Look, you need a healthy amount of skepticism to be a good investor, no denying that. But its important to know when to believe im talking about buying the stocks of companies that have been left for dead, because of a single bad quarter, when the executives have proven time and time and time again that they can navigate rougher waters and right the ship on another record breaking day for the averages, dow gain 1g00 points, the s p 500 advancing, nasdaq up, some stocks have been left behind by this juggernaut of a bull market and in many cases, i think the sellers are making a big mistake. [ buzzer ] before i get into these situations, though, let me come to praise the companies that provided the impetus behind todays rally. Caterpillar and mcdonalds talk about faith people have totally lost faith in caterpillar during the downturn i remember seeing a sell call on january 25 of 2016, when the stock was at 57, going to 51 cat closed at 114. What happened . End markets did get a little better but caterpillar took tough action after took action to cut its costs. So when they got even a smidge of recovery in resources and small bumps in road building orders, the earnings have started soaring. Here you have to thank not only the ceo, but also the former ceo, who, after initially not seeing the downturn coming, really figured out what was happening. And he took costs out like the grim reaper. This is really the first good quarter caterpillar has had in years. So theres no reason to think this is onetime only and i bet it has more room to run. Maybe much more. So ring the register no then theres mcdonalds. What is it about steve easterbrook, the ceo, that people dont understand . It seems like other than me, hes been doubted every quarter since he took over when the stock was in the 90s mocking him as a onetime winner hardly they didnt believe it would matter that he simplified the menu or he came up with new and good tasting sandwiches. Came up with some new ideas for the rest of the business worldwide. But despite the skeptics, everything has worked, and the franchisees have bought in thats how you get a mega cap skok going from 90 to 159 everything has worked at mcdonalds, and easterbrook is far from finished, even after the stocks 4. 8 move today. I cant wait to speak to him on squawk on the street tomorrow. Last time i asked him why is it going to well . He said, jim, mojo lets talk about the stocks that arent getting the benefit of the doubt today even though they deserve it lets start with this ceo of 3m, whose stock got chainsawed today, losing 5 after the company delivered a good but not great quarter after so many terrific ones. Honestly, i couldnt believe 3m could decline that hard when it had 4 organic growth. Theres so much going right here, including continued growth from new products. The culprit on the selloff i think he spoiled investors by giving them quarter after quarter of margin expansion. So this time when they didnt get that, they missed the earnings by a penny, the damn thing excuse me, darn thing got sent right to the slaughterhou slaughterhouse sell sell sell sell once it mistranslates into a tenpoint decline, does that make sense to you . Personally i think its nuts so i suggest you use this opportunity to buy some shares in one of the highest Quality Companies out there. Next, oh, boy, heres one that you were tweeting me and doing all sorts of stuff so, youre all nervous about it but wait, lets get to the bottom of it Dominos Pizza investors just got spoiled, when dominos reported this time around, it delivered 9 same store sales growth, people were looking for 7. 9 thats nice. But the international number, hmmm up 2. 7 . Many people expected double that, some expected almost triple hence why the stock tumbled more than 21, or 10 today the house of pain i acknowledge that an international slowdown is troubling. Dominos business in britain was very weak and i put on my detectives hat and i went through the Conference Call and mcdonalds had the best results in britain in 43 years so its not like the uk has turned against fast food however, i think longtime ceo patty doyle deserves the benefit of the doubt here. After everything hes done right here, our Sales Performance is soft and below what weve come to expect. With this foundation, a diverse portfolio, and issues easily categorized as correctible, i am confident we can get top line performance in this business to levels we are used to. He then came back with this promise. The slowdown in same store sales was driven by the european region, where the issues in a few select markets are known, and fixable. Fixable you really want to bet against him . Be my guest. Ive been recommending dominos since doyle came on the show seven years ago, when the stock was at 10 even after todays hideous decline, its 192 we heard from the ceo of hasbro that was on the show, the stock fell 11 points over the rest of 2017, i think the companys numbers will jump thanks to the new star wars movie and a hasbro production of my little pony and it was such a big part of season one i think hes champing at the bit ahead of hasbros Analyst Meeting next thursday, august 3, where hell lay out a timeline for what i expect will be an amazing Holiday Season plus, this quarter caused the stock to get hammered last year. You know what that happened to be a terrific buying opportunity. Maybe it will be different this time finally, oh, boy, heres one took my breath away. Alphabet alphabet, where the parent of google showed cracks in its advertising model, as it cant make as much as it did on desk top. Thats why it shed 30 points they got so many ways to monetize the other parting of the business, like youtube, maybe im just not as concerned as others. Its incredible when selling began, nobody thought about wamo, or its data centers. Was it a perfect Conference Call no but has the cfo suddenly become untrustworthy . Are you kidding me i know the sellers arent done they always come back the next day, because they couldnt get their selling done today but theres too much going right at this company to abandon it right now. More on that later in the show you need to have some faith in companys manage teams that have delivered endlessly, or youll never be able to buy stocks at a discount these four are giving you bargains i think all four are worth buying into weakness, starting in tomorrows session. Im going to dennis in michigan. Dennis caller jim, this is dennis calling. Got a question for you im looking at the Airline Stocks, and the last month theyve been down over 5 roughly. But the oil prices are low and the capacity seems to be pretty well off what are your thoughts on the Airline Stocks like delta . All right, look, listen and listen good. Theres only one thats going to come out on top. Even thats going to report and people wont like it, because theyre in the down mode thats southwest air, when they report on the 27th my Charitable Trust owns it. Heres the problem with this group. It went out of favor real fast and now because a couple didnt report good numbers, it will be difficult for the group to turn around right now we have to wait until we see new numbers for this month then they start turning around can we go to kumar in florida, please caller hi, jim, thanks for your book, i appreciate your support for the community. Thank you caller my question is on tesla. I see tesla, the number of cars, theyre selling close to 420, 430 by the end of 2018 so im predicting its going to close to 500 a share. So what is your take on it tesla is a theres probably about a thousand stocks i can opine on tesla is the toughest one. Its the one i always punt on, because if you like the car, you buy the stock. As my friend jim stewart said once when he was on squawk on the street. People who like the car own the stock. You cant shake them, because the car is great so if you want to take a fly on tesla, be my guest miles in ohio, miles caller cramer, how are you doing, man im doing real good, how about you, partner caller im doing good. Im wondering about ibm today. These guys are trading at a low right now, but there is sectors such as cloud, a. I. , you turn on the tv and you see it all the time can they stay competitive when you look at google and amazon getting into their markets aint that the problem, miles. Youre up against google, a wounded google woooo. Youre up against amazon i mean, these are guys who are really amazing, and youre up against microsoft. So you have a 4 yield they can get it together, but its not going to happen overnight or this quarter either you have to believe in Company Managements and get in on the discounts when you believe. Mccormick just sent 4. 2 billion on mustard im sitting down with the ceo if wall street is looking at the deal all wrong and fang is back, but its not the fun youre thinking about. And General Motors just defied the gloomy numbers and the u. S. Auto sector. Hey, im investigating with magna international. So stick with cramer dont miss a second of mad money. Follow jimcramer at twitter have a question . Tweet cramer at madtweets send jim an email t madmoney cnbc. Com or give us a call at 1800743cnbc miss something head to madmoney. Cnbc. Com. [pony neighing] what . 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. Hey youve gotta see this. Cno. N. Alright, see you down there. Mmm, fine. Okay, what do we got . Okay, watch this. Do the thing we talked about. What do we say . Its going to be great. Watch. Remember what we were just saying . Go irish see that . Yes im gonna just go back to doing what i was doing. Find your awesome with the xfinity x1 voice remote. The spices in frenchs mustard with the best thing thats happened since the sandwich when it comes to making deals, wall street is no fan of mustard. Pantry player mccormick paid over 4 billion for frenchs and franks. Is there a secret ingredient the market is missing . One of the things that have gotten very difficult is the supermarket industry lately. In order to make it through this period, i think the packaged Food Companies need to merm, geo theyll have more bargaining power. But is that enough to make them worth owning consider mccormick and company, the world leading maker of spices and seasons for years, the stock has worked its way higher however, in the past couple of months, it seems to have gone out of style even though the Company Reported a nice top and bottom line the stock is down 11 from its recent high. Inthe question is, can mccormick banish the doom and gloom . I think its a natural fit and like i said, the package Food Companies need to merge to stay competitive mccormi so should we be giving the spice maker more credit . Lets take a closer look with the chairman and ceo of mccormick. Welcome to mad money. Good to see you, sir thank you for coming on. Great to be here. I know youre a fan of the show, which is fantastic im a fan of what you thought, because im from philadelphia. We only use frenchs red hot cause, its the natural thing that i happen to love to put on things, because it doesnt put weight on. Thats what you have to do these days but here we go, jpmorgan said you paid more than 50 more. So tell us why you did it and why its going to work for you what is were doubling down on is growth and flavor were a Flavor Company our brands are all about flavor. The seasoning, the wonderful foods that people today want to cook from scratch. Were one of the last growth stories left in food and these brands match up perfectly and in many ways theyre like liquid spice. What i think people misinterpret, particularly the older people, is that this is the fastest grower this that whole aisle. That is franks red hot is the real gem in the portfolio brands that we bought this is a brand that was launched in 1920, so its almost 120 years old, but its really 120 years young. Millennials use this brand on everything dont you think they use it because you can eat as much as you want and it doesnt put on weight so you still look okay in the selfies . Thats a good point i think that might be part of it instead of mayo, i switched to hot sauce im on tv and i dont want to look fat this is the way that you avoid it beyond the idea of fat, these products have simple, clean ingredients. If you look on the back, franks has five ingredients red hot cayenne pepper, vinegar, water, garlic, and salt. Thats it. Mccormick, doctors always tell you to use mccormick, because its nothing but the spice. Theres a bigger trend at work here. Younger Consumers Want to cook from scratch and theyre more adventurous in the kitchen and want to make foods from the raw ingredients. And in addition to cooking from scratch, they want more flavor if you look age group by age group, as you get younger with the consumer, they have a higher desire for spicy, flavorful flavors. That is worldwide, not just the u. S. Theres just these trends that occur, but that wasnt my generation what changed this has been a Long Time Coming but generation by generation, it was still true, even in the past our generation, spicy was italian was considered spicy yet today, consumers are challenging them severals with all kinds of spicy cuisines, and the younger consumer is the most adventurous of all we used tobasco when i was younger. In market share, franks is about twice the size of tobasco. The difference is, you can really use franks, because put it on thick. Tobasco, you can use a few drops at a time. Franks on twitter, they use a curse word you can put it on your company is a company that i guess everybody is hot sauce one of the things about hot sauce is its always associated with excitement and fun times and maybe a little bit of irreverence. The idea that theres other brands that come on amazon that dont have any store presence and suddenly come out of nowhere and do well. Amazons a tremendous customer of ours we have a strong presence on amazon we have a great relationship with them. We believe that consumers arent going to be any different about shopping for food than other things, online, its a reality its going to grow, and were committed to being part of it. So this is something were really confident we can do well in this area so lets go back to the original jpmorgan said they priced this out at 2. 8 billion and you came in much, much higher were there just many other bidders you had to do that were you close to other bidders . Who else was involved and why did you choose to pay so much . I wish i could have bought my house for a discount, but if i tried to, somebody else would be living in it same with this this is a quality asset, they have strong growth characteristics, theyre on trend and tremendously profitable a lot of other companies saw value in this. This has been at the top of our strategic plans for over a decade when they decided they were going to sell it, they knew we wanted it. But there were others who did, as well. I always loved your balance sheet, sir but now its not the best balance sheet. This is one of the things weve been conservative with, to give us the firepower to step up leverage more than we normally are and buy the Strategic Asset thats going to grow the company for the longterm. We did it when we bought lowerys, and today that is a great buy. And nobody asks today what those brands cost. Thats a great look ive been a backer of your company forever. I believe that millennials like certain brands and they hlove your brands. Youve won me over on this were going create a lot of shareholders thats the chairman and president and ceo of mccormick you heard about the price and how theyve been waiting for this deal. They were obviously ready. And you know what . I can tell you this is what the younger people mad money is back after the break. Rays always been different. Last year, he said he was going to dig a hole to china. At t is working with farmers to improve irrigation techniques. Remote moisture sensors use a Reliable Network to tell them when and where to water. So that farmers like ray can compete in big ways. China. Oh. He got there. Thats the power of and. 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. At the lexus golden opportunity sales event before it ends. Choose from the is turbo, es 350 or nx turbo for 299 a month for 36 months if you lease now. Experience amazing at your lexus dealer. Bangs back wait a second, its the wrong fang thats right, were witnessing a rotation as money flows out of the highest Growth Stocks courtesy of the resource stocks. Stocks Like Diamondback Energy symbol fang. The irony is incredible. Alphabet, the parent of google, the g in fang, got hammered because its not making as much off mobile ads as it does desk top. The Staggering Amount of hours people spent watching youtube, 1. 5 billion people watch an hour a day, so it alphabets stock is going to get pounded like facebook did meanwhile, as the tech fang languishes, the oil fang, diamondback energy, went higher. Buy buy buy because of a phenomena, theyre starting to cut back on the capital expenditures, because theyre not making enough money to cover the costs. If you recall, as i said last night, slumberger, oil prices are lower, because wall street has gotten less willing to give these companies money. 8 of the worlds oil capacity that comes from the u. S. , peaking. If thats the case, the traders who dominate the futures bit will switch direction and go long oil because of u. S. Supply cutbacks oil jumped today and seems to be headed back to 50 sense the gain in diamondback sto stock. Its entirely possible that the growth in the core business is slowing. But alphabet has 94. 7 billion in cash that it can use to make acquisitions or buy back stock in order to past the earnings per chaishare. Not to mention virtually a monopoly business called search. Thats it. I do believe that alphabet stock is going to have to spend some time in purgatory while people reassess what its worth versus other hot stocks in the market despite everything alphabet is going for, it will become a source of funds, meaning Money Managers will sell it. Like the other fang. Do i think anything has changed at diamondback or alphabet no when we get to 50, youll have to sell diamondback. Alphabet, most analysts praised it and raised the performance. Wait until the hot money comes out and make your stance, which i believe will not be too far down from these levels were going to mike in florida mike caller jim, let me give you a retired u. S. Army booboobooyah thanks for serving. Whats up . Caller i heard they have a should i hold or should i im trying to figure out jp is good. I am an alibaba guy. But jd is very good. And baba is best in show bob in california, please, bob caller you sure can. Oil dutch shell, is the dividend safe should i buy more or get rid of it i think they report tomorrow, the 27th you know what . I think royal dutch cess a hold. I have learned from the price of oil, you should never say a dividend in the oil group is safe, but they have enough money to cover for a while but i would like to see them either cut back their spending or indeed see oil go up a little bit. Ruben in california, please, ruben. Caller hey, mr. Cramer im curious about your view on sid bit, their stock plummeted 35, but they just cut an nba partnership. Its a 5 call option but thats all it is i dont even regard it as a stock anymore. Its just the hope of a possibility of an optimist view. I dont think much has changed in fang or alphabet. When oil gets 50, sell fang much more mad money ahead, including a look at the auto sector with one of the largest suppliers in north america, first time on our show and what should you expect from General Motors when it reports and rapid fire, tonight the lightning round. So stick with cramer to keep our Community Safe. Before you do any project big or small, pg e will come out and mark your gas and electric lines so you dont hit them when you dig. Call 811 before you dig, and make sure that you and your neighbors are safe. 811 is available to any business our or homeownerfe. To make sure that you identify where your utilities are if you are gonna do any kind of excavation no matter how small or large before you dig, call 811. Keep yourself safe. On a nice day for the averages, i think we need to deal with one of the biggest worries out there right now. Thats the fear that the u. S. Automarket may have pecked auto sales have slowed down in 2017 many Car Companies are relying on promotion to spark demand thats why i want to get a read on the industry from a company thats totally plugged in. Magna international, mga they make car parts, and complex portions of the aubl that we have to talk about while magnas stock is not far from its 52 week high, should we beconce be concerned about a second half slowdown lets check in with the ceo Donald Walker. Welcome to mad money. Good to see you, sir have a seat. Thank you to much. Thanks for having me on i said boy, am i glad i have magna, because i really felt they were saying its over its peaking, but second half is going to be very tough is that your read of the situation . Well, its a global industry, so we always look at globally. China, pretty steady a huge, huge industry, and it keeps on going strong. Europe has continued to go up a little bit so i wouldnt be surprised if theres a slowdown in north america. A lot of factors there, but the industry goes up and down. Weve had a good run for a long time but if you look over a three or fiveyear horizon, theres still good demand. Should we think that magna would be hostile to the stocks of gm and ford over time it depends. We sell globally, so gm, ford, and chrysler are important to us bmw, mercedes. So it depends on whats going to happen in the world, but there is some trends in the industry for a Global Supplier that we believe will allow us to continue to grow faster. Let me talk about le electrificatoin. Those are great secular growth stories that arent part of the cycle, right theres a lot of things going on in the industry and its going to continue to be big. Pure electric vehicles is coming, and autonomous driving vehicles are way out there, but the features are penetrating very quickly you have made your company at the forefront of getting into of making these things, opposed to we hear nvidia chips, but thats technology. Someone has to put it together thats you we have a combination one of the unique things about magna, we can decide and build and understand vehicles. So were looking at how to make a vehicle an autonomous driving vehicle, you can take the technologies, but theres a lot of different technologies, but somebody has to take that and put it together and sell that to the Car Companies in a system. Are you neutral like switzerland . Would you work with a wamo which got a deal with chrysler would you work with nvidia chips or are you wed into any particular were open. So we develop technology internally we work with various customers we work with partners. We also have been investing a lot in startup companies. So wherever we get the best technology, we want to pack it up and get it to our customers its fully tested. Its going to work and it will grow the business. Now, a new wrinkle here we have president trump, and hes concerned about nafta youre a canadian company, so jees, u. S. Companies are having trouble going to mexico. But then again, the president is trying to reconfigure nafta. Are you ready for the political turmoil that could be ahead of us i think one of the reasons our stock price is underpriced right now is because there is concern with nafta were canadian based, but we have 25,000 employees in the u. S. And more in canada and were big in mexico. But i look at nafta as a trading partner. We need to keep it solid and competitive, because its asia, its europe that are really competing, and nafta has to be competitive. So fair trade is good. From what i have seen, it works pretty efficiently we just need to make sure they dont do something to damage the effectiveness of all three countries working together previous president ial r regimes, i would have said Donald Walker has a voice in the white house. Is this white house just not talking to any people not American Business leaders . I think theres been a very good cooperation of the whole auto motive industry and theyre having close discussions with people in washington, canada, mexico is involved, as well. Theres a good understanding how important it is we Work Together we dont want to damage the industry so theres been good cooperation and good discussion and wilbur ross knows the industry very well i would say that had not seven months ago i would be concerned that is too much of a polyannish view. But wilbur ross stands for getting the best for the less. He has a very good worldwide outlook. So youre confident he has magna in mind, because magna has been a lowcost producer for as long as ive been alive we dont really care from a shareholder stand point where were located. I would like to see canada remain competitive obviously but as long as nafta is there, the auto parts business is a 1 trillion business. Were about 35 billion going to 43 billion by 2019 if were competitive, thats huge growth opportunities. I just want to make sure that nafta maintains its competitive and we have that as an industry in north america i used to like it when i was at goldman sachs, because youve always been consistent with a great growth story its really great to have you on first time on our show thats Donald Walker, the ceo of magna international. A very good, and i have to tell you, very inexpensive stock. Mad money is back after the break. For your heart. Your joints. 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 its time for the lightning round. [ indiscernible [ buzzer ] and then the lightning round is over are you ready, skedaddy. Daniel in california, daniel caller hi, my question is about hertz rental car very interesting. The stock has come back without the Company Coming back. Somehow the price of used cars has gone up. Im looking at car max thats my thesis eric in minnesota. Caller eric in minnesota here with an increase in sales, margin and earnings, tesla has been trending downward until today. What was the stock . Caller fastenal. Its a cheap stock. If you went industrial, go to honeywell. Allen in texas, allen . Caller hello, mr. Cramer, how are you today . Good. How about you partner . Caller doing well. [ no audio ] okay. Is allen still with us sounds like i should move on to alex alex in florida. Alex caller booyah, cramer from the swamps of south florida, im a huge fan of your book, and a huge fan of the Philadelphia Eagles yes, man, we need that. Its never too late. And this was not deshawn by the way. Lets go caller all right with great dividends, and green energy, can i continue to hold aes . Its fine you get the 4 yield that kind of does nothing. You didnt give me a catalyst. Lets go to vincent. Thank you for the nice words about the Eagles Vincent in new york, vincent caller jim, my stock is Ptc Therapeutics with their recent Fda Advisory Committee coming up on october 24, i wonder what your thoughts are about the stock . You have a binary situation there. We stop recommending these we stopped after the biotech we decided the two arent for us how about dave in wisconsin, dave caller hey, cramer, booyah. Booyah back. Caller hey, i own some pet medic express. Youre a genius it only has a couple of players. Im not backing away, even up here steve in california, steve caller yes, jim, thank you first of all for your education and inspiration and helping us out. Thank you caller my question is macys, jim, macys. I think the whole group is nordstrom is going to get a deal, macys is probably done going down when you walk to february, youll see better numbers. But i suggest buy pdh, even up here im going to jim in ohio jim . Yo, yo, jim . Caller big ohio booyah. Whats up, whats going on there . Caller calling about cutera. Yes im going to go to the king of esthetics, i own it for my Charitable Trust man, ive been chowing down over the weekends, because lisa is making some darn good meals of late. Travis in iowa travis caller hi, cramer. Is it time to buy . I think that hes paid down enough debt to have the stock go higher i think it can go to 20 im going to peter in connecticut. Peter . Caller booyah, jim. Ive got a question not a question, my company is my stock is Ultraclean Holdings were going to do semi equipment. We Like Lam Research first, and thats the order were keeping them that, ladies and gentlemen, is the conclusion of the lightning round the lightning round is sponsored by im here at the Td Ameritrade trader offices. Steve, other than making me move stuff, what are you working on . Let me show you. Okay. Our thinkorswim Trading Platform aggregates all the options data you need in one place and lets you visualize that information for any options series. Okay, cool. Hang on a second. You can even see the anticipated range of a stock expecting earnings. Impressive. Whats up, tim. See options data like never before. With thinkorswim only at Td Ameritrade. Without pg es assistance, without their training our collaboration with pg e is centered around public safety. We could not do our mission to keep our Community Safe. Anytime we are responding to a structure fire, one of the first calls you make is for pg e for gas and electric safety. Its my job to make sure that they have the training that they need to make the scene safe for themselves and for the public. Its handson training actually turning valves, turning systems off, looking at different wire systems all that training is crucial to keeping our Community Safe and our firefighters safe. Together, were building a better california. Now that were in the height of earning season, were been flooded with numbers i need to remind you of something, i dont want you to overthink the market thats why tonight were going off the charts with tim collins, my colleague at realmoney. Com and a friend, to give you a better sense of what im talking about. Cramer fave united technologies, we went up there to see pratt and whitney, reported a strong quarter. Even though i liked the stock, its ended up going lower. While nobody likes it when the market behaves irrationally. If a Company Reports a good company, and the stock goes down, we call that a buying opportunity. Were not being glib theres guys opportunities i thengs ementioned united tech, because we could be seeing something very similar to General Dynamics after it reports tomorrow if General Dynamics gives you a nice beat and maintains guidance, and the stock goes down, you might be getting a wonderful gift regular viewers know i am a huge fan of defense contractors one thing the Trump White House and the Republican Congress really wanted to do is spend money on the military. That means buying new hardware at the same time, our allies around the world are beefing up their own defense spending, because we live in an insecure world, and the United States has stepped back from being the worlds policemen. But why does collins like General Dynamics lets start with this daily chart. At least until today, the stock has been dragged down by a selloff. Jean dynamics looked like it was on the verge of making a major break out. Currently the stock is trading at 230 and change. If the stock can rally up 1. 50 from here, it will have broken out the ceiling of resistance. If that happens, collins would be a strong buyer. Second, you see the colored in area above and below where the stocks been trading you see this kind of thing these are known as bullinger bands. Theyre a tool that measures the volatility in a given stock in a given time General Dynamics has pushed above the upper bullinger band, and thats a very bullish sign look how things played out the last time the stock played out in late april, and in late may look at that each time General Dynamics roared higher. Those are big moves. We want to catch those General Dynamics made a double top pattern. Peaking right around where the stock is currently trading if we get the breakout that collins is looking for, general dynamic also have moved past that double top pattern, and i think it will make a lot of people cover their short if theyre shorting General Dynamics earnings season is crazy, so lets say General Dynamics does go lower even if the report is a good quarter, whats collins take then if the stock breakout fails, he expects it to stay stuck in the Current Trading range. Hes looking at one at 200, and one at 196 in his view, those are your potential downside targets if something goes wrong, he predicts 3 to 7 worth of downside if General Dynamics can break out above the resistance, the stock could go to 215 thats up 11 and change. May not sound super amazing, but an 11 up, 4 to 8 down scenario, thats something a trader should be dying for if General Dynamics wasnt about to report earnings, this would be the only picture that collins would focus on this is a thing of beauty, isnt it textbook example of a bullish chart. Collins points out going to last december, we see a very clear positive trading channel traders who bought General Dynamics when its pulled back and sold it every time it brushed up against the ceiling of resistance, have made good money. On the weekly chart, General Dynamics has a floor of around 200 right there, should hold then at 196, another floor. Courtesy of whats known as the chandelier exit. The purple area on the chart, technical tool that tells charters when to give up on a stock. In short, collins says as long as the stock continues to hold above 196, theres no reason not to own General Dynamics beyond the price action. Lets look at some of the other things thats the of the lascillator, s out that this is about to make a bullish crossover right here black line goes above the blue line, well have a reliable signal to cement the story, he wants to see this, that tells you when a stock is overbought or oversold. Put it all together and he thinks it could trade up to, here we go, 230 within the next 12 months. Heres the bottom line in this crazy week, i find these charts to be good touchstones to help you navigate your way were going to hear fromged tomorrow and the charts suggest this defense stock couch more room to run with minimal down side so if General Dynamics reports a good quarter and the stock gets slammed any way, all the more reason to treat the weakness as a buying opportunity for this, the highest quality defense stock there is stick with cramer. Congratulations to holders of amd for a blowout quarter dont forget nvidia. I like to say theres always a bull market somewhere, and i promise to find it for you right here on mad money. Im jim cramer, and i will see tomorrow 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. Jared joyce, a serial inventor whos hoping to sell the sharks on one of his many ideas. This is going to be fun. My name is jared joyce. Im an inventor entrepreneur, and today, in exchange for 250,000, im offering you 25 equity