Mad Money: Key points from March 13, 2023 (Monday) episode

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Monday, March 13, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(1) Regional banks are still vulnerable even with Fed on alert, Jim Cramer says (https://www.cnbc.com/2023/03/13/regional-banks-still-vulnerable-even-with-fed-on-alert-cramer-says.html)

• Regional banks are still vulnerable, but investors dodged a major bullet, CNBC’s Jim Cramer said.
• If there is one upside, Cramer said, it’s the possibility of slower or absent Federal Reserve rate hikes.

Ticker: SI SIVB, SBNY

(2) [No Video Clip for non-Club Member] Cramer says sudden collapse of SVB caught many by surprise, changed everything for this market (https://www.cnbc.com/video/2023/03/13/cramer-says-sudden-collapse-of-svb-caught-many-by-surprise-changed-everything-for-this-market.html)

Mad Money host Jim Cramer goes deep into the weeds to explain what happened last week with the collapse of SVB Financial, offers a mea culpa for recommending the stock, and discusses how it’s changed everything for the markets.

“SVB Financial: what led to the collapse

problems:

• Deposit base too concentrated
• Aggressively invested in gov’t bonds

↓

• VC depositors demand money back
• SVB forced to sell bonds at a loss
• SVB couldn’t raise capital
• FDIC seized bank & closed it”

(３) [No Video Clip for non-Club Member] Off-the-Chart: Cramer says technician Carley Garner believes the cure for high yields is, ultimately, high yields (https://www.cnbc.com/video/2023/03/13/cramer-says-technician-carley-garner-believes-the-cure-for-high-yields-is-ultimately-high-yields.html)

Mad Money host Jim Cramer analyzes the charts of technician Carley Garner, co-founder of DeCarley Trading and author of ‘Higher Probability Commodity Trading.’

(4) [No Video Clip for non-Club Member] Executive Interview: The value of a financial institution is in its deposit base, says Phil Green, CEO of Cullen/Frost Bankers (https://www.cnbc.com/video/2023/03/13/the-value-of-a-financial-institution-is-in-its-deposit-base-says-phil-green-ceo-of-cullenfrost-bankers.html)

Mad Money host Jim Cramer talks to Cullen/Frost Bankers CEO Phil Green about whether his bank could get caught up in the current regional banking panic.

Ticker: CFR

(5) Lightning Round: I think Tesla’s a great long-term situation (https://www.cnbc.com/video/2023/03/13/lightning-round-i-think-teslas-a-great-long-term-situation.html)

Mad Money host Jim Cramer weighs in on various stocks, including Tesla, Marvell Technology, SoundHound, Ford, Devon Energy and Ally Financial.

Ticker: Tesla (TSLA) [I like TSLA, long term situation], Marvel Technology (MRVL) [not right time right now, sold for charitable trust], Soundhound (SOUM) [fiscal year will be better, you should explored the number], Ford (F) [5% yield, 12, catching in on, Ford with Musk not there; not Ford or Musk], Devon Energy (DVN) [so low, it is ok, missed the quarter], Ally Financials (ALLY) [I don’t like any financial company]

(6) [No Video Clip for non-Club Member] This banking crisis could have been much worse (https://www.cnbc.com/video/2023/03/13/this-banking-crisis-could-have-been-much-worse.html)

Mad Money host Jim Cramer looks back at last Friday’s events, when the government took control of Silicon Valley Bank and discusses how the collapse was handled by regulators.

” Cramer: I cheer the decision to act, because it could save thousands of community & regional banks”

Other Stocks Discussed (calls with audience): Bitcoin [manipulated, once believer but not here not now], NY Comm Bancorp (NYCB ) [be careful, worry about capital situation, principle could go down]

Ref: Links to other sites that relate to episode of March 13, 2023

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

Disclaimer

****************************