Mad Money: Key points from August 2, 2023 (Wednesday) Episode

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, August 2, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(1) Cramer explains stock moves after debt downgrade, tells investors to raise cash and curb bullishness (https://www.cnbc.com/2023/08/02/jim-cramer-on-fitch-debt-downgrade-raise-cash-and-curb-bullishness.html)

• CNBC’s Jim Cramer on Wednesday explained what the Fitch Ratings debt downgrade might mean for investors and the market as a whole.
• “Will people react in fear to the Fitch downgrade beyond today? I think we won’t really get all that much follow-through,” Cramer said.

Ticker: AMD

“Bottom Line: I’m not concerned by the Flitch downgrade, but too many people are sanguine at the moment.”

(２) [No Video Clip for non-Club Members] Executive Interview: Columbia Sportswear CEO Tim Boyle sits down with Jim Cramer (https://www.cnbc.com/video/2023/08/02/columbia-sportswear-ceo-tim-boyle-sits-down-with-jim-cramer.html)

Columbia Sportswear CEO Tim Boyle sits down with ‘Mad Money’ host Jim Cramer to talk quarterly earnings.

Ticker: COLM

(3) [No Video Clip for non-Club Members] Chart Week: Jim Cramer digs into the S&P’s cycles for Chart Week (https://www.cnbc.com/video/2023/08/02/jim-cramer-digs-into-the-sps-cycles-for-chart-week.html)

Larry Williams, author and technician, joins ‘Mad Money’ host Jim Cramer to take a closer look at the S&P cycles for Chart Week.

Ticker: NVDA, AMD [it should rally], TSLA []

(4) Executive Interview: DoorDash CEO talks earnings: We want to build the biggest business for the long run (https://www.cnbc.com/2023/08/02/doordash-ceo-talks-earnings-with-cramer.html)

• DoorDash CEO Tony Xu discussed his company’s earnings report with CNBC’s Jim Cramer
• The delivery service company saw $2.13 billion in second-quarter revenue, higher than the $2.06 billion consensus estimate, according to FactSet.

Ticker: DASH

(5) Cramer’s Lightning Round: Hold Live Nation Entertainment (https://www.cnbc.com/2023/08/02/cramers-lightning-round-hold-live-nation-entertainment.html)

• Enovix: “I’m not recommending these battery plays unless they’re making money…I am going to have to say [buzzer].”
• RTX: “No…It is in the Bullpen, and I do like it, and Greg Hayes did a good job, but I think this stock has got to meander a little bit.”
• Plug Power: “If it bounces, I want you to to sell, because I’ve got to tell you, that company has disappointed for so long.”
• Live Nation Entertainment: “I think you should hold it… The company is worth a tremendous amount of money, I don’t want you to get rid of it.”
• Vertiv: “I don’t want you to sell it because I think there is more to be made.”

Ticker: ENVX, PLUG, LYV, VRT

(6) [No Video Clip for non-Club Members] Jim Cramer gives his take on CAT after earnings (https://www.cnbc.com/video/2023/08/02/jim-cramer-gives-his-take-on-cat-after-earnings.html)

‘Mad Money’ host Jim Cramer takes a closer look at CAT and industrials after earnings.

Ticker: CAT

Other Stocks Discussed (Call with Listeners): Ulta Beauty (ULTA) [ULTA is a very good buy, but it’s a very tough trade], Ford (F) [hang on or sell some], Transdigm (TDG) [its’ good]

Ref: Links to other sites that relate to episode of August 2, 2023

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

Disclaimer

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