Mad Money: Key points from August 22, 2023 (Tuesday) Episode

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on  Tuesday, August 22, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(１) Cramer says these stocks do well in an economic slowdown (https://www.cnbc.com/2023/08/22/cramer-says-these-stocks-do-well-in-an-economic-slowdown.html)

• CNBC’s Jim Cramer said he’s not sure if the economy is headed for a slowdown, but on Tuesday he looked at stocks that could do well in that landscape.
• “I don’t know if we’re headed for a slowdown, but I do know it makes sense to dip your toe into the consumer packaged-goods stocks, true recession stocks, if only so that you’ll have all your bases covered, and because they’ve gotten cheap,” Cramer said.

Ticker: M, PEP, MDLZ, PG, HSY, CLX, STZ, K

(2) [No Video Clip for non-Club members] Jim Cramer highlights his favorites out of this month’s biggest losers (https://www.cnbc.com/video/2023/08/22/jim-cramer-highlights-his-favorites-out-of-this-months-biggest-losers.html)

‘Mad Money’ host Jim Cramer talks his favorite stocks out of the S&P 500′s biggest losers this month.

Hot Temps, Cooling stock August Pullbacks: HST [-14%], ROK [-13%], RL [-14%], EXPE [-11％], ISRG [-11％]

“Bottom Line: I think HST, ROK, RL, EXPE, ISRG are worth buying into their weakness.”

(３) [No Video Clip for non-Club members] Off-the-Chart: Jim Cramer hits the charts to see what is ahead for the 10-Year Treasury (https://www.cnbc.com/video/2023/08/22/jim-cramer-hits-the-charts-to-see-what-is-ahead-for-the-10-year-treasury.html)

‘Mad Money’ host Jim Cramer takes a look at charting for the 10-Year Treasury to see what is ahead for bond rates.

“Bottom Line: The charts suggest Treasuries are underpriced & the spread with stock will narrow .. That said, the chartist is pretty confident about S&P 500.”

(4) Executive Interview: Lowe’s CEO talks about expanding offerings at rural locations: ‘This is a passion project for me’ (https://www.cnbc.com/2023/08/22/lowes-ceo-talks-expanding-rural-locations-offerings.html)

• Lowe’s CEO Marvin Ellison discussed his company’s expansion in rural areas with CNBC’s Jim Cramer on Tuesday.
• “I grew up in a town of less than 10,000 people with two stoplights, and I lived 12 miles in the country from the 10,000 people, so I understand the rural experience really well, and this is passion project for me,” Ellison said. “Our goal is to give these customers a one-stop shopping experience.”

Ticker: LOW

(5) Cramer’s Lightning Round: Marathon Oil is a buy (https://www.cnbc.com/2023/08/22/cramers-lightning-round-marathon-oil-is-a-buy.html)

• Marathon Oil: “I think it’s a very inexpensive stock, I think you should buy it here.”
• Enphase: “Enphase just keeps going down…I think at this price it does seem very cheap. I don’t know…It is just an unmitigated disaster, that’s because it needs financing.”
• Coherent: “They have a lot of different semiconductor-like components, but they’re not making money, and we’re just not going to recommend a stock that’s not making money.”
• Icahn Enterprises: “What a mess. I have no idea what it is, I have no idea how it makes its money. I just think it’s totally opaque. I say stay away.”
• Barrick Gold: “Look, I think gold is an insurance company, it’s like asking me, ‘is it a good time to buy car insurance.’ I always want to own some gold.”

Ticker: MRO, ENPH, COHR, IEP, GOLD

(6) Cramer says tech has a ‘well-deserved premium’ because of stocks like Nvidia (https://www.cnbc.com/2023/08/22/cramer-cites-nvidia-for-well-deserved-premium-of-tech-stocks.html)

• CNBC’s Jim Cramer on Tuesday reiterated his faith in tech stocks like Nvidia.
• A cover story he read in Money Magazine 40 years ago about the value of tech stocks helped change his mind, Cramer said.

Other Stocks Discussed (Call with Listeners): Southwest (LUV) [hold, but not buy any more], Netflix (NFLX) [good company], Wendy’s (WEN) [WEN is too cheap, the yield is good, I think the stock could be up 10% in a flash]

Ref: Links to other sites that relate to episode of August 22, 2023

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

Disclaimer

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