Mad Money: Key points from June 2, 2020 (Tuesday) episode

China and Europe ‘bailed our stock market out,’ Jim Cramer says (https://www.cnbc.com/2020/06/02/china-and-europe-bailed-our-stock-market-out-jim-cramer-says.html)

• “Today our market was saved by strength overseas, for the first time in a long time,” CNBC’s Jim Cramer said.
• “China and Europe bailed our stock market out,” the “Mad Money” host said. “I’ll take it.”
• “If the rest of the world’s in better shape, well, that is fantastic news for our companies that do lots of business overseas,” he said.

Executive Interview: Proofpoint CEO talks the impact of coronavirus on cybersecurity (https://www.cnbc.com/video/2020/06/02/proofpoint-ceo-talks-the-impact-of-coronavirus-on-cybersecurity.html)

Hackers are leveraging the Covid-19 crisis to lure people into clicking trap links, Proofpoint CEO Gary Steele said.

Ticker: PFPT

Camping and RV stocks are ‘back in a big way,’ Jim Cramer says (https://www.cnbc.com/2020/06/02/camping-and-rv-stocks-are-back-in-a-big-way-jim-cramer-says.html)

• “I think the pandemic has given the industry a huge long-term boost,” CNBC’s Jim Cramer said.
• “Camping … is the perfect Covid vacation” and “you can still practice social distancing, especially if you’ve got an RV,” the “Mad Money” host said.
• “I say keep an eye on Thor and Winnebago. Thor reports next Monday, and Winnebago reports on the 17th,” he said.

Ticker: THO, WGO, LCII, CWH

Cramer’s lightning round: I’m starting to warm up again to Wells Fargo (https://www.cnbc.com/2020/06/02/cramer-lightning-round-i-am-starting-to-warm-up-again-to-wells-fargo.html)

• Ares Capital: “We do not know what they’re really investing in. That has caused a problem. a lot of people have lost money in these stocks. I am not going to recommend it.”
• UBS: “It’s not that great a dividend. It’s 3.28%. Wells [Fargo] has a better dividend. You know, I’m starting to warm up again to Wells because I saw that they got out of the auto loan business, which made me think that they’ve got horse sense. [CEO] Charlie Scharf’s a good guy.”
• Arcturus Therapeutics: “It’s another RNA play and a lot of people are really interested in RNA. Moderna is RNA. It’s a speculative stock, as long as you don’t put too much of your capital in it. I’m going to OK it, because I believe in the RNA technology.”
• Alteryx: It’s a buy.
• Lyft: “Now you’ve got the problems in cities, you’ve got Covid — it’s just a little too much heavy lifting for Lyft.”

Ticker: ARCC, UBS, WFC, ARCT, AYX, LYFT

Executive Interview: Marvell Technology CEO on supplying 5G and autos (https://www.cnbc.com/video/2020/06/02/marvell-technology-ceo-on-supplying-5g-and-autos.html)

Marvell Technology CEO Matt Murphy discussed the latest developments in the 5G roll out.

Ticker: MRVL

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