We need fed chief jay powell to listen to last nights big, bad Conference Call from csx thats a railroad. Or this mornings report from aerospace texron that showed a weakness in almost always Robust Aerospace sector or tonight, surprisingly not so hot guidance from united rentals, the Equipment Rental company at the same time, we need to innor ti ignore the bank Conference Calls from bank of america on the heels of the major bank stocks that have been good. Certainly happen we got lets hope he stays away from any Conference Call in the red hot airlines sector. Why . Because we have two economies and right now out of scn krrks nrks krrcn sync if you believe bank of america, j. P. Morgan, citi group, why not, consumers are spending but were taking down a little debt. Paying it off. Based on what is happening in the consumer economy, you could easily make the case for more rate hikes here but the Business Economy is a totally different story. That Conference Call, i have to describe it as brutal. Csx is a railroad that moves products when they suffer, it tells the fed to slash Interest Rates like freddy kruger. We see this struggle in the economy play out every day its a bizarre situation the bull is focused on negative data because they want to rate cut and the bears focus on the positive data because they want the fed to do nothing. I think the bulls will ultimately win why . Because jay powell keeps obsessing about that rate hike too far. That one in december as well as President Trumps fickle stance on the trade war i got to tell you, if the chinese dont start buying soybeans soon, ill scream but not as loud if the white house rolls out another round of tariffs and could be destructive for the economy. Mostly, this economy is just plain weird. I cant think of another time in my years in the business where the consumer was in such fantastic shape or industrials were in so much trouble. Normally, the one boosts the other or vice versa. It doesnt seem to be happening right now. If you want to know how crazy things are and they are nutty, you got to listen to jim foot level headed ceo of csx. He says quote, we started this year expecting revenue to be 1 to 2 and global and u. S. Economic conditions have been unusual this year to say the least and impacted volumes you see it every week. The president of the economic backdrop is one of the most puzzling ive experienced in my career end quote he now thinks that the numbers are going to be down with the stock down 10 today, its safe to say that investors dont like to be puzzled and who can blame them according to csx markets that are strong are doing badly look at the big metal shipping containers which is a great gauge of the border economy down 11 but some had to do with internal changes to csx and went on to explain the expected seasonal rebound that happens now has not materialized many volumes show weakness thats exactly what jay powell needs to hear if hes going to cut rates. Oh, boy, but then there is the brutal negative pin action when one railroad does badly, the whole group gets hit you know, Union Pacific plunged nearly 6 today. Norfolk southern went down 7 . All those cargoes are getting crushed. Metals down and over capacity. Autos stuck in neutral despite the credible Balance Sheet csx had some railroad growth on sports utility vehicles but more than offset and didnt help it was a mid sized aerospace. The pin action f it created bargains, martin and honey well as i always tell, you the money from one pocket finds its way into another for example, bank of america reported an amazing good quarter with by interest in the heat of sale interest. I think bank of america could have as much buck. Accelerating Revenue Growth driven by relentless monitoring and diabetics, last night United Airlines dramatically raise td h forecast but with a short fall, money pours into the ones that dont need a good economy to make numbers we look at shopify they empower Small Businesses allowing them to make the website as good as a power houses retail i know more people that got their businesses going than any other nonbanking enemy on earth and feel like they are being hurt by Amazon Amazon is web service is their best friend. For example, let me give you one close to home. My 25yearold daughter, i dont want to reveal her Business Plan but she wants to sell a particular type of apparel i asked her how to get it up and running. She looked at me like i had two heads. She said same as others, shopify. She turned me on apple, google, netflix long before they blew up on wall street what can i say the kid is money she stays in the picture of course, speaking of netflix, we have companies that manage to buck the strong Consumer Trend netflix is consumer focussed and getting killed in the after hour trading because polling suffered growth and those guys are terrible at predicting numbers at the same time, ibm which is all business delivered what looked to be better than many spect expected quarter that said, we have the usual suspects that are still working like youd expect them to when the economy is weak. Money goes into cybersecurity and Palo Alto Network and Cramer Family fav octa. Sales force and spunk and adobe but you have to wonder if there is enough for everyone we have jay powell satisfied by csx and textron and we have the key to firepower and a Health Care Start and fantastic set of high growth winners. It wasnt enough to prevent todays decline given the fact of netflix and uri but we would have done more without the positives. The bottom line, you need to hang in and wait for positive reports, which i believe could be right around the corner but if im wrong and the earnings are a bust, the Federal Reserve has more ammunition to justify multiple rate hikes. Despite hikeups, im betting with the bulls i think they are more likely to win. I need to start the calling with billy from maryland, billy caller jim, thank you to you and your team for your hard work. My staff is unbelievable. Unbelievable and regina and her gang are amazing whats up . Caller okay. Im calling about a retail stock. The stock is at home home Ticker Symbol they opened the 200th star with plans of opening 400 more. There has even been rumors about them being acquired by a charger chain like kohls. The problem is the stock has over 70 in the last 30 days so is this a buy, sell or hold they can open 1,000 stores. When they keep missing quarters like that, youre going to have to go down and believe me, kohls, i dont think they are about to buy anyone. They should be buying back their own stock if they want to buy something. Lets go to bruce in new york, please, bruce. Caller bruce, how are you doing there, jim well, bruce, how are you . Caller so far, perfect. Look at that. Caller thank you for making me a smarter investor. Thats what im trying to do. Make people a better client, make people a better investor. Thank you for noticing. Caller 20 years ago my wifes father told me to buy chd. My average cost is about 2 a share. All dividends were invested. The stock is near its alltime high with a market at alltime highs with house money at this point. Do you think i should sell some or all before earnings i can opine about the company. It is so good. Its done so well. It is so consistent. I dont feel any need you probably take your call spaces out to do any selling. It is just a Great American company. Boy, do i wish they would come on it would mean a lot to me. Lets go to robert in pennsylvania, robert caller hi, jim. Robert. Caller im calling about harvey davidson. Ive owned the stock now for about ten years and bought it at 50. Its now trading around 36. Right. Caller is there any hope for Harley Davidson . The problem with harley is not necessarily what people are worried about with imports, its the demographic. Its just an older group of people who ride harleys. Now i dont know, i dont ride motorcycles. My best friend Micheal Haley has a harley and we go to the store and they look great but then again, im 54. Okay maybe a little older all right. There is enough here for everybody. There is enough to keep the averages hanging in. On mad money it could be time to worry about earnings and big tech in washington and sit back, relax and pop a cold one im talking uncle sam, Boston Beer Company and the comeback, what is that about staying strong despite multiple analysts downgrades, im checking in on the resilience of an old iron bender from ohio so stay with cramer announcer dont miss a second of mad money. Follow jimcramer on twitter have a question . Tweet cramer madtweets. Send jim an email to madmoney cnbc. Com or give us a call at 1800743cnbc mi setngssomhi head t prevagen is o madmoney. Cnbc. D memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. You wouldnt even ride with someone under 4 stars. Casey . Yeah. So why do you stick with a bank that treats you like this . Yeah, check the. Uh. Check uh. Online reviews were pretty sure theyll send you over to us. Because were not just a bank, were an ally. [phone ringing] ally, this is pamela how can i help you . Bic tech went to washington this week. Whenever these companies are in the news, need to distinguish between headline risk, important and general earnings risk, serious, painful bad in other words, when it comes to facebook, amazon tussling with congress, is this an issue that makes them look bad or does it cost you money let me give you an example yesterday david sisilinni said something i thought was major most people washed over. Take a listen. In an effort to promote and continue this new economy, congress and anti trust enforcements allowed these firms to regulate themselves with little oversight as a result, the internet has become increasingly concentrated, less open and growingly hostile to invasion and entrepreneurship. If you own the stocks, its the last thing you want to hear because regulated businesses make less money than nonregulated businesses so there is an earnings risk. You normally expect republicans to fight and republicans perceive it as liberalism. Big tech is the only thing the two party ks agries can agree on facebook, amazon, politicians love to hate i dont want to make these big tech platforms sound like they are under dogs they are Gigantic Companies and very powerful but that said, this is not a great situation for them in part, thats due to the environment. The media has every incentive to pay the negative picture and it depends on advertising, congress is full of ancient politicians getting comfortable with email they are snail mail people, the last people that should be regulating the internet but some of the problem is selfinflicted when other industries get too large, they put up offices in the congressional districts all over the country look at the defense contractors. These big tech platforms with the exception of all wise and knowing amazon are all concentrated on the west coast im not saying i approve of this corruption but what is the point of being a 500 billion company if you dont buy some congressional mind share there is a lack of public wellknown grownups, people who cannot be bought big tech refused to bring in Senior Executives trusted by washington to me, the smartest thing that he did when he took over at uber was to hire tony west as general counsel. West was the former gc of pepsico and the attorney agagena of the United States hes got the best resume ever for this kind of thing remember, he had to clean up the mess left by his predecessor you dont hear much about that mess anymore, do you even though uber is an Aggressive Company because west gives credibility of congress. Deservingly. Unfortunately, these companies dont seem to know they need a guy like tony wes to help then get along with regulators and need more former legislators turn lobbyist. Ill take famous athletes. I mean, even the banks know how to do that or else were liable to end up with the interstate, Internet Commerce Commission with real regulators assigned to these companies. Lets go through them one by one. There is alpha bit they have real earnings risk here they remind me of microsoft before it lost the beginning trust 20 years ago there is no escaping google. It determines what you read first not to mention what you see first on youtube a lot of First Amendment stuff there. Its congressional per view. One of the reasons ive been a fan is the power thats earned its own ingenuity, the problem with that, they can find a way to play kick the government, someone will be trying to break them up. The good news, stock is cheap for 21 times extra earnings. The bad news, while the call for a mcelderry chccarthy stale iylr base, there is reason hes going after them i personally love everything about google but no denying the power and does have the ability as critics would say to be coerci coercive there is real earnings risk. The Company Needs to find a way to selfexamine and not by cheap a. I. But by expensive humans they have the money. I know they dont want to slow down the invasion, they are great innovators but lack a powerful way to tell them if they are right or wrong. There was some noname alphabet guy on the hill answering questions about Chinese Communist infiltration can they be that tone deaf they need heavy hitters to get them out of the jam. Next up is amazon. They have big brother and alexa and wiped out Small Business and have the power to steer their own goods but amazon also has friends. They have Distribution Centers all over the country that gives them influence and their platform is beloved by everyone who uses it and Ceo Jeff Bezos owns the washington post. Thats one way to ensure you get publicity but he has not influenced the editorial if youre worried about corporate concentration, thats rifling. Even though amazon spent years krau crushing smaller retailers, this is in the best shape it made a brilliant settlement nobody is talking about to appease sellers, the people that are on shopify like i talked about at the top of the show amazon knows how to play the game last but not least, there is facebook man, they sure didnt buy much with that 5 billion settlement. Its out of the frying pan and in the fire with them. The Treasury Department is not thrilled with the plan to launch the currency, lib ra if they bring in counsel, couldnt they find some sort of distinguished federal judge who is retired somewhere i mean, they would be the government would allow them to selfregular gate again their instagram business is on fire as my Instagram Account on fire mainly, im not worried because i have a plan for them facebook watches the show so listen up facebook i understand i like the lib ra concept but you got to drop it its doing more harm than good take your money. Want to get into payments . Buy square thats 100 premium. Nobody turns that down then they can blow out the Payment Network worldwide. Square, cash, is going to be facebook cash and dont forget, square takes bit coins to get the fix. Im not being grip it will cost these companies money. The bottom line, if you impact free speech, youll take an earnings hit and maybe breakup risk as we get to the election you impact commerce like amazon, youll have at least a small earnings, maybe a fine but i expect the rules to be relatively painless like the ones they agreed to in germany and if youre facebook, buy square and bring in a former juror to play the fence. Maybe thats enough and for european regulators like our afternoon show, i say check please believe me, thats how things work over here stick with cramer. Your daily dashboard from fidelity. A visual snapshot of your investments. Key portfolio events. All in one place. Because when its decision time. You need decision tech. Only from fidelity. When the heck has gotten into the Boston Beer Company sam adams. This stock rocketed higher from 150 to 400 and i got to tell you, this is one of the most spectacular comebacks ive witnessed. I didnt see it coming, did you . Is driving this thing . We have to understand these. Boston beer was one of the ultimate cold stock and less than ten years ago, a craft beer craze swept the nation given sam adams was a pioneer craft beer and made a killing into the strike thales growth iw double digits. Then craft beer started taking off in 2012 and next thing you know, they had 13 sales growth. In 2013, it went to 27 . 2014 it was 22 growth not bad for a company thats been around for decades, right ultimately the very trend that made boston beer so successful was undoing. As more and more tiny craft breweries opened up across the United States, sam adams started feeling like a lot less special in just a few years, it went from being red hot Growth Property to kind of a lost brand. Stuck somewhere between the mass market and the 6 in 2015 and then well, it turned negative as you can see from the stock in 2016 and 2017 hence the decline right there. All right . Then beer went out of style and that only made things more difficult. Throughout this period the stock got clobbered, which is why i gave up. I didnt like the beer tasted like cheer owios. I dont know about you it shows you how companies written off and left for dead can indeed make themselves relative again if they have great management so how did they do it . It starts at the beginning of 2017 when the boston beer longtime ceo martin roper announced his retirement given the stocks performance over the previous couple years, you could see it was time for roper to go. It took awhile for the company to find a permanent replacement but in february of last year, they brought in dave burwick, meanwhile the Company Founder jim cook stayed on as chairman i dont want to give all the credit to him. That would be wrong. Boston beer started before he took over but then he was a member of the board of directors. In the dark days of 2017 when the growth was shrinking, boston beer took a stand, a gutsy stand. Rather than focus on cost cuts and buybacks to boost earnings, we seen that playbook a lot. They chose to sacrifice nearterm profitability to invest in the business something a lot of executives are afraid to do because it causes stock to get hurt and did it with the hook these eventually would pay off boston beer upped its Marketing Budget and invested in new Product Development outside of the new struggling beer category the company had nonbeer products like twisted tea but they were an after thought compared to the formulations of sam adams. In retrospect, investing in invasion was a smart move. In 2017, boston beer rolled out a new hard brand called truly, which is now become the pillar look at this the pillar of the turn around right here more in a minute boston beer understood you cant be a Growth Company unless you spend money to grow the business and the fickle beer market, they took control of their destiny. Why doesnt everyone do this its too risky stop the bleeding, cut costs and accept your fate as a slow but steady grower. Isnt that the way of working yourself out of a jam. If it hadnt paid off, if boston beer hadnt paid off, the stock would be in big trouble. Its the nature of the business. It took awhile but by april of last year people were believing in the story again and thats when boston beer reported huge earnings to be driven by the nonbeer business category, Angry Orchard and twisted tea and the new truly, this is known as hard selzer this is wild berry with 5 alcohol. The key metric in the beer industry, the depletions were up 8 and translated to 18 Revenue Growth fabulous number. The brand remains weak but more than offset but the strength of the rest of the company part particularly truly from there the stock exploded higher running straight from 200 to 300 by the end of last june and hasnt been smooth sailing they had stumbles and stock got nailed as the whole market melted down but quarter after quarter management told the same story. Twisted tea was on fire and Angry Orchard red hot and hard seltzer was smoking. Three quarters of market is controlled by two brands from the Company Behind mikes hard lemonade there is plenty of dollars for example, ubs initiated coverage last december with a sale rating and 228 price target arguing stock was too expensive and the growth was bound to slow given the stock is up more than 60 for 2019, can i call that call premature i dont want to give anyone a hard time but this may because i missed it, too they keep proving skeptics wrong and sell it every step of the way. In april, Goldman Sachs, good analyst downgraded the stock to a sell and then a couple of weeks later, ran a hitch happy hour could be over for boston beer stock once again, when boston beer reported later that same month, they shot the lights out the company literally doubled wall streets earnings making over 2. Analysts take for a buck even though management left the full year Guidance Unchanged it was fafwas phenomenal dave really focused on truly he said truly continues to grow beyond our expectations. All right . Were expanding distribution across all channels and improving our position as a leader in hard selzer. It was a very bullish story, so bullish when the other big innovator Constellation Brands reported, management was peppered over and over with questions when they will launch their spiked selzer. In response to stock quickly spiked back to 320, look at this, a lot of guys calling the top right here and 320 and keep running when the market rolled over in may. Earlier this week, boston beer broke out above 400 look at this, will you this is incredible move. All right. Pull back to 390 today but that is one magnificent run they report this quarter one week from today. You got to be careful about trying to gain the quarter because this stock ran so much last week they raise the price target to 421 and argue they could be looking at years of growth thanks to truly, truly years and there could be more upside if the company canturn around sam adams brand or get some of the newest brands to take off like wild leaf or tura. I thought that was a car system. They are bullish about the acquisition of dog fish head, the rapidly growing Craft Brewery and maybe can turn around that beer, the beer business is hard to do the problem, at these levels the stock is trading at 39 times next year easies estimates that is out of whack whats the bottom line, losing stocks can become winners when the Bull Management makes a smart decision and bites the bullet boston beer run so much i think i could sell off hard next week and obviously if consolation comes out with a hard selzer, this will come down. If that happens, use the weakness to do buying or keep your bat on your shoulder and wait for another pitch but you know what . I got to hand it to them, they reinvented the company in spectacular style. Lets go to john in virginia, john caller hi, cramer, my son has a question about a stock. Sure. Caller booyah mr. Cramer. We have family cramer night at our house and i just got General Mills stock for my 15th birthday because i eat a lot of lucky charles. What are your thoughts they had a descent quarter and the stock ran up so it didnt take off but i think that its time for them youre absolutely right to do it i want you to put away, dont trade it congratulations, john for doing the right thing and i love families that invest and take a long term view and he knows what hes doing listen, boston beer could have a sell off next week if that happens, use the week to do buying. There is much more mad money ahead from smoke show company, parker and the bank is finally back im crunching numbers and giving you my take and rapid fire in you my take and rapid fire in tonights editio lightning round so stick with cramer lightning round so stick with it was a mom and her kids. Everything they had had been washed away. The only thing that brought any kind of solace was the ability to hand her a device so she could call and let them know that she was okay. vo there for you when it matters most. Join us and get up to 650 when you switch. Thats verizon. If you want to know the driving force behind this market, look at the industrials that refuse to bend the knee even when these stocks get hit with a broadside of negativity, they just dont get crushed as they used to consider the case of parker ph symbol a classic smoke stock it know it sounds boring but hydraulics and aerospace over the past week six separate analysts, six have downgraded this stock six analysts downgrade in february after they posted a huge short fall and announced an investigation. Six downgrades is a lot when parker actually hasnt done any here to actually deserve and the response, market couldnt careless in fact, parker is actually up 4 since the downgrade started first couple notes did a little damage but the rest is how the stock can rally on seemingly bad news so we got to ask ourselves, if Something Like this happens, i got to give you the context. What the heck is going on here basically . There are a couple things you need to keep track of but the main one is simple we dont understand this part. They know parker is expected to report in a couple weeks and they want to bash the heck out of the stock ahead of time get it right maybe they will even be right about the quarter but thats not the point. In this environment, the current results arent that importantdil why . J powell our dovish fed chief made it clear he wants to cut Interest Rates lower rates bolster the economy and benefits Companies Like parker they look at the weakness as long as they are confident that the fed will take action that means all these analysts who downgrade the stock are fighting the fed they are fighting the fed. Ive told you you cant do that and they are fighting the tape and thats a fight you cannot win. Not unless the fed changes course which seems unlikely given there is real weakness in the business side of the economy. It is the consumer doing just fine with bank of america but thats not the only thing they are going for. The industrials, we dont talk enough about them. In particular, they get an additional boost because there are so few publicly traded manufacturers. We have a real shortage of this stock since many of them have monster buy backs and we rarely get industrial ipos. Between the shortages, these analyst downgrade. Parker is like the unsinkable molly brown. The social light who survived the titanic sort of like the Kim Kardashian of her day. Were seeing the same thing with illinois tour works. Seems to catch downgrades as often as the yankees win games does that mean you should buy the stocks parker gave you that off 3 and change thats probably really off the text drive time to bounpounce not so fast. This is where the market is telling you basically you have to be selective. I would never bet against an industry jell. It would be crazy. You need to look at the particulars. You know cyclics can go down and one of a hand full of major railroads reported devastating short fall with management slashing the forecast because of the trade war and also because of high rates. Stock plummeted 10 today. For the week leading up to earnings, csx, though, unsinkable but truly dismal quarter is enough to blow anyone out of the water. If we get a disappointment, saying goodbye to the unsinkable molly brown survived the titanic but she died of a brain tumor 20 years later how is parker doing . They get nearly half of their sales from outside the u. S this stock has been put through the meat grinder every time investors get worried about a worldwide slow down. When trade tensions flair up, it gets annihilated and thats what happened in october when pence gave you the big speech framing the trade war as a cold war taking the place of the soviet union and got too aggressive dropping the boom on all things but when powell reversed course, okay, look at this, reversed course in january, parker comes roaring back stocks surged higher through april, all right in my President Trump ratcheted up trade tensions and the stock came back down parker was 190 stock, okay, look at this and by the end of may 152 stock. Since then weve gotten a date with china but who knows how long that will last and the Federal Reserve made noise about the need to cut rates an rebounding to 167. This is what i would describe as a picture of the current right there. The last time parker reported in april the Company Delivers substantial earnings beat, the sales came in light, wall street was not thrilled sing management refused to raise the full year forecast you raise the near term, you beat but they dont raise the rest, that means the rest will be worst the quarter we got at the same time we didnt have the fed at our back which brings us to the latest round of downgrades. A week ago, get this, this is amazing. J. P. Morgan took Parker Hannifin but want to get more cautious. They also werent thrilled about the announced acre sixz acquisi Lord Corporation which the company is buying for 3. 7 billion in cash. Okay j. P. Morgan thinks they may have over paid. That same Day Deutsche Bank argued they were likely to pull back because they expected guidance to be disappointing when the Company Reports in a couple weeks later that same day, wells fargo downgraded from out performing the market again and expect the forecast and bank of america hits with another downgrade saying quote, they see limited room for either multiple expansion or upward earnings revisions in 2019, 2020. Its all about slower Global Growth and economic uncertainty. Then, two days ago, keybanc to sect sector, about a whole and finally, yesterday we should have gotten what would be Goldman Sachs taking park er to sell will you look at that . There is substantive reason to be worried im not going to deny that when you look at the disappoint point from last night in equipment were down 6 parker is the machinery maker that gets hit when the economy slows down and recovers more quickly when we recover. The interesting thing is not that analysts are concerned but the stock market isnt blinking. It doesnt seem to care because its banking on rate cuts that will benefit i wouldnt recommend it but i wouldnt recommend going against it dont you think some of the negatives are in the stock bottom line, if you want to understand why this market remains so resilient in the face of not so hot earnings, look at a Great American company this enterprise keeps getting hit but the stock refuses to go down because wall street believes its about to get a boost from the fred and thats more important than all of these negatives. Negatives. Stick with cramer. And most of that debt is actually from credit cards. Its just not right. But with sofi, you can get your credit cards right by consolidating your Credit Card Debt into o payment. You can get your Interest Rate right by locking in a fixed low rate today. And you can get your money right. With sofi. Check your rate in 2 minutes or less. Get a nofee personal loan up to 100k. Dto experiencer gthrilling performance. Now, at the lexus golden opportunity sales event. Get 0. 9 apr for 60 months on all 2019 models. Experience amazing at your lexus dealer. When i see obstacles, i create opportunities. soft music when i see adversity, i find a way. When i hear never, i say now. [announcer] Southern New Hampshire university is education made to fit your goals with over 200 degree programs, flexible class schedules, and some of the lowest online tuition rates in the nation. cheering so when i face barriers, i can break through. [announcer] breakthrough at snhu. Edu. It is time, it is time for the lightning round. Buy, buy, sell, sell, another quarter, and then the lightennig round is over. Are you ready . Its time for the lightning round. Ill start with kert in florida. Caller thank you for taking my call, my friend. Good to have you. Caller is core labs a good company. We have a good fortune of getting i think at the end of the week we have schlumberger thats been a real disaster and well find out more. Lets use that as the example and make that whether we should buy it or not. I need to go to linda in new jersey, linda . Caller hi, thanks so much for taking my call. Of course. I want to hear your thoughts about triple Point Venture growth tpvg. Its an opec business we dont really know what is in it so whether we canpossibly get any comfort with it, i cant i have to say lets go to robert in mississippi. Robert caller jim cramer. Yes. Caller my man. Booyah, baby. Booyah. Caller big shoutout to my boss braid, we have the freight market on business down to business i bought in at 12. 98, supposed to go up in june. That stock thats you got it at a good price to be about to go. Thats a marginal retailer i dont we cant there is no room for marginal retailers in a market dominated by amazon and shopify. Anthony . Caller i want to thank you for enabling me to invest with confidence. Confidence breeds the ability to make better Decision Making whats up . Caller my stock is the Animal Health lab company you know i like that but what happened today of course, what always seems to happen all time high. You know, jonathan, he actually it cares tremendously about my pets i like that. There is a very good post about the howling when a fire alarm went off and you might want to check my insta lets go to pravine. Caller hi, im in san diego and im a huge fan of your show. I love your show i listen to the pod cast daily and discipline for small investors. Thank you caller i bought on february 2018 at 91 and now its around 242 is it time to sell the stock or see, this is a man not brainwashed by an interesting one that says single stock risk will keep you from making money. This is a man that did a lot of work on the Software Solutions for payroll and i got to tell you, it is one that i personally have missed the whole way. Its driving me crazy. Take a little out but otherwise, congratulations. Steven in california, steven caller booyah jim from the sunshine state. All right caller what are your thoughts about nrz high quarterly dividend. This reminds me they own some sort of bond thing. We cant we cannot get involved with companies we cannot analyze. Thats a bad call. Joseph in new jersey, joseph caller hello, cramer. Yeah, man. Caller im a multitime caller and youve always been right when i asked you about a stock. Thank you for that. Wow thats better than luck. Ill take it thank you. Caller okay. My stock is axa. Its a very good company. Its a broker age olding i dont think its okay to buy. Lets go to bryce harper sorry, bryce in california. Caller hi, how are you doing . Good, nice walk off home run last night whats up . Caller i like waste management. Youre absolutely right to like waste i think its a terrific buy. I wouldnt mind buying some right here and that, ladies and gentlemen, is the conclusion of the lightning round. Announcer the lightning announcer the lightning round is ameritrade are the big banks finally back have they become investable again with the fed poised to cut rates and economy slowing . Lets say they have come a lot more attractive after this week. The big banks that reported so far are citi group, jp morgan, bank of america earned a combined total of 29. 5 billion. That is astonishing. J. P. Morgan made 9. 6 billion and each are extraordinary profits. When you make that much money, your stock deserves to trade at a higher evaluation than they have been getting before the numbers. How did they do it take them one by one j. P. Morgan is a power house the consumer as i mentioned at the top of the show but the whole thing, as j. P. Morgan is firing on all cylinders, very good the stock trades at 11 times this years earnings with plus 3 yield people say every stock is expensive, thats a buy. How about city grociti Group Brought back 54 million shares purchased below the tangible book value of 67 64. They are going to keep doing it. This is 163 billion bank with a threeyear plan to return 62 billion to you meanwhile, they know how to execute. City had a great efficiency ratio what they make and the headline numbers were fantastic. Best of all, stock trades at 9. 3 times 2. 5 yield buy. Then there is Goldman Sachs, my alma mater has a habit of crushing ex member tapectation e earning side gold mans revenues were better driven by unexpected strength in Investment Banking and equities. Goldman sachs stock is held by sales but with the company focused on building up the reoccurring revenue, thats much less of a problem. I think the stock is way too cheap trading at 9. 4 times and 65 of the numbers the book value is 203. The best for last, buy all right. Bank of america was small beat but a beat nonetheless some of this company is just it reminds me of a 24 7 atm profit spinner the best Digital Banking business 35. 7 million a quarter of all sales come from digital. Half from mobile a third applications came from digital. These are insane numbers they indicate its not just one but older people embracing it. Thats huge and a great way to keep cost down and Digital Banking can cause less than person to person banking and bank of america has a massive buy back trading 4. 5 times who can blame them buy. When it comes to major banks, the only questionable quarter is the troubled wells fargo that cant get the efficiency ratio down enough. Put it all together and the banks have reported amazing numbers. If you dont buy the stocks, they will buy their shares hand over fist in the open market ive never seen it so sound and executives with Interest Rates coming down which isnt going to hurt their ability to make money. Does it it doesnt seem to matter thats why j. P. Morgan, citi group, Goldman Sachs and bank of america are buys especially what looks like int you should be mad your neighbor always wants to hang out. And you should be mad your smart fridge is unnecessarily complicated. Weakness stick with cramer. Weakness their tools make trading quicker and simpler. So you can take on the markets with confidence. Dont get mad. Get e trade and start trading today. We are in industrial hell but consumer heaven. There is always a bull market somewhere and i promise to find it here for you on mad money. Im jim cramer and ill see you tomorrow and her daughter. You know why im here, babe. It is 100 for you. I love the connection that you two have. Announcer and this single mom will do anything. No deal. No deal. Announcer to help her achieve her dreams. The million is still there. Yes, yes, yes. Announcer tonight these three powerful women. I have ran 15 half marathons. She is a starting point guard at one of the athletic powerhouses in the entire country. At 62, i became a pro bikini model. [cheers and applause] announcer will face their toughest opponent. You think youre gonna win