Mad Money: Key points from October 29, 2020 (Thursday) episode

Summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Thursday, October 29, 2020. Links to CNBC sites which contain video clips and transcripts are also listed.

(1) Cramer reacts to Amazon, Alphabet, Apple and Facebook earnings (https://www.cnbc.com/2020/10/29/cramer-reacts-to-amazon-alphabet-apple-and-facebook-earnings.html)

• CNBC’s Jim Cramer on Thursday rejected the idea that Big Tech stocks may be “ridiculously expensive.”
• “In most cases, the earnings estimates were way, way, way, way, way, way, way too low,” the “Mad Money” host said after reviewing quarterly reports from Amazon, Alphabet, Facebook and Apple.
• “That’s exactly what you’d expect from best-of-breed companies that are growing into their enormous market capitalizations every hour, every minute of the week,” he said.

Ticker: GOOGL, AMZN, FB, AAPL

(2) Executive Interview: Fastly CEO says company continues to ‘feel optimistic’ after losing business from TikTok (https://www.cnbc.com/video/2020/10/29/fastly-ceo-feels-optimistic-despite-losing-business-from-tiktok.html)

Fastly CEO Joshua Bixby gives his reaction to ByteDance’s decision to pull much of TikTok’s traffic from the company’s content delivery network.

Ticker: FSLY

(3) Executive Interview: Etsy CEO says this is the ‘perfect moment’ to invest in marketing (https://www.cnbc.com/video/2020/10/29/etsy-ceo-says-this-is-the-perfect-moment-to-invest-in-marketing.html)

Etsy CEO Josh Silverman explained why the e-commerce site is “top of mind” for consumers and what steps the company is taking to differentiate the company and sustain momentum.

Ticker: ETSY

(4) Executive Interview: LivePerson CEO: The retail sector is booming for conversational commerce (https://www.cnbc.com/video/2020/10/29/liveperson-ceo-the-retail-sector-is-booming-for-conversational-commerce.html)

LivePerson CEO Rob Locasio broke down how retailers are adopting cloud messaging programs to help deliver on customer service in the time of Covid-19 to fuel the company’s third-quarter sales by 26%.

Ticker: LPSN

(5) Cramer’s lightning round: Workhorse is a ‘show horse’ (https://www.cnbc.com/2020/10/29/cramer-lightning-round-workhorse-is-a-show-horse.html)

• Workhorse: “Workhorse is a showhorse, as far as I’m concerned. … I like Plug Power.”
• Voya Financial: “I think it’s good. It’s the best house in a real bad neighborhood. I will not recommend anything financial or anything oil.”
• New York Community Bancorp: “I know you’re probably interested in that dividend, and it is bountiful … I look at it and say, ‘if I were running that bank, that dividend is too risky.’ … I don’t like the shape of the U.S. economy right now if Covid keeps growing.”
• MPLX: “You probably like it for the yield, which is around 16% .. typically that kind of yield is unsustainable and will be cut. Maybe this is the ultimate exception, and good luck to them.”
• Callaway Golf: “I like your thinking. … I think if it goes down tomorrow, you pick some up.”
• Simon Property Group: “The longer the Covid lasts, the less valuable that property is. That’s the way it works.”

Ticker: WKHS, PLUG, VOYA, NYCB, MPLX, ELY, SPG

Other Stock Discussed (call with an audience): VIX

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