Squawk on the Street CNBC Investing Club: Cramer’s Morning Take on Eli Lilly 3/18/26
Mar 18, 2026
They debate how a U.S. strike pushed oil futures and rattled markets. They dig into oil price psychology as WTI nears $100 and what that means for stability. Technical indicators showing oversold conditions get a quick look. A heated rebuttal of a major downgrade on a big health-care drugmaker takes center stage.
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Oil Spike Likely A Short Lived Market Shock
- Cramer views recent oil-driven market weakness as temporary and sees buying opportunities ahead.
- He notes oil futures spiked after an unusual U.S. decision and expects sentiment to normalize in days.
Technicals Show The Market Is Still Oversold
- The market's oscillator showed significant movement despite little S&P change, indicating oversold conditions.
- Cramer highlights a 5.18% oscillator move and concludes the market remains technically oversold.
Use A Pyramid Strategy When Adding To Positions
- Cramer explains his buying strategy for Cardinal Health using a pyramid approach.
- He says they started early and bought down from a prior purchase to build a larger position as the stock fell.