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Summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Thursday, September 17, 2020. Links to CNBC sites which contain video clips and transcripts are also listed.
‘I think it’s time to start putting cash to work,’ Jim Cramer says (https://www.cnbc.com/2020/09/17/i-think-its-time-to-start-putting-cash-to-work-jim-cramer-says.html)
- CNBC’s Jim Cramer recommends investors hunt for plays like Dow Inc., Caterpillar and 3M.
- “I recommend picking up some of [the] historically cheap stocks that are being brought down by the entire averages,” the “Mad Money” host said.
- “I expected a correction, and that’s exactly what we’re getting here,” he said.
Ticker: DOW, CAT, MMM, AMWL, FROG, SNOW
Jim Cramer urges patience before buying newly public Amwell: ‘It’s too hot right now’ (https://www.cnbc.com/2020/09/17/jim-cramer-says-newly-public-amwell-stock-is-too-hot-right-now-.html)
- “If you want to own this one, you have to let it come in, because it’s too hot right now,” CNBC’s Jim Cramer said of the newly public stock of Amwell.
- “I would be more bullish if you got a pullback down to the mid-to-high teens,” the “Mad Money” host said.
- Shares of the telemedicine provider closed at $23.07 apiece after the company held an initial public offering of $18.
Ticker: AMWL, TDOC, LVGO
Executive Interview: Proofpoint CEO talks cyberthreats, says telework will ‘change the face of work’ (https://www.cnbc.com/video/2020/09/17/proofpoint-ceo-on-how-cyberthreats-telework-changed-the-face-of-work.html)
Proofpoint CEO Gary Steele joined Jim Cramer on “Mad Money” to discuss how the transition from office to remote has changed the business of corporate network protection.
Cramer’s lightning round: Peloton has run up way too far (https://www.cnbc.com/2020/09/17/cramer-lightning-round-peloton-has-run-up-way-too-far.html)
- Nextera Energy: “If you want a growth utility, that’s the one. If you want a little more safety, you do Coned and if you want just kind of a plain-ole, but good grower: American Electric Power.”
- Peloton: “I like Peloton, but I think it’s run up way too far. I do believe that there’s a stay-at-home exercise community … but the stock has had a very big run. I think it can go higher, but I don’t like the risk-reward here.”
- Fulgent Genetics: “Anything that’s about diagnostics is incredibly hot, but remember I’m an old-fashioned diagnostics guy. I like Abbott, I like Thermo-Fisher, but, you know what, if you want a little spec that one works for me.”
- Ericsson: “No.”
- Hannon Armstrong Sustainable: “I do not like any credit market right now. Look at what’s happening with our banks, and that’s a bit of a bank, so I say ‘no thank you.’”
- Splunk: “Splunk’s pretty good. … It’s one of those companies that has a lot of things going for it, in terms of data analytics.”
- Clorox: “Right now, the market doesn’t like the defensive stocks and they’ve stepped away from a stock like Clorox. We’ve got to give it some time, let it come in a little.”
- Vale: “I still can’t get behind Vale. I’ve got other companies I would rather own, which include Freeport.”
- Trade Desk: “This is the kind of multiple-to-sales stock that I’m afraid is going to get hurt by the flood of IPOs.”
Ticker: NEE, PTON, FLGT, ABT, TMO, ERIC, HASI, SPLK, CLX, VALE, FCX, TTD
Jim Cramer: ‘I think Penn National has terrific prospects’ (https://www.cnbc.com/video/2020/09/17/jim-cramer-i-think-penn-national-has-terrific-prospects.html)
“Mad Money” host Jim Cramer breaks down why he thinks the stock of Penn National, which owns a stake in Barstool, will go higher as the football season picks up.
Ticker: PENN
Other Stocks Discussed (calls with audiences): Toll Brothers (TOL) [it’s a winner], GoDaddy (GDDY) [like it], Cloudera (CLDR), Wynn Resorts (WYNN) [no problem holding], Chevron Corporation (CVX) [only oil companies recommend: Chevron for dividend, Parsley for growth], TDOC (Teladoc) & Livongo (LVGO) [love merger. you should own. both are good], ResMed (RMD) [like it, should buy]
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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