 Alright, good Friday morning everyone. It is time to talk about the markets with Jim Kramer on the floor of the New York Stock Exchange, and Jim before we begin, you just spoke to someone very special. It's Fleet Week. Admiral Michelle Howard. She is a four-star U.S. Navy Admiral. And those of us, I mean my father served as Grandfather, now they were in the Army. Okay, so there was like, you know, Army Navy rivalry, but I want to know, to tell people that we should be very proud of the people in our armed services and thank them, how much this woman has done in terms of, I say, counteracting a notion of glass ceiling, of where you can go now. Obviously I'm a guy, so I don't have really a right to speak, but I can just tell you I'm honored by man, woman, it doesn't matter. Four-star Admiral, wow. You don't meet them very often. And I am honored to do so, and I thanked her for her service. We were all very grateful. Alright, let's move on to the markets. Jim, Salesforce. Yeah, look, Salesforce is now, it's making a move against Oracle and SAP, like I haven't seen it. And he came out swinging last night, Mark Benioff. And why is he swinging? Because he has this retail business that he's cobbled from demand where, which he bought, which is a really good acquisition and from crux. And what he's done, he's put together with Einstein, which is their artificial intelligence, a rather remarkable base platform, so that when you're on any retailer, you can have the same thing as Amazon. Now, when we order from Amazon, it always says, if you like this, then you might like that, and it gives you customer views and tells you what. Imagine a salesperson at a retail store who is armed with similar information about you, and they are making artificial intelligence go to work for bricks and mortar to compete with Amazon. He has eight out of ten of the largest retailers on his platform. This is a remarkable turn. It started when he bought ExactTarget. We tend to think of CRM as really managing your own Salesforce. No, this is a marketing cloud that is so powerful that I think it's going to be driving. What is a company that has got 10 billion in revenues to 20 billion in revenues in a shorter time than anyone ever believed. By the way, the deferred revenue, really fabulous here. The billed and unbilled numbers are 15 billion, almost 15 billion. That means that's actually like the cash. Anyone who ever thought this company was not making a lot of money, wrong. What about IBM telling its employees, hey, you can't work from home anymore? I think IBM is a company that is like Cisco, which we own fractional orders, frantically trying to make it so it's high. It's cognitive, and there they've got Watson, which by the way, they're in partnership with Salesforce. Mark likes that partnership. They are, I'm frantically trying to get it so that everybody is on the same page. They've got to grow revenues faster, but they have this big legacy business. And I think it is important to everybody that no work at home, because it's about teamwork. And Jenny Rometti is moving as fast as she can. Now, I know that Warren Buffet did not say that they're moving fast enough and he's unhappy with the stock price. But I would point out, I don't know what else she can do. She's due. I don't know what else Chuck Robbins can do. They are doing what's right, short of just going and buying while when Salesforce was lower. It's hard. Now Oracle, they're doing it. They bought a company. They bought a lot of companies. And SAP has bought a lot of companies. But you need to, if you want to stay in the cloud, or if you want to migrate to the cloud as an enterprise business like IBM, it takes some time. And you've got to give them some time. And I think they've done a good job. But people are tired of a stock that doesn't go on. I get that. All right. In real money, you talk about this interesting tech play Autodesk. Yeah. Autodesk is something when the stock was at 80, we went on Mad Money and said, look, here's the greatest stock you never heard of. Because Autodesk does the computer-aided design, computer-aided animation. They're behind a lot of movies. They're behind all the fast drive. When you want to design a car, you design a skyscraper. When you want to design a cell phone, it's their software. And people don't know them. Now, they had 183,000 net-add customers this quarter. And what I think is really important that people have to realize about Autodesk is they are the engine behind a lot of devices you see. And they have a subscription model. They didn't have that until 2015. It has just turned on the jets. It's making them so much more money than the way they used to do it. Remember, Salesforce is a subscription model. Workday is a subscription model. It's a really lucrative way to have recurring revenue. And that's a recurring revenue story. 90% of their business is recurring. The stock, obviously, too late to jump on it today. But you get one of those market-wide tell-us like we had over this week. Remember that company, Autodesk, ADSK. Alright, Bernstein analysts are now covering NVIDIA with $165 price target. Look, NVIDIA, you know, I listened to the NVIDIA, I listened to the Applied Materials call last night. And they talked about a shortage of machines to be able to make artificial intelligence chips. Wow, how good is that for NVIDIA? NVIDIA is gaming. And their gaming business is incredibly strong. NVIDIA creates artificial intelligence chips. If you listen to Jensen's quarter, and I've been telling everyone, go get Jensen's conference call because it's a tutorial. He will tell you how artificial intelligence is going to eat software. And he has the artificial intelligence suite. You have to use it. How do you know that it is? Okay, so let's get the Nintendo switch, this new Nintendo hot product. That, by the way, drove targets numbers up in electronics. That's powered by NVIDIA. NVIDIA's chips have more power than anybody else's. Does Intel want to catch them? Hence why they did Mobileye. Are Waymo's chips better? I don't know. Aldi tells me that no, NVIDIA's chips are better. Waymo is a company which obviously is Alphabet, I think is ahead. Great piece by Eric Johnson about where Google Alphabet is right now. But I want to emphasize to people that NVIDIA is one of the most expensive stocks I've followed, but it is the ultimate momentum stock in this market now. Even exceeding anything in Fang. And just a reminder, Alphabet is Action Alerts Plus. Yes, we own that, and we own Facebook too. Sometimes people say to me, well, Jim, why didn't you own this, that, that? You cannot run. If you're running a diverse-wide portfolio and you come in and you run Western Digital and you have Autodesk and you also have Facebook and you have Amazon and you have Netflix. You know, what you're doing is setting yourself up for a 2,000 situation if 2,000 doesn't car or repeats itself. So we try to stay diversified because that's the only free lunch. We can't do it. We're running charitable trust. If you want to be a gunner and you want to buy options and all those, hey, God bless you. I think that that's fine, but we can't do it that way as much as tempting as it is. All right, let's transition to some retail earnings. What did you make of Foot Locker? Okay, so Foot Locker, this was disturbing because now Foot Locker and Children's Place were the last two in the mall that were really doing well. And we always thought that Foot Locker was a little more immune to Amazon because kids' feet change size, so it's very difficult to just order online. That's why Children's Place has been so great because obviously kids change size all the time. You have to try it on. You can try it on with Amazon and send it back. We just go to Children's Place. But this was disturbing quarter because the CEO said it was disturbing. He was disappointed. He blamed this tax refund issue, the late tax refund. We've heard that from a bunch of people. My question on that is that some guys had it and some guys didn't. Costco didn't have the late tax refund. So it's a, I think that people are staying, wait a second, it's a canard. I don't want to write off Foot Locker. I've got to do more work. It's too good a company. But it says bad things about Nike and Under Armour and yes, even Adidas. Okay, and what about Gap? They also had a... Gap had some big swings. I mean, Old Navy is doing quite well and no one believes because everybody thinks that's a quintessential mall store, so why bother? So it's hard to get traction on that company and it's been so hit or miss. It's certainly not a good short. Okay, and raw stores? Raw stores are good. Raw stores had a good number relative to TJX and we want to buy TJX for axillers right now because we think they're Kitchinson. We think they're deliberately lowball. We think that things are really great there. But raw stores had a better quarter relative to TJX and people consider those two the same. And I would like to see... I think TJX is a much better buyer at this point. Alright, and what about John Deere? Deere is about international. I've been saying this over and over again. By the way, if you go buy, try to buy a Deere in Italy. Recently my wife tried to buy a Deere in Italy and she was directed toward Cub Cadet. Why? Because Deere is the highest price point. Why? Because they got the best service. I mention this because it was the international that drove Deere. International was incredibly strong. It was not U.S. and construction and the forestry business construction which has been lagging, it was also on fire and they gave you really good guidance for next year. Their level of confidence makes you feel terrific about Deere. Alright, then finally on stuff trading you talked about Cabot Oil and Gas. Well here, I mean a lot of people are kind of like agree that why I like Chesapeake and don't like Chesapeake. Look, what I said is that if you think it's going to be a hot summer then you're going to burn off a lot of natural gas inventories and that's going to drive up the price of natural gas. And the beneficiary, the most lever beneficiary is Chesapeake. The most unleaver beneficiary, just the one that has the lowest cost is Cabot Oil and Gas. So I'm saying it, if you believe... Now I don't like, as David Faber pointed out to me, Cluthys Jimmer, you like to want to play the weather. No, but other people do. If you want to play the weather, it's Chesapeake and then the higher quality one is Cabot Oil and Gas. Okay Jim Cramer, thank you so much as always and for more of the stocks Jim mentioned please head back to TheStreet.com. Have a great weekend.