Trying to figure out whether tech could ignite the way so many other groups have. Weve seen energy come off its lows. Utilities, the Real Estate Investment trust, homerelated stocks. Lately tech has been threatening to break out despite the largest, better known stocks. Some select Fast Growing Technology stocks themselves. But it was today that really clinched it for me. Microsofts 26. 2 billion acquisition for 196 per share. A 49. 5 premium, where it went out friday. Made up my mind for me. Tech is back and it is back in a big way. That makes me feel like the oilrelated decline we had today. It is giving us some excellent buying opportunities. This is fabulous news for the market. Tech represents over 18 of the s p 500. With the exception of a few high profile names, it has been in the doldrum for ages. Lincoln is one of those companies, the social net working professional company was trading at 31 earnings. Linked in has been signaling that the growth has been slowing somewhat. In fact when the Company Reported in february, letting investors know the growth slowed from the 30s to the 20s and there were macro issues weighing on the company, that is code for link in the being a lot more sensitive to the Global Economy than we thought. It was devastating. It went from 192 to 108 in a single session. It was able to claw pack to 130 mpbl after a teent quarter. So it is worth noting that microsoft is paying 196 for linked in. Thats 4 above the stocks pre breakdown price. Even as it represents a 13 year to date decline. Which pegs the question. Did microsoft get a deal for linked in . Thats in 22 increase from the quarter before. Nice quarter growth. It depends. Most of the analysts reports describe it as an aggressive overpay. One of those acquisitions that woem be added to earnings for a couple years. I read a bunch of pieces and talked about how it was a waste of money. The house of pain well, better takeover targets. Microsoft could use it for other things. Maybe a larger dividend. First, coming in today, microsoft had over 100 billion. The yield at 2. 8 , you have to ask. Is it doing anything for the Company Shares . I have to say no. Therefore anyone who think this is 26 billion acquisition represents a major blow, i think youre plain nuts. That money wasnt burning a hole in microsofts pockets, it wasnt doing anything either. The company basically sat out all the big tech trends of the past decade. Social, mobile and the cloud. Thats a remarkable trifecta of missed opportunities. Last quarter, the Cloud Business has been growing quickly and looked like it was on target to become something that obscured the personal computing business. When microsoft reported their number tend of i am a, it was a decelerating rate of growth. At the low end. It slid from 55 the 51 in a single session. Thats slow moving mega capitalization. Thats all over now. With this acquisition, microsoft is now in the social, mobile and cloud conversation. Special when i you consider how link in the is truly global. 200 companies rapidly expanding business. Plus the total adjustable market is huge. Right now linked in only has 4. 5 of the Global Market media share. I think those numbers can grow dramatic when i combined with microsofts customer base. More important, linkedin brings back to the revenue. Sure, it might be down but the social net companys slow growth is faster than anything microsoft has growing. I didnt like the Conference Call that somehow linkedin will be the glue within microsoft. That didnt turn me on at all. Frankly it doesnt matter. I care about jump starting froeth. Especially after that last quarter. And this deal can do it. Im no longer worried about the growth rate. This merminger makes me want to buy microsoft shares, not sell them. We saw a bunch of Tech Companies rally. Chiefly name with mobile, social and cloud characteristics that seemed like they could be taking over. I would never buy them before that. Some nice moves this morning before the market turned dounld. Adobe gave up the game scoring. Sales force saw the stocks drop hard. But then it rebounded nicely. Anyone who thought microsoft would take over sales force was fooling themselves. Given that the ceo came on mad money and deny that had room ompl however, linkedin, it is why the stock has been most of the day black. Go what im really focused on, that was looking to the charts, the resurgence. The semiconductors and video has really taken off and even company accompany like texas instruments, continues to pick up adherence. 2 billion buyback. Hand research merging wither kelly tencore. The same for tech data, for arrow, and of course, hewlettpackard enterprise which we had on last week. Thats quite a list. Just as important is whats been on the list. Fang. Facebook, amazon, google. A smart buy told people to get out. The stock took it on the chin. Amazon got no traction. Meanwhile netflix did nothing. But apple stock declined a point and a half. It is not like newold tech is anything to write home about. I came up with that. None of this matters if the stock market goes down. On these down days please keep some tech in mind. I think the alleged overpay is a win for both parties. I think well see more like it. Just too many stocks desperate. Bill . Yes. How are you, bill, its jim. Caller its very nice to talk to you. Caller thanks to you im drinking beer and watching the stock market. There you go. Caller my question. Ive watched you forever but ive only called in today. Okay. Thank you. Caller my question is on marathon oil. How safe is the dividend . What do you see as future growth . Sir, i have to tell you, they cut the dividend. So whats left of it may be safe. It is only 1. 5 . The ones that cut the dividend lost me. If you cut your dividend in this environment, you spent too much at the height. So mro . Not one of my favorites. Microsofts deal for linkedin is the beginning of something has legds. Tech stocks are taking central stage again and i think more consolidation could be coming duxt their news . Ive got the plays could play on this move. Then sound bites and tweets. Hillary clinton and donald trump have locked up the presumptive nominees. What could it mean for your snoin and a private player will. Im talking to the man behind the stories. Dont miss my interview with the editor. Stick with cramer. Announcer dont miss a second of mad money. Follow jim cramer. Have a question . Tweet cramer. Send jim an email at mad money. Or give us a call. You both have a perfect driving record. Perfect. No tickets. No accidents. That is until one of you clips a food truck, ruining your perfect record. Yup. Now, you would think your Insurance Company would cut you some slack, right . No. Your insurance rates go through the roof. Your perfect record doesnt get you anything. Anything. 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This seed change is having some major implications for the stock market because very few people saw it coming. Sure, we figured natural gas would naturally surpass it over time. We just didnt see it happening now. Last year 33 of our countrys Power Generation came from coal. 33 natural gas, another 20 from nuclear. 6 from hydro electric. You recall coal produced 39 of the power. Weve seen how this has wreaked havoc. It is crushed the earnings and required them on make massive cutbacks. Weve seen how it has practically destroyed the coal industry. Only a few years ago these Coal Industries with riding high. Now most have filed for bankruptcy. We knew the average life of a coal plan would run 40 years and most were built under jimmy carter. So those all are too worn out the retrofit or cost too much money to bring them into line with environmental standards. Even though coal handle hammered, the one thing we havent seen is the price of natural gas actually rally. 2, the level it has been at. Natural gas is hovering at 2. 50. Thats a giant move for a commodity. We know we have loot more than we can handle. I wont say glut. At first many dismissed the natural gas rally because of a couple of heat waves. Now more seasonably cool weather has taken over and the price of natural gas hasnt come down, it is a different story. One that is linked with the collapse of coal. This has created some tremendous opportunities. Some have run up dramatically. Oil and gas and range resources have sustain stocks soar from the bottom. They are nowhere near highs of a few years ago. They have the cheapest natural gas out there. It is costing less than a buck. Recalling chesapeake and south western, both company have not sold out balance sheets. Especially chesapeake. Recall substantial gas reserves but only encana will give you decent bang for your buck. The other winners, some of the pipeliner partnerships, the biggest been fish jaer Energy Transfer partners. It yield as mine boggling percentage. Before you reach for etp, know that its parent was supposed to merge with williams to krcreate the largest in the country with a particular emphasis on natural gas. Now it is too costly for the company. A del tell court will decide this were issue. Our old bag would be a possibility. Im still smarting from the dividend. What other opportunity could be Spectra Energy . It has already got nearly 40 . My bottom hine is that i think it is your best bet to wait for the best meaningful pullback in the price of oil, in the expectations these natural gas stloks mistakenly come down with the big oils. Even though they dont deserve to. When that happens, then youll get your chance. Much more of mad money ahead. How can you make money off politicians opening their pocket books . Ill reveal how. Then you know were about homework and investing. Tonight im sitting down with the editor of the brand new website, the hive. And dollar for dollar, im taking all your questions in the lightning round. Stick with cramer. Thank you. Ordering chinese food is a very predictable experience. I order b14. I get b14. No surprises. Buying business internet, on the other hand, can be a roller coaster White Knuckle thrill ride. Youre promised one speed. But do you consistently get it . You do with comcast business. Its reliable. Just like kung pao fish. Thank you, ping. Reliably fast internet starts at 59. 95 a month. Comcast business. Built for business. In new york state, we believe tomorrow starts today. All across the state, the economy is growing, with creative new business incentives, and the lowest taxes in decades, attracting the talent and companies of tomorrow. Like in buffalo, where the largest solar gigafactory in the western hemisphere will soon energize the world. And in syracuse, where imagination is in production. Let us help grow your companys tomorrow today at business. Ny. Gov candidates down to just two. Hillary clinton and donald trump. Now the primaries are over the real race begins which means both nominees are going to have to do a lot of work and spend a lot of money in order to attract votes. I think the next few months represents a slew of negatives which weve never seen in our lives. The street. Com recently put together a whole series of pieces about how this election cycle will be a gigantic slug fest with roughly 12 billion to spend and going on at the federal, state and local levels. Here at mad money, we only care about one thing and thats helping you turn a profit. So whatever they can now legally spend infinite money trying to influence your vote, thanks to the Supreme CourtCitizens United decision, you have to acknowledge that election season represents a huge windfall for anyone trying on sell advertising space. As weve seen in the past, the bigge esgest beneficiaries tende the local television stations. Especially if key swing states or areas with a Contentious Senate or house race. So tonight i want to talk about the potential winners of clinton versus trump. I expect this trend to continue. The one difference, unlike the primaries, we know where the candidates need to advertise and we know where all the napable senate races are too. We can figure out who will be in a position to win big and what are likely to be the endless political ads. So which drivers are in the drivers seat . I want to start with an oddly named one. Called tegna. Thats the broadcast casting and bridge ever Digital Business that was created by the breakup of the could nnglomeratconglome. This can create value when it was announced two years ago in 2014. The story has gone off the rails a bit. This is supposed to be a classic addition. The idea is that the broadcast networks would be worth a lot more given that most view print as a dying industry. So it broke up with a perimeter division called it. However things havent go turned out the way they expect. The Newspaper Company rallied more than 8 while tegna the digital property has plunged more than 30 . We got some destruction. So what went wrong . It has some attractive properties. The company has been focused on bringing new life into career builder. Com. Turning into a cloud based business. Linkedin. So far the transition has been show to demonstrate results. Thats the second largest, it has been struggling. Now were at a point where it is less than a dollar above the 52week low. Opportunity. The coming deluge of political ad spending, i think it is possible could it turn itself around. The Media Business includes 46 television stations, recommending the larnlgt he was group of television affiliates. 46. Theyre the number one affiliate for nbc and cbs and the number four for abc. Then you have the ailing division which includes Career Builders. Cars. Com. It averages more than 30 million visitors and a couple of smaller assets. A one stop shop for hoke businesses looking to catch up via the web. And cofactor. It the broadcast, part that intrigues me. We know in the right regions, they can sell political ads for what amounts to 40 to 50 times what they would normally charge for regular advertising. Overall we can see it spent on broadcast ads this cycle. How much of that Campaign Cash could make its way to the table . Recalling florida, ohio, colorado, north carolina, and virginia, im thinking, kaching on those. Thats going to be a lot of money. And then one of the most recent Conference Call, tegna was practically salivating over the tumt. Particularly as they believe trumps nomination on the republican side will expand the number of house and senate races up for grabs. Now according to a terrific piece of research, tegna has exposure to 34 of the hottest races in the country. The company saw wound 51 increase in political ad revenue versus 2012. And i wouldnt say it will continue now that the primaries are over and were moving toward the general election. Even though coil has some tremendous broadcast assets, it has that ailing business where Career Builders consistently missed it ever since it broke up late last june. In fact it only got worse when they reported in february. The Company Keeps spending as a service business. Thats like sales force. Com. With not much to show for it. At the same time, cars. Com saw recall it start to decelerate. And it remained the same with the fabulous performance of interest business being offset by the weakness of digital. They were supposed to be sources of growth for tegna. So far it hasnt worked out. So in the one hand, tegna gives you a tremendous set of sell vision stations that will make a killing. On the other hand, it has this not so hot recall stock. It is down year to date and the darn thing is trading at this years ten times earnings estimates. The stock has been punished for its weakness. And if it does manage to turn around, that will be additional. I think it is too early to recommend it as an investment. The broadcast assets are so darn enticing. If it can turn around the digital side, maybe it wobble worth owning even after we know who the next president will be. Dennis . Caller long time listen since 2006. Thank you for listening. Caller i dont know what to do. Do i get off this twitter train . Im dying here. On a fundamental basis, i cant recommend. On a takeover basis after linkedin, i think there will be a lot of chatter. On mad money, we the cant recommend a stock a takeover basis alone myself trust has is not advising buying anymore. Lets go to rod in texas. Caller from the deep texas woods. It is a real ugly chart. To 8. 9 which is red nag territory. Do you think this dividend is safe . I have to do more work. I have not looked the see that it is almost 9 . That is a red nag. Our viewers are so smart. I have to do work and i want to do work on it right now. I doubt that it would have been attractive. Both sides will spend a lot of money in this election. That is good news for tegna. Much more mad money ahead. My election coverage continues with more plays that could play as the race to the white house heats up. Then theyve tan inside twitter. Now youre looking at the high and you wont want to miss this. And all your calls, rapid fire in tonights edition of lightning round. Stick with cramer. Announcer tomorrow, kick off the trading day with stalk on the street. They hope the wrap up the auction by july. I dont know. Maybe wrapped up. By 2017. This thing has been the weakest wrapped u