Doing fine or the percolation through the market or perhaps the dollar peaked and were through with the dollarrelated estimate cuts or that we have a huge amount of interest in high gross stocks by positive news flow. That would be something new. Responsible for the dows 46point gain and nasdaq. 32 add a vance. Which one . No, its a combination of all three. Buffet, the dollar top and high growth, the best back to back days since february. Let me parse todays session and help you make sense but out of respect to the annual meeting this weekend, lets start by why its worth bothering to find the given days action. Sustaining day to day obsession with how stocks move so creating a narrative that makes sense of the days action could be viewed as that. As he told everyone who would listen he wants to buy shares in companies he knows and lookikes at his prices. I applaud his reasoning and endorse buffets longstanding view if you cant do the homework, put your money in an index fund. I endorse it. I know of way too many fortunes made by people that put things into context using the day to day context to get better prices. If buffet wants to take advantage, this is an imperative to know the whys of a given days activity the to understand. Thats why its worth making sense of an individual sexssion and buy the extra income after they maxed out with their retirement accounts. Thats right, mad money. I get daily support for the day i do whether a sweet tweet on twitter or a gratitude of something maybe more heart warming like the kid that stopped us while having a sell celebration margertia. The driver that rolled down his window and thanked me for helping him buy a couple stocks that worked and the 11yearold visiting at the street. Com and got me interested in the market and had me sign a book. I like that stuff. I do. Its the reason i do what i do in every part of my day and explaining the days action nightly. Its an unmet need i need to answer. First, i think buffets reassurances all is well did page people feel good about the class of investment stock. Market rally big on friday and carry on with that in part because buffet embodies the idea investing in stocks is a good thing. As he points out, stocks can and do go down. It sounds simplistic but a period periodper periodic admission is a reminder of the need to take the pain with the gain. Ked continues to power the big molding National Stocks which remain among the best performers out there for the last ten days. You know what . Thats healthy. Thats meaningful. I believe the dollar is fizzling and there will be moments where it can be assented again like a strong payroll number if we get that, the win may be at the back of companies that seen earnings reduced by a levitating green back. Keep track of Major Companies like cisco to confirm this trend is for real. Why mention cisco . The longtime chief executive stepped up to being executive chairman today and make room for robins as ceo. Watch squawk on the street tomorrow. Cisco is a Huge International business and believe me that might, that stock may have been dimmed today on this news. If it werent for the fact cisco is the tech stock to buy if the dollar has peaked. I saw it in pvh, too. The Apparel Company that would be the Apparel Company to buy if you really felt that the dollar was getting weaker. I agree with the collar top story line but what about the third leg . The high growth leg affair rekin led, started friday after a prolonged absence . Its based on news flow. Biotech was spurred again, spurred again of gross stocks which reported last week and only sells at ten times earnings. I think investors are more comfortable with the power this company has from the hepatitis c cure. Talk about a halo. The former rally on a big lions announced for a drug that we will speak to about later with the ceo, dr. Stanley on the show. The embrace of growth was also fueled by the furious rally. Thats a Consulting Company we dont talk about enough on mad money. A strong franchise in digital know how who report add blistering quarter giving hope tech is maybe stronger than we thought. Taser jumped again based on a popular belief that one to police using deadly force could be the stun guns universal adoption. Then there is the portion of the market where it seems like the worst may be over. I see three of these. Casinos where resorts vaulted 4 on a decrease in the gambling which while incredibly ugly was what was expected. Harman stunted and i thought it was well explained in an appearance by the ceo on the show last week. Hey, same goes for Buffalo Wild Wings which bounced back from last week because tyson, the huge chicken producer said on its Earnings Call the wing prices could be coming down. Big rally of late is what decked b dubs when reported. I like when people extrapolate news from one company and marry it with another. Thats common sense. If you want to know what has people rivergoing, the shake shack, the burger joint up 7 one of the greatest short squeezes of the year. They foolishly bet against a company. That is never a good reason people, to short a stock. Why . Because stocks can stay over valued for ages. Im not saying it isnt over valued. Im saying it can go on for a long time and then there is tesla, which is a real tear ever since the buzz began about the battery business. Tesla is the most anti buffet stock ive seen in age as. Ahead of the quarter, buffet likes you to buy value. Youre firmly in the anti buffet camp. When tesla reports wednesday and one of the greatest battle grounds ive seen the ceo e ceo musting, i like the car but stay on the sidelines. The warren buffet halo the rekindled love affair with Growth Stocks thats how we can have two back to back days in an incredible frustrating stock market. Chris in alaska chris . Jim, a big last frontier booyah to you. Nice. Caller hey i thank you for your commentary and i never miss an episode. I bought costco in february for one, the organic looks like its leading the market and every time i go there, its packed. Should i stay on to it or has costco seen the last frontier in the summer of 2015 . Thank you for saying youve seen every episode. They are written pieces they are episodes. Costco i wrote a piece in the street. Com that i thought the stock is ridiculously under valued. I think cost coloradoco is a buy. That makes sense. Lets go to peter in new york. Peter . Caller big booyah. Ill see you for cinco de mayo. Caller for those short ribs. Jim, i know you like the cybersecurity sector and have your favorites but ive been following the stock that keeps killing it. They keep raising guidance each of the last six guarders and got big customer wins. Lots of momentum, great aught authenticity. Our viewers are great. I was looking at palo alto. I have to look at vasco. Maybe add it to the arsenal of cybersecurity strikes we like so much. Lets go to martha in florida, martha . Caller hi, jim, im martha im in palm beach gardens, the hidden gem of palm beach county. Life can be meaningful purposeful and beautiful if one has the right guidance and solutions to make it so. So would you please give me your opinion of a possible takeover of pfizer . Okay. I think we all agree that there is more life to pfizer. I like that description how life can be kind of find that myself. I do not think fiezpfizer is a takeover target. It can be an acquirer. Thank you for the kind words. Patrick in illinois. Caller booyah, what is going on . Not much how about you . Caller living the dream. I bought linkdein for 180. Buy, sell . The reaction is over reaction. I dont think linkedin is as bad. I had to read it multiple times and didnt understand it but i know it wasnt as bad as the stock acted. I think it can be bought here. Not crazy about a it, but it is not a short. What do you get when you combine a buffet halo top in the dollar and now love for high growth on wall street . You get this move up. The best back to back day we see for sometime. On mad tonight, dow chemical made news with a plan to slash 1500 jobs from the global work force. What does this mean for the future of the company and stock . I got an exclusive with under valued ceo and america express, cocacola, warren buffets picks. Are they right for you . And the blockbuster drive, i think it will be blockbuster. Well see if you can stay healthy with that stock. Im going to talk to the ceo. Why dont you stick with cramer . Dont miss a second of mad money. Follow at jim cramer on twitter. Have a question tweet crimeamer hashtag mad tweets. Or call us at 1800743cnbc. Miss something . Head to mad money. Cnbc. Come. Theres some facts about seaworld wed like you to know. We dont collect killer whales from the wild. And havent for 35 years. With the hightest standard of animal care in the world, our whales are healthy. Theyre thriving. I wouldnt work here if they werent. And Government Research shows they live just as long as whales in the wild. Caring for these whales, we have a great responsibility to get that right. And we take it very seriously. Because we love them. And we know you love them too. You have to love it when the market does something stupid because that means you get a terrific bargain. Take dow chemical. Ive been a huge fan for the Charitable Trust because its in the process of selling off commodity chemical business to focus on higher margin chemicals. Thats the great transformation we saw for pbg and dupont. They are emerging a new entity with a 5 billion reverse trust foundation and today dow announced it plans to lay off 3 of the work force with 300 million cost savings. I dont like when anybody lose as job. Im not a fan of firing. This show is to help you become a better investor. I think its nuts the stock barely even did anything in response to this perfect news. Now if you like me believe the dollar peaked and like me believe oil is bottom dow chemical should be a terrific buy as it does a ton of business and investors to oil. Plus when the Company Reported it managed to deliver terrific earnings beat in spite of strong dollar head wings. They have their act together and a fabulous 3. 3 yield. Lets check in with the chairman and ceo of dow chemical. Welcome back to mad money. Thank you, jim, nice to be with you. Every time we speak, it seems like you take more cost and seems to fall to the bottom line. This action is still evolving you are not done yet, are you . Definitely not. Productivity is a journey. Less is more. Be moring a guile. We had the opportunity with the oil transaction, jim, to look at costs with the new it system we installed. Were a Technology Driven company. Trying to be stream lined is a neverending journey so today ease announcement is an agile more Market Driven and more investment at the marketplace with customers. Last time i saw you in person, it was free fall and i understand you have been feeling bullish about europe for dow chemical. Yeah, look jim, i think i said green on my Earnings Call. Germany is benefitting from the recalibration and there has to be expert markets. If you become lower cost in dollar terms, thats a good thing. Thats what you see out of germany and i think if germany is looking good and northern europe, there is the beginning of lets call it a one, 1. 5 economy, which is better than we had. I know we talked about a the idea you shouldnt be thought of that way but there is a small percentage of the company that is. The fact that oil bottomed and went through 60 will be bullish for dow stock, isnt it . Look so the whole Oil Connection we have proven with two quarters of performances that we have the portfolio that can perform. As oil bottoms and moves up we take this current earnings performance which is ten straight quarters of Earnings Growth six straight quarters of beats and make that more positive. We did not take the negative of low oil. We took a positive out of it and we can become more positive. Leverage to the plus not minus, jim is the message weve been articulating not because were saying it because were doing it. When should we talk about free port and the dow saudi arabia company. Shouldnt that be the focus now . Look i was inside aa rain ya last week. The plant is well now close to finish of construction. These are 26 process units that will start up the beginning in two, three going through next year with first product sometime in late q 3. This will go away from being a head wind to a tail wind. Units down in texas and louisiana, the first of the big wins in the q 3 time frame. Tail wind not head wind. These are big new value drivers for our company and with firming up of the economy and oil price and the invasion agenda were nothing but earnings upwards from here. We had a ceo terrific guy on friday huge buyer of chlorine and i was so glad to hear he said no chlorines, no cutthroat, there is no margins to it. Were doing the right thing off loading loading chlorine. They are foescused on it. We liberate capital and can put it to high values. Two winds there and the shareholder is a big win. Getting out of chlorine its our original business t. This is a business dow started with. We know what that business is like. Its an up and down business and you have to have the appetite. Being number one in the space will benefit and thats a good thing for them. Getting out of the space is a good thing for shareholders. That goes to shareholders. Well buy back more shares and we believe were under valued and nothing but share buyers right now while were under valued. But youre not allowed to buy shares until after a the close aft of the deal . When the deal closes half a billion dollars a share, when that closes all that cash will go into share buybacks. By the end of the year we would have done 2. 5 million of the 5 5 billion program. You had to spend time defending the company. How much of your time is directly related to the company and not just individual shareholders . Yeah, look, i was public last year that that was a large distraction spending time with all our shareholders. I had over 300 investor visits last year inclusive of third point. I have to be with investors but running the company is what they want me to do. Thats what ive been able to do. You can see what is happening. Were doing one thing after another on this pursuit of on ward productivity, on ward value great and economic value. Well be continue wellally working the portfolio and buying into others and looking on productivity and selecting in markets can can grow in like packaging and companies on the move, were agile, large, geographic Growth Opportunities and the investors want to see us perform and we put the quarters in a row during the activist discussions, we performed and were proud of it. Ten straight quarters of improvement on every level. Andrew livers chairman president ceo of dow. Thank you for coming on the show. Thank you. This is the cheapest i know and i think its going to go much higher. Play with an open hand. Mad money is back after the break. Coming up, food fight. I like to buy the world of coke warren buffet is not bashful. They like broccoli and brus l sprouts. Is he wrong about a the food . Cramer is Digging Deeper on transforming farms. Man you run a business. Could be any kind of business. And every day youve got important decisions to make, like hiring. Where are you gonna find those essential people you need . With ziprecruiter, its simple. We post your job to over 100 job boards with just a single click, so you can reach millions of qualified candidates. Then well give you the tools to help you manage, screen and rank your applicants all so you can find the right one. Try zip recruiter for free today. What do we make of the socalled big four the four companies in the main stays of warren buffets portfolio, ibm, cocacola, wells fargo. We cant judge brooke share halt hathaway. Its long eclipsed the power of the big four or any of buffets Stock Holdings its not worth following the master when instead you can buy shares in the company. Why not . You want them all. You want buffets investments alongside alongside 3 g and tax credits and gigantic cash flow and a lucrative Insurance Business as suddenly being too competitive when it comes to the reassurance side makes up the secret side behind so much success. Of course you want burlington northern. The railroad is a gigantic transporter of oil. Oil is better to transport than cole. Lets go along. There are tricky stages. First American Express in my opinion sadly lost its edge and i got my card since 82, the numbers dont support the Growth Portfolio managers want anymore. Its nowhere near the growth rates of mastercard or visa or paypal. It is cheap 14 timings earnings versus the historic growth rate. American express is poorly run relying on cost cuts and partnerships. What is that debacle . A company went hand and hand and we didnt know about until the deal was lost. Thats unfathomable to me. They proved nothing except American Express has been left behind. What about expedia. Why didnt it buy price line or trip advisor . It was a stick holder but told the steak when s p bought the company. You think management will come in and catch up . Unlikely. Then there is cocacola which i find in intriguing because of the calls and terrible run, not here, not yet in the steak in keurig green mountain. Might hit it out of the park with cold drink machine and the peak in the dollar versus emerging market currencies which are the only one that matters. I do worry like American Express, cocacola is an old brand with Serious Health conquincescon consequences attached. Ibm needs to go from being a hardware business with software and consulting edge to minds data and mobile cloud and cognitive thinking and throw in cybersecurity. 30 is fabulous. 70 i can do without. If it tips there is a big win. Plus given this company reinverted itself who am i to disagree . I turned my view and went positive. Wells fargo is a coiled spring. 55 stock thats one rate hike away from 65. Higher Interest Rates and in the meantime they need to be more aggressivy boot backe yy buy back to deal with the great recession. Its the least tired of the big four, the most inventive and the one with the best growth. The bottom line on buffet if you started over with the same sectors, you would probably go with maste