By Syeda Seirut Javed
Publication Date: 2026-08-26 17:07:00
Toward the end of the lightning round of Mad Money on August 24, a caller asked for Jim Cramer’s opinion regarding starting a position in International Business Machines Corporation (NYSE:IBM). He replied:
IBM’s rather, I mean, it’s very tough. I think it’s doing better than people think. It’s all the way down. But I have to tell you, I know that people hate the stock even though I don’t think they should and I got to keep that in mind.
Cramer’s defensive stance on August 24 builds on a thesis he tracked closely through the last few months. During the June 4 episode of Mad Money, when asked if the stock could justify its valuation after jumping roughly 80 points in a week, Cramer advised patience against chasing momentum and noted:
Oh, okay… look, I think you raised a really interesting question. You said it was up, down, up, down. This stock is up about 80 points in like a week. I think we gotta give it a chance. I want it to come down…
