Mad Money: Key points from October 5, 2023 (Thursday)

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Thursday, October 5, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(1) Jim Cramer singles out weakened sectors, says the bearishness is ‘irrepressible’ (https://www.cnbc.com/2023/10/05/cramer-singles-out-weakened-sectors-calls-bearishness-irrepressible-.html)

• CNBC’s Jim Cramer on Thursday highlighted weakness in sectors he previously considered bullish, like travel and leisure, housing and banks.
• “The bear is roaming free right now except in tech. It’s irrepressible,” Cramer said.

The lost bull markets: Travel & Leisure, Housing, Food Stocks, Retail, Telecos, Banks

(2) [No Video Clip for non-Club Member] Executive Interview: Conagra CEO Sean Connolly goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2023/10/05/conagra-ceo-sean-connolly-goes-one-on-one-with-jim-cramer.html)

Sean Connolly, Conagra CEO, joins ‘Mad Money’ host Jim Cramer to talk Q1 earnings, shifting consumer behavior and more.

Ticker: CAG

(3) Executive Interview: Levi’s CEO says historically hot summer contributed to soft denim sales (https://www.cnbc.com/2023/10/05/levis-ceo-says-historically-hot-summer-contributed-to-soft-denim-sales.html)

• Levi Strauss CEO Chip Bergh told CNBC’s Jim Cramer on Thursday that a historically hot summer contributed to his company’s weak denim wholesale figures.
• According to Bergh, Levi’s wholesale customers had a narrow assortment of the brand’s products, so they weren’t able to properly adapt to the weather changes.

Ticker: LEVI

(4) Executive Interview: Constellation Brands CEO touts beer performance post earnings (https://www.cnbc.com/2023/10/05/constellation-brands-touts-beer-performance-post-earnings.html)

• Constellation Brands CEO Bill Newlands highlighted the past quarter’s success in beer brands like Modelo, Pacifico and Corona in an interview with CNBC’s Jim Cramer.
• Newlands also explained the company is shifting from mainstream to higher-end brands.

Ticker: STZ

(5) Cramer’s Lightning Round: Vertex is ‘excellent’ (https://www.cnbc.com/2023/10/05/cramers-lightning-round-vertex-is-excellent.html)

• Topgolf: “The company is making money, and I think it’s a great experiential situation, but I have been wrong.”
• Sabre: “I think BKNG is the stock that you want to be in, not SABR.”
• BlackBerry: “It’s almost like they’re arranging the deck chairs on the Titanic…I’m not going there, I’m not a believer, I haven’t been a believer for, uh, ten points, I’m not changing.”
• Under Armour: “We got to see something, we got to see a good quarter. We have to see something that tells me that Stephanie Linnartz is doing a good job…I don’t have enough data to make me say buy it.”
• Shopify: “Don’t buy more, because I think you’ve got a good position, I think we have to wait for it to come down to buy more…It’s one of the few winners in this market where we had a lot of losers, but don’t buy any more right now.”
• Vertex: “Vertex is excellent…That is an amazing company.”
• Kyndryl: “Kyndryl is doing quite well, that last quarter was good, I think we’re going to get rid of the overhang, start seeing some great numbers…Martin Schroeter is doing a great job, so I think you’ve got a winner.”

Ticker: MODG, SABR, BB, UAA, SHOP, VRTX, KD

(6) [No Video Clip for non-Club Member] Jim Cramer takes a closer look at the impact of weight loss drugs (https://www.cnbc.com/video/2023/10/05/jim-cramer-takes-a-closer-look-at-the-impact-of-weight-loss-drugs.html)

‘Mad Money’ host Jim Cramer takes a closer look at weight loss drugs and the impact they are having on the markets.

Other Stocks Discussed (Calls with Audiences): Clorox (CLX) [it only yield 3.8, you can go to 4.5 yield, that’s when you can start buying]

Ref: Links to other sites that relate to episode of October 5, 2023

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

Disclaimer

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