Mad Money w/ Jim Cramer Mad Money w/ Jim Cramer 1/22/26
Jan 23, 2026
Jim Cramer dives into the shifting dynamics of Wall Street, contrasting index gains with stock picking strategies. He discusses the shrinking price-to-earnings ratios among major players and highlights a surge in money flow into storage and semiconductor stocks. The impact of AI on enterprise software raises concerns, while Cramer previews earnings for Procter & Gamble and 3M, shedding light on operational changes. The Lightning Round features rapid-fire stock picks, and Cramer emphasizes the psychological factors influencing stock movements during earnings season.
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Index Funds Plus Select Stocks Can Outperform
- Jim Cramer explains that pairing index funds with select individual stocks can deliver outsized gains compared with index-only investing.
- He argues disciplined stock-picking and homework allow investors to outperform the S&P 500 over time.
Multiple Compression Signals Skepticism
- Cramer notes price-to-earnings multiples for big tech have compressed as the market questions future growth.
- He links multiple compression to skepticism about sustained earnings power amid new competitive threats.
Money Is Flowing From Mega-Cap To Storage Plays
- Cramer attributes part of the Magnificent Seven weakness to money rotating into hot, momentum storage and memory stocks.
- He explains investors sell large-cap tech donors to buy rapidly accelerating semiconductor and storage names.