Mad Money w/ Jim Cramer 7/27/26

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**SPEAKER_6** (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** (1:16)
Hey, I'm Cramer. Welcome to Mad Money. Welcome to Cramer, Erica. My friends, I'm just trying to make you some money. My job is not just to entertain, but it's to teach you. So, call me at 1-800-743-CBC. Tweet me at Jim Cramer. A specter is haunting this market, the specter of the year 2000, and it's very hard to talk people out of selling the stocks that resemble the casualties of the.com era, even if you think that this time it's very different. Fortunately, unlike 26 years ago, there are so many alternatives to invest in that you can easily steer clear of the data center and still make money. In fact, right now, this market is saying that you should stay as far away from the data center as possible because the whole AI thesis hinges on a few companies spending way more money than they maybe should while others continue to finance them. Today may have seemed sedate when you look at the averages, now gaining 263 points, has to be inching up 0.2%.
That's a dipping 0.18%, but there were a ton of powerful cross currents that dominated the action. And we got to discuss them, but why? Because they are worrisome. The market as a whole was strong enough today because oil is down big, 9% in one session, courtesy of the pause in bombing. The move, I get what that does, it moves interest rates down, which in turn moves stocks up. That's doubly important because this week, we have a Fed meeting, and the decline in oil helps make the case that inflation could be transitory. Now, there's a term we've heard many times before during the previous Fed Chiefs regime, but whether it's because the price of Brent crude went to the triple digits last week, or because our military is running out of interceptors to block Iranian missiles, so things may be too dicey now to keep bombing, the White House is turning down the temperature. That's clear. See, I bring this up because I've been pushing you to wean yourselves away from traditional tech and pivot to technological companies that are outside the tech sector. Think J&J for MedTech, Honeywell Aerospace for Airplane Tech. They'll down more than 50 points from its recent highs because of oil. Traders know to sell aerospace when oil goes up, even though these aerospace stocks don't trade on jet fuel. As much as I like the airlines themselves, they trade on cash flow and production growth. More on Honeywell Aerospace later in the show, but it is emblematic. Still, while I prefer to talk about what's working, we got to talk about what's not, at least in most cases, to see if or when it could start working again.
This weekend, we saw a blitz of announcements about the tie-ups, combinations, partnerships, and tech. Numbers are huge, big $100 billion deals involving data centers and the chips that fill them. Stories about suppliers and builders making potentially billions and billions of dollars, something that drove the complex.
But unlike previous times, when we've seen big money flowing from customers like the hyperscalers to suppliers like NVIDIA, AMD, the customer stocks, they're actually hanging in there. They've been getting really hurt. This time, the suppliers are getting pulled over us. Something happened on Friday too. Most of these supplier stocks started higher this session, but then they finished dramatically lower.