Sinking 6. 5 . Lets take it by the clock. When i got up this morning, the futures, they were down hideously. And you know i get up early. A couple of reasons. Both chinese imports and exports showed chinas decline in Growth Continues to accelerate. Weve now had 13 straight months where chinese imports slumped right in a row. No wonder copper is in free fall. No wonder theres no place to put aluminum and steel. No wonder irons under 40. Nickel, zinc, i cant even look at them. Its just bad over there now as the economy frantically switches to being consumer base. Only one third of the chinese economy is based on consumer spending. Ours is two thirds. The chinese want their country to be more like ours, more like when we see any data that suggest the Big Industrial engine of china might be sputtering, we freak out. Why . Because so many countries depending on the Chinese Market for growth and its not giving them. Things only got worse, around 4 30 when we heard that Anglo American, the biggest Mining Company in the world, is slashing an astounding 85,000 jobs. Only 135,000 people work there. These mining stocks have been obliterated. As the reports leaked out about how bad anglo was, we realized this industry is falling apart. Anglo is already down 73 for the year. Same with giant copper maker glencore. Rio is off 38 . These are Gigantic Companies that produce Raw Materials that china used to consume like mad. These are massive users of capital equipment. Weakness, these stocks are still worth selling, even down here. The big five that had dominated the world, theyre all falling. As Anglo American disseminated its news, oil quickly dropped a buck and change. It was looking 36, another house of pain day for the gigantic Energy Complex on tap. Then two stories that really threw me. Toll brothers reports, some excellent housing commentary about how the best is yet to come, more homes to be bought. These guys were positive during the great recession. What happens . The stock starts getting beaten down before the opening bell. I mean, it sold down big time, finishing off 7 . What does that say about owning housing stocks go into a fed tightening . How about nothing good . Second, southwest air. Jeez. Comes out with some terrific traffic numbers. Ooh, maybe the airlines are the place to be. Flip side, more discounting because competition is heating up. Remember, we like the airlines because of Lower Oil Prices and less competition. But we hate the airlines because of discounting and vicious competition. Weve seen that movie before, we know how bad that can be. Right now the hate is trumping the love. Stocks got knocked down big before the opening. It took the whole transport index with it. By the time the opening bell rings, the market collapses by more than a percent. Thats a key ratio, by the way, thats the ratio the late mark haines taught me. Thats simply an unsustainable amount of selling. Mark always told me when many people want out at once, you do have to take the other side of the trade. It was this kind of wisdom that allowed him to call the bottom in march of 2009, the haynes bottom. Mark made very few calls when he he only made them when he thought things were at extremes. A crescendo of selling, he called it. When he voiced an opinion, he typically nailed it. For some stocks, there was a crescendo too much. We have two groups of players playing at the card table right now. The first is resigned to the fed raising rates. These players take their cards and throw them back. Their reasoning . If the fed is going to tighten, then you have to get out of everything. I hate this kind of black and white thinking. We see it all the time. Its no negative, and its rarely right. Why do i hate this logic . If the fed is going to tighten when the economy is getting weak, exhibits what the thesis is, then it stands to reason you dont want any industrials or minerals or mining stocks. You have to be careful with airlines, construction companies, auto manufacturers. Homebuilders, remember what toll had, or the Raw Materials, chemicals, paper stocks, go up. Anything that goes into a home or construction. Transports today, hammered. How about the other card players, the ones that say, okay, i got a not so hot diversified hand. What can i throw back to get better stocks . How do i augment the hand . So these players toss out the same industrials, maybe some oils, anything machinery, anything connected with a smokestack, a plane, a train, or an automobile. Nevertheless, they dont leave the table. What these savvier players do is immediately use the weakness of the quitters to pick up the high cards they threw out in disgust. And what are the high cards in the slowdown . How about the companies that can outrun a slowdown . Especially one thats exacerbated by the fed tightening. Its obvious despite employment figures, things are looking bad in many areas of the economy. Out of this sea of red emerges islands of green. The first one is biotech. I saw biogene and celgene within morning, thanks to bob wang for pointing them out to me. Then i saw some of the old buying Drug Companies rally along with the big biotechs. There have been some nasty pressures on netflix and amazon. Many people were incredulous. Then higher growth semiconductors gained. Google reversed. Yahoo has decided not to spin off its alibaba stake, something that led to a gain in yahoo . Perhaps that can be built on tomorrow. Now i think that the entire move in high growth is always going to be if oil goes down, its going to wipe that group out again. Oil managed to rally back into a flat line, thats a buck decline and then back. But after the close, Kinder Morgan, kmi, announced a devastating dividend cut from 51 cents to 12. Five cents per bond whisperers, people in the credit market, told me it would be about a 50 cut. Thats more. Who knows if that whole group, which was momentarily on the mend, gives it up again . And a lot of wealthy investors own those. That stock is getting crushed after hours on top of the 62 it has already fallen for the year. Not for one minute my saying that the entire market can rally off of a slow Economic Growth scenario. If the fed has indeed made its decision to tighten then you arent going to see a recovery in housing stock. Industrials will have their estimates cut, as will they should. If Anglo American is laying off 85,000 workers, they wont need more caterpillar machines. If there are price wars in the airlines, people wont be buying boeing. They are with a fed rate hike simply more bad cards in the deck than good once at this stage in the game. The only thing that could change that fact is if china could string of misses. Maybe we have to wait a month or two. Heres the bottom line. It was ultimately an ugly session. But there were a limited group of high cards worth picking up even as they are thrown down by others this morning who just dont understand the way the game is played. Theres always a bull market within these very difficult sessions. Still, there were more capitulators than skilled players, and the overall market just couldnt take the pain of weakness in key industries, on this, another day where we feel the hangover of that beautiful friday morning, where employment was strong, and so were the averages, as we had total faith that the fed was going to do the right thing. Can you believe that was only a few days ago . Lets go to barry in illinois. Barry. Caller jim, my stock is dell taco. After remodelling the company stores, taco upgraded the menu and prepares Everything Fresh on all that came with a 40 million a year interest expense. With ten straight quarters of increased sales, taco was still in the red. June 30th this year, chicago Levy Organization paid off a lot of debt, reducing modified interest expense. After all that there was no ipo to get the streets attention. Jim, theyve got great plans, theyre making money now. Im a believer. I own stock and notice the warrants expire in november 2018. Should i buy more stock . No. You cant. This is a stock that its up a little bit for the year and a group that people decided, you know what, the restaurant stocks are very hard. And obviously you would think, well, wait a second, chipotles troubles, make that can make things good for dell taco. Thats too simple. Chipotle is an eco stock, a health and wellness stock that sells mexican food. People do not attribute any other company in that industry i want to stay away from the derivatives right now. I just not going to help you. Thats a risky stock. All right. There was a limited group of high cards in this deck today. Companies have to you have to play the hand that youve been dealt. Its part of the money game. On mad tonight, a company thats got an insight like no other. Then, if youre familiar with the show, you know rubbermaid is one of my faves. What could it mean . And oil approached lows hit in the heart of the great recession. Is there opportunity here or after the Kinder Morgan dividend cut, more pain ahead . Ive got the ceo. So why dont you stick with cramer. Announcer dont miss a second of mad money. Follow jimcramer on twitter. Have a question . Tweet cramer, madtweets. Madmoney cnbc. Com or give us a call at 1800743cnbc. Miss something . Head to madmoney. Cnbc. Com. Theres something out there. Its a highly contagious disease. It can be especially serious even fatal to infants. Unfortunately, many people who spread it may not know they have it. Its called whooping cough. And the cdc recommends everyone, including those around babies, make sure their whooping cough vaccination is up to date. Understand the danger your new grandchild faces. Talk to your doctor or pharmacist about you and your family getting a whooping cough vaccination today. Lets get these dayquil liquid gels and go. But these liquid gels are new. 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 and fights mucus. Lets end this. Americans. We try to live healthy. But many of us dont know there are nutrients that can help support our metabolism. Take new one a day healthy metabolism support multivitamin with chromium to help use carbs from food and bvitamins to helpconvert food to fuel. One a day. Enough pressure in here for ya . Im gonna take mucinex sinusmax. Too late, were about to take off. These dissolve fast. Theyre new liquid gels. And youre coming with me. You realize i have gold status . Mucinex sinusmax liquid gels. Dissolves fast to unleash max strength medicine. Lets end this. I take pictures of sunrises, but with my back pain i couldnt sleep and get up in time. Then i found aleve pm. Aleve pm is the only one to combine a safe sleep aid plus the 12 hour pain relieving strength of aleve. Aleve pm for a better am. Music throughout forget the saggy diaper cowboy walk dance freely in new pampers cruisers with three extra absorb channels. It doesnt sag and stays dryer. So dance, however you want in new pampers cruisers with the Federal Reserve poised to raise Interest Rates for the first time in eight years later this month, we need to reassess a big pool of stocks. The high yielding bond market alternative plays that will become less attractive as the fed tightens. Which stocks in particular . Pipeline stocks. Those are some bond market alternatives. The same goes for Real Estate Investment trusts. Some of these are hanging in there and performing a lot better than you think. Take federal realty, mostly in wealthy and densely Populated Areas like the northeast, california, florida. Particularly mallbased chains have been struggling but federal realty has been performing pretty darn well. Its up 8. 4 of the year before distributions. In part thats because when the company last reported a little over a month ago, it beat wall streets top and bottom line estimates. Its incredibly wellrun, wellmanaged company. People own this stock because of its consistent growth, as much for its solid 2. 6 yield. Lets check in with don wood, president and ceo of federal realty. Have a seat, don. The Real Estate Investment trust, the pipelines, all of them have been revealed during this period as not growth vehicles but as income vehicles. Sure. And you need growth. You used the phrase, youre a fivetool player. I want you to explain that to our viewers. You know i get a little bit of abuse about the baseball analogy because i love baseball. But in baseball, when there is a player that a scout is looking at, and hes got the ability to be a great hitter, hit for power, hit for average, to be a great fielder, to be able to do everything necessary to be a baseball player, good baseball player, hes known as a fivetool players. There arent a lot of fivetool players in the league. I try to make the analogy to federal that way simply because i dont want to be dependent on any one thing. And were not. Its why we dont do too much diversified in our tenant base. Its why were not dependent on womens fashions or mens fashions. We try to be as diversified as we can in automatic ways. In the quiver weve got arrows we can pull out for lots of different things. The best that we have these days is a Balance Sheet thats strong as can be. No one else is borrowing at in your field. We do. Were one of three, maybe four arated companies. And thats really important at times like this. We had a guest on, would you have our favorites, pvh, tough business, fashion. Lets get your reaction to this. Theres this death of mall theory thats really going around. Can you shoot it down . No, i cant shoot it down completely. I think the issue thats going on is there are too many stores in america. And i dont know if thats 10 or 15 . So were overstored . Yes. We know that youre a thats important. What did you think of that quote . Look, everybody speaks from where theyre coming from. Its what they know, et cetera. And as you say, im not a mall guy, so i dont particularly know. I dont know the specific results in malls, et cetera. All i know is, it gets back to kind of where i was coming from. I want to be as broadbased and reliant as many different areas as possible. For example, health and wellness. If you look at the soul cycles of the world today, look at whats going on with pilates and blue mercury, the value type of tenants like alta, nordstrom rack, not to mention food, and thats sitdown, its qsr. Its different types of food. These are all nonamazon. By the way, amazon is looking at bricks and mortar stores. Thats fascinating. It is fascinating. You actually set me up beautiful with the fivetool player analogy. If youve got the ability, and i think open air is the place, im talking up my book there because its what i believe, if youve got the place to be able to cater to as many possible sectors of the retail economy as possible, youre in good shape, particularly if youre in the locations that, you know, where demand exceeds supply. I do agree with him that, you know, and ive said this for a hundred years, america is overretailed. And thats simply supply and demand overall. And yet youve been putting up 7 , 7 , 7 . If were overstored, how is that possible . Because real estate is not a macro game. Its a microgame. Its that street corner. Its that paicular environment. And so when you start looking at things in such a macro base, listen, were not portfolio managers. Were real estate operators. Right. Theres a big difference there. And as long as you stay its a local business, if you beat up and worry about those details, you can do really, really well in the right places. Why did we spend so much time talking about waldbaums and a p . We had four a p, waldbaums, we had Old Shopping Center leases. They are pretty restrictive. When i say restrictive, they dont let you get to certain things in the Shopping Center to redevelop that you can otherwise get to if youre in the right areas. So we went, when that bankruptcy happened, it was fantastic for us, gave us the ability. Thats what was so interesting. Let us buy those leases out looking. When you see a brick plaza, years down the road, a couple of years down the road, maybe not that long, compared to the old a p there, you say, wow, why didnt they do that sooner. The last question, i know youre not into apparel or fashion that much. Some. Its been very warm, not a great time for a lot of stuff. Look, i dont know. Youve got to remember, were the real estate guys. Were not the retailers. Thats why i like you. I dont want your fashion. You dont have any. Thats why don wood has made you so much money. Ive got one thing. I have to say to you, you didnt like flower town, its a great place in philadelphia. You turned that neighborhood around. I wish you had been there when i lived there. Hes got the best portfolio of properties and hes a great manager. Stay with cramer. Coming up barrelling crude oil goes further today, the lowest point in seven years. Can the drop continue, or is now the opportunity to get in on Companies Like exxon and chevron . Dont miss cramers take. In an allnew edition of off the charts, just ahead. To feel this special. You need to eat this special. I love it kelloggs special k. Made with whole grains and fiber. To help a body thrive. I love it folic acid and vitamin d. To make a body feel this good. Start your day with 150 nourishing calories. In a bowl of special k. I love it eat special, feel special. Discover more ways to eat special. With special k. Weve got trouble in tummy town. Peptocopter when cold cuts give your belly thunder, pink relief is the first responder, so you can be a business boy wonder theres moving. And theres moving with move free ultra. It has tripleaction support for your joints, cartilage and bones. And unlike the big osteobi flex pills, its all in one tiny pill. Move free ultra. Get your move on. Im lucky to get through a shift without a disaster. My bargain detergent couldnt keep up. So i switched to tide pods. Theyre super concentrated so i get a better clean. 15 cleaning ingredients or 90 . Dont pay for water, pay for clean. Thats my tide. 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. [announcer ] mucinex keeps working. Not 4, not 6, but 12 hours. Despite all the negativity out there, and we know thats happening, boy, there are still great deals either happening or in the works. Now these deals are occurring with Underappreciated Companies that are nevertheless doing well, Companies Like keurig and rubbermaid. Yesterdays 14 billion of Keurig Green Mountain by a family of european billionaires, is a manifestation of how undervalued companies are in a market thats being pulled down by Interest Rate hikes that have very little to do with a cup of coffee or with a blender and some playing cards and sharpies. All three of these companies have one thing in common theyre found in your home by the millions and millions of units. We may think Keurig Green Mountain failed with the new iteration of its coffee maker dead on arrival. However roughly one in every five households has a keurig. This is not some oneoff device. This is one of the Great Success stories of our era. You can make an awful lot of money on a device like that, at jeb clearly figures. Keurig Green Mountain just werent able to fix their machines fast enough to preserve their independents. With this last quarter, Green Mountain had fixed a lot of the damage inflicted on them in 2014. Not only that, but the company basically told you it was doing really well. But no one listened. The same people who hated it before that great quarter hated it after. Go listen to that last conference call. It was insane. Heres a company that admitted all of its mistakes, said they were corrected, yet still got no credit for what it did. I thought cocacola would swoop in and buy the rest of the company. Deal and goes home. Caribou and keurig, a match made in heaven. Now, rubbermaid has been on the new high list for a very long time. It has a fantastic set of products driven by innovation. I still dont think the stock was outrageously expensive, trading at slightly more than a market multiple. This is a different nuwell rubbermaid. Its a factory of new products that are integral to owning and investing. One of the few secular growth stories in the american firmament. The ceo did an amazing job, given his fantastic work at unilever during the period and unilever surpassed proctor and gamble. Hes a nonpromotional guy. As you might remember from his humble but i thought forceful presentation when he came on mad money recently. But the companys brands like sharpie and of course the namesake rubbermaid have become a fount of new products spreading their tentacles through the aisles of big box retailers. Theyre still thriving in an atmosphere where the rest of retail is struggling. Meanwhile, i know it sounds like an odd one, but jardin has taken old brands and infused them with new life. Jardins stock became a big winner under the auspices of Martin Franklin, multiple visits on mad money. Although it would be wrong to credit him with all three as jardin accumulated brands, it systematically beat the numbers. The stock only turned positive for the year last week. This jardin Newell Rubbermaid merger, i like it because it allows these two companies to bargain better with the walmarts. The walmarts are always trying to wrest the marginal profit away from Companies Like these. But if they get together, that would be just a match made in heaven. It would be you know what . It would be a very successful mix. Does that not work well or what . That sharpie didnt hold up all that well. Anyway. I think both deals are fabulous for shareholders. All three of the executives involved should be applauded. Their stocks could have ultimately worked their way higher. But they wanted to get higher faster and escape the tide of negativity that surrounds the entire market, the pall of gloom. What they really want is to make good money for everyone involved, including themselves. Thank you, Keurig Green Mountain, and good tiedings for jardin and Newell Rubbermaid, providing they sign on the bottom line. Im calling Martin Franklin right now to get him here to fix that. Maybe hell bring one of those traveling margarita machines i like so much at home. Just kidding. Well, okay, i have one. Tony in california. Tony. Caller jim, booyah. This is tony in west lake village, california. How are you . Caller im just living the dream here, jim, love it. I want to congratulate you on your incredible access to top ceos, it really helps us home on,. Didnt that make a lot of sense . He was so good. The stock moved up instantly. And jim, you do it all the time. Its what makes mad money the best business show on the air. Thank you so much. Were sure trying hard. We always struggle every day to comes up with something that helps people. How can i help you . Caller you recently made some suggestions about what ibm could do with the cloud. They made acquisitions which did not immediately and dramatically improve their growth. What about a rich company bold ly plunking down 75 million . It would certainly enhance shares and shareholder value. They couldnt do it. Theyre the ones who are so committed to making small acquisitions. Thats why its so hard to move the needle. There are other companies that would be fabulous if they bought. But theyre unwilling to spend the money. I like this combination. You know what . You know what might be a super combination . How about if all of them got together . That would be man, isnt that dynamite . Keurig and the news rubbermaid, the stocks would have gone higher on their own but this makes them go that much faster. Ive got one company that wasnt swayed by the sea of red ink. Plus oil hit a major low today. How low can it but before its unsafe to ignore . And tonights rapid fire edition stick with mmm, cramer i have asthma. One of many pieces in my life. So when my asthma symptoms kept coming back on my longterm control medicine, i talked to my doctor and found a missing piece in my asthma treatment. Oncedaily breo prevents asthma symptoms. Breo is for adults with asthma not well controlled on a longterm asthma control medicine, like an inhaled corticosteroid. Breo wont replace a rescue inhaler for sudden breathing problems. Breo opens up airways to help improve breathing for a full 24 hours. Breo contains a type of medicine that increases the risk of death from asthma problems and may increase the risk of hospitalization in children and adolescents. Breo is not for people whose asthma is well controlled on a longterm asthma control medicine, like an inhaled corticosteroid. 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Ageless. coughing coughing disrupts everyones life. Thats why theres delsym. Delsyms advanced time release formula helps silence coughs for a full 12 hours. All night. After a prolonged period where the Pipeline Master Limited Partnerships have been stuck in a house of pain, the price of oil went down below 40, a sevenyear low. Some of them found their footing, including nelk, which after their general pattern announced plans for a deal that will significantly boost earnings next year, although it gave up most of those gains by the close. The stocks trade together in lockstep, even though many of them are in much better shape than theyre weaker brethren. Emlink partners has seen its stock fall 55 to date. A lot of that selling might be undeserved. It has a diverse geological footprint. The important thing is that 95 of this companys contracts are feebased. Its effectively a toll road for energy. Its levered to the bottom of commodities that are being transferred. Theres very little exposure to the price of oil and gas. It currently gives you a the stock price has been punished so heavily in the past year. The weakness might be exacerbated by this evenings disastrous Kinder Morgan dividend slashing from 51 cents to 12. 5 davis. Lets check in with barry davis for more on whats happening in the company and in the broader industry. Good to see you. Thank you for having me. Kinder morgan is a c corp. Everyone is going to be buzzing about distributions being cut. Why should we feel that enlink given the fact that Kinder Morgan said it was a toll road . You were kind enough to give me an opportunity to come here and tell our story. Because of the financial strength that we had as an mlp, also because of the unique and Strategic Alliance relationship that we have with devon. Thirdly, broad scale diversity of assets, and lastly, great growth profile. Those things we think really are what differentiate us. Weve only gotten stronger in the last two years. This acquisition, were you able to get it at a good price . Kinder morgan was making acquisitions, they kept saying theyre buying at depressed prices. Is this a case where you had a seller who had to get rid of it . Jim, this is a great opportunity to highlight the relationship we have with devon. Because of working with them and that partnership, we really feel like we know this asset and we know the technical assets of the i will be very clear, though, when you buy top tier premier assets in premier locations, you dont see the type of degradation of value that you might see in some other places. So this isnt a firestorm sale. We believe this is a buying of a really quality asset. Lets say the goldman scenario of oil at 20 happens or that natural gas breaks 85 cents. How does enlink do in that environment . Were financially strong, first of all. The resilience, the stability that we have comes from a wellcontracted platform of assets. You said it in the opening. 95 of our gross margin comes from feebased. That means simply units per margin of throughput. So it is a tollway structure. Secondly, the diversity of the assets that we have. We have three growth areas today believe in any environment. Midland basin, and central oklahoma, with the tall observing assets, and louisiana, which is primarily a demanddriven syem, were serving inuse customers. We believe those three areas will continue to grow. Weve seen a lot of people questioning the model, people say listen, they cant borrow as much as they used to and they cant keep issuing stock because theyre sick of that. How does enlink thrive in that structure . Weve Just Announced a 1. 5 billion transaction. We have prefinanced the entire transaction, including the first 500 million of Capital Growth that we have on the asset afterwards. We did that by strategically patterning with tpg capital and Goldman Sachs, making an investment through this transaction. We think we have access to and we dont have to access the equity markets in the near term. Whats really happening here . I mean, you know the groups being crushed in these mlps and etfs. Theyre destroying people. As you sit back, do you say that are there Many Companies where the distribution is going to be cut . Is kinder an outlier . Its not an mlp, but are you going to see many of the walking injured . There really has been a differentiation or im sorry, there has not been a differentiation to date between companies. Right. I was in a meeting recently with one of our large investors. I was telling of all the good things that we had going on. And as we kept going, i was getting louder and more intense in terms of trying to demonstrate all the great work that was being done. He final said, hold on for a second, we love the work youre doing, but let me tell you, right now it doesnt matter. The investors are waking up every day to a terrible market. So we have a dislocation. Differentiation. There will be the haves and the havenotes. I think the tpg capital and Goldman Sachs investment in us is a demonstration of the ones that want to be in a platform thats got an opportunity to do great things. Maybe thats the final thing that people have been waiting for. I think that enlink is in very good shape. Barry davis, president and ceo of enlink midstream. I thought Richard Kinder wasnt going to do what he did tonight. The group to own, right now, as barry said. Mad money is back. Good thing geico offers affordable renters insurance. With great coverage it protects my personal belongings should they get damaged, stolen or destroyed. [doorbell] uh, excuse me. Delivery. Hey. Lo mein, szechwan chicken, chopsticks, soy sauce and you got some fortune cookies. Ah, these small new york apartments. Protect your belongings. Let geico help you with renters insurance. Start the interview with a firm handshake. Ay,no dont do that try head shoulders instant relief. It cools on contact, and also keeps you 100 flake free. Try head shoulders instant relief. It is time. It is time for the lightning round. You say the name of the stock. I dont know the calls or the name of the stock ahead of time. I tell you whether to buy or sell. When you hear this sound [ buzzer ] then the lightning round is over. Are you ready, skeedaddy . Time for the lightning round. Lets start with al in north carolina. Al . Caller hi, jim. My question is i bought hasbro about a week ago and the stock has been going down since then. Ive been favoring mattel over hasbro. I think hasbro had too much star wars hype. I might get reversal but i do like mattel more. Curtis. Caller happy holiday to you and the mad money team and a special thanks from u. S. Military for your support. Raytheon . Raytheon is the one seeing the best orders from the middle east and europe. Stan in florida. Stand . Caller hey, jim, i want to get back into gw remember, this is the most speculative of the stocks. When the speculation is hated, this one goes down a lot. They do have medical marijuana, and their epilepsy products. It is a spec and nothing more than that. Lets go to maddie in new york. Caller hi, jim, love the show, thanks for taking my call. Thank you. Caller Mark West Energy merged with marathon oil. The new merged company, mplx, a hold or a fold . We have to be very careful. Lets see what happens with Kinder Morgan. Even though that is a corporation, not a limited partnership, that would impact that whole group because they all trade together. Lets keep our powder dry until we see a real bounce. Lets go to ryan in washington. Ryan . Caller jim, booyah. Research. We think theyve got that combination that is really fantastic. Dave in north carolina. Caller booyah, jim. Bdd . Ive hated this one for 50 points, i should have hated it for a hundred points. Not my cup of tea. Ernie in illinois, please. Caller dr. Cramer, how are you. Right, right, right. Whats going on . Caller fedex took me to the poor house. They are crushing the transports, just crushing them. Weve got to give them a couple of days off. My favorite one here would be ups when it yields 3, its a 2. 89. That is the conclusion of the lightning round. [ buzzer ] announcer the lightning ameritrade. What do we do with the oil stocks . Theyre in free fall despite a momentary respite today. What happens if were too negative . Thats why tonight were going off the charts with the help of sue smith, a skilled technician. She thinks the sentiment surrounding crude has gotten too costly. Shes not saying rush out and stockpile barrels of oil in your basement. Fire hazard. Shes not pounding the table to go all exxon or chevron. Consider the daily index for crude was at 6 yesterday out of a hundred. The last time people got that pessimistic about oil was in august when we had a big meltdown followed by a rebound. Thats why smith thinks you need to view this moment of panic as the opportunity to gradually pick up some quality oil stocks in the weakness. Which of the oil names does she think are worth owning . Shes noticed a diversion between the price of oil and the performance of certain oil companies. Despite getting plastered over the last couple of days, they bottomed when oil prices plunged last august and last october. But the price of oil is lower stocks are higher. Lets just go through the charts. To smith, this action suggests a good relative strength. Institutions seem to have let up on their selling. Lets consider chevrons weekly chart. After a tremendous rebound in october, okay, look at that, it was big, chevron climbed from 76 to 97, the recent onslaught has caused the stock to give back a decent chunk of its gains. Smith points out it happened on lower volume. You see the volume drop off there. Remember, volume is almost like a polygraph. Smith thinks chevron is in the process of making a bullish flag formation. The stock moves up almost in a Straight Line followed by a period of consolidation that looks like a pennant, which is exactly what we have here. Hold on to the bottom of the pennant at 85, this pattern could complete itself, setting the stage for the stocks next leg higher. Chevron has a yield and theyve acid theyre going to stick by that yield. I think the dividend is really safe. Next up, the daily chart of the big daddy and the most conservative company, exxon mobil. Even after the recent carnage, smith believes exxon is nearing a golden cross. I see a head and shoulders but she sees a golden cross. What shes doing is looking at it 50day moving average, thats the short term, and the 200day. Its one of the most bullish things that can happen, because this could cross. That would be a golden cross. By the way, the full statistics are down at the bottom, it indicates exxon has gone down too far, too fast, and the stock could be good for a rebound. Finally, check out conoco phillips, which technically hasnt been an oil Company Since three years ago. In october, after bottoming in august, okay . So thats what you have to look at there. However, after trading sideways for a couple of months, the stock traded below its average last week and is fighting to regain its footing. Smith believes conoco is less than a buck below where its currently trading. Most importantly, when you look at the full oscillator as well as the relative strength index, rsi at the top and oscillator at the bottom, you can see that conoco has gotten to extreme oversold territory. I know right now people are terrified of all things oil. But when everybody is panicking, it pays to start buying these three big guns of oil. Its a bold prediction and im not a big fan of anything fossil but a bounce . If these stocks dont go down on the kinder dividend cut and Oil Inventories get reported tomorrow then i think we get a bounce, although it might be of the dead feline variety if theres no crude followthrough back to 40. Stick with cramer. politely wait, wait, wait you cant put it in like that, you have to rinse it first. Whats that, alfredo . No,that can go in. No it cant what are you, nuts . Thats bakedon alfredo. Bakedon . Its never gonna work. Dish issues . Trust your dishwasher with cascade platinum. It powers. Through. Your toughest stuckon food. Better than finish. to the hostess see, told you it would work. turns to girl 2 you guys heard me say that, right . Cascade. The tougher toughfood cleaner. coughing coughing disrupts everyones life. Thats why theres delsym. Delsyms advanced time release formula helps silence coughs for a full 12 hours. All night. I take pictures of sunrises, but with my back pain i couldnt sleep and get up in time. Then i found aleve pm. Aleve pm is the only one to combine a safe sleep aid plus the 12 hour pain relieving strength of aleve. Im back. 5fws o all right. A couple of keys to this market. When oil was down, the whole market was down, oil started going up. The market rallied. It dont go all the way so of course the market topped. But the nasdaq did well. Why . Because when the economy grows, people want super growth. Where do we find supergrowth . On the nasdaq. Tomorrow well look at kinder. It was a very jarring dividend cut. I like to say theres always a bull market somewhere and i promise to find it for you right here at mad money. Im jim cramer. See you tomorr