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Summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, August 25, 2020. Links to CNBC sites which contain video clips and transcripts are also listed.
Cramer reacts to Dow Jones additions of Salesforce, Amgen and Honeywell: ‘The job’s almost done’ (https://www.cnbc.com/2020/08/25/cramer-reacts-to-new-additions-to-dow-jones.html)
- “This rebalancing came about because of a need for more technology in this index, given how big the tech sector’s become,” CNBC’s Jim Cramer said of the three-stock swap coming to the Dow Jones Industrial Average.
- “I think that the job’s almost done,” with the additions of Salesforce, Amgen and Honeywell, the “Mad Money” host said.
- “I think these moves make a lot of sense. They bring the Dow closer to the reality of the new economy, not the memory of the old economy,” he said.
Stocks added to DOW: CRM, AMGN, HON
Stocks removed from DOW: XOM, PFE, RTXExecutive Interview: Salesforce’s Marc Benioff claims a ‘victory for stakeholder capitalism’ (https://www.cnbc.com/2020/08/25/salesforces-marc-benioff-claims-a-victory-for-stakeholder-capitalism.html)
- “This is a victory for stakeholder capitalism because I think, you know, that we did a great job for our shareholders this quarter, but we also did a great job for our stakeholders, as well,” Salesfoce’s Marc Benioff said after reporting quarterly earnings.
- “This is a moment when we need to be thinking not just about how to serve all of our customers, but also how to take care of our communities because they are in so much pain,” he said in a “Mad Money” interview.
- “Our stakeholders have radically benefited from this company since we went public in 2004,” he said.
Ticker: CRM
Executive Interview: Balance was key to Hormel’s record quarter, despite foodservice woes, CEO says (https://www.cnbc.com/2020/08/25/balance-was-key-to-hormels-record-quarter-ceo-says.html)
Hormel CEO Jim Snee joined Jim Cramer on “Mad Money” to discuss how the food producer delivered record results amid the pandemic.
Ticker: HRL
Cramer’s lightning round: You should buy GE (https://www.cnbc.com/2020/08/25/cramer-lightning-round-you-should-buy-ge.html)
- Scotts Miracle-Gro: “That may have been the trade. I mean, the summer’s almost over, we don’t use a lot of Scotts Miracle-Gro going into the fall, so I think you take the money and run there.”
- Marathon Petroleum: “I think you should stay in it.”
- General Electric: “You want to keep it. I think Larry’s (CEO Larry Culp) going to be able to pull it off … Yes, you should buy GE.”
- Chevron: “I don’t like oil and gas. I think it’s uninvestible, but the only large oil company I would buy is Chevron.”
- Axon Enterprise: “We’ve been behind [CEO] Rick Smith and his work … and we’re still backing him, so nothing’s changed for us.”
- Peloton: “I’d like to ring the register [on] Peloton … this one’s run up so much. It’s up 133%. That’s a bit of a nosebleed for me.”
Ticker: SMG, MPC, GE, CVX, AAXN, PTON
Other Topics (no video clip): (1) Off-the-Chart: “As the S&P 500 and Nasdaq hit all time highs and record closes, what should investors consider for when looking for a peak in the market? Cramer’s going Off The Charts with Tom DeMark to find out.” (2) Millenniums Playbook — LUV, NCLH, SPG-PJ, HLT
Other Stocks (Calls with Audience); Duke Energy (DUK), Crown Castle (CCI)
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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