Mad Money: Key points from May 7, 2020 (Thursday) episode

Jim Cramer on Moderna vaccine-sparked rally: ‘Let’s not get ahead of ourselves’（https://www.cnbc.com/2020/05/07/jim-cramer-reacts-to-moderna-vaccine-progress.html）

• “I get this rally. It’s based on hope, and while hope should not be part of the equation, the truth is there are some real potential positives now occurring,” CNBC’s Jim Cramer said about Wall Street’s reaction to Moderna’s coronavirus vaccine progress.
• “This Panglossian worldview says you have to ignore tomorrow’s hideous non-farm payroll number, because it’s all rearview mirror,” the “Mad Money” host said.
• “We need to acknowledge that good things can still happen without going into denial about all the bad things that are currently happening,” he said.

TickerL MRNA, RTX

Executive Interview: Norwegian Cruise Line CEO: ‘We expect to sail sometime in 2020’ (https://www.cnbc.com/video/2020/05/07/norwegian-cruise-ceo-talks-raising-2-billion-to-dodge-bankruptcy.html)

• “We expect to sail sometime in 2020,” Norwegian Cruise Line CEO Frank Del Rio told CNBC.
• “It would be irresponsible for me to give you a specific date…But we’re working hard shoulder-to-shoulder” with health officials to “develop an enhanced protocol of every kind you can think of,” he said in a “Mad Money” interview.
• ″[W]e believe that together we’ll be able to demonstrate to the CDC and other government officials that cruising is indeed safe and not all cruise lines are created equal,” he said.

Ticker: NCLH

Executive Interview: ‘It was suddenly Cyber Monday’ — Etsy CEO says sales spiked 79% in April (https://www.cnbc.com/2020/05/07/etsy-ceo-says-sales-jumped-79percent-in-april-likens-it-to-cyber-monday.html)

• “Non-mask sales on Etsy were up 79% year over year in the month of April,” Etsy CEO Josh Silverman says.
• The company also sold $133 million worth of face masks during the month, which was not included in the 79% increase, he said one day after the company posted mixed results in the first quarter.
• He said “our sellers are so good at inventing products that are really relevant for the moment and then being ready to ship those.”

Ticker: ETSY

Cramer’s lightning round: ‘I do not like the bank stocks’ (https://www.cnbc.com/2020/05/07/cramer-lightning-round-i-do-not-like-the-bank-stocks.html)

• Omnicom: “It yields 5%. Very solid company. Probably one of the last men standing in advertising. I say” buy.
• Draftkings: ”[W]e feel like we missed recommending the stock” after it rallied.
• Wells Fargo: “I do not like the bank stocks … because I think that if we don’t get a vaccine, then there’s a lot of companies that are going to go belly up and Wells Fargo has got … some bad loans.”
• Cytosorbents: “Blood purification is probably one of the most important things going on in this country right now and that’s them. They’re fine.”
• EPR Properties: “I’m going to have to say no.”

Ticker: OMC, DEAC, WFC, CTSO, EPR

Executive Interview: Square CFO on how the fintech firm has aided small businesses during coronavirus (https://www.cnbc.com/video/2020/05/07/square-cfo-talks-helping-small-businesses-through-coronavirus-crisis.html)

Square CFO Amrita Ahuja appeared on “Mad Money” to discuss the company’s small business efforts and a pick up in economic activity in recent weeks.

Ticker: SQ

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