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Summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, September 15, 2020. Links to CNBC sites which contain video clips and transcripts are also listed.
Bank earnings will show why the economy needs more stimulus, Jim Cramer says (https://www.cnbc.com/2020/09/15/jim-cramer-bank-earnings-will-show-how-badly-small-firms-need-help.html)
- Bank earnings will pull the curtain back on the challenges that small businesses face in this economy, CNBC’s Jim Cramer said.
- “I believe we’ll see the beginning of the bad loans that could reverberate through the whole financial system,” the “Mad Money” host said.
- “This weakness doesn’t matter to Wall Street because small businesses aren’t publicly traded and we’ve got a fabulous bull market in the cashless, contactless economy,” he said.
Ticker: C, JPM, GS
Union Pacific CEO discusses ESG investing and pledge to hire more women (https://www.cnbc.com/video/2020/09/15/union-pacific-ceo-discusses-esg-investing-and-pledge-to-hire-more-women.html)
Union Pacific CEO Lance Fritz said the railroad company plans to double its women in the workforce by 2030.
Ticker: UNP
Lennar exec chair on Q3 results: ‘It’s the best of the best times’ (https://www.cnbc.com/video/2020/09/15/lennar-exec-chair-on-q3-results-its-the-best-of-the-best-times.html)
“This is a robust housing market,” Lennar Executive Chairman Stuart Miller said while breaking down the homebuilder’s latest quarterly results on “Mad Money.”
Ticker: LEN
Off-the-Chart: Jim Cramer sees opportunities in Caterpillar, D.R. Horton and RH (https://www.cnbc.com/2020/09/15/jim-cramer-sees-opportunities-in-caterpillar-dr-horton-and-rh.html)
- CNBC’s Jim Cramer took a look at the chart action in Caterpillar, D.R. Horton and RH.
- “In a confusing market that’s once again circling the wagons around tech, the charts — as interpreted by Bob Lang — say you should consider some interest rate-sensitive stocks,” Cramer said. “I think he’s right.”
- “For months I’ve been saying you need a barbell portfolio with some Covid plays and some recovery plays,” the “Mad Money” host said. “Any of these three could easily fit in on the barbell.”
Ticker: CAT, RH, DHI
Cramer’s lightning round: Eastman Kodak is a ‘red flag’ (https://www.cnbc.com/2020/09/15/cramers-lightning-round-eastman-kodak-is-a-red-flag.html)
- Jumia Technologies: “This one trades insanely, but here is my advice to you: I like Amazon and I am willing to like Alibaba … [and] I’ll even go to MercadoLibre, which I like in Latin America. Those are the three best. Stick with those.”
- Eastman Kodak: “I’m putting a distinct red flag here on this Kodak. … I don’t like it because of that deal they made with the government, and the insider selling. I need to know more about it.”
- Zynga: “The tidal wave of gaming. That’s what it is, it’s the tidal wave and it’s just sweeping everybody, and that includes Zynga.”
- Altria Group: “I’ll say two things about Altira. One is it can pay that dividend because it makes that much money, and two I don’t recommend any tobacco stocks or companies that put money with Juul because I think these are — I don’t like what they have done to members of my family.”
- GoPro: “Maybe it goes up a dollar from here, but it’s a commodity. I have nothing good to say about them. … I haven’t since it was at $90 when I saw a goat surf in Hawaii with a GoPro on its head. That was enough for me.”
- Rackspace Technology: “Not special enough for me.”
- Workhorse Group: “It has what I call ‘the thesis, the grand thesis.’ It’s got electronic vehicles, it’s got drones — that’s what people want. But you know what I want? I want some earnings, and it doesn’t have those, and I want some valuation, and it’s up 733%, therefore I conclude that I am not early with the stock of Workhorse.”
- The Buckle: “It’s dong OK … but, you know what, I don’t like apparel, and if I wanted apparel I’d buy VF Corp or I would buy PVH or even Ralph Lauren.”
Ticker: JMIA, AMZN, BABA, MELI,KODK, ZNGA, MO, GPRO, RXT, WKHS, BKE
Other Stock Discussed (calls with auiences): UPS (UPS), FedEx (FDX), Zuora (ZUO), Tupperware Brands (TUP), Tractor Supply Company (TSCO)
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