CNBC Investing Club: Cramer’s Morning Take on Cardinal Health 3/3/26

SPEAKER_1 (0:00)

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SPEAKER_2 (0:28)

Thy ticket, Lady Jennifer of Coolidge.

Jim Cramer (0:31)

Well, many thanks, good sir.

SPEAKER_2 (0:33)

Heareth my Discover card.

SPEAKER_1 (0:36)

They accept Discover at Renaissance Fairs?

Jeff Marks (0:38)

Yeah, they do here.

SPEAKER_2 (0:40)

Discover is accepted at the places I love to shop. Getteth with the times.

SPEAKER_1 (0:45)

With the times? You're playing the lute.

Jeff Marks (0:49)

Yeah, and it sounds pretty good, right?

Jim Cramer (0:51)

Discover is accepted at 99% of places that take credit cards nationwide.

Jeff Marks (0:55)

Based on the February 2025 Nielsen Report.

Jim Cramer (1:00)

Jim Cramer here to share a short preview of my take on the market from today's members-only CNBC Investing Club morning meeting. Join the club for full access to the morning meeting every day at 10 20 a.m. Visit cnbc.com/morningtake to sign up today. That's one word, morningtake.

Jeff Marks (1:21)

So we made a lot of moves in the portfolio over the last 24 hours. Why don't we go over it? We bought a defensive growth stock yesterday in Cardinal Health, backbone of the health care industry. All of its revenues come inside or generated inside the US. So what happens overseas, oil prices shouldn't really impact that.

Jim Cramer (1:40)

No, and that's why this is the opportunity. You know, we start small, you know how we do it. And then we build up in pyramid style and I'm ready to buy some more Cardinal. That's exactly what we have to go with.

Jeff Marks (1:47)

So we bought that tomorrow morning. And then when the markets recovered, you had a 1% gain in daily move in BlackRock, decided to cut that position in about a half again and replace the Cardinal Health money with the BlackRock.

Jim Cramer (2:02)

Right, remember, we're not putting new money in. Okay, that's going to come when we're really oversold. We're kind of just at the fringes. We do believe that, remember, we are optimists. If you saw that there were fewer drones on day four, then I think you'd say, oh my god, this thing is over, and I gotta take this market up 2,000 points, Dow points, very big in the S&P, and I don't want that to happen to us. We're not gonna do a wholesale, let's get out now, that is not. What we're doing is we're trying to strategically place, actually we're doing tactical work now. We'd be strategic if we decided that it got really oversold, we really want to put a couple percent in. I'm not there yet.

Jeff Marks (2:40)

Yeah, the Oscillator finished Monday at.93%, so not really near oversold territory.

SPEAKER_2 (2:48)

All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates and may have been previously disseminated by Cramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. To view the full CNBC Investing Club disclaimer, please visit cnbc.com/investingclubdisclaimer.

SPEAKER_1 (3:20)

Trading at Schwab is powered by Ameritrade, giving you even more specialized support than ever before. Like access to the trade desk, our team of passionate traders ready to tackle anything from the most complex trading questions to a simple strategy gut check. Need assistance? No problem. Get 24 seven professional answers and live help and access support by phone, email and in-platform chat. That's how Schwab is here for you to help you trade brilliantly. Learn more at schwab.com/trading.