Mad Money: Key points from October 3, 2023 (Tuesday)

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, October 3, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(１) Jim Cramer says bonds are ‘in charge’ and aren’t letting the stock market get out of its slump (https://www.cnbc.com/2023/10/03/jim-cramer-bonds-are-in-charge-and-wont-let-the-market-out-a-slump.html)

• CNBC’s Jim Cramer on Tuesday emphasized the importance of the bond market in relation to the stock market, telling investors that stocks are currently at the mercy of bonds.
• Cramer used spice and flavor maker McCormick as an example.
  “Whatever we used to award McCormick for its bland positive qualities has been washed away thanks to the action in the bonds,” Cramer said.

(2) Executive interview: Incoming Macy’s CEO calls Bloomingdale’s brand a ‘growth vehicle’ for the company (https://www.cnbc.com/2023/10/03/incoming-macys-ceo-calls-bloomingdales-brand-a-growth-vehicle-.html)

• In an interview with CNBC’s Jim Cramer, incoming Macy’s CEO Tony Spring and current CEO Jeff Gennette emphasized the strength of its non-namesake brands: high-end department store Bloomingdale’s and luxury beauty retailer Bluemercury.
• “It’s all about curation of product and the delivery of a better experience for the customer. Retail is theater,” Spring said. “So Bloomingdale’s is our growth vehicle.”

Ticker: M

(3) [No Video Clip for non-Club Member] Executive Interview:We’re seeing continued resiliance from small and medium-sized businesses, says Paychex CEO (https://www.cnbc.com/video/2023/10/03/were-seeing-continued-resiliance-from-small-and-medium-sized-businesses-says-paychex-ceo.html)

John Gibson, Paychex President and CEO, joins ‘Mad Money’ host Jim Cramer to talk wage inflation, that state of American businesses, labor supply and more.

Ticker: PAYX

(4) [No Video Clip for non-Club Member] Executive Interview: Oshkosh CEO John Pfeifer goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2023/10/03/oshkosh-ceo-john-pfeifer-goes-one-on-one-with-jim-cramer.html)

Oshkosh CEO John Pfeifer sits down for an exclusive interview with ‘Mad Money’ host Jim Cramer to talk electric vehicles, its USPS contract and entering the air transportation support market.

Ticker: OSK

(5) Cramer’s Lightning Round: ‘Hold off’ on AT&T (https://www.cnbc.com/2023/10/03/cramers-lightning-round-hold-off-on-att.html)

• Columbia Sportswear: “I think Columbia Sportswear is actually inexpensive, but it doesn’t matter. The estimates probably are going to have to come down, so we’re going to have to hold off buying it.”
• AT&T: “No, you’re going to have to hold off on T, because I do think that they have so much capital spending that they have to do and right now I don’t like AT&T or Verizon. They have to refinance, they’ve got a lot of problems, they have too much bonds. Just trust me, they are not necessarily the right stocks unless rates go down.”
• Gen Digital: “It is inexpensive, and I like the CEO very much, but it just does not have the, you know, it yields 3…it doesn’t have the great growth that I need to see right now from the other cybersecurity companies.”
• Zebra: “This is a very, very good company, but things, people are not paying 23 times earnings for this kind of company anymore, they’re just not. So we’re going to have to stay away for now.”
• MasTec: “MasTec is actually exactly what you should be buying, it’s going to do incredibly well with the infrastructure money…I’m saying it’s a buy. You buy small here, and you buy on the way down.”
• Opera: “I don’t know that one…I’m going to have to do a little homework on that one.”
• Groupon: “That thing has been a horse. I can’t believe it, it’s been a horse, it’s like Bookings.com, and people feel it’s giving you a bargain. I don’t know, I would not buy it up here. It’s too high.”
• Canadian Natural Resources: “I happen to be in favor of Canadian Natural Resources…Look, I like oil and gas, they have very inexpensive properties. It’s a good situation. Be careful, it’s up 13% for the year, and they’re taking everything down, but I think you can buy that one, it’s very, very good.”
• Teradata: ”…I think big data is fine, I like Teradata, I just do.”

Ticker: COLM, T, GEN, ZBRA, MTZ, OPRA, GRPN, CNQ, TDC

(6) Cruise line numbers are up but stock forecasts are down, says Jim Cramer (https://www.cnbc.com/video/2023/10/03/cruise-line-numbers-are-up-but-stock-forecasts-are-down-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer digs into travel and vacation stocks.

Other Stocks Discussed (Calls with Audiences): Mongodb (MDB)  [put a little now], Kroger (KR)

Ref: Links to other sites that relate to episode of October 3, 2023

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

Disclaimer

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