Ran out of ammo, no more stock left to sell the buyers ran right back in dow surging 440 points, s p pulled 2. 01 nasdaq soaring 2. 71 so how do we explain this incredible rebound as the averages gave up gains after trading . Its easy enough to argue things are better than we think and thats definitely a part of it not the whole thing. It doesnt explain the broad base of the rally. We had a dramatic decline in tech late last week and yesterday and the same stocks roared higher today. No surprise. Last night i told you the sell offs tend to last three days and tech bounces back. Thats exactly what happened what shocked me, though, the incredible buying in the industrial industrials, retailers and railroads. The last being really surprising in other words, we had a rally in both the covid stocks and recovery stocks when nearly everything goes up, youll hear people its the fed or people betting ochon a stimulus package those explanations miss the mark how do we figure out the driver . First, lets go over what we know for sure. There is a Semi Conductor company. You may not know it. Its name is qurvo with a ton of exposure to wifi, the enter anytime of things and smart phones, 5 g. Last night in a quiet moment the people werent thinking about qurov with better than expected numbers and the portfolio was broad that it caused a ton of positive pin action. Strike what comes to mind well, think the other cell phone chip makers that have been the leaders of this market sky works solutions, nxp how about qualcomm we know them as the king of cell phones think about the industrial chip makers and Texas Instruments and Analog Devices telling a good story. You can extrapolate two cramer favs amd and invidia the latter is also in the conversation, and its not because its just a dog. Those are the two most semi important Semi Conductor company in the market if you ask me, not to mention broad com they had the misfortune of reporting when it wasnt around. These are action alerts names. Thats a 5 g play and that delivered a huge quarter that fell through the cracks during the sell off i wasnt here. I was busy in the tomato plants. What can i do . I got locked out of the house. The pin action doesnt stop here you have to consider the end markets. If quarvo is moving lots of chips, cant we presume cell phones around the world must be in good shape . Bearish analysts have mauled apple. They have been all over it with sales and not as good as it used to be. Guess what wait until you wake up tomorrow and youll see so many people bull and apple because quarvo gave it a reason to rebound. Two analysts gave it a stand ad adobe before reports next week two, two analysts pounding the table . Just days before the quarter i call that a green light. Adobe is about digitalization. If you think they will have a good quarter, you can buy service now. You can buy sales force and shopify. Third thing we know, Morgan Stanley published an enlightening piece about microsoft titled solid returns in times of uncertainty. It was a big call where they predicted the dividend boost normally nobody would give dividend boost wait a second, were not in normal time. Were getting dividend suspensions left and right so possible hike from one of the Largest Companies on earth is reassuring makes you feel like some of the tech stocks might not be too expensive. Put it together. We had a very good reason for a huge swath of tech to rally and at that point, it takes up the whole sec tar. A sector now big enough to take up, yes, the whole market. People start circling back to ones that report tremendous quarters that people said something must be wrong because the stocks went down but there wasnt im talking about things like zoom and crowd strike. This morning i had a conversation with david on squawk on the street and said zoom stock is down 30 thats something i can buy there is a little laughter back and forth but zoom rallies 38 points simply too big a discount for something that took the economy by storm crowd strike and cybersecurity business is on fire because remote work makes businesses much easier to hack. They are the one and two biggest beats of the entire year so far. Speaking of last nights show. We heard from the cfo of twitter. I dont know why people didnt Pay Attention to it. He said business held up during the month of august and the number of user kps ploid ers ex. Good news for facebook, snap, pin try pinterest. The final nail in the coffin came from the business section, tech stocks lead nosedive that said maybe these big name tech stocks ran up too far too fast making them dangerous to own when you see a sell off on a prominent part, that tells you frankly its a little counter n intuitive but maybe the move ran its course you dont need the paper telling you the records are dangerous after they experienced the fastest 10 decline in history the tech sellers exhausted themselves from the last three sessions they did indeed have, seemed like not enough stock left to sell and allowed buyers to take over without too much fear the tech rally is easy to get your head around this isnt just a tech rally we had fabulous moves in the industrials and retailers. I couldnt find a soul who could explain why caterpillar soared to a new high today. Energy doing badly in china and energy is light. Beats me maybe an upgrade tomorrow. The rails were insane today. Why . We got research fedex could be the numbers and real strength in china. Mainly, i think the market was predicting a positive catalyst for the rails and thats what we got after the close. When we learned that Kansas City Southern shot down a 20 billion takeover bid from a group of private equity firms home depot, lowes, costco, target, covid cases seem to be plummeting back to many months ago level as a huge chunk of the state is on fire Interest Rates remain low. I can do that. D. R. Horton is on good news but maybe high quality news had a great labor day weekend. Clearly the market is anticipating Something Real because r. H. Just reported a blowout. We will talk to that ceo on tomorrows mad money in the stock soaring after the close. Honestly, it is frustrating after so many years of being in this business to see many winners without being able to pin down exactly what is driving them we have plenty of people betting big the economy will come back big. But we all have just as many people that think covi did, is ma making a comeback. The main take away the s p 500 got hit with a tremendous amount of selling and whoever did that stopped. Maybe were dealing with a scared hedge fund. Tons of those. How about a firm margined to the hilton and imploded. Once the selling stops, the buyers did what theyve been doing for months sometimes the only legitimate explanation for what is happening is there is no more stock to go. You cant pin the tail on every donkey often it comes to sellers being exhausted or big Money Managers that need to lock in gains or a big buyer getting cashiered. Perhaps soft bank rumored to purchase, once that bet was unwound, the selling pressure vanished maybe it doesnt matter. Here is the bottom line. Tomorrow expect the apple bulls to resurface, the zoom accolades to speak up and Semi Conductors to raise numbers the Restoration Hardware to boost numbers and the ksu chatter bingo. Sooner or later well figure out what is driving the retailers and the railroads, i think what i just said. We might get an explanation for the puzzling run in caterpillar. Until then, though, we dont really know what this rebound is made of or if it has staying power. Now lets just see what awaits us s suzette in illinois. Caller booyah how are you today . Good, good, thank you for calling. What is going on caller i have a question about slack. I have been hearing about it for the past year and i just bought some shares last week. The drop since then, do you think i should hold on or let it go well, i didnt like the quarter. They did talk about how there were actual macro issues, there are people being laid off. There are people who not as Many Companies buying as new seats in slack. I couldnt come up with a thesis why to own it, frankly i dont have a thesis. Lets go to brandon in new jersey, brandon. Caller booyah, jim. Booyah caller owning your stocks going into the annual tomorrow, they cut their treadmill by 1800, three exercises spinning. They will end up selling the trade that will open the flood gates for everyone and probably going to revise the s 1 estimates. I think all those things are true it would not surprise me if the stock went up even more. My issue, of course, were not early to peloton but i think all the things you said will come true weve done a lot of work more work than ive done lets go to adam in new york, adam jimmy chill, how are you doing . The chill man is in the house. Whats going on . Caller love it got a question about a stock that ipoed this year recently ran up 2990 pretty quick. I bought some at 57 and then again yesterday at 47. Took a little bump today the stock is lemonade. What do you think . We like that company. We did a major takeout on it saying there are ways to be able to a very alga rhythm insurance company. Why not . Everything else is digtized. I would never call them lemonade are they owned by conagra . Its frustrating to see so many winners without being able to pin the tail on what is doing it nobody knew, if i didnt know, nobody did maybe we find out more reasons tomorrow lets see if it has staying power. How is the beauty business changing due to the pandemic im talking to ultas ceo to find out and september is getting off to a rough start but a september to remember this time around. Im going off the charts to find out and if today was the day the market stabilized, why did shares lag behind the tech group . Ill talk to the ceo so stay with cramer. Announcer dont miss a second of mad money. Follow jimcramer on twitter have a question, email to madmoney cnbc. Com or 800743cnbc miss something head to madmoney. Cnbc. Com. Incomparable design makes it beautiful. Stateoftheart Technology Makes it brilliant. The visionary lexus nx. Lease the 2020 nx 300 for 339 a month for 36 months. Experience amazing at your lexus dealer. Experience amazing the big events are back. Xfinity is your home for the return of live sports. Were at a crossroads here if you think we can return to normalcy without covid getting out of control, you need exposure to the regular economy plays. I dont know whether or not we can pull that off, which is why im always recommending a barbell portfolio, some stay at home stocks and some recovering names. We spent a lot of time on the stay at home winners but what about the return to normalcy winners . Look at aulta beauty. They reported a massive earnings beat they doubled from the marge lows the stock is down roughly 70 from the february highs because you dont need a lot of makeup when youre stuck inside but if you can go out again, thats a different story lets check in with the bankable ceo to get a clear read on the quarter and how her company is handling this very volatile period welcome back to mad money. Hey, thank you. Thanks for having me back, jim. I got to tell you, i was fooling around today i was doing some skin analysis i dropped 205 because it was the coolest app and i didnt have to talk to anybody or be embarrassed im a guy or whatever you have a rocking. Com. A rocking digital experience it looks like its pulling its weight here. Yeah, well, thank you for trying it out. Im very proud of the fact that on ulta. Com and the app you can tap into the tool that sounds like a great experience with we launched this prepandemic, but ill tell you ill really glad were investing in digital. This uses a combination of a. R. And a. I. To make personalized recommendations and there you go. Its funny. I have to wear as mask everywhere and im proud of that i have the same skin i had when i was 14 i have pimples i have different two tone and the skin analysis did do everything and i want to tell you that this is what we all need millions of people Wearing Masks and youre afraid to go to a store. I thought this was better than a real person talking to me. Im sorry, thats how i felt. There is no substitute for the real human experience, as well im really happy you tried to skin analysis tool this is about the future of retail for ulta is the center for the physical, emotional you sound emotional with what you described. I know when the stores open, you have people that are passionate and they do need people who can guide them because makeup is not inexpensive and you have to look your best. Do you find there isnt you talked about this on the Conference Call. There is not a lot of places to go, mary sometimes i feel like i want to look good for myself. Well, here is what we learned during the time that people have been working from home more than before certainly, skin care routines, people had a lot of time like you to discover and try new products and expand on rituals but most of us if we work from home are on video all the time, which i think actually requires for many of us to try to pull ourselves together and look our best and so while certainly were Wearing Masks a lot, you see a lot of innovation happening on looks around eyes and lashes and eye shadow. There is a ripple as well as skin care, i said skin care but free fragrance and bath. Your friend from estee lauder, you have to stop calling it the selfie generation its the zoom generation we dont look that good on zoom. If i went to an ulta store and said i look terrible on zoom, could they help me im sure we could help you both on our app as well as in stores its a combination of your hair, your makeup, if you wear it as well as your lighting. We can help you with that. You did furlough a lot of people and brought a lot of people back. You closed some stores that were under performers youve always been very rigorous about that that is nothing new. Whats it like when people come in you have a salon i know business is okay. But im not sure i would i havent gotten my haircut by someone other than myself since the pandemic are people feeling comfortable now having an ultra Beauty Specialist help them yeah, we worked really hard to have our Shopping Experience be as safe as possible so, you know, we had to close our stores but weve been open since july, and were seeing people come back our total demand i talked about this on the call, im pleased about the signals im seeing certainly, it took time for stores to ramp up but in the last month or so, weve only been down mid single digit that doesnt sound great to say down but thats better than we thought it could be at this point but were cautious what the second half of the year looks like guests are coming back making fewer trips but spending more on a trip and certainly using our capabilities online, curb side pickup, buy online and pick up in store folks are coming back and using service, our hair and Brow Services are available people are very booked were excited to have folks back but were using really great safety procedures to make sure this is safe and mask wearing is where its at. How are the sales youve got ten more days left of your special that everyone loves. I saw some 50 off of some mac names that are expensive are people coming to it as they used to or is it even bigger yeah, well, this is our 21 days of beauty event thats loved by beauty enthusiasts all over the country its happening now its something thats a beauty event. My daughter said look, i dont need to go to sephoria an i appealed to her shes a vegan. Ulta figured out what vegans want, this is a big push for you. We know our guests know about choices they make and categories and health and wellness and values we have announced a lunch of conscious beauty at ulta beauty and certified brands across five key pillars. The idea is to make it simple to navigate, educate, simply because not one size fits all. Some folks care about clean ingredients, some care about vegan ingredients. Were working with partners. Weve been selling plenty of clean brands for some period of time but this helps to make it easier. One last question, the old days we thought about the lipstick index people in a recession tend to buy more lipstick but in an era of masks, what should we think about . A moisturizer index . What should we switch to masks versus skin masks skin care we came into the year knowing this would be an important event and its proven to be more important 80 of beauty entheusiasts ed have time. Were the leaders in makeup and if youre on a video call outside with a mask on, you have opportunities to highlight your eyes, your brows, your personality. Whether its those things as well as taking a nice luxurious bath which folks have more time to do. I got to tell you, its how you feel well about yourself thats what you have to do, men and women alike. Your company is making a serious comeback like every company nonessential had to close and i think that the website is just unbelievable mary dillon, ceo of aulta beaut. Appreciate it. Of course. Mad money is back after the break. We got no free pass. Everything we have, weve earned. The unmistakable lexus is. Get zero percent financing on the 2020 is 300. Experience amazing at your lexus dealer. Dont settle for silver 1 for diabetic dry skin 1 for psoriasis symptom relief and 1 for eczema symptom relief gold bond champion your skin find a stock basedtech. On your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Every curve, every innovation, every feeling. A product of mastery. Lease the 2020 es 350 for 359 a month for 36 months. Experience amazing at your lexus dealer. Historically speaking, september is not a great month for the stock market this year its off to a rough start until today. And today was pretty great after an incredible bull run we slammed head first into a concrete retaining wall last week and yesterday and the averages, the nasdaq getting put through the meat grinder the market seems to be stabilizing, what is coming up next at moments like these, i like to take out our emotions, just say listen, were going to handle this with a clear head panic is not a strategy. Unearned confidence is not a stro strategy we need a more quantitative approach we need help with the brilliant technician who is the founder of trading and author of a new book, trading commodity options with creativity and that just came out based on the recent action, garner is actually less than thrilled with this market. I was hoping she didnt feel this way but it emotionless. September is in line with seasonal patterns but shes noticed a few things to suggest we could be in for a bumpy ride. That doesnt mean repeat garner could easily imagine some short term upside in the s p 500 as it plays catchup with the nasdaq 100 but the higher the s p goes from here the more shes going to be worried. What makes her so concerned . Look at this monthly chart of the s p and nasdaq so far this year the nasdaq 100 outperformed the other major averages because its tech heavy index and the biggest winners are Technology Companies that enable the stay at home economy to thrive as we talk about that all the time didnt get hit as hard during the covid crash and came roaring back with a vengeance. It got pulverized and took longer for highs the black nasdaq and hanging in there and held back because it has banking in it and got the drugs that arent doing that well and yes, energy in general, it was more ordinarily initially on the way down but the s p is more ordinarily on the way up it broke down the december 2018 low in march as the nas held above the levels, remember that period boy. Once we got rolling it broke through the trend line dating back to 2017 this past yjuly they tested similar rezsilience and broke down factoring the performance over the past week, which is why garner thinks this market is dominated by momentum and fear of missing out. Short term the s p could have more room to play catchup as long as it continues to hold above the floor of support near 3280 like it did last night. Longer term shes less confident. Why . Why dont we seem in on the weekly chart of the nasdaq 100 okay when the nsa blew through the trend line this july, the relevance index for short, always put that at the bottom is important momentum it started diverging from the price action while the nasdaq 100 was surging, okay, to new highs, garner points out the rsi failed to make a new high. It should have gone up all right . Thats what a technician wanted to see that was the first time something is not quite right we showed an incredible run but vulnerable to a horrible correction, the one that started last week. Check out the weekly chart of the s p 500, which is really focused on thats a better gauge. Specifically these are the e mini s p 500 futures when you look at the s p, we see a more pronounced diverging. Peaked at 72 before the s p rolled over in february topping out at under 3400. Last week, though, the s p surged to nearly 3600, and the relative strength index again couldnt break out above 67. Remember, i told you that its got to go up to confirm. According to garner, this action the rsi is a sign of froth and you know many people felt we got very frothy last week. If you look back to 2018, the rsi climbed to 92 before it got hit with a brutal correction that was awful by september the index made up those losses but the rsi stood at 69. What happened . Fed chief jay powell decided to destroy the economy in order to save it from the threat of nonexi nonexisting inflation when they cant break out, thats a warning sign. It makes her wonder if were pulling forward gains we have to spend months digesting like we did in 2018 and 2019 we dont want to be on the Receiving Side of that all that said, garner believes the s p 500 has more room to run. As long as it holds at 3280, she thinks there is a 75 chance the s p will make another run at alltime highs that might be the last leg higher as the index has a significant ceiling of resistance near 3660 right here and another one at 3770. She doesnt think they can get through that maybe that last leg would be worth chasing. A lot of you want to get in there and get that i dont blame you. There is one problem what happens if the s p breaks down at 3280 we can see here on the chart . It almost did that last night. What happens if it makes a new high and fails to jump the hurdle at 3660 in that case garner expects a fast and furious correction. How low could it go . Her first downside target for the s p is around 3185 thats a pivotal level, by the way. Thats acted as the ceiling and floor of the past. Go to 3050 and then boom worst case 2750 on the other hand, the s p can surge to new highs, all right. 75 chance we can go higher and bus through the 3700 level like the koolaid man we would be looking at a much more bullish scenario taking us to 4,000. Garner thinks thats the very unlikely, at least not 2020. So in other words, she thinks this one is less likely right here than this one and thats what i care about. Bottom line, when you put it together, the charts by carly garner suggest you have to be more cautious. Garner is betting that the s p 500 could give one last gas followed by a sell off that would be par for the course for the hideous month of september and what it says to me is you dont want to be there if we go much higher. All right. Lets go to michael in georgia, please, michael. Caller hi, jim, this is a twopart question. Ive been wanting to start a position in octa do i buy now, if not, what others do you like in this space . First, we just had crowd strike on yesterday. That reported a remarkable quarter, second best beat after zoom and palo alto and been doing incredible things. Okta does Identity Management but it is the most expensive stock i follow followed by another one i follow you have to trade carefully. I think okta you can put in your stock. You can put some of it in okta but not all of it. David in kentucky, david caller hey, jim, this is david from kentucky. I need a bit of your expertise. Sure. Caller here is the deal. Ive been a buyer of nokia in june and july the stock was around 5. In august they had a better than expected Earnings Call and a new ceo. Every time for the past month, any time any good news has been released, the stocks went down like for the past month, its lost a dollar. Right. Caller that new exclusive deal with china for the grid theyve got 43 exclusive 5 g network deals and at t and tmobile in the united states. And the only thing they really had negative over the past month was actually yesterday which was the samsung deal with verizon but samsung ceo or somebody with samsung got busted with some shenanigans. David, david, that samsung deal with verizon was huge and i regarded that as a nail in the coffin for nokia that was amazing one of the reasons why i like marvel technology. You can see how well thats done thats a gauge of samsung. So ive got to say no to nokia i wish the stock would do a reverse split if it was at 40, believe me, very few people would buy it but at 4, too much traction gravitational pull by people who think hey, what can go wrong i want you to brace yourself the chart suggests were do for a savige sell off after we ink up here and the risk reward isnt that great what can i say much more mad money ahead with one of the most expensive stocks in the market. But they do make money and they got a lot of cash flow is it worth considering the company here ill talk with the ceo and why diversification is key when it comes to the upheaval in the market and why you shouldnt listen to Big Hedge Fund managers who dont suggest diversification as opposed to get out now. All your calls, rapid fire in tonights edition of the lightning round so stay with cramer stay restless with the icon that does the same. The rx, crafted by lexus. Lease the 2020 rx 350 for 409 a month for 36 months. Experience amazing at your lexus dealer. Experience amazing tmobiles new offer on iphone 11 pro is even better on our most powerful signal. Switch and get two new lines of unlimited for only 90 and 2 iphone 11 pros on us. Only at tmobile. 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. On a day the hard hit stocks are rebounding, a cloud that plummeted 6 to the lowest level since mid june its a Software Company that helps business identify cost saving and spending. They bill themselves as salesforce. Com last night the Company Reported a phenomenal quarter, nice revenue beat and massive earns and strong cash flow numbers thats what i like if the results were good and the stock pulled back hard, whats the matter coup raise the it. Im betting thats the case you buy it, under promise and over deliver since they can help businesses tighten belts in a difficult environment and care about making a profit. Dont take it from me. The chairman and ceo of Coup Software that published the second book. Welcome back to mad money. Great to be with you again, jim. Ive got to tell you, when i look over the number, you can find doubters there are analysts to me youre committed as ever to incredible growth, huge cash flow, profitability and not just about trying to shoot the lights out in revenue and lose as much as possible. Thats absolutely right look, jim, were really pleased with the quarter its another quarter of really record results across all the key met tricrics remeasure greater efficiency in terms of times and we cut that by a month being able to do implantations virtually. I think one of the most exciting things about the quarter is the pipeline and conversations that were having with our customers. You know, companies out there, im sure its no surprise, youre dealing with supply chain disruptions, dealing with supplier risk. Theyre wondering if the supplier is going to be in business tomorrow. Going from single sourcing to multi sourcing in a lot of key categories and renegotiating and reprioritizing and were at the epicenter trying to help them get into a Digital World of collaboration with suppliers so they can manage their business spending in more optimal ways. Lets talk about that youre really talking about something new i had not read about. Youre talking about community, not just out there looking at what one spender is doing. 1. 8 trillion has gone through you have the data. Nobody else has the data. Thats right. Nearly 2 trillion was spent running through the platform this is this book that i wrote about smarter together the concept is that none of us is as smart as all of us there is a massive amount of data there is a greater amount of willingness. The data is absorbed and consumed in record time and thats not only applicable in the Consumer World your viewers are familiar with google maps from point a to point b through Community Data implied data, contributed data helps you find the best route. The same applicability is happening in the Business World and were proud to lead the charge were helping our customers with Community Intelligence powered value on our platform. But one of the things i think people should understand and may think who is doing this, we used to talk many times about proctor and gamble you have a Conference Call sometimes we wonder how does amazon have the package . How does it get to you so fast they take advantage of your realtime visibility for the packing materials. Thats right. Not just amazon. Its companies from astrazeneca to bmw to barclays and capital one to barclays. Putting their arms around spending, digitalizing it, controlling it this is a huge market early days of bringing people to the Digital World. We spent a lot of time working and looking at commerce and labor data those are updated once a month i dont know how they get their data i got this business, coup business realtime that shows that things are Getting Better in the country. Thats right. We saw an uptick in retail we saw an up tyke tick in Finan Services and labor and different methods of rate and shipping since the pan dedemic it and started to rebound and saw significant decreases, greater than 50 decrease in the category of hospitality for example. Significant decreases in telecom because people work from home. I invite your viewers to go to spend. Index. Com. Its a real leading indicator to spend sentiment and it takes into account a lot of leading Interesting Data how long does it take to approve spend . Average spend per employee very powerful. If i were not government, i would rather use sheer data than i see. Its just not as up to date. I cant help in the last minute you made an acquisition. It was very separate it was kind of in an outfit. Youre integrating with this acre session a acquisition in one piece, isnt it when you go out to spend money, you dont want to leave your wallet at home if youre a consumer if you leave your wallet at home, you bring your phone and electronic payment you want cash on hand and access to funds that they are properly being managed. Were doing the same thing through businesses were helping them with treasury management, liquidity, all the things that are part and parcel of being a great cfo andenimanag companies. I very rarely issue a stock come in. It been one of the best performer. You get an opportunity, you cant start thinking why is it down i think what you say is this is an opportunity rob, ceo of coupa. Congratulations. Thank you so much. This is a Company Stock on sale and you can run from it or say, you know what if i want, as i said at the beginning of the show, something more speculative and something expensive, could be the neck sales force, think about Coupa Software mad money is back after the break. Incomparable design makes it beautiful. Stateoftheart Technology Makes it brilliant. The visionary lexus nx. Lease the 2020 nx 300 for 339 a month for 36 months. Experience amazing at your lexus dealer. Experience amazing i cant wiat to share at ts big 5g news. shouting through the glass at t has nationwide 5g . Yup and thats faster . Faster, yea but is it reliable . Ah huh and secure you should consider making a big deal about it bigger . I said bigger oh, bigbigger deal bigger than what im doing . Its not complicated. A 5g Network Needs a 5g device. Now everyone including existing customers can get a free Samsung Galaxy note20 after tradein. Everything we have, weve earned. The unmistakable lexus is. Get zero percent financing on the 2020 is 300. Experience amazing at your lexus dealer. It is time, it is time for the lightening round buy, buy, buy, sell, sell, sell and then the lightning round is over are you ready, ski daddy time for the lightening round. Ill start with diane in pennsylvania. Caller booyah from philadelphia. Okay. Caller im wondering with covid testing and Cancer Treatment and Pain Management why is sorrento struggling thpeople keep saying i love t since the cfo left, that was a call that was to say thats no different from any time that happens im like that. Thats because its paid off for me be careful jose in texas, jose . Caller jimmy chill booyah. Booyah whats up . Caller hey, how is it going . I got a question in regards to aci albertsons. Yes caller as you know, this is the second largest grocery chain in the country they have been reducing billions of dollars in debt month over month. They were around 270 increase in digital sales. Right. Caller typically Grocery Stores are a great defensive play during the downturn they can defer mortgage. Youre preaching to the choir. I said people should be buying the stock. So far, not right. So far, i am still willing to say im early. Not wrong. You and i are in agreement larry in florida, larry . Caller jimmy chill. Larry. Caller so, ive held a small position in this company for awhile and i enjoy the beverage. Considering the new found profitability and Significant Growth prospects, what are your long term thoughts on celius. The calorie burning beverages. Look, i got to do work on this why . Because too often we have been burned by supplements, by look at that any kind of herbalife is hard. Lets go to noah in alabama. Caller booyah, dr. Cramer firsttime caller here. Good for you. What is going on caller not much. My question is about a company that made my wife and is first home buying experience easy with Closing Costs and more rocket there was a guy razzing me on twitter but i was jimmy chill. I wasnt willing to call him a moron. I said it was a buy and the stock went to 29 i said okay, enough is enough. I havent looked since but it is a good company tom in texas, tom . Caller booyah, jimmy chill. Yo. Caller hey, thanks for all you do for us young investors. I think a lot of us will be lost without you. I want people to stay in. People say oh, hes tracking people he likes the split whatever no, i want my portfolio and willing to be able to make money big in our country how can i help you caller hey, im calling about lpsn. Weve been huge backers we dont understand, every time you call someone and dont get someone, its a live person. I was on the phone with a live person yesterday a live person beat as real bern any day of the week. Lets go to john in pennsylvania, john caller jimmy, booyah. Interesting name. Whats going on . Caller how are you doing i wanted to see what you thought about micron now. This is the only company that everybody hates. Its like the skunk in the party. I dont know what to say i would not sell that stock. That would be ridiculous i do like invidia better dont forget brr aroadcomm and thats the lightning round. Announcer the lightning round is sponsored by t. D. Ameritrade you run it by an expert, you talk about the risk and potential profit and loss. Couldve used that before i hired my interior decorator. Voila maybe a couple throw pillows would help. Get a strategy gut check from our trade desk. Every curve, every innovation, every feeling. A product of mastery. Lease the 2020 es 350 for 359 a month for 36 months. Experience amazing at your lexus dealer. Some experts say this market is a total bubble and the whole thing will end in tears. Others tell you to buy and hold because over the long haul, stocks only go up. Want to own the high flyers and wouldnt touch sleepy stocks over time. Frankly, i dont know. This moment is too uncertain thats okay. You dont need a crystal ball to manage your own money. You just need a diversified portfolio. There is a reason im always telling you that diversification is the only free lines people joke about as my nickname. We dont know the future at least as well as we would like you have to spread your money around different sectors that work in dernlt evifferent scenas we warn you this is the most dangerous time in history to invest after four different big shots. Weve seen newbies who got in near the bottom that argue you have to buy, buy, buy. They got a rude awakening. They are right back. To succeed in the business, here is something you need. Someone i got that, both the bulls and bears want you to go in if they just said be careful and stay diversified so what is diversification look like in the age of covid first and foremost, put money in the cheap index fund that should be your bedrock. I know people criticize me for being all over the map with stocks but what do i always say . Index fund after that, though, you can start your stock pick. Take it. Youre mad money use your mad money you have stocks from Different Industries that represent reasonable value i like bristol myers, Campbell Soup down cheap stock 3 yield and works with covid trading you can film a stock with a high call how about a high quality retail. Target, walmart, maybe industrial groupon is down on its luck but i bet it wont stay that way you can own it by the travel trust. Were buying that one aggressively you need to buy it on this year because it could be cheap based on the app years they might back in 2023, 2024, if everything goes right in other words, the bubble stocks, ones weve been fed through the wall street promotion machine or cheered on by the robinhood crowd yesterday for todays 11 rebound. Still, i think their business is here to stay same goes for crowd strike we had them on last night. Remarkable want something pulling back hard got slammed today. Missed quarter a lot ocho a lot of that weakness is because of the crowding problem. The thing about these stocks that seem expensive every now and then they turn out to be amazon or invid or shopify or sells force. That means their stocks end up looking a lot cheaper in retrospect looks like speculation turns out to be paid those are fine with me as you own one or two of those, remember the point of diversification, trying to spread the risk around finally, you need cash i love cash. If you dont have cash, if youre borrowing money to buy stocks, that is a recipe for disaster dont mess around with margin, please thats why you need cash get a buying opportunity to be able to act. Ive been telling you to take some off the table for weeks so that youll have ammunition to buy stocks in the weakness like we said to do yesterday in the cartable trust we go up big from here and youll hear me say again, time to lightening up thats my method perfect of course not. A lot less risky than the permbles i dont want to scare you or make you feel too confident. I want you to know what you own and i want you to stay diversified. We got no free pass. Everything we have, weve earned. The unmistakable lexus is. Get zero percent financing on the 2020 is 300. Experience amazing at your lexus dealer. Powerful thesis. Thats what i tell you to look for. One is the home, rh does a phenomenal number tonight. We have gary freiedman on tomorrow that means nvidia, amd these are big, big themes. Then we know that digital is a huge theme you heard from mary dillon people are advertising online, theyre not going to print these are the kind of things you should get behind when we go down like we did the last three days there is always a bull market somewhere. I promise to help you find it. Im jim cramer and ill see you tomorrow narrator its been 10 years since shark tank ignited americas entrepreneurial spirit, and we are still blazing a trail. For those who take their fate into their own hands by working hard. Who wants to get naked with the shower toga . Narrator . By thinking big. Simon zookies cookies are the most delicious treats you have ever had. And chasing their dreams. Woman introducing goat yoga. [ goat bleats ] oh, lord. What . Narrator and tonight, alli webb, the founder of the beauty powerhouse the drybar, joins the tank. From being in the hair industry for 20 years, i think theres a Good Business here. What are your sales . 40,000 in sales. Welcome to shark tank. We cannot keep products on the shelf. Im willing to make you an offer. No captions by vitac