Mad Money: Key points from October 24, 2023 (Tuesday)

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, October 24, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(1) Jim Cramer tells investors to hold out on buying until after interest rates rise (https://www.cnbc.com/2023/10/24/jim-cramer-says-hold-out-on-buying-until-next-interest-rate-hike-.html)

• CNBC’s Jim Cramer said Tuesday investors may be wise to hold off on buying until after the next interest rate hike.
• “For now, your best bet is to wait for the next move up in interest rates, which will trigger the next sell-off in stocks — that’s when you buy,” Cramer said
  
  

This morning’s big report: KO [+3%], MMM [+5%], RTX [+7%], GE [+6%], VZ [+9%]

(2) [No Video Clip for non-Club Member] Executive Interview: Barrick Gold CEO Mark Bristow goes one-on-one Jim Cramer (https://www.cnbc.com/video/2023/10/24/barrick-gold-ceo-mark-bristow-goes-one-on-one-jim-cramer.html)

Barrick Gold President and CEO Mark Bristow joins ‘Mad Money’ host Jim Cramer to talk the price of gold, gold mining, market performance and more.

Ticker: GOLD

(3) [No Video Clip for non-Club Member] Off-the-Chart: Jim Cramer gets technical with the markets (https://www.cnbc.com/video/2023/10/24/jim-cramer-gets-technical-with-the-markets.html)

‘Mad Money’ host Jim Cramer hits the charts to get technical with equity markets.

(4) [No Video Clip for non-Club Member] Executive Interview: Fmr. Panera Bread CEO Ron Shaich sits down with Jim Cramer (https://www.cnbc.com/video/2023/10/24/fmr-panera-bread-ceo-ron-shaich-sits-down-with-jim-cramer.html)

Fmr. Panera Bread CEO Ron Shaich joins ‘Mad Money’ host Jim Cramer to talk his new book ‘Know What Matters’.

Ticker: CAVA

(5) Cramer’s Lightning Round: AT&T is ‘not my favorite’ (https://www.cnbc.com/2023/10/24/cramers-lightning-round-att-is-not-my-favorite.html)

• Moderna: “I have been a believer in Moderna, but they’ve got to start coming up with those personalized cancer vaccines, because people just think it was a one-trick pony.”
• Planet Fitness: “I was a huge believer in the previous CEO. I never heard what happened. They have an interim CEO. Until they tell me what really happened and put a new CEO in, I’m a Lifetime guy.”
• MGM Resorts: “We own Wynn for the charitable trust…I think that’s the one to own.”
• AT&T: “Well, it’s not my favorite…I remain a stalwart for T-Mobile, and I continue to believe that T-Mobile represents the bet buy in that group.”
• Leonardo DRS: “The answer is yes.”
• Marathon Digital: “I’d rather just own Bitcoin.”

Ticker: MRNR, PLNT, MGM [charitable trust owns WYNN], DRS, MARA

(6) Cramer says to invest in defense companies as the U.S. looks to rebuild weapons stockpile (https://www.cnbc.com/2023/10/24/cramer-invest-in-defense-stocks-as-us-looks-to-rebuild-stockpile.html)

• CNBC’s Jim Cramer on Tuesday recommended investing in defense companies as the U.S. empties its arsenals to aid allies.
• “In reality, the rest of the world’s only gotten more chaotic, and our government can’t do anything about it if we run out of munitions,” Cramer said

Ticker: LMT, RTX, BA, NOC, GD, LHX

Other Stocks Discussed (Calls with Audiences): Devon Energy (DVN) [hard time to own, go for CTRA], Apple (AAPL) [own AAPL don’t trade it], UPS [I like UPS, love FDX, I rather want you to buy FDX], Uber (UBER)

Ref: Links to other sites that relate to episode of October 24, 2023

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

Disclaimer

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