Mad Money 05/29/26 | Audio Only
Speakers
Jim Cramer
— Host, Mad Money
Summary
Jim Cramer reviews a strong tech earnings week led by Dell, notes an inexplicable late-day drop in Nvidia, and looks ahead to Computex and an Iran deal. He gives specific stock picks including Five Below, Ciena, and FedEx Freight, while also warning on oil and answering club member questions.
- Dell's blowout quarter drives market gains, but Nvidia falls inexplicably in late trading.
- Cramer predicts oil could drop to the $70s if a Middle East peace deal is reached.
- He recommends buying Five Below ahead of its earnings report.
- FedEx Freight spin-off is seen as a potential winner from the breakup.
- Ciena's proprietary networking technology is highlighted as a growth play.
- Nvidia is reaffirmed as a core holding despite the recent drop.
- Club member questions cover IPO strategy, dividend vs growth, and portfolio trimming.
- Cramer comments on defense stocks, noting Lockheed Martin as the top pick but with caution.
Trade Ideas
Oil to plummet to $70s
If a peace deal with Iran is reached, the Strait of Hormuz blockade ends, and oil supply increases, causing a rapid price decline from the high $80s/low $90s to the $70s.
FedEx Freight spin-off winner
FedEx Freight, being spun off from FedEx, was neglected under the parent company and could become a winner as a standalone entity, benefiting from renewed focus and efficiency.
Buy Five Below ahead of earnings
Five Below has shown consistency and strong performance at its price points for discretionary products, and the stock is well off its highs, making it attractive to buy ahead of its quarterly report.
Ciena has proprietary technology growth
Ciena has proprietary technology that differentiates it in networking, and with the continued data center buildout, there is ample room for growth despite the stock being up 150% year-to-date and off its highs.
Nvidia still a good buy
Nvidia remains a core holding given its AI leadership, and the recent late-day drop appears to be an inexplicable profit-taking or rebalancing event rather than a fundamental change; he continues to like the stock.
