Articles about how the twitter deal signaled the end of the bull run. Today, dow up. Nasdaq advanced. 01 . We saw the quintessential top calling piece on the front page of the wall street journal this morning. Stocks regain appeal. Investors return to stocks which could be bad. Bad. Put aside for a moment the hilarity of the could be bad sub head. Bad for what . For individuals . The bulls, bear, eagles, country . For now lets focus on what i call the time honoredness of the could be bad exercise. First, it is true. Market had a 24 advance this year. Stock market has been a good place to put your money since the bottom in march of 2009. Second, individual investors are definitely more interested in stocks. As the article points out, 76 billion put in stocks versus the dollars pulled out. Im not oblivious to the steaming hot nature of twitter. As i said last all week, everyone has the right to overpay as long as they accept consequences including the responsibility something could go wrong. Twitter could turn out like facebook, highly overrated stock. Became inexpensive and became tremendous earning power as the company got its act together. Facebook at 46. The pricing of the ipo looks less crazy. Morgan stanley said today this group should be taken down to a whole fourth. Polls way too optimistic. Too many bulls. There are four other times weve come into november up 24 and we finished the year higher. Sure id like to see fewer bulls. A few weeks of stories how president barack obama and congress hate each other. Well get that soon. That will do the trick. Talks of some sort begin, theyll fail. As weve seen over and over since the year of gridlock in 2011, youve got a calm right now. The averages advance and become giddy. Then theres a storm when the two parties in washington cant agree, start calling everybody names and try to agree whats best for the country. We pull back again until theres a bogus can kicking resolution. Its called government. Sorry, wall street journal, we will not buy into the notion its somehow bad now that the public started in investing in stocks again, putting back about one sixth of what they pulled out in 2012. Its not bad. To rely on figures is cliche. When you take away inflation you think some money has to come from stocks. Its no coincidence that this coincides with the roll over of hundreds of billions of cds done at five years ago. Its a scenario. These top calling stories pack a great great deal more punch when theyre backed up by actual evidence that the merchandise other than a red hot ipo or two is historically expensive. I wouldnt regard the s p 500 trading as expensive. Think about the Earnings Period we just went through. Think about it for a second. I said a vast majority of companies i follow reported numbers to raise your forecast. If you adjusted for wildcards you see the stocks are cheaper than the multiple would suggest. True. Last year the market multiple was lower, but for a good reason. Last year we were in the throes of fiscal cliff debate. The washington sequester sandwich over the horizon. Dont we have to justify this . There are plenty of companies coming public in real sectors of overvaluation especially biotech. Whenever we chastise people for being enthusiastic, we always have to come back to the four horse men of big pharma who are up. Trying to find someone that looks like winners makes sense on a day bio tech gets a take over bid on top of the santarus we caught bid friday. As far as the bubble in bonds, what do you expect . The fed created a world to advance higher. If you change the tax code, theyd start hiring to bring the money back from overseas. That would involve compromise in washington. Forget about it. Thats not allowed. There can be no compromise. Whats the other objections . Do you want banks of highly indebted ipo. Lets deal with the heart of the matter. Why it may still be early in the migration keeping money in stupid hardly safe low yielding instruments to put it in risk adjusted assets. How many professionals have you actually heard saying come on in . This is the real deal. This market is for real. How many pros have actually professed love for stocks and begged people to invest . I dont know of any. Warren buffett has done that although hes backed off as of late. Lets stipulate hes not trying to time the market. Most Money Managers i listened to have had one foot out the door the whole time. Theyve lived in fear of what the fed will do. They have been terrified of washington and tepid about stocks to say the least. They have faith in our president to do the wrong thing. They have forever fretted about a european or chinese collapse. The professionals have been bulls at best. They found real conviction, that would have me worried. I believe there will be squalls. Only to be resolved in a positive session and reaffirmed today. Last week we had another end of the world scare that took our breath and money away. This ridiculous idea that because regular investors are stirring after theyve been leaving stocks in droves for years is somehow bad. That joins the litany of Everything Else that weve heard is bad for stocks, even as we seem to climb the wall of worry. Heres the bottom line. I could read the stories and say thats it. Ive been positive since 2009. Im out. Im done. There are areas i want to avoid. To pull out everything now because individual investors are back even as theyre barely in town, i say its very disingenuous and downright demeaning to the individual investor. I say for now if you care about actually trying to make money, stocks remain the only game in town. I need to go to steve in missouri. Caller booyah jim from st. Louis, the home of the 11 time World Champion cardinals but sadly not this year. Yeah. Well, you know, okay. That happens. Caller long time listener. Bought your books, subscribe to action alerts. Appreciate it all. Thank you. Caller you mentioned ndls for home gamers in the past, went down sharply after earnings. What do you think of it now . Ive done a lot of work on noodles to see if this was top. 15 of business was related to flood related activity in colorado. Thank you ted graham coming up with that figure for me. My take away is do not despair. Noodles will be back. Danielle in kansas. Caller want to give a quick shout out to my family in missouri. Definitely. Caller my question, what do you think about discount retailers this Holiday Season and in particular ross stores. I was kicking myself. Ross Stores Trading 78. 50. I said to myself, how did i let that get away . How many times can you pound the table on one stock . I cant pound the table enough on ross stores. Nick in georgia. Caller jim, how are you . Good. I just moved to georgia now for retirement. I love georgia. Just love it. It is beautiful. All parts. Whats up . Caller american depository stock. I bought it at 10. Rode it up to 22. I held onto it. The company went out and then sold some of their own stock and dropped the stock to 16. 50 which i thought was a good buying opportunity. The stock pops every time they sell a system to a hospital. What do you think the stock is going . This is an iraeli company i do not follow closely. My friend Herb Greenberg who writes for the street told me be careful. I dont know about mazor robotics. Are there places to avoid . Yes. Are there opportunities . Yes. Is the individual coming back to the market . I hope so. Ill be with them and you every step of the way. Mad money will be right back. Coming up, flying high. Defense contractor has risen 50 this year. Will filling the need of soldiers and First Responders around the world help it climb higher . Cramer sits down with the ceo on this veterans day to find out. And later, name your own price. A more than 5000 increase has made price line one of the top performers in wall street. What makes it a hot ticket . Should you take a trip. Plus hunger games. Less than fresh report whole foods put the stock on sale and fuelled concerns the Healthy Eating trend has gone stale. Cramers checking the aisles with the ceo of white wave foods coming up on mad money. Dont miss a second of mad money. Follow jimcramer on twitter. Send jim a tweet or call 1800743cnbc. Miss something . Head to mad money. Cnbc. Com. So you can have a getaway from what you know. So you can be surprised by what you dont. Get two times the points on travel and dining at restaurants from chase sapphire preferred. So you can taste something that wakes up your soul. Chase sapphire preferred so you can. Aaah aaaaah theres a guy on the window do something, dad aaaah aaaah what is happening . Theyre rate suckers. Their bad driving makes Car Insurance more expensive for the rest of us. Good thing theres snapshot from progressive. Snap it in and get a discount based on your good driving. Stop paying for rate suckers. Try snapshot free at progressive. Com. Given this is veterans day, its worth pondering the most unexpected bull market. The raging bull market in the the defense contractors can continue into the new year. Take a smaller air and space defense. Xls. You may know it as itt excel. They got rid of the itt name in 2011. This Company Makes highly secure communications systems, radar, night vision goggles. Information technology business, they do advanced networks and air Traffic Control for faa. When everyone was fretting about the pending fiscal cliff, we spoke to the ceo and he told us everything would be all right. Sure enough, he was right. Over the Defense Budget cuts, about the to get real next year, can the stock keep roaring . The company is expanding overseas, moving to new markets, cutting the soft blow of the spending here in the United States. The headlines are in line. Those are a lot to like under the hood. Over 7 billion in valuations. Theyve got more business than they can handle. Stock had a solid 2. 6 yield. Lets check in with the ceo, a retired Lieutenant General in the army where he dealt with all sorts of high level budget issues. Good to see you. No longer itt. Just excelis. Youre out on your own. We are on our own two years on our own. Time to drop the legacy name. Before we get to your company, i saw you ring the bell today. I wanted to say. My dad asked me, whats changed now that veterans are so hallowed in the country versus when my father would say in the 70s, does anyone know serving was good . This has been a volunteer Service Since the 70s now. Thats taken hold in the fabric of america is volunteering to go serve the nation and go fight where needed. Then the fact our nation is honoring them when they come back is terrific. Why do you think theres higher unemployment among vets . Some people havent caught on to great talents and capabilities men and women get when they serve the country. Were a 10 investment company. I think its the right thing to do. I bring it up because i think its awareness. People say all the Good Companies are hiring vets. Maybe theres something to it. There is something to it. Im a great a advocate for hiring veterans. No company will be disappointed if they do. One that has confounded our viewers is when you hear all this talk about sequester, defense stocks hit new highs. Yours is one of them. How have you adjusted to the world that excelis still makes a lot of money . Weve worked on cost structure, our footprint, reducing head count in relation to volume changes coming through our factories. We cant control the top line. We can work on the bottom line. Many have been returning value to shareholders through buy backs and dividends and things of that nature. Youve been able to expand the other countries and have a good commercial business. We do. About 10 of revenues are international. Were trying to grow that year in and year out. We see great opportunities in night vision, radios and networking capabilities and space. We never used to sell those internationally. Because of rules changing, we can sell imagery in weather. One of the things i saw you add the ied contract. Are they not going to continue to build that business up since were drawing down soldiers . That would seem to be something we need to spend more time on given how we werent prepared before. Our company and a lot of others built a lot of jamming capability to protect servicemen and women. That is still in the field, its been upgraded once or twice to accommodate new ways of introducing that threat. For the most part i think its in Technology Development going forward. There isnt the same imminent threat once we draw down in afghanistan that we saw in iraq and afghanistan. What about the vacuum waste tank systems for a variety boeing commercial air craft . You bet. For us, the commercial air structure composite is the biggest part of our commercial business. Secular trends for airline manufactures is nothing but up. Weve been a supplier for boeing corporation. While not glamorous we have more and more for part numbers for military and boeing general air crafts. The army is going to get a bad hit, worse than everybody. I think where that comes from is that the army has the biggest end strength issue, the Largest Force structure that has to draw down over time to protect investment accounts. The real challenge is that we cant do it that fast and bring those numbers down without failing to modernize the force going forward. Thats the army challenge. Army is a big customer of ours. We stay close to them to accommodate their needs going forward. The Government Cut back, the portion we need to worry about before cutting back troops and other things in the military . You have to reduce force structure. People are the most expensive component for the army. Maybe 55 of the overall budget. To be able to continue to modernize, you must draw down the people. The threat is, dont go too low. There are challenges on the horizon. Were in the philippines today. Theres a lot of better places to cut if you ask me. See how these companies have gotten to the high. Theyre smarter than ever and staying that way. Stay with us. Coming up, name your own price. More than 5,000 increase in the last decade has made price line a top performer on wall street. What makes it a hot ticket and should you take a trip . As we head into the end of every year, the best performing stocks tend to rally harder than before. The reason, because theyve become anointed as winners by the Money Management community. Thats what they do. All sorts of hedge funds and mutual funds buy them hand over fist, if only so they can show their clients exactly how smart they are by owning high quality stocks when they have to disclose holdings at end of the year. If any stock deserves to be anointed in this environment, it is price line. Pcln for you home gamers, think of priceline as the amazon of Online Travel but better. The amazon 620 return. Priceline posted truly stunning 1909 return. I think these results make priceline the growth stock to own between here and year end. 1097 price tag, priceline is, listen to this, among the cheapest momentum stocks out there. When you back out billions of dollars in cash on the balance sheet, sells for 19 times estimates despite having 27 long term growth rate. Remember my rules of thumb for value stocks. There are Money Managers willing to pay up to twice a rapidly expanding companys growth rate. Priceline means 40 . Stocks could double on valuation basis. Price line is absurdly inexpensive. We dont recommend stocks just because theyre undervalued. A lot of stocks seem undervalued and stay that way forever. On the other hand, its been rallying for years. Earnings, revenues and cash flow have been able to keep pace. How does the company pull that off . At the end of the day, priceline is best of breed in the secular growth industry, Online Travel. Better than expedia and orbitz. Let me tick down all the ways this is a superior company, with a superior attitude and superior state of mind. Not unlike Steven Seagal in hard to kill. Speaking of hard to kill, do you see how priceline got crushed last week . 40 bucks and quickly rebounding once investors heard the call. Finishing up 50 the next day. Back to the virtues of priceline the company. First off its riding a rising global tide. People ditch travel agents and use the worldwide web to book their travel. The Online Travel space has more room to growth versus 20 orbitz. Priceline has huge european exposure. The vast majority of priceline come from hotel bookings. The Global Industry is extremely fragmented. The Airline Industry is consolidating rapidly. Orbitz is merely 50 hotels. Priceline was the first in the industry to adopt an Agency Business model. They act as broker between hotel and customer and take a cut of the transaction when someone books a room. This is a much safer way to do business than the merchant model, where you buy inventory up front and take on the risk as you get a larger cut if you sell the rooms. If the rooms dont sell, youre left holding the bag. 80 of priceline bookings come from the agency model. Priceline has become the king of mobile travel reservations thanks to its acquisition of kayak. People dont understand how powerful this is. Think of kayak as the Online Travel aggregator. Witness facebook and how much it was able to move. This is a beloved brand growing like a weed. Referrals from kayak helped drive accelerating growth in the quarter. Thats how priceline puts up such fabulous results. Priceline earned 17. 30 a share for the quarter. 22 year over year increase. Revenues came in higher than expected, rising 33. 1 . Gross bookings were up 31. 99 . Over the last three years the Company Generated 1. 3 billion in free cash flow. You want to know why its giving triple over amazon in five years . The company is like amazon except it throws off terrific profits and terrific amounts of cash top. Enough cash to possibly expand the billion dollar buy back. What other large capitalization is producing numbers like these . Biotechs. The only ones are biotechs. Theyre at the mercy of fda. The seemingly disappointing guidance that initially caused the stock to plummet in after hours trading. Why do peopl