Mad Money: Key points from March 28, 2024 (Thursday) Episode

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

(1) Jim Cramer’s week ahead: Nonfarm payroll data and Disney’s proxy fight comes to a head (https://www.cnbc.com/2024/03/28/cramers-week-ahead-nonfarm-payroll-data-and-disneys-proxy-fight-.html)

• CNBC’s Jim Cramer on Thursday guided investors through next week’s Wall Street action, saying to focus on new employment data.
• He also highlighted Walt Disney’s annual shareholder meeting where its bitter proxy fight with activist Nelson Peltz will come to a head.

(2) Executive Interview: Walgreens CEO says ‘human interface’ will help the chain beat Amazon (https://www.cnbc.com/2024/03/28/walgreens-ceo-says-human-interface-will-help-the-chain-beat-amazon.html)

• Walgreens CEO Tim Wentworth told CNBC’s Jim Cramer his retail pharmacy chain can rival Amazon because of its human-to-human interactions with customers and presence in communities.
• Wentworth said he thinks “human interface” will differentiate Walgreens from its competitors more so than speedy deliveries.

Ticker: WBA

(3) [No Video Clip for non-Club members] Cramer breaks down which company spin-offs have produced winning stocks (https://www.cnbc.com/video/2024/03/28/cramer-breaks-down-which-company-spin-offs-have-produced-winning-stocks.html)

“Mad Money” host Jim Cramer breaks down the Conagra and Lamb Weston split and discusses companies that have had successful spinoffs.

Surprising Spin-Off Winners:

• MasterBrand (MBC) [spinoff from Fortune Brands Innovations (FBIN)]
• Lamb Weston Holdings (LW) [spinoff from Conagra Brands (CAG)]
• Constellation Energy Corporation (CEG) [spinoff from Exelon Corporation (EXC)]
• WK Kellogg Co (KLG) [spin off from Kellanova (K)]

Next Week: 3M and GE plan to split

(4) [No Video Clip for non-Club members] Cramer on Apple: Own it, don’t trade it (https://www.cnbc.com/video/2024/03/28/cramer-on-apple-own-it-dont-trade-it.html)

“Mad Money” host Jim Cramer offers some investing tips to viewers on a range of stocks.

• Why haven’t you recommend Chipotle Mexican (CMG)? –> This was a great stock. My bad.
• What are your thoughts on TSLA? Should I take a loss and move on? –> reluctant to tell to sell, Just hold on, don’t sell
• How do you maintain discipline to sell when you need to? –> When the stock is up, say 50%, I try to take up between 10% to 20% of the stock and let the rest clime.
• Can mining companies expect growth ahead? –> Stocks did not do the job. But what did the job was bullion. You can also do the ETF. I believe in gold and I think you should have 5%-10% of your portfolio and gold as a hedge. I feel the same way about Bitcoin
• Home builders stock (eg. TOL, LEN BLDR) more room to run?  TOL has more room to run. We own Stanley Black & Decker for the club, It has a better yield. They are fine companies
• Does DOJ lawsuit against AAPL alter your own it don’t trade it thesis? –> No. Still own it don’t trade it.
• Could MDT be a future club name? –>It has to be in the bullpen. But I have to leave a position to take on in.

(5) Cramer’s Lightning Round: Leidos is a winner (https://www.cnbc.com/2024/03/28/cramers-lightning-round-leidos-is-a-winner.html)

• Core & Main: “Core & Main is right at the heart of this infrastructure bull market I keep talking about because it does waste water. It is perfectly positioned. Believe it or not, even though it’s just been a horse, it can go higher.”
• Pfizer: “Let’s give Pfizer a chance. They’ve got this really good acquisition that I like of Seagen. Let’s give it some time here.”
• SFL: “People like these things, people like these bulk carriers right now…Do not overstay your welcome in this, it’s been a big run. But it’s going to go a little higher.”
• Leidos: “It’s a defense contractor that’s actually not struggling to get money out of Congress. I think it’s a winner, I don’t want to get off that horse yet.”
• KLA: “KLA is a very good company.”
• Chevron: “That’s Mike Wirth’s company, I’m not going to leave it here. It’s got a 4% yield, it’s doing pretty well.”

Ticker: CNM, PFE, SFL, LDOS, KLAC, CVX

(6) [No Video Clip for non-Club members] Bears thought Amex would fail. It did the opposite, says Jim Cramer (https://www.cnbc.com/video/2024/03/28/bears-thought-amex-would-fail-it-did-the-opposite-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer breaks down the top performers in the Dow’s first quarter.

Other Stocks Discussed (calls with audience): RTX [I am bullish], Sofi (SOFI) [I believe it should be coming up, you should stay with SOFI], Whirlpool Corporation （WHR) [WHR is OK, but prefer Stanley Becker]

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

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

Disclaimer

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