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Jim Cramer responds to viral ‘Mad Money’ picture: ‘There’s a seething anger sweeping this country’ aimed at Wall Street (https://www.cnbc.com/2020/04/14/jim-cramer-on-mad-money-viral-pic-seething-anger-for-wall-street.html)
- “At the end of the day, the stock market’s made up of big, huge companies, not the small- to medium-sized businesses that are the backbone of our economy,” CNBC’s Jim Cramer said Tuesday.
- “I agree it’s messed up, but the contrast between a roaring stock market and an obliterated job market does tell you a lot about what’s happening at this moment,” he said.
- “You don’t have to like it — I know I don’t — but it’s the big dogs with pristine balance sheets and gigantic scale that can survive this lockdown,” the “Mad Money” host said as the Dow rallies against the backdrop of record layoffs.
GlaxoSmithKline CEO calls coronavirus vaccine partnership with Sanofi an ‘unprecedented collaboration’ (https://www.cnbc.com/2020/04/14/gsk-ceo-covid-19-vaccine-with-sanofi-is-unprecedented-collaboration.html)
- GlaxoSmithKline CEO Emma Walmsley told Jim Cramer that GSK’s new Covid-19 vaccine partnership with Sanofi is an “unprecedented collaboration” between competitors.
- “If we’re successful … we’re hoping to get to hundreds of millions of doses by the end of next year,” she said in an interview set to air Tuesday on “Mad Money.”
- The effort is an example of how drugmakers around the globe are teaming up to fight the coronavirus pandemic, which has infected nearly 2 million people worldwide.
Ticker: GSK, SNY
BioReference exec chair talks steps to expand coronavirus testing (https://www.cnbc.com/video/2020/04/14/bioreference-exec-chair-talks-steps-to-expand-coronavirus-testing.html)
BioReference Executive Chairman Dr. Jon Cohen joined Jim Cramer on “Mad Money” to discuss efforts to roll out mass testing all over America.
Cramer’s lightning round: Tesla goes higher. Period (https://www.cnbc.com/2020/04/14/cramer-lightning-round-tesla-goes-higher-period.html)
- Alcoa: “I don’t like the metals here. I just think the metals are too hard a place to be. So I’m going to say no to that.”
- Livongo Health: “I say you keep it. …. Let’s stick with it.”
- Oneok: “Oneok did get an upgrade today. … I do happen to believe that the dividend looks good, but that whole group is really hurt.”
- Tesla: “Tesla goes higher. Period.”
- Xerox: “I think that’s a mistake after what they did to try to buy HP. They embarrassed themselves. Let’s go with some people with some dignity.”
- SunPower: “I’m not a fan. Not a fan of Sunpower. The best sun business is in Tesla.”
- Carnival Corp: “They had a tough interview today … Anything’s possible. I don’t care for the industry.”
- Pinterest: “I thought that Pinterest was good, but they withdrew their guidance and everybody freaked up and they didn’t like it. … I think they’re okay.”
Ticker: AA, LVGO, OKE, TSLA, XRX, SPWR, CCL, PINS
Additional Topic (available in podcast)
- Off the Chart — Cramer goes off the charts to examine how the pandemic is affecting the defense industry.Stocks analyzed: Raytheon Technologies Corporation (RTX) [Buy], L3Harris Technologies, Inc. (LHX) [buy right here], Lockheed Martin Corporation (LMT), Northrop Grumman Corporation (NOC).
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