Transcript:
CAROLINE WOODS
Mad Money’s Jim Cramer is back at the desk. He’s co-founder of TheStreet and author of How to Make Money in Any Market. Jim, great to have you back.
JIM CRAMER
Oh, gosh. Look, I, I do miss the street. I think you do a fabulous job.
CAROLINE WOODS
Well, we love when you join us. And today we’re putting your playbook to the test in this market. Sure. But before we talk about making money in this market, I want to get a vibe check from you in terms of how you’re thinking about the market. Because we have stocks near all time highs, yet there is tension in the Middle East that seems to escalate, right.
On a daily basis we have oil above 90. We have a fed chair that could be uncertain. It doesn’t really seem like the backdrop for that supportive of stocks.
JIM CRAMER
It does help us make sense. Let me tell you I look at it, I’m a creature of the bond market. I learned this during my first week at Goldman Sachs, when I was kicked out of the office. When I was asked about what I was thinking about the market. And I just literally it was, you get out of here.
And the reason why was that I didn’t start by saying, you know what? The bond market is stable. The bond market is tame, a much bigger bond market. Just give me a set of clues. This bond market has done nothing, even with oil, when it spiked to 100. It just doesn’t a 105. The bond market gives you the license to buy what you want.
And that’s what I’m doing.
CAROLINE WOODS
Market actually signaling.
JIM CRAMER
Not signaling low inflation. It’s signaling that we’re going to have a fed that’s going to ease its it’s signaling that whatever you see that is up in price, too much is going to come down. And therefore stocks are a great buy yet.
CAROLINE WOODS
Stocks are at all time highs right now for someone that’s listening. And they’re sitting in cash right now because maybe they missed out. Is it time to buy the breakout or is it time to be patient?
JIM CRAMER
Well, first of all, I’m sorry that they didn’t catch it because we’ve been pretty constructive. But I would say that you have to buy the little dips that you get or the little dips that you, of the stocks that you might want because there’s been rotations where stocks have gotten hit, of which there are some very good stocks.
CAROLINE WOODS
What’s an example like.
JIM CRAMER
Far more right now Jay and Jay’s fantastic Cardinal health is down this. If it’s a bad company that’s ridiculous. Merck has retreated all the way. I even think, frankly, I know it’s probably some people feel sleepy, but Eli Lilly will work here. Because I think the pill form numbers are going to be very good. But Johnson Johnson, my favorite.
CAROLINE WOODS
If you’re already invested, is it time to trim or is there still a lot of room.
JIM CRAMER
You might want to trim and then get into something else? Because I think that again, part of the rotation is just gifts. They just give you these gifts and you got to take them. You can’t just say, I don’t like the market. You have to do it case by case because there’s so much opportunity.
CAROLINE WOODS
So give me an example of an area in this market that would be good to trim right now, given the run up that we’ve seen in another area outside of pharma that.
JIM CRAMER
I want to show the oils, except for Chevron, because Chevron has got a good yield, but those have had if you’ve noticed, they don’t go up that much anymore. When, oil goes up, they’re like, it’s their last breath. So I think that you can rotate out of those and rotate out of the refiners, I don’t think.
And these are where people have made a lot of money, but I think it’s time to move on. I don’t really like gold at all. Now, gold is can be a fundamental part of your portfolio, but I don’t like it for trade. Even any co-equal Newmont. I just think that gold is way overplayed. So is silver.
So is uranium, for that matter. Except for some. Some. And I don’t think that people should be, buying rockets. Space is coming. That’s all you need. I also don’t think that people should be going nuts for interest rate plays until we get closer to being improved.
CAROLINE WOODS
Okay, so outside of pharma, where should that money that you’re trimming be put to work?
JIM CRAMER
Okay, I still believe in the data center. Partially. Okay. And I can break down everything in the data center. I really, really like,
CAROLINE WOODS
Break it down.
JIM CRAMER
Okay. We want all your first. I want, I want memory. So I when she went west you digital I once had this guy one micron at these levels. Absolutely. Okay. But you buy small and then you wait. Okay. I mean, for instance, today, you and you, you’ll have some of these rotate down. I mean, less than digital down.
And you might want to buy a little. Don’t buy all at once. I mean micron when they reported the stock got hit last time maybe it maybe gets hit again. It wouldn’t shock me. I really, you know, I like semis very much. I still think Nvidia can be bought. Believe it or not, AMD can be bought, but not big.
Marvell can be bought, but not big. I like networking, which means I like CCNa. I like, Arista Networks. I like fiber, which means I like momentum. And I really love Corning. I think Corning is terrific. And to the point where I think that I could go to $200. So we have a lot of companies like the coherent is really, really great.
These are all laser within the data center, and you got to go to the data. You can even do a core weave, which is a data center build or look. Verdict. Verdict is down on, on its quarter. But it was really a beautiful quarter. So, the data is the reason why I’m in favor of the data center.
I know everyone think I’m late, but. And I’ve liked it more long, to be fair to me, but, we’re in the fourth industrial revolution and the fourth industrial revolution. We’re still at the stage where even trying to convince people it’s happening, all those stocks are integral to the industrial revolution. They’re part of what Jensen Wong, the CEO of Nvidia, would say is the power layer and the network layer.
And, you know, if you want power layer, there’s no, no better Stockton G Rover which just reported amazing quarter but is so not done. I mean, it is just the only game in town when it comes to providing power to the data.
CAROLINE WOODS
So are there any that are actually a good value right now though?
JIM CRAMER
Are you like down like.
CAROLINE WOODS
Yeah, like cheap enough to actually buy because it’s hard from Holdings.
JIM CRAMER
ARM Holdings because ARM Holdings has introduced a CPU. The CPU is the basic building block. That’s what senior PC people don’t realize. Is this new at Genting, part of the fourth, fourth industrial revolution, where you have agents doing things that are programed, by by artificial intelligence, they need CPUs. So you’ve had, great. There’s only three CPU companies, there’s AMD, there’s Intel, which is also still a buy, but then there’s ARM Holdings.
Arm just got into the business and it does seem reflective. They’ve gotten into it. So ARM represents real bad okay.
CAROLINE WOODS
You know you mentioned Nvidia but you’ve been calling for the breakup of the mag seven. Which of the mag seven still deserve the magnificent title and which are crowded?
JIM CRAMER
Okay. Well, a lot of them have come back to life. More I.
CAROLINE WOODS
Just recently.
JIM CRAMER
Doesn’t own Tesla just because a lot of the good stuff at Tesla is buried within an auto company, and I don’t think the auto business is that good. From from best to worst. Okay. Nvidia stuck at 200. It hasn’t gone up. And yet all that real excitement is when these companies buy and veneer chips, and they all have the video chips.
Come on. I’m now I’m looking at a situation where you’re kind of like, you can buy Google’s chips. Not nearly as powerful. Will be benchmark. You can buy Amazon chips, but they’re nowhere near as good as Nvidia, which have much greater power, can do much more. So that would be number one. Then. Number two is still alphabet Google, which is doing very well, but it’s not.
I remember you’re buying YouTube, you’re buying, Google Cloud Services, which is just talking about great is your voice. And you know you’re you’re buying search which is absolutely terrific. You’re buying Waymo, which is great. These are all fantastic properties and they’re all within one, you know, all over the.
CAROLINE WOODS
One. All right. So for the sake of time Nvidia I like number three and Amazon.
JIM CRAMER
And the Amazon is just now getting credit for Amazon web web services getting hotter. Look I would have put Apple up top. But you know I gotta get to know this new guy. And I don’t know I know Tim Cook really well, but I don’t know. This meta is like he’s just now got a new form factor Mark, but it’s not as good. It’s very inexpensive.
CAROLINE WOODS
So what comes in at number four order Apple.
JIM CRAMER
Oh app. Apple. And then meta. And then you know you’ve got
CAROLINE WOODS
Well Microsoft and Tesla.
JIM CRAMER
Those are tough okay. So let’s talk Microsoft. Microsoft may actually represent value. And that’s because they have so much cash. And they have copilot which is not that good. But they could go make an acquisition or an acquisition or two. I mean, I just saw one of this the that it’s not a up space go, but go buy a product called cursor, which all the young people right there, that’s how they write their programs on.
And I think that’s a great deal. Even with 60 billion, that’s just a great idea. And so they’re willing to take bold action. I will like anthropic because it’s business, you know, it’s an entrepreneur enterprise. And I might like OpenAI where it comes public. So OpenAI space is rapidly very exciting.
CAROLINE WOODS
It’s just quickly, what’s a software name that you would buy right here that you don’t think will be as disrupted as some of some of the others.
JIM CRAMER
That won’t be disrupting caterpillar won’t be disrupted. New core won’t be a software name. Oh I’m sorry.
CAROLINE WOODS
So sorry. But I was like, are we really sure.
JIM CRAMER
They’re all there all the time?
CAROLINE WOODS
So there’s not there’s not a clear buy here given the pull that they’re all saying. Okay,
JIM CRAMER
ServiceNow is vulnerable. They’re in poor Salesforce. Great company report. Microsoft is a hybrid company, but the part that can be, duplicated is problematic. Adobe no. Go be. No.
CAROLINE WOODS
We spent a lot of time talking about tech, but we’ve also seen this rotation into other names. We have names like Costco and Walmart that are actually pretty close to us as well. How should investors be thinking about rotation?
JIM CRAMER
Inflation plays? I mean, the consumer is not that strong. Should you buy TJX? You buy Costco, you buy five below, you buy Dollar General, and you buy Walmart, and you can buy any one of those or any combination of those. You can pick two of them, weep for the Chapel Trust and pick TJX, which been a monster winner.
We’ve on Costco. I don’t even know you know.
CAROLINE WOODS
Where you get your gold bars. So we’re before we get to our rapid fire round of this or that, which I know you’ve played with us before. We do have a few audience questions that I want to get to, and for the sake of time, we’ll have to keep these pretty rapid fire as well. Bruce says any sectors you’d avoid right here?
JIM CRAMER
Yeah, I out of gold and I would avoid oil.
CAROLINE WOODS
Okay, Julian, I demand is there. But how on earth is it going to be monetized fast enough?
JIM CRAMER
Okay, that’s a really great question. And I think that you have to wait till 2027, 2028 when you see a really good return for everything that they put in everything.
CAROLINE WOODS
Tim. Our factor ETFs are good. Set it and forget it strategy.
JIM CRAMER
No Tim. Don’t do ETFs. Pick stocks. Give me a break.
CAROLINE WOODS
Because of fees.
JIM CRAMER
Yeah yeah well I just think go in the S&P 500 period underscore okay.
CAROLINE WOODS
Rebecca says where are the best buying opportunities. You’ve given a lot. But one name that you haven’t given yet okay.
JIM CRAMER
Rebecca. Corning. The fundament of the data centers no longer be copper. It’s going to be fiber. And the only maker of fiber that’s good enough is Corning. Imagine that. You having one.
CAROLINE WOODS
All right. Erin says best and safest health care stocks that have potential psychedelic breakthroughs.
JIM CRAMER
Okay, I had a okay. Second thought. I have one on the other day. I these are too speculative for me. Johnson Johnson has unbelievable has the thing called bravado which kind of has that and is, very, very.
CAROLINE WOODS
But, you know, that’s not too speculative for you. What’s.
JIM CRAMER
No, that’s Triple-A balance sheet. Really inexpensive stock. Okay. I think everyone should buy JNJ in its core position.
CAROLINE WOODS
Okay. And of course, because there will always be people who comment in verse Cramer. Oh you have to ask you I mean I do think it.
JIM CRAMER
Is they but I guess they shorted. Did they short Nvidia $2. They short Apple.
CAROLINE WOODS
It’s my understanding the inverse Cramer ETF actually shut down because it couldn’t keep up with your winners.
JIM CRAMER
I mean my wife asked that Inverse Cramer and I said I don’t read anything about me. I haven’t in five years now. And my life has been much better.
CAROLINE WOODS
But aside from Nvidia, what’s one recent call that proves the crowd is wrong? Background.
JIM CRAMER
Okay, my, Cardinal health. I’m quite surprised how bad it’s been. It’s not devastating anything Cardinal health in Nike or my two bad ones. I don’t think, I’m not sure Nike can come back as fast as I’d like. And Cardinal Health is just a buy. I refuse to believe I’m wrong. I just refuse that.
But I am wrong so far. Okay. All right. Wrong.
CAROLINE WOODS
Time for our rapid fire game of the year that do that. Quick questions, quick answers. You know, you know a thing or two about lightning rounds. You ready? That’s all right. This rally broadening out or running on fumes.
JIM CRAMER
Running on fumes.
CAROLINE WOODS
By the break out or wait.
JIM CRAMER
Wait.
CAROLINE WOODS
Stock pickers market or just by the index? Stock pickers take profits or let your winners run.
JIM CRAMER
Lottery winners run.
CAROLINE WOODS
Small, mid or large caps.
JIM CRAMER
Only large.
CAROLINE WOODS
S&P cap weighted or equal weight.
JIM CRAMER
Cap mag seven.
CAROLINE WOODS
Still leadership or crowded tracksuit. Leadership mag seven or the rest of the market.
JIM CRAMER
Makes seven.
CAROLINE WOODS
Eye chips or eye power.
JIM CRAMER
Hey chips.
CAROLINE WOODS
Nvidia buy or trim here.
JIM CRAMER
Out of your mind. Don’t Nvidia’s own don’t trade.
CAROLINE WOODS
More upside Walmart or Target.
JIM CRAMER
Ooh very tough because target’s really running here. But still when you Walmart.
CAROLINE WOODS
Better buy after earnings RTX or G Ivanova.
JIM CRAMER
Oh my god G from Nova because it doesn’t have any near-term war risk.
CAROLINE WOODS
G for Nova or Boeing.
JIM CRAMER
Loved Boeing.
CAROLINE WOODS
Better airline stock United or.
JIM CRAMER
Delta G’s. Delta’s a better run company. Let’s go with Delta.
CAROLINE WOODS
Okay, but you probably fly United, right?
JIM CRAMER
Well, because I live near new Jersey.
CAROLINE WOODS
Better health care about CVS, UnitedHealth.
JIM CRAMER
UnitedHealth I was an amazing quarter.
CAROLINE WOODS
Is UnitedHealth still a buy here? Yes or no? 500 luxury bet or Mars or Ferrari.
JIM CRAMER
A Ferrari. Amyris had a really bad quarter.
CAROLINE WOODS
Ferrari recurring.
JIM CRAMER
Curry had a really big quarter go for.
CAROLINE WOODS
Berkshire without Buffett or Apple without cook.
JIM CRAMER
Oh my god, oh my god. Apple outlook.
CAROLINE WOODS
One speculative name you like right now. You know.
JIM CRAMER
Yeah.
CAROLINE WOODS
Uranium retail investor right now. Underexposed or overconfident?
JIM CRAMER
Underexposed.
CAROLINE WOODS
More promising IPO anthropic or OpenAI.
JIM CRAMER
Anthropic.
CAROLINE WOODS
Anthropic or space X.
JIM CRAMER
Space X.
CAROLINE WOODS
Rate cuts. Bullish catalyst or signs. Something’s breaking.
JIM CRAMER
Super bullish.
CAROLINE WOODS
One word to describe how your feeling about the market for the rest of 2026. Sanguine Jim Cramer always a pleasure. We should note for those people who haven’t read your book yet, there’s an opportunity to actually get a signed copy. How do we do that?
JIM CRAMER
Okay, you just become a member of a CMC investing club and there’s a nice discount right now if you join, I everybody loves it. So what can I say? It’s it’s been a labor of love for 20 years. And people get a kick out of it, but get a signed book. Right.
CAROLINE WOODS
And I should say, I actually have my signed copy here.
JIM CRAMER
You’re terrific.
CAROLINE WOODS
But I listened to the audio version and you read it to me, so that was great.
JIM CRAMER
Yeah, I spent I ruined a lot of Saturday.
CAROLINE WOODS
So.
JIM CRAMER
I didn’t get to to I didn’t get to harvest my garden and gardeners. My 37th annual garden.
CAROLINE WOODS
Well, there’s always this.
JIM CRAMER
Oh my God, is there ever.
CAROLINE WOODS
Chance you are fresher?
JIM CRAMER
And I do miss the street. But that’s a we.
CAROLINE WOODS
Love that you come. Come back and say hi every time.
JIM CRAMER
I would do.
CAROLINE WOODS
All the time to time. And, thank you for helping us make money in this market.
JIM CRAMER
You’re terrific. Thank you.
CAROLINE WOODS
That’s Jim Cramer. Want more Cramer. My last interview with Jim dives into his investing playbook and the exact strategy he uses to find breakout stocks. Check it out.
