Mad Money: Key points from August 21, 2023 (Monday) Episode

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on  Monday, August 21, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(1) Cramer tells investors to stick with their convictions during a tough market (https://www.cnbc.com/2023/08/21/cramer-tells-investors-to-stick-with-convictions-during-tough-market.html)

• CNBC’s Jim Cramer on Monday encouraged investors to stick with their convictions amid market turbulence.
  “This market’s best buys come not immediately after the quarter, but when the wrongheaded sellers or buyers come in,” Cramer said.
• He highlighted Palo Alto Networks, which saw its stock plummet after the cybersecurity company announced it would report earnings after the bell Friday,

Ticker: WMT, AAPL, GEHC [bought for charitable trust today], MSFT [bought for charitable trust], META, PANW, NVDA

(2) [No Video Clip for non-Club members] The sell off in ON Semi is absurd, says Jim Cramer (https://www.cnbc.com/video/2023/08/21/the-sell-off-in-on-semi-is-absurd-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer looks at what he calls the summer stock slump and breaks down the market downturn.

August Pullbacks: ETSY [-28%], JCI [-15%], ON [-14%]、WYNN [-14%; charitable Trust], VTR [-14%]

(3) [No Video Clip for non-Club members] Jim Cramer takes a closer look at Starboard Value’s stake in Bloomin’ Brands (https://www.cnbc.com/video/2023/08/21/jim-cramer-takes-a-closer-look-at-starboard-values-stake-in-bloomin-brands.html)

‘Mad Money’ host Jim Cramer takes a closer look at Starboard Value’s stake in Bloomin’ Brands.

Ticker: BLMN、DRI, PZZA

(4) Executive Interview: Palo Alto Networks CEO warns companies need modern, integrated cybersecurity: ‘The bad actors are moving faster’ (https://www.cnbc.com/2023/08/21/palo-alto-networks-ceo-stresses-modern-integrated-cybersecurity.html)

• Palo Alto Networks CEO Nikesh Arora told CNBC’s Jim Cramer that companies need updated cybersecurity systems to protect against hackers who are getting faster and more skilled.
• “It’s important for us to make sure we’re ready to deflect the stuff in hours, not in days,” Arora said.

Ticker: PANW

(5) Cramer’s Lightning Round: Alphabet is a buy (https://www.cnbc.com/2023/08/21/cramers-lightning-round-alphabet-is-a-buy.html)

• Applied Materials: “It reported a monster quarter, but it’s not done going higher…I think that Gary’s doing a super job. We want to stay long on that one.”
• Telus International: “I think they’re a loser, honestly. I mean, honestly. They’re just doing a terrible job. We do not need that, there’s like 40 other guys in that same space that are better.”
• Tutor Perini: “I think those guys are just where you should be right now. I think they’re going to come out of this thing. They’ve been in a funk, it’s a small cap stock, and they’re going to get good contracts, and I think they’re going to do very well with all of the federal money.”
• Alphabet: “Yes, you can still buy that. A monster good quarter, and the stock hasn’t really run. I’m going to say I’m going to bless buying that stock.”
• Rocket Lab: “No, no, no, no, no. We like companies that make money.”
• Nio: “No, no, we’re not buying any Chinese stocks. I know that they’re getting subsidized by the government…there’s like three of them that are doing well, but I’m not buying it.”
• Rivian: “I think Rivian comes on this show and we do a big sit down. Because right now, 20 bucks, it’s neither here nor there, but if I sat down with the company, I’d get a better vibe. I need more vibes.”
• Medical Properties: “I’m nervous about that one…This is one of those where the yield is actually too high, and it makes me uncomfortable.”
• Huntington Bancshares: The stock, HBAN, is a good stock, and I share your enthusiasm.”

Ticker: AMAT [buy buy buy], TIXT [loser], TPC [you should be right now], GOOGL [buy now], RKLB [no, we like a company that make money], NIO [no Chinese stock], RIVN, MPW [I am nervous about that, yield too high], HBAN [good stock]

(6) [No Video Clip for non-Club members] Xi’s recent leadership has been disastrous, says Jim Cramer on the Chinese economy (https://www.cnbc.com/video/2023/08/21/xis-recent-leadership-has-been-disastrous-says-jim-cramer-on-the-chinese-economy.html)

‘Mad Money’ host Jim Cramer checks in on China.

Other Stocks Discussed (Call with Listeners): Adobe (ADBE) [I like ADBE, do not take a profit], Kinder Morgan (KMI) [let it run], Chipotle (CMG) [It’s best restaurant chain]

Ref: Links to other sites that relate to episode of August 21, 2023

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

Disclaimer

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