Apr 15, 2026 · 44 min
Cramer tracks a rotation from favored stocks to beaten-down names
Mad Money w/ Jim Cramer 4/15/26
The episode tests whether a shifting market backdrop changes the case for companies spanning rare earths, alcohol, financial services, banking, and telecom.
- 1Cramer sees investors rotating toward previously beaten-down stocks as industrial favorites lose ground.
- 2First Horizon CEO Brian Jordan links bank growth to loan demand, regional conditions, tax policy, inflation, and interest rates.
- 3Cramer favors StoneX and Robinhood while taking more measured positions on Constellation Brands and the lightning-round names.
Don't miss
Brian Jordan explains how First Horizon is growing while borrowers and businesses respond to inflation, tax changes, and possible rate cuts.
The brief
Jim Cramer opens on an unusual rotation: previously beaten-down stocks are rising while favored industrial names decline, alongside moves in oil and interest rates.
His company-by-company calls span MP Materials, Constellation Brands, StoneX, and Robinhood, revealing where he sees strategic value, pressure, or renewed upside.
First Horizon CEO Brian Jordan discusses loan growth, profitability, inflation, possible rate cuts, tax policy, and the business climate across the South.
The interview’s central tension is whether regional economic strength and business-friendly conditions can sustain bank growth as borrowers navigate uncertainty.
The lightning round closes with hold advice for Gilead, enthusiasm for AST SpaceMobile, and a view that Nokia may have further upside.
What was said on this episode
30 statements · 25 positive · 4 negative · 1 mixed
The market’s explosive rally phase is likely over.
“history says this explosive phase of this move is likely behind us”
Listen at 4:52
The market is unlikely to crash or enter a prolonged disorderly decline.
“we aren't about to crash or go into some sort of multi-day kale spin”
Listen at 5:22
High oscillator readings usually produce sharp stock rotations.
“Usually when the oscillator gets this high, we tend to have brutal rotations and end up sending some stock up violently while others go down.”
Listen at 6:12
Microsoft may not be devastated by artificial intelligence competition.
“The idea that it's going to be eviscerated by AI, maybe it's off the table.”
Listen at 7:22
Microsoft and other lagging stocks are likely to rebound during rotation.
“the laggers like Microsoft are going to come alive”
Listen at 7:30
Investors should focus on Broadcom.
“Broadcom is the one that I think you need to focus on.”
Listen at 8:52
Salesforce and ServiceNow may continue rising through sector spillover.
“they might not be done because there's no reason for them to go up to begin with. We just might get some pin action from that whole group.”
Listen at 9:23
Investors should trim stocks that have risen excessively.
“You have my blessing to trim stocks that have run too much”
Listen at 10:08
Large, unpredictable stock rotations are about to occur.
“some crazy rotations are about to occur”
Listen at 10:13
Drug, retail, and healthcare stocks may lead upcoming rotations.
“I wouldn't be surprised if next is the drugs, then it's the retailers, then it's the healthcares.”
Listen at 10:17
MP Materials is an attractive investment.
“I like MP materials.”
Listen at 11:47
The caller should continue holding MP Materials.
“I just say, I want you to just hold on to it, OK?”
Listen at 11:58
The alcohol industry may already be turning upward.
“the turn may already be upon us”
Listen at 20:00
Constellation Brands may be the beer company worth owning.
“Constellation may be the beer company worth owning.”
Listen at 20:11
StoneX is a long-term compounder of investor capital.
“this is a long-term capital compounder.”
Listen at 21:31
Greater volatility and complexity increase demand for StoneX services.
“the more volatile and complicated the world gets, the more clients need StoneX's services.”
Listen at 22:19
Elevated market volatility will persist for some time.
“I'm betting that volatility will be with us for some time.”
Listen at 22:24
Investors should buy StoneX shares on weakness, not after rallies.
“This feels more like a very good company with a stock you should buy on weakness.”
Listen at 28:28
Investors should buy Robinhood shares.
“I say, buy, buy, buy, buy, buy.”
Listen at 29:34
First Horizon’s improved profitability should sustain growth over several years.
“that is what I believe will be sustainable and will drive our profitability and our growth over the next several years.”
Listen at 31:50
“if we can get resolution in the Middle East in the next couple of weeks to a month or two, we're going to see a real takeoff in the back half of the year.”
Listen at 33:12
The One Big Beautiful Bill is driving early-2026 economic growth.
“the one big beautiful bill is driving economic growth in the first part of this year.”
Listen at 34:06
The Federal Reserve could cut rates in late 2026 if inflation approaches 2%.
“Once we get into the back half of this year, there should be the ability to cut rates if we can get that inflation headed towards 2% in a sustainable fashion.”
Listen at 35:17
Southern U.S. economic strength will drive national growth for years.
“the strength we have in just the sheer economy in the South is going to pull the U.S. forward over many years and it's going to throttle our growth up over time.”
Listen at 36:13
The South’s population and business attraction will continue near term.
“The South is attracting more than its fair share. And I think that is likely to be a continued trend and unlikely to change in the near term.”
Listen at 37:07
First Horizon remains a strong bank to own.
“Still a great bank to own.”
Listen at 37:33
Investors should continue holding Gilead Sciences.
“I'd hold on to it.”
Listen at 38:36
AST SpaceMobile is an attractive investment.
“I like it very much.”
Listen at 38:53
Investors should own AST SpaceMobile.
“Let's own this one.”
Listen at 39:03
Nokia may rise another 30%.
“Kitty, hold on, I think I got another 30% going on there.”
Listen at 39:46
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.
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