Mad Money: Key points from October 20, 2020 (Tuesday) episode

Summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, October 20, 2020. Links to CNBC sites which contain video clips and transcripts are also listed.

(1) Jim Cramer: Three solar stocks to play on a Biden presidential election victory (https://www.cnbc.com/2020/10/20/jim-cramer-three-solar-stocks-to-play-on-a-biden-presidential-election-victory.html)

• “The Democrats are eager to throw money at solar … which is why the stocks are running,” CNBC’s Jim Cramer said.
• The “Mad Money” host recommended First Solar, Generac and Tesla as solar stocks worth owning, should Joe Biden beat President Donald Trump in the 2020 election.
• Solar energy is seen as a sustainable alternative to fossil fuels, but the technology comes with higher costs when compared to other clean sources.

[The Biden Basket] (a) Solar Winners: Tesla (TSLA), First Solar (FSLR), Generac (GNRC); (b) Infrastructure Winners: Caterpillar (CAT), Martin Marietta Materials (MLM), Deere & Company (DE), Vulcan Materials Company (VMC), West Management (WM); (c) China-Related Winners: 3M Company (MMM), Otis Worldwide Corporation (OTIS), Emerson Electric (EMR), Caterpillar (CAT), Starbucks (SBUX), NIKE (NKE), Apple (AAPL)

(2) Executive Interview: Logitech CEO: We ‘weren’t surprised’ Apple dropped speakers off store (https://www.cnbc.com/video/2020/10/20/logitech-ceo-says-he-wasnt-surprised-apple-dropped-speakers-off-store.html)

Logitech CEO Bracken Darrell said the computer peripherals company has shifted its focus from speakers to go after products with secular growth prospects.

Ticker: LOGI

(3) A Democratic wave could make things much easier for the marijuana industry, Jim Cramer says (https://www.cnbc.com/2020/10/20/jim-cramer-a-democratic-wave-would-be-a-boost-for-marijuana-industry.html)

• “If you want to bet on a blue wave in two weeks, a Democratic wave could make things much easier for the marijuana industry,” CNBC’s Jim Cramer said.
• “Just remember, stick to the picks and shovels plays or the vertically integrated operators that are actually profitable,” the “Mad Money” host advised investors betting on the space.
• “I think there’s a very good chance that unified Democratic control over Congress could make life much easier for the domestic cannabis industry,” he said.

Ways to Play Cannabis Space: Canopy Growth (CGC), GrowGeneration (GRWG), Innovative Industrial Properties (IIPR)

US Cannabis companies (profitable companies, but not recommend): Green Thumb Industries (Chicago-based cannabis consumer packaged goods company), Trulieve Cannabis Corp. (The largest fully licensed medical marijuana company in Florida), Curaleaf Holdings

(4)  [No Video Clip] Stocks relating to personal hygiene — The Procter & Gamble Company (PG), Reckitt Benckiser, L Brands (LB) [parent of Body Work – 50% upside potential]

(5) Cramer’s lightning round: Do not sell TG Therapeutics (https://www.cnbc.com/2020/10/20/cramer-lightning-round-do-not-sell-tg-therapeutics.html)

• Livent: “This is a Philadelphia company that’s a spinoff that I don’t want you in. It’s too speculative.”
• TG Therapeutics: “Do not sell [CEO] Mike Weiss.”
• Velodyne Lidar: “Lidar, no. It’s a spinoff, no. … We’re not going to be in those.”
• FireEye: “You’re going to have to keep waiting. … I want you to [own] Palo Alto Networks.”
• Annaly Capital: “No. We’ve been against NLY from $15 down to $7, and we reiterate that we’re against it.”
• Sinclair Broadcast: “It won’t move.”
• Lithium Americas: “I’m against Lithium right now. I think it’s too much in flux. If you’re going to buy miner … I’m going to have to send you to GOLD, Barrick.”

Ticker：LTHM, TGTX, VLDRW, FEYE, PANW, NLY, SBGI, LAC, GOLD

(6) Black Entrepreneurs Day shows ‘people want to make a difference,’ FUBU CEO Daymond John says (https://www.cnbc.com/2020/10/20/daymond-john-black-entrepreneurs-day-shows-people-want-to-make-a-difference-.html)

• Daymond John of “Shark Tank” fame, who said he was “frustrated” by the state of Black businesses in the face of the pandemic, said he leveraged his network in the business world to highlight and provide resources to Black enterprises at the global live-stream event.
• “It shows that people want to make a difference,” John, the founder and CEO of hip-hop apparel company FUBU, told CNBC’s Jim Cramer in a “Mad Money” interview Tuesday.

Other Stocks Discussed (calls with audiences): Ameresco, Inc. (AMRC), Avaya Holdings (AVYA), Enphase Energy, Inc. (ENPH)

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