CNBC Investing Club: Cramer’s Morning Take on Healthcare Stocks & Jobs Report 5/8/26

SPEAKER_1 (0:00)

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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, morning take.

Look at a Capital One and I'm saying, oh come on Fairbank, do something. Yeah. You look at something like Cardinal Health is up for today, but the health care is so bad. Right.

Yesterday I had Tom Poland from Bethlehem Dickinson just lamenting the ratio and how health care is the cheapest it's ever been. So you say, okay listen, I'll keep buying the Cardinal Health, I'll buy some more J&J.

Jeff Marks (1:44)

Yeah, gradually. Look, I think earnings keep growing at a good clip, valuations getting more attractive. You think you will do well over time with that being a key line. Why don't we step back for a minute. April jobs report, better than expected, 115,000 jobs added, first 65,000 expected. Some slight negative revisions. Nothing too scary though. Average hourly earnings up 3.6, which is up from last month, a little bit below estimates, unemployment rate on change.

Lessens the case for a rate cut. The Fed has to focus more on inflation now, with the jobs okay.

Jim Cramer (2:22)

I'm still a believer that the Whirlpool economy is what Warsh will focus on. He will not focus on the agentic economy.

Jeff Marks (2:31)

Whirlpool economy need lower rates because the housing market has been bad. You buy a new house, you get a new Whirlpool housing machine.

Jim Cramer (2:40)

Look at this part of the economy, and the retailers are rolling over. The part of the economy that is, although I do like TJS 152, that basically has no momentum whatsoever.

I think it's very easy to make a case for those. I really do. I think that it's a Dollar Tree economy.

Jeff Marks (2:56)

Yeah. You mentioned retail rolling over. There was another downgrade of Nike today. This is Wells. They go to equal weight from Outperform. The Outperform rating hasn't done you much though. Just concerns about the length of the turnaround. They prefer clothing to footwear.

We downgraded this to a 2 after the quarter.

Jim Cramer (3:18)

Tapestry had problems. Tapestry is a great company.

It didn't produce the numbers that people thought. Again, it's very hit or miss. It used to be a retail chain called hit or miss. I used to say all the time, well, it's just like the hit or miss. But the problem is this. When you see a TJS go down 10 points with nothing, do you really want to go in and walk into it and put a bid in? I don't know, when does it stop, for heaven's sake?

SPEAKER_5 (3:43)

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.

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