Mad Money: Key points from June 14, 2023 (Wednesday) Episode

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, June 14, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(1) Jim Cramer sees a narrowing market ahead, following Fed’s rate-hike pause (https://www.cnbc.com/2023/06/14/cramer-sees-a-narrowing-market-ahead-following-feds-rate-hike-pause.html)

• CNBC’s Jim Cramer debriefed investors about the Fed’s Wednesday meeting, where it announced a pause in rate hikes but implicated further moves later this year.
• Cramer sees a narrowing market dominated by top-performing tech stocks as many investors start to sell in a panic.

“Bottom Line: We need some more shakeout, for people to go back to the sidelines…then this market will be ready for a broader rally.”

(2) [No Video Clip for non-Club Member] Executive Interview: Jim Cramer goes one-on-one with Bowlero CEO Thomas Shannon (https://www.cnbc.com/video/2023/06/14/jim-cramer-goes-one-on-one-with-bowlero-ceo-thomas-shannon.html)

Thomas Shannon, Bowlero founder and CEO joins ‘Mad Money’ host Jim Cramer to discuss the stocks recent performance, the bowling and leisure space, and more.

Ticker: BOWL

(3) [No Video Clip for non-Club Member] Jim Cramer answers Investing Club member’s questions (https://www.cnbc.com/video/2023/06/14/jim-cramer-answers-investing-club-members-questions.html)

‘Mad Money’ host Jim Cramer answers questions from Investing Club members.

• percentage of cash position in a portfolio — We have 8.8% cash position, but it is up to you
• CDNS or MRVL — CDNS is the best for ENVD, but both are good and well managed and will either one for charitable trust if they come down
• LLY — there will be a lot of demand, there is not enough supply, and the people who has enough supply will be LLY
• profit taking — reconciliation of profit taking and “own it don’t trade it” –> if you have so much of it because it moves up so much, you got to take profits, i.e., profit taking is more important
• SWKS — too cheap, this stock is a buy
• dead money (a stock that does not recover for 6 month and does not pay dividends) — see if there is a catalyst, if there is, you got to hold on to it, if not you should sell it
• will oil stock increase in Q3? — No

(4) [No Video Clip for non-Club Member] Executive Interview: We’re the ‘central nervous system’ for data streaming, says Confluent CEO Jay Kreps (https://www.cnbc.com/video/2023/06/14/were-the-central-nervous-system-for-data-streaming-says-confluent-ceo-jay-kreps.html)

Jay Kreps, Confluent co-founder, chairman and CEO, joins ‘Mad Money’ host Jim Cramer to talk hom the data streaming service works, how companies are utilizing Confluent in connection to A.I., and more.

(5) Cramer’s Lightning Round: GE Healthcare is a buy (https://www.cnbc.com/2023/06/14/cramers-lightning-round-ge-healthcare-is-a-buy.html)

• GE Healthcare: “Yeah, that’s exactly why we’ve been buying it for the [CNBC Charitable Trust]. Don’t forget, this is really important: if there are indeed more elective surgeries there is going to be more need for their big MRIs, I think that GE Healthcare is a screaming buy right here.”
• NGL Energy: “You’re right. You know, I love it. This is one of these logistics companies that moves fuel. Any time I see those, I do like them, I think that’s the sweet spot of the energy complex right now.”
• Fuelcell Energy: “No. See, they should be making money by now. There’s no reason why they are still losing money. I cannot recommend that stock on this show, it’s just not right.”
• Pampa Energia SA: “I cannot recommend the stocks that are Argentinian or Brazilian. Why? Because Argentina’s got runaway inflation, and Brazil’s got an unstable government. So I’m going to say no, take profits in Pampa, it’s just too high.”
• Enphase Energy: “I happen to think that home solar equipment is here to stay, and you’re getting a terrific opportunity to buy this stock much lower. So I am in the camp of [buy! buy! buy! buy!].”
• Annaly Capital: “That’s a stock that I think is a trap. It always looks like it has a high yield, but the fact is it’s been a terrible performer for years and years. I want to stay away from it.”

Ticker: GEHC [buy buy buy], NGL [I love it], FCEL [I cannot recommend the stock], PAM [no, take profits], ENPH [buy buy buy], NLY [stock is a trap]

(6) Cramer says China faces challenges now that the U.S. market for A.I. chips is expanding (https://www.cnbc.com/2023/06/14/-cramer-says-china-faces-challenges-now-that-the-us-market-for-ai-chips-is-expanding.html)

• CNBC’s Jim Cramer discussed on Wednesday the challenges China is facing now that the U.S. market for chips used by AI software is expanding, with U.S. exports of those products still banned.
• “Without these chips, China simply can’t build out the kind of artificial intelligence that the Western world’s embracing,” he said.

Ticker: AMD

Other Stocks Discussed (calls with audience): Tesla (TSLA) [buy some when price comes down], PepsiCo (PEP) [I like both PEP and CELH]

Ref: Links to other sites that relate to episode of June 14, 2023

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

Disclaimer

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