Mad Money: Key points from September 20, 2023 (Wednesday) Episode

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, September 20, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(1) Cramer says the Fed won’t stop rate hikes until inflation is under control (https://www.cnbc.com/2023/09/20/cramer-doesnt-think-feds-done-tightening-until-inflation-goes-down.html)

• CNBC’s Jim Cramer on Wednesday addressed the state of inflation in the U.S. and said the Fed will not stop rate hikes until the cost of living comes down.
• “For two years now, we’ve heard that the Fed’s rapid rate hikes would soon cause a recession, which would then crush inflation and ultimately lead to rate cuts,” Cramer said. “But that never happened.”

“Bottom Line: Powell’s done a good job taming inflation – he deserves the benefit of the doubt.”

(2) [No Video Clip for non-Club Member] Executive Interview: Trex CEO Bryan Fairbanks goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2023/09/20/trex-ceo-bryan-fairbanks-goes-one-on-one-with-jim-cramer.html)

Trex President and CEO Bryan Fairbanks joins ‘Mad Money’ host Jim Cramer to talk manufacturing, home improvment tailwinds and more.

Ticker: TREX

(3) [No Video Clip for non-Club Member] I like DuPont because its story is simple, says Jim Cramer (https://www.cnbc.com/video/2023/09/20/i-like-dupont-because-its-story-is-simple-says-jim-cramer.html)

The buyback monsters: DD (share count reduction 7.6%) [buy buy buy], VRSK (7.3%), BKNG, EXPE

“Bottom Line: I think Dupont, Verisk and EXPE are 3 buyback monsters you can believe in.”

(4) Wingstop CEO says majority of company’s growth comes from existing franchisees reinvesting (https://www.cnbc.com/2023/09/20/wingstop-ceo-says-growth-comes-from-existing-franchises-reinvesting.html)

• Wingstop CEO Michael Skipworth told CNBC’s Jim Cramer how the chicken wings-focused restaurant chain is growing its brand.
• “If we look back over the restaurants we’ve opened over the last year, over 90% of those came from our existing franchisees reinvesting, which I think just speaks to the strength of the model,” Skipworth said.

Ticker: WING

(5) Cramer’s Lightning Round: Carrier Global is ‘terrific’ (https://www.cnbc.com/2023/09/20/cramers-lightning-round-carrier-global-is-terrific.html)

• Carrier Global: “This is just an unbelievable infrastructure play, I think it’s terrific…We don’t have a good market right now, but I think that Dave Gitlin’s doing an amazing job.”
• Becton, Dickinson and Company: They’ve got good dividends, they’re a global company, and they’ve got large, institutional investors. And they got great earnings, and I think it’s terrific. The only thing they don’t have right now is that good a chart, but I’m saying [buy, buy, buy] high quality!”
• Enterprise Products Partners: “This has been my favorite, unbelievable…It has a 7% yield, it’s an incredible pipeline company, I think it’s terrific.”
• Dutch Bros: ”… They are over expanding, they ought to cool it and just slow down. But don’t own the stock.”
• Arista Networks: “That was an unbelievable quarter, and the answer is, Nittany Lion, absolutely. It’s like a new Penn State quarterback.”

Ticker: CARR, BDX [buy buy buy], EPD, BROS, ANET

(6) [No Video Clip for non-Club Member] Ford can’t afford to have expensive labor if it’s going to compete with Tesla, says Jim Cramer (https://www.cnbc.com/video/2023/09/20/ford-cant-afford-to-have-expensive-labor-if-its-going-to-compete-with-tesla-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer talks the ongoing UAW strike.

Ticker: ORCL, F

Other Stocks Discussed (Calls with Audiences): GE HealthCare Technologies (GEHC), fubo TC (FUBO) [No], Eli Lilly (LLY) [charitable trust sold some], Arista Networks (ANET)

Ref: Links to other sites that relate to episode of September 20, 2023

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

Disclaimer

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