Mad Money w/ Jim Cramer 7/16/26

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**Jim Cramer** (1:01)
My mission is simple, to make you money.
I'm here to level the playing field for all investors. There's always a bull market somewhere, and I promise to help you find it. Mad Money starts now.

**Jim Cramer** (1:18)
Hey, I'm Cramer. Welcome to Mad Money. Welcome to Cramer. All the people I make friends, I'm just trying to make a little bit of money. Now, my job is not just to entertain, but to do some educating about a crazy market. So call me at 1-800-743-CNBC, or tweet me at Jim Cramer. It takes a lot of hubris, a lot of guts to disagree with the market's judgment about a stock after it reports. You're basically saying that the collective wisdom of millions of people and billions of dollars is just plain wrong.
Yet at times, I think the sentences pronounced against stocks are so wrong, that you got to call them out right here. You have to appeal, so to speak. Otherwise, you're going to miss some incredible buying opportunities. My job is to show you that. So today, when the Dow fell 106 points, has to be the time 0.51% in the NASDAQ, lost 1.47%.
I want to go over some of the dumbest judgments that have ever been rendered so far this earning season, at least in my opinion. And none of them, thank heavens, are part of the hellacious tech unwind that everyone else is possessed by.
The first is GE Aerospace, run by the tremendous Larry Culp, of the stock that fell roughly 4% today. The market's dead wrong here.
First, the Aerospace boom, which started post-COVID, is still full swing. There's been no serious diminution of travel. The market's always looking for a pure play on a long-term secular trend like Aerospace, but always too risky, even as I like it, for a long-term comeback and a position in it for the travel trust. People are too afraid to buy Honeywell Aerospace, which has just spun off from Honeywell Technologies. We own that one, too, because it's considered a fixed or upper. Boeing and Honeywell Aerospace are works in progress in one of the great secular growth stories, Aerospace. But GE Aerospace remains the best institutes of choice right now. You never sell the stock of GE, by the way, before Farnborough. That's the big British international air show that takes place next week. There's a good chance GE will win its fair share of business over there. You got to buy it before that. Plus, this company's raised its four-year number shigandically based on strong orders and improved execution.
Its cash flow was the strongest in years. Planes are lasting longer, and GE makes a huge amount of money servicing the planes, which, by the way, is the highest margin of business. They're going to return a ton of capital shareholders, and yet the stock got slammed. I think GE Aerospace is so important that I'm actually going to go over in detail if you stick around. Next, another one, you made bank there, Wells Fargo. Look, we had five major banks reporting on Tuesday. Oh, my head was on a swivel for heaven's sake. I mean, jeez, I tried to pay attention to each one. Sure, JPMorgan was terrific. Everyone knows Goldman Sachs. Wells Fargo, however, was savaged with a powerful analyst who actually cut his price target. Most of the community, the community which loved that, dismissed this company and its quarter. But I would contend that Wells Fargo's quarter wasn't just good.
I thought it was terrific.
The analyst who fixed a mistake called net interest income and also they care about net interest margin. They want banks to make more money on the difference between what they pay you for your deposits and what they charge you for loans. That is all they seem to care about. And sometimes it's just so myopic. When I was listening to the Wells Fargo conference call, I had to hear analysts one after another condescendingly ask CEO Charlie Sharp, who knows a heck of a lot more about banking than they do, why he isn't making more off the deposits and his loans. Oh, but Charlie, how about the NIMO? Charlie, how about the NII? Meanwhile, Charlie was talking about turning Wells Fargo from a bloated underachieving lender into a merchant bank of the first order that's helping companies come public and do mergers and acquisitions, where the money is, by the way. It's very difficult thing for a bank to change its stripes, transform itself from a loser in these incredibly lucrative businesses to a winning investment bank. But when you look at how Goldman Sachs is killing it, you know that's what Charlie wants to emulate, and I think that's a great plan. He's rapidly moving up the tables. Listen, Charlie Sharp is known as one brilliant banker. He saved Wells Fargo, so I'm concerned. And yet, it got killed when it reported because of these naysaying analysts who don't understand that Wells is transforming itself into something much better. It sells at 12 times earnings, for heaven's sake. I told CNBC Investing Club members that today, Wells Fargo was a steal.