Mad Money: Key points from September 12, 2023 (Tuesday) Episode

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, September 12, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(1) Cramer positive on Apple and Oracle, despite Tuesday declines (https://www.cnbc.com/2023/09/12/-cramer-positive-on-apple-and-oracle-despite-tuesday-declines.html)

• CNBC’s Jim Cramer on Tuesday told investors he thinks fear, not any valid reason, is causing tech stocks like Oracle and Apple to fall.
• “I’m seeing some action here that tells me people are selling where there’s no need to sell,” he said. “They’re acting out of a level of fear that might not be warranted given the lack of clear negatives.”

Ticker: ORCL, AAPL

(2) [No Video Clip for non-Club Members]  Executive Interview: Lyft CEO David Rishner: We’re seeing commute up 19% year-over-year (https://www.cnbc.com/video/2023/09/12/lyft-ceo-david-rishner-were-seeing-commute-up-19percent-year-over-year.html)

David Risher, Lyft CEO, joins ‘Mad Money’ host Jim Cramer to talk a climb in ridership, taking over as CEO and its new ‘Women+’ program.

Ticker: LYFT

(3) [No Video Clip for non-Club Members] Executive Interview: PG&E CEO Patti Poppe goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2023/09/12/pge-ceo-patti-poppe-goes-one-on-one-with-jim-cramer.html)

Patti Poppe, PG&E Corporation CEO, joins ‘Mad Money’ host Jim Cramer

Ticker: PCG

(4) Executive Interview: Salesforce CEO says Slack will play a prominent role in AI (https://www.cnbc.com/2023/09/12/salesforce-ceo-says-slack-will-play-a-prominent-role-in-ai.html)

• Salesforce CEO Marc Benioff told CNBC’s Jim Cramer about how its messaging program Slack is involved with AI.
• “The big news is Slack is really starting to wake up with its own AI,” Benioff said. “It holds so much data for our customers. I think Slack is going to be the promise of AI for a lot of our most important customers.”

Ticker: CRM

(5) Cramer’s Lightning Round: Enbridge is a buy (https://www.cnbc.com/2023/09/12/cramers-lightning-round-enbridge-is-a-buy.html)

• Magellan: “I like Oneok very, very much. It’s a great deal.”
• Edwards Lifesciences: ”…This used to be one of the greatest stocks of our time and, it’s now just terrible, and I don’t know what to say.”
• International Flavors & Fragrances: “I used to love this company. I have no idea what’s happening, why it’s just completely falling apart…”
• CVS: “Karen Lynch is going to turn this thing around…I think that this thing between the price of say 60 and 70 is going to bottom. IT’s got all the problems that we know about, every company that has theft issue, that’s what’s really hurting it now…”
• Enbridge: “I think you should buy the stock of Enbridge.”
• Honeywell: “Something happened today, Honeywell spoke at the Laguna conference, Morgan Stanley, they told a good story, but a lot of the people that I got the vibe from say that they’re willing to think more about bringing out value, which maybe means even breaking up the company. Charitable trust owns it, I’m just thrilled the stock went up at all.”

Ticker: MMP, CABA, EW, IFF, CVS, ENB, HON

(6) [No Video Clip for non-Club Members]  Arm Holdings IPO has the potential to do well, says Jim Cramer (https://www.cnbc.com/video/2023/09/12/arm-holdings-ipo-has-the-potential-to-do-well-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer reflects on taking The Street public and looks forward at the next slate of IPOs poised to hit the market.

Ticker: GS, JPM, MS

Other Stocks Discussed (Calls with Audiences): Kellogg (K) [Hold], Hillenbrand (HI) [I have to do more work]

Ref: Links to other sites that relate to episode of September 12, 2023

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

Disclaimer

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