Mad Money: Key points from November 2, 2023 (Thursday)

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Thursday, November 2, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(１) Jim Cramer praises ‘Magnificent Seven’ stocks, says last week’s mega-cap tech sellers missed out (https://www.cnbc.com/2023/11/02/jim-cramer-says-recent-sellers-of-mega-cap-tech-stocks-missed-out.html)

• CNBC’s Jim Cramer on Thursday reaffirmed his faith in the “Magnificent Seven” tech stocks, saying investors who sold these companies after recent dips may now be regretful.
• “Days like today remind you that you can’t panic and flee from the entire asset class just because everybody else is doing it,” he said.

(２) Executive Interview: Starbucks CEO targets growth in China after years of slowdowns from Covid restrictions (https://www.cnbc.com/2023/11/02/starbucks-ceo-targets-growth-in-china-after-years-of-covid-slowdowns.html)

• Starbucks CEO Laxman Narasimhan spoke with CNBC’s Jim Cramer on Thursday after the coffee giant reported its fourth-quarter earnings that beat Wall Street expectations.
• Narasimhan detailed the company’s expansion in China, saying it aims to grow to 9,000 stores in the country by the end of 2025.

Ticker: SBUX

(３) [No Video Clip for non-Club Member] E.L.F. Beauty CEO Tarang Amin goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2023/11/02/elf-beauty-ceo-tarang-amin-goes-one-on-one-with-jim-cramer.html)

E.L.F. Beauty CEO Tarang Amin joins ‘Mad Money’ host Jim Cramer to talk quarterly earnings, consumer trends, retail partnerships and more.

Ticker: ELF

（４) [No Video Clip for non-Club Member] DraftKings CEO Jason Robins sits down with Jim Cramer (https://www.cnbc.com/video/2023/11/02/draftkings-ceo-jason-robins-sits-down-with-jim-cramer.html)

DraftKings CEO Jason Robins joins ‘Mad Money’ host Jim Cramer to talk quarterly earnings, sports gambling legalization, consumer trends and more.

Ticker: DKNG

(５) Cramer’s Lightning Round: Realty Income is a buy (https://www.cnbc.com/2023/11/02/cramers-lightning-round-realty-income-is-a-buy.html)

• Realty Income: “I still think it’s a buy.”
• Kyndryl: “I like Kyndryl…I think that Martin Schroeter is doing a pretty darn good job.”
• Confluent: “I wish they hadn’t talked so positively at the beginning of the call…but, I will say, I don’t think it was worth down 40. It’s just not that bad a company.”
• SiTime: “This is a tougher one. This is one I’m going to say I need to do more on.”

Ticker: O [Buy buy buy], KD [I like KD. might go higher], CFLT, SITM

(6) [No Video Clip for non-Club Member] Mounjaro has the potential to perform well, says Jim Cramer (https://www.cnbc.com/video/2023/11/02/mounjaro-has-the-potential-to-perform-well-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer discusses what he considers to be one of the market’s blindspots when it comes to pharma.

Ticker: LLY

Other Stocks Discussed (Calls with Audiences): United Parcel Service (UPS) [equally concerned, bad labor problem, FDX is better, lower valuation. buy FDX]

Ref: Links to other sites that relate to episode of November 2, 2023

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

Disclaimer

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