Transcripts For CNBC Mad Money 20130914

Sight with this week representing the second best performing set of sessions since the beginning of the year . S p rising. Nasdaq even advancing 1. 7 . I urge you, dont get too complacent. Next week we get the real test of the bull of the month, when the fed meets on tuesday and wednesday. Spells out whats going to happen with this Bond Buying Program that seems to be quite infe ineffectual of late. Given that Interest Rates currently available in the 10year treasury nearly doubled since the spring. Thats where our game plan begins. Lets stipulate the importance of this spending. Remember risk on, risk off . Remember that bit of tom foolery garbage you were subjected to constantly . Supposed to sell or buy stocks, depending on some read, of whether people were feeling bullish or bearish or risky or something . Im glad i stomped it out. How about fed tapering . The process by which the fed will scale back its Bond Buying Program. We have been playing that game for too long. You missed the whole rally if you were waiting for it. And it might not even matter anymore homes have been incredibly affordable the last couple of years, courtesy of how low the Interest Rates were. And how glutted the supply was. Housing markets been knocked for a loop already. So if the Federal Reserve says its not going to buy bonds aggressively any longer because the economys getting stronger, i dont know if it will matter. Enough already. The damages been done. Thats why you need a personal game plan. I think when we hear any tapering will occur, and that will be wednesday, there will be jokers out there who will bail out of stocks. When that happens, listen up. You need to be ready to buy some of the many stocks ive liked on the show. Other than the Home Builders and housing supply companies, i dont think there will be that much earnings per share impact. Remember, thats what moves stocks. Thats what we should really care about, and thats what we do on mad money. Be ready, keep your powder dry for 2 30 p. M. Thats when i suspect we could be in the nastier part of the selloff. That might be your chance if you look to buy the stocks not related to housing. Particularly international industrials that have much more to do with china. That have much more to do with the Mortgage Market that the feds been targeting. Weve been waiting to see if higher rates have actually hurt the real economy away from housing. We get two numbers on monday to help us find out. The Empire State Survey and the empire production. I think theyll be strong. Those who have been selling stocks because they believe theres newfound weakness in the economy, i think theyll be proven wrong by this. Ive got to tell you something, theres a lot of people think the economy got weaker. As theyre looking for apparel. Mondays also the first day for the Morgan Stanley industrials in auto conference. This might be the last window to learn how the big industrials are doing, because remember, theyve got to go quiet. Thats right. Theyve got to go quiet near the end of the quarter. Monday we hear from boeing. Yeah. The same boeing everyone else abandoned except for me when the dreamliner looked like a nightmare liner story. Things have only got better of late as europe and china are growing more positive about their prospects. The tone could set the moments leading up to the fed meeting. Boeing breaking out alltime highs. It is so not done, people. We also get the citigroup. Global industrial conference hanging off. If theyrening thatting around hotel, why not a second shing dig . Companies are chatter about a turn in china. That is emerson, which has been redhot. And united technologies, alltime high. Wednesday earnings reports could actually have major pin action. The most important one we hear from is teflon transport, also known as fedex. Ive always loved this conference call. The Company Gives you a terrific view of the world. Smith, the guy who runs it, i cant tell you how many times fedex has been negative over the last few years and has guided down its own earnings because of its own forecast. Whats happening to the stock . How about a climb from the low 80s to 107. If fedex lowers the boom on the economy and its own numbers, you have to buy the stock. Perhaps with both hands. If we get a real dip after the fed has spoken. This is a beloved company. I dont see any sign that its become scorned in any way. If they see anything positive, i tell you, theyre going much higher. 120 next stop. We also hear from oracle next week. I have to tell you, this one has me puzzled. Finally gave up, took a loss. It had to take a loss. Sales force. Com is eating their lunch. Even though sales forces deal with them. Oracle always has an excuse for why its performing poorly. What will be their alibi this time . Thursday we get results from two of my favorite turnaround retailers, terrific home goods play, pier one, which has a great housewares story. That weve caught a triple in. And right aid, a newly viable play. In what has been two horse races between cvs and walgreens. Lots of people said the housing related plays should all be pronounced dead on arrival ever since Mortgage Rates spike the. Im not so sure of that. Look at lowes corp. Pier one has not only gotten their act together, its fully reinvented its website. Think we like what the company has to say before the market opens. It might be a good trade. Riteaid could keep percolating, too. I think it will head to the 5 range from 3. 50. Remember, it was like the buck . Thats where it stands out. Thanks for cleaning up the former big sty of a riteaid in my corner in brooklyn, right next to the f train stop. Its finally safe. I dont mind walking there anymore. Weve got a blank slate on friday. No news, no earnings that matter. Frankly, i think by the time we get there, well need the rest, as we will fully have digested whatever the fed means by the gobbledygook it releases on wednesday. Hopefully this time next week well know who the fed chief nomination is. Yeah, i think well know. And i bet we get that name on friday. Its not going to be it may not be spring, it may not be fall, it may not be winter. So theres the bottom line, its been a fantastic run so far for a month generally considered the worst of each year. Next week, we get the first test of the december bulls real m mettle, and after this run, its reasonable think we could get a selloff around the time of the fed meeting. Like here, okay, actually in the clock it will be here or there. Then again, i have to admit i thought we would have had a selloff already. I cant imagine we could be less complacent with the magic carpet ride. This isnt nearly as important as others do. But we wont know if im going to be right until friday. Ben in new york. Ben caller hi, jim, thanks again for taking my call yet again. I would appreciate your advice on it. I shorted october options for gld, about three weeks ago. When it was at 132. Im thinking that i closed that position. I went ahead and bought a long position on it, on gdx, not on gld, for the same october contract. What would you do in my position . You have to unwind it. Unwind everything. Dont fool around. Unwind everything and put it back on if you still like it. Thats what every trader needs to do. Unwind on monday. Do not fool around. You have just done the wrong thing. And right it. Bill in new york, please, bill . Caller hello, jim. Great big buffalo and Buffalo Bills buya to you hey, you know, e. J. Manuel, spiller, let people know, its a fantasy thing. Go ahead. Caller i saw them and theyre getting hot now. Okay. Caller i have a stock thats hot and id like your opinion of it. Sure. Caller a small volume stock called insys therapeutics. And its up 92 since earnings last month. It was an ipo less than a year ago. Boy, bill, buffalo bill, ive got to tell you, ive got to study this one. I mean, really. I dont know this one at all. And it is redhot. Ive got to do some work. Theres been Something Like 15 Biotech Companies that have come public that just started. Im going to do a big review of biotech next week. Thats it. I cant take it anymore. Lets go to tracy in texas. Tracy . Caller hey, jimmy, i spoke with you before. I want to thank you, thank you, thank you. Your observations by commenting going into the store, bought it yesterday at 101. 77, sold it today for 115. 95. It paid for college. My husband and i want to thank you. I just happened to go buy it in jersey city. Its packed. Sometimes you do that. Caller i jumped on it. When i read the transcript it referred to the crm platform. We watched the show. When youre talking about the clouds. Is that crm platform we dont know. Thats a generic thing, Customer Relations management. Mark bennett is the ceo. Unless its on their website, and i didnt see it last time, you dont know whether its them. I always ask them, hey, listen, i went to soandso, is that yours . Hes too discreet, mark bennett. My friend herb is a contributor to cnbc, hes saying dont take the bait. You know what, if this is the bait, consider me hooked. September, what an anomaly of a month. I still cant think of a week to be less complacent. Theres also friday, by the way, hump day could produce the first big selloff and give us a chance. Mad money will be right back. Coming up, dynamo . It could be the best stock youve never heard of. After more than doubling this year, can this big data spec continue to make cash rain down from the clouds . Cramers got the forecast next. And later, ipoh my. The social superstar of the decade is going public. But twitter isnt the only hot story hitting the street. Dont miss cramers take on the new names you need to have on your radar in know your ipo. Plus, you ask, he answers. 1800flowers. You send cramer back to the books. Now hes got the answers you need. Plus, jim responds to your tweets at jim cramer mad tweets. All coming up on mad money. In a world thats changing faster than ever, we believe outshining the competition tomorrow requires challenging your Business Inside and out today. At cognizant, we help forwardlooking Companies Run better and run different to give your customers every reason to keep looking for you. So if youre ready to see opportunities and see them through, we say lets get to work. Because the future belongs to those who challenge the present. When it comes to tech stocks, you can never stop looking for the next big thing. A revolutionary new product comes along, and it tends to leave the previous generation of tech stocks in the dust. Not to mention making boat loads of money for the companies behind the game changer. That tends to be true of any industry. But in tech, these Game Changers seem to come along a lot more frequently. When i started investing, tech was all about main frames. They were the cutting edge. They got replaced by smaller, cheaper, more powerful machines. Mini computers, micro computers. The main frames are totally obsolete. Were in a world of cloud competing and big data. Its the vast quantities of information we create everyday. Tonight, for speculation friday, i want to tell you about a company with a Disruptive Technology thats taking the big data universe by storm. Im talking about splunk. Splk for you home gamers. Fresh faced Software Company was founded in 2003 and just became public about a year and a half ago. You need to know the way the company historically managed their data. For ages now, the standard had been whats known as Relational Data base management systems. Thats a 35 billion business dominated by oracle, which reports next week, ibm and sap. For all the shat chatter about big data, technology world, the truth is only 10 of the data out there is actually structured in one of these businesses. What about the other 90 . The unstructured data. Thats where splunk comes in. Much of this unstructured data, this stuff is whats known as machine data. Which includes all the data generated by all the systems running in data centers, all the connected devices, applications, servers, security devices, machinetomachine remote infrastructure that powers any given enterprise. Until splunk came along nobody was really doing much with this machine data. In part because its kind of a catchall category. There are literally thousands of distinct machine data formats. That makes aggregation very difficult. But splunks platform takes the machine data and makes it accessible. Usable. And, most of all, valuable to its clients. Thus the heart of the big data theme you can use this information to diagnose security problems, assess the health of your remote equipment, and demonstrate compliance to your regulators, among so many other great applications. Ultimately, splunk has figured out a way to figure out whats important in this machine data and bring it to the desktop in a format thats easy for users to understand. Let me give you an analogy. Make this easier to understand. The traditional data base model is like stumbling around in a cave, okay . With a flashlight. I mean, you know you cant see very much. A lot of stuff is in the dark. With splunk, you get full illumination, meaning you can see whats happening. Give value out of vast quantities of data just sitting there untapped. In fact, the founders named the Company Splunk as a reference to splunking, or whatever you want to say, when you go through caves. I used to call it splunking. Hey, splunk. Heres a telling quote from the director of Product Management at cramer fave salesforce. Com. The fact that we had a data Treasure Chest was not obvious until splunk came into the picture. Guys, is that an endorsement or what . I think its a very Disruptive Technology. Splunk has become the leader in the unstructured data business. Tam for Splunk Software could all be worth north of 30 billion. The companys already blowing the competition out of the water. And a lot of Major Tech Companies have already partnered with then, cisco, ibm, big data companies. Splunk software can be installed and implemented by a Single Person in a matter of hours. Huge step up that required an entire of people that took months or years. And a separate platform plunk storm. For analyzing data from cloud. I think this story is in its early days. The companys been increasing the size of their sales force. 189 reps up from 174 in the fiscal first quarter. 50 of these reps are fully productive yet. They plan to grow sales by as much as 70 year over year. Some think it should boost the revenues. Can you imagine whats restraining you is you dont have enough sales people . Oh, the clients are out there. Splunk just reported at the end of august, delivered a smaller than expected Earnings Loss with higher than anticipated revenues. It grew 50 year over year. The company also gave upside guidance for the full year. The next day the stock shot up 12. 8 . It has not looked back. This is the yelp of big data. Theres just one problem, the stock, like yelp, is very expensive. Splunk has already doubled since the beginning of the year. How much money is being made in this market. We dont talk about it enough. Splunk trades at 12 times, not earnings, but sales. Little worrisome. Its not yet profitable. Although it should move into the black next year. I dont like to chase, i dont like to pay through the nose for anything. But splunk is growing like crazy. It will grow like crazy for the next three years. It should be able to sustain Revenue Growth north of 35 . Theres only a couple that do that, salesforce. Com, 3035. Companies could make 90 gross market. And if splunk is really serving a 30 billion market, maybe traditional analysis can gain the opportunity here. This might be one of those stocks you need to break free from the four walls of the spreadsheet canvas. I prefer to wait for the stock to get knocked down, not by itself, because i think its doing really well, but by the next marketwide pullback. Brazil riots, remember those . That will be your best chance unless they do a secondary offering which would be an opportunity, like linkedin. Sanchez, told you so. Heres the bottom line. I think splunk could be a game changer. I think the stock is worth owning. But for speculation only, please. And i would only buy a tiny bit at these levels. Splunk, the best new company you probably never heard of. And the one that i think will roar to the finish line by the end of 2013. After the break, ill try to make you more money. Coming up, ipoh my. The social superstar of the decade is going public. But twitter isnt the only hot story hitting the street. Dont miss cramers take on the new names you need to have on your radar in know your ipo. Ive got to tell you, the ive got to tell you, the twitter deal, going to be a circus. Everyone will want some. Even if it goes out at 20 billion. Which comes to 17 times sales. Thats the highest valuation ive heard anyone discuss so far. Of course, its me doing the discussing. All i ask right now on this deal, listen, people, who work at the big firms. All i ask is the book runners, be fair. Try not to hurt the regular investor. We all know we want to be in on this deal. Its vital that this ipo not become the son of facebook. Even if that makes sure it gets down to the new york stock exchange, for instance, if the nasdaq cant absolutely be sure that another facebook fiasco wont occur. How many people were left in this market because of the nasdaq did. Can the people who run twitter and the exchange its selected and the bankers involve all agree that there should be winners all around . We know thats possible. Its happened before. It can happen again. Those are my first thoughts about the ipo of a company that i, at jim cramer, admire and use around the clock, literally around the clock, giving my insane nonsleeping habits. As the coo of big buzz told us last night. Twitter is the train tracks of the new media. What all the news and ads and commentary runs on. Its as much as advertisers want as much as facebook. It says that they want to build a Great Company and this is just the start. I am shocked that this company wasnt bought. I have to tell you, its still not too late for apple to do something smart and buy twitter. Even if the companys looking to get a skyhigh valuation when it becomes public. That would still be something for the cash starched apple, who does not have a high ipe, because they dont see any growth. We dont know much about the company yet, but we do know this. Theres a price for everything. The price for social media has been wrong pretty much every time in the aftermarket of an ipo. Even with the best deals theres been a better price than the opening price on the deal, about 90 of the time. In other words, not the price where they price the merchandise, but where it opens. Rarely do you get one where the price is below where the deal actually came. But where it opens, that has often been a high water mark. They said were all guessing what twitters worth. I agree. I would have pegged it 20 billion. How did i get that . If it were much less than that, i think the company would have already been bought by somebody else. Thats a daunting figure, 20 billion. Thats kind of where a lot of people dont want to pay. The price makes sense, the company has onefifth of the users facebook does. Facebook is slightly worth more than 100 million. Twitter is growing as fast, if not faster than facebook. Thats the only back of the envelope calculation i want to make here. It looks to be on track for the best year for new offerings since 2007. Before the financial crisis hit. Not only have we had a lot of deals, but theyve been performing fabulously. Of the 131 stocks that have ipod in 2013, on average theyve given you a 22. 6 gain when they became public. A fifth of this years ipos are up more than 50 . Guys, theres been a lot of good deals. Just not the ones are not high profile. The best performing areas . Biotech is one of the best areas. Biotech, high growth stocks, particularly on the consumer end, those have been the best. So far this year, 33 health care deals up an average of 54 . Most of them were biotechs. 24 of those were biotechs. Weve also had 22 tech deals. Within tech, the 15 Software Ipos have been rallying 56 . Finally, there have been only nine consumerfocused ipos in 2013, but up an average of 53 . Guys, theyre giving the money away. Going forward, not a ton of deals coming. The twitter big ipo announced, but the truth is, we dont know enough yet in part because of the jobs act back door twitter is using. I wish twitter wouldnt have done this. I liked the intense scrutiny you get from a deal that goes through the secs Corporate Finance gauntlet. I would rather focus on deals that are near to hand. Specifically, two companies coming public next week that fit into the sweet spot thats working this year. You should get a piece of both of them. First, theres fire eye. A cybersecurity play that plans to list under the symbol feye. Fire eye. Fire eye provides a virtual machinebased Security Software platform for enterprises and governments that detect next generation malware. Short for malicious software, which hackers use to break into your system or simply steal sensitive information. Is this segment fabulous . Now, fire eye has been on fire. The Company Sales have doubled and doubled again, year after year, for the 12 months, ending this past june. They booked 115 million in revenue. They now have 1,001 customers. Including a fortune 500. And fire eye has terrific bloodlines. The ceo was the old president and ceo of mcafee before he sold to intel for 60 premium. In a deal that closed in the first month of 2011. If we can repeat that performance with fire eye, he will make his shareholders some very happy campers. Fire eye plans to sell 14 shares at a price range of between 12 to 14. At the midpoint, that would put the valuation roughly 13 times sales over the last 12 month, which is far from cheap. We like earnings, not sales. 13 times earnings is good. 13 times sales is rich. As long as its not north of 16, i think it could have a nice pop. If you cant get in on the deal, hey, pass. Play bridge. Pass. You should get a piece of benefit focus. Thats a cloudbased Software Platform for managing employee benefits. And it plans to list under the symbol bnft. This is in the cloud sweet spot. Its in the early stage of the growth. The company has 2 penetration of Large Employer market. But everything is being moved into the cloud these days. I think the stock could be a good way to play. The price range for benefit focus is 2150 to 2450. The mid point of that range, this would be a tiny 629 million company, trading at 6. 7 times its sales over the last 12 months. Thats not so expensive for a fast growing cloud play. I think this ipo is worth trying to participate in. The first day spike could be stupendous. I wish these deals were trading on earnings, not sales, though. My discipline says be careful. Heres the bottom line. Lets hope that they make twitter good for everybody. While were on the subject of initial public offerings, remember, try to get in on fire eye, and benefit focus, when they come next week. And as my statistics show for the year, never, ever buy a social media ipo in the aftermarket where it opens, not where it is priced on the deal. You almost always get a better price later on. Susan in california, susan . Caller hey, great fan of your show. Watch it every day. Youve given me fabulous tips. I hung on to starbucks. Now ive got gigamon. Interesting stock you recommended. I bought it at 27, its plus 40. I want to see what your view is. No, it goes higher. This is networking products. Thats exactly what the sweet part of this market is. We know that from juniper. I think well hear from cisco this quarter. Stay long. Its gigamon. I know its like pokemon but its gigamon. Can i go to steve in new york, please . Steve . Caller hi, jim, thanks for taking my call, to you and your staff. My staffs fabulous. Make me look good every single day. Caller i bought William Lyon Homes two months ago and im down about 20 . I see it has good resistance at this level near 20. But last month, three analysts started following it and i dont know if now its hit the deck. Im wondering if i should hold. I would hold it. I think were going to see Mortgage Rates are going to stabilize, i believe. If Mortgage Rates stabilize, it could rally 10 to 15 . Then you have to go. The housing business has peaked in this country, courtesy of the Interest Rate rise that really has decked the Mortgage Market. How about chris in texas . Chris . Caller hey, jim. Chris, a firsttime caller. Regular viewer and newsletter subscriber. Want to thank you for your knowledge, hard work and generosity. To all the viewers out here. My questions about go go inflight entertainment, ipod around 16, dropped to about 10 and has been on a pretty quick run. Up about 25 over the last three, four days. I really wanted to get your thoughts on it. Chris, first of all, thank you for subscribing. This is one of those where, frankly, i as soon as you mentioned it, i thought im a subscriber to go go. I dont fly that much. But i saw the stock creep up this week. I dont know the reason why. Maybe we should do a full bore analysis of gogo for you, and our other viewers next week. Trending now, social media. Its redhot. The tweet heard round the world told us that i just hope the twitter ipo is fair. All right . Please, bankers, brokers, listen to me, make it fair. Fire eye and benefit focus look pretty good, too, but we cannot have i cannot bear to see the people leave the stock market because of screwups by bankers. Still ahead, you ask, he answers. 1800flowers. Let me do more work on it. You sent cramer back to the books. Now hes got the answers you need. Jim responds to your tweets at jim cramer madtweets just ahead. Somebody likes you. Hi, neil. Im thinking of trading my race stock for royal stock. August 24th, the rays were Percentage Points ahead of the red sox. Then joe maddon went all dr. Doolittle. His teams acting like its snake bit ever since. What was that . What is that . No, that is neil everett, the fabulous neil everett from espn. Hes known as the calm and fabulous voice, smart guy, espn. Love that. Thanks, neil. Now it is time for the lightning round. And then the lightning round is over. Are you ready, steve . Steve in new york. Caller hello from new york. Firsttime caller. Starbucks, what do you think . Starbucks, fed meeting by the second half, even if its higher, i dont care because i like that stock so much. Tom in wisconsin. Tom . Caller hey. Jimmy. Pba, what do you think . Thats a canadian. I dont recommend it. Lets go to ed in california. Ed . Caller booya, from northern california. Sweet. Caller you always tell your viewers to say diversify. The last three years, ive owned these two stocks, symbol hxl and beav. I know these companies, jim, are basically the same type of aerospace business. Im up about 150 on both. What should i do with them . You have 20 of your portfolio in one sector, ill bless that. Less than that, i think youre fine. Those are really both fine companies. You have to have eight other stocks. Its about the number of stocks. Max in puerto rico. Caller hi, jim, booya, how are you doing . Good, booya, how are you . Caller good. Im just wondering what do you think about l and g . It was redhot on the news that dominion got approval. Dominion is a competitor. Lets go to horice in virginia. Caller thank you for taking my call. I need your input on ngi. No, no thats next to emg. We like emg. Thats the one we want to be in. All right, lets go to andrew in florida. Caller yes. Professor cramer, big fyu booya. Blo. Listen, there are so Many Oil Companies we like. Ill also send you to eog. That, ladies and gentlemen, is the lightning round. The lightning round is sponsored by td ameritrade. [ indistinct shouting ] [ indistinct shouting ] [ male announcer ] time and sales data. Splitsecond stats. [ indistinct shouting ] its so close to the options floor. [ indistinct shouting, bell dinging ]. Youll bust your brain box. All on thinkorswim from td ameritrade. From td ameritrade. Small Business Owners are using tools like email and social Media Marketing from Constant Contact to grow their business. Theyre getting customers coming back. Fans following their business online. And new customers through the door. See how Constant Contacts products and people can help you grow your business. Start your free trial at constantcontact. Com. [ male announcer ] 1. 21 gigawatts. Today, thats easy. Ge is revolutionizing power. Supercharging turbines with advanced hardware and innovative software. Using data predictively to help power entire cities. So the turbines of today. Will power us all. Into the future. Before we get to your tweets, we have to get your homework caught up. Its a tiny business, theres like 100 of these, they all sound the same. Been a showner for a tedecade. Until a week ago when they struck a deal. Which is a super on bio tech. Its bear. 10 million up front. 500 million potential milestone payments. Doesnt that sound good . Youre not alone. Compu jen just went up. 68 move since the news broke on august 2nd. I say we got to let this cool off. Its nouft judge my style. Its just not my style. Perhaps a dip in the stock. You get dips. Next up on september 4th, miles in minnesota, wanted to know about 1800flowers. Flws. As you probably know, the company is a world leader in floral arrangements and gift baskets. Clean Balance Sheet but i dont see any spark of higher Revenue Growth. 15. 8 times earnings. You know what, up 47 for the year. I dont know. If you had that run, id probably take some off the table. Mike in new york asked me to opine on immunonex. I wanted a closer look before i said anything. Because the company is so small and speculative. Its a tiny 500 million biotech that specializes in cancer autoimmune diseases like lupus. It has an exciting pipeline. The stocks doubled year to date. I need to see it cool off some before i can give it my blessing. So many biotechs have doubled. I said the same thing when it was at 5. Now its up 20 . I wish i had caught that move but its simply too risky for me up here. If you own, i suggest its time to take the pipelines. Let the pipelines catch up with the lofty evaluations. The group is too hot. We know theres going to be a correction. I dont want to be recommending them when theres a correction. I like the ones that i want. On wednesday, shay in maryland challenged my global stock knowledge, with the symbol gram. Its the largest Engineering Construction company in peru. Expanding new countries, like chile and colombia. It became public, now just trading below the offering price. I view this as a speculative play on peru. Given latin america is out of favor, courtesy of the rest of the rise in Interest Rates in the u. S. , im not surprised they didnt do better. But i think the emerging companies are coming back. Its worth considering. The companys growing its backlog by 76 over the last few years. The stock trades at a discount to other construction engineers. Im giving them my blessing. I want to thank shay for this terrific emerging market idea. I would like to say, ive always been a fan of shays work. But i think thats a totally different shay. He may not have been a standup guy. Maybe thats just my old reactionary self in my older age. Now your tweets. All right. This one is from at ms. Lobelia. Jim, should i move my boeing price target higher now that its at a new high or trim . I find stocks i really like and i dont want to have to say, im raising my price target. Or that you think im not being disciplined. I think boeing is a huge stock, and you own it for multiyear move. I dont say what the price should be. I just say you own it for a multiyear move. So if that means raising your price target, yes, indeed. Heres one from trisha tnk who says, jim is buffalo wild wings. You still like this one . Yeah, they are. Theyre opening them globally. Yes, i still like this one. I know people were shorting a stock like mcdonalds rolled out wings. Theyre not the same. You get the wings, the hot sauce, the beer, big screen tv. Hey, you get the burner. Theyre different. Lets go to a tweet. This one from jay dez. Who might be like dez bryant, i dont know, dez watch. Hey, did you see Desean Jacksons mother retweeted me . Thanks for the great show. Under armour. No. I dont like teva when i lost a ton on it. The compact zone, exception, was going, lets say had too much competition. I dont like teva. I like deshawn jacksons mother. Please. N whats this . Uhh, its my Geico Insurance id card, sir. Its digital, uh, pretty cool right . Maybe. You know why i pulled you over today . Because im a pig driving a convertible . Tail lights out. Fix it. Digital insurance id cards. Just a click away with the geico mobile app. [ male announcer ] the parking lot helps by letting us know whos coming. The carts keep everyone on the right track. The power tools introduce themselves. All the bits and bulbs keep themselves stocked. And the doors even handle the checkout so we can work on that thing thats stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. So everyone goes home happy. This morning on the squawk on the street, i found myself stymied. David and i were all discussing about whats about to happen in washington. We could be looking at another debt ceiling showdown, as well as possible fear of government shutdown. Judging by the current rhetoric, thats precisely whats going to occur. Well stare down the barrel of another federal fiasco, fewer than three weeks from now. I then turned to carl and said when that occurs, theres no way were going down. Theres no way this stock market can handle that kind of pressure from washington. You know what its going to be like. Well hear about Social Security checks not going out, possible u. S. Government debt downgrade. And those will all weigh on the stock market. Sell, sell, sell. Ask me a logical question, do you just sell now . I thought about it for a second and i said, you know, ive actually been advising people to do a little selling. But candidly in this redhot september, ive been wrong. Then david asked me what will i be thinking as we get closer to this political gun fight. I told him heres how it works. Ill say you should be doing some selling right now. Ill be saying that right into the event, but the market will keep going higher and higher. And then i will break down and say, i cant take it anymore. Just go buy something and that will mark the top. Of course, i was being facetious. Sure, the market is stronger than expected. But its also frothier than expected. Ultra salon traded up today. I know there were people thought it might miss. It is a very high flying retailer. This rally is 17 points. There are a ton of managers who cant resist owning a retailer that had an honest to betsy better than expected quarter. You dont believe me . Check out the recent runs in Lumber Liquidators and tractor supply. As i always say, my friend david faber, these are the keys to the market. I show you how the Portfolio Managers are willing to throw money at the market. How much theyre willing to pay top dollar for the most prosaic of growth retailers. I dont like this kind of activity. Yes, i obviously want stocks to go higher, because the vast majority of you own stocks. I want you to make money. And most of you arent short sellers. But i dont like it when they shoot up 17 points on some better than expected news. Weve been having these exaggerated words. Up 6 , upgraded by credit suisse. Theres hints something bigger going on. Maybe earnings surprise . But the real truth is, people are just incredibly enthusiastic about the stocks right now. Much more than ive seen in, lets say, 14 years. We saw it yesterday, too, when walgreens made a gigantic move. One of the best in the entire s p. What happened . Goldman recommended it. Little ridiculous, right, convince buy . Culmination of the stock market has changed, reverted to the way it was in the 80s and 90s. Perhaps my skepticism should be suspended because it sure wasnt prudent in the 1980s and 1990s to stay skeptic. To me, this is a little too much. Still, as i completed the discussion with carl and david this morning, it became clear to me these worries are still articulated today, and could be made in the last few weeks. Like left out of 3, 4 . This has left me boxed in, people. My discipline says you cant chase it up here. But the markets mocking discipline on a fulltime basis. Heres my conclusion. I cant embrace froth when i see it. Not when the government is on the eve of shutting down. The fed reserve beating at the door. All the selloffs weve had since obama was elected president and even before in the last couple of years with bush. That means i just have to trim and wait. Which is what im doing with my charitable trust. I dont play twofaced here. I hope i wont end up screaming, thats it, i cant take it anymore, go buy anything you want. But for me, september was supposed to be a mighty tough month, but its only been tough for the skeptical. I am staying cautious. Betting that well get a better opportunity to buy the stocks i like so much. But i just cant chase it up here. Because thats just not my style. Stay with cramer. Diarrhea, gas, bloating . Constipation, yes one Phillips Colon Health probiotic cap each day helps defend against these digestive issues. With three strains of good bacteria. [ Phillips Lady ] live the regular life. Phillips. [ male announcer ] staying warm and dry has never been our priority. Our priority is, was and always will be serving you, the american people. So we improved Priority Mail flat rate to give you a more reliable way to ship. Now with tracking up to eleven scans, specified delivery dates, and free insurance up to 50 all for the same low rate. [ woman ] we are the United States postal service. [ man ] we are the United States postal service. [ male announcer ] and our priority is you. Go to usps. Com® and try it today. Im making a personal appeal to the bankers on twitter. Try to let everybody win. Dont make it like facebook. Also to the exchange who gets it, please dont make it like facebook. We need winners, not losers. Stop making the public look stupid. Im jim cramer. Ill see you monday a modern american miracle your neighborhood supermarket. 48,000 items under one roof. Oh, boy, its just like a playground of food. Youre looking at the abundance of america, in a way. Absolutely. Youve got to see what i found over here. A halftrilliondollar industry that touches us all. You are empowered to make. Somebodys day. Did you find everything you needed today . Take a deep breath, because were gonna wow you. A billion and a half dollars worth of groceries sold every day, reflecting what we want and who we are. Ill bet most people think