Sep 11, 2026 · 44 min
Oracle reverses as oil and Fed uncertainty test markets
Mad Money w/ Jim Cramer 9/11/26
The episode connects Oracle’s earnings whiplash with the broader risks that rising oil prices, inflation, and Federal Reserve uncertainty pose for technology-led gains.
- 1Oracle’s strong earnings failed to sustain the stock’s premarket surge as investors focused on its outlook and data-center business.
- 2Rising oil prices and inflation complicate a market still buoyed by technology, while uncertainty about the Federal Reserve raises the stakes.
- 3Cramer sees Boeing’s recovery under pressure but remains constructive on AMD and praises CEO Lisa Su’s leadership.
Don't miss
Oracle’s premarket surge reverses after investors focus on the company’s outlook and data-center business.
The brief
Jim Cramer opens with a market recap shaped by oil, Oracle, Adobe, and other stocks before taking viewer questions on Kraft Heinz, Uber, and Meta.
Oracle’s earnings initially sent shares higher, but the stock reversed as investors weighed its outlook and data-center business, turning a beat into a test of market expectations.
Cramer compares the current environment with the second year of a prior Trump presidency, balancing strong technology performance against oil, inflation, and Federal Reserve uncertainty.
Questions about Boeing and AMD shift the focus to company-specific judgment: higher crude prices weigh on Boeing, while Cramer remains positive on AMD and praises Lisa Su.
After rapid calls on stocks including Sphere, Honeywell Aerospace, Cameco, QXO, and Aflac, Cramer closes by arguing that September 11 remembrance must remain active beyond ceremonies.
What was said on this episode
54 statements · 28 positive · 21 negative · 4 mixed · 1 neutral
Adobe and Oracle are unlikely to be crushed soon.
“Neither of these companies about to be crushed anytime soon.”
Listen at 1:26
Adobe may experience a short squeeze.
“I think Adobe is a candidate for a short squeeze.”
Listen at 1:39
Apple stock has further upside.
“I think it's really still got more to go.”
Listen at 2:33
Current actions do not deter Iran militarily.
“whatever we do doesn't deter the Iranians militarily, not at all.”
Listen at 3:13
Iran-Gulf peace talks could cause oil prices to plummet.
“these days in peace talks between the Gulf states and the Iranians could produce something worthwhile that would allow the price of oil to plummet.”
Listen at 3:40
An Iranian drone attack could spike oil and rates and damage stocks.
“If Iran decides to attack a carrier group with some drone swarms, though, then oil will spike, interest rates will fly up, and the stock market will get clobbered.”
Listen at 3:48
Salesforce AI can analyze data to improve sales outcomes.
“I think people are finally recognizing the Salesforce product can interrogate the data and run it through all sorts of AI to figure out the best way to get sales.”
Listen at 4:14
Long-term Treasury yields will decline after a Fed hike.
“I actually think they're going to go down.”
Listen at 5:22
Fed tightening would create unfavorable conditions for technology stocks.
“If the Fed tightens, the bulls will be fighting the Fed, and it's never a good idea to fight the Fed, even in tech.”
Listen at 5:45
Investors should conserve cash in the volatile environment.
“I think it's time to be sparing and applying your cash.”
Listen at 5:51
Investors should stop buying stocks with borrowed money.
“once again, I urge you to get off margin.”
Listen at 6:01
Existing home sales are currently at a four-decade low.
“existing home sales are at a four-decade low.”
Listen at 6:39
The investor should not tax-loss sell Kraft Heinz.
“No, no, I don't want you to do that, Jim.”
Listen at 8:40
Steve Kaelin will improve Kraft Heinz as he did Kellogg.
“He's going to do the same thing with Kraft Heinz.”
Listen at 8:52
Investors should give Kraft Heinz’s CEO six months to perform.
“Let's give him six months, okay?”
Listen at 8:55
Cramer now thinks his earlier positive Uber assessment may have been wrong.
“I am beginning to think that I might have been wrong in the book about Uber.”
Listen at 9:34
Uber lacks earnings momentum and growth, making Cramer worried.
“I'm worried about Uber. There. I said it. I am. Why? Because it doesn't have earnings momentum. It doesn't have growth.”
Listen at 9:45
Meta stock could double over three to five years.
“this stock could double.”
Listen at 10:33
Investors should hold Meta for the long term.
“I think you hold on to better for the ages.”
Listen at 10:50
Oracle trades below 19 times current-year and 14 times next-year earnings.
“The stock now trades at less than 19 times this year's earnings estimates and less than 14 times next year's numbers.”
Listen at 19:29
Oracle’s quarter improved Cramer’s outlook on its future.
“I came away from this Oracle quarter feeling more constructive about the company's future than I did in a long time.”
Listen at 19:46
Oracle stock has substantial room to recover.
“I think the stock has a lot of room to recover here.”
Listen at 20:00
The S&P 500 fell 20% during late 2018.
“The S&P 500 plunging 20 percent from its late September highs to its lows just after Christmas.”
Listen at 24:20
The Nasdaq fell 24% peak to trough in 2018.
“The Nasdaq was hit even harder, down 24 percent peak to trough.”
Listen at 24:26
Investors worried about a 2018 repeat should trim winning positions.
“If you're worried about a repeat of 2018, I want you to trim some of your winners. Take something off the table.”
Listen at 26:19
Investors should raise cash allocations to the mid-teens percentage.
“Take your cash position up to the mid-teens.”
Listen at 26:27
The 2018 market decline will probably not repeat exactly.
“I don't think history will repeat this time, but it might rhyme.”
Listen at 26:50
Boeing stock is poised to rise.
“I think that Boeing is ready to go up.”
Listen at 27:43
Boeing stock declines roughly one dollar when crude rises one dollar.
“Every time crude. Goes up a dollar. The stock goes down a dollar.”
Listen at 27:46
Oil prices may be near a peak absent a catastrophe.
“I think oil might be peaking unless there's some catastrophe over there.”
Listen at 28:18
AMD and Dell are the two best stocks in the market.
“Those are the two best stocks in this market.”
Listen at 29:17
Investors should buy AMD.
“AMD is a fantastic stock, fantastic company. And Lisa Suze is great. Buy it. End of story.”
Listen at 29:24
Investors should hold cash to buy stocks after prices decline.
“I just want the cash so that you can buy stock back after they've come down.”
Listen at 29:41
DraftKings must spend more to acquire customers.
“I found that DraftKings is now, they're stretched like all the other guys. They have to spend a little more money, I think, to get customers.”
Listen at 31:49
DraftKings may need to increase customer-acquisition spending.
“They have to spend a little more money, I think, to get customers.”
Listen at 31:54
Investors should sell DraftKings and move on.
“So I'm going to say it's time. It's time that you move on.”
Listen at 32:00
Investors should sell DraftKings and move on.
“I'm going to say it's time. It's time that you move on.”
Listen at 32:00
Investors should realize gains rather than let them become losses.
“You must take the gain because we can't have a gain turned into a loss and we have to have discipline trumping conviction.”
Listen at 33:02
Investors should buy McDonald’s stock.
“I want you to buy it here.”
Listen at 33:47
McDonald’s is attempting to reinvent its business.
“I think McDonald's has plans. They are very cagey. But they are trying to reinvent the place.”
Listen at 33:49
McDonald’s stock is currently priced very low.
“I think that you're getting it at an exceedingly low level.”
Listen at 33:55
Investors may add long-term Treasuries if ten-year yields reach 5%.
“even right now, if you can get the tenure for five percent, I think it's OK to put”
Listen at 34:47
Older investors should allocate more of their portfolios to bonds.
“I think it's OK to put, depending upon your age, 50, you know, you're 50. You want to put some in. If you're 60, put some in. If you're 70, put more in.”
Listen at 34:50
Sphere is an excellent investment or company.
“I think Spear's amazing.”
Listen at 36:30
Cramer has a negative view of Honeywell Aerospace.
“I have nothing good to say about Honeywell Aerospace.”
Listen at 36:55
The investor should sell half the position now and half after a rebound.
“I prefer you to sell half now and sell half on the bounce.”
Listen at 37:41
Cameco is a credible long-term nuclear-power investment.
“I think that this Camco's for real. I really do. Because I think we are going to embrace nuclear power.”
Listen at 37:56
Cameco may require three to five years before meaningful earnings appear.
“But it's a three to five year issue. Remember that. Take three to five years before you see any real earnings.”
Listen at 38:01
Cameco’s investment case requires three to five years.
“But it's a three to five year issue.”
Listen at 38:01
QXO currently looks wrong, but Cramer avoids betting against Brad Jacobs.
“QXO feels very wrong, but it's Brad Jacobs, and I don't want to bet against him.”
Listen at 38:34
Aflac is inexpensive, low-growth, and relatively low-risk at current levels.
“Aflac is not an expensive stock. and it doesn't have a killer amount of growth, but I don't think it has that much risk down here”
Listen at 39:13
The United States should establish a national day of remembrance for 9/11.
“We need to have a day to ponder the horrendous nature of that attack.”
Listen at 41:14
A school-free national remembrance day would increase public attention to 9/11.
“If we had a National Day of Remembrance when schools are off, it would concentrate the mind.”
Listen at 41:28
Without a federal 9/11 holiday, public memory of the attacks may fade.
“Without that federal holiday, I fear that one day the cataclysm will be forgotten.”
Listen at 43:04
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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