higher shouldnt it be the opposite in my mind there are two ways to look at this issue go long apple and go short samsung and focus just on the stock market god love you or be prepared for the unpreparable im just glad that the leader has a small arsenal. My second fear is theres too much competition everywhere. Last night costco reported a number that was twice what i was expecting. Yet its stock after spiking in premarket trading couldnt get out of its own way and actually finished down 3 cents. Thats right, down i like costco. A membership is one of the four things im willing to pay more for than im currently being charged. But it doesnt matter. Because even though the sales are terrific, the shares of costco traded nearly 25 times earnings thats too high a price versus what amazon can potentially do to it down the road when its bought whole foods my third concern, nobodys thinking about this one enough, unless youre in retail, july 11th july 11th. A day that will live in retail infamy july 11th is amazon prime day. After that day were going to hear that sales were up probably 20 over last years amazon prime. The day we get the results, every other retailer out there is going to take a header. Weve got to get past that day my fourth worry, the breakdown of big stocks that represent the market to many people. Im talking about verizon, General Electric and the food companies. Just doesnt feel all that safe out there. In the 52week lows in verizon are worrisome. Why . These Companies Need to do something to right their ships yet they dont even think their ships need righting. Thats a problem if congress has only 60 more working days until the end of the year, im afraid these people wont be able to pass a budget if the Health Care Bill fails, then were doing to have to accept that this market likely wont be getting much assistance from the trump administration. The only thing coming from washington is rate hikes from the feds, and bond sales we might lose the acquisitions that have been bountiful for so long i was worried about qvc buying hsn deals. But other than david faber who covers them for a living, i think i may be the only who cared. Most people havent heard the first two. I think people think vanta is a cigarette brand. The fact is, without more deals, this market lacks a natural defense against the bears. There is no penalty whatsoever for being short right now. Even being short tesla the ultimate bear slayer i have a lot of other fears. A long laundry list i could go into suffice it to say other than thermal nuclear war, you could make a laundry list back when i started in the dow at 1,100. If thelist of worries is alway there, youre always prepared. Remember, preparation for the worst is always part of the game it just isnt and cant be the only part, despite what the twitter might try to tell me, how the movie ends tom in florida tom . Reporter hi, jim. Yo. Reporter ive been following the costco situation in light of amazons proposed acquisition of whole foods. My question is, did amazon make a mistake by not going after costco instead of whole foods . Because costco has more stores, a much greater foreign distribution capability than amazon could have leveraged. And costco has more proprietary name brands. At the time of the announcement, the costco capitalization was only about 10 to 15 greater than that of whole foods. I dont think costco is for sale, sir. I think they do a great job. It is very expensive versus whole foods which has a dramatically high dollar per square foot sale unruly Shareholder Base that was more than happy to flip the company. Not unlike what happened with star wars a few years back what happens here is that youre talking about one Company Everybody loves, that aint going anywhere, another Company People turned on that was a natural to be bought with a ceo who i think kind of said, you know what . Its all yours i dont think that craig is going to say that anytime soon how about we go to tim in new york tim . Reporter mr. Cramer, thank you for taking my call i love your show. Thanks a lot, man. Reporter caller jim, my question is, ive had mobil for many years. Now, with crude oil lingering between 42 and 47 a barrel, and exxon mobil is a huge company, but do you see if it stays there with apossibility that they might cut their dividend i think that exxon mobil is a really well run company with a great Balance Sheet and would do its best to preserve that dividend no matter what. I will tell you that these are research records, run a list of companies that are of stocks that are now below where they were when oil traded at 26 bucks at the beginning of 2016 and do you know there are a lot of them . Even though i told you i think oil is very tough here, and the price went up, but the stocks went down . I just dont think things are as dire for exxon they might be dire for the Balance Sheets for the companies that are stretched, but not exxon. Jeff in florida . Caller big fan of the show. Excellent. Caller on your recommendation, i built a position in Southwest Airlines last summer around 42 the stock is on the new all time high list at roughly 63 what would you suggest, pull the trigger now . Send the love to gary kelly, like it very much. Would not buy it at this level because its had a big run alltime high today. If it pulls back below 60, i would pull the trigger you know, ive got time for another call so im going to go to mike in michigan. Mike caller jim, how are you doing. Im doing real well, how about you, mike . Caller real good im smack dab in the middle of downtown detroit my question for you today is, or whatever you want to talk about, recently, i know you talk about it a lot, amd. Great run. Great year for them. But whats going on lately mike, you know, there was a spike in amd a spike in amd i was on a show and said, listen, i dont want anyone to chase it people were like, hold it, if you love it, why do you say that i said because they dont go down wait for a pullback. People were saying, he doesnt like it. Other people were saying, wait a second here it is yesterday it was at 12 the other day. I like amd but lets not judge it by the minute, the hour, or the day, or the week, or even the month. Theres a longterm plan you know what, though . I like inindividualia even more. Hope for the best but prepare for the worst. Its part of the game. Its been my mantra since i was 27 thats not the only part, though boring isnt always bad. A stock with an impressive move that might make you yours. It could make you money. Blue apron dropped today how are you feeling . Blue ill tell you what the impact the company can have on the ipo market with Small Business confidence at alltime high, seems like more people are more interested in growing a business. Easier said than done. Help Budding Companies come to life so stick with cramer Liberty Mutual stood with me when this guy got a flat tire in the middle of the night. So he got home safe. Yeah, my dad says our insurance doesnt have that. What . . With Liberty Mutuals 24hour roadside assistance, get a jump, tow, and more any time of day. Switch and you could save 782 on home and auto insurance. Call for a free quote today. You can leave worry behind when liberty stands with you™. Liberty stands with you™. Liberty mutual insurance. Liberty stands with you™. The future isnt silver suits anits right now. S, think about it. We can push buttons and make cars appear out of thin air. Find love anywhere. Hes cute. And buy things from, well, everywhere. How . Because our phones have evolved. So isnt it time our networks did too . Introducing americas largest, most reliable 4g lte combined with the most wifi hotspots. Its a new kind of network. Xfinity mobile. We want to understand the strength of the market even if todays modest pullback was still going, pretty strong, you need to realize something about whats been working lately last night i talked about lots of household name companies, spanning ten major themes. Wellknown tech players with stocks that keep hitting new highs. But these arent the only stocks consistently on that new high list more important i think youve got lots of plain humdrum, even boringcompanies that keep marching higher. They arent big names, theyre not biotech. I think theyre representative of this markets recent events let me give you an example of a kind of a humdrum stock thats been leading this higher for the most part these are companies you probably never even heard of. So well go over the name youre not too familiar with. Avery denison. I know them from when my father used to sell their stuff a boring maker of business equipment with a stock thats pole vaulted up 27 yeartodate that kind of gain, you might think this was a semiconductor play, but nothing could be further from the truth yet it is the stock of this particular stock what does this Company Actually do remember, Avery Denison is important. Why is this because its a standin for all those little known companies of stocks that have become seemingly unstoppable in the last few months as it happens, Avery Dennison typically not particularly sexy. Pressure sensitive adhesive materials, labeling, and packaging materials, including graphic imaging and radio frequency identification tags that help other businesses manage their brands while making it easier for retailers to keep track of their inventory the next time you see something laminated or tagged, its a good chance their equipment was used somewhere in the process look, this business isnt just about keeping track of retail merchandise. If Avery Dennison lets go over it. They give advertisers first the ability to make grachks films that can transform virtually any surface, walls, windows, floors, furniture, vehicles, into a blank canvas that can be used for promotions theyre all over apparel, with brand appropriate tags, labels, packaging, and inlays that help retailers keep track of their inventory. The adhesive films make buildings look a lot better. They work with Consumer Packaged Goods Companies to come up with the best labels and packaging solutions. This is big. As nondurable goods that account for 42 of their sales another 16 comes from durable goods and industry equipment where the manufacturers need resilient labels that remain legible. Youre putting a warning label on a piece of machinery, maybe something that says high voltage . You cant afford to have it melt off after six months someone could get electrocuted where they make shock absorbant adhesives. Someones got to make this stuff. These guys are ubiquitous. You commute to work every morning, the government requires excellent visibility and health care, too their technology is used to make everything from tamper resistant containers to highperformance surgical adhesives from a company youve never heard of, or likely havent, they do a lot. Why is the stock on fire lately . Look at all charts, theyve been outperforming the averages for years. Today it rallied 36 cents, even as the averages got crushed. Theyve been aggressively shifting its portfolio for valueadded products like tape, leading commodities. Tried and true formula for getting a higher stock valuation, at the same time theyre advancing into new categories like selfadhesive labels they have a terrific track record of delivering slow and steady Revenue Growth. For the last couple of years, theyve been able to organically grow their sales at 45 . Thats really good these days in a slow economy slightly better than the companys 3 to 5 target before that it beat the expectations i know its hardly what we expect from the twoweek highs, but its what gets you on it however, thanks to the companys push into higher value products as well as nice restructuring initiatives that they rolled out in 2014 that racked up 71 million in cost savings the next year, theyve been able to turn the steady midsingle digit sales growth into terrific earnings growth. In 2014 the companys earnings increased by 16 last year, 17 what else . Well, Avery Dennison made acquisitions in the last year and a half they bought six companies. The largest of which is a chinese cable harnessing business on top of that, theyre very shareholder friendly the Company Generated 408 million in Free Cash Flow last year, spent 262 million of that buying back stock. These guys retired nearly 15 of the companys share count. Thats a lot plus they also pay a generous divide dividend, and they raised the payout year after year the stock price keeps climbing again, this is the winners playbook for this market in some company that you dont know more importantly, the company is doing really well. Which is, again, fits the paradigm of the rally. When Avery Dennison presented 4 organic growth, and raised the midpoint of their full year guidance, business is strong margins are rising the company has a 10 dividend boost. The playbook for a stock that goes higher. Unlike so many other stocks, it sells for 17. 7 times earnings. In many ways, its kind of a pale 3m. Theres the bottom line. Avery dennison may not be sexy, but its one of the Unsung Heroes that nobody talks about they just dont. Ive got to change that. Would i recommend buying it . Sure but what really matters here is this markets recent rally is not just about flashy tech stocks that so many investors feel uncomfortable with. Its not just about tesla. Its not just about service now. Its for the boring steady eddie players like Avery Dennison. I feel good about the norm of the market since this company is the definition of normal the regular american joe stock thats worth investing in any day of the week. Much more mad money. Blue apron may be good at delivering meals, but when it comes to delivering profits, huhuh, another story. Miss out on an investment . That could all about be changed. Ive got a company that will let you invest in an exciting new companies before they ever go public trumps second overseas trip has me rethinking an entire class of stocks maybe theyre better than the u. S. Stick with cramer. With the blue apron ipo . Heres a company that for years has been seen as a disrupter in the grocery space. You want to cook for yourself or your family . Becoming popular with the stay at home economy i talk about all the time a box full of ingredients for a meal of your choice. A popular concept. For a while it seemed like they had tra disal grocers on the run. Why go to the supermarket to hunt for ingredients when blue apron can pick them out for you and give them to you at a good price. Thats why the ipo was one of the most eagerly anticipated ipo of the year. The actual ipo, its been a total bust from start to finish. Fairly or unfairly, its weakness is giving other startups a bad name originally the underwriters wanted to bring blue aproon public at a price of 15 to 17 a share. They became public at an embarrassing 10 a share apparently even that was too high because the stock keeps going lower. Down nearly 20 . Can you imagine from the ipo price its barely been a week . Which begs the question, how did blue apron manage to blow it so spectacularly . What does it mean for the future of other Venture Capital backed Tech Startups . What does it mean for you . For those who havent availed themselves of the delicious meals, you need to understand what they do theyre not just a Delivery Service that shows up with a box full of fresh ingredients for dinner they take all the data they gathered from their customers and predict what you would want in the future. Like Artificial Intelligence theyre very good at this. Plus the companys directtoconsumer Business Model cuts out the traditional middle man, which means you can get Better Bargains while making more money themselves. Theyve done an incredible job that can get highly perishable foods to 99 of the u. S. Population even why amazon has trouble with, hence why theyre buying whole foods. Its a great concept seemingly had great financials the company took in 77. 8 million in revenue by 2014 that figure had quadrupled to 340 million by 2016 it more than doubled those are staggering positive numbers. Unfortunately the value of large numbers makes it difficult to sustain those numbers. In the First Quarter, blue apron posted 42 Revenue Growth. I know, most companies would kill for that. Given that the company had 133 Revenue Growth last year, it feels so much disappointing. No one expects blue apron to double sales for all eternity. Its natural that the deceleration growth would make people less enthusiastic about the stock. Same thing happened with the gross ma gin in 2015, the companys growth margin expanded by 1,550 basis points egads. In 2016, it rose another 1,030 basis points it drove the bulls wild. But so far, 2017 has been a different story. Blue apron isnt just experiencing a slowdown here, their gross ma gin dropped to 31. 2 . For ages this companys fabulous margins for what made it stand out from traditional grocers where the margins are razor thin, they continue to be ruined by competition every day weve got to wonder if they may have peaked last year. The problem . Rather than being the only game in town for delivering ingredients of homemade meals, blue apron has direct competitors, like hello fresh. Its going to get worse after amazon finishes the whole foods deal blue apron continues to lose money overall. In the First Quarter of 2017, the earnings before interest, taxes, amortization, were down by more than the last two full years combined whats driving all this deterioration . Part of it comes down to blue aprons costs which are going through the roof for both marketing and product technology, general and administrative expenses. Last year they were doubling up your Marketing Budget by 138 and only get 42 Revenue Growth . A totally different story. Frankly, its unsustainable. Its hard to see how they can become profitable. If they cut back on their spending, then the competition might steal it all all of that was bad enough then less than two weeks before the ipo, we learn that amazon is buying whole foods meaning its one step closer to being a direct competitor to blue apron amazon seems to steal from everybody. Maybe july 11th wont be amazon prime day, it will be black apron day. But put it all together. The ipo is priced so much lower than people were expecting the company obviously has its own issues the threat of amazon over the horizon freaked a lot of people. The latest company to hurt investors. Snap would probably be the poster child for Tech Companies in 2017. It went higher, which is why im glad i told you it was too expensive. It could close the gate on the redhot deals for the rest of the year when you look at the facts, there have been successful ipos. They just havent been so high profile. At the end of the day, i dont think blue apron is indicative of problems of tech, i think its a symptom of the problems with the consumers and grocery business its not a field that produces many public offerings. Dont freak out about blue apron. This is a company that came public too late. Too late to cash in on the period of insane growth, which is now yesteryear. They probably should have ipod a year ago im concerned of what blue aprons First Quarter might look like my advice for you is to be patient. Maybe they can get the problems under control. If you swoop in at a lower level, maybe joe in new york. Joe . Caller hey, cramer. Yo. Caller the stock i want to ask about has been in the penalty box for a while. But now that theyve reported, whats basically a false alarm, what do you think about haines celestial . I would love irwin to come on the show because theres someone trying to bring out value i think thats what irwin does the issue here, again, is that people feel that amazon is going to be in this business, and that amazon can put the hammer to hain theyve done business with amazon for years its one of its best customers i feel like irwin has a good story to tell. Anything involved with the supermarket isnt doing that well let irwin tell it. Hes always been on the show now that the financials are clear, irwin, i hope to see you in a couple weeks. Lets go to seoul in massachusetts. Caller mr. Cramer, thanks for everything you do for us youve got a great show. Thank you. Caller is kraft worth it for the long term . You know, i was looking at kra kraft heinz last night with my buddy. And we were just kind of mesmerized how its gone down. It looks like unless they do an acquisition the stock is falling on its own weight the main thing it does is take out costs. Lets go to john in indiana. John caller yeah, jim, ive been run over by the amazon train kroeger dropped 18 in one day its a good company, good pe at 14 and gaining market share in indiana. What should i do i think you told the story. It dropped too much and overreaction the other part of the story, i dont think it will get the price earnings multiples it used to have before amazon got in costco couldnt sustain what was a fantastic number can you imagine how much costco was down 93 cents . Can you imagine how much it would be down on a bad number . So kroeger i think is going to kind of sit there until amazons proven guilty, which may mean they have, unless theres a hung jury, going to be a long time. Going to be a tough one. Thats the way i look at it. Listen up, sure, blue apron shares are a disaster. Im going to Pay Attention to the First Quarter of the public company. Stay on the sidelines for now. Much more mad money ahead, including the exclusive Company Helping private players raise money from fans at the bars. Nobodys paying attention to things that dont matter stick with cramer. Tomorrow, kick off the trading day with squawk on the street. Live from post 9 at the nyse. Damn that clooney he played me in a movie. I remember that now i said, you know what maybe it aint so bad after all. It all starts at 9 00 a. M. Eastern. You always pay 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. My name is jamir dixon and im a locafor pg e. Rk fieldman most people in the community recognize the blue trucks as pg e. My truck is something new. Its an 811 truck. When you call 811, i come out to your house and i mark out our gas lines and our electric lines to make sure that you dont hit them when youre digging. 811 is a free service. Im passionate about it because every time i go on the street i think about my own kids. Theyre the reason that i want to protect our community and our environment, and if me driving a that truck means that somebody gets to go home safer, then ill drive it every day of the week. Together, were building a better california. We know this business is confidence its incredibly high right now for most people the biggest hurdle is starting a business. Government red tape. Its financing were going off the tape with ned, a privately held company that makes it easy for Early Stage Companies to raise money from their friends, family, customers, or other interested investors. Maybe you. The platform gives you all the standard Legal Paperwork you need to launch at offering they handle all the logistics of the closing investments transferring funds basically they standardized the process that could set you back ten grand if you hired a law firm to do it. This is an intriguing story. The founder and ceo of netcapital, its private welcome to mad money. Good to see you, sir have a seat. Thank you, jim. Good to be here. This company is exciting. This new generation i talk to younger people, theyve got an idea, an adobe page that can demonstrate it, an idea their friends would like good luck finding capital. You are the answer. Absolutely. Over 60 of College Students want to be a part of startup one day. Youre pitching that capital better than i ever could, right . Not only is netcapital a solution to help entrepreneurs raise capital, but also a solution for anybody to get involved in investing in the early stage asset class. Im not allowed to invest in any company, but lets say i gave you 100,000, could i be able to place bets on companies . Thats actually the best way to make investments. This is what were doing here is trying to build awareness for how to invest properly in private companies. A lot of investors have 100,000 they want to invest in private companies, they make two investments, 50,000 each. The risk is too high it would have been better to invest 10,000 in ten companies, or 1,000 in 100 companies. Sure. Do you have a full menu . Lets say someone out there is watching could they go to your web page and see, look at this, this sounds cool. I like this. Absolutely. You can invest between 100 and 100,000 right now from the comfort of your couch. Go to netcapital. Com and invest from a family fun part to Virtual Reality company. Make that investment right now. I want people to understand there is a suitability, a credit issue, right accreditation. Because the government doesnt allow just anybody to invest. Absolutely not. For the first time ever, nonaccredited investors. People may hear they can buy 100 worth of stock. They should hear that that is what im saying. You can absolutely do that i dont want anyone to be reckless. This is a risky asset class you shouldnt go away and you shouldnt stop listening to jim cramer about what to invest in public stocks and bonds, but invest in the alternative. If im an investor, like a viewer whos watching the show right now, the problem is, how do you generate alpha when all markets now how do i create returns when market value is created in the private markets before the ipo the era of the small ipo is dead home depot ipod in 1981 today you have uber, spotify, snapchat, airbnb there are really two things we have to do number one, we have to generate access we have to allow you to get access to the hot new deals. And number two, we have to lower the minimum investment down so you can invest 99. Let me understand why would i if i had a great idea, why would i go to you . Whats my advantage going to you versus other people who offer the same instead of going to a bank or one rich guy one of my investors likes to tell me that dreams more dreams have been crushed in the parking lot of banks than anywhere else in this country. So, you know, theres lots of different options for Early Stage Company financing, but its really hard we allow you to raise money from anybody. Not just the general partners in boston, new york, and san francisco. But from your friends, from your family, from your customers, from your fans, your followers were really turning this on its head and make it so you can leverage the popularity to your fundraising goals. Whats the average entrepreneurs age, where are they from, what ideas do they have, how much can they raise . Just averages. So the average raised in the platform so far is 150,000. Were working with Early Stage Companies. The typical market cap is between 2 and 10 million. So theres a wide range of entrepreneurs. Anybody can be an entrepreneur nowadays, right . I wouldnt say theres necessarily specific demographics that have been most likely to be an entrepreneur or an investor weve had investors ranging from kids in college, to retired older folks who need the email help at netcapital. Com to help turn on their computer i got to tell you, i think this is real interesting im glad i had you on. There are a lot of people saying, had i got in at, then i would have here we go do it with netcapital. Thats Jason Frishman ceo and founder. Good idea for young people mad money is back after the break. This is a story about mail and packages. And its also a story about people. People who rely on us every day to deliver their dreams theyre handing us more than mail theyre handing us their business and while we make more ecommerce deliveries to homes than anyone else in the country, we never forget. That your business is our business the United States postal service. Priority you you myour joints. Thing for your heart. Or your digestion. So why wouldnt you take something for the most important part of you. Your brain. With an ingredient originally found in jellyfish, prevagen is now the number one selling brain Health Supplement in drug stores nationwide. Prevagen. The name to remember. It is time lightning round buy buy buy buy buy and then the lightning round is over. Are you ready . Richard . Caller hi, jim rich from South Carolina i love to hear you. Thank you. Caller i like to hear about haliburton. Good company, bad neighborhood dont want to be in that neighborhood right now right now, the stocks are in purgatory. Lets go to will in florida. Will caller mr. Cramer, how are you doing . Im doing well, thank you whats up . Caller not a lot iipi. Thats an interesting parts company. Its a little expensive. Its a very good company i think thats a good one to own in this environment. Mark in massachusetts. Mark caller booyah, jim booyah. Caller smucker such a good company but thats such a tough business right now. Everything seems to be going wrong in the business. Wait for smucker lets go to leonard in florida leonard . Caller hello, jim. Leonard caller i am a longterm valued enjoyable viewer of your program. Thank you. Caller and i have a question for you. First give me, i am a longstanding holder of at t and i have enjoyed their 5 dividends all this while much of which has been reinvested to buy more at t. Exactly what i love to hear go ahead. Caller okay. Personal background, im a 25year retiree. Im a very senior citizen. My question is, using your valued background, knowledge and wisdom, should i sell . No. No, no, no like i talked about last segment, at t is finding ways of growth they are being very, very intelligent about it i think that at ts got good enough cash flow to pay for the dividend i like at t. I think youre fine, sir i think youll have it another 25 years lets go to taylor in california taylor caller mr. Cramer, booyah from foggy, california excellent. Caller how is it going great how about you . Caller good. I want to thank you for your book, get rich carefully i got it right next to me. Me, too. Caller my top five list right behind trumps art of the deal anyway, i wanted to ask you about the stock chicago bridge. Too risky theyve got a good court decision, but this is too risky. Ive got companies in that business that are doing well i dont want to be in that one im going to go to michael in florida. Michael . Caller hello, jim you are my friend. That sounds good. Caller youre the real deal. I would like to ask you if you think this is a good time to get into pepsi, and also if you could give some information about how to research . I know theyre getting ready to announce their earnings for the second quarter. Pepsico is one of the best companies in the world as long as they have the ceo a good time to buy pepsico its a crazy market. Weve been incredibly satisfied with it. It is the best and fastest and well managed company in the industry and that, ladies and gentlemen, is the conclusion of the lightning round hey gary. Oh. Whats with the dogsized horse . Im crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. Isnt that right warren . Well, you could get support from thinkorswims inapp chat. It lets you chat and share your screen directly with a live person right from the app, so you dont need a comfort pony. Oh, so what about my motivational meerkat . Inapp chat on thinkorswim. Only at td ameritrade. Ive got to tell you, im all over the g20 meeting i feel like europe is doing better right now than we are the european economy has been picking up for a year. I think it will take a sharper turn for the better. Its about the changes in the Banking Sector that make things work at the end of the day, the health of the economy depends on the banks ability to make loans. If they dont have the capital or credit, theyre not allowed to make loans. Nor years thats been the problem with europe. Their banks were sick. Aside from germany their economies were sick, too but its changing fast how fitting that it ends i believe right now with the stabilization some would say seizure this week of the bank of sienna the oldest bank in the world seized by the Italian Government 6 billion bailout to put the institution back on its feet at last this week capitalization is huge, people i believe it brings to an end the chapter in european banking history. The regulators simply refuse to do the right thing for their countries which would be crunching the existing shareholders and bond holders and hope good things might happen if they kick the can down the road long enough when it comes to really bad loans, its worth no amount of patience that matters. Thats finally dawned on italian officials. They took action of the banks, and i bet italy is on a growth package that hasnt been seen in ages coupled with the Rights Offering, closes the door with a lot of pain admittedly, but it opens italy to commerce. I think people say we dont understand how much this bailout matters to europe as a whole italy is basically a cash economy. Not a credit economy, a cash economy. Both because people fear losing money deposited in solvent banks and because the banks cant afford to lend to even the most creditworthy borrowers it will join spain which is well on its way to rebounding why . Because banko sandan air has 8 billion euro recap, and one of the Worlds Largest and strongest lenders. Credit suisse did a Rights Offering in june for 4 billion that helped the bank get back in the game all came on the euro Rights Offering for Deutsche Bank back in march this plethora of deals breaks the logjam that plagued all of europe for years its why we should expect a dramatic pickup in growth across the atlantic numbers have been good for europe for about a year now. Heres my bottom line. I think these Rights Offerings and writedowns are going to spur growth and keep the euro rising. Its why i dislike european bonds and why i like europes stock markets. As well as their currency the euro which can be captured best by buying the ezu the msci etf the euro will go up with them, dont say i bet things are getting better, and thats why rates are going higher make money off of it remember, these rates will be rising because europes banks are at long last open for business and business in europe i think is about to soar stick with cramer. A cyber attack hurt the bottom line, all new, the cyber threat stocks, things like palo alto will probably go up im hoping its a onetime thing. Theres always a bull market somewhere. I promise to find it for you here on mad money. Im jim cramer, and ill see you tomorrow ill face these sharks. Ill face these if they hear a great idea, theyll invest their own money or fight each other for a deal. This is shark tank. cattle lowing my name is dan holtz. And im liz holtz, and we live in warren, vermont. And were the founders of liz lovely cookies. dan liz lovely cookies are allnatural, gourmet, vegan, glutenfree cookies. Theyre the best youre ever gonna taste. Dan and i are high school sweethearts. Weve been together almost 20 years. You wouldnt believe the hardships weve overcome to stay in business