Mad Money: Key points from November 10, 2023 (Friday)

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Friday, November 10, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(１) Cramer’s week ahead: Consumer spending in the spotlight with retail earnings and a new price index (https://www.cnbc.com/2023/11/10/cramers-week-ahead-cpi-retail-earnings-spotlight-consumer-spending.html)

• CNBC’s Jim Cramer on Friday highlighted next week’s notable data and earnings reports on Wall Street’s radar.
• He’ll be watching for new consumer price index figures as well as reports from retailers like Target, Home Depot, Walmart and Macy’s.

(2) [No Video Clip for non-Club Member] Executive Interview: Coterra Energy CEO Tom Jorden goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2023/11/10/coterra-energy-ceo-tom-jorden-goes-one-on-one-with-jim-cramer.html)

Coterra Energy Chairman, President and CEO Tom Jorden joins ‘Mad Money’ host Jim Cramer to talk the state of the energy sector, recent share repurchasing, M&A activity in the energy space and more.

Ticker: CTRA

(3) Jim Cramer answers investing questions from West Point cadets (https://www.cnbc.com/2023/11/10/jim-cramer-answers-investing-questions-from-west-point-cadets.html)

• CNBC’s Jim Cramer on Friday answered investing questions from West Point cadets in honor of Veteran’s Day.
• Topics included defense stocks, interest rates and strategies for investing during geopolitical tumult.

• NVDIA — own it don’t trade it. multi year growth, king of AI
• Large cap investing — tech, medical device, bio tech,
• defense company – LMT, RTX [most speculative]
• what to do if interest goes down — not expect interests rate go down anytime soon
• best strategy — buy gold as a hedge, not bond
• potential government shut down — always buying opportunities
• equity market overvalued? — not a big fan of a bonds

(4) Jim Cramer picks Disney as best of the major media stocks (https://www.cnbc.com/2023/11/10/jim-cramer-picks-disney-as-best-of-the-major-media-stocks.html)

• CNBC’s Jim Cramer on Friday ranked major media stocks, with Disney coming in first followed by Fox, Warner Bros and Paramount.
• “After earnings season, it’s worth reassessing the independent media plays, because some of them are doing much better than expected,” Cramer said.

Ranking of the media titans: (i) DIS [held on for charitable trust], (ii) FOX , (iii) WBD, (iv) 4PARA [bad balance sheet]

(5) Cramer’s Lightning Round: Uber is a buy (https://www.cnbc.com/2023/11/10/cramers-lightning-round-uber-is-a-buy.html)

• Advanced Micro Devices: ”…I put this in the bull pen, and I just got two greedy and now it’s going up, and I think it’s not going to stop here. AMD’s a good hold.”
• Teladoc: “I think it’s a very crowded area. It was great, and then everyone else decided it was such a good business that it wreck their margins. So I’m going to say please do not buy that stock.”
• Palo Alto Networks: “PANW is doing terrific. They do report next week. I expect a very good quarter for that cybersecurity company.”
• Howard Hughes: “That’s a asset play, and we are really all about trying to figure out earnings growth, particularly higher earnings growth that we can own for the long term. And I do not want to be involved in a break up story, which is what I think you have there.”
• EQT: “I like EQT. But as much as I like EQT, I like Coterra even more. It’s cheaper, and I think it has better assets.”
• BRC: “I care about whether they’re making a lot of money…I don’t see them making enough money for me to think it’s an inexpensive stock.”
• Uber: ”[Buy, buy, buy!] I think this was the beginning of what is going to be a period where some of these companies that became public during the era are just breaking away from the pack. That was an amazing number, Uber, and let me throw in DoorDash.”
• SoFi: ”…I think the stock is incredibly inexpensive, and it had a great quarter.”

Ticker: AMD [bullpen], TDOC [don’t buy], PANW [buy buy buy], HHH, EQT, BRCC, UBER [buy buy buy], SOFI

(6) [No Video Clip for non-Club Member] Jim Cramer looks ahead to President Biden’s meeting with China’s Xi (https://www.cnbc.com/video/2023/11/10/jim-cramer-looks-ahead-to-president-bidens-meeting-with-chinas-xi.html)

‘Mad Money’ host Jim Cramer looks at the state of U.S.-China relations as the president prepares to meet with China’s Xi.

Ticker: WYNN, SBUX, AAPL, QCOM [held for charitable trust]

Other Stocks Discussed (Calls with Audiences): Logitech (LOGI) [take a profit off], Lennar (LEN) [it can still go higher], American Airlines (AAL) [delta is the best shape]

Ref: Links to other sites that relate to episode of November 10, 2023

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

Disclaimer

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