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tv   Mad Money  CNBC  February 28, 2018 6:00pm-7:00pm EST

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dance with the one that bought you. you buy the bitcoin here. >> dance with the girl you brought to the prom. before we go to break, mike, you're trading well. in ujos tomorrow don't miss my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate and teach so call me at 1-800-743-cnbc or tweet me @jimcramer.
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dow tumbling nasdaq losing. where we finally put the tumultuous month of february to bed, while worst february in eight years. i think it is worth perusing the high list, something different see what managed to hold up most of the day who made the cut let's see, there is salesforce which just biggest blowout reported after the close, it spent most of the session at record level i think the quarter is so good, so big, so strong, we will be speaking to ceo marc benioff just because a minute move in
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the treasure, made you flee the market, what can i say already at $12 billion in revenue, i see that going to $20 billion in a few years time. oh, and was in a fix, maybe the vix guys, maybe they forced you out a little bit next, how about tjx? the retailer, i should call it the retail comeback kid, marshall's karen cramer who ran the desk, used to make me wear a post-it on my forehead and go outside of the building at 100 wall streets
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and get her a soft pretzel and a diet coke. you better believe that made me a lot more disciplined and ceo brad jacobs has been on a couple of times. talking about how he took -- other members of your new high list that we need to address, and address right now while the wounds were still deep a collective post-it if you sold them during the big panic, where you felt like i can't stay the course because i am so darn scared, if you have conviction, if you believe in a company, you use the declines that we had today to buy the stocks, not to sell the stocks the first big name on the list, first big name is boeing which spend most of the day at new highs even at it dipped two
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bucks as it closes let's think about this aerospace for a moment, stands for the best american space engineering. tail winds all over the place, tail winds, do you think i can resist boeing's outlook gives you a 20 year visibility in the plane business so there is a plane shortage, but don't forget, there is a stock shortage i like that. stock shortage, boeing has been a voracious buyer of their own sales. boeing's business wasn't hurt by wage inflation, or some vix product. the stockgot slammed with everything else this month but the story remains in tact.
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i can only pray it goes lower after today's end of day give up i have been saying that the stock is headed to 400 then a stock you might be familiar with name of river, no, not denial, it is called amazon. some of you may know it as alexa. competitors may know it as the death star most popular cloud on earth. but if you are like me and tons of millions of others, you notice amazon prime which defines the way we shop. scratch that, it defines the way we live. all this means that the stock's rally was i think gettable maybe as gettable as they come identifying amazon hidden in plain sight.
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did you get washed out of amazon because you heard the fed chief may be worried that the economy is too hot if so, that is called a mistake. that is why you need conviction to stick to your guns. there is another stock that you may have felt compelled to trade in and out of over the last month. apple. yeah, this one spent most of the day at record levels before pulling back modestly after the late sell off. if you didn't know any better, you would have thought the largest company laid an egg, one so sulfurous that it had to be rotten what did the stock do? how about a plunge from $167 to $155 a week later. most of the allegedly bullish
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analyst, sunk away rather than pounding the table apple is back today. briefly hit $180, all time high. was trading out of apple post-it worthy maybe if you were karen cramer she was harsher than i was the true post-it goes to the acknowledged of the group. i have known tony. he is a serious practitioner he is a man of rigor he is a man of wall street you may remember tony from 2015 when he told us apple's best days were behind us. or you read tony's article in the new york times i sure remember, you know why,
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the stock was at 94 bucks at the time and ceo tim cook came on "mad money" to argue the other side of the passenger. tony was precised when he downgraded the stock the rationale, the verdict is in the cycle is week. and q1 results were worst than many investors realized. apple is up since then tony has been dead right he has been dead right about cell phones. not about apple. the cell phone business keeps getting more zeros there is an article where your love with your iphone -- reminds me with cars
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apple created a beloved technological ecosystem second to none. the service revenue is as their stocks all cell at a traumatic premium. ridiculous ridiculously bloated with cash balance sheet. which is part of why truly brilliant people like tony end up making mistakes about the stock but maybe not the industry of cell phones bottom line. i'm going to ask you to not be too discouraged about today's meltdown look at what worked through the month. these stocks all bounced and bounced hard from the last market wide selloff we had i bet they will bounce again from the next wide market
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selloff whenever it happens. let's go to james in california. >> caller: hello, jim, i was building a position in wynn resort just before it had the latest disaster. what should i do now buy more, hold on to it or sell it >> sieteve wynn was one of the best ever. he is not there. so i have no edge whatsoever i now prefer mgm resort. man, these apples are good good rid dandance to february. crm salesforce reported tonight. don't miss my exclusive with
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marc benioff and under armour, things could be changing. i am going to talk to the ceo. let's have a pizza party "mad money" style digging into papa johns. i suggest you stick with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com.
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cloud computing stocks have been back with a vengeance sal salesforce reported. i have got to tell you, it was well ahead of what any firm on wall street was looking for by a magnitude. now earlier today, i got a chance to check in with marc benioff from its new new york headquarters so take a look. >> i expected a good quarter this is a blowout. and that i usually don't get from a company your size how did that happen?
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>> first of all, i want to welcome you to our salesforce new york tower here in new york city. >> these are what i expect from a small company. >> it was a blowout quarter. >> when was the last time you had this magnitude >> years ago. >> and how quickly are you on your goal 20 billion. >> let's celebrate the present moment faster than any other cloud company but faster than any other software company in history. >> this is a number i expect from a company with billion dollars in sales. >> you are going to see us have a huge dream of getting to 20 billion faster than ever. >> sometime there is is a magnitude that takes your breath away you are in new york, but i see
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european foot presenprints all these numbers. >> europe is big for us. if you have been to adidas.com, you know it is all salesforce. if you get an e-mail from adidas, it is salesforce building a single view of the customer for adidas and giving them the ability to sell to the customer >> the banks are catching up >> you know our financial services cloud which is a product built specifically for the banking industry and has been so successful here in the united states with great customers like bank of america and wells fargo, now you can see the european banks doing amazing things with our financial services cloud so that is
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exciting not just banking, i am thrilled with some other european industrial companies, look at seemiens and look at abb i love the robots. and electric buses all of these companies are trying to focus on and connect with their customers the robots are a great example now, of course they are connected with the robots and know if a robot is going to fail einstein is a huge part of the story. send that service technician and make sure that robot gets fixed and abb can do that with
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salesforce >> there must be a lot of million dollar contracts. >> more than ever. >> fair enough lowe's looks like it is losing contract share which is a big ticket to home depot where the money has made you. >> craig is doing an amazing job as ceo what i love about home depot is they are focussed on their customer and we have been there with them. a partnership in the transfo transformation and they know who their customer is which not just the consumer, but also contractor with all the huge home growth going on but the idea that all these contractors are out there and they are more connected to the consumer and contractor and they brought an employee in as well to have an advisory in to have a stakeholder in their
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business everything with home depot is amazing. i can't believe their names. >> invisaline, maybe they need to be more digitalized. >> i love invisaline myself. >> you have been a vocal of late talking about the need to be careful for technology, both because of the fourth industrial revolution and also because of a consciousness that you have to recognize that you have responsibility facebook is not just a greyhound bus that carries everybody ed companies need to wake up that they play a role or the government is going to play the role for them >> the sad vancemeadvancement.
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it is going to take a strong hand and that is the ceos and these companies have to take responsibilities for the technology that they are building is it addictive, it this technology helpful or hurting their customers. this is something that every company and every ceo is going to have to do. as we build these great platforms and as every companies goes through their digital transformation, when it happens, you better pay attention to how this is coming together. >> the customer matters. if you are trying to get great gross matters, twitter, we can talk about, do they recognize that the person that matters and the products faith and truth matters that they may have a failed business model. >> every company has to decide if they are going to lead with
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value. their trust is highest value in salesforce when i am thinking about my leadership as a chrome if trust is not my highest value especially under the guise of new technology, then how am i leading? and everything has to ask that question, what is the most important thing to you if everything is important, nothing is important you know i believe that strongly what is the most important thing to you as ceo. and for us at salesforce it is trust. and customers that aren't leading with trust is going to pay the price. in san francisco, you will see companies where ceos aren't there anymore. >> you talked about uber, look, i want growth. sustainable growth these are people who get if they
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fwoori fwo are going to win in this world -- why >> there are three things you need for sustainable growth and number one is customer focus the second key thing you need for sustainable growth is a connection who is your community. who are your key stakeholders? your shareholders, your partners, your public schools, who is your community. what is your culture what are your values what is it like to be in your company? what does it feel like to be in your office or your events if you can put that together, customer, community, and customers, a willing success. >> will you be losing customers who don't fit your ethos. >> every ceo will have to decide are they going to fire their top sales executive because they did not match their values in the
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field or something did not happen i went through that. quite a few years ago now. and that is a tough decision, it is a lot of sleepless nights it is a defining decision for every ceo when they can say, this is what we stands for these values our values don't change. our numbers are changing. >> we have been among executives who have questioned a notion that values lead to higher stock prices when i listen to you, i think values are perhaps the determinant of higher stock prices. >> i can't agree more. >> but it is ethereal, not what we have been taught. >> are you focused just on your shareholders or on your stakeholders, your stakeholders are your shareholders but your customers, your employees, your
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community. we had a great quarter look at that on and off-balance sheet, deferred revenue >> i am calling best in eight years. my view. >> it was our best quarter we have had in a long time. an amazing quarter and we couldn't be happier. we just got "fortune" magazine best place to work 2018.
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has under armour found its
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sea legs in response the stock surged nearly 30% over the next few days under armour has spent ages struggling of course it was at 13 just days before the company reported. and even though under armour's guidance, investors believe it may be a beginning of a comeback management announced major restructuring and i want to know if it is focused here is the thing. still a lot of analysis with cell ratings out there they are downers if this is a turn, the up side can be enormous. i think it is time we check in with kevin plank the founder and ceo of under armour welcome back to "mad money." >> great to be here. >> have a seat couple of years ago, we were at
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the super bowl together. you gave me this ball. it said protect this house did you stop protecting the house? >> never let me tell you three things focused as a business. confident what we are doing. and we demonstrated over the life of the company, best at t getting better we are going to continue to do that. >> we are going to go through the dna. you say the fuel, the bones, the blood is our people. did you stop walking the halls >> no. none of that happen. when you go through growth, i think this is a moment in time for our business and brand take a step back into focus. you look at decisions and things we were doing in 2017. by the end of '16, approaching 5 billion in revenue and in doing that, there is a lot of strain that puts on your business, so we had to settle and get used
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to that we did three major things we upgraded our systems, implemented sap. never have to do that again. that pliability of a business to grow forever now we have distinct categories. >> we can stay closer to the consumer that way. what we found out, the consumer is an athlete, is an athlete which you will find when you hear from us is our focus on performance. >> in 2017, we were a loud company and a quiet brand. >> let's put the things in the front foot
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in 2013, we focused on the leadership about a dozen years at gore. another ten years at vf corporation. van's, timberlake, i have great respect for vf and most recently a ceo of addo. -- aldo >> is this the guys you stuck the finger in the eye and they woke up. >> first of all, we are under armour my job is to make sure we have a vision for the brand clear on establishing a clear go to market. he has a strategy, a supply chain and that allows us to build strategies like this >> this is a very hot year. >> it is a culmination of a year's worth of work this is the thing you will continue to see from our brand
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over and over. $140 shoe. this shoe has sold out in all our direct consumer. and it has got the three features that we look for. our spf factor style, great looking shoe. performance and technology comfort like nothing you have seen before. the shoe has a chip in it. i don't need my phone and i am track and tell you how far i went, my split, my distance and the cadence which is the side range. >> you had a chip on your shoulder, you were a baltimore guy, people didn't think you had it and you beat everybody internationally you are killing it and then u.s. fell down short-term cash constraints that is not the kevin plank which are we with right now? >> running, focused, moving
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forward. best at getting better, i want that theme to sink in. i have an 11-year-old girl and a 14-year-old boy, i say scars are cool, because they remind us where we have been, and keeps us focused. this is a company who continues to march forward. >> are you humble that it happened. >> i would like to think i never needed that lesson like all of us, we had an unbelievable run and we spent a long time focusing on our runs my job as a ceo of a company is to represent each and every teammate teammates in baltimore and in the 30 cities and offices we
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have all over the world and our retailers. this chapter 17 that we lived through and what we are doing in '18. >> you are as hot overseas as you are right now. is it getting hotter domestically because of these products and is international still strong, china? >> so first of all, the level set, the expectation, we are one of three brands now, four brands that is actually crossed that $5 billion threshold so we are on the press spis of saying we have the ability to be one of the great athletic brands we studied the consumer and put them in the center of what we do in china, under armour is known as a professional brand. in europe, in the uk, under armour is the athletic brand we are going to do great
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you will see markets, trends and fashion will go back did forth and we will play to that fashion is the root. >> there is also an ethos that i respected you and your family, you were david in david and goliath, goliath somehow came back, is there a second round for david? >> we are playing in a league and when one of the teams is cleveland and the other is golden state, stephen curry is going to have points lebron is going to score points. we are still standing. we are stronger than ever and we are going to win games. >> connected fitness, where is it >> 225 million people on our platform. >> how are you not killing it? >> so just to give you perspective, we will talk about insights that we have.
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just from the beginning of the year, over 99 million workouts miles logged and runned. 130,000 pounds lost through my fitness database makes us the most culturally centered >> you said 2018 is going to be okay is there any way 2018 is better than okay? >> the first thing we do is put one foot over the other. >> you are going to under promise and over deliver >> i want my team to feel that we have a balance of the plan. let them take root and let us
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become slept, and become that lou broad brand and quiet company. we will run that play. >> look me in the eye, are you the focus kevin plank? are you focused? >> nothing and no place i would rather be than right now at this moment, thank you jim cramer. >> thank you kevin plank, founder and ceo of under armour i think he is back stay with cramer
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to keep our community safe. before you do any project big or small, pg&e will come out and mark your gas and electric lines so you don't hit them when you dig. call 811 before you dig, and make sure that you and your neighbors are safe. something really stunning happened today although it may have been
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absecured by the hideous nature of few hours of trading. last night, papa john's reported a quarter that was widely seen as disappointing by 9:00 a.m. this morning, the stock was down 5%. the stock actually took off after the market opened. closing up 2.5% of the day that was puzzling. how does the stock put on a magnificent rally. let me give you background the thing that you need to ntd about papa john's is this chain is benefitting from low expectations a stock that has been a total dog for over a year. even after today's move, papa john's stock is down 36% from
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all time highs in 2016 this thing has not run even before last night's earnings report this was a down and out stock. when they reported last halloween, the numbers were in line but the stock got slammed. then ceo blamed the nfl which the company had a sponsorship had a deal with this let me read you a snippet. by now resolving the current debacle, nfl leadership has hurt papa john's shareholders even though the decline could have negative sales. many critics were quick to point out many of the company's sub par sales had to do with the sub
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par pizza than who is standing and who is kneeling. maybe the fault wasn't with the nfl stars, it was with the pizza itself papa john himself announced he was stepping down. the stock fell another 4% on the news so not like everything was hunky-dory but you need to understand the stock had already been punished. let's go to the number papa john's posted a 5%. sales down 3.9 year after year yet the stock rebounded. the reason not just that they signed the sponsorship with 22 of the individual nfl teams, the reason is it took me by surprise but let me give you something that is not exactly crazy. this stock papa john's has gone
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from a growth stock to a value stock. in the old days, they used to trade for the best of breed dominoes now it is 19 times the guidance and that does represent value at least in this market papa john's has been voracious about buying stock, its own stock. why does it matter this? this is a small $2 billion company. buy back is enormous the third and most important maybe papa john's is having a domino dominoes moment. dominoes was a mess, plagued by problem. and then ceo patrick doyle showed humility. admitting that the pizza tasted like cardboard that is when you knew dominoes
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was about to get serious turning itself around. it went from $10 to 22 today pa papa john's finally showed humility quote we know our potential is greater than our results and we are taking significant steps to reinvigorate our record. he continued, quote, actions are under way to improve our brand proposition how we connect can our customers and how we operate in the unit level. embracing new media, bringing in a new pr firm. i think investors having maybe just maybe richie will do for papa johns that doyle did for dominoes the very successful parent of
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burger king. i don't like to speculate on take overs, but if richie can get the numbers moving in the right direction, it is a different story. however, i am going to need more evidence that richie can work turn around magic before i give you my blessing on this one and i think he has to spend to stay even technologically, he is pretty far behind to catch up to dominoes now you know how a company can report one of the lousiest quarters of 2018 and still see its stocks surge higher. the people who bought the stock of papa john's are focused on the future it is worth weeping an eye on. but too soon to pound the table.
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>> announcer: lightning round is
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sponsored by td ameritrade it is time it is time for the lightning round on cramer's "mad money." we'll play this sound -- [ buzzer ] -- and then the lightning round is over. are you ready, skee-daddy? >> caller: thank you for taking my call. >> i talked about it with the team, we have it pull the trigger, just too cheap. david in new york. >> caller: hey, jim, thanks for everything you do to you and your staff i want to know is this a good time to build a position in johnson & johnson? >> i am going to say yes, but you have to do it in the way down andy in indiana. >> caller: booyah, i want to ask about steel case. >> i do like herman miller
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george in washington. >> caller: pleasure to talk to you. alibaba. >> great company you can buy some now, but maybe down ten, this market is skiddish russell in new jersey. speak to me. >> caller: yes, booyah, cramer. >> what's going on >> caller: psych one, it is a beast. >> i do not know site one. we are going to have to do homework allen in new york. >> caller: i am in new york at the moment and quick question. >> anything speck now. they do have 5g. i am done with the sale of nokia. let's go to steve in new jersey. >> caller: hey, jim, how about
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micron i thought i would buy it back, but it looks unstoppable. >> let's let it come down a little bit we know from hp it is having a good quarter good quarter yo why are you so good at this? >> announcer: lightning round is sponsored by td ameritrade >> announcer: lightning round is coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum -- just to help you improve your skills. boom! that's lesson one. education to take your trading to the next level. only with td ameritrade.
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i we worked with pg&eof to save energy because wenie. wanted to help the school. they would put these signs on the door to let the teacher know you didn't cut off the light. the teachers, they would call us the energy patrol. so they would be like, here they come, turn off your lights! those three young ladies were teaching the whole school about energy efficiency. we actually saved $50,000. and that's just one school, two semesters, three girls.
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together, we're building a better california.
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this may sound crazy, but every now and then, it is worth wagering on a loser. perhaps even a loser like lowe's after reporting a real ugly quarter. posted a 13 cent miss. sales came in at once .4%. its gross margins went the wrong way. transactions at lowe's lowe's own up to its not so hot execution. he add we'll be taking the
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necessary actions to transform our supply chain and better empower our associates in other words, they get it. they got to improve. i like that. still, in what universe may be the bizarro one. i have been a fan of the home depot since the 1980s. a place that has been so well managed that i think its stock is an excellent buy. tomorrow, one of the reasons home pdepot hereby help and as a avid gardner, i am a devotee of home depot last year, my annual pilgrimage to my home depot, i decided to take a peek at lowe's.
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in january investors, company added new board members. i think this company will do whatever necessary to regain the grounds lost to home depot lowe's home depot is attractive too, down 25 points from recent peak. home depot has 7.5% burk these guys have 4% they have terrific appliance sales not to mention good online initiative and they have pride which will spur them to deliver better numbers going forward this morning tjx put together a
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strong quarter wall street is looking for half that stock surge over five bucks. if low's can follow, both the company and the store, but in terms of their stocks, right now, i got to tell you, after today's session, stock of lowe's, too good to ignore stick with cramer.
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i think we should do that meeting tomorrow. well wait. what did you think about her? it's definitely a new idea, but there's no business track record. well, have you seen her work?
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no. is it good? good? at cognizant, we're helping today's leading banks make better lending decisions with new sources of data- so, multiply that by her followers, speaking engagements, work experience... credit history. that more accurately assess a business' chances of success. this is a good investment. she's a good investment. get ready, because we're helping leading companies see it- and see it through-with digital. i got afuny, no reason for the market to bounce in the opening. here is what has to happen we have got to get oversold and find levels where people say i am capitulating again. thank you for getting me out of this market. and then it starts all over. i like to say there's always a bull market somewhere. i promise to try to find it just for you right here on "mad money. i'm jim cramer, and i will see
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you tomorrow >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ is a couple with a follow-up to a very successful product. hi, sharks. my name is matt griffin. and i'm his wife, pastry chef emily griffin, and we're from carmel, indiana. we own baker's edge, and we are seeking $400,000 for 20% of our company.

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