Mad Money: Key points from July 31, 2023 (Monday) Episode

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Monday, July 31, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(1) Cramer says don’t get too caught up in top-down analysis (https://www.cnbc.com/2023/07/31/cramer-says-dont-get-too-caught-up-in-top-down-analysis-.html)

• CNBC’s Jim Cramer told investors on Monday not to solely rely on top-down market analysis, instead opining the virtues of micro-analysis of specific companies.
• “After all these years, I’ve come to know one immutable truth: There’s no monopoly on stock market knowledge,” he said.

Ticker: PG, GOOGL, TOL, PHM, LIN, BA,

(2) [No Video Clip for non-Club Members] Executive Interview: Linde PLC CEO Sanjiv Lamba goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2023/07/31/linde-plc-ceo-sanjiv-lamba-goes-one-on-one-with-jim-cramer.html)

Linde PLC CEO Sanjiv Lamba sits down with ‘Mad Money’ host Jim Cramer to talk the company’s end markets, technologies used for clean energy and reinvestments.

Ticker: LIN

(3) [No Video Clip for non-Club Members] Chart Week: OptionsPlay’s Jessica Inskip and Jim Cramer read the charts for signs of another breakout (https://www.cnbc.com/video/2023/07/31/optionsplays-jessica-inskip-and-jim-cramer-read-the-charts-for-signs-of-another-breakout.html)

OptionsPlay’s Jessica Inskip joins ‘Mad Money’ host Jim Cramer to give her read on the technicals in the market.

(4) Executive Interview: CNH Industrial CEO Scott Wine sits down with Jim Cramer (https://www.cnbc.com/video/2023/07/31/cnh-industrial-ceo-scott-wine-sits-down-with-jim-cramer.html)

CNH Industrial CEO Scott Wine sits down with ‘Mad Money’ host Jim Cramer to talk the company’s inventory, tractor production and Ukraine.
MON, JUL 31

Ticker: CNHI

(5) Cramer’s Lightning Round: Pass on Spirit Airlines (https://www.cnbc.com/2023/07/31/cramers-lightning-round-pass-on-spirit-airlines.html)

• Spirit Airlines: “I am concerned about Spirit because that market has become very competitive. They were hoping to do a little bit more consolidation, the government’s not going to let them, so I’m going to say we should take a pass on Spirit, there’s better, other places to go, and I like Delta.”
• Chargepoint: “Ok, they are losing money. I am not going to recommend stocks on the show that are losing money. I will tell you, just as a little background, there’s a big short position, and all the big shorts that I follow, companies that are heavily shorted, are all working. So it wouldn’t shock me if it just shot up meme-wise, but I can’t recommend it on a fundamental basis.”
• IONQ: “Because it’s quantum computing, and people are desperate to find something that does quantum, I kid you not… No, I can’t recommend it, it’s losing money, but I get what’s happening.”
• Barrick Gold: “Barrick Gold has been a disappointment…I have to stand by the fact that Mark Bristow’s very good, but there’s no two ways about it. It’s been disappointing, and I think that there may be other ways to play gold…”
• Marvell: ”….the quarter was good, mostly because they had this tremendous AI business that goes in conjunction with what Nvidia’s doing…I did feel that, perhaps, you’ve got to wait for a pullback before you pull the trigger.”
• Cleveland-Cliffs: “Well, I’ve got to differ… I think they’re doing better than people realize, but they know that Nucor is my favorite. Nucor is the way if you want to be in a steel company, Nucor is the one you want.”
• Coursera: “I don’t know it…I’m not going to opine on something I do not know.”

Ticker: SAVE [take a pass], CHPT [losing money], IONQ [can’t recommend], BHVN, GOLD [disappointing], MRVL [wait for a pullback], CLF [get NUE], COUR [don’t know it], DAVA

(6) Cramer sours on Johnson & Johnson as lawsuits pile up (https://www.cnbc.com/2023/07/31/cramer-sours-on-johnson-johnson-as-lawsuits-pile-up.html)

• As Johnson & Johnson’s lawsuits continue to pile up, CNBC’s Jim Cramer on Monday explained his decision to cut the company from the Investing Club Charitable Trust.
• “I simply can’t have a position that’s precarious because of litigation, not because of the fundamentals,” Cramer said.

Ticker: JNJ [Charitable Trust sold its position in JNJ]

Other Stocks Discussed (Call with Listeners): American Airlines (AAL) [hold on], Nice Systems (NICE) [game on],  Roku (ROKU) [stock is up so much .. it’s going to have to do without me at this point]

Ref: Links to other sites that relate to episode of July 31, 2023

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

Disclaimer

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