Trade Ideas
Enterprise software multiple compressed by AI.
ServiceNow is a great company but its premium multiple is being compressed because AI is cheaper and can put pressure on pricing. Institutional money managers won't pay up for enterprise software vulnerable to AI disruption. The stock has declined 44% but still trades at 37x earnings, expensive relative to the S&P.
Buy Tesla for future mobility.
Tesla is a bet on the future of robotics and full self-driving cars. Selling the stock means selling that future. Cramer is a buyer of the future and likes Tesla today.
CVS cheap amid disappearing competition.
CVS is a solid company selling at 11x earnings. It owns Aetna and a huge drugstore chain. Competition from Rite Aid and Walgreens is disappearing, and CEO David Joyner delivered a terrific quarter. Cramer prefers CVS to ServiceNow.
Cardinal Health undervalued, beats estimates.
Cardinal Health has been annihilated without reason due to a rotation out of healthcare. It repeatedly beats estimates, shifts its model from middleman to services provider, and trades at less than 20x earnings with high growth.
J&J best pipeline at discount.
Johnson & Johnson has an AAA balance sheet, the best pipeline of potential blockbusters in pharma, and sells at less than 20x earnings. It is a discount in a hated group.
UnitedHealth cheap with returning CEO.
UnitedHealth Group reported its first solid beat-and-raise quarter in a long time. Returning CEO Steve Hemsley is doing what he did before, producing the best earnings surprises. The stock is at $354, was $600 last April, and still sells for 19x earnings.
Home Depot for rate-cut environment.
Home Depot is the stock to buy when you get rate cuts. It is a time-honored play on lower rates and provides balance in a portfolio that might be hurt by enterprise software declines.
Dow benefits from prolonged Hormuz disruption.
The closure of the Strait of Hormuz has severely impacted global petrochemical supply, lifting prices dramatically. Even if the strait reopened, it would take 275+ days to clear the logistics logjam, supporting prices through 2026 into 2027. Dow expects Q2 revenue of $12B and EBITDA of $2B with more upside than downside, putting the company on track for a ~$6B year, well above projections.
Thermo Fisher selloff is overdone.
Thermo Fisher Scientific had a solid quarter and raised its full-year outlook, but the stock fell 9.2% on light current-quarter guidance. Cramer believes the market is wrong and that the selloff creates a buying opportunity. The company has strong biotech funding tailwinds, a collaboration with Nvidia, and high conviction in 3-4% organic growth.
PG&E growth story awaits liability reform.
PG&E is a great growth story with double-digit earnings growth, rate reductions for customers, and huge data center demand (4.5 GW in final engineering). The stock is a single-issue play on California wildfire liability reform. Cramer believes the stock should be $25, not $17, and urges patience.
MP Materials is the real rare-earth play.
Instead of speculative Critical Metals, buy MP Materials because they are a real player in rare earths and reduce dependence on China.
Rivian looks like it will survive.
Rivian had a good quarter and appears to be on a path to survival. If it makes it, the stock will go higher. Cramer is warming up to it.
Insulet too expensive due to GLP-1.
Insulet is the most declined stock in healthcare and remains too expensive because the GLP-1 drug threat is existential.
Sell parabolic stocks to lock gains.
Stocks that have rallied more than 50% in a month form a parabolic pattern that often leads to crashes. Investors should take profits, at least enough to recoup cost basis, or cut positions in half. He specifically warns about Mega Fortune (meme stock, 2,000% up, $11M revenue, $2B market cap), Avis (short squeeze peaked at $800, now $229), Lightwave Logic (up 93% this month, no revenues), and Poet/Nvidia/Credo (semiconductor networking stocks up ~100% this month).
This CNBC video, published April 23, 2026,
features Jim Cramer, Jim Fitterling
discussing NOW, TSLA, CVS, CAH, JNJ, UNH, HD, DOW, TMO, PCG, MP, RIVN, PODD, Mega Fortune, CAR, Lightwave Logic, POET, NVDA, CRDO.
14 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Jim Cramer,
Jim Fitterling
· Tickers:
NOW,
TSLA,
CVS,
CAH,
JNJ,
UNH,
HD,
DOW,
TMO,
PCG,
MP,
RIVN,
PODD,
Mega Fortune,
CAR,
Lightwave Logic,
POET,
NVDA,
CRDO
