Sep 3, 2026 · 44 min
Rate expectations put stocks and growth stories under pressure
Mad Money w/ Jim Cramer 9/3/26
The episode connects individual stock decisions, SoFi’s expansion plans, and the Magnificent Seven’s rebound to shifting bond-market expectations.
- 1The Magnificent Seven’s resurgence reflects renewed investor interest in major technology companies and changing market leadership.
- 2SoFi’s Anthony Noto presents a technology-enabled financial-services strategy shaped by growth, rates, payments, and an everything-app ambition.
- 3Small changes in Federal Reserve expectations and bond yields can redirect large flows across the equity market.
Don't miss
Anthony Noto explains how SoFi’s financial-services technology, payment rails, and everything-app strategy fit together.
The brief
Jim Cramer opens with the Magnificent Seven’s resurgence, framing the episode around renewed strength in major technology stocks and the forces behind changing market leadership.
Viewer calls test that framework across Procter & Gamble, GE Vernova, Intel, Walmart, Natera, and healthcare names, with growth, valuation, balance sheets, and catalysts driving the comparisons.
SoFi CEO Anthony Noto outlines the company’s growth strategy, financial-services technology, SoFi Coach, stablecoins, payment rails, and its ambition to become an everything app.
The Lightning Round turns cautious on speculative biotech and other high-risk names while treating Box as a possible owner, underscoring the difference between growth and speculation.
Cramer’s closing argument is macro: even modest changes in Federal Reserve expectations and bond yields can trigger major flows into or out of stocks.
What was said on this episode
27 statements · 21 positive · 5 negative · 1 mixed
Six Magnificent Seven stocks have significantly lagged the market.
“Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla have become forlorn losers.”
Listen at 1:50
Investors should buy Amazon now rather than wait until next year.
“You can't wait until next year to buy the stock of Amazon. And that's why it is a screaming buy”
Listen at 4:19
Alphabet is attractively priced at $342 per share.
“$342 is the price for Alphabet”
Listen at 4:55
Meta's teen-abuse lawsuit settlement was a major win for the company.
“I am saying it was a huge win for Meta.”
Listen at 6:17
Meta is historically the best advertising medium.
“Meta is the best advertising medium in history.”
Listen at 6:22
Nvidia could rise 50% with aggressively managed buybacks.
“I think this thing goes up 50 percent if I manage the buyback or someone like me, like an AI version of me.”
Listen at 8:37
Investors should buy Tesla.
“I think it is time. to buy.”
Listen at 9:09
Investors should not currently buy Procter & Gamble.
“I'm not recommending the stock right now.”
Listen at 10:06
Cramer would consider Procter & Gamble at 19 times earnings.
“It's got to get down to 19 times earnings before I'll take a shot at it or invest in it”
Listen at 10:08
GE Vernova's orders will continue despite its struggling wind business.
“I think the orders are going to continue.”
Listen at 10:53
Cramer has complete confidence in Intel.
“my belief in Intel is 100%.”
Listen at 11:55
Investors should buy and hold Walmart.
“Buy some Walmart and put it away, and I'll be very happy with it. So will you.”
Listen at 12:45
Five Below's initial post-earnings rise was justified; its sell-off was mistaken.
“I think that first move was right. I think the sell-off was a mistake.”
Listen at 14:24
Five Below is substantially undervalued after its earnings report.
“Honestly, I'm calling this one a steal.”
Listen at 19:17
Investors should buy Five Below.
“I say, yes, I think that five below is a buy, buy, buy.”
Listen at 19:49
Natera's precision-medicine platform represents healthcare's future.
“I think it is the future of health care.”
Listen at 25:00
Investors should wait for a Natera pullback before buying.
“I think it's just run to the point where I can't justify chasing it. But it is definitely worth waiting for a pullback and then doing some buying.”
Listen at 25:05
Investors may add to their Eli Lilly position after its pullback.
“I think you're fine to add some. I'm going to OK that.”
Listen at 25:45
Investors should buy UnitedHealth.
“I think the UNH is good to buy.”
Listen at 26:31
SoFi revenue and earnings per share are expected to grow over 30% and 50%.
“revenue is expected to be up more than 30%. Earnings per share is expected to go up more than 50%.”
Listen at 28:47
Building nuclear power plants is extremely difficult regardless of size or design.
“it's a lot harder to build a nuclear power plant, whether it be big or small or modular, it doesn't matter. It's just really, really hard.”
Listen at 38:23
CoreWeave is preferable to other NeoCloud companies, which are too speculative.
“The only one I like is CoreWeave with Michael Entrader. The others, I think, are too speculative for me.”
Listen at 38:54
Investors may own Box.
“I think it's okay to own.”
Listen at 39:18
Nuvation Bio is a highly speculative investment that could become worthless.
“this is just a pure spec. It's just a pure spec. And you take it and you accept the fact that it might go to zero”
Listen at 39:56
Lower interest rates cause stock prices to rise.
“Rates go down, stocks go up.”
Listen at 40:58
Money could continue flowing into stocks as rates remain favorable.
“I think it could keep flowing.”
Listen at 43:04
A large number of takeovers may occur this month.
“we're about to get a slew of takeovers this month.”
Listen at 43:09
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.