Ideas
Don't bail on Mag 7.
Cramer is not abandoning the Magnificent Seven despite their recent underperformance and P/E multiple compression. He believes the market's skepticism is overdone because the stocks are temporarily acting as donors to the momentum-driven storage rally. He owns a lot of them in his charitable trust and expects money to ultimately flow back to most of the Seven, not just Alphabet, because these companies have too many levers, too much money, and are run by people too smart to bet against.
Meta lost its way; valuation de-rated.
Cramer says Meta's P/E has fallen from about 30x a year ago to 22x, which he reads as market skepticism about Mark Zuckerberg and the company's growth rate. He explicitly says Meta has lost its way and calls the revaluation severe, even though the stock jumped that day.
Storage plays rise on AI pricing power.
Cramer says a new group of boring storage and disk-drive companies has become the market's momentum leadership, sucking money away from the Mag 7. These companies underinvested for years, were caught flat-footed by AI data-demand growth, and now have unusual pricing power, as they keep raising prices with no resistance because storage components are essential. He names Seagate, Western Digital, and SanDisk as part of the move and says the storage plays are going higher, though he warns investors not to overstay their welcome.
Micron cheap; memory cycle can last.
Cramer calls Micron a very good semiconductor company whose storage-components stock is up 39% since the start of January. He says it is not expensive on a P/E basis, the memory/storage upcycle could last some time, and therefore it could be worth buying even after the big move.
Intel demand strong; buy on weakness.
Cramer says Intel's less-than-expected quarter made the stock take itself out of the running, but he thinks that is wrong. He says demand is insane, the stock is up 40% this year, the CEO has a lot up his sleeve, and Intel will be a very hot stock if investors give up on it; giving up would be a big mistake.
AI threatens enterprise software valuations.
Cramer says enterprise software names like Salesforce, ServiceNow, Adobe, Workday, Atlassian, and ServiceTitan are seeing extreme P/E multiple shrinkage as nervous holders fear generative AI platforms will make them obsolete. Although he notes none have actually missed estimates, he says the move is psychological and he has come not to trust software companies because Anthropic and similar AI tools can create rival products for a fraction of the cost. Money is pouring out of enterprise software into storage.
Palantir momentum remains; don't leave it.
In response to a caller, Cramer says he likes Palantir, would not leave it, and knows its momentum is not going away. He says Palantir's work and presence at Davos keep getting praise, though he still frames the Seven and storage names as his preferred areas.
Buy 3M on turnaround story.
Cramer says 3M pulled back following earnings and describes it as a turnaround story. In his preview, he says, 'I think you should buy it,' making a clear bullish call despite the limited detail.
This CNBC video, published January 23, 2026,
features Jim Cramer
discussing MAGS, META, STX, WDC, SNDK, MU, INTC, CRM, NOW, ADBE, WDAY, TEAM, TTAN, PLTR, MMM.
8 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Jim Cramer
· Tickers:
MAGS,
META,
STX,
WDC,
SNDK,
MU,
INTC,
CRM,
NOW,
ADBE,
WDAY,
TEAM,
TTAN,
PLTR,
MMM
