Mad Money: Key points from November 24, 2020 (Tuesday) episode

Summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, November 24, 2020. Links to CNBC sites which contain video clips and transcripts are also listed.

(1) Jim Cramer on Dow hitting 30,000: Beating Covid-19 will be ‘like the end of Prohibition’ (https://www.cnbc.com/2020/11/24/cramer-on-dow-milestone-beating-covid-19-will-be-like-the-end-of-prohibition.html)

• “I think that what’s happening here is happy days are here again, somewhat justified because if we can get this thing under control it is going to be like the end of Prohibition,” CNBC’s Jim Cramer said.
• “I think that people just kind of have belief, they have faith, and it tends to be the younger generation that has faith,” he said on “Closing Bell.”
• “Science has triumphed. We don’t speak enough on the network about how great science has done because none of us thought this was possible.”

Ten Tipping Points in the Bulls’ Favor: (i) Presidential election certainty, (ii) COVID-19 Vaccines, (iii) Reopened Economy on the Horizon, (iv) Urban Flight, (v) The Search for the Next TESLA, (vi) Robinhood Investors, (vii) Buyers Overwhelming Sellers, (viii) Environmental Movement, (ix) The End of the US-China Trade War, (x) Markets Welcome Biden Transition

(2) Executive Interview: HP CEO says dividend boost is a ‘sign of the confidence’ in the PC maker’s future (https://www.cnbc.com/2020/11/24/hp-boosts-dividend-ceo-calls-it-sign-of-the-confidence-in-future.html)

• “You should take this as a sign of the confidence we have in the future of the company,” HP CEO Enrique Lores told CNBC’s Jim Cramer after the company boosted its dividend.
• HP shares were up more than 5% in after-hours trading after the company posted adjusted earnings of 62 cents per share on revenue of $15.3 billion, beating analysts’ expectations.
• “What this [pandemic] crisis has shown is that we are a very resilient company,” he said.

TIcker: HPQ

(3) Executive Interview: Nikola shares fall after CEO fails to reassure investors GM won’t pull out of $2 billion deal (https://www.cnbc.com/2020/11/24/nikola-shares-fall-after-ceo-fails-to-reassure-investors-gm-wont-pull-out-of-2-billion-deal.html)

• Shares of embattled electric vehicle start-up Nikola Corp. fell more than 8% during afterhours trading.
• Nikola CEO Mark Russell failed to reassure investors of a deal being finalized with GM and that there wouldn’t be a selloff of its stock next week by founder and ex-chairman Trevor Milton.
• There are roughly 360.9 million shares of company stock outstanding, making Milton Nikola’s largest single shareholder.

Ticker: NKLA

(4) [No Video Clip] Niu Technologies — Ticker: NIU

(5) Cramer’s lightning round: Centene is a long-term hold (https://www.cnbc.com/2020/11/24/cramer-lightning-round-centene-is-a-long-term-hold.html)

• Turtle Beach: “They actually did have earnings. It was kind of shocking. I can’t dislike it as much as I did. Let me delve into the earnings … we’re going to do some more work on it.”
• DexCom: Medtronic has “made everybody a little more careful, and that’s the way I think you have to approach these stocks.
• CBAK Energy Technology: “This stock has had a monster move. … [it’s] run up so much I just can’t recommend them here.”
• Centene: “You just have to hold on for long term, because [CEO] Michael Neidorff’s doing a very good job.”

Ticker: HEAR, DXCM, MDT, CBAT, CNC

(6) [No Video Clip] Could the New Administration Save Oil Industry?

Other Stocks Discussed (Calls with audiences): Pfizer (PFE), Viatris (VTRS) [rather buy LLY or BMY], KB Home (KBH) [fine right now, like the quarters], Palantir Technologies (PLTR) [cannot recommend after it has been doubled]

Disclaimer

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