Mad Money: Key points from July 18, 2023 (Tuesday) Episode

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, July 18, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(1) Jim Cramer doesn’t see a recession on the horizon, says recent conjecture “just doesn’t hold up under close scrutiny” (https://www.cnbc.com/2023/07/18/jim-cramer-doesnt-see-a-recession-on-the-horizon.html)

• CNBC’s Jim Cramer said on Tuesday he doesn’t think recent recession discourse holds much weight.
• “Earnings season has shown the recession thesis just doesn’t hold up under close scrutiny, even if so many so-called experts tell us otherwise,” he said.

The recession that isn’t? (1) Housing; (2) Transports (FDX< UPS); (3) Consumer (PepsiCo); (4) Banks (JPM, WFC, Schwab, MS)

“Bottom Line: The recession thesis just isn’t’ able to hold up under close scrutiny.”

(2)[No Video Clip for non-Club Member] Cloud software companies are much better than they used to be, says Jim Cramer (https://www.cnbc.com/video/2023/07/18/cloud-software-companies-are-much-better-than-they-used-to-be-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer talks more cloud comeback stocks.

Second-Tier Cloud Comebacks – Percent off of low: Confluent (CFLT) [128%; I am a believer; stock has more upside], Asana (ASAN) [109%; I would hold off], appfolio (APPF) [109%; I’d hold off on buying until the co turns more positive], GitLab (GTLB) [106%; seen improvement in GTLB’s financials ]

(3) [No Video Clip for non-Club Member] Off-the-Chart: Jim Cramer hits the charts and zeros in on vulnerabilities ahead for the markets (https://www.cnbc.com/video/2023/07/18/jim-cramer-hits-the-charts-and-zeros-in-on-vulnerabilities-ahead-for-the-markets.html)

‘Mad Money’ host Jim Cramer hits the charts with a chart that looks at vulnerabilites facing the markets

(4) [No Video Clip for non-Club Member] Executive Interview; Splunk CEO Gary Steele goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2023/07/18/splunk-ceo-gary-steele-goes-one-on-one-with-jim-cramer.html)

Splunk President and CEO Gary Steele joins ‘Fast Money’ to talk the companies partnership with Carnival, the benefits of A.I. and more.

Ticker: SPLK

(5) Cramer’s Lightning Round: Don’t touch AST SpaceMobile (https://www.cnbc.com/2023/07/18/cramers-lightning-round-dont-touch-ast-spacemobile.html)

• AST SpaceMobile: “Jimmy Chill is not going to fall prey to that idea that a bad stock is going to be better long term, I don’t want you to touch that. I like better companies, including one that reports soon, and that’s Tesla.”
• Alexandria Real Estate: “Alexandria Real Estate is one of the better real estate investment trusts, but I would rather see you in Federal Realty, FRT, which I think does a very better job, and I think Don Wood is the man.”
• Centene: “Ok, ever since the late Michael Neidorff passed away, I have not been as involved or liked Centene. I think he was the driving force behind Centene, he’s now gone, he was a great man. We own Humana for our charitable trust, and that’s the one that I’m sticking with, even though it’s not been that great because of high medical loss ratio that everyone’s so worried about.”
• StoneCo: “I think it’s ok…Any one of my enterprise software segments is better than yours. I’m sorry, but I got to be blunt about it.”
• Incyte: “Look, you brought it, I think it’s a good company, it has been on a real downturn, but I do think that that’s the kind of speculative company that is working right now, and it doesn’t lose money, so I’m ok with it.”

Ticker: ASTS, ARE, CNC,  STNE, INCY

(6) Cramer disagrees with recent analyst downgrade of PepsiCo, says the company likely hasn’t hit the top (https://www.cnbc.com/2023/07/18/cramer-disagrees-with-pepsicos-recent-analyst-downgrade-.html)

• CNBC’s Jim Cramer on Tuesday gave his take on Morgan Stanley’s decision to downgrade food and beverage giant PepsiCo after its earnings report, saying the last quarter’s isn’t “as good as it gets.”
• Cramer feels the company’s leadership is so strong that it won’t be affected by the business cycle or the cost of labor.

Ticker: PEP

Other Stocks Discussed (Call with Listeners): Carvana (CVNA) [we don’t know what happened], Micron (MU) [bottom well advance when the business is still good, we are not bottom yet but anticipating, you are ok, but be prepared to buy more at 60], Exxon Mobile (XOM) [you should buy], Airbnb (ABNB) [not done going up]

Ref: Links to other sites that relate to episode of July 18, 2023

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

Disclaimer

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