Jim Cramer, the host of Mad Money, said Thursday that investors need to accept a difficult reality—that the market is currently stuck in limbo.

The greatest story ever told, lower inflation, high growth, got thrown for a loop today, and it crushed the averages down… It’s easy to see how this happened, though. Earlier this week, Wall Street figured the war with Iran wouldn’t do too much economic damage, but today, the price of West Texas crude shot up above $80 again, reaching the low $80s. Now, it did settle back in the high $70s, but this kind of action has been starting to get, it’s just too hard for people, and they’re selling, even though I’m telling you, you shouldn’t. Stay in. Making things worse, the key leadership group, the semiconductors, got kneecapped today.

READ ALSO: 11 Stocks on Jim Cramer’s Radar: Target, CoreWeave, and More and Jim Cramer’s Takes on These 17 S&P 500 Stocks.

Cramer noted that some developments could still turn in a more favorable direction. He said oil prices might retreat again, which would ease pressure, and the semiconductor situation could change if proposed actions affecting the industry do not move forward. At the same time, he pointed out that with an active conflict underway, the backdrop is unstable and not the kind of environment that usually supports a sustained rally, no matter how much investors might hope otherwise.

Look, I think the president’s going to have to open the Strategic Petroleum Reserve to push down the price of gasoline, perhaps until the war is over. Those worried about inflation need to hope that the spike is temporary, and the new Fed chief needs to come to grips with the fact that some inflationary inputs simply can’t be ignored. Most of all, we need clarity on what the president really wants, both with the semiconductor exports and with the war in Iran. Until then, the bottom line is we have to face the fact that the market’s in limbo. I hate limbo, but I accept that there’s always a lot of limbo in 2026 so far, and we need to learn to live with it if we’re ever going to get to the promised land of higher prices. And you’ve gotta stay in if you are going to get there, too.

Our Methodology

For this article, we compiled a list of 11 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on March 5. We listed the stocks in the order that Cramer mentioned them.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).

Jim Cramer Talked About 11 Stocks: Uber, Robinhood, and More

11. The Gap, Inc. (NYSE:GAP)

The Gap, Inc. (NYSE:GAP) is one of the stocks Jim Cramer talked about. Cramer highlighted the company’s latest quarter and the following stock price action, as he remarked:

Alright, what the heck has happened to the stock of Gap after hours? It looks like a real turnaround story, and then it reported somewhat of an imperfect quarter after the close, with in-line revenue, softer than expected same-store sales at one of the divisions, small earnings miss, and yet the stock gets crushed after hours. I don’t get this. It didn’t help, though, that the full-year and first quarter forecast came in a little light, but maybe they’re just being conservative.

The Gap, Inc. (NYSE:GAP) sells apparel, accessories, and personal care items for men, women, and children. The company’s brands include Old Navy, Gap, Banana Republic, and Athleta. Furthermore, Cramer discussed the stock during the November 20, 2025, episode, as he commented:

This is a tough environment for retailers, I mentioned earlier, but great merchants won’t let that stop them from putting up phenomenal numbers. Take Gap Inc., which has been taking some time to turn itself around under CEO Richard Dickson. After the close, though, Gap reported a great quarter. This was a 3-cent earnings beat off of 59-cent basis with a higher-than-expected revenue, 5% same-store sales growth, analysts were only looking for 3.1%. At the same time, management raised their full-year forecast for both revenue growth and operating margin. And that’s why the stock’s flying in after-hours trading.

10. Enovix Corporation (NASDAQ:ENVX)

Enovix Corporation (NASDAQ:ENVX) is one of the stocks Jim Cramer talked about. When a caller inquired what Cramer thinks of a “quick in and out” approach with regard to the stock, he remarked:

Oh, lithium battery. No, I can see you in, but you’d never get out. I don’t want you near that one. Please stay away from it.

Enovix Corporation (NASDAQ:ENVX) manufactures lithium-ion battery cells for smartphones, wearable technology, and the electric vehicle market. During the Mad Money episode aired on July 21, 2025, a caller inquired about the stock, and Cramer responded:

We have a glut of oil. I’m worried about that. ENVX is another stock that’s just up way too much. I mean, we gotta find some stocks that are not up like a straight shooter, because what happens, these are what I call parabolic buys. And if you buy a parabolic stock, what happens is it goes parabolic down. So, therefore, we’re not going to buy that stock.

It is worth noting that since the above comment was aired, the company’s stock has lost 65% of its value.