Mad Money: Key points from June 11, 2020 (Thursday) episode

Cramer recommends buying these stocks after Thursday’s brutal day on Wall Street (https://www.cnbc.com/2020/06/11/jim-cramer-stock-recommendations-after-brutal-sell-off.html)

• “In a tough market, you need to circle the wagons around the few good names you feel comfortable buying and then buying more if they go lower,” CNBC’s Jim Cramer said.
• The “Mad Money” host said the “recovery plays, sadly, they’re not recovering.”
• “You go with companies that will be able to hit their numbers regardless of how badly this economy gets hit by all these new Covid hot spots,” he said

Stocks buying now:PepsiCo (PEP), Nvidia (NVDA), AMD (AMD), Broadcom (AVGO), PayPal (PYPL), Nike (NKE), Apple (APPL), Facebook (FB).

Executive Interview: CEO of Tommy Hilfiger parent company vows to ‘do better’ to boost corporate diversity, address social injustice (https://www.cnbc.com/2020/06/11/tommy-hilfiger-parent-ceo-vows-to-do-better-on-corporate-diversity-social-justice.html)

• “We need to do better from a recruiting point of view” and “when it comes to representation at leadership [and] management positions,” said Manny Chirico, CEO of PVH, the parent company of such apparel brands as Tommy Hilfiger and Calvin Klein.
• “We need to also focus on racial and ethnicity issues, as well, and get better representation in our executive ranks across the board,” he said in a “Mad Money” interview when asked about racial justice in America.
• “Over the next few months, we will come out with meaningful targets, and we will be accountable to ourselves and our stakeholders to meet those targets in the future,” he said.

Ticker: PVH

Executive Interview: ‘The threats are becoming higher’ — L3Harris CEO says tech is driving the future of warfare (https://www.cnbc.com/2020/06/11/defense-contractor-l3harris-ceo-tech-will-drive-the-future-of-warfare.html)

• “The competition of the future, the war fight of the future, is going to be based on new technology,” L3Harris CEO Bill Brown told CNBC.
• “We’re aggressively leaning into this because technology is really, really going to drive the future,” he said in a “Mad Money” interview.
• “Going against China requires technology. It requires delivering platforms to the fight, and those platforms have to get connected … across space, airborne, ground, maritime,” he said.

Ticker: LHX

Cramer’s lightning round: I don’t want anything to do with a real estate development company (https://www.cnbc.com/2020/06/11/cramer-lightning-round-i-do-nt-want-a-real-estate-development-company.html)

• Raytheon Technologies: “This stock had been too hot, and now it’s coming down. It’s at $62. Anywhere below $62 — let’s say you get it at the $50s — I want you to buy because you’ll be getting that nice 3.25% yield.”
• Howard Hughes: “That’s a real estate development company and the last thing I want right now is a real estate development company.”
• Leidos: “It’s an inexpensive stock. No catalyst.”
• Smith & Wesson Brands: “I’m not a political guy. The stock is up a lot. I don’t really have a rap on it.”

Ticker: RTX, HHC, LDOS, AOBC

Executive Interview: Adobe CEO talks Q2 earnings, unlocking creativity during coronavirus pandemic (https://www.cnbc.com/video/2020/06/11/adobe-ceo-talks-q2-earnings-unlocking-creativity-during-pandemic.html)

Adobe CEO Shantanu Narayen discussed the software company’s quarterly results and the importance of helping small- and medium-sized businesses.

Ticker: ADBE

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