In this article, we will look at the stocks Jim Cramer discussed during Mad Money, as he highlighted a difficult backdrop for stocks. The host of CNBC’s Mad Money said on Monday that a growing list of risks has made him much more cautious.
Things have changed for the worse. There’s a shroud now over this market, and you ignore it at your own peril… We’ve now had the snapback from last week. I don’t know what could propel us higher still. I do know that a lot of things can go awry, though. So rate cuts from the Fed are likely off the table. The SpaceX deal will suck money from the rest of the market; more hyperscaler equity offerings could do the same thing. And now Apple’s getting its clock cleaned, too. That’s more negativity than I can handle.
READ ALSO Jim Cramer Discussed 27 Stocks, Like Arm and Lockheed, and the Recent Market Sell-Off and Jim Cramer Highlighted 16 Stocks Including Quantinuum, and the Market’s Appetite for New Supply
The more guarded outlook stems from pressure on several factors that had previously supported Cramer’s bullish view. He said that a stronger-than-expected jobs report has reduced the chances of near-term interest rate cuts from the Federal Reserve, a development he sees as a headwind for equities. He also mentioned that the upcoming SpaceX IPO could absorb significant investor capital, while Apple’s recent struggles and the potential for further AI-related fundraising efforts have raised questions about whether the market can maintain its recent momentum.
The bottom line here… I think the Fed’s more important than anything, and it’s now going the wrong way. I was hoping for a reversal upward, not downward, in Apple. I wanted to get any surprise equity deal over with before the big SpaceX deal. And I fear an insane opening for SpaceX, IPO followed by a… decline will leave a real bad taste in everybody’s mouth. So I am not that bullish. My bullishness can wait. I think you will get a better time to buy than right now, simple as that.
Our Methodology
For this article, we compiled a list of 15 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on June 8. 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. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
Jim Cramer’s 15 Stock Calls: NVIDIA and Costco, and Caution About the Market
15. NVIDIA Corporation (NASDAQ:NVDA)
NVIDIA Corporation (NASDAQ:NVDA) was among the stocks Jim Cramer discussed during Mad Money, as he highlighted a difficult backdrop for stocks. Cramer called it the “most important” stock of the market, as he stated:
All these countries are buying NVIDIA’s wares too, and they’re not looking for a quick return. Right now, they’re 14% of the business. That could rapidly become much bigger, and that number doesn’t include what’s in the pipe. I think that number will be substantially higher this time next year, enough to allay the fears that some hyperscalers just don’t want NVIDIA at all…
Are the chips expensive? Can they generate a good payback? I guess it depends on who you ask, but real countries are buying these chips in droves for their sovereign AI programs, and that alone will lessen NVIDIA’s dependence on a handful of major hyperscalers. I’m not changing my view; I still say, own NVIDIA, don’t trade it. But with the upcoming wave of mega IPOs, it’s going to be tough for anything tech to stand out in the near term, even a company as tremendous as NVIDIA, which is the most important stock in this entire market.
NVIDIA Corporation (NASDAQ:NVDA) develops accelerated computing and AI platforms, GPUs for gaming and professional use, cloud services, robotics and embedded systems, and automotive technologies.
14. Tractor Supply Company (NASDAQ:TSCO)
Tractor Supply Company (NASDAQ:TSCO) was among the stocks Jim Cramer discussed during Mad Money, as he highlighted a difficult backdrop for stocks. Toward the end of the lightning round, a caller asked what was going on with the stock, and Cramer remarked:
You know, I’ve been mulling this one over, is it the end of this, you know, kind of city, urban to rural trade that went on during COVID? The numbers are bad here, and I’ve got to find out what’s going on. I wish the company’d come on. I can’t recommend the stock. And Hal Lawton’s a very good CEO, but I cannot recommend the stock of Tractor Supply until I know more.
Tractor Supply Company (NASDAQ:TSCO) is a rural lifestyle retailer that provides livestock and pet products, farm and garden equipment, tools, seasonal goods, and clothing. During the episode aired on November 24, 2025, a caller asked if the stock was a buy, sell, or hold, and Cramer responded:
Well, I talked about Tractor Supply this morning on Squawk on the Street. Now, I felt that it had a pretty good chance to be able to make a comeback here. I know it’s down a lot. I’m going to say you want to buy that one.
It is worth noting that since the above comment was aired, Tractor Supply Company’s (NASDAQ:TSCO) stock is down by over 43%.
13. Cboe Global Markets, Inc. (NASDAQ:CBOE)
Cboe Global Markets, Inc. (NASDAQ:CBOE) was among the stocks Jim Cramer discussed during Mad Money, as he highlighted a difficult backdrop for stocks. A caller asked for Cramer’s thoughts on the stock, and he replied:
You know, the stock broke down here for, I think, no real reason. I would buy a little bit here and then, if it comes in, buy more. But it suddenly became a very ugly chart, and you know how people are about some of these financials, the chart is king.
Cboe Global Markets, Inc. (NASDAQ:CBOE) operates a derivatives and securities exchange network that provides trading, clearing, and investment solutions across multiple asset classes, including options, equities, futures, and foreign exchange.
12. Galaxy Digital (NASDAQ:GLXY)
Galaxy Digital (NASDAQ:GLXY) was among the stocks Jim Cramer discussed during Mad Money, as he highlighted a difficult backdrop for stocks. During the lightning round, a caller inquired about the stock, and in response, Cramer said:
Okay, that’s Mike Novogratz. He’s a very solid guy. It would be a company that I would own if I wanted to really own Bitcoin, except my belief is if you want to own Bitcoin, own Bitcoin. But there are other things that are positive about it. Mike is a very smart guy.
Galaxy Digital (NASDAQ:GLXY) provides a platform for digital asset trading, staking, and asset management services. The company also operates data center infrastructure. During the January 20 episode, Cramer mentioned the stock and commented:
Hey, speaking of crypto, a couple of other crypto-related names have had big pops to begin with in 2026, even as the broader crypto market still seems stuck, if anything, really, negative today. Galaxy Digital and Figure Technologies, they’re up…. Here’s what you do when you hear those and see those and own those, [sell, sell, sell].
11. BP p.l.c. (NYSE:BP)
BP p.l.c. (NYSE:BP) was among the stocks Jim Cramer discussed during Mad Money, as he highlighted a difficult backdrop for stocks. A caller sought Cramer’s opinion of the stock, and he replied:
If you want to own an oil company, I think it’s fine. I prefer Chevron on the large, and I prefer EQT on the nat-gas side.
BP p.l.c. (NYSE:BP) is an energy company that produces, refines, trades, and markets oil and gas. In addition, the company develops low-carbon energy solutions. During the April 6 episode, a caller asked Cramer if it was time to sell their position and take profits in the stock. The Mad Money host responded:
I think it is actually. I think you’ve had a really, really good move. It’s been a parabolic move. I say kaching kaching.
10. Xanadu Quantum Technologies Limited (NASDAQ:XNDU)
Xanadu Quantum Technologies Limited (NASDAQ:XNDU) was among the stocks Jim Cramer discussed during Mad Money, as he highlighted a difficult backdrop for stocks. When a caller expressed bullishness on the stock, Cramer replied:
No, no, no, that makes no money. It’s another one of these quantum ones that I don’t… Buy IBM if you want quantum, okay? Buy IBM. But I appreciate the sentiment.
Xanadu Quantum Technologies Limited (NASDAQ:XNDU) develops photonic quantum computing hardware and software, providing cloud-based access to programmable quantum computers together with tools for quantum programming, simulation, and algorithm optimization.
9. e.l.f. Beauty, Inc. (NYSE:ELF)
e.l.f. Beauty, Inc. (NYSE:ELF) was among the stocks Jim Cramer discussed during Mad Money, as he highlighted a difficult backdrop for stocks. A caller asked whether the stock is a buy, sell, or hold in light of its most recent quarterly earnings. Cramer commented:
I think this is a very, very challenged group, okay? Not necessarily that ELF stands out. Almost every company in this cosmetics group is too challenged. I don’t want to touch it. Even though I think it’s a good company, when your milieu is troubled, you can’t buck it. Same thing by the way, if I were talking about liquor. Like you called me about Brown-Forman, I’d say, you know what, too tough a group.
e.l.f. Beauty, Inc. (NYSE:ELF) sells cosmetics and skincare products under its brands, like e.l.f. Cosmetics, e.l.f. Skin, Well People, Naturium, and Keys Soulcare. During the May 29 episode, a caller asked whether they should buy more or just hold the stock, and Cramer replied:
I’m worried about it. I’m worried about it because you know, they get a lot of stuff from, you know, it’s made in China, and what really bothers me about it is the inexplicable decline and the very large short position. I am, call me confused about ELF. I don’t understand how the stock did indeed fall apart.
8. The Home Depot, Inc. (NYSE:HD)
The Home Depot, Inc. (NYSE:HD) was among the stocks Jim Cramer discussed during Mad Money, as he highlighted a difficult backdrop for stocks. A caller mentioned that they have held the stock since 2001 and asked whether they should add more to their position. In response, Cramer said:
It’s actually one of the things, now you could say, Jim, you’re not the call on this because you started buying too soon for the Charitable Trust. But I would tell you this, it yields 3%. That is a magical level for Home Depot. I think you can buy more. I know you’re violating your basis, but your basis is just so low. I think that this is a good level. No one thinks that the Fed’s going to cut rates, and that’s why the stock is trading where it is. I think at 20 times earnings in the spring selling season, I think you got a good one.
The Home Depot, Inc. (NYSE:HD) is a home improvement retailer that sells tools, building materials, and decor. Furthermore, the company provides installation and equipment rental services.
7. Costco Wholesale Corporation (NASDAQ:COST)
Costco Wholesale Corporation (NASDAQ:COST) was among the stocks Jim Cramer discussed during Mad Money, as he highlighted a difficult backdrop for stocks. A caller asked what the ideal entry price for the stock would be as a long-term investment, considering current consumer financial challenges. Cramer replied:
Okay… I think that you buy some here, it’s at 47 times earnings, and then you hope it goes to 45. Now, I know people say, what do you mean, buy some and then hope it goes lower, but that’s how I work. I want value just like I want value at a store. And I think if you start Costco and you let it come in a little, well, that’s the way to play it. The worst that happens is it flies right out, 974 to 1025, and you have to kick it out. Let’s do it that way so that we don’t get caught up at one level because nobody’s that good.
Costco Wholesale Corporation (NASDAQ:COST) operates membership warehouses and provides groceries, fresh food, household goods, electronics, and more. In addition, the company offers various services through pharmacies, gas stations, optical centers, and e-commerce options.
6. Ross Stores, Inc. (NASDAQ:ROST)
Ross Stores, Inc. (NASDAQ:ROST) was among the stocks Jim Cramer discussed during Mad Money, as he highlighted a difficult backdrop for stocks. Cramer discussed the stock during the episode, as he remarked:
Improved marketing brings customers into the stores. Once they’re there, they find better merchandising than they remember and a better in-store experience that converts to better sales, which in turn lets Ross invest more in merchandising, marketing, and fixing up the stores. That’s why I think the stock can keep running. I don’t expect Ross to keep putting up 17% same stores sales. That’s too hard. But I do expect solid results. And as the numbers get better, management can start focusing on expanding their footprint.
The company has just under 2,300 stores between its two brands. Conroy thinks they can have 3600. That’d be big. Valuation-wise, Ross Stores now trades at 29 times this year’s earnings estimates, up from 23 times earnings when Conroy took over. And yes, it’s a bit rich for a retailer on an absolute basis, no doubt about it, but let’s be, why don’t we be a little more, let’s say, comparative. I don’t think it’s that… expensive because TJX sells for like 31 times earnings.
Plus, given the recent track record here, it wouldn’t shock me if Ross keeps beating the numbers, which will make the stock look a lot cheaper in retrospect. Here’s the bottom line: The off-price space is one of the few areas of retail that’s really working here. And while TJX is my long-term favorite, no doubt about it, I gotta say, Jim Conroy is doing, he’s doing an incredible job at Ross Stores, and that stock’s absolutely worth owning. I wish I could own two off-prices because that’s what I’d really like to do. But that seems to be not all that diversified as I tell you to be.
Ross Stores, Inc. (NASDAQ:ROST) runs off-price retail chains that provide apparel, accessories, footwear, and home goods. The company targets middle- to moderate-income customers with its brands, including Ross Dress for Less and dd’s DISCOUNTS.
While we acknowledge the potential of ROST to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ROST and that has 100x upside potential, check out our report about the cheapest AI stock.
Click to continue reading and see Jim Cramer’s 5 Stock Calls: Apple and Alphabet, and Caution About the Market.
Disclosure: None. Follow Insider Monkey on Google News.
