Versus anxiety about the further collapse in the price of oil. In the end, a possibly placid outcome to the tortured uk story, triumphed over oil, and the dow climbed 93 points. Nasdaq advanced. 21 . This tugofwar between britain and oil is of such titanic importance that nothing else comes close to even mattering. With all those a run big pools of capital and big news on brexit in that it might not happen. In the end, instead of experiencing pain, we had an antibrexit gain. One of the more tedious aspects of my job is that i have to look for minute difference thats could have a big impact. Right now there is fear about britain getting out of the uk against liquidity. Thats code for prop things up. In any way possible if things go wrong. The collapse of leeman brothers and all sorts of other institutions during the financial crisis is recent enough that bankers remember the firmest of institutions can have feet of clay. I feel emboldened. A bad thing that comes out of nowhere hurts a lot more than a bad thing we see coming. And this potential brexit has become as expected, as it was unexpected a couple months ago. The market has baked in the down side. If britain decides to stay, the upside could be terrific. How about the other side of todays tugofwar . Oil. I think oil is getting interesting here. Now, when crude rallied to 50 last week, this was a surge of optimism led by oil cheer leader in chief, the ceo of Continental Resources who suggested that texas tea was heading back. Of course, since then weve seen unrelemming choices down. Straight down. As oil has hossa 5 in less than a weeks time. This makes perfect sense. The first 50 is the break even price. That bheens crude hit 50, companies had drilled wells, suddenly uncapped them and let it flow. Other cash strapped producers sold oil futures at a premium of 50. Ordered the banks to faye money. Something happened today that really freaked the oil stock guys out. Pioneer natural resources, considered one of the smartest operators in business, shelled out more than 35 million to buy the rights to 28,000 acres. Some of the lowest cost of oil in the country. They bought it from them. On top of that they announced plans to increase oil by 42 . Bringing the rig count from 12 on 17. Given that oil got hammered last friday when the recount showed three new rigs were coming online, todays news cut the hine from under it. Anyone who believed it could be headed to the 60s because of drilling. Worse, pioneer did a had secondary offering raising 827 million by selling 5. 25 million shares at a price of 157 million. Sellers sold that stock fast. And anyone who held on got pasted. Pioneer held on more than 5 . The Company Selling these acres hasnt exactly been known as the sharpest operator. You might remember how it touted the financial strength in february saying it didnt need on raise money. The very next day they turpds around and sold 69 million shares of what turned out to be the bottom of the stock. So my take is different. I think pioneers opportunistic move, the oil is cheap. Given that the rest of the stock market only cares about where it is going and not where it broke down, that makes me think that oil wont be crushed much further from these levels. If im right, if im right that crude wont retreat. Further from here, that should make investors bullish. You combine that with a possible no vote from the uk and this has a terrific chance of rally. We have to go all the way back to yesterday. And pine were the Federal Reserve. First remember the fed took the notion of a punch of rate likes off the table of second, it converted it. Third, because the fed just spoke, we didnt have to fwret the Consumer Index number that came out. It showed a rise in innation. Ive been telling you that a rise in housing means inflation. They wont build more houses or Lower Health Care premiums or lower the minimum wage we dont have pressure on the dollar to go higher. Remember, when they raise interest rates, our short term bonds give you a better return. Before those investors can buy them, they need on buy dollars. Thats off the table. What works in this environment . First, the oil stocks arent concerned about the dollar. That means you can go back to johnson and johnson or bristolmyers or even merck. Some interesting news this morning. You want to buy higher yielding tech stocks without all that much risk. Now that growth is linked in, maybe even this a report of pretty good numbers. You want the growth utilities. At t and verizon. Why be a tad more conservative . This brexit stuff changes minute to minute. If we go back to worrying about it, and tonight i have the one and only will fred fox off show. I want you to know stocks you can buy into more weakness if britain does vote to leave. How about all those juicy retailers with the fat 4 to 5 like macys or kohls . Theyre too risky. May it out. If we get a brexit, we find out the retail sales werent that low. Youll end up buying low and selling even lower. So heres the bottom hine. We dont know which way yet the brexit vote will go but we feel better about it not happening at least today. We dont know oil. I am saying i dont expect to it crater. Most important, dont take on a lot of risky stocks. The reward may not be as good as the risk. If oil prices go 45. Brad in north carolina. Brad. Caller thanks for taking my call. My question is about valero energy. With a healthy dividend, surprisingly it is trading at a 52week low. Investors are looking for yield wherever they can get it. Whats your take on valero . If i want yield, ill to go at t or verizon. The reason i dont want to go to valero, i think the margins for refiners are coming down. We told a golden age and i think that age is over. Martha in florida. Martha. Caller many cramer, thank you for taking my call. Of course. Caller several years ago, a friend recommended that i invest in the blackstone and i did. Im not sure whether to stay with this investment and i would appreciate your thoughts. I think it is in a cyclical downturn. I think Steve Schwartzman will do a good job. They dont have a good ipo market. So right now the yield is not that good and i do think that the stock has been under a lot of pressure. I think that will pass and it is a good time to buy. Not to sell. Eric in montana. Caller hi, mr. Kraim, he booya. What are your thoughts on expedia versus trip adviser . Thats vois. If trip adviser gets taken over, which could happen. And pedia is so well run. I like the homeaway business. And i think they have revolutionized, travel and i want to be a buyer, not a seller of expedia. James. Caller booya a few weeks ago you had the kroflt of lending tree. On i enjoyed the interview and thikd companys prospects. The fed is on hold for now. With Short Interest in this name, is tria a pie, sell or hold . Ive been asking this question on real money. I think he acquitted himself very well on the show. You know what . The had position is so high that i have to keep digging. It is nothing that is selfevidence that tells me why it is short. One of the shortest positions ive seen. Between oil and fear of brexit, there are too many moving parts to play fast and who is. Its no time to take your eye off the headlines. On mad money, does big data take plunk out of the splunk . Im sitting down with the ceo to see. And whole foods and some Serious Health violations. And chipotles issues with e. Coli, dont miss what i have to say. Must yurks dentist likely loves this company. With the way it is cleaning up on wall street, you should probably brush up on this stock too. Atand that horrible smellstee are really good at hiding. Vice, oh, boy. There it is. Ohh. Ooh. 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Liberty Mutual Insurance remember back in february when both linkedin and tabloid software imploded the same day . Including everybody that led to social, mobile, the cloud, one of the stocks that got obliterated that day fit all of those. It was splunk. Thats a leading analytics may. It helps to make machine data more accessible, useful and valuable for the enterprise clients. Plus the Company Offers the same software in the cloud and they have a cyber security. After they reported those dismal numbers in february, splunks stock fell from 37 down to 30 in a week. It has looked more and more like tech has got its groove back. Weve seen splunk stock rally. The last time we heard from them was a few weeks ago. It posted dramatically higher than expected revenue. A 48 year over year including a 45 increase in revenue. Selling the mat form and a 57 gain in service revenue. While the company is not yet profitable because it is selling more money to grow, which you have to watch is the pre cash no. That was up 47 last year. So well take a closer look with the president and ceo of splunk to find out more about his money. Welcome to mad money. Thank you very much. Im honored to be here. Thank you. Ill get right to it about companies. First, this sisco, google, microsoft, these are all partnered with you. Is there anyone who doesnt partner with splunk . There should not be anyone who doesnt partner with us. One of the beauties of splunk. Were a super flexible data layer that can work with nonstructured convoluted date. We were in this enviable position where we get to add value to all different types of technology. And the more types there are, and the more convoluted the data, the better it is for splunk. This is very unusual that you partner with everybody. For instance, one of our favorite companies. You talk about how, youre their platform to deliver applications to advances in service delivery. People but the things on top of the mat form. Yeah. I was really excited with that relationship. It has been many years at splunk trying to do some type of Big Partnership that is global. And it is one of the best in the world praunld capability. And theyre not just building a Services Practice around us which is the stand arrested the motion for some of the companies. They understood power of splunk. They understood if you bake this date hair into the Different Service offerings, and theyre trying on raise money, that they actually can get an advantage that others might not. So theyre literally building applications on top of splunk to help with Application Outsourcing and the Cyber Defense initiative. With the nerve center behind those different solutions. We have said that we love it. Weve tried explain it and i think we got some people in it. Lets talk about a stock we really like. Home depot. We dont know that splunk is a partner. We dont see splunk anywhere. There is no name plate that says splunk. But integral to the customer rehaitians is you, right . Yeah. Again, the nice power of splunk is we can may in so many areas within a company. And home depot blarought us in just to try on keep these applications and systems up. And they want us weaving into more and more of their date fabric. The end result was splunk improved up time and performance by 40 in what turned out to be a bunch of customer facing and Revenue Generating applications. So theyre not a partner in the sense of palo alto or others that can distribute us but theyre a key partner as far as a customer. And weve also, when dominos reports, which is just such a terrific company. We always say that theyre a Technology Company that delivers pizza. Splunk is integral again into trying to analyze the pores are placed . Yeah. They started within dominos years ago. A lot like home depot, they started pretty simply. Just trying to keep systems up that run the dominos website. That their customers interact with and get visibility on possible security challenges. But as they interrogated that data, and thats one of the beautiful things splunk provides. Different people come to that same tate with different questions and get wholly different answers. They realize there is a bunch of marketing and date buried within that machine data. That the systems and devices were spewing into splunk. And they wound up using it for a couple years now to understand buying patterns in different sub gos had. Are people using mobile apps and theyre doing dynamic couponing, incentives, based on trying optimize the machine data. One last question. I know thats tremendous pressure. Are you in a situation where this will be one day. Wall street will understand. The reason i mention this was because your stock got caught up in the vortexes and companies that did show down and it was unfair and wrong. It was a great buying opportunity. 48 , is that an impossible long term hurdle . Yeah youve seen it come to the upper 30s. So there is a hot of physics that catches all of us. What we see with smunk, part of what we to with every investor call down, is the total Addressable Market. What we do is just gigantic. An hiss estimate it at 45 to 50 billion. They see it as a whole going above 100 billion. So massive opportunity to sell into. And as successful as weve been with some of our top customers, even with our biggest customers, the number of date sources that are being fed into splunk versus those that could be as a keep understanding the diffuse cases that they can get value from splunk. Were still at the early stages. So my goal is our entire sales teams goal, our companys goal, is to keep relentless focus on going after this total Addressable Market by serving our customers and make sure they keep getting value. Youve done a great job and i think it is early innings. I conoccur with you. Thank you so much. Really appreciate it. Looking forward to seeing you. The president and ceo of splunk. Coming up, the boat that has everyone talking. Here we are talking about all these scary global headlines. What does brexit mean for the markets . I believe britain will be stronger, safer and better off by remaining in a reformed european union. What does it mean for your money . Cramer has the answers when mad money returns. Serious violations at a whole foods facility that was found that bacteria that could result in illness. And this story by association might be hurting the stock of chipotle now which i feel like had an upday today. Theres a jinx for those companies when they come to trying to do the right food processing. Maybe it is the organic and natural, maybe thats what makes things unsafe to eat. Because it is not processed into oblivion first. They have distrust of the traditional food chain and all the chemicals that allegedly make it safer. If you look at the list of ingredients in a chipotle burrito, it is obviously edible. When you look at the ingredients off a taco bell burrito. We know that they have repeatedly shown to be more worried about the long term impact of processed foods. But i fear at some moment there might be a Tipping Point where people are more concerned about the short term considerations like sickness from bacteria than the multiyear buildup. Thats why chipotle was able to break down so swiftly. Even though i think it has become Gold Standard for safety since the incidents, you cant have endless bad news that imme indicates the antifood chain players, as some being unsafe because they dont sterilize their food and pump it full of preserveties, even though thats the whole reason they were they were successful. I dont think mos southwest grill would have surpassed chipotle if it were not for the publicity. Sure, it is psychological but it does matter in terms of the stock. You dont feel comfortable paying up for the shares of a company that has less appeal than something that says, got to go to mos . So should we give up on the stock . Absolutely not. No. Not if youre in it for the long term. W why . Because others are now rate higher. While easterny is not an investment strategy, it is worth noting that both were decimated by a couple of health sxars were far worse than what happened to chipotle and they came back. Taco bell got hit in 200 soosk. Less than a year later taco bells numbers were on the rise. It has been nearly a decade from the outbreak and taco bell has suffered no damage. In fact it is one of the better performers in that group. Then jack in the box, the mother of all e. Coli outbreaks 20 years ago. 700 people infected thanks to jacks undercooked monster burgers. This was a genuine tragedy. Four children actually died in this. Another 179 victims were left with permanent organ damage. I dont want to minimize that. While the same store sales got pulverized, four quarters later, if you look at the long term you wont even see it. The fact both jack and taco bell are able to bounce back within 18 months of the Health Scares should give you confidence that chipotle can do the same thing. I know if the stock continues, that will be cold comfort to you. It is worth pointing pout memories arent that long even when it come toilenesses, provided that you dont think that e. Coli, norovirus and listeria now come with the Natural Organic territory. I say buy, dont sell. Chipotles loyalty with or beganic and natural food will prevail over the darkness that will fade year from now, if not sooner. Lets go to dustin in texas. Caller im calling about shake shack. Analysts have been saying they wont meet expectations quarter after quarter. Theyve exceeded the expectations. Do you see this to keep happening . I think that this is a bit of a cult stock. It has gotten down, it is 1. 3. I think it is too spemsive. I did not like it at 90, 80, 70, 60, 40, but at 36, i think theyre six down and 20 up. I like that ratio. Keith in illinois. Keith. Caller thanks for taking my call. Question, e