Its the financials now. When oils sold off, we saw Small Companies go belly up. Thats no longer the case. Now were worried about companies that used to be much bigger than they are now, which is right in the blast zone of the recent selloff. For those of you not familiar the largest natural Gas Producers in the world. It borrowed big and bought key assets making acquisitions with loads of debt that among other reasons contributed to the ultimate removal from the ceo job. Now he had the foresight to recognize that natural gas wasnt going to grow much. Sow moved aggressively into oil while it was rising. And looked like chesapeake was going to become an oil star. When he left in 2013, chesapeake had a market capitalization of 18 billion. Its the other side of the ledger, though, that the matters here. Namely, the 16 billion in debt that the company racked up putting all the assets together. That debt load is a real problem, not just for chesapeake, for a lot of people. Chesapeakes cash flow was stretched at the much higher levels. Imagine how bad it is right now. Natural gas is hovering at a multiyear low. Oil is below 30. Cash flow situation is critical. No. Make that dire. Especially as a key fact, 500 million in debt comes due next month. That is what people are thinking about behind the scenes. Recently we learned the chesapeake is figuring out what to do with the debt maturity. Sell assets, restructure some how. The thing you need to know is significant to this market even as the common stock may ultimately prove worthless. First we know chesapeake owes a lot of people and a lot of companies and perhaps a lot of banks. Some real cash. Second, chesapeake is having problems here that Many Companies that shared the intense lack of financial discipline will also be in trouble. Unless they have huge reserved the low priced oil. That was actually kind of a skill operator. Third, the market is not really ready for these defaults. Theyre beginning to be priced in. Much of the debt is in high yield bond funds and if you havent heard me before, i am telling that you these must be sold. You must there is no place to be reaching for yield. Many of the companies in the index i follow which is the hyg ishares Corporate Bond etf are all getting hammered. How far ranging can the pain be here . As far as major shareholders, icahn. He bought a ton of chesapeake stock back in the days. He has a big enough Balance Sheet that i doubt hell suffer much from the 10. 98 stake. Interesting by the way is that he is also the largest shareholder in freeport with an 8. 8 stake. Another oil company, way too much debt that desperately needs to make sales in order to stay one step ahead of the debt posse. And he owns 13. 83 in cheniere energy. They may run into trouble here. The natural gas coming from them will be well above world prices. Clearly, eye can has a thees bis energy. I would have to take the other side of the trade on every single one of those positions. I think the positions are horrendous, all three. Then there is exposure to the danks. They revealed that Oil Companies and oil Service Entities accoted for several percent of the bank stocks have been obliterated. Banks worldwide lend worldwide and Oil Companies. Chesapeake is a reminder of how flung thth bad debt fen no, maam could be. You may think that oil is the worst place to be in this market t youd be wrong. The perception that oil is the next big short, so to speak, the next place for the loan losses will soar causing havoc. Bank of america is trading at the cheapest discount that ive ever seen. Some is because the bank is the one that did best when the fed raises rates and well hear from janet yellen tomorrow. Of course the flip side is true, if they do put rate hikes on hold or because of the turmoil, bank of america does the most to lose. They need it. And if they get it, maybe they could k. Do a buyback. Thats up to the feds by the way, not bank of america. The bis discount to book value didnt occur until we heard about how the company had made 17 billion in energy loans. Dollars of loans. About. That 17 billion is just too many. Okay . As its hard to imagine who is big enough that needs a loan from bank of america that isnt short on cash. Hord to believe this stock is now back to where it was in 2013. Believe me, there is a sense, here we go again bad loan spike and if you fool me once on housing, shame on you. But you fool me twice on housing in other words, the book value once scrubbed clean is riddled with bad loans of a different sort. After the fiasco last time this bank. What at least looked to be a up conviction. I have to till, the pain horrendous. How about the foreign banks . We see the declines in the stocks from Credit Suisse and Deutsche Bank and other bank thats trade in europe. We have to presume that not only do they not have enough regular business, remember, our banks need it. But maybe they, too, are swimming in bad oil loans or at least bad commodity loans without any transparency over there, we cant be sure. And we always assume the worst in this environment. The European Bank stocks is perhaps the most frightening aspect of this particular market. We dont have a handle on their capital situation. They were never subject to the stringent stress test that u. S. Government put our banks through. So unlike the banks in this country, were all almost all raising capital. We dont know if the european firms have the capital to deal with the billions in sour oil lurking out. There theyre just not telling us. Finally, there is the Master Limited partnership, some of which have huge exposure to chesapeake could really get hurt if the company goes bust. You may have seen williams and equity get slaughtered yesterday, even as they rebounded tiny bit today. They have huge composure to chesapeakes pipeline company. Wealthy individuals are loaded to the gills with the partnerships and the stocks tend to trade together. The losses staggering. Now i dont by any means mean to pick on chesapeake. Its a little atypical most Energy Companies warrant as reckless whether they put together the portfolios m are still shelling out huge amount of capital expenditures, much of which they dont have the current cash on hand to pay for. Many of you have asked me how can it matter so much if oil stays down . The answer is well have more and more chesapeakes over time. The silver lining, if these companies can just stop drilling for whatever reason, including bankruptcy, then the price of oil will finally be able to go higher. But that is like wandering through the desert to cross the river jordan. Not a lot of firms will make it to the land of milk and honey. So heres the bottom line. If we get enough chesapeakes to stop drilling, oil will indeed find a bottom. In the interim though, expect the pain to continue rippling throughout system every time oil falls, a dollar from here, one dollar, and, of course, every time oil rebounds a buck or two, we get a nice reprieve. Just like we saw at the end of todays session. Daniel in georgia, daniel . Caller hey, jim. Im looking at chevron. And with all the recent crude oil flufluctuations, where do you see them heading . Im not recommending any fossil fuels. We have written them off in this but chef lon at 83, i dont know, im kind of interested it in. Maybe p 76. Im not a recommender of fossil fuels, though, im a serl of fossil fuels necessity cause too much pain. Until oil finds a bottom, this market can continue to hurt you. Its a lot of stress on the system. Thats what the chesapeake story tells you. On mad money tonight, has fanning lost its fight. Im talk willing the technicals to see if weakness can continue. The stocks are forecasting a recession. Dont miss the list just ahead. And he started under armour in his grandmas basement 20 years ago. Today his company is the biggest threat to nike in the sportswear. I sat down with kevin plank to hear about his rise to the top. He says take no prisoners. So do i. So why dont you stick with cramer . Dont miss a second of mad money. Follow cramer. Send him an email or give us a head to madmoney. Cnbc. Com. Fortifying the gravitydefying. Friendconnecting. Dayseizing. Strong. You. New special k nourish. Multigrain flakes with quinoa, apples, almonds and raspberries. New special k nourish. Fortify. I take pictures of sunrises, but with my back pain i couldnt sleep and get up in time. Then i found aleve pm. The 12 hour pain relieving strength of aleve. Im back. Aleve pm for a better am. This is mineral build up it collects leaving gross germridden stains. Clorox toilet bowl cleaner with bleach is no match for that. But lysol power toilet bowl cleaner eliminates mineral buildup effortlessly. So why choose anytng other than lysol . Market turned against one of the most beloved, talked about but before we get into the recent weakness and what to do with it, lets remember where this fang acronym came from. It was actually created here on mad money with the help of our favorite chartists. Its just a representative thing about what was working. Its now been almost three years exactly since we first bundled the four names together, february 5th of 2013. Since then, facebook soar second down 50 , amazon fell 81 , net richl is 246 higher and google is 83 . On average, banks giving you monster 165 return during the period where the nasdaq rallied 43 . The s p 500 just 23 . In other words, over the long term, the bank stocks are tremendous outperformers. Just like we predicted on the very beginning. Lately though the vicious rotating bear market gotten the claws into fang. The whole group has been obliterated which begs the question, will fang continue to get crushed or can facebook, amazon, net licks and google not too distant future . In a difficult environment like this one, we need to turn the clarts to get a sense of where the stocks are headed. How about consulting the very chartist who helped recite the fang acronym, bob lange . He is the senior strategist and technical star in the three man team behind the street that comes trifecta stocks newsletter. He thinks its important to point out when were in the throes a a bearish market, no markets go untouched. Amazon and netflix had a terrific source of funds for troubled hedge funds that need to selt winners to cover resemiconductortions or simply to stay afloechlt remember, guys get to pull the money out, you have to sell something. You sell the most liquid ones. However, while the hedge funneled liquidationish sue temporary, long term, lange believes the fang stocks are like we see many times before. Why dont we start with facebook. Take a look at the monthly chart. The recent decline, can you tell. This say big long month, right . We see this. A monthly chart is much longer than what people look at. All the way up here. Not only does the stock remain above the 20, okay, and the 30day the 20 and 30month these are month moving averages. But the money flows down at the bottom here remains, its an indicator that uses to me shurt level of buying or selling pressure in a given stock. It is still positive. Just not much to worry about when you take the long view. As a matter of fact, thats geez, thats close to perfect. Wow. Okay. How about amazons monthly chart . Here the pain is more evident. He says that amazon could pull back to the low 400s from here. It has room to fall before it should be written off. Not only is the check an money flow really, good its been very positive for the past nine years. Talk about a long term trend. Pullback is a lot like the corrections amazon experienced in 2014 and 2010 where the stock went out of style for a few months. Those are times whether the company wasnt that forthcoming with the numbers. Remember, they missed numbers badly this Conference Call. Alphabet known as google is in a similar chart. The recent pullbacks, the pullbacks remind lange of selloffs in 2010, 2011 and 20146789 thats whether they tested the 20 month moving average which is currently at 618. Lange thinks they test the level and rebounds. They believe its more likely that google will bottom well before. That he is looking at the moving average indicator. We call that mack d. An indicator they use to detect changes in the stocks trajectory before them. Its been flashing by single line crossed the red one. Second that money flow is still positive. What about netflix though snt best performing stock in the s p 500 last year. It has been hammered since 2016 began. All right. Check out this monthly chart n three months, netflix pulled back to the 20 month moving average which lange believes gives the stock a strong support at 82. Thats roughly 4 below where it is trading now. That reminds him of the pullback we saw in 2014 right before netflix rocketed into the stratosphere. He think this is is temperature for airy. He is taking in the long run the fang stocks will do just fine. So what about the short term . Again, well start with facebooks daily chart which is, lange believes is the bestst bunch. Facebook reported spectacular it brutally sold off last week where it broke below the 50 Day Moving Average even after last weeks selling, lange likes to take the money flow index which is positive, shows demand for the stock. He thinks facebook has a nice level of support down 5 from here. Hes talking about right here at this level. That is the 200 Day Moving Average. If the stock can break out above the shorter term 50Day Moving Average, go back over to the blue line, well then lange believes they can return to old highs. That would be something. The broader stock market can find the footing, he says grab facebook. Lange thinks google paints a similar picture n googles case, we saw severe decline on very high volume. That was forced selling by hedge funds. I heard of two on the ropes. It could be those. Extremely oversold. He likes the recent bullish morning star pattern. There you go from last thursdays through yesterdays session. And morning Star Formation you have a big decline followed by a day where not much happens, a sort of moment of indecision followed by a big up day. It doesnt quite get us back to where we started. Thats what we saw yesterday. To a technician, the morning star pattern signals that a down turn is about to reverse itself. They can rally back up to the 50 day with ease. Hey, that will be up 7. 3 where its currently trading. Ill take it. My travel trust owns this and facebook. Amazon that, one is problematic. The daily chart is clearly broken. Amazon plunged throughout 200Day Moving Average with ease on high volume. So theres not much to like here. The pain could be coming to an end. The relative strength index. This is currently under 30. That represents an extreme and unsustained oversold condition. See that . Right there. Interesting. Which tells lange buyers are beginning to pick amazon into weakness. Still, its an ugly chart. Maybe its getting less hideous. Finally, how about netflix. He thinks this is really due for a bounce much he sees a nice flow of support at will 80. Down just 6. Down horrendous 6. Netflix made a bullish morning star pattern. That is that pattern that we like to talk b the recent down trend could be coming to an end f they can give us followthrough, then he could see it rebounding back to 104 where the stock paces a powerful ceiling of resistance from the weeks. Heres the bottom line. As long as the bear is raging, fang is a tough group to own. However, the long term monthly charts interpreted by bob lange suggest that facebook, amazon, netflix and google have up trends which means ones this market wide selloff ends, fang can get the groove back. But short term, lange thinks facebook and going will have decent prospect, netflix is hit so hard, it may be due for an oversold bounce. But amazons chart, its just plain broken. Much more mad money ahead. Under armour says hes the sum of all his training. And i got the ceo of one of the very few stocks in the black for the year. But does that make it worth buying . Why dont you stick with cramer . Here in the city, parking is hard to find. Seems like everyone drives. 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 ugh heartburn no one burns on my watch try alkaseltzer heartburn reliefchews. They work fast and dont taste chalky. Mmm. Amazing. I have heartburn. Alkaseltzer heartburn reliefchews. Enjoy the relief. Man sternly where do you think youre going . Mr. Mucus to work, with you. Its taco tuesday. Man youre not coming. Im good all day. [announcer ] mucinex keeps working. Not 4, not 6, but 12 hours. Lets end this ive been on my feel all day. Im bushed yea me too. Excuse me. Coming through ride the gel wave of comfort with dr. Scholls massaging gel insoles. Theyre proven to give you comfort. Which helps you feel more energized. All day long. Sometimes you have to define the direction of the market in an apples to apples and oranges to oranges way. Thats how can you understand whats really going on. What are the real fears of investors . Not just the ones expressed by the generic vix, putcall ratios. Take for example the extreme valuations in nashgt and when i say extreme, i am talking about evaluation thats ive not seen since the 1980s. Just consider that american airlines, united, couldnt nent attal, General Motors and ford sell for five times 2016 earnings. Thaertd. Five times. General motors and ford, they throwin 5 and 7 yields. Otherwise, they would be 5 , too. Theyre all near or bumping along their lows. Then there is campbells soup at 21 times earnings. Clarks, 25 times earnings. All these stocks are at or near their 52week highs. What do these disparities say about the market . Youve come to the right place. First whether it comes to airlines, the valuations tell us the earnings peaked and are about to go down. You just dont get multiple thats low if earnings are going to stay even or improve. You dont even see multiple thats low if theyre merely going to be slightly lower than last year. No. Are about to be cut in half. Ive seen time and again that when the given stock sells at less than onethird of the multiple of the average stock of the s p 500 which is the case with all these, then it means the earnings estimates will likely prove to be wildly aggressive and numbers have to come down severely. In other words, the market is saying if the seemingly cheap stocks like the airlines and automakers, theyre expensive. You just dont know it yet. Im simply serving here. Now consider the stocks. If you look at the organic growth rates of these companies, the really frightening indicators of what make a judgement about, youll see procter gamble, 1 . Clorox 3shgs , kimberly clark, 4 . How can people pay 20 times earnings for the companies . Thats substantially in excess of the average stock of procter 2. 7 . Well below the automakers. The payoffs are compelling even lets say with more compelling if the stocks sell off. Theyre competing with a treasury. A ten year treasury at 4. 7 . And the treasury doesnt raise the coupon, the companys raise the dividends. All the companies have gigantic energy costs. Plus this group rightly or wrongly trades on currencies. People buy them and think the dollar is peaking which we could argue it to be the case as the euro, get this the Exchange Rates almost unchanged versus where it was a year ago. No one else is talking about that except for me. I think that a combination of positive currency and lower commodity cross and the ability to raise dividenen make the Consumer Products stocks attractive as the airlines and autos are unattractive. The companies retain earnings power. Both group of stocks are forecasting a recession with and tighter credit. In other words, theyre simply saying the same thing. Saying the same thing but in different ways. Proctor and gam sbl my favorite of all the stocks, just in case you want to noechlt lets go to morris in new york. Caller hi, jim. How are you doing . Good. Caller i know you own white wave for the trust. Since its a growth stock, its been getting killed recently. I want to know, a, if theres if you think there is more down side ahead and, b, do you think it is a possibility to get picked up now since by larger players since its much cheaper than six months snag. I think this stock is horribly. Im going back and forth with the portfolio manager. He is my Research Director for my travel trust. The stock acts horribly. We have to wait to see what they say. It acts so horribly, i feel like its almost saying its got to go lower. It is lower already. The natural food situation. Whole foods is going to report this weekend. Hain acted really inappropriately and broke down. Lets just hope it doesnt break down any more. I own it for the travel trust. I dont like the way it acts. There are two groups of stocks saying the same thing in different ways. Much more mad money ahead. Could agcos recent strengths signal Greener Grass in the future . Thats all coming up in the so stick with cramer. Choose to move freely. Move free ultra has tripleaction support for your joints, cartilage and bones in one tiny pill. Move free ultra. Get your move on. And now try move free night. The first and only 2in1 joint and sleep supplement. Ugh heartburn no one burns on my watch try alkaseltzer heartburn reliefchews. They work fast and dont taste chalky. Mmm. Amazing. I have heartburn. Alkaseltzer heartburn reliefchews. In what makes the founder of underarmour tick . We talked about the company and also what inspires him and what explains his unique take no prisoners attitude toward business and life in general. You see, sometimes the greatness, its not just about the financials. Take a look. Kevin, every time i tell people im going toinlt view you, they get fired up. They use a term. I need you to define it for me. They say this man is generational and pales to a new generation. He is next. They use the word next. How do you get to be next . Thats a great compliment. And one that i think our Company Looks to lead toward every day. Decision of the culture of our brand. I tell our team, when you show up every day, youre making a depositor withdrawal. Let me be clear, everybody has a choice. Some days youre going to show up to work and my wife or my husband or my kid or the dog or something or my boss is. This and youll have to just take, youll have to come and take from the energy of our brand. But so much is we expect you to walk in, you walk in and feel our company. You go, i challenge anybody, do you need an Energy Charge . Go to the humble and hungry cafe. Watch them come together. Everyone comes in one room. That idea of, number one. I end every meeting the same way. This is what i heard. This is what i think. Do. Number one, listen. I mean really listen. Your yap. Fruly listen. Let them know where im coming from. Based on what i heard and what i think, were going to call the play. What happens if someone disagrees with you. I almost it and charge it. Its my job to make sure that i create an environment that allows people to do that. I said three things that were my favorite things in 2015 is we have a new three year planning process, we had a shoe that won every award called the fat tire shoe and a new brand warehouse we built in chicago. The reason theyre my three favorite things, i had nothing to do with any one of them. The 30 top line growth, the 30 bottom line growth over the last 10 years comes from the team. How do you stay, the three words you use right at the top of your conversation, aggressive, young, fearless . I love those words. Number one, that is a description giving us to by jordan speith when he was asked on television, he said why did you choose under armour. He said my game is aggressive, and thats the same way that i see under armour. That is not something we named ourselves. To hear that come from the athletes, to listen to what the athletes are saying. It fit. It absolutely fit. Its what our brand is. How many is family and how much is baltimore . How much is baltimore . I mean baltimore is home. Baltimore is where but im from philly. You have the bigger chip on your shoulder. You have more of a complex than baltimore. I started my company in georgetown, washington, d. C. Im from. There my mother and long line of history from d. C. And we moved to baltimore, people asked why. I sasa i cant tell you. Something drew me. There you know why . Something fit the brand, the culture, the ethos, the work boots, lunch pail, that attitude of that city is something that is under armour. It is baltimore. And you need baltimore because of beaverton. Thats what i always felt. I dont want people to think is something that is there. But if you invest in america, you look and say in the world of all that invests in america. In america, the northeast. The northeast corridor, new york is new york, d. C. , cat soust the bag. Baltimore is an amazing city that i think is just on the come. There are 650,000 people there. If we have our growth, you know, our investor day we said were going to go to 7. 5 billion by 2018. We recognize were going to bring a lot of well paying jobs and a the love smart people and companies that want support. And we think we can do a great job for our consumer, customer, teammates, shareholders, of course, and were going to do a great job for our community. How do you stay optimistic . You have a scorecard. How do you make it so that scorecard is part of a bigger puz puzzle . There are days you create and the markets dont respond. Everybody will say the same thing. Look to say what have i learned . I watched our stock go up. I watched it come down. What i saw the times that our stock did go down, how can this happen . We werent running a great company. We had five quarters of triple digit inventory growth. He had this things. We learned a lot of lessons in 07 and 08 and 09. Now were a strong company. We have a strong management team. We have a team of 14,000 that want to do and build the best company in the world. Nobody is going to tell us any different. Youre a guy, very successful. I found out under armour, my daughter is captain of the field hockey team. She 1 wearing the pink shirt. It has ua. How did you get into the consciousness of that generation . Yeah. You know, little kids like is it athlete . It is brand . Is it these things . The sfakt that what is infusinged in every product that we sell, noub one, we never from the equities of our brand. That little kid, your daughter, little boys and little girls all over the world, when they put on an under armour top or bottom, they feel there is a superpower involved in that shirt. They thought they could do this. But with under armour i can do more. But its apparel. But its not. Our product begins with the fit, the fabric, the form, the function. It begins with the point of view. Why do we make that product . Not because we thought we can slap a logo on. Its meant to wick moisture and keep you warm, cool, never let you get too hot or too cool. Question never compromise. That thats one thing that goes into every product we build. Youre not going to see us as a license house. Were aggregators. Well find the best things in the world and well bring them portfolio. That is not unlike our connected which i have. You know, 17, rip guy. Young you are guys want to be ripped. Yes. He wants to put weight on. Do control it . How many days were you sick last year . Shoot think about it. Youll say i dont get sick. I get sick but i play through sick. You go through. Walter peyton, biggest game, 104 temperature, thats what we have to do. We play through it. But why . Why not this year . Because we want to win. If you ask me when i get sick, i catch a cold every time it goes from summer to fall, winter back into spring. I say but why dont i know that . Why dont i have something to tell me that is telling me like whether i did get sick . If so, why dont i start loading up on zinc and vitamin c . Where y. Do we sit back with the least amount of information and the most important thing in our world and thats our help snj. One thing we like, im sure you like shark tank, the power of being broke. Those are things, the power of what is inside you. The power of family, the power of win. The power of triumph. What is the power inside you . Youll find i think from any entrepreneur is that it is a sense of timing, of im late. I dont know if i call it fear. What if we go broke . What happens . I have been. There i sat at the doll booth with a nice lady asking where my two dollars was and returning from Atlantic City and i spent it all. I was trying to make payroll on monday morning. I dont have 2. Whether you know that feeling and live it and been there and able to build from it, youll never forget it. You never want to go back. You want to make sure you do everything in your power to put yourself in position to never do that again. You take no prisoners. Yes. We live in a great country. Yes, we do. We have amazing opportunities. Tend, its up to us to decide to make that happen. Lets leave it at. That kevin plank, founder and ceo of under armour. By that, i cant help you. Ive been on my feel all day. Im bushed yea me too. Excuse me. Coming through ride the gel wave of comfort with dr. Scholls massaging gel insoles. Theyre proven to give you comfort. Which helps you feel more energized. All day long. I want what he has. Fortifying the gravitydefying. Friendconnecting. Dayseizing. Strong. You. New special k nourish. Multigrain flakes with quinoa, apples, almonds and raspberries. New special k nourish. Fortify. Janet . Cough if you can hear me. Dont even think about it. I took mucinex dm for my phlegmy cough. Yeah. But what about mike . It works on his cough too. Cough it works on his cough too. Mucinex dm relieves wet and dry coughs for 12 hours. We grew up together. We believed in something bigger than ourselves. The military took me to one side of the world, and her to the other. And even though she was always the strong one, when we caught up years later it was her call to make, but doing it together made all the difference. When i see homeless vets on my route i always think to myself we both swore an oath to protect our way of life to protect our community. With vas hotline for homeless vets i can get them connected with help help to get back on their feet again. Vas round the clock hotline can put veterans who are homeless in touch with the resources and support they earned through their military service. You have the power to help a veteran facing homelessness. Go to va. Gov homeless to print your wallet cards. For veterans who are homeless or on the brink of homelessness it is time. Its time for the lightning round. And then the lightning round is over. Are you ready . Dave in florida . Dave . Caller hey, jim, big booyah to you there. Right back at you. Caller okay. My stock is blackstone. Private equity company. May as well call them kkr. They dont have the liquidity to bring companies public. I think it cant make that yield. The stock is so low, i will bet with the sportsman, not against adam in iowa . Caller hey, jim. My stock reported earnings two weeks ago and gone down 30 . What do you think of linette. No. Horizon and linette are good but dont buy. There is a washington story. Whether its a washington story robert in california . Caller jim, pap. No, were not recommending the bank stocks are tough. We dont want the bank stocks also in the cross hairs of washington. You have to understand that some companies in the bank and drug group, washington hates them. Both parties. Cliff in new york. Caller thank you for saying my call. Can you tell me many Charles Schwab is an attractive purchase at the president inexpensive stock with no catalyst. Therefore, i cant recommend that stock either. That, ladies and gentlemen, is the conclusion of the sponsored by t. G. Ameritrade. Lack of saliva can also lead to tooth decay and bad breath . Well, there is biotene, specially formulated with moisturizers and lubricants. Biotene can provide soothing relief and it helps keep your mouth healthy too. Biotene, for people who suffer from a dry mouth. A heart attack doesnt care if you run everyday, or if youre young or old. No matter who you are a heart attack can happen without warning. 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Prices, many seem like a you know what, its a crazy question but i bring it up because something odd is indeed happening in the stock market. Agco. And distributor of agriculture equipment. Agco reported a week ago. Even though they beat walts earnings estimates off a penny, the quarter was viewed as a commentary felt pretty darn grim. Even as they did reiterate the previous guidance. They got slammed and falling 9 in a single session last tuesday from 48 to 44. Since then, the stock is able to work higher. Plus, even if the hideous market wide selloff, the stocks actually up slightly for the year. That is amazing. It is up from the s p 500 which is down more than 9 . So the stocks resiliency mean the weak handed Share Holders are washed out. They could be better than we think . Take a closer look with the chairman and ceo of agco. Find out more about how his company is doing and where it is welcome back to mad money. Good afternoon. Sir, i have toll you, on the coverage call when reading it through, this swuven the only companies i fall where north america is not doing as well as europe. Europe is really big for you. You even see it turning france. I know its off a small base. Can we presume that europe is bottom with agriculture . Well, not completely. We think they our feeling is you might be down slightly. Maybe 5 , Something Like that. But, of course, much better than america or south america. How is that possible . I mean, i want to read you something from the Conference Call. To be honest, i am not satisfied with the development in north america. We talk about sharegate but i dont think that were successful and we saw a break through. What is that . Who you are losing to . We have a big competitor in america n europe, we are the company. So we have four leading brands and theyre very well established and very traditional and have a long heritage in europe. While here in the u. S. , we compete with a big player who is very dominant and thats a little bit more difficult. So we have to reorganize our distribution first which we did. And now we have to invest a little bit more into advertising, training, all things in order to get there. The target was to double market share but to be honest, it didnt happen because the first what we will to do first, we had to make money here. We did it in step. Some years ago we could become even. Now, of course, we dont want to be to basically buy market share. We want to do it for technologies. All right. That is important. You had a remarkable share decline because of how much money you put n you generated more cash with less shares which is really rather amazing. Testament to how well run the company is by you. But would you be maybe you should take 100 million and go in and try to beat deere at their own game. That is something we are trying to do right now. And we want to become more aggressive in certain markets. And i think this is also what our customers are expecting. So we have lounged or were on the process of launching a super advanced hightech conventional tractor. So those other tractors with small wheels in front and the big wheels in the rear, more compact than those big Old Fashioned four wheel drive articulated tractors you can see. And this will rock the industry, im sure. John deere is a great company. Leapfrogging them in technology . Im a farmer and watching the show, i have to say wait a second, maybe they built a better mousetrap . Yeah. Actually, we will have the leading tractor here for the u. S. And that will actually lower the kpaction, lower fuel consumption, better residual val uchlt everything you want to have. Were advanced, drive train in the world. Last question. At one point you ponder in your Conference Call that most of these down turns last two years. Were now in year three. That is highly unusual. Can you really expect that it can last the whole year be this bad . Well, thats what we basically announced. And this is my also wall street was disappointed. I hope that we see a we can repair ourselves in order to lets say do our home work and we do look into every corner of the company to find the cents earnings for 2016. So we came in certainly with a conservative guidance. But i hope that we can do slightly better. All right. Were going to keep track of that. American machine that you got against that company that is widely considered to be the apple of farm equipment. Lets see. President and ceo of agco, thank you for coming on the show. They use the cash to buy back stock. The stock is doing better than the average stock in the s p. If you think the ag sector is coming back, maybe the way to go an interesting story. Stay with cramer. Check this out, bro. Whats that, broheim . I switched to geico and got more. More savings on Car Insurance . Yeah brofessor, and more. 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Thank you thank you, new hampshire. [ applause ] now get ready for even more bruising battles as the political fight turns towards south carolina. Ro americas top inittelligence official warns of a litany of doom from isis inside the u. S. Plus a scary moment for north carolinas head coach. And an amazing lightning