Treatment. Today was one of those days. At the open the averages soared 1. 5 tonal selloff viciously for the rest of the session. Dow closing down 27 and s p declining. Nasdaq dipping as well. It was a brutal ugly and irrational move. Dow was down 400 from where it opened. First off accept the fact this is a different type of market than we have become used to. The averages higher in general, all the way up to this level. It has been a healthy advance. During that period individual stocks or segments would guyerate and there were days stocks would switch directions rare ones switched directions midsession. But only if Something Big or bad or fabulous happened overseas or in washington. One thing was certain. We would almost never have both ectasay and agony happening without anything serious happen to make a switch from one mood to another. Today we saw some extreme bipo layerity. We begin the twice weekly sessions along with a cocktail of medication juries mood stabilizers and antidepressants. Or to put it another way, what we had today was the stock equivalent of a double feature. First movie, a laugh riot and everyone made out like bandits. The second movie, a tragedy. Spoiler alert, the knifewielding bear slashes the throat of the bull and lives unhappily ever after. What got us going higher in the first place . Europe was strong off a growing sense the continent is strong because of lower gasoline prices. It did not thaurt germany is running a balanced budget. Lend me sugar, i am your neighbor. Oil, which at 3 fm 30 a. M. Was down a buck and a half and spent the rest of the morning rallying giving relief to the beleaguered oil companies. Remember big time hedge funds get bullish when they see oil stability. Go figure. In the last few days we have been buffeted by serious negative earnings news. Disappointing numbers from tiffanies. We call the stocks down. Didnt help that we learned yesterday that American Airlines seemed to get hit by a slowdown in traffic at the end of the year. Today we woke to good news sunshine. Alcoa, amazon and apple. Alcoa put in a good quarter. The once negative analysts buying into the spin on aerospace, auto turbine. How about apple. Upgrade to a buy on the strength of their iphone sales suggesting apple can return a ton of cash to shareholders while earning ten bucks per share. It would be a bargain 11 times next years earnings. Suddenly we forgot about the woes. The market went gaga for all things pc and cell phone related. Amazon was upgraded to buy. I dont see that. This one was always in the eyes of the beholder. A lot of the stocks were swept up in a tsunami of buy orders including tesla. Wherever you turn i was watch g watching you have to fill your gas tank several times before it dawnsow. I guess what happens at tiffanies stays at tiffanies. Southwest airlines said things were pretty strong. What happens at American Airlines stays at American Airlines and we hear positive chatter about the biotech and next thing you know oil is rallying and dow opens up 280 points. I turned to my partner and issed are we really up that much. It seemed too slim to open that high. Turns out it was. The market had a bit of an intermission between full length feature films and the second began with alcoa, amazon and apple replaced with chucky jason and Freddie Krueger with some red rum, red rum sprinkled on top. Then we got a report from k. B. Holmes. Boy it looked good. I always tell you to not trust the headlines. They said unfortunately we experienced a softening demand in some of the markets as the quarter progressed with increased pricing pressure and at the same time we faced cost pressure. Well with that they put that little ray of sunshine out there stock closed down 16 . Whoops there goes everything housing, including costco. What is amazing, Goldman Sachs downgraded. First the market ignored the negative and the stock advanced. Next thing you know it is down two bucks. Just like that. We heard the germans want to fight anything inflationary and want all countries to have balanced budgets. Outcasts. Then the ceo that eviscerated gilead by making a deal for a hepatitis c pill told analysts he is not done Getting Better prices for his customers. The only way to do that is to hammer the drug companies. They nosedived. Sure enough every biotech was knifed by jason and chain sawed by freddie. I started to think these Biotech Companies were not speak at the jpmorgan conference in san francisco. They were in colorados overlook hotel. Thanks, lloyd. Here is johnny swing an ax at them. Bad to be back, lloyd. Movies have a habit of ending. The market pulled off a bit of a comeback. But it has gone from forwhat happened yesterday. Tesla said china is weak. That is a fitting prelude to tomorrows opening. We are now in a traders market. You can find stocks you like and examine them once a week so you do not have to be served up to Hannibal Lecter or you can take advantage of the volatility, sell stocks when we open big and buy some back when we get hammered. If the morning does not know what the afternoon is doing and the closing bell looks like neither, we have a ton of work to do until we find much needed stability. Bob in delaware bob. Good evening. I am looking at lynn energy. Keep looking. Dont buy. Any upside has been taken by a private equity firm. Joe in indiana. Joe. Hey. Reason i am calling is in regard to canadian solar. It has current earnings per share of three to three and a half times that of sun power. Right. Canadian solar trades for under seven times earnings. Sun power is over 30. To me that seems kind of crazy. What do you think . You know i dont like to argue with the market on a shortterm basis. That solar stock is helpless right now. We are not going to do it. I need to go to kevin in my home state of pennsylvania. Kevin. How is it going, jim . I dont know. Maybe it is erratic. What is going on with you . I want to say booyah from myself. I understand how important lacrosse is. Go ahead. I wanted to ask how important is the can we expect any large increase in apple volatility in upcoming weeks . I think that people want to trade apple. They trade it like a banshee, take it up and down. Forget about it. I am not in it for the apple watch. Consistent earnings per share by a Great Management Team that is doing the right thing and will develop a good watch. That is enough for my. We are in a different market than we are used to. Find stocks you like and examine them once a week or take advantage of daily volatility until we see muchneeded stability. A company that has its hand in nearly every industry from your phone to your home and car. You will find out. I will ask the ceo how he can take his stock higher. Great leadership is a gamechanger. I am highlighting the leaders you should follow in the market and a name you never heard of that is up over 50 in just the past week. My weeklong series biotech, the next generation continues. Stick with cramer. You can find a new frontier. Theres nothing stopping you and a lot helping you. Technology thats with you always. This is our promise. Its never been better to wander because wherever you go, youll find us doing everything we can, so you can. [container door opening] what makes it an suv is what you can get into it. [container door closing] what makes it an nx is what you can get out of it. Introducing the firstever lexus nx turbo and hybrid. Once you go beyond utility theres no going back. Last week las vegas hosted the annual Consumer Electronics show. If you have ever been there , like i have you know it is a mecca for all Things Technology and gadget related. If you want the inside scoop you need to talk to a company that has its hands in a host of gizmos. We are talking to the second largest Electronic Manufacturing Service in the world and a company i addor. They are a leader with a gigantic stock buyback. Businesses want to use them to make everything from medical, Auto Consumer technology smartphones, printers computers, Wearable Electronics to telco and networking gear giving them a rare perspective on the Consumer Electronics show. They said there was a flood of exhibits with many unconnected Industries Like auto and maybe like your body getting in on the connectivity thing. We have to check in with the ceo of flextronics. Have a seat sir. Hello, jim. I would go to ces, okay. Interesting. Maybe a better printer. Looks like we are on the cusp for having information about our body and being able to use that dead time we have in the cars. Tell us what blew you away. Thanks for having me here. I appreciate it. The thing that blew my mind is the amount of connectivity and the amount of Technology Going into cars. Not just that the automobile ended up dominating a lot of the ces, it turns out they dominated Consumer Electronics. It is about bringing Consumer Technology into the car. There is a huge trend for convergence of technology that is really interesting. Driver unless order to make it work . Can i get distracted if i am driving or is this the passenger . I think they are all go to win. You know they embedded computers in cars like in 25 million cars today. In five years it will be 130 million cars. Once that happens you start to get the connectivity. Automobiles are talking to each other. You reduce accidents. It is estimated over 200 billion of annual savings will occur once this connectivity occurs. Then you goat driverless cars. Think when you are driving to work in the morning, the most productive moment and you are sitting in a car for an hour and doing the same thing back. You are giving us a couple of hours of our lives back . That is it. It will be safer. The elimination of the scrap in the automobile system. Bumps, debts, accidents and even people. You know we can make people safer. I think there will be a huge amount of value associated with that interconnectivity. It is interest to see the consumer and automobile come together. One thing we see at flex because we are in so many industries, the center point of being able to see Consumer Technology and Automotive Technologies and how they integrate. I have my physical coming up. I get the blood taken and samples of this. The first 20 minutes will be reading stuff. Will i ever be able to just give him a disk of me so we can cut to the matter . It will be faster than that. You will get the data directly off of your device of some sort. Maybe an iwatch or Something Like that . That will give you Blood Pressure and heart rate. Guys are working on interfacing into the tissue right now and being able to send electronic signals into the body to read things like diabetes. Think about the value of having a realtime Management System for diabetes. You know it is one out of nine Health Care Dollars we have today. There are 350 Million People worldwide that have it. Think about Realtime Data of a disease that needs realtime management. It wont be on a disk. It will be through your smartphone to the cloud and to the doctors. The doctor could be in a lot of places. Have you a great longterm view but you like to give money back to the shareholders and petitioned the government buy more stock. We incorporated in singapore. They have rules about 10 buybacks and we tried to get it to 20. You are a man of great conviction in an industry that is the most exciting industry around. Thank you for coming in. You have to always visit us after ces particularly. Symbol is flex inexpensive stock with a lot of exciting things happening. Stay with us. Coming up innovations in science are changing the future of medicine and making big waves in the market. Tonight a little known stock that doubled in the past month. Cramer reveals it and finds out if there is more room to won when our weeklong series biotech, the next generation, continues. Some ceos are bankable. They can be counted on to deliver excellent results. They are like great football coaches. Urban meyer at ohio state or pete carroll of the seahawks or Bill Belichick with the new england patriots. You would not recognize National College football champion ohio state if the buckeyes were not run by urban meyer. As much as i like richard sherman, signed autographed and Russell Wilson and marshawn lynch, it is pete carroll that made the seahawks great. Sure tom brady is the best in the game but it is ruled by the ironfisted belichick. Coaches make these teams the phenomenal franchises they are. I know and you know that investing with a ceo that can be compared to the coaching greats. Managed to rally nicely despite the vicious roller coaster ride. Consider disney. The stock hit an alltime high up from 69 a little less than a year ago and did so because of his stewardship. He is way too humble and a total team guy. Let me do it for him. I remember when disney was an inconsistently run entity. It was run by executives that are barely worth mentioning. So i wont. He has built a company around key brands whether they are marvel or pixar or featured players of star wars by making movies and rides from well recognized franchises he limited his risk and have given shareholders massive upside. When i was watching the College Championship i realized how brilliant he is. If i chose not to pay for espn i wouldnt have been able to see the game. It wasnt on a network. I wouldnt have seen the thrilling games leading up to it or hear the announcers. I couldnt do fantasy football without the espn nfl countdown gang. I cant cut that cord. That is why i tell you to give your kids shares of disney for the holidays. They can learn about the stock market and profit from it too. I feel the same way about the ceo of bob was handed a company with only one viable franchise. It is a blood cancer treatment. He has since broadened blockbusters for all sorts of cancers. Expanding on it and most important he invested billions of the excess cash into companies that have tremendous promise. Both hurvegs u hug. Cris n and. Cris ger, i dont know if i would want to own either stock without the gentleman at the helm. Let me give you the bottom line here in this suddenly volatile market, i think it is fortunate single out those that can be banked on regardless of where the roller coaster takes you. Bob iger from disney and bob hugin, congratulations for taking your Company Stocks to alltime highs today. You deserve the accolades. You deserve them. Steve from new jersey. From new jersey. Right around the block. We slaughtered you in girls soccer. I purchased yahoo at 39 and apple at 109 and alibabba at 110. Should i concentrate on one of these or is it okay to keep all three . Turbo charge. You have all of the other things yahoo has got. Apple is a total other entity. It is like 11 times earnings if you use the numbers we saw today. I bless apple and i prefer apple and yahoo. I think yahoo will be really good this year. Adam in georgia. Adam. Yes, sir. What is going on jim . Not much. How about you . I am go to get a job at home depot. I was at the store the other day and they told me they just started delivering. I am like i have a great question for jim. Okay. How will that affect the stock . It has been amazing. They have spent a lot of money on it. Without putting up a lot of new stores they have generated a lot of revenue growth. Rich in nevada. Rich. Thank you for taking my call. Of course. Let me say i am a 73yearold man. About a year ago i decided to play the market. I thought that i can make some money. Okay. My life savings, i am down to practicically nothing right now. I only have two stocks left. The one i am most concerned about is facebook. Okay. Facebook it is not a speculative stock. But it is a stock that is volatile prone to sharp moves and not necessarily for the squeamish. We have a real big gain in it. When it is up three or four i think why dont we just but i think facebook will own the world. There is notice other company that does what facebook does. Management matters. Some congratulations, gentleman. There is much more mad money ahead including a biotech stock you never heard of. Doesnt mean you should buy it. It does mean you should talk to the ceo or listen to her. And the one thing besides oil that can shock the market. I will help you to get prepared. All of your calls are ahead in the lightning round. Stay with cramer. Right now we are dealing with not one but two staggering big picture Macro Economic trends. The first is the plummeting price of oil. The second is nearly as important. Smld say more important. I am talking about the recent nosedive in Interest Rates. In a rally in u. S. Treasure prices. Remember how bonds work. When the price goes up the yield goes down and vice versa. Lately money from all over the world has been flooding into u. S. Treasuries. They pour it into u. S. Dollars and bonds because we have the strongest economy on earth. It has put enormous pressure on Interest Rates. How long can it last . How much lower can the longterm Interest Rates go . Tonight we are going off the charts to get an answer with the question. Karlie is a brilliant technician. She is the author of a traders first book on commodities as well as my colleague who writes with me at realmoney. Com. If you look at what people were saying a year ago many analysts predicted treasuries would be one of the biggest dogs of 2014. Yet precisely the opposite turned out to be true and the performance crushed many prognosticator and hedge fund managers. As 2015 unfolds the experts pulled a 180 reversal. It assumes lower treasury yields and higher bond prices. When you look what happened overseas you can understand why that is the new conventional wisdom. Europe is an absolute mess. Many have bonds with much lower yields. Why would anyone want to own a piece of paper from spain when you get a better return from u. S. Treasuries with a lot less risk . Just as some were too bearish in 2014 garner thinks they may be too bullish in 2015 because we have such a strong economy. When the economy gets stronger think about it the stock market is not far from record highs. And it looks like the Federal Reserve is on track to slowly raise their target sometime later this year. So far the lack of Wage Inflation gave the fed chief the flexibility. Garner thinks we are likely to see higher rates, very contrary and lower bond prices across the board since yield ss that were set in 2012. I remember i said below 2 . They laughed at me. I can count on one hand the people that predicted that. Garner believes u. S. Treasuries overreacted to the upside and the long rally in bond prices can be coming to an end. Look at this weekly chart of the 20plus year treasury. The tlt. Remember that. The best way to track the price of treasuries. When garner looks at the chart it makes her feel u. S. Treasuries are dramatically overbought meaning they come up too fast and could be headed for a decline. It goes higher when the economy is in dire straits and not when we post terrific job growth. Lately the tlt rallied. Its peak in 2012 get this unemployment was 2 higher s p 500, lower and they were buying bonds left and right to stimulate business formation. Now we are back to the 2012 levels despite the fact the economy is in much better shape. The fed is likely to raise shortterm rates later this year. They should listen to me and sell the bonds right here and take a big win before what garner says comes true. Garner sees the tlt facing resistance at more than 2 where it is currently trading. When you look at the rsi, an important momentum indicator, you can see that it recently spiked above 70 for only the fifth time since 2008. The last four time its happened the rally quickly fizzled and prices came back down pretty rapidly. The ssto measures whether securities are overbought or oversold shows the tlt reaching overheated, overbought levels in excess of 80. Longterm treasury prices havent been this overextended since the midil of 2012. Just like the rsi every time they reached these overbought level in the past it has had a large correction in the tlt and she thinks the risk is growing. Garner can see the tlt falling back to the floor of support at 122 or perhaps even 110. All right. Lets do other work and look at the monthly chart. The monthly chart of the tlt. For garner the picture tells a similar story. The longterm treasury etf seems to be massively overbought and the relative strength indicator have only been this lofty twice before in the past decade. Garner points out the treasury market karved out significant and rather violent, keep that word in mind tops. That is exactly what we saw in 2008 when it peaked and then fell 30 decline. This is not 2008. U. S. Treasuries are never at the same overbought levels as back then. Okay . Garner says tlt could spike to 139 before it gives up the ghost. She doesnt expect that to happen but cant rule out the possibility of a temporary spike and sees the tlt headed to 110 which would send bond yields soaring higher and longterm garner wouldnt be surprised if it is back to what we call par or 100. That would be a huge move. However more than anything else she believes the fate of u. S. Treasuries may be in the hands of the currency market. Now we have to take a look at this weekly chart of the dollar index. This measures the strength of the greenback. Remember, the strength of the bonds has a lot to do with the weakness of other countries and currencies. The moment the dollar and future contract of the 30year is incredibly high. 87 . That tells her as the dollar goes so go governmentbacked securities. While the dollar has been rallying spectacularly as of late it could be due for a substantial pullback both the rsi, once again relative strength indicator are extreme overbought levels. Over 70. Okay. And each time they reached those levels garden believe this is time will be no different. Greenback goes down and it will take the Treasury Bonds with it. Sara eisen thinks maybe it can happen my friend from the morning show. But this is looking like a top. Here is the bottom line. If the chart as interpreted are right we could see a quick bump and major decline in the dollar and the price of u. S. Treasuries translating into significant decline in Interest Rates. Not many are expected or prepared for. Mad money is back in a minute. It is time. It is time for the lightning round. Lightning surround over. Are you ready . Time for the lightning round. I am going to start with matt in california. Matt. Jim is now the time to back the truck up on Kinder Morgan kmi . Should you pick kmi because you are go to get 5 yield. Yes. But there are a lot of people deadset against all mlps. Lets go to bob in california. Bob. Hi jim. Thanks for taking my call and thanks for all of the good information you provide to individual investors. Following your recommendations is one of the reason my place of residence is designated by an address and not a license plate. Jim, i am calling because i notice that the chairman and the ceo both sold a significant portion of their shares. I am wondering why with such a full and promising pipelines insiders would do that. Is there anything to be concerned about . I dont know. I saw some insiders selling. I am not aware they sold a lot of stock. What i care about is the pipeline which i think is very good. It had a bad reversal today. It was up and reversed down. Typically what happens is the stock has to do some work. I tell you, if you want to jump in tomorrow you can wait and probably get a lower price. I am saying patience. Patience. The stock has been a rocket ship. Samantha in maryland. Samantha. Hey, jim. I want a shout out to my business teacher, mr. Marx. Hi. Good shout out. Hey. We are looking at valero. No. We are not crazy about the refiners here. We dont know what the margins will look like. It came. It went. It was terrific. Lets go to joe in new york. Joe. Hi jim. This is joe from new york. Nice what is happening . I own kraft foods at 57 and want to know if i should buy more, sell or hold . I like kraft. I like some of the things they are working on to get their margins up. If you like income kraft is the better one. Tom i. I am in Westchester County booyah to you. My family and including my nephew. I want to hear your thoughts on uri. It is an oil business not an oil business itself but it has one. I think it wont be a worry. But anything oil or oil related is being shot. Patience. Lets go to chuck in california. Chuck. Yes. I am in sunny Northern California jim. I want your opinion on orion bernstein, i understand it is paying 7 dividend. You know i have to do work. I want to make sure that 7 is sustainable. I know, to me it is on suspect watch no matter how good it is. We are go to do work. Jams in atlanta. James. Jimmy, i want to know i have mastercard symbol ma shi buy more of it . You, me and a. J. It does look like it is rolling over. I would like a bigger position. Yes. Stick with cramer all this week we are following the big Jpmorgan MorganHealth Care Conference highlighting one of the hottest sectors around biotech, the next generation. As a group they trounced the s p for the last four years. Four years straight. Tonight i want to look at the smallcap Biotech Company that a stock that doubled over the last month. Halo for all of you home gamers. It is focussed on using human enzymes. An area outside your body cells that provide structural support for your tissue. It creates a Drug Delivery platform everything from fluids to small molecules to antibodies. The company partnered up with a number of big players. In a deal announced a month ago it is worth more than 580 million. They got fda approval for a treatment with primary immunodeficiency. It has its own products too. It allows for faster administration of therapies that are typically given intra vain usually. Plus the company is developing a pancreatic cansir treatment. Lets take a closer look with the president and ceo of halozyne therapeutics. Welcome. Thank you. You have an incredible pedigree. When i see what you are saying about the pancreatic cancer drug given your background this has real promise. Jim, it is a key reason i joined halozyme. It attacks a sugar that accumulates around some cancers and prevents Cancer Therapies gaining access. We can reduce the amount of that sugar and increase the delivery of the Cancer Therapies. That is all in animal models and now we can take the product into the clinic and generate exciting Clinical Data too. I want to ask you about that. One of the things that i saw is that if you have a fatal disease which pancreatic was a death sentence how do you recruit people into a study . You know it is really the physicians out in the community, always looking to advance the cure. When they talk to patients sadly most patients are pretty advanced already. These experimental drugs give them hope. We know with the currently available therapies, the average time people will survive is six to eight months. There is great interest in intelligenting and finding new ways to advance a cure. It is one of the hard toast treat today. You have a Drug Delivery platform jansen. They did a deal with. This alone seems like a representative of a reason why you should own halozyme. Were you intrigued by that . This is a very big deal you announced. Yes. We just signed a deal. Milestones of up to 560 million and that adds to partnerships we already had. It is really just the beginning. With these partnerships we get milestones, we get royalties and we are able to help patients by taking drugs they previously have to have inside their veins in a hospital now they can get them at home or clinic over a much shorter period of time. I am very excited about that as well. One of the things we learned is unfortunately a hospital is a place where a lot of people go who die who shouldnt die. Does this get them out of the hospital faster . It is exactly what you described that is causing a lot of the superbugs to be contracted. I certainly think it is a potential. I will give an example. One was just approved last year combining our technology and instead of having to go to the hospital for an infusion every month or injecting themselves 12 to 20 times patients can now, at home get their entire month of therapy in one setting. That keeps that patient out of the hospital. One last question. I know that onyx wanted to be independent and it was frankly too attractive. I know a lot of people thought they paid too much but they didnt. How much of your day is just to be able to say to these companies that want to do partnerships, listen i want to partner so we can get the royalties to develop our own drugs and how much of it is just when we are on the cusp someone wants to buy the whole company . It is really the former jim. Our model is that we are using our partnerships and the royalties and milestones we get from that to fund our exciting pipeline. We believe we have potential in pancreatic cancer and we are hope to talk to the food and Drug Administration with moving forward with the trial. But we are also starting studies in lung cancer. There are a number of tumors when patients have the sugar that can be creating the problems and we want to test our drug in as many cancers as possible to see if we can help with that. You have a very exciting company. I appreciate you think on the show. Great to meet you. Great to meet you. Thanks for the invitation. That is the president and ceo of halozyme therapeutics. Boy is it ever exciting. Stay with us. Now to the bell. Tesla, yeah. One of those cold stocks. You know i am not crazy about tesla but beauty is in the eye of the stockholder. Right here on mad money. I am jim cramer. I will see you tomorrow. Male narrator in the culinary world, there are always innovators with new ideas and products, but turning a dream into a reality requires money lots of it. Now theyll have a chance to get both funding and guidance from two of the industrys heaviest hitters. Joe bastianich owns 30 restaurants and coowns eataly a highend italian market. Tim love is a celebrity chef with five awardwinning restaurants and a retail empire. Theyre both looking for the next food visionary, and theyre willing to put their money where their mouth is. Each week, joe and tim will give Just One Team 7,500 and 36 hours to turn this empty space into their dream restaurant. Then theyll open the doors to the public. Its really good. I really like it. Narrator if one or both think theres serious profit to be made. Flavor of that is awesome. Narrator theyll offer to ba