Mad Money w/ Jim Cramer 10/13/26

GE Vernova

Across the shows: 1 speaker in other episodes, 1 bullish and 0 bearish calls, past 30 days

• Jim Cramer · CNBCBullish

  GE Vernova is a must-have turbine supplier with years-long backlog; chart is turning bullish.

  Cramer says new power plants need GE Vernova's turbines, and the waiting list for them stretches for years. Lang's chart shows the stock bounced off its 200-day moving average and is rallying on rising volume. The MACD made a bullish crossover in mid-September, and the TTM squeeze has broken into expanded positive volatility. Strong January call buying supports the view, and Cramer's charitable trust owns the stock and he says he would not sell it if it died.

  “If you're building new power plants, you need their turbines. ... The wait list for these things is years long.”at 18:18

• Jim Cramer · CNBCBullish

  GE Vernova benefits from the data center build-out through its power generation and grid equipment.

  Cramer groups GE Vernova with other data center infrastructure names. It supplies power generation and grid equipment, and although these companies serve different parts of the system, he argues they all stand to benefit from the same data center build-out. He gives no company-specific numbers, so the case rests on the mechanism alone.

  “[Gene Vernova] supplying power generation and grid equipment... They serve different parts of the system, but all stand to benefit from the same data center build out.”at 37:29

Acceleration

• Jim Cramer · CNBCBearish

  Acceleration's PE-controlled IPO and heavy debt outweigh strong data center demand; the stock is a pass.

  Cramer likes the business, which installs electrical, cooling and structural systems for data centers. Revenue rose from $181M in 2024 to $448M in 2025, first-half 2026 sales rose 170%, and backlog grew 165% to $1.1B. But the IPO was mostly secondary shares from Olympus-affiliated holders, with only about a third new money, so it raised about $170M after fees. Proceeds go to repay debt that was borrowed to fund a $299M distribution to existing shareholders. Gross margins fell, free cash flow is negative, roughly $500M of debt remains, and two customers accounted for over 60% of sales. Olympus keeps about 85% of the voting power, and the CEO's $3.6M purchase at the IPO price is a positive but not enough.

  “Plus, as much as I believe in the great AI data center build out, there are some real issues with [Acceleration].”at 32:38

• Jim Cramer · CNBCUncertain

  Acceleration is a watch-list name, not a buy yet, despite fast growth and a questionable moat.

  Acceleration grew 176% in the first half and trades around 34x trailing earnings or under 5x trailing sales, so Cramer says it looks cheap on out-year estimates and is not expensive to begin with. He doubts its moat: larger industrial rivals such as Vertiv, Eaton and Schneider Electric chase the same business, and shifting cooling methods and electrical architectures force constant spending to keep up. Troubled contracts are still winding down. He likes that the private equity sponsor keeps so much control. After a weak public debut, he is not eager to buy, flags delay and cost-overrun risk in data center construction as a threat, and says to wait about three weeks until after the election for political heat to fade before buying a data center supplier.

  “Here's the bottom line. Acceleration, it's an exciting story, but after it came public with a whimper, I am not too eager to jump on this one.”at 38:08

Wells Fargo & Company

Across the shows: 3 speakers in other episodes, 3 bullish and 0 bearish calls, past 30 days

• Jim Cramer · CNBCBullish

  Wells Fargo was unfairly punished; its growth, expenses and rate-sensitive outlook make it a winner.

  Banks sold off despite strong earnings, and Cramer argues Wells Fargo should have been a winner. CEO Charlie Sharf set up the bank to earn much more if rates rise, and gave a good view of next year. Cramer says Wells has good growth and excellent expenses, and he expects rates to rise next year because the Fed won't get inflation under control. He thinks the market has not recognized this.

  “I'd argue that Wells Fargo should have been winner, not a loser.”at 2:50

Micron Technology

Across the shows: 10 speakers in other episodes, 7 bullish and 2 bearish calls, past 30 days

• Jim Cramer · CNBCBullish

  Reported Chinese memory competition is nonsense; Micron's long-term take-or-pay contracts through 2030 protect it.

  A report said a Chinese memory chip could hurt Micron if Microsoft gets involved. Cramer dismisses it because no reputable US company would accept Chinese memory over confidentiality concerns. He points out that Micron has long-term contracts covering revenue through 2030 that are take-or-pay, and it is negotiating for 2031. He argues that if Chinese competition were serious, customers would not sign these long-term deals. He concedes that without those agreements he would be worried.

  “More important, do people not know how many long term contracts Micron has with its customers? How about [2026], which cover revenue until 2030? Take or pay.”at 7:33

Apple

Across the shows: 16 speakers in other episodes, 5 bullish and 6 bearish calls, past 30 days

• Jim Cramer · CNBCBullish

  Apple's new Siri-powered home devices will be big sellers, so buy Apple ahead of its foldable iPhone.

  At an Apple showroom, Cramer saw devices tied to a personal Siri assistant that uses personal knowledge and messages. He was impressed by a home device that recognizes up to six household voices and integrates with a doorbell camera. He says the stock is set to rally ahead of the foldable iPhone. He argues these devices will need a lot of memory and CPU power, and that Apple will sell a large number of them.

  “Apple's gonna make an awful lot of these devices. These are gonna be big sellers.”at 8:23

The TJX Companies

• Jim Cramer · CNBCBullish

  Betting TJX turns around; if it does not, Cramer would be very disappointed.

  Cramer has held TJX for a long time, and he says his favorite brands are its stores and HomeGoods. He says what he liked about Boot Barn's former leader, who moved to Ross, turned out to be less strong than what that leader has done. He is betting TJX turns around, and says he would be very disappointed if it does not. A caller said TJX is down about 8% this year, but Cramer does not dispute that.

  “I'm betting the [TJX] turns this around.”at 10:29

Vistra

• Jim Cramer · CNBCBullish

  Vistra's nuclear exposure and fresh chart breakout make it ready to run higher.

  Cramer says Vistra is one of America's largest independent power producers and owns four nuclear plants. The stock was hit until Google announced a major partnership with Constellation Energy, which lifted nuclear-exposed names. Vistra gapped up and held the gap, then rose above its 200-day average. Lang sees a bullish MACD crossover, a TTM squeeze breakout, and high-volume buying. Strong January call volume also supports the view.

  “the charts interpreted by Bob Lang suggest that Bloom Energy, [GE Vernova], and Vistra could all be ready to run.”at 20:54

Bloom Energy

• Jim Cramer · CNBCBullish

  Bloom Energy's chart is set for a breakout toward $400; fuel cells are ideal data center backup power.

  Cramer says Bloom makes fuel cells that produce electricity without burning fuel, which are quiet and clean and make good backup power for data centers. The stock fell from a $351 high to a summer low after its hedge fund holder unwound, then recovered. Lang's chart shows higher highs and lows on strong volume, with the RSI cooling from overbought and a MACD bullish crossover. A bullish flag pattern could break out above $300 toward $400, and strong January option buying at $350 and $400 supports that view. Cramer says the TTM squeeze reads red, suggesting a coiled spring, though he is unsure about that indicator.

  “the charts interpreted by Bob Lang suggest that Bloom Energy, [GE Vernova], and Vistra could all be ready to run.”at 20:54

Johnson & Johnson

Across the shows: 5 speakers in other episodes, 5 bullish and 0 bearish calls, past 30 days

• Jim Cramer · CNBCBullish

  J&J's post-earnings selloff is overdone; its drug portfolio is among the best in the industry.

  J&J beat on revenue and earnings and raised full-year sales and EPS guidance, but the stock fell nearly 6% after its report, having run up sharply before. Pharma drove the quarter: immunology grew strongly with Tremfya, oncology grew in the mid-teens, and neuroscience rose 17%. Medtech was a little light but drags only on about 35% of the business. The planned DePuy Synthes spin-off is sensible. The stock trades near 22 times the midpoint of guidance and about 20 times next year's estimates, yields 2.2%, and has a AAA credit rating. Cramer's charitable trust owns it, and he sees the December 8 investor day as a potential catalyst.

  “I think this company is one of the best drug portfolios in the industry.”at 28:16

Element Solutions

• Jim Cramer · CNBCNeutral

  Hold Element Solutions; the Solstice deal diluted value that investors felt was given away.

  A caller who doubled down before a proposed merger was terminated asked whether to hold. Cramer says to hold Element Solutions. He says the Solstice deal debuted and diluted Solstice's equity, and investors felt Element Solutions was giving value away, which he thinks was correct. He offers no valuation or fundamentals beyond that.

  “Element, so you hold on to Element Solutions. The solstice deal debuted. It really diluted solstice's [equity], and people felt all men solution was being given away, and I think they were right.”at 40:06

SailPoint

• Jim Cramer · CNBCBearish

  SailPoint survived predicted AI-driven trouble, but Cramer dislikes the company and won't own it.

  Cramer says SailPoint was expected to be the Achilles heel of enterprise software, with predictions of bankruptcy or serious trouble. Those predictions were just talk, and the company has held on. He says he doesn't like the company, though. He offers no financial metrics, so the bearish view rests on his dislike rather than on evidence.

  “Look, I don't like the company, but I gotta tell you all the things that said it was going to go bankrupt or some really big trouble. Those were just talk.”at 40:30

CoreWeave

Across the shows: 2 speakers in other episodes, 0 bullish and 2 bearish calls, past 30 days

• Jim Cramer · CNBCBullish

  CoreWeave is the one neocloud Cramer trusts and would want exposure to.

  A caller asked about a neocloud stock tied to an uncertain Anthropic deal. Cramer says that if you want exposure to the neocloud business, CoreWeave is the only one he trusts and wants to own. He calls it the real deal. He gives no numbers, so the endorsement rests on his trust in the company rather than on evidence.

  “I say if you wanna be in that business of the neo cloud the only one that I trust and want to be in is [CoreWeave].”at 41:00

Starwood Property Trust

• Jim Cramer · CNBCBearish

  Starwood Property Trust has performed badly, and Cramer won't own it despite its manager's record.

  A caller says the stock has fallen from a high of about 27 to about 12.57 and asks whether the dividend is safe. Cramer calls its CEO, Barry Sternlicht, a good investor, but says the stock has not turned out to be an investment. He says it doesn't compute and that he doesn't want to own it. He offers no balance-sheet or dividend data.

  “I don't wanna own that. It just doesn't compute.”at 41:36

Penguin Solutions

• Jim Cramer · CNBCBullish

  Penguin Solutions is a buy despite being a meme stock, because it has real business.

  Cramer acknowledges Penguin Solutions has a meme-stock reputation but says it has real underlying business, so he says a buyer could buy it. He gives no numbers or specific evidence beyond that.

  “I got to like penguin solutions. I know it's kind of a meme stock, but I gotta tell you it's got real business.”at 42:08

MasTec

• Jim Cramer · CNBCBullish

  MasTec, cut in half, should be bought; Cramer is adding it as a new position.

  MasTec has been cut in half, and Cramer describes its chart as the worst pattern, with the stock sitting near the bottom, like base camp. He says it should be bought and that it is a new position for him. The case rests on the depressed price and technical pattern, not on fundamentals.

  “It's been cut in half. This thing has been crushed... I'm going to say you buy [Mastec]. I don't care. I think it should be bought. That's a new position for me.”at 42:30

US Treasuries & yields

• Jim Cramer · CNBC

  Interest rates track oil, so oil spikes from the Iran standoff could drive yields up and hurt stocks.

  Cramer says interest rates and oil have been trading together, which weighs on the stock market. When oil rises, rates rise with it. Because the president has no clear plan to resolve the situation with Iran, Cramer sees a risk that rising rates could crush the market. On days when oil eases, the pressure is mild.

  “But when oil pops higher, interest rates come with it. Given that the president doesn't seem to have a game plan to settle things with Iran, we never know when the chain will turn into the wrecking ball and crush the stock market.”at 2:11

US rates & the Fed

• Jim Cramer · CNBC

  The Fed will fail to bring inflation under control, so rates will rise next year.

  Cramer says the market has to believe the Fed won't be able to get inflation under control. He expects rates to go higher next year. He ties this to the outlook for Wells Fargo, which he argues benefits from higher rates. He sees higher-rate expectations as the backdrop for bank stocks.

  “we have to believe that the Fed won't be able to get inflation under control, and we are gonna see rates go higher next year.”at 3:08

AI chips & semiconductors

• Jim Cramer · CNBC

  Semis rarely bounce quickly after long losing streaks, but demand from AI devices remains strong long term.

  The semiconductor index fell 7.22% over six days, its longest losing streak since May of last year. Cramer notes the group has had streaks that lasted long, so he does not expect a serious bounce soon. He adds that past streaks were followed by large gains, so the group could recover eventually. He also argues that demand from AI-enabled devices and memory and CPU needs is real and will persist, even though the SMH ETF and SK Hynix are driving the selloff.

  “In short, when the semis roll over, it tends to last for much longer than you might hope. So don't presume we're about to have a serious bounce after the worst streak of the year.”at 4:21

Power demand & the grid

• Jim Cramer · CNBC

  Data center buildout drives record power demand; data center politics may delay the energy renaissance until after midterms.

  Cramer says electricity demand is growing at the fastest pace in decades because of the data center buildout. He cites Bob Lang's figures: about 4.1% compound annual electricity demand growth over four years, data center power capacity growing about 15.9% a year, data centers needing 31 gigawatts last year and about 66 next year, and worldwide consumption rising 165% from 2023 to 2030. He thinks the energy renaissance is durable, though the power stocks peaked over the summer and may stay on hold until after the midterms, because data centers are politically unpopular with state and local leaders.

  “I think the energy renaissance is here to stay, even if it might be on hold until after the midterm elections because data centers are too politically toxic for state and local leaders to embrace.”at 13:27

AI infrastructure & data centers

• Jim Cramer · CNBC

  Too many data center stocks, and political backlash over data centers is hurting the group.

  Cramer says there are far too many data center stocks, and that is a major reason the group is struggling. He says the sell-off in data center names reflects politicians who say data centers can no longer be built in a midterm election year. He notes a recent new listing that fell from its IPO price, and says the political blowback makes it hard for the group to recover.

  “Boy, there are way too many data center stocks. That's one of the big reasons why the group is just awful.”at 31:29

IPOs, M&A & deal activity

• Jim Cramer · CNBC

  This is a poor time to IPO given high oil prices and rising rates; companies should have gone sooner.

  Cramer says the IPO market is hostile because oil prices remain high and interest rates are steadily rising. He cites OpenAI pushing its IPO to next year and Anthropic not going public until November at the earliest, and says a smart ring company pulled its IPO on the same day as Acceleration went public. He says that company was a big mistake, since it should have gone when the window was open, and he does not know when the next good time will come.

  “It is no longer a great moment to come public.”at 32:06

Software & SaaS

• Jim Cramer · CNBC

  AI disruption fears for enterprise software were overblown; the sell-off was a buying opportunity.

  Cramer points to Salesforce, Veeva Systems and Workday, which rallied sharply as their businesses strengthened. He says all three were supposed to be disrupted or destroyed by Claude, ChatGPT or vibe-coding rivals, and that never happened. He says the earlier-this-year sell-off in enterprise software stocks was a fantastic buying opportunity. He notes Adobe is the exception to the otherwise strong group.

  “Remember, all three of these companies were supposed to be disrupted, if not destroyed, by Claude or [ChatGPT] or some vibe coding competitor. It never happened. When the enterprise software stock sold off hard earlier this year, that turned out to be a fantastic buying opportunity.”at 43:49

Private credit

• Jim Cramer · CNBC

  The feared private credit collapse never happened; the panic was overdone, though risks linger.

  Private credit funds were heavily exposed to enterprise software, and fears that AI would displace software led to redemption panic and sell-offs. Cramer says only two software companies went bankrupt, which is not enough to create real worry, and the feared collapse never came. Blackstone executives committed $150 million of personal capital during the panic. He suggests valuations may be higher than thought. He will not recommend the funds, which he has never seen as offering much upside, and he downgrades the issue to a concern. He says the real threat now is the bond market: a sharp rise in rates would hurt, but he expects these firms to survive.

  “In retrospect, though, the private credit collapse we were warned of never came true. The Blackstone investors didn't get blasted.”at 44:49