Then a couple days later we get a good number from 3m on top of a very positive quarter, some health relates from united technologies. All these Companies Sales and earnings were supposed to be crushed by the strong dollar and weak orders. This morning even caterpillar reports a quarter thats not as horrible as people thought, including the analysts from Goldman Sachs. And the industrials become market darling again. Money is now pouring into them. The group just got too hated. I think this sea change gives us a bottom to buy, and more morn honeywell as former reported of what i thought was the first of good numbers. Honeywell could become mighty attractive. Airbus is laying some big orders. Or consider not too long ago that apparel was miserable. Mercilessly. Then theres the curious case of underarmour when an ammist over at Morgan Stanley slapped a sell on the stock, scaring the dickens out of the everyone. I told people you never made a dime betting against kevin plank, which has a particular set of skills. Sure new underarmour shot the lights out, sending the stock up a magnificent 22. 5 in one day. That was easy. The negative analyst was too focused on the discounting, and totally missed the amaze growth of connected fitness, we know the long knives are out now for apple, because the company is viewed as being all about the iphone, many people now worry the cell phone business has peaked, but i say look at the beautiful stream of service of 1 billion active devices. What else . A week aceverybody gave up on anything oil related. The next thing oil rallyings seven straight bucks, a remarkable move, as one serve is no and even core labs, talking bottom. People arent drilling. Of course at the same time clarification that oil is not like iron or tin or copper or steel. Global usage is actually up, not down, including china. Next thing you know the whole group is on fire. Whether or not you think this move makes sense, youre getting much better prices to sell the oils and the limited partnerships. Now along comes another group thats being obliterated. All of a sudden, one of the favorites in this marketplace, anything health care related. It doesnt matter. Many investors have been hiding because of political issues and a couple missed quarters just throwing all of them away, and instead deciding to hide in the consumer peekaged goods stock. And even left for dead kimberlyclark. Why dont we go over why this might be. First the leading president ial candidates bashing the entire Health Care Systems while the republicans as a whole will largely avoid any discussion of pharmaceutical pricing. Donald trump is on record ultimatee the ultimate an ma to oil companies. He goods to even though trump is not coming to the Republican Debate tonight, theres many on wall street fear hell stake out this ground again. That trump, Hillary Clinton and Bernie Sanders all agree on, meaning all the frontrunners are in favor of the government negotiating with Drug Companies for lower prices. Putting aside the fact i doubt any president could pull this off, considering big pharma has so many friends in congress, lets say the rhetoric is bat for the industry, as well as president clinton, even as he ultimately failed just miserably to get his health plan through congress. It was an amazing generational buying opportunity. Its true that every other developed country bargains with farm soot call, so you can understand. The fear is that they might remain weak under the election, so dont even bother own them. Just get out now. I acknowledge that fear. Would it be so terrible to think longer term, maybe do a small amount of buying . This might be a repeat of the beat pharma and failed. I was trading those days, and remember wow, what an opportunity, but i too was scared. It paid off. Im not trying to call the bottom in health care, though you may have to be willing to take more political pan before you make economic gain. Finally there was the multiple day give up in f. A. N. G. , baas people feared they were overloved, then facebook delivers an amazing number last night and all is forgiving and the money comes scorching back. This outperformance would end is what looked like a subpar number from amazon, the a in f. A. N. G. Although you have tore enamored nonf. A. N. G. Members s. The chip company and microsoft. Mr. Softy ceo, just aspa, listen to me, dont question and bite an nba team, unless its the miserable 76ers heres the bottom line. I think its fair to say we have panic mixed in with ownership, because so many Portfolio Manager rotated into the Safe Health Care stocks, but it seems the better bet is to buy the best at whats being thrown away in stages, not all at once, because you never know when the new rotation is going to end. Nevertheless as tim cook said in the terrific but incredibilitily scored Conference Call, this too shall pass. Lets take calls. Adam. Caller hello, mr. Cramer. Adam from delaware. How are you doing . Caller fantastic. Thank you for everything you do and i said your opinion on my strategy with ford. Ford is overdone. I know a lot of people think the sector is peaking, but this is getting ridiculous. And 11, i dont know, put it away, i think youll be fine. Rocco in oklahoma. Jim, booyah. Booyah, chief, whats up . I just wanted to know what you thought about all the earnings. The. We dont buy chinese stocks on this show . Why . All that the market cements to do is go down. We dont want to touch it. Lets stay more conservative s jim. Caller im wonder if i should have unloaded it for at t is fine. Fine, just not as good as vising. Generationally we like verizon for the older folks and tmobile with john ledger for the younger people who want to take on the and play some sort of drinking game. Lets go to alex in new york. Caller jim, question question, due to solar city, 8 gains, do you think it would keep going up . I hot it does. Because people can sell sell sell and go go into the legitimate similar play that we like to which so mad money. Your rotation alert, this is what you get when you have a ownership in the health care sector. Throw away, but only in stages. Mad money tonight, im celebrating Throwback Thursday and disgusting off my infame otherwise iran that the fed may not know nothing about whats going to happen. And were in the midst of the earnings season, but dare i say weve already seen the single best quarter of the year . Thats just ahead. And from a tech standpoint, no one is better than avnet. I have the ceo. So why dont you stick with cramer . Dont miss a second of mad money follow gentlewomancramer on twitter. Have a question . Text, email mad money, or give us a call at 1800743cnbc. Head to madmoney cnbc. Com. Check this out, bro. Whats that, broheim . I switched to geico and got more. More savings on Car Insurance . Yeah brofessor, and more. Like renters insurance. More ways to save. Nice, brotato chip. Thats not all, brotein shake. Geico has motorcycle and rv insurance, too. Oh, thats a lot more. Oh yeah, im all about more, teddy brosevelt. Geico. Expect great savings and a whole lot more. Our clothes can stretch out in the wash, ruining them forever. Protect your clothes from stretching, fading, and fuzz. With downy fabric conditioner. It helps protect clothes from the damage of the wash. So your favorite clothes stay your favorite clothes. Downy fabric conditioner. Wash in the wow. Man sternly where do you think youre going . Mr. Mucus to work, with you. Its taco tuesday. Man youre not coming. I took mucinex to help get rid of my mucusy congestion. Im good all day. Not 4, not 6, but 12 hours. Lets end this shoulders dont just carry pads. They carry your fans passions, hopes, and dreams and maybe, a chance at greatness. Because shoulders were made for greatness. Not dandruff cheezit grooves are the Perfect Union of a cheezit and a chip. You mean like they got married . Umm. I guess. Youd make a pretty bride in that wedding gown. Oh, its a lab coat so. Hey everyone, joes getting married bam bam ba bam. Oh, im not. We take time for our cheese to mature in our crispy cheezit grooves. In a world thats trying to turn you into someone new. One hair color wants to help you keep on being you. Nicen easy. Naturallooking color. It just looks like you. Memo to the members of the Federal Reserve did you listen to any of the Conference Calls from Major IndustrialCompanies Based here that we got this week before you foolishly refused to take a march rate hike off the table yesterday . [ booing ] did you pay any attention to what the executives said in davos about the sudden weakening in the World Economy after the december rate hike . [ buzzer ] Companies Like apple, boeing, 3m and dupont have to say about the immense troubles theyre having in part behalfer rant moves and discordant stapes about four hikes in 2016 . You really ought to lynn to what they have to say. If you do, youll regret raising rates last month in the name of inflation, because there is no inflation. All the fed has done is sacrifice american jobs. They just dont know it yet. After yesterdays announcement its clear they havent been living to what main street not wall street, but what main street has to say. It caused a spike around the globe, putting our companies at a shocking disadvantage the stronger dollar wouldnt matter that much, but the relation of the world is slows so fast its need an additional tavern in these world with the own Currency Debasement to make it even hard for American Companies to do business overseas. Thats right. If the fed had done nothing at all, many of our National Companies would have seen some dlans, but the rate hike jacked up the dollar, especially the emerging mart currents sis were only starting to feeted aftereffects. And our american workers, just consider the exact, that spent a tremendous amount of time going over this very issue. A nearterm reality thats getting a significantly but they cant be managed with any real effectiveness. He continued when we talk about Foreign Exchange impacts were sometimes asked why dont simply hedge these away . Its a very valid question, he says, something we look at internally, and with a different set of outside eyes every year as we prepare for our financial plan, end quote. Muller goes on to detail how Procter Gamble is basically help 1 2, with the deleterious effect on the bottom line. I quote a significant amount of our forward exposure is in currencies either nondeliverable or very difficult to head. The argentinian peso and the ukrainian currency are three examples. Second, hedging is neither free occurrencely volatility, he says in itself increases in significant ways this cost, so when you want it most, it becomes difficult to afford. Final quote it solves nothing longer term. It also does nothing to help restore the margin structure of the business. It simply defers volatility. You have the same hit with the same margin impact you would do you think the feds even get that stuff . Maybe they dont understand it. Then to explain the pernicious moves exacerbated by the fed, he walked through a typical transaction in a country where the freakin strong dollar is killing them and where the he goes through what happens in argentine ooh. The argentine peso has been devalid by 30 to 40 very thats crushed American Companies. I love the way he explained what happened by examining the issue important gillette business. First Foreign Exchange fluctuations increase the cost of peso denominated inputs. He says, im quoting we board gillette blades and mexico into argentina. Why the cross ways between the two currencies increases the argentine cost of base. And secondly he points out theres a Balance Sheet revaluation. To consider this incredible value, he says while razored produced in mexico are moving through the customs pros in argentina, our argentinian business holds a pay object on the books. At the end of every convey payable and receivables are revalued. Gains are loss from revalue waiting transactional balancing flow through the sg a and are included in core earnings per share. An important accounting issue. The last nightmare income statements subsidiaries that do not use the u. S. Dollar as their functional currency are translated back to the u. S. Dollars. All right. Thats the gobbledygook, but how much do these issues hurt the raider blade business in argentina. They are projected to be significant, and theres the numbers. 70 million, 50 million and 30 million after tax. This is 140 million after tax for the year because of the super freakin strong dollar. Holy cow. Thats a real hit for any company right there. Thats what the fed is aggravating when it raises rates, that incredibly difficult thicket for every u. S. Company trying to business overseas. Whos the biggest loser . You are. No question, the american worker, because like it or not procter has to find a way to estimates in order to please the shareholders who continually increaseivity dividend. If procter is going to get hurt as just described or enough foreign countries, then the company will have no choice but to slash costs, and those costs will largely be born on the backs of the workers in america. Procter gamble has always tried to reduce the cost of nonmanufacturing overhead, and its very much a part of the new economy. I think the fed looks at the Business Cycle in analog terms as gary cohen, the chief operating office of Goldman Sachs said veldly in davos, the real economy is growing digitization will be a big enabler of our overhead in manufacturing enrollment, cogs that do not impact reach do not impact frequently. A loot easier to fire people these days and not skip a beat when it comes to expanding sales. How does this show up . Just take this impact from one industry advertising. Last year we reduced the number of agencies by nearly 40 and cut Agency Spending by 370 million were aiming for an additional of agencyrelated savings this year. Thats jobs that are disappearing right before ourize because of this crazy super freaking strong dollar. Its not just Procter Gamble. Ic have been they the feds current stance and its uncertainty is constantly enendering the opposite. As it is, like tim cook said, were expensing, quote, extreme conditions unlike anything every experienced. The next time you hear someone glibly asking how can a quarter point rate hike really do any damage to the u. S. Economy or even claim its good for business, as some people have done on our air. I so go listen to the darn Conference Calls. Ever company with significant foreign operations will look at home and find places to digitize, which is the new code for boosting product activity by using software, and firing people relentlessly. The bottom line, when you do the homework, you realize the world is in crisis. The only company that can do something about it is the United States, to deliberately slow our own economic growth. One question for the Federal Reserve. Youre doing this in the name of what, exactly . Let me know if you can einar tick late a reason. I notice i sure cant find any. Sure its a tough market, about you one company just reported the best story of the year. And avnet is causing some to sector. And looking for a play to keep the lights on . See if it could pay in a tough market. So dont you stick with cramer . My son and i used to watch the red carpet shows on tv now, im walking them. Life is unpredictable one thing i need to be predictable is to be flake free. Because i have used head and shoulders for 20 years. Used regularly, it removes up to 100 of flakes keeping you protected every week, every month, every year you ready ma . Always life is unpredictable, so embrace it head and shoulders. Live flake free for life your clever moves wont stop the cold and flu. But disinfecting with lysol can. Lysol wipes and spray are approved to help keep your family healthy, lysol that. Ive got two reasons to take care of my heart. Thats why i take meta. Meta is clinically proven to help lower cholesterol. Try meta today. And for a tasty heart healthy snack, try a meta health bar. Lilly. She pretty much lives in her favorite princess dress. But once a week i let her play sheriff so i can wash it. I use tide to get out those week old stains and downy to get it fresh and soft. You are free to go. Tide and downy firstening first, if youre paternity leave, mark zuckerberg. The reporting came during the first month he took off to spend with his first daughter. Lets hope he plans on having a very big familiar [ rimshot ] all kidding aside, the magnificent 15. 5 runup p. Given this is one of the best quarters weve gotten from any company in ages. It ticked off every box that investors want to see. It was spectacular first facebook had r, acseg rating revenue growth, 66 on a Constant Currency base, a terrific ramp up. Theyre growing so rapidly that who even cares about the impact of the strong dollar. Second, the company has no Economic Sensitivity whatsoever. Anything we could see broad will have based macroweakness, now mobile is more than 84 of the users that access the site. Fourth, despite the hundreds of million of hours watching video, Sheryl Sandberg points out that advertisers have yet to catch up with consumer adoption. Even though more than 2. 5 billion Companies Currently advertise with facebook. Sandberg says facebook is underindexed despite the tremendous return for advertisers, including a 20 times return for shop direct. Thats the uks second largest onlie retailer and facelift from halo 5, sandberg says these tell advertisers we want to be the yen, no doubt she means it. Facebook doesnt need to buy back stock or investing in the business typically gives them an instant return, which is why i dont have to be wary of the increased expenses they show. In fact you probably want them to accelerate. Facebook will spend ties what they do on instagram, whats app and messenger. And the companys going to spent three times what they currently do on Artificial Intelligence and virtual reality, because they expect the returns to be even more massive. Six, its entirely possible that messenger and whazapp could ultimately be as big at facebook and instagram. Zuckerberg is so confident he waived the fees. Just lines instagram once they build a better using. The okay ululls arrive acquisition is about to explode, as facebook is targeting the xbox, playstays and wii yours on the there. Sewell ea significant retch stream in the very near future. How did this all happen . How did facebook, which initially seemed to mobile unfriendly become seven a powerhouse for users and therefore advertisers . Simp, as zuckerberg said on the call, and i quote i told all of our product teams as they come in for reviews, just come in with mobile. If you try to show me a desktop product, im going to kick you out. You have to come in and show me a mobile product, end quote. I love this quote crude leadership tactic is what led to that and allowed facebook to develop a great consumer experience. Some things actually enhanced by and art of it. All these changes have created a stock fromming frommy frilltively expensive to be somewhat cheap at 10. It seems like they could earn 5. 5 a share in 201. So heres the bottom lines. These changes you are howing get the best news story of the year, which is why facebook is the cheaper of highgrowled f. A. N. G. Cohort. I think its a buy, though obviously i like it more if the stock goes lower, who knows, in oil goes down big, maybe it will get there. Scott in texas, scott . Caller im an 1yearold investor looking to take your job when im older. Remember we dont care where something came from. That paypal quarter was a thing of beauty. When i hear people say venmo me lets go to dennis in south carolina. Dennis . Caller yeah, jim, stock im calling about is i sold my shares about three or four months ago. Is it time to buy or not . I didnt like the things i heard. Im going to say dont buy, dont buy zillow. Tom . Caller booyah from the peach state. First time caller. Palo Alto Networks has been in the house of pain lately. This week israel reported a major hack attack on their electrical authority, bringing cybersecurity back into focus. Is now a good time to take a position in palo Alto Networks . The house of pain. Those who are own it down 20 . Palo alto is uniquely a high speculative stock. This is one of those cases i the stock start going up, and telling me its bottomed before i can push the stock. I dont want to hurt anybody. Facebooks got the best news story of the year, if not the decade. Its somewhat cheap at these levels. Who wouldnt want in on this monster. Much more mad money ahead, including avnet. Is this a back side for the overall tech sector . And then American Electric power, a stock asleep has been able to power high despite a tough market. Im talking to the ceo to see if it can continue its rise, and tonights very special edition so stick with cramer. If you want to take the temperature of the technology industry, i always say you should find out whats happening at avnet, a company i describe as the largest supermarket of electronic components, as well as being among the Largest Technology hardware, software and services around the globe, so it matters that when avnet reported this morning a 3cent earnings miss with substantial weaker than expected rebels, and even on a constant occurrencely basis that number would have been down, maybe it suggests more weakness from the super freaking dollar . Or perhaps something else. Heck week it change three cents. Why does all of what does it mean . What does it mean for the whole tech secto . Mr. Matta, welcome back to thank you. Great to be back. This was a tough quarter. Yeah. This is by your own admission, youre basically in the Conference Call and in your statements, you said things didnt go as planned. Why is that . Jim, a miss is a miss, but we show up rain or shine. The threecent miss, remember miss that you talked about, recalling le a risen problem for us overall. Were very proud of the team that despite that revenue miss, we still expanded gross and operating margins, and the cost controls were really good. Cash flow was as good as well. There were some silver linings, with you a miss is a miss. Lets go over the silver linings. Bright spots automotive and aerospace. I mention thinks, because some people are worried that aerospace is slowing down and ford, their stock went down. For us, jim, when it came to where the dislocation was, it really was concentrated in the americas, and it showed up in both the components and the computer side. We phet there was a slowdown, by the way, the same time of indicators we thought were mirrored, and down in december in the u. S. , so we felt we were pretty much tracking with that on the computer side of our business, it was more about a disappointing quarter end, and some but some shrinkage in our storage system space as theres a transition going on between some of the latest technologies and some of the new upandcoming platform technologies. Is there any changes. We did refer to the first three weeks of january we had a nicely positive booktobuild transition. We were 0. 98 for q2. We dont want to overplay that, but its certainly better to see a positive book to till rather than a negative. Im a huge believers of the be ned and theres more connection, more devices, just over time everything is getting more digitized. Is it just a hiccup . Or maybe this is not the greatest trend that i know ive been playing up on mad money for a long time. Transitions in play. I think youve had previous guests that talk about the necessity, and we believe the internet of things, we believe in embedded, and we believe this transfer are all critically important to our future. So all seasons, we are finding ways to invest. Remember, now, even with the shortfall in revenues we were able to expand that. Can you imagine if we get growth back and still maintain that disciplined cost control . Always trying to get ready for the next up cycle. And keep buying back stocks. Thats right. Thats right. Weve been very disciplined about this, jim. I think we talk about it each and every quarter. With the pullback, i think one of the reasons there was a more muted response to the equity, were down 7 , just based on the general market malaise thats happened overall. Weve been making sure that this pullback to invest more aggressively. One last quick. Two years ago when we were talking, three years ago, four years ago, we always talked about how europe was bad, but the United States saved things. It does seem its kind of reversed this quarter. Jim, this is a trend we have talked about the last few quarters, our business in local currency continues to have positive organic growth and not only led by our opponents another team over ten quarters, we also have the recovery story in our computer big thats four quarters strong and growing, and i still believe theres a bit of underestimation as to how strong the overall underlying European Industrial economy is. Its been a great buy every time its gotten hit like that. Rick amata, thank you for coming on the show. Thank you, jim. Good steady business. I believe nothing b. Youve heard that january is getting better. Maybe thats the piece of information we needed mad money is back after the break. Here in the city, parking is hard to find. Seems like everyone drives. And those who do should switch to geico because you could save hundreds on Car Insurance. Ah, perfect. Valet parking. Hello heres the keys. And, uh, go easy on my ride, mate. Hm, wouldnt mind some of that beef wellington. To see how much you could save on Car Insurance, go to geico. Com. Ah car alarm sounds its ok cheezit grooves are the Perfect Union of a cheezit and a chip. You mean like they got married . Umm. I guess. Youd make a pretty bride in that wedding gown. Oh, its a lab coat so. Hey everyone, joes getting married bam bam ba bam. Oh, im not. We take time for our cheese to mature in our crispy cheezit grooves. Shoulders dont just carry pads. They carry your fans passions, hopes, and dreams and maybe, a chance at greatness. It is time for the lightning round. An then the lightning round is over. Are you ready, skeedaddy . Its time for the lightning round. Alan big by booyah from philly. Lets go for genos and have a cheesesteak. Tmobile . Im a buyer, because i think judge ledger is super. Lately, though, jordan . Caller hi, cramer, what do you think of beck continue dickinson. I always like it, but im going to raise you with, i think, baxter. Why . Because mr. Al media . He ade nose taken over baxter. Hes fabulous. Xander in louisiana, xander . Caller booyah, cramer. Hope youre having a good day. What was the stock . Alumina . I too connected with biotech. Buy slowly as the stock comes down, but the charters hate the stock. Dont be aggressive. Michael in new york . Caller cramer, booyah. I own jd. Com. I cant help you there. Were not recommending any stock no way no how. Adam in new jersey. Caller by booyah from new jersey, buy, sell or hold novavax . Its getting crazy, frankly. I know theyre all for sale, but longer term. How about go to david in new york . David. Caller the stock thats making new lows ibb. Celgene, heres the problem, they were very conservative about revenue, the number one drug, i think it might catch a downgrade or too. Im not backing amp. I think this stock could go to the low 90s, because that group is under such pressure. Nobody wants it. Keith in florida . Caller boo yak. Speculative. All the air comes out of it. I am a believer, but understand these stocks are all part of that health care complex that suddenly everyone hates so much. John in florida. Caller hi, j. P. Booyah. My stock is cbm. The question is, is it oversold . Again this is an arms dealer for the Life Sciences industry. And no one is lets wait until it comes in, we see if we get a bounce and then maybe a bottom. Not yet. That, ladies and gentlemen is the conclusion of the lightning round. The lightning round is sponsored by the more you move the more you sweat degrees Motionsense Technology keeps you fresh with every move. It has unique microcapsules that contain fragrances. Friction breaks the capsules. Whether youre meeting a deadline. Grabbing a bite. Or heading out for the night. Motionsense, protection to keep you moving. Degree, it wont let you down. Laundry can wreak havoc on our clothes, ruining them forever. Sweaters stretch into muumuus. And pilled cardigans become pets. But its not you, its the laundry. Protect your clothes from stretching, fading, and fuzz. With downy fabric conditioner. It not only softens and freshens, it helps protect clothes from the damage of the wash. So your favorite clothes stay your favorite clothes. Downy fabric conditioner. Wash in the wow. Mucinex fast max. Its the same difference. This one is max strength and fights mucus. Mucinex fast max. The only cold and flu liquid gel thats maxstrength and fights mucus. Lets end this. Good journalism is about telling a story from more than one perspective. Embracing diversity can enrich your story by allowing you to see things from more than just one point of view. Thats a story worth telling. For those of you who are worried that we could be headed into a serious slowdown, thanks in part to the iladvised policies of the Federal Reserve, why not start getting comfortable with a group thats totally domestic. Im talking about you utilities. Aep, owning the largest Power Transmission in the country, serving roughly 5 million customers in 11 states. With so many stocks down for 2016, i think its worth pointing out theyre giving you a nights 2 rally, it also pays a solid yield. The much more heavily reg layed slow and steady utility side of things s you can follow look with Meyer Charitable trust and following our moves. They both came in slightly lower than expected. Management reaffirmed its fullyear guidance. 2. 23 . Show me another industry where you with miss on both of top and bottom lines. So lets take a closer like with nick acontends, the president , chairman and ceo, to hear more about the quarter and where the company is headed. Welcome back to mumm mvp. Great to be with you, jim. My Charitable Trust owns this, how is it possible that people might be disappointed in their earnings, yet they buy the stock. You know how unusual it is in this particular market. We came in two cents less, but you look at the year, the Fourth Quarter was the warmest years, and when you look at the amount of load margin that was lost as a result, it cost us about 11 cents a share. So all in all, we raised guidance twice during 2015, and wound up the year firmly within that guidian rain even with the 11 cent bogey. Youre in so many difficult geographies, but oil and gas, which surprisingly, i dont know, maybe because its really did okay for you. Yeah, really is interesting. Were still seeing over 10 growth in oil and gas counties, and you have to sort of separate the production and exploration side of things versus the midstream activity as well. So in those counties, were seeing over 10 growth still. The reason is because Pipeline Capacity is being built, optimization of existing fields are occurring. As well you continue to invest in those types of activity, so it really does contribute to that are more electrical energy. So we know a wall street were gripped by the Federal Reserve raising rates and trying to fidget out whether things are slow ugh down. There are some things that have changed, right . Absolutely. Were seeing primary metals drop because of the International Global issues dealing with the economy, so were seeing a slowdown there in the particular mining as well. We see those activities continue to slow down, and of course oil and gas new drilling activity has slowed down considerably as well. Would you ever thing that giving some of these are so overstretched that if in were to reorder eye, maybe it would be time to actually buy natural well, we really, when you look at the exploration, the commodity itself, for us to buy Something Like that, were really focused on being a premium regulated utility. We want to invest in infrastructure that we need to invest in, as you had were the lastest transmission provider in the country over an 11state area. We have plenty of places to put our capital. We could take advantage of bon us appreciation, we have ready, willing and able capital to deploy to continue to optimize the grid. For us to be involve with fuel coming out of the ground, we take more risk, because typically if you hedge fuel, you wind up with a risky proposition when you have a fuel cost passthrough. Thats why we typically dont get involved with that activity. Lets just i like the regulated business, with nrg, money everywhere. Explain why a regulated business will actually help them plan to different for a longer period of time than you might otherwise get . Regulated companies, if you can make investments for the long term, and this industry spends 110 billion a year, capital forecast is 5 billion a year for the next three years. When you spend that kind of capital for a longterm basis, you really want to see consistent recovery of the investments that you are making, and certainly a regulated utility allows you to do that. Were also branching in to purchase longterm purchase power arrangements around solar, microgrids, those types of activity, and as long as its seen as was i regulated where we get that consistent recovery for the longterm investment, we can produce consistent quality and Earnings Growth as a result. And thats where were targeting. Thats exactly what the people who watch mad money good to see you, sir. Thank you, jim. Hit it out of the park, you know because you can always strike out. You will not strike out with American Electric power. Stay with mad money. cell phone rings where are you . Well the squirrels are back in the attic. Mom . Your dad wont call an exterminator. Can i call you back, mom . He says its personal this time. If youre a mom, you call at the worst time. Its what you do. If you want to save fifteen percent or more on Car Insurance, you switch to geico. Its what you do. Where are you . Its very loud there. Are you taking a zumba class . It reminded him of his magic eraser. Its not just for marks on walls. Its tough on kitchen grease. And bathroom grime too. Hes your. Remember, everyone got excited about amazon, but amazon decides what it wants to show for earnings, sometimes its disappointing and looks like it is tonight. Microsoft, the stock should not good gone down. The business is very strong away from pcs. I always like to say theres a bull market interest, and i promise to try to find it for you here on mad money. Im jim cramer, and i will see you tomorrow. Its friday, january 29th, coming up on showearly today