Mad Money 07/08/26 | Audio Only

Summary

Jim Cramer warns about a potential supply glut from heavy equity and bond issuance but says it's not yet a crisis. He endorses buying Nvidia, FedEx, FedEx Freight, GE Vernova, and SpaceX on weakness, while advising caution on TPC Holdings until it pulls back. In the lightning round he gives quick sells on AT&T, Danaher, Wendy's and buys on Amprius, with a bounce play on LyondellBasell. An interview with Levi Strauss CEO Michelle Gass highlights the company's strong quarter.

• Cramer raises concern over a flood of new stock/bond supply that could eventually hurt the bull market.
• Nvidia recommended as a buy due to cheap valuation relative to growth, despite recent volatility.
• FedEx and FedEx Freight both viewed as buying opportunities after pullbacks, with strong underlying demand and confusion-driven sell-offs.
• TPC Holdings (Doncasters) is attractive but overvalued relative to Howmet; Cramer suggests waiting for a pullback before buying.
• GE Vernova called a great buy after a sharp drop, citing turbine shortages and leadership in power/electrification.
• SpaceX initiated overweight by Morgan Stanley; Cramer endorses buying for long-term optionality from Starlink, orbital compute, and robots.
• Levi Strauss posts strong results, driven by women's growth, DTC, and raised guidance; CEO remains constructive on the consumer.
• Lightning round: avoid AT&T, Danaher, Wendy's; buy Amprius Technologies; LyondellBasell may bounce then sell.