Our first reaction is to express grief and condolences to the families involved. I noticed when the market was down not that much at all. Amazing how a plane crash a zillion miles away creates a buying opportunity. It was inconsistent with how the market works. Its too rash and glib. I expected the market to be down sharply this very morning because last night president obama announced his tougher sanctions against russia for meddling in ukraine. The s p futures were down big this early morning. Ahead of the opening. That seemed reasonable because of the new level of uncertainty. Things were ratcheted up. When the averages initially failed to get hammered because there was so much positive news flow, i was surprised. Russia, not as important as china, obviously, can still impact the stock market for more than 24 hours as we see things play out. In other words, we whistled past a piece of negative geopolitical news as though it were totally isolated and didnt mean that at all. When we got horrific news about the plane crash it created a greater level of uncertainty that drove money from stocks into safe havens, including u. S. Treasury bonds. We dont know the genesis of the horrific incident. Close observers know ive often talked about different kinds of buying opportunity caused by geopolitical events. Saying that in the end, they dont impact pricetoearnings ratio of the vast panoply of stocks. Ive been doing this show so long you know the short hand. What does such and such event have to do with the price ratio of bristolmeyers. That was the heartless way i did speak in the 14 years i was at the hedge fund i created. The instant reaction i saw on twitter, that is a different way of thinking. One you need to avoid. Difference between my bristol admonition is there was not yet an opportunity. The market last barely down when the twitter person posted his note. Surely there are reasons for a moderate selloff in this crash in a contested area of the world is one of them. Im not trying to be insensitive. I dont want to confuse human life with money or minimize the tragedy of this event. I want to point out the bristolmeyers theorem you heard is not ready to play out. It wasnt in the action up to the event reported. Even at the end of the day, the market was barely down with the dow falling less than 1 . Keep that in mind. Our averages have gone so high 161 point decline on the dow went into near 17,000 is next to nothing. The twitter in question tried to call a buying opportunity when the market was only down about 0. 25 . My theorem doesnt kick out until we are down a couple percent. A stock market isnt on sale when the dow is down 40, points in an alltime high. You dont want to call anything a buying opportunity until we have clarity about the headlines. We know little about how this crash occurred. 5 45 p. M. Last night the president of the United States put harsh sanctions on the russians, much harsher than European Countries . Was it a bomb, a missile . Who fired it . We were too glib about those sanctions when the market barely went down. Buyers were way too glib to take action before the circumstances of the plane situation. Maybe well learn this was less foul play and more terrible mistake. Can we find out if it was . A zillio in miles away isnt something that can be easily dismissed. We need some degree of certainty to be bold enough to buy stocks on the weakness. I didnt get that much certainty, did you . Plus we are heading into a summer weekend where investors will have a huge incentive to take profits because they will be worried something might happen over the weekend. When you consider the possible Chain Reaction that might emerge when we discover this was shot down by russia, whether by mistake or not, why not wait before you do any buying . Especially because the middle east is breaking out into violence as we found out tonight that Israeli Ground troops have been ordered to invade gaza if the potential ceasefire failed. Another Crucial Point my buy the selloff only works when there is nothing that impacts earnings per share. Something did happen today that impacts earnings, Interest Rates plummeted. You have to put it in context. Until today, the best acting stocks of the earning season were financials. Theyve been the leaders. One of the major reasons why is many buyers believe rates head higher, not lower. That was the overwhelming consensus among the Money Managers that represented trillions of dollars in capital yesterday. Higher rates mean higher profits for the banks. Hottest group in the market. Today that underpinning vanished with the plane crash. We lost that profit with the sad news. Weve got to wait to see what happens. We need a bigger price break before we take action. I believe people will assess these situations over several days and during that period, the inclination will be to take profits, not buy for the vast majority of stocks. Some stocks have good earnings. Theyll go up. We had some today that go up. We are going to talk to two of them. In the past, we had a big selloff, emphasis on big because of terrible overseas incident that while horrific does not impact earnings. When we have a terrible event after the market had a huge run and we dont know what caused that event and the market is down, can we at least have a decline . More than a percent in the dow . Thats especially true with a sad incident like this one that does impact earnings in a major Group Pushing bond Prices Higher and Interest Rates lower. There is no hurry. Particularly when we could have been down on the president s sanctions and the worry about the gaza strip situation with the latter fears seeming justified. Once again, our hearts go out to the families of loved ones on that plane whether the crash was an accident, an act of war or terrorism. I dont want to mix up money or peoples lives. Many of you do want to know what to do with your money. I cant shy away from doing my job. I say wait. Dont be overanxious. I think a better moment to buy stocks awaits. Patience is warranted. Russell in new york, please. Caller booyah, jim, from buffalo, new york. How you doing . How you doing. Caller all right. Im not speaking for myself when i say you are gods gift to the home gamer investor. I sure try. Days like today, i hope im good enough. Go ahead. Caller i would like to know what you think about yelp . Do you think it will get back to 100 . Interesting question. The fed chief talked about social media stocks overextended in value . Yelp is a Great Company with a franchise that is very expensive. If it comes down, another company will want to buy it. Otherwise it has to work its way back, particularly because it dont make money. Its in the growth phase and right now the market likes companies that have a lot of profits. How about frank in colorado . Caller booyah, jim to you and the crew for all that you do. We have a great crew. Great crew takes care of me on tough days like today. Caller Natural Resources and casablanca and they are duking it out in a proxy fight. Cliffs provided a statement about what it will do and i can find little about what casablanca wants to do. The problem is i dont know in the end its an ironore company. Iron is not doing well. This is not like aluminum which is doing well. Not like a couple of the commodities we look at periodically, beef, chicken that are doing well. I dont really know what casablanca can do. If you like the minerals, i suggest you go with valet. You might have a brazilian election that could go in your favor in the fall. Right now just wait. For knew my thoughts are with those affected by increasing turmoil overseas. Mad money tonight, ageold patterns used to predict whats ahead for wall street are out of whack. Discouraging. Why and what it means for your money. Retail got off to a rough start. If we stop being daytoday, some of these beatendown stores can be the best bargains. Plus not every stock was in the red. I found two stocks that actually went higher today. Stick 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. Miss something . Head to madmoney. Cnbc. Com. The cadillac summer collection is here. During the cadillac summers best event, lease this 2014 ats for around 299 a month and make this the summer of style. Oh i knew i forgot something. Ill just do it now. Well, were boarding. No, ill use citi mobile. Takes two seconds, better safe than sorry right . Yeah who knows if well even get service on the islands . What no service . Seriously . No electricity, were going to make our own candles, were going to churn our own butter. Oh, we lost one. Cant leave a bag unattended. Bank from almost anywhere with the citi mobile app. To learn more visit citi. Com easierbanking why is this business so hard . You know why . I think there are vicious cross currents everywhere that make good Old Fashioned fundamental security analysis extremely difficult right now to profit from. We all know the one obvious reason. Interest rate distortion. We have to wonder why rates, the principle competition to equities remains so low despite an improved economy. Of course, some of that has to do with the horrific incident in ukraine. That brings out buyers of treasury seeking safety. They were out in abundance. Some of it stems from the Federal Reserve which is keeping rates down to have sustainable Economic Growth that puts a lot of people to work before it then goes to the next cycle that raises rates. Even as we have multiple inputs that show some very good Economic Growth right now. Yesterday was a really great piece we did delivering alpha. Stanley druckenmiller. Known this man 25 years. He is a keen observer of rates. He noted that anomaly at delivering el fachlt he is pointing out considering all the strong news of late, including the recent employment reports and industrial figures, it seems like the fed is well behind the curve by keeping rates down. Either way, low rates force money into equities, perhaps even when it is unwarranted or when you think its not going to go there thats part of the difficult nature of this market. Some of the cross currents have to do with Shareholder Activism taking up some of the worst stocks. Lately the worst stocks have a tendency to become the best stocks when activists step in and turn up the heat. As we note from microsoft today. After underperforming for years is a spectacular performer, in part because of a boardroom shakeup and activist added. In some of the newer, more obvious cross currents, they come from hostile takeovers. Think of valiant for allergan. Its been ages since weve seen these hostile takeovers that move stocks more than we thought they would. Im not talking about these particular seismic events. I want to address the more difficult anomalies. The patterns we normally take our cue from here. Got messed up. For example, today we had a housing start number down right anemic. It was miserable. You put your hat on and say thinking cap, i got it. Who gets hurt most when we have such weak housing numbers . The building suppliers. Who are they . Id say obvious one, how about the paint makers . Typically then you want to bet against the paint makers. Two paint Companies Reported today. One well talk to pbg. While the overall market took a tumble because of Russia Ukraine tensions, they were among todays best performers. Whats going on here . Could it be consolidation in the industry . Excellent execution . Both . The old macro, meaning looking at the world to micro, looking at specific Company Patterns arent holding up. Then theres autos. We are getting incredible sales numbers. Why not buy the biggest Car Dealership Company out there, autonation . How about because autonation is investing so much money into its business it dinged earnings. Thats what we heard this morning. Its not supposed to happen, but it did. Stock dropped five points. 8 . We witnessed a remarkable insurgence in transports as oil climbed higher. Again, thrown for a loop. Transports arent supposed to go up when oil is rallying. How about today when oil spiked off the problems with russia. What stocks got hit the hardest . The domestic oils which have the most to gain from russian turmoils. How about yum brands . Today the stock was crushed. Why . How about the other two legs of the stool that normally placid pizza hut and taco bell . China was really strong. The historical pattern again simply didnt hold up. Im not trying to scare you away from the market. Thats a poor take away as this market has been rewarding for certain. As i search for why there is so much antipathy, why people dont like it at all even though until today it kept going higher, i come back and say aha most of what you learned about stocks isnt making you in i money. In the end, that can be incredibly discouraging. I understand why you might feel disgusted with this market even if its been incredibly lucrative for those who forget the nearterm noise and focus on buying Great American companies being sure they are doing okay through homework and holding on through thick and, like today, very thin. Corey in new york. Caller hey, jim, booyah, how are you . I dont know. Im trying to make sense of things. Some of these days are too difficult. Caller i hear you, man. I had a question about tesla and their new model 3. I was wondering if you thought it was a good longterm decision . I think the problem with tesla, and i know people are saying, jim, you are punting when do you this. I dont care. There are a couple of stocks in the market i regard as cold stocks. Tesla is one of them. Amazon is another. These are stocks that, frankly, defy traditional earnings in sales analysis. That does than mean you cant like them. It does mean im not going to recommend them at this level. I cant come up with an actual reason. Amazon may be on a news basis. Tesla . I know people buy it because they love the darn car. Sure this market is getting difficult. The patterns are messed up right now. You know what . Its still one of the most rewarding markets. Still more mad money. Retailers have been put through the wringer this year. Time to turn your problems onto profit. Shares of snapple being snapped up today despite this market. Time to put their tools in your belt . A stock that could give you a fresh coat of green. Stay with cramer. In a market thats within striking distance of its alltime highs it can be difficult to find genuine high value stocks. There are a number of retailers performing down right awful of late. We need to look at this not as a reason to get bearish, but an opportunity. Every now and then its worth taking a step back and looking at the market, not as a trader but longterm investor. Best way is viewing stocks with the lens of private equity firms. These leverage buyout artists are searching for companies with underperforming stocks that could easily be turned around. Only if they had the chance to step out from under the spotlight of the Public Markets with its intense focus on beating short term quarterly expectations and instead focus on healeding their wounds and recovering in a more methodical longerterm manual. Private equity guys dont invest like sprinters. They invest like marathon runners. They are searching for companies they can stick with through the whole race. Retail offers tremendous opportunities for these private equity firms. Just in case any of you think this is a bad way onto vest, just look at the fantastic numbers reported by blackstone this morning. Blackstone is a big Asset Management firm. More than anything else, these guys are about the private equity business. Their longterm approach has once again led to one more terrific quarter. Like i said, i think retail offers excellent opportunities if you think like a private equity manager. Dont just take my word for it. Consider sycamore, the voracious buyout machine chomping at the bit to acquire quality retail brands that seem all but washed up with the hope these businesses can be turned around over time. Sycamore has a long track record buying out of favor retail brands like hot topic and talbots. They took jones Group Private in december and attempt to do the same thing with express. Even companies that despised by the stock market can be worth something to the private equity player. Jones fell down to 9 prior to catching sycamores 15 bid in december, a huge gain. Makes us want to survey the whole retail landscape to find more of these situations. As you can say, we are jonesing for the next jones. After sycamore took this ailing retailer private for very hefty premium, they acted swiftly to cut costs, sell off franchisees to raise money while keeping anne klein and nine west. Where the Public Markets merely saw withering business, the lbl masters at sycamore saw an opportunity. They replaced the ceo, sold off brands and injected some cash, jones Group Already looks a heck of a lot more attractive than it did the beginning of the year when it barely had a pulse. I wish we could invest in jones group alongside sycamore, but they own it all. How about what sycamore is doing with express that dropped from 25 in december to below 13 over the following six months. Sycamore swooped in taking 9. 9 stake telling the board its interested acquiring the whole company. Stock shot up 20 and a deal appears imminent. While express appeared to be a little more than a loser, when you look at it through lblcolored lenses, you see a company that can be turned around to become much more profitable. Plus there are things simply easier to do as a privatelyheld company like shutting down underperforming stores, weaning customers off excessive promotions which involve taking that shortterm hit for longerterm gains that the market tends not to approve of, but if its private you cant even tell. I believe sycamore can pull off a turnaround here. Given express rebounded in a major way since we learned someone with deep pockets was interested taking it private, i wouldnt be a buyer with the stock at these levels. Their upside is capped. However, we can draw conclusions from what sycamore has done with jones group and express, not to mention blackstones excellent earnings. The most important take away . Retailers with wellknown brands and underperforming stocks are leveraged buyout bait. These private equity firms are flush with cash. The way they make money for their investors doing deal after deal. While they can be patient, they can buy something or wont put up competitive returns even though someone will take the money back. Which retailers could be the next leveraged buyout targets . First chicos with a stock that dropped more than 20 the First Six Months of the year. Since then has begun to rebound based on rumors it could be taken private. I think the rumors are well founded. Chicos delivered hideous earnings, this company has an attractive longerterm story. They have white house black market, soma, boston profit. The last five years they made extensive Infrastructure Investments upgrading its i. T. Capabilities. Its one of the strongest merchants out there. Much of the recent weaknesses are selfinflicted choosing a lousy assortment for the spring season. The market is what have you done for me lately . With all the longtoerm growth drivers, a private equity firm could pay 21 per share for the company. That is an attractive 29 premium where the stock is now. And still be able to generate an internal rate of return more than 20 . I could say the same thing for another onceloved darling, dsw. The chain that sells brandname shoes at bargain base prices. Stock down 38 yeartodate, one of the worst performers out there. I think it got hit because of transient fashion and weatherrelated issues, not a structural problem with its business model. The womans Footwear Market peaked three years ago. We could be approaching a bottom. All of the bad news i think was baked onto dsw stock, almost overall because the market got tough today. There were hideous sales decline caused by the awful weather this winter. Dsw is paying you to wait. It has a healthy 2 yield and sitting on 6 net share cash. The company will turn itself around with or without a leveraged buyout. Theres a lot a private equity firm can do. If they are smart one will make a bid while the stock is down in the 20s. Broken stocks of intact Retail Companies are looking like attractive leverage buyout candidates. When you think like a private equity firm, put that hat on, some of the biggest losers of 2014 like chicos and dsw start looking like very attractive buys. They have the ability to turn things around longer term. If they dont start turning, i bet some private equity players will step in and do it for them. Theres still more mad money ahead. One of the top brands in your tool box put together a great quarter. Time to get your hands dirty with snapon . Will something put a wrench in its growth . And your calls and lightning round are just ahead. First, we want to keep you updated on the developing situation overseas. Heres Tyler Matheson. Thank you very much. Good evening, everyone. Im Tyler Matheson with this special news update. At this hour, thousands of israeli troops are conducting a ground assault in the gaza, sharply escalating a tense ten days in the region. Prime minister Benjamin Netanyahu says the aim is to destroy weapons and rockets hamas has been amassing, as well as tunnels burrowed under the border. Reporters say there is heavy artillery fire from Ground Troops and Israeli Naval vessels off the coast. Israeli cabinet has drafted 18,000 reservists. The other major story, investigators are combing through the wreckage of malaisian air flight 17. The boeing 777 traveling from amsterdam to cokuala lumpur was shot down. They are using satellite images to determine whether the missile was launched by separatists in ukraine or russian forces. All 295 onboard were killed. Both stories sent stocks tumbling today. Cnbc will have a special report at the top of the hour. Michelle cruisa cabrera will join me and i hope you will, too. A cabrera will join me and i hope you will, too. R cabr me and i hope you will, too. U c me and i hope you will, too. S cn me and i hope you will, too. O c join me and i hope you will, too. 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Call and for drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch to Liberty Mutual insurance and you could save up to 423 dollars. Call Liberty Mutual for a free quote today at see Car Insurance in a whole new light. Liberty mutual insurance. The thing about this market is that longterm winners have a tendency to keep winning even on the bad days. Take snapon incorporated, the maker of premium hand tool and power tools that they sell mainly to auto repair shops via 3,500 odd advance in the United States alone, also Power Generation clients here and in europe. Snapon has been a horse. A stock marching steadily higher for the past 2 1 2 years. Consider snapon rallied 7 since which last spoke to the ceo this past april. 32. 5 return with dividends since we checked in with the ceo one year ago. The stock posted a 90 return since they got behind it two years ago. This is a testament to the power of execution. Snapon terrific management keeps delivering. Today was no different. This morning snapon reported another excellent quarter. 12 cents earnings off the 1. 68 basis with higher than expected revenues that rose 8. 2 . Management giving a bullish forecast for the full year. Hence why the stock on a horrendous day jumped 4. 83 or 4 . Lets take a closer look with the chairman, president and ceo of snapon. Hear more about the latest stellar quarter and where the company is headed. Welcome back to mad money. Im pleased to speak with you. I saw something that jumped out at me, organic growth. For repair systems and information. How does a many, many years, ageold business get that organic growth . Its simply this. The repair challenge is changing constantly in a garage. Cars keep changing. One thing youve got to ask yourself about snapon is an interesting question. One of our big product lines, we make diagnostics, but one of our big product lines is hand tools. We guarantee them for life. Why is it we have a business . The reason is cars keep changing and people need different tools to deal with this. I was on a van the other day in california. A couple of young technicians get on the van and say we have five or six ratchets. We need the lowprofile one that allows us to get inside the mercedes engine compartment. Technology is changing. The considers, computers are getting bigger and bigger. Engine codes on a car in 1995 were 50. Now theres 5,000. We have the best data base that tell you how to deal with those engine codes. It reads the engine codes, tells you what the car is saying, allows you to put it through its paces and what to do to fix it. One of the things funny in the Conference Call, you talked about how you were at the drag race, the nhra drag race and someone asked about the competition. You didnt know who the competition is. Thats right. I certainly know the competition but our people dont reference the competition. They are talking about how much we can improve themselves. Of course you want to be vigilant. Theres always disruptive things. Andy gros said only the paranoid survive. As a market leader, you want to keep pushing and pushing to make it better. Thats what we try to do. Its reflected the way our customers see us. What are you going to come out with next . One thing did you come out with was something that sounds like the internet of all things. Its industrial not just personal computers, prolink ultraheavy truck diagnostic. This is adding earnings per share. Right. One thing about snapon, you said we are doing well in execution. I believe we are. We have snapon Value Creation that improves every day. One thing people dont understand, this is a business with great brand, great capabilities that can reach so many more customers. The commercial and industrial sector, rolling the snapon brand out of the garage into oil and gas, aerospace and into the heavy truck garage where no one was done diagnostics. The diagnostics of a heavy truck is much more complicated. It brings together a whole number of subsystems from different manufacturers. Understanding the data to look through the Computer System in that potpourri of equipment is something we can do. With ultra, its faster, smarter and easier to use than anything else but has a better data base. It will read the code, allow you to see the trucks heart beat and then it will tell you exactly what the prescribed fix is. Thats just early days in diagnostic for heavy truck. I think we are on the cutting edge. Thats why a stock like yours can go up on a bad day. Thats what matters to viewers who want to own Great AmericanCompanies Like you. Nick pinchuk, thank you for coming on mad money. Good to talk with you. Back after the break. Over 20 million kids everyday in our country lack access to healthy food. For the first time American Kids are slated to live a shorter life span than their parents. Its a problem that we can turn around and change. Revolution foods is a company we started to provide access to healthy, affordable, kidinspired, chefcrafted food. We looked at what are the aspects of food that will help set up kids for success . Making sure foods are made with high Quality Ingredients and prepared fresh everyday. Our collaboration with citi has helped us really accelerate the expansion of our business in terms of how many communities we can serve. Working with citi has also helped to fuel our innovation process and the speed at which we can bring new products into the grocery stores. We are employing 1,000 people across 27 urban areas and today, serve over 1 million meals a week. Until every kid has built those lifelong eating habits, well keep working. [ male announcer ] if you cant stand the heat, get off the test track. Get the mercedesbenz youve been burning for at the summer event, going on now at your authorized mercedesbenz dealer. But hurry, offers end july 31st. Share your summer moments in your mercedesbenz with us. Offers end july 31st. In a 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. It is time for the lightning round. Thats about rapid fire calls where they tell me a stock and i say buy, buy, buy or sell, sell, sell. We play until this sound and the lightning round is over. Are you ready, skeedaddy . We start with joseph in michigan. Caller booyah, jim. How are you, joseph . Caller good. How are you . Im very good. How can i help . Id like to ask you about directv, jim. To me, directv is kind of done. I think its a terrific situation that might have made you money. Ring the register and move on. Well find the next directv. Jeff from my home state of new jersey. Caller thanks for taking my call. Absolutely. Caller i own stock in tumble navigation. Lately its been heading south . Trimble is like garmin without the extra bells and whistles including a decent dividend. You should actually im not a big fan of trimible. Its done. If someone wants to kelme why im wrong, id love that. Robert in florida. Caller big booyah from tallahassee, florida. Say hello to the espys. Caller navigator holdings. I like that stock. Thats liquefied natural gas. Another contract tonight. You are in a sweet spot. Hold on to that. Evans in new jersey. Caller booyah, jim. I love your book. Thank you. Caller chesapeake energy. Chesapeakes okay. Theres a lot of others better. If i want a natural gas plan, i would tell you conoco. Thats coming back down. I lookic that one. John in pennsylvania. John. Caller greetings from montgomery county, pennsylvania. Caller the county of my birth. Caller new York Community back. For a while youve been confirmed about the safety of their dividends. End of 2012 their earnings were share was 1. 13. It went down to 1. 08. I am thinking it might go lower based on what i read and the report for the end of the first quarter. One quarter does not a year make. There are so many High Quality Bank stocks. You look at wells fargo which is down 3 from when it reported. Go with high quality. I vastly prefer that to nycb alex in washington. Caller one question about retail me not. It isnt expensive, but ive got to do more work on sale. It is on sale and ive got to find out why. Let me do a reordering of some of these recent internet plays in light of some things janet yellen said. Jill in pennsylvania. Caller hi, jim. Today was a terrible day, but i need your opinion on sun corp. I like sun corp. Great energy situation. Im a longterm bill on energy. S suncor is good. Im not going to tell anybody to sell countsuncor. Linda in florida. Caller yahoo. A couple of days ago the ceo announced one half of the expected 6 billion in proceeds from yahoo sales would be given back to shareholders. Despite this potential windfall, yahoo stock dropped. I went through the Conference Call and was disappointed. Its not a growth stock. It has a piece of a company that is a growth stock. Its not going to offer it all in the ipo. I now feel like others you want to buy the stock cheaper than it is right now the company is not delivering. Anthony in illinois, please. Caller god bless you, mr. Cramer. Could he tul me about British Petroleum . British petroleum caught up with russia. We dont know about the situation. Its very inexpensive and has done a lot of good things. It is most levered to russia that ideal with. Therefore, ive got to drop back and see how things shake out. That, ladies and gentlemen, is the conclusion of the a lot of inning round. [ male announcer ] what if a Small Company became big business overnight . Like, really big. Then expanded . Or their new product tanked . Or not . What if they embrace new technology instead . Imagine a companys future with the future of trading. Company profile. A Research Tool on thinkorswim. From td ameritrade. He cadillac summer thinkorswim. Collection is here. During the cadillac summers best event, lease this all new 2014 cts for around 459 a month or purchase with 0 apr and make this the summer of style. What do we do with longtime cramer favppg . Its a speciality Chemical Company, one of my 21 bankable ceos from get rich carefully. When every Chemical Company under the sun is trying to be less commodityfocused and more propriety, ppg is well ahead of the game. Having sold its commodity business and bulking up on chemical speciality exposure including some brilliant acquisitions. Ppg recorded one terrific quarter today. This stock climbed 1. 91 finishing only a few points away from its alltime high because of stellar sales from europe, where businesses grew at a 28 clip. Just one more excellent quarter from a company i regard as one of the most dependable industrials on earth. What is my definition of dependable . How about a stock up 33 over the last 12 months and up 400 with reinvested dividends since five years ago. Can this keep marching higher . Lets check in with the bankable chairman and ceo of ppg. Welcome back to mad money. Thank you, jim. Great to be back. Chuck, when i saw this quote, excellent earnings contribution from europe reminded me of another era. How did that come to pass . You know, weve been talking about the European Market together for the last couple of years. We saw signs of improvement toward the end of last year. First quarter was better. Even though the volume is still modest in terms of growth, we are putting a lot of that to work on the bottom line so we had good sales growth, but very nice earnings growth. We feel better about the European Market. Lets, so our viewers understand, you are a longterm player in europe. When you have disturbing news like we got in ukraine, russia, with the president ial sanctions last night and then the horrific plane crash, does that mean that ppg, which is a longterm player has to think, lets not get too big into europe or is it just, you know what . These incidents happen and europe is a big continent. Weve got to be there. Its more the latter. We have a broad participation in europe. Biggest concentration of our sales are in western europe. We have a very small position in russia, less than 1 of our Company Sales are in russia. Those are primarily exported. We feel good about the overall European Market. Obviously, this is a very disturbing and tragic events in russia. We feel though that the underlying Economic Trends have been favorable and we would look for that to continue, although, again, the growth rates if europe have been quite modest, but they are recovering. Lets talk about this amazing acquisition in a country that, part of a country im really fond of in terms of growth, which is mexico. This makes your company even more international. What percentage of your company is now United States and what is outside of the United States . Well, we are now almost 60 of our sales are outside of north america. That will increase with the comex acquisition in mexico. It is part of nafta. We are excited about it. It is an Excellent Company with leading tradition in architectural coatings. A market we dont participate in. We have a leading position in the automotive oem business thats growing nicely. This will widen our participation, give us good scale opportunities, and mexico is a market that i believe is growing and is going to be a force both in consumer markets as well as a growing industrial presence. One of the things i saw in your Conference Call i thought was important, a lot of people feel paint is a commodity. You are making the case not only is paint growing, but your shares are growing because of technology in paint. Yes. For us, coatings in all markets is always a speciality market, it is not a commodity market. There is real innovation, Real Technology development. Always a high service component. Coatings are an important value added for all of our customers. We feel, especially in High Technology markets Like Aerospace or automotive oem that we have been bringing a lot of Technical Innovation to bring new value, better corrosion protection, better consumer colors for exteriors, so we can add a lot of value for a very low cost benefit. We think we are a technology and innovationdriven company. It really does work. Thats why i tell people, you hear about the kind of basic plain vanilla things they make and they are not plain vanilla, which is why youve done such an outstanding job. Chuck bunch, chairman and ceo of ppg. Thank you, sir, for being on the show. Outstanding quarter from ppg. This is an Amazing Company that just keeps delivering and a lot of it is because the man you just saw is so bankable, chuck bunch. Stay with cramer. Trying to bring you the news about stocks. Google did report a good quarter. It showed very good growth and showed expense control. That stock has been trading up after hours. Sky works solution. Once again, i think patience will be rewarded. There is no reason you have to take any particular action on any given day until prices come down to the point where we can say, you know what . I sense theres real value here. Otherwise, patience. Like to say there is always a bull market somewhere. Promise to find it just for you. Im jim cramer. See you tomorrow. International crises come to a head after weeks of rocket attacks against israel, the countrys Ground Forces strike back. Punching in the gaza as we speak they are on the move. The other big story of the day, a missile slamming into a Malaysia Airways ukraine border, all 295 aboard killed. The big question now, who did it. Both stories hitting the stock market hard. The dow down 161 points, the nasdaq falling by 62