Mad Money w/ Jim Cramer 8/6/26

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**Jim Cramer** (1:02)
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** (1:17)
Hey, I'm Cramer. Welcome to Mad Money. Welcome to Cramer.

**Jim Cramer** (1:21)
Other people make friends? I'm just trying to make a little bit of money. My job is not just to entertain, but do a little teaching. So call me 1-800-743-CBC. Tweet me at Jim Cramer. Themes.
I love themes. They help you craft a portfolio with a win at their backs, not in your faces. The kind of stocks that you can confidently buy more of when they go down, that's important. You know why? Because at some point, they all go down.
And the best time to discover which themes are working is during earning season, closer to the tail end. The themes often determine the day, especially on a listless day like today. Dow dropped 464 points.
S&P dipped 0.18%. Nasdaq declined 0.06%. I've been waiting for this point in the earning season for the themes to emerge, and now they are here, and I can reveal them. The first theme's totally countered to them. I mean, completely. The consumer's incredibly strong right now. Now we've been told over and over again that the consumer's totally scratched, whacked by less government assistance, huge jumps in inflation, but this earning season, uh-uh. The companies are saying otherwise. It all started with the banks for two huge consumer banks. Bank of America and Wells Fargo told us that consumers of all economic levels are feeling positive and have money to spend with their means, within their means. Not taking down a lot of debt. Healthy, good balance sheet. Now, frankly, I didn't see this coming. Look, I knew that American Express, I knew that there would be buoyancy because they got a rich clientele. But to see and hear the bookings and the Expedia CEOs in the last couple days tell a tale of incredibly robust vacation demand, I'm calling that downright encouraging.
Now, it is true that post-COVID, there's been a production of travel. That's the long on memory, short on money, short on time. I mean, that's what, in other words, like people came back from COVID and they said, you know what, I got to see the world. But I thought that would have been a little transitory. It now seems evergreen in the CEOs of Delta United Airlines. They've embraced the story.
Oh, I like Capital One, COF as a way to play consumer spending. Now it's merged with Discover to become a heavy hitter in the credit card space. There's opportunity there. Hey, you know what, this stock of American Express is down 7% for the year. I like that too. Capital One's down 9%. I think either can fit in your portfolio. I think both are going higher. What else? William Sonoma and Ralph Lauren, two high-end retailers, big beneficiaries of a strong consumer.

**Jim Cramer** (3:44)
I like them both.

**Jim Cramer** (3:44)
Ralph Lauren reported a terrific quarter this very morning. Remarkable job.

**Jim Cramer** (3:47)
More on that one later.

**Jim Cramer** (3:49)
Second theme. All right, look, we know, and you heard about it all day on the network, there is a shortage of every kind of memory in the universe in the data center.
Owning the companies who need memory, we know that can be dicey, as we know from the crazy action of stocks. So can owning the companies that actually make the memory. Ah, but owning the companies that make the machines that make the memory, wow!