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Summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Monday, August 24, 2020. Links to CNBC sites which contain video clips and transcripts are also listed.
Apple and Tesla have long-term upside after stock splits, Jim Cramer says (https://www.cnbc.com/2020/08/24/apple-and-tesla-have-long-term-upside-after-stock-splits-jim-cramer-says.html)
- Investors can buy into Apple and Tesla on any pullback after their forthcoming stock splits, CNBC’s Jim Cramer said.
- “They’re both stocks — and in the end, stocks can break your heart — but if Elon Musk and Tim Cook continue to execute, I bet their long-term trajectory is up,” Cramer said.
- While some market players fret over the two companies’ valuations, Cramer said they make sense when evaluating Apple as a consumer products company and Tesla as a tech company.
Ticker: AAPL, TSLA
Executive Interview: Palo Alto CEO talks bid for risk management firm The Crypsis Group (https://www.cnbc.com/video/2020/08/24/palo-alto-ceo-talks-bid-for-risk-management-firm-the-crypsis-group.html)
Palo Alto CEO Nikesh Arora explained the networks company’s strategy in acquiring the incident response firm for $265 million.
Ticker: PANW
Executive Interview: BioReference Labs says contamination issue led to NFL’s coronavirus false positives (https://www.cnbc.com/2020/08/24/testing-lab-says-contamination-caused-nfl-coronavirus-false-positives.html)
- BioReference Laboratories Executive Chairman Jon Cohen said the company quickly identified and addressed issues connected to false-positive tests in NFL.
- “We identified relatively quickly that the analyzers and the reagents were all fine,” he told Jim Cramer in a “Mad Money” interview, adding “we honed down pretty quickly that we knew it was specimen preparing issue at the very beginning.”
- “We identified it, we fixed the problem,” he said.
Executive Interview: Fiserv CEO talks growing business in the ‘heat of the pandemic’ (https://www.cnbc.com/video/2020/08/24/fiserv-ceo-talks-growing-business-in-the-heat-of-the-pandemic.html)
Fiserv CEO Frank Bisignano said Clover, the fintech company’s point of sales arm, grew business by 32% in July.
Ticker: FISV
Cramer’s lightning round: Plug Power versus Linde (https://www.cnbc.com/2020/08/24/cramer-lightning-round-plug-power-versus-linde.html)
- Plug Power: “I like those two acquisitions, that’s why we had Plug Power on. I like the story, but I was hoping you were talking about Linde” because the company has “a lot of things going for it. We’ll do this: Linde for the people who want to be able to have some hydrogen” and “Plug Power for those who are young — or young at heart — and are willing to take a little speculative appeal.”
- Huntington Ingalls Industries: “I am not going to endorse that. If I want a defense play, I’m going to go with Raytheon …. [or] Lockheed Martin.”
- Gilead Sciences: “They have a gang that can’t shoot straight … I would skip it. This whole biotech group is down big. Why not take a look at Regeneron.”
- International Flavors & Fragrances: “I think that this merger they’re going to be doing with DuPont … is going to be just terrific for IFF, and the stock is a buy right here at $122.”
- Karyopharm: “Cancer spec. I never say no to those … I happen to think that if you want to speculate, you want to speculate oncology because there’s so much heartbreak and there’s so much need.”
- Barrick Gold: “I actually am a very big fan of Barrick Gold. I think you buy half and then … you hope it comes in.”
- Precigen: “I have to do some work on that one.”
Ticker: PLUG, LIN, HII, RTX, LMT, GILD, REGN, IFF, DD, KPTI, GOLD, XON
Airbnb IPO could be the ‘steal of the century,’ Jim Cramer says (https://www.cnbc.com/2020/08/24/airbnb-ipo-could-be-the-steal-of-the-century-jim-cramer-says.html)
- “I think it’ll be a steal,” CNBC’s Jim Cramer said of Airbnb’s forthcoming initial public offering.
- “Thanks to Covid, AirBnB is now the safest way to travel, which is why this IPO might end up being the steal of the century,” the “Mad Money” host said.
- “The once-mighty hotel and restaurant industries — and their unions — no longer have the clout to keep Airbnb down,” he said.
Other Stocks Discussed (calls with audience): Starbucks (SBUX) [Buy], Biomarin Pharmaceutical (BMRN) [Buy], Altria Group (MO) [Do not own]
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