That gives you much better sense of where it is the dow slipped and s p declined and nasdaq lost 7. 4 because of an escalation of tensions in the mideast against britain, the United States and iran and before that the market was doing well you need to understand were about to embark on the busiest week of the year for industrial earnings we will be flooded with new information. If you cant handle it if there is some sort of congregation in the gulf, this might be the perfect weak to take your Summer Vacation on monday we have two important quarters we hear from whirlpool, the appliance maker and hall l halln if the latest reports and revolutionary guards, Republican Guard seize. They seize British Royal tanker. The price of crude barely budged for heavens sake. Maybe halliburton confirms what schlumberger told us this market is not the least bit excited about oil. The banks have told us that the consumer is flushed. We heard that the other day at bank of america but how flushed . Wi whirlpools washer and drier sales will tell a better way iran and president ial tweet about the trade negotiations, you might want to consider buying the stock of American Express because wall street thinks its spending too much money building loyalty you know what . Thats a mistake i bet the Ceo Greg Hayes is nothing but good things to say the problem, some investors are extremely critical of the decision he has made to merge the Aerospace Defense business with rathion haze has got to come out on this call and flush out why he thinks this deal is worth doing cocacola reports, last night i got a question about this nrks a stock that goes up over time after the close we get results from an opposite stock chipotle the expectations here are ratcheted up from levels that would be too high but not this i like it. Id recommend buying some before the quarter and some after just in case it pulls back. Then there is visa yeah, symbol v this is an amazing money machine. I often feel like im sliding visa when im hiding American Express but this stock is an erratic trader and sells off on even the best of reports giving you the single finest moment to pick some up into weakness why dont you check check the chart out of letter v. It always works. I cant wait for wednesday because wednesday we hear from boeing the company has taken a 5. 6 billion charge for the 737 max heard about it all day its hard to quantity ffy the my this charge gives you certainty. That makes boeings quarter a lot less risky as far as im concerned and hear from caterpillar. A month ago, we spoke to the ceo and he told a terrific story of a new more consistent cat, consistent being the keyword to spotty growth in the business cycles, big buy back, nice dividend and manufacturing and labor cost good. I think cat will buy ahead of the report and double down more after we see the numbers and travel trust with the position after the close, we find out if tesla is making money. Sounds odd thats what were looking for. Now that elon musk cant tweet under the order of the government, well have to wait for the quarter to learn how the company is doing tesla is the ultimate Battle Ground and bad news dogs it but doesnt destroy it anymore as there are too many short sellers. The trade is what we call too crowded. People get mad because i wont talk a stand and its a cold stock and cold stocks are hard to gain so why should i try doing money when money of my themes is easing money facebook, congress is raking them over the coals and crypto currency i think facebook will deliver a good quarter, very good. A year ago was the darkest time for facebook the company is getting hammered and had a nasty short fall but in the end, i dont think facebooks business is hurt at all because the ad vertizers love it because the readers love it and thats called journalism or at least some form of journalism im liberal using the term dan will trace out the next phase of the payment companys growth but the stock tends to stall after earnings when its had a big run going into the quarter as it has this time. If you buy paypal, i have to suggestion if not demand that you wait until after it reports. Some companies punch above their weight with action and one of my favorite is xilinx its a Semi Conductor with huge exposure to 5 g infrastructure listen closely or ill do it for you. They may know more than anyone else wednesday, talk about one you can buy ahead of it and making money, its service now. Thats the Cloud Based Software company with a fantastic track record no sure things of this market but the ceo john donohue tends to deliver take a look at that chart. Thursday we have a make or break quarter and its the quarter or 3 m. Okay last time around the results were not so hot. The previous quarter they werent hot. Other than lackluster earnings, there was a ground water problem caused by 3 m chemical might be bigger than we thought. Its been around but were seeing big numbers will they address it this time and put it near the top of the call how important is it . Will the narrative Going Forward be changed its certainly a huge concern. Look what legal woes do to johnson johnson. The stock was pancaked after a great quarter. At least 3 m sold off coming into the quarter it will be hectic. We hear from amazon thats a total horse going into the quarter with a little profit taking after the prime day pay more attention to Amazon Web Services and the outfit to see if it can match the strength of microsofts competing as your platform that is extraordinary what an opportunity. You know, im a huge believer in this stock this is really one of the three largest positions in my travel trust. In part because i think Amazon Web Services is worth more than its getting credit for. At the same time, alphabet reports, ive been at odds it reports a quarter thats incomprehensib incomprehensible were looking for less spending and more profits is that too much to ask . Its been a bummer every quarter i can recall will it be different dont bet on it. That on shoulder earlier this week, Portfolio Managers cant get enough of starbucks. It has run into earnings and tendsdisappointment. I recommend buying it into any dip next week. Iran, you buy mcdonalds steve is a ceo and the comparisons are getting easy whats not to like i wouldnt get to most of the quarterly Conference Calls until the wee hours of the night but ill do it for you, at least a redip. You should, too. If you try to do something during this particular earnings season this week and the week after without doing your homework, ill guarantee you something. Youre going to get hurt james in tennessee, james . Caller hey, mr. Cramer, how are you today . Having a good day how about you . Caller great greetings from the volunteer state. Go vols. Caller i have a question, if you can and i appreciate your help and dedication to your craft and i enjoy talking to people the best in their field. Youre very kind. I work hard, people are better but thank you so much. Caller i dont know about that anyway, my stock is one of our favorites, nvda. My question, actually, i have a twopart question. I bought this stock myself three months ago when it was in the high 100s, 190 range. Okay. Caller excuse me i take that back bought it at the 160s. It had been in the 190s and came down some and the trade thing started. So on and so forth and i caught a segment that you were doing about the connection. I have a two part question, is huawei connected with invideo and can it get back to the range. Excellent question and thank you for the kind words its connected see, because nvidia is trying to close the deal with the Israeli Company and need chinese approval because the u. S. Is at odds with china and huawei its being held up. If it gets that approval, it will revisit the levels we seen before lets go to jeffrey in new york, jeffrey. Caller hey, jim, jeff, good afternoon, sir. Good afternoon. Caller jim, im reaching out to june 13th there is activity, i followed the trade by buying the stock. A month later they announced a finalized deal with total who will buy 2. 5 tons of gas and invested 500 million into the terminal the next day we had the chairman on the show. He was extremely impressive. Obviously, one of the architects of modern liquid natural gas world. Right. Caller this wednesday, an analyst came out with almost a 50 price target cut and the stock went from or the cut went from 16 price target down to 9. The reason for the downgrade was concern of gas price in the future, however, today just 30 minutes before close, that same analyst announced he mad a math m error but to focus on quote unquote Everything Else he said. Would you agree he got it wrong that was a really very difficult thing. He made a mistake in the model the out goes jumped all over it and traded 6 billion shares and knocked it down and look, it was a mistake. A legitimate mistake but no, and it really hurt the stock and i think that thats just a shame that was not careful in the part of that analyst. And i think the stock down here is a buy next week will give us a hugely important read on the economy and im not feeling very optimistic because so many stocks have run. On mad money tonight, im dropping serious knowledge after the interview with the ceo last night. Ill tell you if now is the time to pick this up and then, will amazons move to get out of the food delivery war make shares of grub hub tastier im digging in its been 50 years since the moon landing i remember where i was cnns Morgan Brennan joins us at Cape Canaveral talk about the future of Space Exploration and how it relates to your portfolio. Announcer dont miss a second of mad money. Follow jimcramer on twitter have a question, tweet cramer madtweets, send jim an email to mad money dot. Cnbcmoney. Cnbc. Com tell him were flexible. Dont worry. My dutch is ok. Just ok . in dutch tell him we need this merger. in dutch its happening. just ok is not ok. Especially when it comes to your network. At t is americas best Wireless Network according to americas biggest test. Now with 5g evolution. The first step to 5g. More for your thing. Thats our thing. For over a year weve been waiting for stocks to benefit from president trumps 25 t tariff on foreign competition and this is how it begins. A price increase here and there and the neck thing you know, youre setting on a saturn five rocket going to the moon im talking about the price hikes and flat rolled steel, the most basic kind of steel that new core, our favorite Steel Company just put through a couple of weeks ago. Thats right 40 per ton price increase three weeks ago and tacked on another 40 this last week you know what thats called . The up cycle ive been waiting for it and it should allow gigantic steel producers the largest in america to make an enormous amount of hundred when it goes right surprising the analyst and the market why do i think the cycle has finally arrived . This industry has a weird trajectory things were looking good with the 25 tariff from last spring and sold it all over the world for less than the coast of production and a lot ends up here it was the right thing for the president to do but those worried about the tariffs preordered a massive amount of steel. That makes sense when the economy started slowing last year, guess what . The Service Centers had way too much supply a glut that led to the price cuts that weighed down the group and new core didnt do too badly lly and came close to making the money i was wrong. Instead, what happened is the marginal players in the u. S. Falter because of the glut, the glut kexacerbated about the medi at least according to the ce, oc o. In the last six months that inventory is worked off. We know that because these two price hacks i mentioned in flat rolled steel i know if youre not efficient of the steel stocks, an 80 per ton move may not sound like much but i traded the stocks for four decades and every single turn in the group started just like this, couple of price hikes. Right now its as lean as its been and building plans in anticipation for higher grades of steel i think the Federal Reserve is about to cut Interest Rates given the economy and boost. I bet no core will be a terrific stock to earn. Our Steel Companies would be overwhelmed by competition and chinese would dump again but this time it will be a different story. About 30 years ago, i live near the headquarters of bethlehem steel and i was at one point one of the Largest Companies in the world when i was a kid bethlehem was considered the country club of the steel they were making so much money. Why not . They owned two beautiful golf courses for executives and had the highest paid most bloated work force at the top and i never come across it back then steel had been rising relentlessly so the company had a ton of operating leverage. At one point it was rumored right before the late 80s bethlehem could earn 20 per share. Oh, and then the dumping began because the market was robust and led to an inventory bulge and we shorted the heck out of be bethlehem steel and we didnt ring the bell until the company went bankrupt. I named my cat bessy after that monster win. She had a lot of ticks and stuff. Anyway, now the opposite is finally occurred its too late for bethlehem but not for new core the up cycle was interrupted by the excessive inventory before the tariffs hit, we worked through it the otherwise first increase wouldnt stick let alone the second one if we get a couple rate cuts, it will be a mustown stock think of it as the chick en tha will let you sleep at night. The most dangerous of the steel to own and has a good balance sheet. New core has better earn risk reward and the best way to play the fedinduced president ial endorsed steel cycle beginning right now. Mad money is back after the break. Dont miss your golden opportunity to experience the luxury you desire on a full line of utility vehicles. At the lexus golden opportunity sales event. Lease the 2019 rx 350 for 389 a month, for 36 months, and well make your first months payment. Experience amazing. When the facts change, you need to be willing to clang your mind like we were taught but how do you know if the facts have really changed thats the question i keep pondering when i think about grub hub the Online Food Delivery system. Back in february i told you to run, dont walk away from grub hub as well as all of the publicly traded competitors. The stock had been obliterated from 149 last september to 83. I bring more downside. Why . Because the delivery space has gotten way too crowded among uber eats, door dash, square Caviar Service and gold belly, cloud kitchens, thats by the way the latest venture from the founder of uber, there were just too many players competing for the Small Business while competition is great for you as a consumer, its the last thing you want to deal with if you run a business and grub hub has a ton of competition they have been spending money like crazy and their efforts, lets say they havent been that successful sometimes the industry will be booming like this one but there is no real good way to invest in it thats an important take away, people it turns out it was good the stock is down 9 however, in the past month and a half, grub hub has rebounded from lows rising from 60 to 75 and maybe me wonder if maybe im missing something or something changed. The reason on june 11th it was reported amazon would be shouting down its own Online Delivery Service amazon restaurants. Immediately grub hub stock caught fire and multiple analyst told us this is a major positive they are looking for after all, if you can out last amazon, got to be in great shape. Stands to reason not so fast. I think the buyers are getting ahead of themselves. They were never a major player to begin with. One less competitor, of course they still got plenty of other rivals and frankly, you can read amazons decision not so much as they gave up but how about this . As an indictment of the whole industry you have to remember grub hubs margins are under serious pressure for sometime and spending a fortune to fend off door dash, post mates and everybody else that piled in the business thats not a good sign, people in april we stopped by grub hubs Head Quarters to give the ceo to tell his us side of the story and willing to talk. I asked him if all the ad spending was worth it. Here is what he said. So you think about it this way. You know your ltv, lifetime value of your customer once they order, they are lifers and on forever we can make that revenue model and then we know how much it cost to put the ad on there. So, yes, over time as people see it more and more, it becomes less and less effective but were nowhere near the ltv. I love when a candid executive is willing to answer tough questions after ive krit si criticized their company on air. Its wort to spend the money because once you win new customers, they will stick with grub hub forever thats the longterm value im not sure about that. In my experience people toggle between Delivery Service to get what they want if its on grub hub, if you want mcdonalds, you have to use uber eats and if you want chipotle, you have to use door doosh the when grub hub last reported, the company gave sales and guidance for the next year and stock got hit until we learned about that amazon restaurant change in response the stock surged more than 8 in a ink single day and hasnt looked back since i think this development is being blown out of proportion. Amazon restaurants was tiny more than 20 cities when you actually read the analysis its not exactly encouraging as the wall street journal put it, the rough and up theble food Delivery Business is swarming with competitors and largely unprofitable in other words, this industry was too competit