Speaker · Updated
Jim Cramer: latest market views
CNBC
Summary
Jim Cramer is the host of CNBC's 'Mad Money' and a co-founder of TheStreet, known for his stock-picking commentary and retail-investor focus.
Chorus has 98 views from Jim Cramer across 8 episodes on Mad Money with Jim Cramer since October 19, 2026. Their latest calls: bullish on Amazon.com, Brinker International, CrowdStrike Holdings and Micron Technology; bearish on Alphabet, AMC Entertainment Holdings, e.l.f. Beauty and Fortinet.
Where they stand
Their latest bullish or bearish call on each company.
- AlphabetBearish ·
- Amazon.comBullish ·
- AMC Entertainment HoldingsBearish ·
- Brinker InternationalBullish ·
- CrowdStrike HoldingsBullish ·
- e.l.f. BeautyBearish ·
- FortinetBearish ·
- Micron TechnologyBullish ·
- MicrosoftBullish ·
- NetflixBearish ·
- Palo Alto NetworksBullish ·
- SalesforceBullish ·
- The Hartford Insurance GroupBullish ·
- Vertiv Holdings CoBullish ·
- WorkdayBullish ·
What they talk about most
The latest views
Newest first. Every quote is checked against the episode's transcript.
MicrosoftBullish
Microsoft's cash-flow-positive discipline and strong Azure and Copilot results make the stock set to soar.
Microsoft reported a strong quarter with Azure cloud growth of 48%, above the expected 45%. Copilot started slowly but is now a fast-growing enterprise AI product that is sticky, unlike consumer businesses. Microsoft kept spending within its means, stayed cash-flow positive, and indicated it will remain so for the rest of the year. The market had punished its conservative style earlier, but that discipline is now rewarded versus Alphabet's heavy spending. Cramer says Microsoft is a buy here after an unnecessary dip and calls it going to be number one. His trust owns the stock.
“Copilot started slow, but it's becoming a screaming success. One of the fastest growing AI products in the enterprise, which is incredibly sticky and not like the physical consumer business.”at 4:36
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/29/26 ·
AlphabetBearish
Alphabet's stock won't rally: negative cash flow, slowing search and ongoing stock sales weigh on it.
Search growth slowed, which Cramer calls something that hasn't happened in ages, and YouTube growth also slowed. Only the cloud business was strong. Alphabet went cash flow negative for a second straight quarter and could spend even more next year. It still has about $27.6 billion of its at-the-market stock sale program left, and Cramer says companies with ATM offerings weigh investors down. He also says Alphabet pays about $920 million per month to SpaceX for compute because it doesn't have enough chips. He says he doesn't want to buy more Alphabet and that the stock won't rally, and his trust owns the stock.
“Alphabet went cash flow negative for the second straight quarter.”at 5:45
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/29/26 ·
Amazon.comBullish
Amazon is a buy: AWS growth and record margins outweigh the retail miss and sell-off.
Amazon missed on top and bottom line, with weak domestic and international retail, and its fourth-quarter outlook disappointed. Cramer argues the quarter was stronger than the headlines. AWS is a $180 billion run-rate business growing 39%, and he cares much more about it than low-margin retail. Operating income was nearly $2 billion above consensus, and the 13.9% operating margin was the highest in company history. The EPS shortfall came from higher interest expense after heavy debt issuance. He calls Amazon a buy and says his trust owns it.
“I care much more about AWS, a $180,000,000,000 run rate business, growing an astounding 39... than I care about the low margin retail businesses at this point.”at 7:03
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/29/26 ·
e.l.f. BeautyBearish
e.l.f. Beauty is expensive at a P/E near 150; trim the position by a third.
A caller who bought e.l.f. Beauty after Cramer recommended it at about $15 to $17 is up around 475%. The caller says the P/E is about 150, which is a red flag. Cramer agrees the stock is now expensive, just as he had warned. He recommends the caller cut the position by a third and let the rest run.
“...And now it's expensive, just like you said. I want you to cut the position by a third.”at 9:23
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/29/26 ·
Brinker InternationalBullish
Selling Brinker after its strong quarter was a mistake; Chili's comps show upside.
Brinker shares rallied all summer, but investors took profits as oil prices and interest rates climbed and consumer stocks got nervous. Cramer calls that a big mistake. Brinker then reported a quarter that shot the lights out, driven by Chili's, which posted 10% comparable sales. That beat even the highest Wall Street bar, and Brinker raised its full-year sales and earnings outlook. The shares jumped more than 12% on the report.
“Yesterday morning, Brinker reported its latest quarter and shot the lights out. Excellent quarter driven by another remarkable result from Chili's, which had 10% comps in the period...”at 14:50
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/29/26 ·
The Hartford Insurance GroupBullish
Insurers like The Hartford are steady stocks that don't swing wildly like others.
Cramer says that at an uncertain time, investors might consider steady property and casualty insurers like The Hartford. After a solid Monday report, he says he likes the insurers because they don't go up and down crazy like many stocks on the screen. He points to The Hartford's steady business over the last several years and its stable execution.
“I happen to like the insurers. You know why? Because they don't go up and down crazy like so many of the stocks that you're watching your screen right now.”at 31:23
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/29/26 ·
Vertiv Holdings CoBullish
Vertiv's big beat and raise, with 55% organic growth, shows its business is strong despite sentiment.
Vertiv delivered a big beat and raise. Revenue jumped 61%, including 55% organic growth versus the roughly 35% Cramer expected. Adjusted earnings beat estimates by 39 cents, and management raised its full-year outlook. Even after the rebound, shares were still down 35% from their May high, though up about 52% for the year. Cramer notes that data centers are unpopular with many people, yet Vertiv's business is as strong as ever.
“Yesterday before the bell, Vertiv delivered a big beat and raise... revenue jumped 61%, including 55% organic growth, which we were just looking for 35%.”at 31:43
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/29/26 ·
AMC Entertainment HoldingsBearish
AMC should be sold because its heavy debt outweighs the appeal of its low share price.
Cramer acknowledges that a $3 stock looks attractive on price, but says AMC carries a very bad debt position. He will not recommend a stock carrying that much debt, so the stock should be sold regardless of time horizon. The argument is the leverage risk, not the business or box-office trends.
“Long term, short term doesn't matter. I think that this stock is... Should be sold. [...] They have a very bad debt position.”at 41:24
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/29/26 ·
NetflixBearish
Netflix's stock can't lift because its content is scattered across rival platforms, hurting viewer loyalty.
Cramer says the stock has been unable to rally and that he watches Netflix all the time, yet people no longer reliably know which service carries a given movie, such as a Ben Affleck film. Because a show could be on Amazon, HBO or Apple instead, viewers don't default to Netflix. He calls this Netflix's biggest problem. The support is anecdotal and he gives no subscriber or engagement data.
“And that's Netflix's biggest problem. [...] Maybe it's on Amazon. Maybe it's on HBO. Maybe it's on Apple. I mean, like, who even knows?”at 42:12
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/29/26 ·
Cybersecurity demand is not slowing; Fortinet's weak quarter is company-specific, not a sector signal.
Cramer notes that enterprises are prioritizing cybersecurity spending above most other IT priorities because AI models keep uncovering new vulnerabilities. He concedes Fortinet's slowing growth looks like a warning, but argues the broader market is misreading it as a sector-wide slowdown. He says the sell-off also hit CrowdStrike and Palo Alto, which he thinks is unjustified because their businesses are much stronger.
“Enterprise customers are scrambling to keep up prioritizing cybersecurity spending over most other IT priorities. [...] Fortinet's weakness is not a tell about a slowdown in cybersecurity.”at 44:18
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/29/26 ·
FortinetBearish
Fortinet is a legacy firewall appliance business losing share, so its weakness is company-specific.
After Fortinet's soft quarter sent the stock down about 20%, Cramer argues the sell-off is a Fortinet problem, not a sector one. He says Fortinet offers a very limited set of defenses, is primarily a legacy firewall appliance business, and his work shows it has been a share donor. Enterprises buying a broader platform are shifting away from point appliances and multi-vendor patchworks. He cites this to dismiss the idea that cybersecurity demand is slowing.
“Fortinet offers a very limited set of cyber defenses. It is primarily a legacy firewall business. Basically, it's an appliance.”at 45:09
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/29/26 ·
Palo Alto NetworksBullish
Palo Alto is not guilty by association; its broad platform makes it a buy after the Fortinet sell-off.
Cramer says Palo Alto has moved beyond its original firewall business through organic development and acquisitions into a platform with a firewall and much more, including strong defenses for companies. Customers who would otherwise assemble a patchwork of vendors can get a one-stop shop there. He says the trust is buying it, and the stock's drop of about 3.5% rests on a faulty premise. Cramer is treating the sell-off as a buying opportunity.
“Not only are Palo Alto and CrowdStrike not guilty by association, but [...] Their stock should be bought, not sold.”at 45:46
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/29/26 ·
CrowdStrike HoldingsBullish
CrowdStrike is not guilty by association; its full product suite makes it a buy after the sell-off.
Cramer argues CrowdStrike offers a full suite of products and advice that makes it a mainstay of the industry, so customers consolidating cyber spending gravitate to it. He says that is what is happening in the real world and what the charitable trust is doing. He calls the stock's roughly 2% drop an unfair guilt-by-association move from Fortinet's weak quarter, and says the stock should be bought.
“Not only are Palo Alto and CrowdStrike not guilty by association, but [...] That's exactly what we're doing in the charitable trust.”at 45:46
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/29/26 ·
The SaaS sell-off is overblown; ServiceNow's small miss should not sink companies with different models.
ServiceNow's slight earnings miss, after a near doubling in its stock, was read as a sign that all SaaS companies are in trouble. Cramer says SaaS firms have different structures and some are changing their models for the AI era, such as Workday's human resources and finance products and Salesforce's consumption-based pricing for its Agentforce AI product. He argues the declines in Workday and Salesforce stemmed from ServiceNow's weak read-across, not their own businesses.
“Its weakness was viewed as a sign that all SaaS companies are in trouble. Even as these companies all have a particular kind of structure, they can do very different things.”at 46:28
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/29/26 ·
SalesforceBullish
Salesforce's decline is overdone; its consumption-based Agentforce AI product is red hot.
Cramer says Salesforce has introduced consumption-based pricing for its Agentforce AI product, which he calls red hot, even as its seat-based model covers other business lines. He covers the company closely and argues its drop today is driven by ServiceNow's weak read-across, not Salesforce's own business.
“Salesforce [...] has introduced consumption based models for its red hot agent force AI product.”at 46:46
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/29/26 ·
WorkdayBullish
Workday's business is strong, and its decline reflects ServiceNow's read-across, making it a buy.
Cramer says Workday is smoking hot in human resources and corporate finance, which he links to the AI transition. He covers it closely and says its decline today reflects ServiceNow's weak read-across, not anything about Workday. He reports that the CEO told the show business is great, and says he has been itching to buy the stock for his charitable trust.
“I have been itching to buy the stock of Workday from my chapels trust after talking to CEO, [...] who told us that business is just great.”at 47:15
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/29/26 ·
Micron TechnologyBullish
Micron's sell-off on Samsung's conservative outlook is unjustified; its HBM book is stronger.
Micron fell today after competitor Samsung gave a conservative outlook. Cramer argues the drop is unwarranted because Micron's book of high-bandwidth memory orders is much stronger than Samsung's. He says Micron is a buy, so the stock is being punished for a rival's guidance rather than its own fundamentals.
“A conservative outlook by Samsung caused the stock of competitor Micron to drop today, even as Micron's book of high bandwidth memory is much stronger than Samsung's.”at 47:31
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/29/26 ·
Cramer expects another Fed rate hike in December because the current tightening is working.
The Fed chair said inflation is still too high and that spending looks too strong, fed by excess spending by consumers and corporations and by oil prices. Cramer heard the chair say inflation will not fall to the 2% target with this much spending. He notes some companies have already become more discerning in their spending since the last quarter-point hike. He does not expect big spending decisions to be deferred, but he thinks the rate increase is working. From that, he expects another hike in December.
“I sense another rate hike in December.”at 4:46
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/28/26 ·
MicrosoftBullish
Microsoft is the best of the hyperscalers, with Azure beating and capex discipline stronger than peers.
Microsoft beat on every line. Total revenue grew 19% and earnings per share rose 32%, beating consensus by 19 cents. Azure grew 48% year over year against an expected 45%, and the AI tailwind keeps improving. Capex came in much lower than Cramer expected, and he says Microsoft shows a degree of spending discipline that sets it apart from other hyperscalers. That discipline is why he thinks Microsoft will be the best of the hyperscalers. He caveats that the stock is not out of the woods until the conference call, focused on capex plans and guidance, ends. He says the results justify the big move the stock made off its June bottom. He owns it for the Charitable Trust.
“Microsoft on the other hand, wow. Great story, beat on every single wide. ... Azure business grew 48% year over year. We were only looking for 45% growth.”at 6:44
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/28/26 ·
AlphabetBearish
Alphabet may be overvalued after a weak quarter, despite its enormous size and market cap.
Alphabet posted a double miss on revenue and earnings and shares fell sharply after hours. Search, about half of sales, came in roughly a billion dollars below expectations, reigniting debate about whether AI is eating Google's core business. Free cash flow was negative about $9.1 billion, unusual for a company that used to spew cash with a pristine balance sheet. Cloud revenue roughly doubled and Gemini passed a billion monthly users, but that did not offset the core weakness. Capex came in below expectations, though the company signaled a significant increase next year. Cramer still owns the stock for the Charitable Trust for its body of work, but he is concerned that a company can be the size of an aircraft carrier and still be overvalued, and he thinks that could be the case after this report.
“I am concerned that that could be the case with Alphabet after Google's poor showing tonight.”at 7:52
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/28/26 ·
McCormick & CompanyNeutral
McCormick shareholders should hold: the Unilever deal damage is done and the stock is already down.
A caller who is about break even asked whether to add or sell McCormick after it fell back near its 52-week low. Cramer says at about $46 investors cannot walk away. McCormick made an acquisition from Unilever that Cramer says it paid too much for. He argues the damage has already been priced in, since the stock used to be very high and no longer is. He advises staying with it rather than selling, so he sees the position as a hold rather than an add.
“I think down here at 46, you can't walk away. They've made an acquisition. They paid too much for it, from Unilever. But at this point, I think that the damage has been done.”at 8:51
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/28/26 ·
ArganBearish
Argan is not a buy yet: its chart is the worst Cramer has seen, despite the power-demand thesis.
A caller pitched Argan, a contractor that builds natural gas power plants, as a buy based on high return on capital and equity, consistent sales growth and secular demand for power generation for AI and other uses. Cramer accepts the fundamental story but says it does not make the stock a buy because the stock is still falling. He calls the chart the worst he has ever seen, so he does not want to own it on the thesis alone until the price action improves.
“You know, I gotta tell you that hasn't certainly made it be a buy because it's still going down. ... This is the worst chart I've ever seen. Period. End of story.”at 10:05
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/28/26 ·
Chipotle Mexican GrillBullish
Chipotle's same-store sales beat expectations, a positive sign for restaurant demand despite margin pressure.
Same-store sales rose 2.1%, better than investors expected, and both customer visits and average check increased. That was the third straight quarter of positive transaction growth, in a difficult restaurant environment. Earnings came in 2 cents short and restaurant margins fell slightly short. Cramer did not like the margin reversion to 23.3% from 25.2% last quarter, but he said same-store sales are the most important metric and he was encouraged by them. He found the CEO's explanation of market-level performance dispositive on the category concern.
“Same store sales rose 2.1%. ... I like that. It's better than expected. ... That makes three consecutive quarters of positive transaction growth.”at 13:03
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/28/26 ·
ServiceNowBullish
ServiceNow's 2-cent miss is not a real problem; revenue, RPO and new customers matter more.
ServiceNow's results were strong though not perfect. Revenue and bookings looked good, and the company's remaining performance obligations (RPO) were terrific. The company missed by 2 cents on earnings, but the CEO attributed that to interest on the companies it recently acquired. Cramer thinks investors are fixating on the miss and not on revenue growth and RPO, and he agrees with the CEO's explanation. He sees the stock as a comeback candidate along with other software names, so he wants investors to focus on what matters.
“I thought you explained the 2¢ very well. They should be looking at the at the things that you and I know what really matter, is RPO revenue growth, new customers, all those going your way.”at 30:51
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/28/26 ·
Waste ManagementBullish
Cramer isn't worried about WM's dip: fuel costs are outside management's control and the outlook was reiterated.
Waste Management reported a mixed third quarter, with higher fuel prices weighing on results, and the stock fell over 4%. Cramer is not too worried because the fuel headwind is outside management's control. He also values that WM reiterated its full-year outlook, which he says is what he cares about. He sees the dip as an overreaction to a cost factor the company cannot control.
“Last night, the company reported third quarter results delivered what looked to be a mixed set of numbers, thanks in large part to higher fuel price. ... I'm not too worried. The higher fuel price headwind is out of the company's control. Plus, WM also reiterates full year outlook with the quarter, which is what I care about.”at 31:58
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/28/26 ·
The aerospace complex looks weak now, so a listener shouldn't buy Beta yet despite a possible rally.
Cramer says the whole aerospace complex looks so weak right now that he won't put a listener into what he calls a lion's den. He thinks the group could rally, but for now it is a lion's den. He advises waiting, which is a near-term call on the sector rather than a long-term view.
“The whole aerospace complex right now is looking so weak. I'm not gonna put you in that lion's den yet. It could rally, but right now, it's a lion's den.”at 40:29
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/28/26 ·
Planet LabsBearish
Planet Labs won't rally until rates fall definitively, since it is unprofitable and punished by higher rates.
A listener says Planet Labs is down over 70% from its spring high. Cramer attributes this to the company not making money. He says the concept stocks he likes are being shredded, and they will not rally unless rates have a definitive move down. He presents falling rates as the trigger the group needs and gives no sign that the business will turn around first.
“I think because it's not making money. ... They're not gonna rally unless rates have a definitive move down.”at 40:52
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/28/26 ·
VicorUncertain
Vicor is still a winner, but its high multiple is contracting as investors lose interest.
Asked whether Vicor is still a winner after being named an emerging AI infrastructure winner months earlier, Cramer says yes. He then points to its valuation: the stock sells at 52 times earnings, and people no longer want high-multiple stocks like it. He calls the stock's decline a multiple contraction, which is the mechanism he sees behind the price weakness, while the business case stays intact.
“Yes. It is. ... it's a high multiple stock... it sells at 52 times earnings. People don't want it anymore. Multiple contraction.”at 42:24
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/28/26 ·
SK HynixBullish
SK Hynix's low multiple, big beat and sold-out outlook make it a bullish signal for the chip complex.
Cramer calls SK Hynix the most important company most people have never heard of, the number one supplier of high bandwidth memory with over 50% share, and a beating heart of the data center, perhaps more so than Nvidia, because even Nvidia's rivals still need DRAM. He cites a stock trading at about three times next year's earnings estimate, revenue about 6% above expectations, a gross margin of 85.7% versus an 84% estimate, shipment growth guided to accelerate to the mid-20% range from 10%, and effective sell-out through 2029. He also notes roughly $75 billion of shareholder returns this year and capacity purchases that show confidence demand will outrun supply. He reads the strong report and the 13% rally in US-listed shares as a signal that the whole American chip complex can rise.
“Hynix is probably the most important company you've never heard of. It is a South Korean giant and it is beating heart of the data center, perhaps even more so than NVIDIA.”at 43:52
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/28/26 ·
AI infrastructure & data centers
Market is unfairly punishing data-center stocks even after strong results, like GE Vernova's.
Cramer says there is tremendous skepticism about data centers and they are viciously unpopular, with worries about their high cost and companies built just to build them that might not last a couple of years. Because of that, he says, stocks in the complex can fall even when results are good. He cites GE Vernova, which failed to rally after a very good quarter, and calls the market's judgment capricious, if not downright wrong. He sees the same pattern at Oracle, which reported strong results, and argues the complex is still being punished.
“Right now there is tremendous skepticism about the data center. They are viciously unpopular... I found the market's judgment rather capricious, if not downright wrong.”at 44:16
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/28/26 ·
68 older views from Jim Cramer are on the episode pages, and all of them are a question away in your AI with Chorus.
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