Prices for the redemptions. This has roiled through this high yield space, as Many Companies have gigantic amounts of debt. They took on during the days of easy, cheap credit in the housing days. Those days are over. And these junk bond funds, particularly the mutual or open funds, are proving to be disastrous investments. I urged you is to sell the stocks of any companies that are borrowing money to pay their dividends, which is the case of many of the oil companies. Now im including a mustsell for any mutual fund where you are risking your principal to grab a little extra yield. A mustsell. Ive urged you never to reach for yield since the show began. I am reiterating that admonition lets go to next weeks game plan. First, well be on the lookout for more stories about Mutual Fund Redemptions just like we had today. Theyre going to dominate the headlines, because Financial Advisors all over the country were calling their clients all day today, urging them to sell junk bond funds so they dont get shut out the way third avenue management. Thats why i think monday could be a pretty ugly day. No. Im a peacenik these days. Tuesday we get an Analyst Meeting from a total cramer fave, 3m. It surely needs a better World Economy than it has right now. I keep it in my travel trust, which you can follow along, its paid a nice dividend forever and its constantly redeeming itself. Some stocks you have to take for long term gain. Theyre not many that i believe in like that. 3m is one of them. The fed is poised to raise rates for the first time in nine years. If its accompanied by a statement that says were tightening, then we can have a relief rally. But if its artfully worded, youll see selling, because while employment is indeed robust, oddly enough, pretty much Everything Else isnt. You know me, i follow a gazillion industries. I cant name a single one thats doing better than it was six months ago. W plus we know that weak and emerging markets are weaker still. Weakest of all is high yield debt. Again, were worried about Mutual Fund Redemptions of high the selloff we got today will continue, because higher rates hurt emerging markets more than anything else out there. Or, as i would put it off the desk, its a very suboptimal situation. After the close wednesday, im going to listen to fedex, because the Company Gives a good world view. Plus who would be a better arbiter of World Business . Be maybe ups . How is fedex going . Well find out. I bet well be less than enthused, because the world is slowing. I know all the people say the fed has to raise, has to raise. Youll get your wish. R if we get a big selloff on wednesday after the fed decision, then you might want to buy, near the end of the day, a couple of stocks near the close that i really like. Accenture and general mills. Both of them have been putting best in their industries. General mills is going more natural and gives you good yield. U i think maybe you use a bad fed statement to pick some up. We also hear from delta in an analysts meeting. Lately the airlines have become hard to own because terrorist fears combat travel. Not to mention the usual strong dollar woes, people who europe who want to come here. Eu i think delta is going to have decent things to say. But i wouldnt look at it as a buy, unless it was clobbered by a fedinduced selloff, although its at the cheapest its ever been on essential. T i want you to be careful if you own boeing going into the delta meeting. Delta has been prone right now to talking about a glut of widebodied planes. And thats not encouraging. The work i did this week, delta is right. Have fascinated people. First is blackberry. I dont care for the company. I favor subscriber bases that are robust. Thats not the case here. Then lennan. Then darden, which is also of course olive garden, capital grille, im giving you its blessing. If the stock falls below to where it yields 4 , i am definitely not sanguine about the stock market. All week ive fought against trying to be too bearish. But after yesterdays spike, it is time to do some selling if you havent locked in any gains. Im concerned about this High Yield Bond Fund debacle. Im worried about a fed rate hike. D someone might say, oh, jim, thanks for nothing, its down today. Really, stop complaining. Thats why i recommend locking down some gains and raising cash. You might need it. Bobby in florida. Caller thanks for having me on, jim. Youve helped me for years, drawing the line between trading and investing. Caller what are your thoughts on halliburton as an investment long term, after their baker hughes transaction . Im not positive about halliburton. This deal is going to cloud things. Buy schlumberger, which is all the way down within 2 points of its low. Again, we dont know where oil is going to stop since opec decided to pretty much end itself, thank you saturday. Danita in illinois. Caller happy holidays, jim. Same to you. Caller thank you. I have a millennial son who has a little of apple and a little he wanted to know about microsoft and salesforce or netflix and comcast combo. Its something we do together. Im glad you say millennial. A millennial person will be more interested in sales force. Its a very High Growth Company that doesnt pay a dividend. Microsoft is a less growing company, but very good, that does pay a dividend. The younger person should be drawn to sales force. The older person should be drawn to microsoft because it has a little more Capital Appreciation and preservation. Ti thats the way i want to split the difference. For him, its crm. Listen, i know it is tough out there. Today was really ugly. I had a hard day. I dont know about you. Even though it was kind of nice out. Aybo but i am here to help. And i am suggesting locking down some gains. Remember, we were up big yesterday, raising some cash. Were still very close to the highs. Dont say i didnt tell you at the top if youre just a couple tonight im going to the mattress. Not really. Stay tuned. Any of the purveyors of the plush, well see if theyre worth owning. Then, a meal ticket out of chinas middle class. Is yesterdays spinoff good news . Plus two of corporate americas oldest institutions and they just had a merger. Dont miss my take on dowdupont. Todays news. And you know what i suggest you do . Stick with cramer announcer dont miss a second of mad money. A follow jimcramer on twitter. Have a question . Tweet cramer, madtweets. Send jim an email to madmoney cnbc. Com or give us a call at 1800743cnbc. Head to madmoney. Cnbc. Com. I have asthma. One of many pieces in my life. So when my asthma symptoms kept coming back on my longterm control medicine, i talked to my doctor and found a missing piece in my asthma treatment. Oncedaily breo prevents asthma symptoms. Breo is for adults with asthma not well controlled on a longterm asthma control medicine, like an inhaled corticosteroid. Breo wont replace a rescue inhaler for sudden breathing problems. Breo opens up airways to help improve breathing for a full 24 hours. Breo contains a type of medicine that increases the risk of death from asthma problems and may increase the risk of hospitalization in children and adolescents. Breo is not for people whose asthma is well controlled on a longterm asthma control medicine, like an inhaled corticosteroid. Once your asthma is well controlled, your doctor will decide if you can stop breo and prescribe a different asthma control medicine, like an inhaled corticosteroid. Do not take breo more than prescribed. See your doctor if your asthma does not improve or gets worse. Ask your doctor if 24hour breo could be a missing piece for you. See if youre eligible for lets get these dayquil liquid gels and go. But these liquid gels are new. Mucinex fast max. Its the same difference. This one is max strength and fights mucus. Mucinex fast max. The only cold and flu liquid gel thats maxstrength and fights mucus. Lets end this. Phil oh no. under his breath hey man hey peter. unenthusiastic oh. Ha ha ha joanne . Is that you . Its me. You dont look a day over 70. Am i right . Jingle jingle. If youre peter pan, you stay young forever. Its what you do. If you want to save fifteen percent or more on car insurance, you switch to geico. You make me feel so young. Its what you do. You make me feel so spring has sprung. Ugh heartburn no one burns on my watch try alkaseltzer heartburn reliefchews. They work fast and dont taste chalky. Mmm. Amazing. I have heartburn. Enjoy the relief. Jeez, when you only sleep three hours a night, you take it after todays vicious beat down, its worth remembering that not every stock that went lower today actually deserved to get hammered like it did. There are plenty of companies doing whatever they can to take advantage to control their destiny. You should buy stocks and the market throws a gigantic sale like it did today and like i expect it to do on monday. Mattress firm, down 2. 68 today. Who took my lovey blanket . Anyway, back on november 30th, we learned Mattress Firm, the number one Mattress Retailer in the united states, is buying sleepies, that will make it the country. Not only does this deal expand Mattress Firms footprint, giving them more than 3500 stories, but it gives the company difficult to penetrate markets until the northeast that can be extremely lucrative. The stock has fallen 23 from its twoweek high back in march. Should you view this as an opportunity to buy it on the cheap . Or are there real issues holding the company back because it should give you you pause . This one is a bit of a shootout. Lets go to the mattresses. All right, its something i always wanted to say on television, albeit not exactly in this context. The mattress industry is incredibly fragmented. Mattress firm is in first place, the average cash payback period for opening a new location is less than a year. You can get your money back in a year. Ive done a bunch of businesses. Thats really quick. Even before the sleepys deal, the company had a game plan to grow its business organically and through acquisitions. Organically is the real growth. Mattress companies have been taking more and more shares. Consumers demand ever greater expertise when they go mattress shopping. However, this has not been a particularly good period for Mattress Firm. Think about home depot. When the Company ReportedSecond Quarter results in september, it missed on both the top and the bottom. Increased. These results and especially the weak guidance were so disheartening that Mattress Firms stock went into a nose dive. That caught my eye and said somethings wrong here. Since then the stock has picked up some momentum, in part because Mattress Firm had an interest if not revelatory meeting where they laid out a growth plan. The company highlighted their omni channel and direct to consumer reference. The hand holding caused the stock to jump. After the analyst day, the next Big Development came on november 30th, when Mattress Firm announced a landmark acquisition of sleepys, which has locations in 17 states. This transaction is expected to close in the second half of next this takeover is less about cost savings and more about scale. By snapping up sleepys, Mattress Firm is establishing itself as a nationwide bedding retailer. The combined company will be able to squeeze more value out of its Distribution Networks and its ad campaigns, plus theyll have more Bargaining Power with suppliers and with pricing. On top of that, the buying company will generate a substantial amount of Free Cash Flow which Mattress Firm can use to pay down the 740 million its taking on in cheap debt to buy sleepys. All that said, there are concerns about the sleepys deal. The implied price of 780 million represents a pretty good price for sleepys. Some people are worried that company thats basically been stagnant despite pretty strong growth in the mattress business. Ive seen analysts fret that Mattress Firm is taking on too much leverage. At the close of the transaction the company will have debt to ebitda ratio of 4, which doesnt leave a lot of room for error. Theyre still going to have enormous Interest Payments to me. Plus Mattress Companies have a long history of failure. However, i think many of these worries are being blown out of proportion. Mattress firm has a long history of making acquisitions like this one. 2012, they bought mattress giant. Last year they acquired mattress discounters. Mattress kings, bed mart, sleep train. Theyre trying to dominate the country. We like that. In short, Mattress Firm has a to consolidator. Sleepys has been extremely successful in urban areas. At the same time that we learned about the sleepys deal, Mattress Firm preannounced its Third Quarter results. This time the company beat wall streets earnings estimates, up 3. 8 . When Mattress Firm went on to report full results this past monday, Company Management maintained their full year guidance as they expect sales to decelerate in the next quarter. Put it all together and theres a lot to like about Mattress Firm. Here is a company that just started getting its act together. And one you might want to look at after the fed rate hike. Im trying to give you a full list this week of what could get hurt. Enough stocks that are plays on rising household formation. The optimal situation would be if Mattress Firm cut down its dell. A deal of stock would be good. It would give you a chance to buy at a discount. If you want to speculate on a nice Mattress Retailer then you have my bless to go buy Mattress Firm. I think the bull case is stronger than the bearish one. But keep in mind, it is a legit bear case. Not to mention theres an army of short sellers betting against the stock because of its uneven performance and higher leverage. I think the bulls will win out. You should still be careful and only buy Mattress Firm in weakness, because it would be easy for a company to screw up the acquisition with sleepys. With all the money its borrowed truly would be disastrous. Thats why i need my lovey blanket in case they dont issue that equity that i want. Theres so much more mad money ahead. It could be a spinoff in yum. Could it be a nasty treat for shareholders . Then there are two giants of american industry, and today they decided to tie the knot. Whats next for dupont and dow . Im revealing. Plus investors barred from accessing their money, the sec standing on the sidelines. Its not the latest hollywood feature. Its happening right now. Ill tell you why its going to why dont you stick with ugh heartburn no one burns on my watch they work fast and dont taste chalky. Mmm. Amazing. I have heartburn. Alkaseltzer heartburn reliefchews. Heres a question for you. Whats happening with yum brands . The global fast food brand has untouchable, given the companys huge exposure to china where theyve been plagued by the avian influence, food safety concerns, and worries about the overall strength of the chinese economy and the consumer. Yum finally decided to take some action, announcing its going to spin off its business, creating two separate businesses, yum china, and yum brands which will be everywhere else except china. There along with operating concerns have been dragging down the rest of the company. Although if the Chinese Market were to come roaring back, then yum china would let you participate directly in the upside. When yum first announced the china spinoff, we learned that yum china would have exclusive rights to kfc and pizza hut in the peoples republic, growing its locations from 69 to up to 20,000 down the road. The global is to create a spinoff that will serve the Chinese Consumer. At the same time, owning this stock would be a bet on kfc, pizza hut and taco bell. At long last the rest of the company wont be hit by the Chinese Business. Over time it plans to be a franchisor, instead of running many of its own restaurants. This slower growth, higher Margin Company also plans to return to shareholders. Much. Yum just hosted an incredibly important analysts meeting have we finally got some details about the spinoff plan which management expects will be finished by the end of next year. What did they say yesterday . Lets start with what we learned about the future of yum brands once they get rid of china. It will be a more focused, high margin, ill call it a steady eddie global franchise plan. Yum is targeting 13 annual Earnings Growth along with a 2 dividend someones the separation goes through. The nonchina part of yum will be 96 franchise, oh, my god, a cash machine. In short, the postbreakup yum brands will be exactly the kind of slow and steady restaurant stock that im sure many of you would like a piece of. Look what happened with steady. This business will have a very different profile after the spinoff. Yum china is going to be a much higher risk, Faster Growing Company than the remaining yum brands. The Chinese Company plans to generate 15 Earnings Growth annually after the separation with no external debt, a massive amount of Free Cash Flow. Management believes yum china will have enough cash to pay a significant