Mad Money: Key points from August 17, 2020 (Monday) episode

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      Summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Monday, August 17, 2020. Links to CNBC sites which contain video clips and transcripts are also listed.

       

      Cramer expects ‘unbelievably positive’ reports from big-box retailers this week (https://www.cnbc.com/2020/08/17/cramer-expects-unbelievably-positive-reports-from-big-box-retailers.html)

      • “If any of these big-box outfits disappoint when they report this week, remember this could be the last quarter where they actually face significant independent competition, funded by PPP,” CNBC’s Jim Cramer said.
      • The “Mad Money” host is anticipating strong quarterly results from Target, Walmart, Home Depot and Lowe’s.
      • “We’re about to get a set of unbelievably positive numbers from big retailers and restaurant chains, which is fabulous if you own those stocks, but frankly it is horrifying if you think about why they are thriving,” he said.

      Ticker: WMT, HD, LOW, TGT

       

      Executive Interview: Diagnostics firm PerkinElmer CEO on providing turnkey solutions for coronavirus testing (https://www.cnbc.com/video/2020/08/17/perkinelmer-ceo-on-providing-turnkey-solutions-for-coronavirus-testing.html)

      PerkinElmer CEO Prahlad Singh joined Jim Cramer on “Mad Money” to discuss the company’s role in the fight against coronavirus.

      Ticker: PKI

       

      Executive Interview: GrowGeneration CEO says cannabis ‘business is booming’ after company ups guidance (https://www.cnbc.com/2020/08/17/growgeneration-ups-guidance-ceo-says-cannabis-business-is-booming.html)

      • “We saw a 50% increase in walk-in business quarter over quarter. Business is booming,” GrowGeneration CEO Darren Lampert said.
      • The hydroponic and organic garden retailer recently raised its guidance to $175 million on the high end, up from the $130 million to $135 million once forecast earlier this year.
      • “We’re in such an early stage of a multi-billion dollar industry. GrowGeneration is just getting started,” he said in a “Mad Money” interview.

      Ticker: GRWG

       

      Cramer’s lightning round: I like Royalty Pharma (https://www.cnbc.com/2020/08/17/cramer-lightning-round-i-like-royalty-pharma.html)

      • Ping Identity: “There are so many companies in the identity business that people are starting to freak out that there’s too much competition, and Ping is a very expensive stock.”
      • Royalty Pharma: “I like Royalty Pharma. … They do a lot of great biotech investing without a lot of risk. I like it.”
      • Vertex Pharmaceuticals: “I say buy Vertex, do not sell Vertex.”
      • Builders FirstSource:Home Depot is going to report, Lowe’s is going to report, but Builders First is a very good company.”

      Ticker: PING, RPRX, VRTX, BLDR, HD, LOW

       

      Other Topics (no video clip): (1) Cramer’s taking a closer look at recent IPO KE Holdings, China’s largest digital housing platform, and how the company might fare amid tensions between the U.S. and China, (2) Work from Home Economy

      Other Stocks discussed (calls with audience): Exelixis (EXEL) [Absolute favorite, you should own.], ANGI Homeservices (ANGI) [Buying opportunity], Shake Shack (SHAK) [Wendy’s is the best bet], Alibaba (BABA) [Not worry about.  Very good company], Rocket Companies (RKT) [Buy]

       

      If you have any questions or comments on this topic, please start a new topic using its parent forum “Investments in the US”.

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