Mad Money: Key points from May 12, 2023 (Friday) Episode

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Friday, May 12, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(1) Here’s what Jim Cramer expects from key consumer earnings next week (https://www.cnbc.com/2023/05/12/heres-what-jim-cramer-expects-from-key-consumer-earnings-next-week.html)

• Major reports from consumer and retail names next week could serve as indicators for the economy, CNBC’s Jim Cramer said.
• The uncertainty caused by a potential debt crisis in Washington, D.C., has cast a pallor over the markets.

[TJX owned by Charitable Trust, Charitable Trust has small position in FL]

(2) Executive Interview: ‘I don’t need to dethrone a king’: New Lyft CEO says the company can succeed without annihilating Uber (https://www.cnbc.com/2023/05/12/lyft-ceo-says-the-company-will-succeed-alongside-rideshare-king-uber.html)

• Lyft’s new CEO, former Amazon executive David Risher, told CNBC’s Jim Cramer company doesn’t need to annihilate the competition to turn around its fortunes.
• Instead, he said Lyft will achieve distinction from its peers with features like “wait and save,” as well as a new preorder feature at airports.

Ticker: LYFT

(3) [No Video Clip for non-Club Member] Jim Cramer takes a look at Wynn Resorts’ stellar quarterly report (https://www.cnbc.com/video/2023/05/12/jim-cramer-take-a-look-at-wynn-resorts-stellar-quarterly-report.html)

‘Mad Money’ host Jim Cramer goes over some of the earnings you may have missed this week including Wynn Resorts which notched several big wins for the quarter.

Ticker: WYNN [buying opportunity, owning for charitable trust]

(4) [No Video Clip for non-Club Member] Jim Cramer grades portfolio’s to answer the question ‘Am I Diversified?’ (https://www.cnbc.com/video/2023/05/12/jim-cramer-grades-portfolios-to-answer-the-question-am-i-diversified.html)

• IBM, BGS [I don’t like BGS, get CPB], ConEdison, BN, CODI [segment of real estate, I don’t feel comfortable with. I’d rather see you in Lennar] — diversified but I don’t like the stocks
• COST, IBM, MRK, BRK-B, UNH –> perfect
• AEP, ITW, UNP [favoring Canadian Pacific], PEP, AAPL –> I like this portfolio, very nice portfolio
• BRK-B, CAT, XOM, AAPL, PFE [prefer LLY which is owned by the charitable trust]

(5) Cramer’s lightning round: Stay away from Virgin Galactic (https://www.cnbc.com/2023/05/12/cramers-lightning-round-stay-away-from-virgin-galactic-.html)

• Virgin Galactic: : “That company’s losing money hand over foot – I think it probably lost like $1 million during the course of this phone call. We’re going to have to say no to that company.”
• Fastly: “Almost a year ago we decided you needed to make some money too, and those guys have not gotten with the program. So the answer is no.”
• SpaceMobile: ”[sell, sell, sell!]”
• Rocket Companies: “We’ve got nothing to say about Rocket Mortgage. We don’t like mortgage companies.”
• Catalyst Pharmaceuticals: “This is a company that I think is a terrific [speculative stock] because it’s got medical solutions and a lot of the medical companies need something like this.”

Ticker: SPCE [No], FSLY [No], ASTS [sell sell sell sell], RKT, CPRX

(6) [No Video Clip for non-Club Member] Jim Cramer talks economic trends coming out of China (https://www.cnbc.com/video/2023/05/12/jim-cramer-talks-economic-trends-coming-out-of-china.html)

‘Mad Money’ host Jim Cramer discusses how China is boosting stocks trading on U.S. exchanges and what these larger trends may predict for the future.

[Chartable trust owns Starbucks], EL

Other Stocks Discussed (calls with audience): Estee Lauder (EL) [club name, too much inventory, I am a believer, bet with not against EL], MODG Topgolf Callaway [guidance kills the stock, shocked and disappointed, it was not good at all], Airbnb (ABNB) [buy the stock buy on Monday, at 100 that would be the price I would pick], Draftkings (DKNG) [losing money, but have tremendous momentums, because of the nature of the charitable trust, I do not buy stock of a company that is losing money, but I like the idea]

Ref: Links to other sites that relate to episode of May 12, 2023

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

Disclaimer

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