Mad Money: Key points from December 8, 2020 (Tuesday) episode

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

(1) Jim Cramer identifies popular stock picks among young investors (https://www.cnbc.com/2020/12/08/jim-cramer-identifies-popular-stock-picks-among-young-investors.html)

• “You need to know that this rally from the bottom was largely fueled by younger investors who can’t resist … and buy the dip,” CNBC’s Jim Cramer said after the major averages reached new highs, rebounding from intraday lows.
• “They love to buy when stocks are down, regardless of the news backdrop, and they’ve got enough clout these days to move even some of the biggest stocks going higher in the market,” the “Mad Money” host said.

Ticker: TSLA, ROKU, ETSY, SPOT, PYPL, NFLX, AMZN, OKTA, ZS, PANW, CRWD, ZM, RNG, SPCE, SNOW, FVRR, HUBS

(2)　Executive Interview: Chewy CEO claims 45% revenue growth was driven by pet industry trends, despite a pandemic online boom (https://www.cnbc.com/2020/12/08/chewy-ceo-says-pet-industry-trends-drove-45percent-revenue-growth-not-pandemic.html)

• “Regardless of whether we were in a pandemic or not the secular shift that we were enjoying and executing behind was all driven by the value proposition that we bring to the space,” Chewy CEO Sumit Singh told CNBC after reporting 45% growth in business.
• “We don’t really believe the growth that we’re delivering right now is pandemic driven,” he said in a “Mad Money” interview.
• Several quarters of growth were compressed into this year, and coming out of the pandemic we don’t really believe the value proposition [is] changing,” he said.

Ticker: CHWY

(3) Cramer predicts a strong 2021 rebound for Airbnb after IPO (https://www.cnbc.com/2020/12/08/cramer-sees-strong-2021-after-airbnb-ipo.html)

• “I want you to own Airbnb because it’s set to have a terrific year starting next March,” CNBC’s Jim Cramer said.
• “That means you’ve got a few months to make your move, no rush,” the “Mad Money” host said days before Airbnb, which has an IPO target range of between $56 and $60, goes public.
• “If you can get the stock for $68 or less this week, I’d back up the truck. If you can get it for less than $85, I’m granting you a small position,” he said.

Ticker ABNB

(4) Executive Interview: Hain Celestial CEO on restructuring the food products company’s portfolio (https://www.cnbc.com/video/2020/12/08/hain-celestial-ceo-on-restructuring-the-food-products-companys-portfolio.html)

Hain Celestial Group has exited 16 brands in the past 18 months. CEO Mark Schiller said its plan to become a simpler, more focused company.

Ticker: HAIN

(5) Cramer’s lightning round: Quest Diagnostics is good to own (https://www.cnbc.com/2020/12/08/cramers-lightning-round-quest-diagnostics-is-good-to-own.html)

• Sea Ltd: “I can’t analyze that company. [It] doesn’t make any money. It’s got all the appeal of a lot of the companies I follow, but I cannot opine on it. I’m not dodging it, I just don’t know it.”
• Quest Diagnostics: “I think Quest is good. I like Lab Corp more, frankly.”
• Pacific Biosciences: “I can’t tell [you] to buy it up here. It’s moved too much.”
• HanesBrands: “Very pedestrian stock. It’s doing OK. …. I thought PVH did a decent job in the quarter. I’d rather be in that than to be in this one.”

Ticker: SE, DGX, LH, PACB, HBI, PVH

Other Stocks Discussed (Calls with audiences): ABBV [Charitable Trust trimmed its position], AMC Entertainment (AMC) , GDRX [this is a buy], MP [not aggressive now, let come in]

Disclaimer

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Link to Podcast for this episode. → Mad Money (Google Podcasts)