Mad Money: Key points from January 4, 2023 (Wednesday) episode

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, January 4, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(1) Jim Cramer says more tech layoffs are coming after Salesforce cuts 10% of its headcount (https://www.cnbc.com/2023/01/04/jim-cramer-more-tech-layoffs-are-coming-after-salesforces-10percent-cut-.html)

• CNBC’s Jim Cramer on Wednesday warned investors that the tech industry will likely see more layoffs due to continuing macroeconomic headwinds.
• His comments come after Salesforce said Wednesday that it is slashing 10% of its staff and curtailing office space.

(2) & (4) Jim Cramer predicts these 10 S&P 500 stocks will perform well in 2023 (https://www.cnbc.com/2023/01/04/jim-cramer-predicts-these-ten-sp-500-stocks-will-perform-well-in-2023.html)

• CNBC’s Jim Cramer on Wednesday offered investors a selection of stocks that he believes will do well this year.
• To come up with his picks, he examined the best- and worst performers in the S&P 500 from last year and chose five potential 2023 winners from each list.

Best of the S&P 500 2022: HAL, CEG, ENPH, MCK, NOC

Worst of the S&P 500 2022: NFLX, SWK, VFC, META, AMD

(3) [No Video Clip] Jim Cramer gives his take on the upcoming earnings season (https://www.cnbc.com/video/2023/01/04/jim-cramer-gives-his-take-on-the-upcoming-earnings-season.html)

Cramer explained whether investors should embrace for more pain before the upcoming earnings season.

(5) Cramer’s lighting round: Stay away from Blackline (https://www.cnbc.com/2023/01/04/cramers-lighting-round-stay-away-from-blackline.html)

• Blackstone Inc: “I say, pull the trigger.”
• Blackline Inc: “It’s enterprise software that’s losing money. Those are the ones I’m trying to get people to stay away from.”
• Piedmont Lithium Inc: “Much too dangerous. Way too speculative. We’re going to take a pass on that one.”
• Novo Nordisk A/S: “I want you to switch into Eli Lilly.”
• Bloom Energy Corp: “They’re not working. They’re too expensive. I want you to avoid Bloom Energy.”
• Oramed Pharmaceuticals Inc: “This thing has had way too big a move. I can not get behind it. It’s way too speculative.”

Ticker:  BK, BL, PLL, NVO, BE, ORMP

(6) [No Video Clip] Jim Cramer on the SEC’s fraud charges against Cooper Morgenthau, former CFO of African Gold Acquisition (https://www.cnbc.com/video/2023/01/04/jim-cramer-on-the-secs-fraud-charges-against-cooper-morgenthau-former-cfo-of-african-gold-acquisition.html)

Cramer gave his take on the Securities and Exchange Commission’s charges against the former chief financial officer of African Gold Acquisition.

Other Stocks Discussed (calls with audience): Devon Energy (DVN) [fantastic right time to buy, buy buy buy], Corteva (CTVA) [I like CTVA, it is a good stock to own]

Ref: Links to other sites that relate to episode of January 4, 2023

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

Disclaimer

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