Mad Money: Key points from August 27, 2020 (Thursday) episode

Summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Thursday, August 27, 2020. Links to CNBC sites which contain video clips and transcripts are also listed.

Abbott Labs gave the recovery plays a ‘huge boost,’ Jim Cramer says (https://www.cnbc.com/2020/08/27/abbott-labs-gave-the-recovery-plays-a-huge-boost-jim-cramer-says.html)

• “The recovery plays got a huge boost last night when Abbott Labs announced a 15-minute Covid test with great reliability that you can take at home,” CNBC’s Jim Cramer said.
• “If you know your fellow passengers don’t have the virus, you’d be a lot more willing to fly or book a cruise,” the “Mad Money” host said.
• Travel, leisure and financial stocks were among the biggest winners on the market, as the stay-at-home plays largely declined.

Ticker: ABT

Executive Interview: HP Inc CEO on strong Q3 sales: ‘We have never shipped so many PCs’ (https://www.cnbc.com/video/2020/08/27/hp-inc-ceo-on-strong-q3-sales-we-have-never-shipped-so-many-pcs.html)

HP Inc.’s record computer sales was driven by demand for work and learn from home tools, CEO Enrique Lores said.

Ticker: HPQ

Executive Interview: Business subscription proved to be ‘mission critical’: Workday co-CEO (https://www.cnbc.com/video/2020/08/27/workday-co-ceo-business-subscription-proved-to-be-mission-critical.html)

Workday co-CEO Aneel Bhusri, boosting guidance, said the company’s quarterly performance showed that HR and payroll software is essential to businesses.

Ticker: WDAY

Executive Interview: Williams Sonoma CEO on the retailer’s stakeholder, e-commerce strategies (https://www.cnbc.com/video/2020/08/27/williams-sonoma-ceo-on-retailer-stakeholder-e-commerce-strategies.html)

Williams Sonoma CEO Laura Alber discussed how the home goods retailer’s digital-first platform and sustainable values are helping drive the company’s growth.

Ticker: WSM

Executive Interview: Splunk CEO on equipping Chicago Public Schools with remote class technology (https://www.cnbc.com/video/2020/08/27/splunk-ceo-on-supplying-chicago-public-schools-remote-class-technology.html)

Splunk CEO Doug Merritt discussed the cloud software company’s role in helping the third largest U.S. public school district and its 400,000 students shift education plans.

Ticker: SPLK

Cramer’s lightning round: It’s not too late to get in Generac (https://www.cnbc.com/2020/08/27/cramer-lightning-round-it-is-not-to-late-to-get-in-generac.html)

• Generac: “The stock is up huge, but it’s still not too late because our power grid is failing so badly in this country that Generac is the answer.”
• Energy Transfer: “No, that balance sheet is from hell.”
• Switch: “It’s good. I mean, you know, they didn’t blow their numbers away, but it’s just a good, steady business. I was going to counter with Vertiv … but I like yours. I think it’s good.”
• Centene: “It’s a political year … Let’s just give [the company] a little more time … I don’t want you to leave that one.”
• Cisco Systems: “It’s just not their moment. … I think you’re fine.”

Ticker: GNRC, ET, VRTV, CNC, CSCO

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