Mad Money w/ Jim Cramer – December 10, 2025

Podcast Host: Jim Cramer (CNBC)
Air Date: December 11, 2025
Episode Theme: Positioning for a Post-Fed-Cut Market; Stock Picks; CEO Interviews; and Lessons from the "Year of Magical Investing"

Episode Overview

This episode of Mad Money revolves around the aftermath of the Federal Reserve’s highly anticipated rate cut and its broader impact on the stock market. Jim Cramer explains how investors should pivot their strategies in light of the Fed's action, identifies beneficiary sectors and stocks, and issues warnings about speculative investing. The show features CEO interviews (Chewy, ServiceTitan), offers in-depth analyses of industrial and consumer sectors (especially Deere and Co.), and concludes with the signature Lightning Round—rapid-fire stock opinions. Cramer also recaps lessons from the so-called "Year of Magical Investing," emphasizing the need for real revenue and profits.

Key Discussion Points and Insights

1. The Fed Rate Cut and Market Implications

Timestamps: 01:55–08:14

• Immediate Market Reaction:
  • The Dow surged 497 points; S&P 500 up 0.67%; Nasdaq up 0.33%; Russell 2000 outperformed due to high-growth, low-earnings stocks.
  • "With the Fed meeting done and behind us, we can go about our business of buying good stocks..." (Jim Cramer, 02:28)

• Clarifying What Matters After the Cut:

  1. The Fed is still market-friendly—a tailwind for bulls.
  2. Money managers are no longer holding back; a “jailbreak of cash” is fueling the market.
  3. Longer-term rates have fallen, confirming the Fed’s credibility (bond market’s positive response).

• Framework for Investors:
  • “Don’t fight the Fed” and “don’t fight the tape” (Citing Marty Zweig, 03:26). • Focus on buying cyclical stocks that benefit from lower rates—homebuilders, retailers, transport, and high-flyers reliant on future growth.

• Actionable Ideas:
  • “Buy the homebuilders and you buy the retailers that are connected, the home builders.” (Jim Cramer, 05:22) • Home Depot, JB Hunt, Federal Express, Union Pacific, Norfolk Southern—stocks positioned to gain from lower rates.

• Cautions and Market Psychology:
  • “Do not look a gift horse in the mouth.” (Jim Cramer, 08:14)
  • Reminds skeptics (the bears) that missing bull runs can be more costly than modest mistakes of enthusiasm.

2. Stock-Specific Advice & Viewer Q&A

Timestamps: 08:14–10:42

• Visa:
  • Still performing well despite rising credit card fees; “If you want to get into the business of credit cards that don’t charge as much, I want you to go by the stock in Capital One…” (Jim Cramer, 09:15)

• Market Tailwinds:
  • Noteworthy comments about “Trump accounts” from a government program that will auto-invest for newborns, bringing new money to the market.

• Final Takeaway:
  • “Just make sure you don’t get bearish when the time is right to be Bullish…” (Jim Cramer, 08:47)

3. Interview: Sumit Singh, CEO of Chewy

Timestamps: 13:10–21:12

• Q3 Performance Analysis:
  • Chewy beat on top and bottom line, solid growth (8% revenue, 30% profit). • “We're aggregating share across the industry, growing at more than two times the market number.” (Sumit Singh, 16:22)

• Subscription and Retention Strength:
  • Autoshop now >84% of sales, up from 60% in 2019. • Building out health offerings and vet clinics, driving higher retention.

• Chewy Plus Membership:
  • New program strengthening customer stickiness and basket size.

• Vet Clinics & Expansion:
  • Clinics now in multiple states, expanding to Arizona; half of visitors are new to Chewy ecosystem. • “We’re really using empathy and technology together to deliver experiences.” (Sumit Singh, 18:05)

• Fresh Food (“Get Real”) Launch:
  • Successful launch riding the “humanization” trend in pet care.

• Spending Trends:
  • “Consumer spending’s up… on consumables and health. They're still a little bit weary off discretionary, but at Chewy… we grew discretionary at 18% year over year.” (Sumit Singh, 20:31)

4. Deep Dive: Deere & Co. Post-Investor Day

Timestamps: 22:50–28:48

• Stock History & Recent Struggles:
  • Cramer recommended at $508, but shares languished despite solid company execution.

• Investor Day Takeaways:
  • Restructured for customer-centricity (10 production systems). • Accelerated tech stack: roadmap to automation, retrofitting autonomous solutions. • Investing in services/recurring revenue for smoother earnings.

• Financial Guidance:
  • Management forecasts 10% CAGR in net sales through 2030 (versus 4-7% in prior decades).
  • “If you believe they can hit the number, then Deere is going from a 4% grower to a 10% grower.” (Jim Cramer, 25:16)

• Market Non-Response:
  • “Yet for some reason, again, the stock didn’t rally. Man, this thing is hated. It actually went lower.” (Jim Cramer, 26:46)

• Bottom Line:
  • Cramer considers it a rare buying opportunity in a high-quality industrial stock largely ignored during the recent run-up.

5. Viewer Questions on Stocks & Cramer’s Lightning Round

Timestamps: 28:48–43:53

• Quick Takes:
  • Deckers Outdoor: Prefer Nike for momentum (29:28).
  • Procter & Gamble: Advocates patience, says long-term upside (30:24).
  • Soundhound, ROOT: Avoid due to speculative profiles (41:53).
  • Carvana: Still bullish, believes Ernie Garcia’s model is superior (43:06).
  • AES Corp: Likes as a beaten-down power generation play (43:53).

6. Interview: Ara Mahdessian, CEO of ServiceTitan

Timestamps: 32:03–40:30

• Company Overview:
  • ServiceTitan is the “operating system that powers the trades”—all-in-one SaaS for contractors (HVAC, plumbing, etc.). • “These are hardworking men and women that keep the world running… ServiceTitan is bringing that power of Silicon Valley to Main Street.” (Ara Mahdessian, 32:39)

• Product Value:
  • Software streamlines operations, marketing, dispatch, and can directly lead to business growth—“double, triple, 5x, 10x their business within a few years.” (Ara Mahdessian, 34:11)

• AI & Automation:
  • DispatchPro automatically optimizes technician routing and scheduling in real-time. • Voice agents handle overflow calls during surges.

• Upselling Tiers:
  • Customers can upgrade to “Pro” level suites for maximum functionality.

• Labor Force Trends:
  • Skilled trades are seen as “future proof” compared to knowledge work being disrupted by AI. • Next-generation technicians increasingly attracted by six-figure pay and job security.

7. Market Lessons: The Year of Magical Investing is Over

Timestamps: 44:20–48:04

• Fed Cut ≠ Return of Speculation:
  • Cramer declares the “year of magical investing”—a period of reckless speculation on cloud, AI, nuclear, crypto, and flying car stocks—firmly over, despite lower rates.

• Cautious Optimism for Real Companies:
  • “While the speculative plays have gotten crushed, we've seen a powerful rally in real stocks of real companies and real sales and real earnings. I like that.” (Jim Cramer, 45:34) • Examples: GE Vernova and Palantir, with real contracts/revenue, still surging.

• Bubble Warnings:
  • “Investors become true believers in stocks of companies that they don’t even know,” leading to underperformance relative to the S&P 500.

Notable Quotes & Memorable Moments

• On Fed Meetings:
  “Here’s the only cadence you need to know about a Fed meeting… If it’s a cut, you buy. Unless it’s the last one… If it’s a hike, you sell all but your consistent growth stocks. That’s really all there is to it, even if that seems like the troglodyte’s guide to Fed watching.” — Jim Cramer (02:28)

• On Bearishness:
  “Please do not look a gift horse in the mouth. The bottom line: just make sure you don't get bearish when the time is right to be bullish…” — Jim Cramer (08:14)

• On Speculation:
  “When I went negative on the high flyers, the neocloud stocks, the ambiguous artificial intelligence plays, the nukes, the crypto derivatives, the quantum computing stocks and the flying car names, I warned that people are about to get crushed in this stuff.” — Jim Cramer (44:20)

• On Chewy’s Success:
  “We are simultaneously delivering top line expansion at the same time we're growing our margins…I feel like we've got a pretty good, durable and differentiated set of levers.” — Sumit Singh, CEO of Chewy (16:22)

• On ServiceTitan’s Purpose:
  “ServiceTitan is bringing that power of Silicon Valley to Main Street to give them the same tools that others have access to and hopefully the success that they deserve as well.” — Ara Mahdessian, CEO of ServiceTitan (32:39)

Key Timestamps for Segments

| Topic/Segment | Timestamp | |:------------------------------------|:-----------:| | Opening & Fed Rate Cut Analysis | 01:55–08:14 | | Market Positioning & Stock Picks | 08:14–10:42 | | Chewy CEO Interview | 13:10–21:12 | | Deere & Industrial Sector Analysis | 22:50–28:48 | | Viewer Stock Q&A | 28:48–31:15 | | ServiceTitan CEO Interview | 32:03–40:30 | | Lightning Round | 40:53–43:53 | | The Year of Magical Investing Ends | 44:20–48:04 |

Summary Table: Cramer's Current Stock Stance

| Stock | Cramer’s View | Rationale | |-------------------|-------------------------------|-----------------------------------------------| | Home Depot | Bullish | Undervalued after recent dip; upside on rate cuts | | Palantir | Bullish | Real contracts, growth, defense sector wins | | Deere & Co. | Bullish (Buy on weakness) | Out-of-favor despite strong guidance/innovation| | Nike | Prefer over Deckers | Strong management, upcoming upside | | Procter & Gamble | Hold, Long-term Buy | Patience will be rewarded | | Carvana | Bullish | Disruptive business model | | AES Corp | Bullish | Out-of-favor power generation, value play | | Capital One | Bullish | Low multiple, good performance | | Soundhound/ROOT | Bearish (Avoid) | Speculative, no real profit | | Lemonade | Speculative alternative | Suggests over ROOT for a gamble |

Episode Takeaways

• Markets have responded forcefully in favor of stocks after the Fed cut, especially for cyclical, small-cap, and growth sectors.
• Stock selection should shift toward real, earnings-generating companies over “magical” speculative plays.
• Major CEOs (Chewy, ServiceTitan) underline the value of innovation, ecosystem development, and durable growth—even amid consumer uncertainty.
• Industrial laggards like Deere present contrarian opportunities.
• The "Year of Magical Investing"—marked by speculative excess and busts—serves as a cautionary tale to focus on fundamentals, not fads.
• Cramer’s fast-paced, opinionated, and banter-filled segments offer clear entry points, actionable ideas, and real-world perspective for investors amidst Wall Street noise.

This summary provides a comprehensive guide to all essential content and actionable lessons from the episode, with timestamps and attributions for easy listening reference.