Ideas
Magnificent 7 are cheap and buyable.
The Magnificent 7 have been written off and left behind the market, but after balance sheet damage and multiple compression they are now cheap. With everything at a price, Cramer says these former losers can be winners and it is time to buy them.
AI/data center profits make Amazon cheap.
CEO Andy Jassy says Amazon will make immense money from AI and data centers; AWS compute sales may be pulled forward, plus a $50B semiconductor business, healthcare, international, grocery and advertising. Up only 12% YTD and trading around 20x earnings, Amazon is a screaming buy.
Cloud growth makes Alphabet cheap at 17x.
Alphabet is up only 9% YTD and has been left behind despite Google Cloud's monster growth, Waymo doing terrifically, YouTube's scale and Gemini optionality. At $342 and about 17x earnings, it sells at the price where Cramer wants to own it.
Lawsuit settlement removes existential risk; Meta cheap.
The teen-abuse lawsuit settlement for up to $18B over 10 years was a huge win and removes what Cramer thought could be an existential threat. Meta is the best advertising medium in history, WhatsApp is undervalued, and the stock is down 7% YTD at 19.5x earnings.
Azure disclosure and power deals favor Microsoft.
Microsoft is giving better Azure disclosure, finding more things to like. It secured a large 2.67 GW behind-the-meter power deal with Chevron for data centers, and Copilot is gaining acceptance, making the stock attractive within the cheap Mag 7 group.
Inference edge and valuation make Nvidia cheap.
Nvidia bought Hugging Face, strengthening open-source AI and inference capabilities, rebutting the training-only criticism. The stock trades at less than 15x next year's earnings, and aggressive buyback management could drive it 50% higher.
Tesla down 60% seems wrong.
Tesla is down 60% for the year, which Cramer says seems wrong; the main catalyst he cites is a potential SpaceX buyout.
Procter lacks growth; not recommending now.
Procter & Gamble has no growth, and at 21x earnings with a 3% yield that is not enough to attract investors. Cramer is not recommending it now and would wait for it to fall to 19x earnings before buying.
Pullback makes GEV attractive; orders continue.
The wind business has been disappointing and the chart has been poor, but orders should continue from hyperscalers. GEV has fallen a long way from its high, so he is not that worried and would keep buying, especially on another $100 decline.
Government overhang masks 100% belief in Intel.
Intel had an unbelievable quarter but the stock fell because of the government stake overhang. Cramer says his belief in Intel is 100%; he wants to see the government exit or he may buy more anyway to average down.
Buy Walmart and put it away.
Walmart is a continually good company that no one gets excited about, while Target is energized. Cramer still says buy Walmart and put it away, expecting investors will be happy.
Strong quarter makes Five Below buyable.
Five Below reported a superb quarter with 14.1% same-store sales growth, big earnings beat, raised guidance and strong back-to-school trends under CEO Winnie Park. The stock sold off on deceleration fears and oil-price worries, but at under 24x earnings with over 50% expected growth, Cramer calls it a steal and buy.
Promising precision medicine; wait for pullback.
Natera has transformed from prenatal testing into a precision medicine platform with strong cancer-test volume growth, transplant tests, raised revenue guidance, and a large Druckenmiller position. The stock has run up and is not cheap on sales, so Cramer would wait for a pullback before buying.
UNH has enough profitable growth to buy.
UnitedHealth has enough profitable growth for a portfolio. Last quarter was very good even though the market initially disliked it, and Cramer says UNH is good to buy.
Prefer J&J and Lilly over Pfizer.
Among big pharma, Johnson & Johnson is best to buy with a AAA balance sheet and 18 drugs without expiration problems; Eli Lilly has a huge franchise drug. Pfizer is creeping up but needs a reason to recommend, so the order is J&J and Lilly, then Pfizer.
Rate stability will unlock SoFi fundamentals.
SoFi has delivered durable growth: revenue up more than 40% in the first two quarters, record margins, diversified revenue split 60% lending/40% non-lending, and 20 consecutive quarters above the rule of 40. The stock has been held back only by interest-rate uncertainty; once rates are stable or declining, fundamentals should play through.
CoreWeave is the only neocloud to own.
In neocloud, Cramer says CoreWeave with Michael Intrator is the only one he likes; the other neocloud names are too speculative for him.
Box is finally breaking out; ownable.
Box is finally breaking out after years of doing nothing, has good storage assets, a good CEO in Aaron Levie, and is okay to own as it starts to get some momentum.
Rate declines and money flows support stocks.
Stocks are a cheap date when interest rates tick down or Fed officials signal no hikes; money floods in. Structural supports include record 401(k) millionaires, large new brokerage account flows, a comeback in individual stock ownership, and a potential slew of takeovers reducing share count.
This CNBC video, published September 03, 2026,
features Jim Cramer, Anthony Noto
discussing MAGS, AMZN, GOOG, META, MSFT, NVDA, TSLA, PG, GEV, INTC, WMT, Five Below, NTRA, UNH, JNJ, LLY, SOFI, CoreWeave, BOX, SPY.
19 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Jim Cramer,
Anthony Noto
· Tickers:
MAGS,
AMZN,
GOOG,
META,
MSFT,
NVDA,
TSLA,
PG,
GEV,
INTC,
WMT,
Five Below,
NTRA,
UNH,
JNJ,
LLY,
SOFI,
CoreWeave,
BOX,
SPY
