Jun 10, 2026 · 44 min
Cramer sees consumer strain collide with SpaceX cash demand
Mad Money w/ Jim Cramer 6/10/26
The episode connects weakening consumer confidence and technical market warnings with a potential wave of selling to fund SpaceX opportunities.
- 1Middle-class consumers appear increasingly tapped out as costs rise and sentiment deteriorates.
- 2Netflix’s value proposition may not offset the risk of declining overall screen time.
- 3Cramer remains positive on Apple and NVIDIA while attributing selling to investors raising cash for SpaceX.
Don't miss
Cramer argues that selling in Apple and NVIDIA may be driven by investors raising cash for SpaceX opportunities while remaining positive on both stocks.
The brief
Jim Cramer opens against a volatile-market backdrop, asking what investors still want to buy while fielding a caller’s question about DraftKings and gambling’s changing appeal.
Rob Pace of 100X brings consumer research showing middle-class sentiment deteriorating as costs rise, gasoline weighs on budgets, and value retailers gain relevance.
The discussion tests whether enthusiasm can survive practical limits: trust is weakening in gambling, robotaxis are losing novelty, and even Netflix faces a shrinking attention economy.
Carley Garner joins for technical analysis, weighing historical patterns and current chart signals as Cramer considers whether the market could face further downside.
The standout market explanation arrives in the No-Huddle: Apple and NVIDIA selling may reflect investors raising cash for SpaceX, not losing faith in either company.
What was said on this episode
22 statements · 15 positive · 6 negative · 1 neutral
The semiconductor shortage increases demand for Applied Materials equipment.
“That means we need more semiconductor manufacturing equipment from applied materials.”
Listen at 2:27
Investors should continue buying Coca-Cola during market declines.
“You can probably continue to buy Coca-Cola tomorrow morning if the S&P is down. I want you to reach for Coca-Cola and then just keep buying.”
Listen at 6:10
Investors should buy Monster Beverage despite market turmoil.
“Buy it into the tsunami. It'll work. It will.”
Listen at 6:59
Investors should buy UnitedHealth.
“UnitedHealth, buy it.”
Listen at 8:00
The market is avoiding risk and favoring slowdown stocks.
“Most of the names on the list are slowdown stocks, slowdown stocks. You know what that says to me? This market is in flight. It doesn't want a lot of risk.”
Listen at 8:41
Investors currently prefer safety and yield.
“They want safety. They want yield.”
Listen at 9:08
Investors should buy rather than sell DraftKings.
“I don't think you sell DraftKings. I actually think you buy DraftKings”
Listen at 10:49
Investors should seek exposure to Anthropic.
“that's the deal I want you in on.”
Listen at 14:15
A decline in screen time would harm Netflix.
“If there's suddenly a decrease in that kind of time, then that's not good, period. It's irrefutable.”
Listen at 19:53
Investors should postpone buying J.P. Morgan until the SpaceX deal is priced.
“Let's let's table buying JP Morgan until after when this SpaceX deal is done.”
Listen at 28:29
Backblaze provides a legitimate alternative to Amazon S3.
“It's a legitimate alternative to Amazon's S3 storage service.”
Listen at 30:12
Backblaze reported 12% overall revenue growth and 24% cloud-storage growth.
“In the latest quarter, they put up 12% revenue growth, but the cloud storage division up 24%.”
Listen at 31:19
Backblaze’s AI customer count grew 76% year over year.
“Their AI customer count grew 76% year-over-year, accounting for over one-third of all new bookings.”
Listen at 32:46
Backblaze faces a difficult environment and is not timely to buy.
“I think we're looking at a much tougher environment for the entire group here. Solid company, just not the right time.”
Listen at 36:14
Cramer favors EQT at current levels.
“I do like EQT here very much.”
Listen at 37:09
Investors should research Permoris Services before deciding.
“we can't make a decision until we find out which one of those two is right. So let's do more work.”
Listen at 38:16
Investors considering AAOI should choose Corning instead.
“if you're going to go that way, you've got to go to Corning. Okay, Corning's got a lot better.”
Listen at 39:02
BlackBerry is currently a good technology investment candidate.
“BlackBerry actually is good.”
Listen at 39:46
Apple and NVIDIA are being sold to fund participation in new deals.
“These two stocks have become huge sources of funds for all the new deals.”
Listen at 40:44
Investors should hold Apple and NVIDIA rather than trade them.
“I love Apple and NVIDIA. Own them, don't trade them.”
Listen at 41:00
Cramer expects SpaceX IPO demand to exceed available sellers.
“When I expect there'll be many more buyers than sellers because there's buyers coming in over the transom.”
Listen at 42:11
Short-term SpaceX IPO speculators could harm other investors.
“Speculators, these people could hurt you. They're not your friends.”
Listen at 42:46
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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