Mad Money 08/20/26 | Audio Only
Спикеры
Jim Cramer
— Ведущий, Mad Money
Sanjay Mehrotra
— Генеральный директор, Micron
Jim Cramer broadcasts from Micron's Boise headquarters, arguing Micron is radically undervalued amid AI-driven memory shortages and take-or-pay customer agreements. He also reviews Walmart's disappointing earnings as a signal of consumer slowdown and discusses Albertsons' failed Kroger merger and possible regulatory revival. In the lightning round, Cramer favors Coca-Cola over Celsius, direct Bitcoin over derivatives, and Arlo Technologies at current levels.
- Cramer visits Micron's Boise semiconductor construction site and interviews CEO Sanjay Mehrotra.
- Micron is spending $250 billion on US fabs and sees memory demand outstripping supply into 2027.
- Cramer argues Micron looks cheap at about six times next-year earnings despite its strong memory position.
- Walmart's earnings miss and higher gasoline prices signal a slowing US consumer.
- Albertsons is struggling after the blocked Kroger merger, and Cramer says another merger attempt may make sense.
- Lightning round views include KO over CELH, direct BTC over derivatives, and ARLO as not a bad idea.
Идеи
Micron radically undervalued; memory demand strong.
AI has changed memory demand from a historic boom-bust business to secular demand. Customers want more than Micron can supply, with more than 16 take-or-pay strategic customer agreements and about $22 billion in deposits, and Sanjay sees no end to supply catching up with demand, with 2027 even tighter than 2026.
Walmart signals consumer slowdown; stock overheated.
Walmart's earnings miss and 9% stock decline reflect $4 gasoline and Walmart's willingness to sacrifice short-term margin to gain market share. Cramer views Walmart as a thermometer showing a slowing US consumer, and he believes the stock was too high coming into the print even though the long-term business remains strong.
Nike has too many problems; avoid.
Nike has too many things going wrong and the whole athletic/retail industry is slowing. Cramer says nothing is working for Nike right now, making the stock unattractive despite the caller's view that quality and value could fix it.
Albertsons-Kroger merger revival is best shot.
Albertsons is cheap and trades at less than seven times earnings with a 5.7% yield, but Cramer says it is cheap because it deserves to be cheap after weak results and share losses. He argues the blocked Kroger merger should be attempted again under the Trump administration because consolidation is Albertsons' best shot at staying competitive, making ACI and KR an event-driven setup.
Buy Coca-Cola; avoid Celsius.
Cramer does not want Celsius here and instead prefers quality Coca-Cola as the winner in beverages.
Buy Coca-Cola; avoid Celsius.
Cramer does not want Celsius here and instead prefers quality Coca-Cola as the winner in beverages.
Buy Bitcoin; avoid derivatives.
Cramer says to buy Bitcoin directly rather than buying derivatives, which he considers too dangerous.
Arlo profitable; stock now attractive.
Arlo Technologies has become profitable while growing subscribers and profits, yet the stock is down about 30% from last summer's high. At these lower levels, Cramer says it is not a bad idea.
