Mad Money: Key points from August 15, 2023 (Tuesday) Episode

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, August 15, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(1) Cramer points out stocks to watch as China’s economy slows down (https://www.cnbc.com/2023/08/15/cramer-points-out-stocks-to-watch-as-chinas-economy-slows-down.html)

• After China’s weak economic data, Jim Cramer told investors which stocks to watch.
• He named companies from the homebuilding, aerospace, infrastructure, tech and health-care sectors.

Fallback Themes — (i) Infrastructure: CAT, NUE, STRL, J, MTZ, CARR; (ii) Aerospace: BA, GE, HON; (iii) Drug Companies: AMGN, LLY; (iv) Housing: LEN, TOLL, HD, DHI; (v) Tech: NVDA, AMZN, GOOGL, META

“Bottom Line: Be prepared for pain, but remember it can be a buying opportunity if you’re prepared for it.”

(2) [No Video Clip for non-Club Members] Executive Interview: Coterra Energy CEO Tom Jorden goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2023/08/15/coterra-energy-ceo-tom-jorden-goes-one-on-one-with-jim-cramer.html)

Coterra Energy Chairman, President and CEO Tom Jorden goes one-on-one with Jim Cramer to talk production guidance, quarterly earnings results and more.

Ticker: CTRA

(3) [No Video Clip for non-Club Members] It’s worth buying Builders FirstSource on weakness as mortgage rates move higher, says Jim Cramer (https://www.cnbc.com/video/2023/08/15/its-worth-buying-builders-firstsource-on-weakness-as-mortgage-rates-move-higher-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer digs into Builders FirstSource stock.

Ticker: BLDR

“Bottom Line: I hate to chase, but I think BLDR is worth buying gradually into weakness.”

(4) Executive Interview: Norfolk Southern CEO on Ohio derailment: ‘We’re making promises, and we’re keeping promises’ (https://www.cnbc.com/2023/08/15/norfolk-southern-ceo-on-ohio-derailment.html)

• Norfolk Southern CEO Alan Shaw told CNBC’s Jim Cramer how the railroad and transportation company is trying to better its safety measures.
• Norfolk Southern fell about 3% on Tuesday.

Ticket: NSC

(5) Cramer’s Lightning Round: Don’t touch ChargePoint (https://www.cnbc.com/2023/08/15/cramers-lightning-round-dont-touch-chargepoint.html)

• Opendoor: “No, I actually think it’s a bit of a short squeeze. They’re not making any money, and, you know what, it’s one of those situations where it can continue to go higher but not for any fundamental reason, so I can’t get behind it.”
• Nextera Energy: “The money’s coming out of NE and going to Constellation. I think it should reverse itself, but it’s not going to do it necessarily soon.”
• CVS: ”…I’m not going to fight the stock here, I think at eight times earnings, 3.3%, I think it’s fine. I don’t think it’s great, though. Why? Because of shrinkage, because of pilferage, because of those darned plastic things that are like in front of every single thing you want to buy…”
• ChargePoint: “No, ChargePoint’s losing too much money, it’s a commodity business, I do not want to touch it.”
• Volaris: “I don’t really care for it, I’ve got to tell you. I do like the Mexican peso, and I do like Mexico, but the stock has had too big a run, and most of the airlines are retreating, and I think that one is going to, too.”

Ticker: OPEN, NEE, CVS, CHPT, VLRS

(6) [No Video Clip for non-Club Members] Big lawsuits are risky for a company like 3M, says Jim Cramer (https://www.cnbc.com/video/2023/08/15/big-lawsuits-are-risky-for-a-company-like-3m-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer takes a look at 3M’s legal troubles.

Ticker: MMM, JNJ, BHC

Other Stocks Discussed (Call with Listeners): Target (TGT) [I like TGT], Papa Johns (PZZA) [YAM is the slow and steady win in the group], United Rentals (URI) [wait for a pull back], Archer Aviation (ACHR) [company is losing too much money]

Ref: Links to other sites that relate to episode of August 15, 2023

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

Disclaimer

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