Mad Money: Key points from July 11, 2023 (Tuesday) Episode

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, July 11, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(1) Cramer says to avoid shorting stocks that are already heavily shorted (https://www.cnbc.com/2023/07/11/cramer-says-to-avoid-shorting-stocks-that-are-already-heavily-shorted.html)

• Cramer highlighted used car seller Carvana as an example of a company with a “balance sheet from hell” that is a perfect breeding ground for shorting.
• To Cramer, short-selling in general is “one-sided and unfair.”

Cramer’s controlled stocks (% of shares being shorted) — Upstart (35.5%), Affirm (19.9%), Novavax (35.9%), IOT (17.2%), Marathon (25.4%), Coinbase (25.4%), Carvana (50.1%)

“Bottom Line: I don’t make wagers on stocks, I make informed decisions on the cos themselves”

(2) [No Video Clip for non-Club Member] Jim Cramer talks companies poised to benefit from the CHIPS Act (https://www.cnbc.com/video/2023/07/11/jim-cramer-talks-companies-poised-to-benefit-from-the-chips-act.html)

‘Mad Money’ host Jim Cramer talks the CHIPS Act and what companies could benefit from the legislation.

Top Chips beneficiaries –– Chipmakers (INTC, Micron, tsmc, GlobalFoundries, Qualcomm), Semi Capital Equipment Companies (Applied Materials, Lam Research, KLA, ASML), Software Companies (Synopsys, cadence)

“Bottom Line: The CHIPS Act is a positive for the companies that can take advantages of the incentives”

(3) [No Video Clip for non-Club Member]  Off-the-Chart：Jim Cramer talks why U-Haul could be an underrated stock mover (https://www.cnbc.com/video/2023/07/11/jim-cramer-talks-why-u-haul-could-be-an-underrated-stock-mover.html)

‘Mad Money’ host Jim Cramer hits the charts to see why U-Haul could see some moves in the near term.

Ticker: UHAL

“Bottom Line: The charts suggests UHAL should be able to run though Nov. or Dec.”

(4) [No Video Clip for non-Club Member] Jim Cramer takes a look at recent IPO Savers Value Village (https://www.cnbc.com/video/2023/07/11/jim-cramer-takes-a-look-at-recent-ipo-savers-value-village.html)

‘Mad Money’ host Jim Cramer takes a look at recent IPOs including Savers Value Village.

Ticker: SVV

“Bottom Line: Not everything that will come public this point in the cycle will be worth owning… and I think SVV definitely falls in that category.”

(5) Cramer’s Lightning Round: QuantumScape is a ‘hard pass’ (https://www.cnbc.com/2023/07/11/cramers-lightning-round-quantumscape-is-a-hard-pass.html)

• Cleveland-Cliffs: “Good, but not great. Nucor is the one.”
• Jackson Financial: ”…It yields 7.8%. Frankly, that’s too high. It’s what I call a red flag, so I can’t touch it.”
• QuantumScape: “Oh, no. Hard pass, there’s nothing there.”

Ticker: CLF, JXN [red flag], QS [sell sell sell]

(6)  Cramer says to stick with his ‘Magnificent Seven’ tech stocks: ‘It’s just so darned easy’ (https://www.cnbc.com/2023/07/11/cramer-says-to-stick-with-his-magnificent-seven-tech-stocks.html)

•  CNBC’s Jim Cramer advised investors Tuesday to stay with his “Magnificent Seven” tech stocks that are currently leading the market.
• These stocks are Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla.

Other Stock Discussed (calls with listeners): Estee Lauder (EL) [will talk at the call], UnitedHealth (UNH) [take a eight-month view, it could make a comeback], Blue Bird Corporation (BLBD) [I am not a fan because they do not have enough money for their core business], (NSC) Norfolk Southern [buy]

Ref: Links to other sites that relate to episode of July 11, 2023

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

Disclaimer

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