Mad Money with Jim Cramer – March 10, 2026

Podcast Summary
Podcast: Mad Money w/ Jim Cramer
Original Air Date: March 10, 2026
Host: Jim Cramer (CNBC)

Overview

In this episode, Jim Cramer guides listeners through a volatile day on Wall Street, marked by geopolitical shocks, wild market swings, and fresh insights from key companies. He emphasizes the difference between hedge fund managers compelled to react to sudden news and individual investors with the luxury of patience. Key interviews include Jim Anderson (Coherent) and John Fieldly (Celsius Holdings), alongside in-depth takes on Medtronic’s spin-off and his rapid-fire Lightning Round stock opinions.

Market Recap & Main Theme: "Sit on Your Hands in Chaos"

[02:30–16:00]

• Market Whiplash:
  Volatility ruled the day, initially triggered by Defense Secretary Hegseth’s hawkish comments on Iran, which led traders to expect military escalation, rising oil, and lower stocks.

  • “See these hands? You know what's the best thing you can do with them in this market? I'll show you. Sit on them, that's what.” – Jim Cramer [01:20]

• Oil & Tech Tug-of-War:

  • Oil spikes on rumors, but reverses on a (later retracted) U.S. Navy tweet about a tanker operation, confusing traders further.
  • Tech stocks, particularly in semiconductors supplying data centers (e.g., Seagate, Micron), rally due to sustained “memory shortages,” as per HPE’s CEO.
  • The market ends mixed, exposing pitfalls of knee-jerk trading under fast-moving headlines.

• Hedge Fund vs. Individual Investor:
  Cramer highlights the misery of professionals forced to act and the blessing of individual investors to “do nothing”:

  • “You don't have clients breathing down your neck expecting you to make them money every day. You can sit on your hands when the situation is just unclear.” – Jim Cramer [14:00]

• Core Advice:

  • Emphasizes “Invest, Don’t Trade.”
  • Pick good stocks and hold; supplement with index funds.
  • “You'll trade your way to the poorhouse. Invest. Don't Trade, pick good stocks, hold on to them. Buy an index fund right next to it and play the long game.” – Jim Cramer [15:45]

Call-In Q&A: PayPal & Reddit

[17:05–20:35]

• Jim in Wyoming:

  • Asks if PayPal is more attractive now that Enrique Lawrence (former HPE CEO) is taking over.
  • Cramer: Congratulates caller on his 90th birthday, but says PayPal remains a tough fix despite the leadership change:
    • “It's just not that good a company. And I don't know if Enrique can fix it.” [18:45]

• Jerry in Missouri:

  • Asks if Reddit is still a buy despite recent declines.
  • Cramer: Strong buy rating, praises Steve Huffman’s leadership:
    • “Reddit is a solid buy and Huffman ought to come on and he's doing a terrific job.” [19:45]

• Key Point:
  Reiterates that chaos is the only guarantee, reinforcing the “sit on your hands” message.

Feature Interview: Coherent’s Data Center Photonics

[27:45–39:20]

Guest: Jim Anderson, CEO of Coherent

• Context: Coherent joins S&P 500; Nvidia invests $2B.

• Photonics Explained:

  • Coherent leads in building optical equipment for data centers, enabling high-speed data transmission using light instead of copper.
  • "It's about transmitting information using light... because there's tremendous growth of the amount of data flowing through these data centers." – Jim Anderson [29:00]

• Nvidia Partnership:

  • $2B investment and a long-term supply agreement (until decade’s end).
  • Clarifies: Nvidia is both a partner and customer, not just a competitor.
  • "They're now going to be buying product from Coherent. It's a supply agreement. And what's good for Nvidia is they get that security of supply." – Jim Anderson [32:05]

• Manufacturing Edge:

  • U.S.-based, state-of-the-art production (not just reliant on Asia); Coherent is doubling capacity in indium phosphide lasers—a key differentiator.
  • "We're investing in US manufacturing and some of the most critical technology... is made right here in the U.S." – Jim Anderson [34:20]

• Beyond Data Centers:

  • Strong business in industrial and telecommunications lasers, including growth in medical and chipmaking applications.

• Cramer’s Take:

  • Bullish but urges caution due to recent stock surge; suggests long-term upside for “well-positioned” Coherent.

Medtronic: A Bullish Post-Spin

[48:00–58:00]

• Spin-Off:

  • Medtronic spun off its diabetes unit (MiniMed), allowing sharper focus on higher-growth cardiovascular, neuroscience, and medical-surgical businesses.
  • MiniMed IPO underwhelms, but Cramer is ambivalent on that unit—bullish on the slimmer Medtronic instead.

• Growth Areas:

  • Cardiovascular: accelerating into >10% organic growth in subsegments.
  • Neuroscience: some deceleration, but new AI-driven products offer potential.
  • Medical Surgical: nascent robotics program could be transformative.

• Valuation:

  • Cheap: trading at 16x this year’s earnings and yielding 3.2%.
  • “At these levels, I think the stock's simply too cheap to ignore.” – Jim Cramer [58:00]

• Macro Take:

  • Highlights Medtronic’s “recession-proof” edge amid war and volatility.

• Caller Q&A:

  • Carter (Tennessee): UnitedHealth (UNH)—Cramer says no due to sector volatility.
  • Dave (Texas): Berkshire Hathaway—no longer has a “Warren Buffett premium.”

Feature Interview: Celsius Holdings

[01:11:30–01:22:40]

Guest: John Fieldly, CEO, Celsius

• Performance:

  • Huge quarter (170% sales growth, $2.5B revenue, $620M EBITDA).
  • Stock fell 20% “for free” due to sector-wide selloff, creating opportunity.
  • "That's one of the best quarters of the year." – Jim Cramer [01:22:20]

• Brand Portfolio:

  • Now managing Celsius (core fitness brand), Alani Nu (female-focused), and Rockstar (male-focused, room for growth)—all under PepsiCo’s distribution umbrella.
  • "We're the category captain of the energy category for Pepsi." – John Fieldly [01:13:20]

• Distribution Gains:

  • Record shelf space gains lined up for summer; Alani to double distribution.

• Innovation:

  • Push into “Fizz Free” options, mocktails for social occasions.
  • Expanding globally—Spain, Australia, more.

• Integration:

  • Key staff from Alani Nu retained; 200+ new hires in Q1 2026.

• Cramer’s Take:

  • Ultra-bullish: “This is the right stock to own if you're going to own the packaged good company stocks.” [01:22:35]

Lightning Round: Rapid-Fire Stock Opinions

[01:22:45–01:33:20]

• EOG Resources: Up 80% in caller’s portfolio—Cramer advises to sell half due to oil/gas volatility.
• American Express (AXP): Buy now, add more if it dips.
• Primoris Services: Hold, positive view.
• LyondellBasell (LYB): Strong buy, along with Dow (DOW).
• Power Solutions International (PSIX): Surprised at stock weakness—will investigate further.
• Credo Technology: Still a winner, but Cramer likes others more in the data center space.

No Huddle: Private Credit – Short at Your Own Risk

[01:33:25–01:37:30]

• New Product: Goldman Sachs enables big clients to short baskets of private loans—e.g., those held by Blackstone, Blue Owl, etc.
• Cramer’s Caution:
  • Shorting debt is dangerous: underlying companies like Zendesk rapidly adjust to AI threats, making outcomes unpredictable.
  • Private credit funds should demonstrate quality by selling some loans to prove they can meet redemptions.
  • “If the loans are as good as they say they are, there's always a buyer, some price.” – Jim Cramer [01:36:00]
  • Wouldn’t short nor buy these funds now; urges funds to "put up or shut up."

Notable Quotes

• “You'll trade your way to the poorhouse. Invest. Don't Trade.” – Jim Cramer [15:45]
• “The only reasonable thing that you can expect right now with this tape is chaos.” – Jim Cramer [21:00]
• “We are a global leader in photonics...transmitting information using light.” – Jim Anderson (Coherent CEO) [29:00]
• “We're the category captain of the energy category for Pepsi.” – John Fieldly (Celsius CEO) [01:13:20]

Key Timestamps

| Segment | Start | Summary | |-----------------------------------|---------|-------------------------------------------| | Market/Investing Advice | 02:30 | Hedge fund woes, “sit on hands” message | | Calls: PayPal & Reddit | 17:05 | Listener Q&A, stock outlooks | | Interview: Coherent (Jim Anderson)| 27:45 | Details on optical tech, S&P addition | | Medtronic Analysis + Q&A | 48:00 | Spin-off implications, portfolio review | | Interview: Celsius Holdings | 01:11:30| Tremendous growth, global expansion | | Lightning Round | 01:22:45| Buy/sell/hold rapid-fire Q&A | | No Huddle: Private Credit | 01:33:25| Risks of shorting loan baskets |

Tone & Style

True to “Mad Money,” the episode is energetic, passionate, and opinionated, with Cramer alternating between war stories, tough-love investment advice, and celebratory recognition of effective leadership and innovation in corporate America.

Summary Takeaway

If you’re bewildered by market chaos and constant news shocks, Cramer’s advice is simple: embrace patience, avoid compulsive trading, and use volatility as a chance to focus on high-quality, long-term investments. Data center technology (Coherent), medical devices (Medtronic), and consumer brands (Celsius) all get substantial, practical attention, while market-timing and complex short bets get the thumbs down.