Jim Cramer explains why investors need to look at Trump-fueled volatility opportunistically

Watch on YouTube ↗  |  January 21, 2026 at 23:53  |  9:57  |  CNBC
Speakers
Jim Cramer — Host, Mad Money

Summary

Jim Cramer reacts to a market bounce after President Trump backed away from the threat of taking Greenland by force and floated a framework with NATO. He argues Trump-driven geopolitical and tariff volatility will keep creating sharp selloffs that investors should treat as buying opportunities. Cramer also takes calls on gold miners, airlines, and DraftKings, previews a Johnson & Johnson interview, and warns about risks from OpenAI and new stock supply.

  • Stocks rallied as Greenland invasion and tariff fears eased, with the Dow up 589 points, S&P 500 up 1.16%, and Nasdaq up 1.18%.
  • Cramer says Trump Two is more willing than the first administration to take the market down, creating recurring buy-the-dip opportunities.
  • He warns that only fossil fuels and derivatives appear to get Trump's unmitigated backing, while other sectors can be hit unpredictably.
  • On gold, Cramer says he owns gold, buys dips, and prefers Agnico Eagle over Barrick Gold among miners.
  • He favors United Airlines over JetBlue and remains waiting on DraftKings until Texas, California, and Florida legalize sports betting.
  • He previews Johnson & Johnson and discusses potential market risk if OpenAI's momentum stalls and data center buildout slows.
  • He also flags new stock supply as a potential bull killer and criticizes the proposed 10% credit card rate cap.
Ideas
Jim Cramer Host, Mad Money 6:20
Buy Trump-driven market selloffs
Cramer argues that President Trump's willingness to use tariffs, military threats, and other policy levers creates sharp, scary selloffs, but because the most outlandish threats often get walked back—especially when the bond market pushes back—investors should treat these Trump-driven panics as buying opportunities in the broad U.S. market rather than reasons to flee. He expects plenty of such buyable dips over the next three years.
Jim Cramer Host, Mad Money 6:37
Fossil fuels have Trump backing
In a market where President Trump can hit almost any sector unpredictably, Cramer says fossil fuels and their derivatives are the only area that seems to receive his unmitigated backing, making them a relatively favored policy-supported sector.
Jim Cramer Host, Mad Money 7:26
Buy Agnico Eagle on weakness
Among gold miners, Cramer prefers Agnico Eagle over Barrick Gold even though he likes Barrick's new management. He notes Agnico Eagle had a big down turn and expects it may be down again tomorrow, and he is a buyer on that weakness.
Jim Cramer Host, Mad Money 7:27
Own gold, buy dips
Cramer says he is a gold bug who owns gold, buys when gold is down, and does not chase when gold is up, reflecting a long-term commodity gold allocation rather than a trading stance.
Jim Cramer Host, Mad Money 7:51
Favor United over JetBlue
Cramer is impressed by United Airlines' management under Scott Kirby and says investors can buy the stock. He declines to endorse JetBlue despite a pleasant flight experience, effectively favoring United over JetBlue in the airline space.
Jim Cramer Host, Mad Money 7:51
Favor United over JetBlue
Cramer is impressed by United Airlines' management under Scott Kirby and says investors can buy the stock. He declines to endorse JetBlue despite a pleasant flight experience, effectively favoring United over JetBlue in the airline space.
Jim Cramer Host, Mad Money 8:30
DraftKings needs state legalization catalysts
Cramer is waiting on DraftKings because the stock needs Texas, California, and Florida to legalize sports betting to move meaningfully. Until that happens, he expects it to go nowhere, though he still thinks ballot progress could eventually come and has been disappointed it has not happened yet.
Up Next

This CNBC video, published January 21, 2026, features Jim Cramer discussing SPY, Fossil fuels, AEM, GLD, UAL, JBLU, DKNG. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jim Cramer  · Tickers: SPY, Fossil fuels, AEM, GLD, UAL, JBLU, DKNG