Mad Money w/ Jim Cramer Mad Money w/ Jim Cramer 4/23/26
9 snips
Apr 23, 2026 
Patty Poppe, CEO of PG&E Corp — utility leader focused on grid safety and rate relief. Mark Casper, CEO of Thermo Fisher Scientific — life-sciences executive driving organic growth and AI collaborations. Jim Fiddley, outgoing Dow CEO — petrochemical veteran describing Middle East supply effects and leadership transition. They discuss grid hardening, data-center capacity, AI partnerships, and petrochemical market shifts in short, focused conversations.
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Health Care Becoming a Value Refuge
- Health care stocks are trading like value plays after being marked down heavily this year.
- Jim Cramer argues health care offers growth plus lower valuation risk versus enterprise software vulnerable to AI disruption, citing sector rotation after ServiceNow's fall.
AI Is Compressing Enterprise Software Multiples
- Enterprise software valuations are under pressure because AI can replicate or cheapen software value.
- ServiceNow's 17% drop and 44% YTD decline illustrates investor fear that AI will compress pricing and multiples.
Buy Quality Health Care After Big Selloffs
- Buy beaten-up, high-quality health care names to balance portfolios against AI-driven software risk.
- Cited specific buys: CVS at ~11x earnings, Cardinal Health under 20x, Johnson & Johnson ~20x, and UnitedHealth as a buy after a strong quarter.