Cramer's Morning Take: Trade Deal & Memes 7/23/25

SPEAKER_1 (0:00)

Fidelity Trading Dashboard brings live data, news and charts into one screen, so you can build and place trades better. Start for free at fidelity.com/tradingdashboard. Investing involves risk, including risk of loss. Fidelity Broker Services LLC, member NYSC SIPC.

SPEAKER_2 (0:16)

Introducing the new Dell AIPC, powered by the Intel Core Ultra Processor. It helps do your busy work for you, so you can fast forward through editing images, designing presentations, generating code, debugging code, summarizing meeting notes, finding files, managing your schedule, responding to Jim's long emails, leaving all the time in the world for the things you actually want to do. No offense, Jim. Get a new Dell AIPC starting at 69999 at dell.com/aidashpc. How those ahead, stay ahead.

Jim Cramer (0:49)

Jim Cramer here to share with you a sample of my take on the market from today's CNBC Investing Club morning meeting.

This is what's so interesting to me. Right now, we just got, was the biggest trade deal. And I think it's a win for Japan, win for us. Congratulations to the president to be able to split hairs like that because it was, the tariffs were up higher and managed to be lower to the point where everybody thinks it's great. I mean, Toyota's going fine. All the cars, all the car companies are fine. And yet at the same time, we have this meme problem again. And I say, it's a problem because it's could be pump and dump. It could be anything that's a lot like what we saw with Gamestop. So on the one hand, we're tracked with some very good news.

SPEAKER_4 (1:32)

Yeah.

Jim Cramer (1:33)

On the other hand, we have this kind of market that worries me very much.

SPEAKER_4 (1:36)

You know, a little bit of the froth came out yesterday. You saw a lot of laggards had a strong day. I mean, consumer staples, groups like that, health care momentum kind of faded. I like to see some of the froth come out, but the targeted short squeezes, I just don't like to see. They don't end well for anyone.

Jim Cramer (1:54)

Wait a minute, I don't even want to mention some of the stocks that are being operated on, because I don't want anyone to think that I even want to dignify it. Meantime, though, a lot of my callers say, Jim, what's the deal? Why isn't it, if you're making money, you always have to make money, then you're fine. I like to see a legitimate way to make money, and that's what, now, Kohl's is different. Kohl's a real company, okay? There were three bidders for Kohl's between 50 and 60 It did have some terrible same-store sales numbers. It was able to refinance debt. The reason why Kohl's is different, unlike Bed, Bath, and Beyond, is the debt has been refinanced, and it's five years before you have any coupons. So Michael Bedder might be able to turn it around. At the same time, the others, when you get these little single-digit ones, I'm uncomfortable with that.

SPEAKER_4 (2:41)

Yeah, certainly. But let's talk about what's moving the market. A lot of big earnings movers today. You know, I felt like a dummy for selling Dan and her on Monday, but glad we're sticking with Capital One, because even though it was a noisy quarter, a huge earnings beat, $5.48 adjusted well above estimates, which were all over the place.

Credit quality improving. A lot of good thoughts on the Discover deal. Integration off to a good start. They did say the integration costs are going to be a little bit higher than estimates, but they're investing for growth and they see so many opportunities out there.

Jim Cramer (3:15)

Join the CNBC Investing Club with Jim Cramer to catch my member exclusive morning minis every day at 1020 a.m. Visit cnbc.com/morningtake to become a member today. That's one word, morning take.

SPEAKER_5 (3:31)

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, NBC Universal or their 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. You should be aware of the risk of loss in following any strategy or investment discussed in the content from Cramer. To view the full CNBC Investing Club disclaimer, please visit cnbc.com/investingclubdisclaimer.

SPEAKER_2 (4:16)

CNBC Make It's online course, how to build a standout personal brand. Three industry experts will show you how to create and grow your brand step by step.