Mad Money: Key points from August 14, 2023 (Monday) Episode

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Monday, August 14, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(1) To own great stock, you must prepare for the lows: Cramer (https://www.cnbc.com/2023/08/14/to-own-great-stock-you-must-prepare-for-the-lows-cramer-.html)

• CNBC’s Jim Cramer said his goal is to teach investors how to own great stocks, not trade them, adding that investors should expect lows, even with fundamentally good stocks.
• “Trading is way too hard unless maybe you’re managing money as a full-time job, and even then, it’s not easy,” Cramer said. “But if you want to own a terrific stock that can go up 200% in a year, which is what Nvidia’s done this year, you must recognize that it can also go down hard during the journey.”

“Cramer’s rules for mad money viewers

• Cramer doesn’t play by the same rules as a hedge fund
• Own it, don’t trade it” applies as long as fundamentals stay long
• Some stocks are like living breathing organisms”

(2) [No Video Clip for non-Club Members] Yeti and Newell both might be buys, says Jim Cramer (https://www.cnbc.com/video/2023/08/14/yeti-and-newell-both-might-be-buys-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer compares Yeti and Newell, two companies in the cooler and drinkware space.

Ticker: YETI , NWL

“Bottom Line: After a tough few years, YETI held up better than NWL, but I think they can both work their way higher… YETI as a accelerating growth story, and NEW as a turnaround play.”

(3) [No Video Clip for non-Club Members] Off-the-Chart: Jim Cramer gets technical with Disney charts (https://www.cnbc.com/video/2023/08/14/jim-cramer-gets-technical-with-disney-charts.html)

‘Mad Money’ host Jim Cramer hits the charts with Disney stocks to see what may be next.

Ticker: DIS, GOOGL

(4) [No Video Clip for non-Club Members] Homework Review: You should wait for a pullback before buying Sterling up here, says Jim Cramer (https://www.cnbc.com/video/2023/08/14/you-should-wait-for-a-pullback-before-buying-sterling-up-here-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer talk Sterling Infrastructure and why you should wait to buy.

Ticker: STRL

“Bottom Line: If you are looking at Sterling for the long-term. I think you can buy a small position here” and wait for a pull back to buy more.

(5) Cramer’s Lightning Round: Stay away from Plug Power (https://www.cnbc.com/2023/08/14/cramers-lightning-round-stay-away-from-plug-power.html)

• Plug Power: “I think the only way you’d be able to plug in is if you think someone’s going to engineer a short squeeze here, and I’ve got to tell you, that is not a good reason to own a stock. Those numbers were terrible, I say stay away.”
• International Flavors & Fragrances: ”…You got a real value trap on your hands.”
• PayPal: “I don’t want to own the stock, I prefer the stocks of MasterCard and Visa over Square and PayPal.”
• ModivCare: ”…I have so many new companies that I don’t know well enough, it does drive me crazy, including Modivcare, so all I can promise is homework.”
• 3M: “They’ve got some real issues here when it comes to problems with the combat arms trial. When that’s finished, maybe we can re-look at it and see if they’re doing the right thing.”
• On Holding: “On Holding reports tomorrow, and I think it could be good, but the stock went down last time on a good number, but I do like the stock very much.”

Ticker: PLUG, IFF, PYPL, MODV, MMM, ONON

(6) With A.I. stocks trending down, Jim Cramer says many may not be worth the hype (https://www.cnbc.com/2023/08/14/with-ai-stocks-down-jim-cramer-says-many-not-be-worth-the-hype.html)

• CNBC’s Jim Cramer on Monday warned that many companies touting generative AI capabilities might not be worth the hype.
• “But the bad news? Other than Nvidia and its acolytes, no company seems to have really harnessed AI for profit,” Cramer said.

Other Stocks Discussed (Call with Listeners): Johnson & Johnson (JNJ) [sold for Charitable Trust], Tapestry (TPR) [I’m not a fan], Apple (AAPL) [hold]

Ref: Links to other sites that relate to episode of August 14, 2023

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

Disclaimer

****************************