Mad Money w/ Jim Cramer Mad Money w/ Jim Cramer 3/11/26
Mar 11, 2026
Market risk from the Iran conflict and oil swings takes center stage. Themes to buy if oil calms include data centers, memory plays, and budget retail. Deep dives cover Oracle’s reassuring quarter and OpenAI ties. Corporate moves include AI-driven job cuts and turnaround plans at Mattel. Rapid-fire stock calls and listener Q&A round out the conversation.
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Iran Conflict Can Break The Market's Ring Fence
- Jim Cramer warns the Iran conflict could keep oil soaring, which would topple a fragile market and bust bullish ring-fence narratives.
- He contrasts a limited ceasefire win with a prolonged standoff that could push oil to $120+, damaging broad indices including Exxon and Chevron via index effects.
Buy These Themes If Oil Stabilizes
- If the Iran situation calms, buy into three themes: data center plays, memory suppliers, and trade-down retailers.
- He names Oracle and NVIDIA-linked AI cloud investment, memory names (Western Digital, Seagate, SK Hynix) and retailers like Burlington, Ross, TJX, Dollar Tree, and Five Below.
Oracle Quarter Validates CapEx Light AI Play
- Oracle's quarter eased doubts about its AI data center strategy by beating revenue, raising guidance, and showing capex-light contract structures.
- RPO surged to $553 billion and Oracle raised $30 billion in debt/convertible preferred, reducing immediate fundraising pressure.