Name: Mad Money 06/08/26 | Audio Only
Uploaded: 2026-06-08T23:59:05+00:00
Duration: 2658 s

Speakers

Jim Cramer — Host, Mad Money

Summary

Jim Cramer turns cautious on the market due to strong jobs data killing rate cut hopes, a wave of mega IPOs (SpaceX, OpenAI) sucking liquidity, and a pullback in Apple. He recommends selective longs in Ross Stores, Home Depot, Costco, Nvidia, Indio Group, and SpaceX for long-term holders, while avoiding ELF Beauty, ServiceNow, Tractor Supply, and Cerebrus.

Strong employment report dims prospects for Fed rate cuts, hurting bull case.
Upcoming SpaceX IPO and Google equity issuance may drain market liquidity.
Apple's WWDC event was a non-event, stock pulled back but Cramer remains positive long term.
Ross Stores thrills with 17% comps under new CEO, stock a buy.
Nvidia remains the market linchpin with sovereign AI demand expanding.
Indio Group (INIO) is a data center power play worth owning on pullbacks.
Cerebrus IPO was a botch; cut losses, avoid similar IPO mania.
Off-price retail (Ross, TJX) is one of few working retail sub-sectors.

Ideas

Jim Cramer Host, Mad Money 6:48

Buy SpaceX for grandchildren, avoid open.

SpaceX IPO: Bullish long-term for grandchildren, but avoid buying at the open with market orders because of risk of overpricing and subsequent decline.

Jim Cramer Host, Mad Money 8:56

Cerebrus cut losses, botched IPO.

Cerebrus (likely a recent IPO) was a botched deal; sell half now and exit the rest on any bounce, as most buyers are underwater.

Jim Cramer Host, Mad Money 10:50

NOW not time to buy, expensive.

ServiceNow (NOW) is expensive and not the right time to buy; it's a decent enterprise software company but the stock is overpriced and the market is cautious.

Jim Cramer Host, Mad Money 19:27

INIO worth owning, prefer pullback.

Indio Group (INIO) is worth owning as a data center power play due to surging equipment orders and backlog, though prefer a pullback to ~$29 for better entry.

Jim Cramer Host, Mad Money 26:19

ROSS worth owning, CEO driving improvement.

Ross Stores (ROST) is absolutely worth owning due to new CEO Jim Conroy's improvements in merchandising, marketing, and in-store experience, driving strong comps and growth potential.

Jim Cramer Host, Mad Money 26:56

COST buy a starter, add on dip.

Costco (COST) is a buy here at 47x earnings; start a position and hope it pulls back to 45x to add more, typical value approach.

Jim Cramer Host, Mad Money 27:55

HD buy at 20x, 3% yield.

Home Depot (HD) is a buy at current levels given its 3% yield, 20x earnings, and spring selling season, with rate cut hopes already priced out.

Jim Cramer Host, Mad Money 28:22

ELF avoid, cosmetics group troubled.

ELF Beauty (ELF) is in a challenged cosmetics group; avoid the stock despite the company being good, because the entire category is troubled.

Jim Cramer Host, Mad Money 37:00

IBM for quantum exposure.

IBM is a buy if you want exposure to quantum computing; it's a safer way to play the theme than speculative quantum stocks.

Jim Cramer Host, Mad Money 38:39

COE buy on dip, broken for no reason.

Cboe Global Markets (COE) is a buy here; the stock broke down for no reason, buy a little and add on further weakness.

Jim Cramer Host, Mad Money 43:20

Own NVDA, don't trade it.

Nvidia (NVDA) is a core holding to own, not trade, due to strong cash flow, sovereign AI demand from governments expanding customer base beyond hyperscalers.

Jim Cramer Host, Mad Money 60:55

Vanity Technology avoid, buy IBM.

Vanity Technology (unknown) is a quantum stock that makes no money; avoid it and buy IBM instead for quantum exposure.

Jim Cramer Host, Mad Money 65:04

TSCO avoid until more clarity.

Tractor Supply (TSCO) cannot be recommended until more clarity on the rural-to-urban trade reversal; the recent numbers are bad and the stock is avoidable for now.

Mad Money 06/08/26 | Audio Only

Summary

Ideas

Up Next