Mad Money: Key points from October 8, 2020 (Thursday) episode

Summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Thursday, October 8, 2020. Links to CNBC sites which contain video clips and transcripts are also listed.

Jim Cramer reveals his top stocks in 7 under-the-radar bull markets (https://www.cnbc.com/2020/10/08/jim-cramer-reveals-top-stocks-in-7-under-the-radar-bull-markets.html)

• “Main Street may indeed need a stimulus deal, but Wall Street can do just fine without one, and so can your portfolio as long as you focus on the bull markets that don’t need no stinking bailout,” CNBC’s Jim Cramer said.
• Housing-related and work-from-home tech stocks have been among the hottest parts of the stock market during the pandemic.
• The “Mad Money” host pointed out several other areas where investors can find opportunities that don’t get much attention.

Bull Markets on Wall Street: (1) Housing — Toll Brothers (TOL), D.R. Horton (DHI), PulteGroup (PHM), Linnar (LEN), Stanley Black & Decker (SWK), HermanMiller (MLHR), Wayfair (W), Whirpool (WHR), Williams-Sonoma (WSM), Costco (COST), Lowe’s (LOW), Home Depot (HD), Roku (ROKU), Best Buy (BBY); (2) Work-From-Home — ZScaler (ZS), Cloudflare (NET), Palo Alto Networks (PANW), Salesforce (CRM)

Rising Bull Markets: (1) Last Man Standing Restaurants — Wendy’s (WEN), McDonald’s (MCD), Beyond Meat (BYND), Chipotle (CMG), Starbucks (SBUX), Yum! Brands (YUM); (2) Retail — Lulumelon (LULU), Nike (NKE), Levi Strauss &Co. (LEVI), L Brands (LB), American Eagle (AEO), Gap (GPS); (3) Used Auto Market — Group 1 Automotive (GPI), Lithia Motors (LAD), CarMax (KMX), Carvana (CVNA), AutoNation (AN); (4) Packaging — International Paper (IP), Westrock (WRK); (5) Agriculture: Corteva (CTVA), John Deere (DE), Agco (AGCO); (6) Chemical — PPG (PPG), Dow (DOW); (7) Railroads — Norfolk Southerner (NSC), Union Pacific (UNP)

Executive Interview: Domino’s Pizza CEO: More expenses to operate in the coronavirus world (https://www.cnbc.com/video/2020/10/08/dominos-pizza-ceo-more-expenses-to-operate-in-the-coroaonvirus-world.html)

After reporting a top-line beat in the third quarter, Domino’s CEO Ritch Allison explained how pandemic-related costs strained on the company’s profits.

Ticker: DPZ

Executive Interview: Marvell Tech CEO says cloud is ‘as big’ of an opportunity as 5G (https://www.cnbc.com/video/2020/10/08/marvell-tech-ceo-says-cloud-is-as-big-of-an-opportunity-as-5g.html)

Marvell Technology CEO Matt Murphy said he believes that the adoption of both 5G and cloud remains in the early innings.

Ticker: MRVL

Cramer’s lightning round: Time to start buying Boeing (https://www.cnbc.com/2020/10/08/cramer-lightning-round-time-to-start-buying-boeing.html)

• Shift4 Payments: “I’m going to have to do work.”
• Limelight Networks: Buy
• Crispr Therapeutics: “Crispr’s the real deal, and I think you’ve got a very good one and I like it very much.”
• Virgin Galactic: “I don’t see anything in the near term that tells me that that is a winner.”
• Boeing: “We just decided after years of disliking it … that it was time to start buying Boeing.”

Ticker: FOUR, LLNW, CRSP, SPCE, BA

Jim Cramer on oil: ‘My long-term forecast is grim’ under a Trump or Biden administration (https://www.cnbc.com/2020/10/08/cramer-is-bearish-on-oil-under-a-trump-or-biden-presidency.html)

• “I’d say stay away from the whole group, because my long-term forecast is grim,” CNBC’s Jim Cramer said about the state of the oil industry.
• “Regardless of who wins the election next month, it’ll be bad news for the oil industry,” the “Mad Money” host said.
• However, he offered two ideas for investors looking to pick up lagging stocks in the space. “As the price of crude works its way to $45, I am blessing you … buy Chevron or Parsley for a trade,” he said.

Ticker: CVX, PE

Other Topic (no video clip): “Cramer’s taking another, closer look at Spartan Energy Acquistion Co. as it merges with Fisker to weigh out the bull and bear cases.” — Ticker: SPAQ

Other Stocks Discussed (calls with audiences): Lemonade (LMND), Corsair Gaming (CRSR)

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