Jim Cramer on playing the waiting game in the market

Watch on YouTube ↗  |  May 19, 2026 at 01:43  |  9:19  |  CNBC
Speakers
Jim Cramer — Host, Mad Money

Summary

Jim Cramer discusses the current market waiting game and rotational behavior. He advises buying top losers in the S&P 500 with strong balance sheets on pullbacks. He specifically calls Micron a buy on a 6% decline due to low valuation and expresses caution on AT&T due to satellite competition.

  • Market is characterized by vicious rotational behavior masked by sedate averages.
  • Hardware stocks generally outperform while software stocks remain beaten down.
  • Cramer suggests querying the top 10 largest losers in the S&P 500 and buying those with strong balance sheets.
  • He identifies Micron as the most compelling buy among the day's losers due to low P/E and data center exposure.
  • He recommends buying Micron incrementally on further declines.
  • Cramer warns against AT&T due to competitive threats from Starlink and Amazon's LEO networks.
  • Other data center stocks like Corning, Western Digital, and Seagate are deemed too expensive or not pulled back enough.
  • Regeneron is avoided after a failed cancer trial.
Trade Ideas
Jim Cramer Host, Mad Money 5:24
Micron is undervalued and oversold.
Micron is a compelling buy on a 6% decline because it trades at less than 12 times earnings, far cheaper than other memory stocks like Western Digital and Seagate. It's a hardware stock with strong data center exposure and can easily turn around on the next move higher. Cramer recommends buying some now and adding on a further 2-3% decline.
MU HIGH
Jim Cramer Host, Mad Money 8:04
AT&T faces satellite competition risk.
AT&T faces considerable competitive threat from Starlink and Amazon's LEO satellite networks, especially in rural areas. Cramer does not want to own AT&T because of this competition.
T MED
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This CNBC video, published May 19, 2026, features Jim Cramer discussing MU, T. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jim Cramer  · Tickers: MU, T