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Summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, August 11, 2020. Links to CNBC sites which contain video clips and transcripts are also listed.
Jim Cramer says it’s time to swap pandemic plays for the recovery stocks (https://www.cnbc.com/2020/08/11/jim-cramer-says-its-time-to-swap-pandemic-plays-for-the-recovery-stocks.html)
- Jim Cramer on Tuesday advised investors that it’s time to lock in the gains from the run in the pandemic plays and get more exposure to the recovery
- “You need to stick with what I call the barbell, meaning own some recovery stocks and some Covid stocks, but I do think it’s time to lighten up on some of those Covid names and swap into more stocks that are like Honeywell and DuPont,” the “Mad Money” host said.
Executive Interview: Owens & Minor CEO says the imbalance in demand and supply for health supplies remains (https://www.cnbc.com/video/2020/08/11/owens-minor-ceo-the-supply-demand-imbalance-for-health-supplies-remains.html)
Owens & Minor CEO Ed Pesicka joined Jim Cramer on “Mad Money” to explain how the health-care logistics company has responded to the personal protection equipment shortage.
Ticker: OMI
Executive Interview: Shopping center operator Federal Realty CEO on raising dividend: ‘We’re built for this’ (https://www.cnbc.com/2020/08/11/federal-realty-ceo-on-raising-dividend-we-are-built-for-this.html)
- “To me, it’s not about today. It’s about a number of things: whether we’ll be able to make our way through this,” Federal Realty Investment Trust CEO Don Wood said about the company’s move to boost its dividend.
- “I could not tell you how confident I am that that’s the case,” he said in a “Mad Money” interview.
- “We’re built for this and we’re built to power through this and it’s not just in terms of the balance sheet,” he said.
Ticker: FRT
Cramer’s lightning round: Don’t be aggressive on Domino’s Pizza stock (https://www.cnbc.com/2020/08/11/cramers-lightning-round-dont-be-aggressive-dominos-pizza-stock.html)
- Domino’s Pizza: “Domino’s stock is a Covid-19 stock, meaning that it’s going to do better with Covid than without. That said, I think that as they fix the wings and they keep the price down and the mom-and-pops go under, it’s going to do fine. … I would leg into it, though. Don’t be aggressive.”
- GrowGeneration Corp.: “It’s a $400 million [company] and I’m a big believer in Beyond Meat. This thing’s had a good run, maybe it explodes higher, I don’t know, but Beyond Meat is the one that I think is in for the long haul. I’d like to have Growgeneration on the show, though.”
- Twilio: “Let it come in. It’s fine. It got a little expensive, a little ahead of itself, but it is fine. It will probably come down, but I like Twilio.”
- Camping World: “I think it’s very well run. I think that people are going to continue to like camping. I do think this stock has had a major, major run and all stocks like that are susceptible to a pullback.”
- Rapid7: “They’re good. Now, the security stocks are all trading as one cohort, and that’s not a good cohort, so I think the stock can come down a bit, and that would include Crowdstrike, it includes Okta, Palo. I think they’re all under pressure a little bit because they’ve had such a big run, but it is a very, very good company.”
- Qualcomm: “Why would you double down after a huge move? I mean, the stock is up gigantic. If it pulls in, I would be interested, but no. It already had the big move. We don’t double down after. We double down before.”
Ticker: DPZ, GWRG, TWLO, CWH, RPD, CRWD, OKTA, PANW, QCOM
Executive Interview: Salesforce philanthropy chief says the pandemic initiated a ‘series of interconnected crises’ (https://www.cnbc.com/video/2020/08/11/salesforce-charity-chief-pandemic-set-off-series-of-interconnected-crises.html)
Salesforce Chief Philanthropy Officer Ebony Beckwith said the company is donating $20 million to help schools teach this fall in efforts to combat the fallout of the health crisis.
Ticker: CRM
Other Stock Discussed (Calls with Audience): Canopy Growth (CGC), Uber (UBER), Phillips 66 (PSX), Penn National Gaming (PENN)
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