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Summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, September 16, 2020. Links to CNBC sites which contain video clips and transcripts are also listed.
Jim Cramer echoes Fed chair’s call for more stimulus: ‘I think he’s right’ (https://www.cnbc.com/2020/09/16/jim-cramer-echoes-fed-chair-call-for-more-stimulus-i-think-hes-right.html)
- “When we heard from Fed Chief Jay Powell, he made me feel like we desperately need another stimulus bill from Congress because it’s the only way to save these service businesses,” CNBC’s Jim Cramer said.
- “I think he’s right, but I’m skeptical that the Democrats and Republicans will be able to reach a compromise,” the “Mad Money” host said.
Campbell Soup CEO on the ‘new normal,’ addressing supply constraints (https://www.cnbc.com/video/2020/09/16/campbell-soup-ceo-on-the-new-normal-addressing-supply-constraints.html)
Campbell Soup CEO Mark Clouse explained why he thinks outlook for the food and snack company is brighter than ever before.
Ticker: CPB
Jim Cramer recommends buying newly public JFrog at lower levels: ‘It’s sizzling’ (https://www.cnbc.com/2020/09/16/jim-cramer-calls-newly-public-jfrog-a-buy-at-lower-levels-its-sizzling.html)
- “JFrog’s another terrific company with a stock that’s simply too hot to handle right now,” CNBC’s Jim Cramer said after the software company’s debut on public markets.
- “We get sell-offs, and when we do maybe you can get this stock at a much less exorbitant price,” the “Mad Money” host said.
- “JFrog’s business has a lot going for it. I think this is a great story. But,” he said, “the stock’s giving me vertigo.”
Ticker: FROG
Executive Interview: Content management firm Box CEO on reaching more customers amid the pandemic (https://www.cnbc.com/video/2020/09/16/content-management-firm-box-ceo-on-reaching-more-clients-amid-the-pandemic.html)
Box CEO Aaron Levie explained how the content management provider has been able to grow its reach as more companies seek out cloud services.
Ticker: BOX
Cramer’s lightning round: ‘I think Uber’s actually doing OK’ (https://www.cnbc.com/2020/09/16/cramer-lightning-round-i-think-uber-is-actually-doing-ok.html)
- Parsley Energy: “Parsley and Chevron are the only oil stocks I will recommend. They are the two best run.”
- Logitech: “You’re doing it perfectly. Let’s just keep it going.”
- Alteryx: “Alterxy is the kind of company you know I just think it’s absolutely terrific, but I’ve got to tell you people will sell a stock like Alteryx in order to be able to get cash” to put into the next IPO. “That’s what I see when I look at what happened today wit hSnowflake.”
- Uber: “I think Uber’s actually doing OK.”
- Nordic American Tanker: “I think you made a little bit of money. It’s time to move on.”
- Sea Limited: “I see that stock goin up all the time, and I’ve gvot to tell you I donm’t know why that is and I’ve got to find out before I recommend a stock or not.”
Ticker: PE, CVX, LOGI, AYX, UBER, NAT, SE
Other Stocks Discussed (calls with audiences): DraftKings (DKNG), United Airlines (UAL), B&G Foods (BGS), Albertsons Companies (ACI), CrowdStrike (CRWD)
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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