Because we lost control of covid19 today went higher. The the s p gaining and nasdaq gaining 1. 02 . Hospitality and leisure. Has the market lost its mind no we are dealing with cross currents any time stocks get hammered, it seems to trigger visceral vaccine reaction good news bails out. On the one hand we know the cavalry is not coming. It is going to be in the form of at least one, pfizer vaccine, wont reach us until spring. In the meantime the virus is out of control we had 162,000 cases yesterday we are in a rough winter earnings from cisco, the networking type and Applied Materials and walt disney which needs no introduction. It is looking like well have a smooth transition from the Trump Administration to the Biden Administration thats a huge strange and even last week at this time, a notion of trump refusing to make plans to vacate the white house. I am sure you are sick of hearing it could the good earnings continue if you are worried of the virus and encouraged by the vaccine, next week will be pivotal for you. Well hear from Major National retailers. Monday starts off something a little different, the results from Palo Alto Network the kate snow put together a terrific set of assets millions of people are staying or stuck at home working i expect very strong numbers then we hear from one of the most controversial names, well hear in tyson foods. They had major covid problems that tends to be behind them now i feel nothing will help tyson aside from sharp bleak better than expected earnings. Could this time be different if they do, i got to tell you the 62 stock is going to go up a great deal tuesday is gigantic. Walmart, home depot and kohls home depot is the best do it yourself renovation place at a time people are business turning their homes into offices or schools. Both are reporting spectacular these stocks will get hurt kohls is a little problematic kohls is not an essential retailer which makes it a good gauge. After the close, well hear from nio, oh, nio oh my. The chinese tesla. Thats what they call it stock is up 1200 the last six months this is vehicle maker has become the bell of it all the thing is nio is still losing ton of money then again until recently so did tesla. I think people will keep buying the stock as nio continues to ramp production. If it is the next tesla that means you dont have to care about the short term it is more of a concept than a company. If anyone says jim told me to buy nio at 47 and i got hurt you didnt listen to what i had to say so many stocks will have already reacted into the company tuesday, so in other words, this one and these are x, nio will be two xs the expectations have gotten higher if walmart could. That makes it hard to beat then there is lowes still some issues and although it is being void by the pandemic if you are going to be stuck at home, you may have some outdoor space. Theyre driving for excellence to be the best of the best lowes is not there yet but the number is so strong that you dont even notice. Tjx, and marshals why do we do this . It is simple we wanted to take advantage of the rally this week. Takes some profit. Why . Well, this covid could be a great longterm opportunity for these guys tjx and retailers. Short term i dont see them bringing in many customers thats a recipe, some of them we took a loss. Here is one that i am closely linked with and i am proud of is nvidia i am glad this stock has been coming down this week. That makes it easier for the stock to blast off in response of a fantastic quarter just so everybody understands, this is the kind of stock thats being sold here as people circle back into the company that does better there is nothing wrong with nvidia, just people dont like the valuations thursd thursday, well hear from macys so i dont know if well get a break here the company has done a lot to turn itself around but in this environment it may not work. Workday reports after the close. You have tech and you have tech. Workday is the Cloud Computing company that does so much. It is hard to know which way that work in the report. The company is winning contract after contract but people dont understand it. I think it is a really wellrun company. Finally foot locker. These mall retailers have been written off dead some of them are not so bad though could they post a good quarter, nike and under armour is moving a ton of merchandise i regard next week is the collusion of earnings season so it may be helpful to reflect back for a second. There has been a huge number, far more than anybody thought. Maybe because the expectation for ratcheting down too much leaving publicly traded company as the last men standing if you find yourself wanting to buy stocks that are keep on roaring when we have insane covid19 numbers james carvel, big business is making a ton of money right now. It is not all that complicated our salute to Service Veterans day continues. Our first question is from roger in texas big booyah coming from texas. I want to say thank you for everything you do for us i served in the marine core for five years question for you, jim. Looks like democrats are going to control the white house and the house. What does it mean for us is it growth and value and energy or faang or maybe Something Else even. All right, thanks again jim. Wow, thank you for your service. We are going out the deal with new categories i think companies that are going to do well in a market where we need the vaccine or a company do well in a market where we dont get the vaccine. The labels are failing us. Thats something that a lot of people dont understand. The labels are failing us. Okay, lets go to justin in new york booyah, jim thank you for having us. I want top give a shout out to my people. My question is about gilead. I bought it at the hype of the pandemic do you suggest i buy more or sell or does it have the potential to go back to where it was before we care where it is going to. I think it is bottoming because of Interest Rate you know you can swap it for bristol myers. Next is matthew at west point. It is Matthew Jordan from massachusetts at west point. I am apart of the Investment Club and i lead the finance sector we have been researching jp morgan, are they a buy . Thank you for your service. Jp morgan, Interest Rates so low, they cant make money it is riskless and pain free i think the stock is not a buy as a matter of fact, ill lighten up and own Something Like a Goldman Sachs or morgan stanley. Next, we have a question from harold in texas. Harold hey, jim, this is tim from dallas, texas. I served in the army for 30 years. It was a great life being in the military i am looking for your advise in Decision Making for a great investment to continue that life what military Defense Companies could you recommend for this old bull i need to go from hoorah to booyah i like that transition. Lockheed and impartial to bill brown and l3 harris i think they are the right one for a Biden Administration all right, remember it is the earnings thank you very much for your questions and service. We are going higher for a number of reasons in the end, the companies are doing very well. Big business are making a lot of money. Im siting down with the home depot of weed, growing for generations. Then what would the u. S. Election outcome in news of promising coronavirus for your money . I am going off the charts and eyeing the market to find out what it will help us figure out about the industrial more Small Businesses are getting back to work what does it mean for a company like build. Com which has been so red hot. I am going to talk with the ceo. Stay with cramer dont miss a second of mad. Follow us jim cramer. Have a question . Send us an email madmoney. Cnbc. Com, or give us a call at 1800743cnbc miss something head to madmoney. Cnbc. Com, what if you could have the perspective to see more . At morgan stanley, a global collective of thought leaders offers investors a broader view. We see companies protecting the bottom line by putting people first. We see a bright future, still hungry for the ingenuity of those ready for the next challenge. Today, we are translating decades of experience into strategies for the road ahead. We are morgan stanley. Youre choosing whento get connected fto xfinity mobile, to the most Reliable Network nationwide, now with 5g included. Discover how to save up to 400 a year with shared data starting at 15 a month, or get the lowest price for one line of unlimited. Come into your local xfinity store to make the most of your mobile experience. You can shop the latest phones, bring your own device, or trade in for extra savings. Thats simple, easy, awesome. Visit your local xfinity store today to ask, shop, discover the latest on xfinity mobile. All right, we didnt get the blue wave that somebody predicted last week. We did get a green wave. Legalizing weed in all four and even mississippi legalizing medic medical marijuana. Full scale legalization seems unevidentable. A chain of gardening store specializing in high products. It is expanding all over the place. Thats why i started pounding the table this one in august when it was 16 it is now 25 the story is Getting Better and better on wednesday, the company delivered a terrific quarter, a big revenue with management raising in the forecast for 2021 the stock rallied nearly 5 bucks the last two days. Lets think deeper, daron lambert, he got a better sense of where the company is headed mr. Lambert, welcome back to mad money. I want to ask you philosophically. Looks like marijuana is on the ballot and cannabis, it always seems to win is it inevitable that our nation can embrace it i certainly think so. The election is a big victory for the cannabis generation. It is invigorating to see Cannabis Initiative passing in five states. The green sweep. The beginning of a huge paradigm shift. We are excited about arizona, a strong medical market. Attention to become a 2 billion market with addition of Recreational Cannabis and new jersey, another exciting maringt new jersey is huge and pennsylvania and new york have to follow. It cant just be new jersey. It is correct jersey is another exciting market scouting locations expect to open doors in new jersey we believe the rest of the east coast and follow suits, legalize very soon. New york, connecticut and rhode island, jim. Wow in the end which is better just continuing to buy others or doing what you are doing with new jersey where i imagine doing greenfield Building Stores jim, we are doing both. We are Opening Stores in greenfields and new markets, oklahoma, pennsylvania, new york you will see us buying stores in mature markets like we are doing with the Grow Business 50 million annual runway. 50 talented individuals, well bring you up to growth products. Everything you need to know of co cultivating and organics big bud organic i am a guaardner, it is private label, when am i going to see it we have been working on private label diligently currently 1 to 2 is coming out of private label we are targeting private label coming out of grow gen are they ever saying we are so big now, we got to hire someone from a Tractor Supply or lowes or home depot, we are worried we need operators and we got a great board. It is time to let some guys from do it yourself run the place jim, we have a talented chief off that are came in, tony sullivan, classic retail trained. We have former ceo of home depot on our advisory board. The former ceo of grow biz so we are pretty set from this there are still incremental mma to grow, right there is always seems to be people to buy. Where are all these stores is washington and oregon going to buy there are 1500 stores throughout the United States right now. We are targeting about 50 to 100 Stores Stores in mature states. States that have been cannabis recreational for some time and the medical side now, when i look at at remember i am a gardner, there are a lot of things that are different from going to a tractor store, this stuff is unique to cannabis, i dont think i can grow cannabis without grow generation help you cant we control the in door climate it sells everything, jim from medication to Climate Control to benching and lighting with cannabis, jim, on the medical side of it you need the same cannabis each and over grow. You need to control the environment and control the crop i got to tell you, i was o r overwhe overwhelmed. The catalog and ecommerce is really good but et shows you that you that you need a professional help. Thank you very much, grow generation, Darren Lampert good to have you on the show appreciate it in order for you to understand why you need it go to the website. If you understand half of the stuff, you dont need it i bet you dont. Stick with cramer. This cnbc program is sponsored by chevron the human Energy Company its smarter Trading Technology for smarter trading decisions. Fidelity. This is the new iphone 12 pro with 5g and its on at t, the fastest nationwide 5g network. Now, new and existing customers can get our best deal. Really . mom at t has the deal for new and existing customers i will. So whatd she say . Wrong person. Its a guy named carl. But hes very excited and on his way. Wordofmouth advertising. Its what they did before commercials. Its not complicated. Everyone gets our best deal, like the amazing iphone 12 mini on us. At cdwwell weve made our happy,office pet friendly. S. [ bleat ] [ cooing ] maybe a little too pet friendly. Well you know cdw can design a Mobility Solution with light powerful devices from lenovo to make your people more productive in or out of the office. Anyone have any questions before we go . Thats great cause i really need to get out of here. Snake people are freaking me out. Hey sheryl, you have a sec . Nuh, uh. For work place productivity you need lenovo, and it orchestration by cdw. People who get it. Lexus has been celebrating driveway moments. Heres to one more, the lexus december to remember sales event. Lease the 2021 nx 300 for 349 a month for 36 months and well make your first months payment. Experience amazing at your lexus dealer. We spent the most ten months living living in fear, in fear of the virus. Even when the nasdaq cruised to a new high in june wall street was jumping fighting the whole house of cards come crashing down in any moment. Despite new covid19 cases at a catastrophic level, the fear is gone not because of the vaccine the fear started subsiding before the big news of pfizer. Lets go to the ceo of option pick this guy is really good. It is a little technical i should not say that. This will help you understand whats going on. In a healthy rally, the vix is supposed to go down. When stock falls, vix is supposed to spike. When that pattern breaks down, it means something is off. For most of this year something has been very off. I want you to take a look at these charts with the s p 500 and volatile till index going back to july in the last two kweweeks of aug, the s p rocketed higher and so did the fear pitch, spiking 22 to 34. Thats a huge red flag over the summer it was big tech. The market rolled over in early september. When this went up, that was a singular sebastian that was a shaky market boy, was i ever right . Should not go up what about the last two weeks. Lets zoom in. This will help you this time when the s p 500 starts roaring the day before the election, the fear gate did exactlygauge did did, it plunged. The market rolled over on wednesday and thursday, the vix barely budged. We stopped being afraid maybe because we finally got an election over with and ended with a results that the market is fine with either way we are living in a different world now. Thats why things went to an all time high. For months many living in fear with a small number of txdot letting the market dominated now thats been flipped on its head, we have a new sense of confidence in the broader stock market but a focused fear in covid place which almost all active today for sebastian, thats the crux of the issue apple, microsoft and amazon and facebook and alphabet, making up the 22 of its value we had a fearful rally because it was narrow. Now sebastian thinks we have a Broader Group of leaders we are not dependent on tech and only tech. The same five big tech stocks make up 46 of the nasdaqs 100. There is actually a separate volatile till index for the nasdaq 100 it is called the vxn for short take a look at this new pair of chart. This next pair is on top of the s p 500. On the bottom it shows the spread between the regular volatility index or the vix or the new index that i am talking about. It is usually one or twopoints spread here. You can see this the vix tends to be higher but not much higher. When the s p 500 was peeking in august it expanded to 10. That thats the biggest spread has been people were terrified of what would happen to tech, remember the market, the peak of the stayathome trade i still think some of them are worth owning in a vaccine world. I think apple is great because of china tech is general. Theyre the stock that led the way when the rest of the economy fortunately we are in better shape nasdaq is down more than 1 . Yes, the s p 500 have soared now the tech stocks have been able to mountain sporatic rally this week and right now covid is kicking our butts. The governors are starting to shut things down as hospitals getting overwhelmed. This is not big. S p though meandering look at today. Today is a micro cosmic of what sebastian is talking about sanch s sebastian says hell continue the trade to be unwound. It is six now. We are not there yet i think hes got a good point. There are a lot of cross currents that complicates the situation. Wednesday when the nasdaq roared because the vaccine is still six months away although it is not clear when the president says when we are going to get it when we are not take a look at the chart of the vix futures. Investors are paying less in the future for the future. They go further out. It is a sign that people are less afraid of the future than the president. Not long that covid is going up instead of down indicating fear and intrepidation. Good news for the dow and not so good news for the tech and nasdaq i am talking so much about. If covid cases keep soaring soaring, lets go saluting our troops it is not over yet lets take some call lets go to kenneth in michigan. Booyah jim long time cramer disciple i am a veteran of the United States air force my stock is Dollar General jim, i would like your thoughts on what you expect out of their third quart er earnings being recorded on december 3rd Dollar General is a tricky stock. I think the flash numbers are not looking that good as they should the Conference Call they tend to be able to talk the way. They should not have sold their stocks thats my strategy charlie in texas, charlie. Hi, jim long time fan. Thank you for supporting the military whats your thought of buying with another covid shutdown and the covid19 vaccine i got to tell you, the person, the new ceo is doing some work on. The merchandise is fresh and appearance is good this is one of the rare brick and mortars i am warming up to we are entering a new phase here investors are not as afraid as they used to be. Much more mad money. 90 of the business still use paper checks including the ones i have i am talking to the ceo hoping to disrupt the industry. Dont miss my exclusive with bill. Com and our rapid fire of tonights edition of the willing round. Stay with cramer a month ago we ran a segment on what i call the modern red hot. Since then many of these red hots have come down dramatically a big vaccine news on monday means the rest of the country will open so we dont need these. Tonight i want to go back to one of the lesser known red hots bill. Com this helps business. Here is a stock that came public last year. I like bill. Com because it helps clients save money which is why it became attractive in the age of covid19. By the time we cover the red hots last month maybe the pull back is coming. With bill. Com seeking to 95 today. The Company Reported Strong Quarter last week. We have to exercise a little patient. Lets check in with rene lasser. Welcome to mad money. Hey jim, excited to be here and get a chance to talk to you and your audience. Glad you are here if you can explain the value of proposition of bill. Com and talk abouts the Manhattan Soccer Club these are companies that are companies. They have a lot of money coming in and out i thought bill. Com provided an Incredible Service there is a massive point that every s p have and thats paper. 90 of businesses rely on paper as a private form of managing it the Manhattan Club is no difference they have all sorts of challenges if you imagine you are doing this from the goodness of your heart and the support that you love thats just a pain that nobody wants. Thats no different that every s p has in this country. I know that because i grew up among a handful of businesses that my parents and grandparents have it was all the time. Cash is paying you got to stretch out the payables and pull out the receivables and you need paper to do that thats the tool that needs to go you have 100,000 customers now. The demand is incredible. You have 100,000 customers we are just Getting Started there are 6 million businesses in the u. S. That have employees. Thats the proxy that we news. They need to automate the process. Thats like you said money in their pocket when you can give people money in their pocket, thats a good day. Our restaurants are dormant right now because of covid why do i need bill. Com why should somebody that owns two restaurants use bill. Com it is an awesome question reporting the data around the transaction you have, what about processing those transactions. The process i have when i started my company in 1999 was i walk around the office with a handful of invoices and checks ready to be signed and looking for people to say did we get what we wanted did that customer like the product . Should i go invoice again or selling it myself. We eliminated all that so the reason to use it is you just want to get rid of the hassle one way that i think about it is we take the back profits and put it in the back pocket. Thats what we do. We know the pandemic has hurt a lot of Small Businesses. Some companies recommended today that were full Service Restaurants and the recommendation line, 40 of these competitors are going to close so why not just buy Cheesecake Factory i got to ask bill. Com whether they are seeing a huge number as businesses closed. What we have been excited about personally i come from a family of entrepreneurs. I have seen the resilience that i have my parents and grandparents, i see it in every one of our customers when covid hits, how do we help them we put money in charity so companies can get some grant we saw a dip and we talked about this we saw a dip in the transaction and we saw new customers coming in quickly because of the opportunity that they needed to manage that back office. What we see by the next quarter is the total payment volume. It comes back to the prepandemic levels thats what i see businesses are doing. If Small Business are the life blood of america, oxygen i recently did a Small Business show cnbc, whats the biggest reason why you can fail . I said the government and your paper work it is not whether you have a good restaurant or the product it is not customer service, it is the government and the paper work does bill. Com help me any of the government comes by and see my books . Definitely does if you think about that phrase the back offs and the back pocket if i was on my phone right now i have been on bill. Com platform six months in starting the company. I have 13 years of data on my phone. Every invoice i have ever paid or invoice collected on is all there. If you do get audit, you can have it all and many of our customers do, they involve our accountant and give them access rights to help to get through it they get done much faster because of it. Thats a great idea i am so glad you came on a lot of people make the mistakes thinking they can do it themselves thank you so much rene lacerte. Great to meet you like wise, jim. You know what, we got to know the spike, theyll come back to bill. Com think about this company it is a really interesting one mad money is back after the break. At calvert, we know responsible investing is hard. If youre concerned about the environment and climate change, how do you find companies that are driving the right outcomes . If you care about economic equality and social justice, which firms are addressing it in their workplaces and their communities . For nearly 40 years, calvert has delivered competitive returns by investing in Companies Making a difference because we see value in doing good. Talk to your Financial Advisor about investing responsibly with calvert. Talk to your Financial Advisor about investing responsibly new projects means you need to hire. Gers. I need indeed. Indeed you do. The moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. Claim your seventy five dollar credit, when you post your first job at indeed. Com home. It is time for the lightning round. Are you ready . Christian in georgia, christian yes, sir, how are you speak to me so what do you think about gold i think gold is going down. Thats a terrific opportunity to buy gold gold or barrick gold lets go to wyatt in South Carolina booyah, jim i want to know how you feel about Las Vegas Sands . I think lvs is going to be fine to own. I do prefer win to lvs lets go to ryan in california ryan booyah jim, from the mighty navy and squad 11. Thank you for serving whats going on . I am interested in Lockheed Martin in my portfolio considering the new direction the government is headed, i want to get your take on this stock i dont really care the Defense Department does well under either administration. I prefer l3 harris to Lockheed Martin but lockheed as tremendous ceo but, it is a good situation. Andrew in new york, andrew jim, how are you doing . I am good, how about you . Living the dream. All right what are you thinking stock wise yeah, so i want to get your take on cancrnival here. Norwegian, it will have enough money to last for a longer time. Not great situation. It is norwegian to own daniel in california. Thanks for having me on thank you unbelievable. What are your thoughts on vonage i like d it for a long time it is now coming to it how about brian . Booyah, jim my question is about macerich you need better quality in that this is not for me that, ladies and gentlemen, that concludes thethe lightning rou the lightning round is sponsored by t. D. Ameritrade gos and watchlists. And you can even see how your predictions might affect the value of the stocks youre interested in. Now this is what im talking about. Yeah, itll free up more time for your. Uh, true crime shows . British baking competitions. Hm. Didnt peg you for a crumpet guy. Focus on what matters to you with thinkorswim. Day after day i get the same question how the heck can stock go higher and higher all time highs today. The case numbers are so terrifying it doubles the last ten days it is a catastrophic economy if covid is representing the economy, that means there is got to be something fishy. What if thats wrong we have now been living with covid for more than eight months i expect a new wave to do some serious economic the situation only seems apocolyptic. When you speak to ceo of food cisco or chuck robin they put in a ton of work to ensure their workers stay safe it is their tough priorities these Companies Lose a lot of money if it closes it is costly maybe the kate snoceos are tryio keep their employees safe is the right thing to do. Yep, they want to make money and not lose money which means they need to take the virus seriously. As a result, big businesses have been far more organized in response to covid than the federal government especially the agency thats responsible for it now i keep an eye on my twitter feed and i noticed that even if i am saying bad words about the president , i swear people will never watch me again what am i supposed to say about the covid situation . There is a pandemic and the president seems to be doing nothing but tweet about the election back in march and april, he was holding briefings to keep the American People in the loop and more infections now than we did back then. It is ill advised behavior from the white house that magnifies the gold and the big businesses. They want to keep their jobs, the ceo have a plan. Washington has no plan you know what it is not just the white house. Our government has failed in every level. California has not let disney land open since march. They have not had any outbreak at disney or florida it should be fine. California let the bars open before they let disney land open, thats insane. Businesses are strapped for cash, they struggle to stay for business they dont have the resources to adapt to the pandemic than the big business can business is the greatest force for change in this country which can be it shows me we always have to remember who we are dealing with the government can be slow and unreliable when Corporate America wants to get something done for good or ill, they can make it happen thats a major reason the stock market has been able to roar in spite of the pandemic even if the government keeps on dropping the darn ball. There is always a bull market some where i promise to find it just for you right here on mad cramer the news with Shepard Smith starts now im Shepard Smith on cnbc, and this is the news. Who gets live saving medical care and who doesnt get life saving medical care. Situation critical. Testing, hospitals, ppe already maxed out in many areas. Now its on us to stop the spread of covid19 my administration will then coordinate the distribution of the vaccine. President trump speaks publicly for the First Time Since his election defeat. This administration will not go under any circumstances, will not go to a lockdown