Mad Money: Key points from February 2, 2023 (Thursday) episode

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Thursday, February 2, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(1) Jim Cramer says Meta Platforms’ latest quarter is why he stuck with the stock (https://www.cnbc.com/2023/02/02/cramer-says-meta-platforms-latest-quarter-is-why-he-stuck-with-it.html)

• CNBC’s Jim Cramer on Thursday used Facebook parent Meta Platforms as a case study of why it sometimes pays off to hold downtrodden stocks.
• Meta shares soared over 23% on Thursday the day after the company reported a fourth-quarter revenue beat and announced a $40 billion stock buyback.

(1)’ Jim Cramer explains why he stuck with Nvidia through the stock’s downturn (https://www.cnbc.com/video/2023/02/02/jim-cramer-explains-why-he-stuck-with-nvidia-through-the-stocks-downturn.html)

Cramer explained his thoughts on Nvidia stock and why his Charitable Trust held onto it.

(2) [No Video Clip] Jim Cramer reviews stock pitches from students at the Miami Herbert Business School (https://www.cnbc.com/video/2023/02/02/jim-cramer-reviews-stock-pitches-from-students-at-the-miami-herbert-business-school.html)

Cramer answered questions from students at the University of Miami.

Stock & Ticker: Six Flags (SIX) [I like it],  Canadian Pacific (CP) [I like the presentation], T-Mobile (TMUS) [Stock will go lower], Peloton (PTON) [Great idea]

(3) Jim Cramer says he likes these 3 junior growth stocks for younger investors (https://www.cnbc.com/2023/02/02/jim-cramer-says-he-likes-these-3-junior-growth-stocks-for-younger-investors.html)

• CNBC’s Jim Cramer gave young investors a list of stocks he believes should be on their shopping lists.
• Cramer explained that junior growth stocks are smaller, faster-growing companies that could become huge in the future.
  • While Etsy’s stock valuation got a bit “excessive” during the height of the Covid pandemic, its underlying business remains solid, according to Cramer.
  • He said that the continued strong demand for travel will help lift Airbnb’s earnings.
  • “I think Dutch Bros. is a fantastic long-term holding as long as you can get it now, less than $40,” he said.

Ticker: ETSY, ABNB, BROS

(4) Executive Interview: MasTec CEO on the transition to clean energy (https://www.cnbc.com/video/2023/02/02/mastec-ceo-on-the-transition-to-clean-energy.html)

Cramer spoke with MasTec CEO José Mas on Thursday.

Ticker: MTZ

(5) Cramer’s lightning round: Stick with Netflix (https://www.cnbc.com/2023/02/02/cramers-lightning-round-stick-with-netflix.html)

• GameStop Corp: “I like great American stories. I don’t like that whole group.”
• Netflix Inc: “You got the pain, you get the gain. Stick with it.”
• GE Healthcare Technologies Inc: “I like the stock. I like the management. I say, stay along.”
• DraftKings Inc: “Stock could come around, but it’s got to be 50 states before we get there.”
• Medtronic PLC: “Medtronic right now is not being run well. … I want you to stay away from that.”

Ticker: GME, NFLX, GEHC, DKNG, MDT

(6) [No Video Clip] Jim Cramer goes over the rules for investing in speculative stocks (https://www.cnbc.com/video/2023/02/02/jim-cramer-goes-over-the-rules-for-investing-in-speculative-stocks.html)

Cramer laid down rules for investors who want to engage in speculation.

Cannot speculate until you set aside $10,000, no margin trading, crypt is not investing

Other Stocks Discussed (calls with audience): REITS [hold off], China [re-opening affects negatively], best way to study investment [use fist hand experience], general wealth, NU [terrific in long term], Tesla (TSLA), Ford (F)

Ref: Links to other sites that relate to episode of February 2, 2023

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

Disclaimer

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