Mad Money: Key points from November 2, 2020 (Monday) episode

Summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Monday, November 2, 2020. Links to CNBC sites which contain video clips and transcripts are also listed.

(1) Jim Cramer breaks down Monday’s rotation: ‘Value has lagged’ (https://www.cnbc.com/2020/11/02/jim-cramer-breaks-down-mondays-rotation-value-has-lagged.html)

• “The high-flying tech stocks have had a huge run. Value has lagged,” CNBC’s Jim Cramer said.
• “As we pick through the rubble from last week, investors are dumping growth stocks and swapping into value names,” the “Mad Money” host said.
• “Only a handful of the red-hots were able to hang in there, like Snowflake, the most expensive stock in the market, and, of course, the sainted Tesla,” he said.

Rotation into value plays: CVX, MMM. JPM, HOM, CAT

(2) Executive Interview: Clorox CEO on why the company is increasing advertising spending (https://www.cnbc.com/video/2020/11/02/clorox-ceo-on-why-the-company-is-increasing-advertising-spending.html)

Clorox CEO Linda Rendle said the company spent 30% more on advertising in the company’s most recent quarter. The company has no plans to cut back in the near future.

Ticker: CLX

(3) [No Video Clip] Corsair Gaming — Ticker: CRSR

(4) Executive Interview: Waste Management CEO says 2020 was not a ‘throwaway year’ for the company (https://www.cnbc.com/video/2020/11/02/waste-management-ceo-2020-was-not-a-throwaway-year-for-the-company.html)

“We learned that we can operate this business at a lower cost structure both the operating cost side,” Waste Management CEO Jim Fisher said in a “Mad Money” interview when discussing results from the third quarter.

Ticker: WM

(5) Cramer’s lightning round: Jumia Technologies is a ‘good spec’ (https://www.cnbc.com/2020/11/02/cramer-lightning-round-jumia-technologies-is-a-good-spec.html)

• Jumia Technologies: “I like this idea … I say it is a good spec.”
• FibroGen: “I like the idea, as long as you put it in your total speculative column.”
• Nio: “This thing did take off. I admit that I was late to the party on this one. … And I think it does go higher.”
• Sabre: “I do not want to be in there.”
• Crowdstrike: “I love Crowdstrik. I think it’s one of the absolute best. You hold on to it for multi-years, mabye three to five.”

Ticker: JMIA, FGEN, NIO, SABR, CRWD

(6) Jim Cramer names 9 stocks to watch amid election results, rising cases (https://www.cnbc.com/2020/11/02/jim-cramers-9-stocks-to-watch-amid-election-results-rising-cases.html)

• “All of these names would work under both candidates,” CNBC’s Jim Cramer said as he laid out nine stocks to watch with the presidential election approaching.
• “They’re Covid winners and Covid will be with us regardless of who wins tomorrow,” the “Mad Money” host said.
• Cramer gave his takes on multiple companies that he thinks have prepared for an uncertain future.

Ticker: AMZN, CMG, DPZ, TGT, WMT, ABT, LH, CLX, EL

Other Stocks Discussed (calls with audiences): Twitter (TWTR) [cheap, but no catalyst], Akamai Technologies (AKAM), JFrog (FROG) [good company]

If you have any questions or comments on this topic, please start a new topic using its parent forum “Investments in the US”.

Disclaimer

****************************