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Jim Cramer on Wall Street’s relation to George Floyd protests: ‘The market has no conscience’ (https://www.cnbc.com/2020/06/01/jim-cramer-on-george-floyd-protests-the-market-has-no-conscience.html)
- “At the end of the day, the market has no conscience. Investors are simply trying to make money, and that’s why they’re crowding into the stay-at-home economy stocks,” CNBC’s Jim Cramer said.
- The “Mad Money” host said “the stay-at-home economy just got a major extension for many investors [and] right or wrong, thoughtless or cerebral, it’s worth exploiting.”
- “While there’s now a younger generation that invests with their hearts as well as their heads — and I share a lot of that sentiment — for the most part, people still pick stocks because they’re trying to make money,” he said.
Ticker (Stay-at-Hone stocks): ZM, ZS, OKTA, FTNT, PFPT, CRWD, AMZN, FB, DEACW, DOCU
Execute Interview: Chipotle CEO on stores damaged in protests: ‘We can patch up and fix’ (https://www.cnbc.com/2020/06/01/chipotle-ceo-on-stores-damaged-in-protests-we-can-patch-up-and-fix.html)
- “Fortunately, all of our employees have been safe,” Chipotle CEO Brian Niccol told CNBC’s Jim Cramer.
- “We have had some damage to restaurants, but it’s all damage frankly that we can patch up and fix,” he said while commenting on the damages sustained to some restaurants during police brutality protests.
- “All these events have been tragic and it hurts on so many levels,” he said on “Mad Money.”
Ticker: CMG
Executive Interview: Ulta Beuaty CEO expects to have all stores open by the end of June (https://www.cnbc.com/video/2020/06/01/ulta-beuaty-ceo-expects-to-have-all-stores-open-by-the-end-of-june.html)
Ulta Beauty CEO told CNBC’s Jim Cramer that there’s a “pent-up demand for beauty.” About 50% of the company’s locations are open for business.
Ticker: ULTA
Cramer’s lightning round: Harley-Davidson is not a buy (https://www.cnbc.com/2020/06/01/cramers-lightning-round-harley-davidson-is-not-a-buy.html)
- Ciena: “I like [CEO] Gary Smith. He’s been absent from this show for years, but Gary rocks and so does Ciena.”
- Compugen: “It’s a spec. … I think it’s worth it, for a spec,” here.
- Clorox: “Clorox is fantastic. They have a high-quality problem. They have more business than they can handle.”
- ON Semiconductor: “I think it’s fine … but I’ve got so many better ones. I’ve got Nvidia, I’ve got AMD — I think those are both better.”
- Harley-Davidson: “No, I don’t like the demo. It’s the demographic that matters. Demographic is mine and that’s too old.”
- Cloudera: “I think you have a winner there in Cloudera.”
- International Paper: “The problem with International Paper [is] it’s got no growth and that whole industry has got too much capacity. So, I’m going to say ‘no’ to International Paper.”
Ticker: CIEN, CGEN, CLX, ON, NVDA, AMD, HOG, CLDR, IP
Additional Topic: Off=the-Chart: Gold
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