Mad Money: Key points from February 28, 2024 (Wednesday) Episode

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, February 28, 2024.  It also contains links to CNBC sites which contain video clips and transcripts.

(1) Jim Cramer explains why it’s important to look for nuance during earnings season (https://www.cnbc.com/2024/02/28/jim-cramer-says-its-important-to-find-nuance-during-earnings-season.html)

• CNBC’s Jim Cramer reflected on the earnings season so far, saying investors shouldn’t judge stocks based purely on figures from a financial report.
• Instead, he said it’s wise to read beyond “negative headlines” to better predict a company’s performance.

Ticker:  HD, LOWS, TJX

(2) Executive Interview: Salesforce CEO explains why his company’s Einstein Copilot product is unique (https://www.cnbc.com/2024/02/28/salesforce-ceo-explains-why-the-einstein-copilot-product-is-unique.html)

• Salesforce CEO Marc Benioff told CNBC’s Jim Cramer on Wednesday that his company’s Einstein Copilot product is different from other artificial intelligence programs because of the way it uses customers’ data to make decisions.
• The company issued weak revenue guidance when it reported earnings Wednesday.

Ticker: CRM

(3) [No Video Clip for non-Club members] Garmin has more room to run, says Jim Cramer (https://www.cnbc.com/video/2024/02/28/garmin-has-more-room-to-run-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer takes a closer look at Garmin earnings.

Ticker: GRMN

(4) Executive Interview: New Snowflake CEO says generative AI will keep him ‘busy for many years to come’ (https://www.cnbc.com/2024/02/28/new-snowflake-ceo-says-ai-will-keep-him-busy-for-many-years-to-come.html)

• CNBC’s Jim Cramer on Wednesday spoke with Snowflake’s outgoing CEO Frank Slootman and new leader Sridhar Ramaswamy, who said the company has big plans to make use of generative artificial intelligence.
• Ramaswamy spent 15 years at Google, most recently leading the company’s Ads and Commerce business.

Ticker: SNOW

(5) Cramer’s Lightning Round: Wayfair is a buy (https://www.cnbc.com/2024/02/28/cramers-lightning-round-wayfair-is-a-buy.html)

• Wayfair: ”[buy, buy, buy!]”
• TransMedics: “Organ transplants are incredibly important, I think these guys are doing very well.”
• Bank of America: “I think it’s a very inexpensive stock…It’s doing well, ten times earnings. Yore not going to get it to 20 times earnings, it is going to go up over time. It yields almost 3%, I like that.”
• Wesco: “I’m ok with Wesco.”

Ticker: WY, TMDX, BAC, WCC

(6) [No Video Clip for non-Club members] If you’re looking to buy Apple here, nothing really stands out, says Jim Cramer (https://www.cnbc.com/video/2024/02/28/if-youre-looking-to-buy-apple-here-nothing-really-stands-out-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer looks at where Apple stands right now and if its worth investing at this point.

Ticker: AAPL, GE

Other Stocks Discussed (calls with audience): TKO Group Holdings (TKO), Adobe (ADBE) [right level to buy], MicroStrategy (MSTR)

Ref: Links to other sites that relate to episode of February 28, 2024

• Podcast at Spotify (Sound from Spotify）
• Internet Archive（Video & Texts per minute）

Disclaimer

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