Cramer says 'a big move is coming' for this financial, weighs a chip stock buy

January 23, 2026

TL;DR

The stock market was little changed on Friday, following two days of gains, as geopolitical concerns eased.
Majority of Magnificent Seven stocks, including Club holdings like Amazon, Meta, Microsoft, Google, and Nvidia, were higher.
Jim Cramer reiterated commitment to the Magnificent Seven despite a recent rotation into storage and semiconductor equipment stocks.
Upcoming earnings reports for Boeing, Corning, Danaher, GE Vernova, Starbucks, Meta, Microsoft, Dover, Honeywell, and Apple are scheduled.
The Federal Reserve's Open Market Committee meeting is set for Tuesday and Wednesday, with a 97% likelihood of interest rates remaining unchanged.
Capital One shares fell approximately 7% after reporting a mixed quarter and announcing a $5.15 billion acquisition of payments startup Brex.
Nvidia shares rose on reports of China's potential H200 chip orders, but Cramer expressed caution due to sector volatility.
Cramer noted that Nvidia's stock is being 'punished' due to having sufficient product, contrasting with shortages faced by companies like Micron.
Semiconductor stocks, including Intel and Broadcom, are also experiencing difficulties.
Stocks discussed in the rapid-fire segment included SLB, CSX, Clorox, and Intuitive Surgical.

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