Mad Money: Key points from July 10, 2023 (Monday) Episode

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Monday, July 10, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(1) Jim Cramer says investors should focus less on how China affects American stocks (https://www.cnbc.com/2023/07/10/cramer-says-focus-less-on-how-china-affects-american-stocks.html)

• Cramer highlighted construction equipment manufacturer Caterpillar, which he said is a “terrific story,” but not a “China story.”
• Cramer acknowledged China does have an effect on some companies, such as Ralph Lauren, which is seeing significant growth in its Chinese market.
• “Go ahead, knock yourself out imagining how China exposure can boost the growth of American companies,” Cramer said. “But I think you’d be better off finding a Chinese company that can accelerate its growth by being in America, because we’re in much better shape than they are right now.”

The China Trade:

“Bottom Line: I think you are better off finding a Chinese company that can accelerate its growth by being in America.”

(2) [No Video Clip for non-Club Member]  Jim Cramer talks stocks that will benefit from federal spending (https://www.cnbc.com/video/2023/07/10/jim-cramer-talks-stocks-that-will-benefit-from-federal-spending.html)

‘Mad Money’ host Jim Cramer takes a look at legislation passed under the Biden administration and what stocks will be impacted by the influx in federal spending.

The infrastructure Investment & Job Act Nov 2021: Who benefits? — Materials (MLM), Construction (CATT, DE), Water (XYL, PNR), General Contractors (ACM, J)

“Bottom Line: The Government authorizing large amounts of spending has made it harder to beat inflation…  But on the flipside, individual companies in specific industries have the potential to benefit.”

(3) [No Video Clip for non-Club Member]  Tesla is still the undisputed king of EVs, says Jim Cramer (https://www.cnbc.com/video/2023/07/10/tesla-is-still-the-undisputed-king-of-evs-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer talks the EV space, who is top dog, and who still has work to do.

(4) Interview: Former CFTC chairman says crypto regulations can’t wait until litigations concludes: ‘We need standards today’ (https://www.cnbc.com/2023/07/10/former-cftc-chairman-says-crypto-needs-regulations-now.html)

• Former chairman of the Commodity Futures Trading Commission Timothy Massad proposed a new way to regulate crypto and protect investors without waiting years for lawsuits to conclude.
• “We strongly support enforcement of the laws, but what we’re saying is, we need more than that,” Massad said.

(5) Cramer’s Lightning Round: Palantir is a buy (https://www.cnbc.com/2023/07/10/cramers-lightning-round-palantir-is-a-buy.html)

• Rambus: “High speed chip interface is finally making a comeback… I cannot believe this stock — well, it does make money, the company makes money— So I am going to endorse it, but I cannot believe how long it’s taken to get to where it’s going.”
• Palantir: “That was a great quarter, Palantir. I remain a buyer, I even told the CFO that recently. He was a little skeptical of my own intentions, but I like Palantir.”
• Coherus Biosciences: “I’ve got to tell you, it’s a very hard drug to make… Look, it’s a good spec, let’s just leave it at that.”
• Commercial Metals: “I’ve liked that company for 30 years. I like the metal recycling business, and I think it’s terrific, second only to Nucor, as far as I’m concerned in that group.”

Ticker: IEP [will go another 10% higher], RMBS, PLTR [buy buy buy], CHRS, CMC

(6) [No Video Clip for non-Club Member] The worst of the IPO drought may be over, says Jim Cramer (https://www.cnbc.com/video/2023/07/10/the-worst-of-the-ipo-drought-may-be-over-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer talks the IPO drought and if an end may be in sight.

Ticker : CAVA

Other Stocks Discussed (Call with Listeners): Devon Energy (DVN) [Oil down big, Emerson is the one to be; Charitable trust owns Emerson], Walmart (WMT) [buy buy buy, you have a winner, Charitable trust owns COST], Carvana (CVNA) [they are doing very well, do not short], Lucid (LCID) [terrible stock, I prefer Rivian],

Ref: Links to other sites that relate to episode of July 10, 2023

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

Disclaimer

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