Mad Money: Key points from May 5, 2021 (Wednesday) episode

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, May 5, 2021.  It also contains links to CNBC sites which contain video clips and transcripts are also listed.

(1) Jim Cramer says investors must resist the urge to give up on ‘FAANG’ stocks (https://www.cnbc.com/2021/05/05/jim-cramer-advises-investors-not-to-give-up-on-faang-stocks.html)

• “They’re currently out of favor in the Wall Street fashion show. I’m telling you it’s temporary,” Jim Cramer said, referring to the Big Tech group of stocks known as “FAANG.”
• Only two of those Big Tech stocks — Facebook and Alphabet — are outperforming the S&P 500 in 2021. Apple and Netflix, meanwhile, are down year to date.
• Still, Cramer said the entire group is worth owning for the long-haul.

Why deserting FANG now is a mistake: (1) There’s no real “FAANG” – They are all individual entities, (2) Long-term outperformance, (3) Booms don’t last – FAANG + Microsoft shine in slowdowns, (4) FAANG is built to last – They are not sensitive to consumers’ whims, (5) Consistent reinvention

Bottom Line: suggest maintaining a diversified portfolio with some cyclical exporsure with one or tow FAANG

(2) Executive Interview: Trane Technologies CEO talks sustainable strategy to eliminate HVAC system emissions (https://www.cnbc.com/video/2021/05/05/trane-technologies-ceo-on-eliminating-hvac-and-refrigeration-emissions.html)

“We can do good for the planet and we can do great for investors by just innovating in the space,” Trane Technologies CEO Mike Lamach said in a “Mad Money” interview.

Ticker: TT

(3) Executive Interview: Bed Bath & Beyond CEO on revamping stores (https://www.cnbc.com/video/2021/05/05/bed-bath-beyond-ceo-on-revamping-stores.html)

Discussing Bed Bath & Beyond’s turnaround story, CEO Mark Tritton explained how the home goods retailers is looking to remodel locations.

Ticker: BBY

(4) Executive Interview PagerDuty CEO says hybrid workplaces have their own complex challenges (https://www.cnbc.com/2021/05/05/pagerduty-ceo-says-hybrid-workplaces-have-their-own-complex-challenges.html)

• PagerDuty CEO Jennifer Tejada told CNBC Wednesday that businesses are facing logistical challenges as organizations establish new hybrid work models for employees.
• “It’s going to require systems that help reduce complexity and give employees access to the technology they need in the seconds that they need it,” she said in a “Mad Money” interview.

Ticker: PD

(5) Cramer’s lightning round: Buy more Wells Fargo (https://www.cnbc.com/2021/05/05/cramer-lightning-round-buy-more-wells-fargo.html)

• Lumen Technologies: “Lumen Technologies reported about 10 minutes ago, so I do not have what’s going on in the conference call, so, therefore, I have to defer and can’t opine on it.”
• Fastly: “We left Fastly, felt that there were too many issues … Tonight, they lost their CFO and they did not have a good quarter. I can’t recommend it. I think there’ll be even more downgrades tomorrow.”
• Wells Fargo: “Buy more … That’s the cheapest bank. It’s going to be the best bank. I have faith in [CEO Charlie] Scharf”
• Medpace: “I think it’s good … It’s a good spec, it’s actually a little better than a spec. I think you’re going to be fine.”
• Morgan Stanley: “I think Morgan Stanley is terrific. I regret that my charitable trust does not own this stock.”
• Triton International: “They have all the containers. Why is that stock not up a lot? I’ve got to look into that.”
• Cerence: “I’ll do more work on it … It just doesn’t have anything I’m really interested in.”

Ticker: LUMN, FSLY, WFC, MEDP, MS [charitable trust owns JPM, GS and WFC], TRTN, CRNC

(6) [No Video Clip] Why Cramer’s Charitable Trust owns F not GM — “New CEO Jim Farley has done something incredible for the company. But both are too cheap to ignore.

Other Stocks Discussed: Dell Technologies (DELL) [terrific], McKesson Corp (MCK)

Ref: Links to other sites that relate to episode of May 5, 2021.

• Google Podcast (Sounds）
• Internet Archive (Video & Texts per minute）

Disclaimer

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