News / US / cnbc
Jim Cramer Highlights August Market Rebounds Among Battered S&P 500 Stocks
Technology Services · Internet Software/Services · cnbc · 2026-08-31
.SPX, AEM, WBD, BTC.CM=, MRNA, PLTR, CRM, NOW, VEEV, COIN, IT, SMCI, MRK, NEM, SNDK, PSKY, XLK, IGV, @GC26Z, AEM, GLD, SPY
Jim Cramer analyzes the significant August recovery for S&P 500 companies that previously faced intense selling pressure due to bearish market narratives.
What Happened
Market Rebound Dynamics: Jim Cramer identified a notable recovery in August for several S&P 500 companies that had previously suffered from negative market sentiment. These stocks, ranging from biotech to enterprise software, saw sharp gains as improving fundamentals helped dispel lingering fears regarding growth and AI-driven disruption.
Software Sector Recovery: Enterprise software firms like Palantir, Salesforce, and ServiceNow experienced significant rallies after investors moved past earlier concerns about the sector's durability. Cramer attributed part of this upward momentum to the unwinding of a large, leveraged hedge fund position that had previously pressured these stocks.
Biotech and Commodity Performance: Moderna led the index with a 156% gain in August, fueled by positive clinical results for its melanoma vaccine candidate. Meanwhile, Newmont Corporation benefited from a broader recovery in gold prices, though Cramer noted he favors other miners in the current environment.
Strategic and Macro Drivers: Other notable performers included Super Micro Computer and Sandisk, which gained on strong demand for AI-related memory hardware. Additionally, Coinbase saw a surge as investors utilized the stock as a proxy for cryptocurrency exposure amidst concerns over U.S. debt and currency stability.