Oct 8, 2026 · 43 min
Cramer weighs turnarounds, gold and AI storage against valuation
Mad Money w/ Jim Cramer 10/8/26
The episode tests whether promising business trends can overcome weak execution, uncertain guidance and stock prices that already reflect success.
- 1McDonald’s turnaround depends on franchisee support and disciplined execution, while Celsius faces deteriorating execution despite Alani Nu growth and insider buying.
- 2Agnico Eagle’s CEO links gold’s appeal to central-bank demand, stable jurisdictions and shareholder returns, while comparing equities with physical metal and ETFs.
- 3PepsiCo’s positive stock reaction to reduced guidance and Everpure’s AI-storage opportunity underscore how expectations and valuation shape investment outcomes.
Don't miss
Agnico Eagle CEO Ammar Al-Joundi compares owning a gold miner with owning physical gold or an ETF, tying the choice to production, returns and stability.
The brief
Jim Cramer opens with McDonald’s turnaround plan, emphasizing that franchisee support and execution—not branding alone—will determine whether the strategy works.
Agnico Eagle CEO Ammar Al-Joundi discusses gold’s demand, politically stable mining regions and shareholder returns before comparing the company’s stock with physical gold and ETFs.
PepsiCo’s shares rise after the company cuts its earnings outlook, illustrating Cramer’s broader point that markets judge results against expectations and valuation.
Cramer questions Celsius after weak core volume and deteriorating execution, while Everpure CEO Charles Giancarlo presents AI-driven storage demand and customer economics as a growth opportunity.
The Lightning Round leads to a final warning: even excellent companies can become poor investments when their stock prices outrun their fundamentals.
What was said on this episode
28 statements · 20 positive · 6 negative · 1 mixed · 1 neutral
McDonald’s stock is attractive.
“I like the stock of McDonald's.”
Listen at 1:32
McDonald’s trades at a substantial discount to historical valuation.
“the best thing about McDonald's for a young kid is valuation. Right now, it's trading 17.2 times next year's earnings estimates, a huge discount from its historical valuation.”
Listen at 2:10
Investors should diversify to remain invested through market declines.
“you've got to diversify to stay in this game.”
Listen at 3:32
AI-related stocks can recover from their current declines.
“I do know that I bet the big declines we saw today in the complex can reverse.”
Listen at 4:34
Home Depot could rise toward $400 when interest rates decline.
“you have to buy Home Depot when it's out of favor because you're just going to end up chasing it much higher, maybe to 400 once rates start coming down.”
Listen at 5:50
Investors lacking diversification will eventually suffer severe losses.
“You can't stay in the game without it. You will indeed get blown out.”
Listen at 7:29
American Express is currently underperforming.
“It is underperforming right now.”
Listen at 9:53
Investors should tolerate temporary underperformance from strong brands and CEOs.
“But we must make allowances for great brands and CEOs that underperform or else we're never going to be in great stocks.”
Listen at 9:55
Central banks are currently the largest buyers of gold.
“The biggest buyers right now are central banks around the world.”
Listen at 13:29
Current conditions are favorable for investing in gold.
“it's a great time to be in gold.”
Listen at 13:49
Agnico plans to increase production per share over the next decade.
“we've got a plan to continue to do that for the next 10 years.”
Listen at 17:22
Governments oppose alternative currencies.
“Governments do not want alternate currencies.”
Listen at 18:18
Governments could control Bitcoin if they chose to.
“I think it can be controlled by governments if they really wanted to.”
Listen at 19:06
PepsiCo trades at 15 times the midpoint of its revised earnings forecast.
“the fact that PEP trades at just 15 times the midpoint of new earnings forecasts.”
Listen at 26:05
PepsiCo stock is a reasonable purchase at its current level.
“You could do a lot worse than buying the stock of PepsiCo down here”
Listen at 26:14
Celsius execution has deteriorated, so investors should avoid the stock.
“they are not executing at the level that they used to execute. And I am, in the same way that I'm saying right now, don't take the Eagles offense. I would not take Celsius.”
Listen at 28:11
Everpure has steadily gained enterprise market share for 14 years.
“we've been picking up market share in the enterprise now for 14 years, very steady.”
Listen at 30:35
Everpure’s hyperscale business is expanding rapidly.
“our hyperscale business is really exploding.”
Listen at 30:52
Everpure is the only vendor using raw flash storage technology.
“we're really the only vendor in the world that uses raw flash.”
Listen at 31:48
Supporting customers during cost increases will generate later rewards for Everpure.
“customers have memory. And, you know, we're helping them now. They'll reward us later.”
Listen at 33:28
AI adoption will significantly drive Everpure’s business.
“AI is going to be, you know, a big impetus for us.”
Listen at 34:21
KLIC’s decline creates a buying opportunity.
“The fact that it's off is a good opportunity.”
Listen at 37:09
Investors should sell or leave Flagstar Bank.
“It's time to move on.”
Listen at 37:53
Investors should accumulate Intel near $107 and potentially $100 for 2028.
“I think you've got to buy Intel all the way down here at 107. Buy some here and then buy somewhere 100 if they keep selling it because I'm talking about a 2028 story.”
Listen at 38:17
PepsiCo stock traded below the company’s intrinsic business value.
“PepsiCo stock went way too low versus its company's true worth business”
Listen at 39:21
SpaceX will become profitable faster than expected.
“I believe it'll become much more profitable faster than people think.”
Listen at 41:22
SpaceX is attractive, but its stock is slightly overvalued and better bought on weakness.
“SpaceX, the company, love! SpaceX's stock, a tad overvalued versus a business, but definitely worth eyeing and buying on any significant weakness.”
Listen at 41:34
SpaceX has strong Starlink and reusable-rocket businesses.
“SpaceX also has a terrific satellite and Internet product, Starlink, and a very strong reusable rocket business.”
Listen at 41:43
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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