Apr 14, 2026 · 43 min
Cramer hunts selective winners amid oil-driven market selloff
Mad Money w/ Jim Cramer 4/14/26
The episode tests whether falling oil prices and AI fears signal a broader breakdown or a chance to find overlooked growth.
- 1Cramer argues investors should stay selective rather than abandon stocks during the oil-driven selloff.
- 2Torstein Hagen outlines Viking’s contrarian luxury-cruise strategy, built around quality, exploration, and operational discipline.
- 3Software valuations face a double test from renewed speculation and artificial-intelligence disruption risks.
Don't miss
Torstein Hagen lays out Viking’s willingness to enter markets differently from competitors while preserving a calm, quality-focused experience.
The brief
Jim Cramer frames the selloff as a test of investor discipline: falling oil prices and fear hit major names, but abandoning stocks entirely may miss selective opportunities.
Torstein Hagen explains how Viking built a luxury-cruise business around quality, expedition travel, and a calm onboard experience for affluent but not extravagant travelers.
Hagen’s contrarian playbook includes entering ocean cruising and Egypt, navigating COVID-19, and managing fuel efficiency and hedging while competitors follow different paths.
Cramer then screens the S&P 500 for growth companies still at least 20% below their highs, arguing that the rally followed a peak in long-term rates.
With Jessica Inskip, he weighs technical levels, valuations, market breadth, oil correlations, and bond yields against fears of a SaaS downturn and renewed speculation.
The Lightning Round sharpens the software risk: Cramer sees questions around cloud valuations and warns that artificial intelligence could disrupt Asana’s business.
What was said on this episode
32 statements · 22 positive · 7 negative · 1 mixed · 2 neutral
The easiest stock-market gains have already occurred.
“Now, it's not too late, although I think the easy money has been made.”
Listen at 1:22
Tame interest rates will enable the new Fed chief to secure a rate cut.
“As long as rates are tame, I expect the new Fed chief will be able to get the Open Market Committee to vote for a rate cut, maybe even at the first meeting.”
Listen at 3:26
The stock market would rise substantially if oil prices halved.
“Where would the market be if that happened? You and I both know exactly where it would be. Much higher.”
Listen at 3:41
Gated private-credit funds cannot trigger a bank run or systemic problem.
“No bank run. No systemic problem.”
Listen at 5:13
Wells Fargo stock appears to be forming a bottom.
“I think the stock's trying to bottom here.”
Listen at 5:23
BlackRock offers comparatively good private-credit investments.
“BlackRock has good private credit if you insist.”
Listen at 5:35
The anticipated negative event for NVIDIA did not occur.
“Whatever bad that was supposed to happen to NVIDIA, it just didn't happen.”
Listen at 7:15
NVIDIA stock recovered to 196.
“And now NVIDIA's back up to 196.”
Listen at 7:20
The anticipated Amazon disaster did not occur.
“The big disaster of Amazon, whatever it was supposed to be, it didn't happen.”
Listen at 7:41
Apple stock is poised to rise.
“Apple never really went anywhere. I think it's ready to roll.”
Listen at 7:46
Banco Santander stock is about to break out.
“S-A-N, that's the one you want to be in. That's the one that's about to break out.”
Listen at 9:23
Viking Holdings prioritizes quality and guest experience.
“We obsess about quality. We obsess about our guests.”
Listen at 11:36
Viking Holdings operates eight ships in Egypt.
“And now we have eight ships there.”
Listen at 15:04
Daily testing of all onboard people was necessary for COVID safety.
“So we did a big simulation model with American universities. And we realized the only way people could be safe. If you tested everybody on board, everybody, meaning crew and passengers or guests, every day, and we had a saliva test.”
Listen at 15:31
Large cruise ships with 5,000 passengers are unattractive to some travelers.
“Who wants to be on a ship with... 5,000 passengers and a few screaming kids.”
Listen at 17:06
Viking Holdings ships are highly fuel efficient.
“Our ships are very fuel efficient from the get-go.”
Listen at 19:03
Fuel costs account for 5% of Viking Holdings revenue.
“it's only 5% of our revenue that goes through fuel.”
Listen at 19:09
Uber is down 29% while EPS is expected to grow nearly 40%.
“Uber's down 29% from its all-time high set last September, despite the fact that the company's earnings per share expect to grow at a nearly 40% clip this year.”
Listen at 21:46
Vistra stock is attractive to buy at current levels.
“At these levels, I think Vistra's a buy again.”
Listen at 23:21
Booking Holdings stock will surge when the war ends.
“When the war ends, I think this thing's going to soar.”
Listen at 24:42
Southwest Airlines is a strong turnaround opportunity.
“I think Southwest is a terrific turnaround story.”
Listen at 25:28
Investors should initiate positions in Cramer’s five favored growth stocks.
“I think you put a starter position on any one of these and then buy them on the way down with tremendous confidence.”
Listen at 27:29
Investors should trim the software stock because of Google competition.
“But then I think you've got to trim it because I do fear Google myself.”
Listen at 28:25
The market has entered a bullish trading cycle.
“That's put us in a bull market for that trading bullish trading cycle.”
Listen at 30:39
The market is becoming less sensitive to oil and focusing on earnings.
“The market is moving away from really caring about oil, and it's seeing through that, and it's focusing on... The season that we're in.”
Listen at 33:38
Corporate earnings are expected to be very strong.
“the earnings, I think, are going to be very, very good.”
Listen at 34:28
Rising prices without rising earnings indicate speculative market behavior.
“if earnings aren't moving at all, that is speculation because the market's getting ahead of itself.”
Listen at 37:03
Current market leadership is somewhat narrow.
“I do see a little narrowness.”
Listen at 37:21
Get Cloud Technology stock has risen while remaining inexpensive.
“all that's happened is the stock keeps going higher and higher, and it's very inexpensive.”
Listen at 38:33
Berkshire Hathaway is preferable to CCC Intelligent Solutions.
“I'd rather see you own, well, I'll tell you, I mean, how about owning some Berkshire Hathaway? I think there's a good insurance company that's better.”
Listen at 38:56
Artificial intelligence will disrupt Asana.
“this is another one that's going to be disrupted by AI.”
Listen at 39:22
AI disruption will harm Asana.
“I think it's going to be actually hurt by that.”
Listen at 39:28
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Books & mentions
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