Mad Money: Key points from May 13, 2020 (Wednesday) episode

Jim Cramer reveals his playbook, says investors can start slowly buying stocks Thursday afternoon (Jim Cramer reveals his playbook, says investors can start slowly buying stocks Thursday afternoon)

• “These kinds of sell-offs usually last about three days. This one started yesterday. I’m betting things begin to improve tomorrow around 2:30 p.m.,” CNBC’s Jim Cramer said.
• “That’s when the best rallies tend to begin [and] it’s going to start with the food” and drug stocks, the “Mad Money” host said.
• “If it doesn’t start by 2:30 p.m., wait until Friday. … Then you can slowly start buying your favorite stocks in the Cramer Covid index because they’re the kind of names you can still confidently pick up into weakness here,” he said.

Executive Interview: Cisco CEO Chuck Robbins: The future post-pandemic workplace will be based on a ‘hybrid model’（https://www.cnbc.com/2020/05/13/cisco-ceo-sees-a-hybrid-model-in-the-future-post-pandemic-workplace.html）

• “I think you’ll see many employees that will continue to work from home, you’ll have many that will get back to the office and then you’ll have some that’ll do a little bit of both,” Cisco Systems CEO Chuck Robbins said.
• ″[I]t’ll change things like how we think about talent in the future,” he said in a “Mad Money” interview.
• “I think this has given us confidence that we can hire talent anywhere and have them participate productively on teams, regardless of their location,” he said.

Ticker: CSCO

Off the Charts: Charts show Nvidia, AMD and Qualcomm have ‘a lot more room to run,’ Jim Cramer says (https://www.cnbc.com/2020/05/13/cramer-charts-show-nvidia-amd-and-qualcomm-have-more-room-to-run.html)

• “In a market that’s suddenly rolling over after an epic rebound from the lows, we need to circle the wagons around high-quality stocks that we can confidently buy into this newfound weakness,” CNBC’s Jim Cramer said.
• “Nvidia, AMD and Qualcomm all fit the bill, and the charts, as interpreted by Bob Lang, suggest that all three could have a lot more room to run,” the “Mad Money” host said.

Ticker: NVDA, AMD, QCOM

Executive Interview: Public Service Enterprise CEO talks coronavirus impact on business (https://www.cnbc.com/video/2020/05/13/public-service-enterprise-ceo-talks-coronavirus-impact-on-business.html)

Public Service Enterprise Group CEO Ralph Izzo discussed energy efficiency, coronavirus response and the company’s latest quarterly results.

Ticker: PSEG

Cramer’s lightning round: Shopify is the ‘hottest stock in the market’ (https://www.cnbc.com/2020/05/13/cramer-lightning-round-shopify-is-the-hottest-stock-in-the-market.html)

• Eaton: “Eaton is a terrific company and it’s had a very good run, but it’s precisely the kind of cyclical that I don’t want people in ’cause I think you don’t buy that stock going into a recession-slash-depression.”
• Revolve Group: I have been recommending Revolve, and I’ve been eviscerated by it, but then I always thought they could do a good quarter and they did it tonight after the bell and I’ve got to tell you: I think there’s going to be real momentum there. Their business model is good. So I feel vindicated, somewhat, and I think you’re O.K. in it.”
• Hewlett Packard Enterprise: “HPE, the enterprise, I think is a sell. And then HPQ … I think is O.K.”
• KeyCorp.: “Key is a great company, sir, but that 7.6% yield tells me … somebody is going to say, ’Listen, we’ve got to preserve capital at the banks.”
• Shopify: “Shopify was up even today. It is the hottest stock in the market. … I want you to wait, even though I think that they’re terrific.”

Ticker: ETN, RVLV, HPE (Hewlett Packard Enterprise), HPQ (HP Inc.), KEY, SHOP

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