Mad Money: Key points from September 9, 2020 (Wednesday) episode

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      Summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, September 9, 2020. Links to CNBC sites which contain video clips and transcripts are also listed.

       

      Qorvo’s guidance boost helped tech stocks roar higher, Jim Cramer says (https://www.cnbc.com/2020/09/09/qorvo-guidance-boost-helped-tech-stocks-roar-higher-jim-cramer-says.html)

      • “Tomorrow, I expect the Apple bulls to resurface, the Zoom acolytes to speak up and the semiconductor analysts to raise numbers across the board thanks to Qorvo,” CNBC’s Jim Cramer said.
      • The “Mad Money” host attributed Wednesday’s tech gains on the market in part to chipmaker Qorvo beefing up its guidance.
      • “We had a dramatic decline in tech late last week and yesterday; those same tech stocks roared higher today,” he said.

      Beneficiaries of Qorvo Strength: Skyworks Solutions (SWKS), NXP Semiconductors (NXPI), Qualcomm (QCOM), Texas Instruments (TXN), Analog Devices (ADI), AMD (AMD), Nvidia (NVDA), Broadcom (AVGO), Marvell Technology (MRVL), Apple (AAPL)

       

      Executive Interview: Ulta Beauty CEO says intersection of digital and psychical will be the ‘future’ of Ulta Beauty (https://www.cnbc.com/video/2020/09/09/ulta-beauty-ceo-the-intersection-of-digital-and-psychical-is-our-future.html)

      Ulta Beauty CEO Mary Dillon broke down how customers have made use of the cosmetics company’s mobile app amid the pandemic.

      Ticker: ULTA

       

      Off-the-Chart: Jim Cramer breaks down how an S&P 500 climb could be followed by a ‘truly savage sell-off’ (https://www.cnbc.com/2020/09/09/jim-cramer-breaks-down-how-an-sp-500-climb-could-be-followed-by-a-truly-savage-sell-off.html)

      • “The recent sell-off could be a sign that this bull’s getting long in the tooth,” CNBC’s Jim Cramer said, citing research from technical analyst Carley Garner.
      • “Garner’s betting that the S&P 500 can give you one last gasp higher from here, followed by a truly savage sell-off,” the “Mad Money” host said.
      • “I don’t know if she’s right, but that would be pretty par for the course for the historically hideous month of September,” he said.

       

      Executive Interview: Coupa Software CEO on seeing results from improved efficiency (https://www.cnbc.com/video/2020/09/09/coupa-software-ceo-on-seeing-results-from-improved-efficiency.html)

      Coupa Software CEO Rob Bernshteyn reviewed the business software maker’s performance in the fiscal 2021 second quarter.

      Ticker: COUP

       

      Cramer’s lightning round: Micron Tech is the one chipmaker everyone hates (https://www.cnbc.com/2020/09/09/cramer-lightning-round-micron-tech-is-the-one-chipmaker-everyone-hates.html)

      • Sorrento Therapeutics: “Be careful.”
      • Albertsons Companies: “I said that people should be buying the stock. So far, not right … I’m still willing to say I’m early, though. I’m not willing to say I’m wrong.”
      • Celsius Holdings: “I’ve got to do work on this.”
      • Rocket Companies: “I like Rocket. Now when Rocket dropped to $19 … and I said it was a buy, and then the stock went to $29. I said, ‘Ok, that’s enough,’ and I haven’t looked at it since, but it is a good company.”
      • Liveperson: “We’ve been huge backers of [CEO Robert] Locascio.”
      • Micron Technology: “This is the only semiconductor company that everybody hates. … I don’t know what to say. I would not sell that stock down here, that would be ridiculous, but I do like Nvidia and AMD better. Don’t forget Broadcom and Marvell.”

      Ticker: SRNE, ACI, CELH, RKT, LPSN, MU, NVDA, AMD, AVGO, MRVL

       

      Other stocks discussed (calls with audiences): Slack Technologies (WORK), Peloton Interactive (PTON), Lemonade (LMND), Okta (OKTA), Nokia Corporation (NOK)

       

      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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