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Summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, September 23, 2020. Links to CNBC sites which contain video clips and transcripts are also listed.
Jim Cramer recommends buying Big Tech, dividend stocks into further weakness (https://www.cnbc.com/2020/09/23/jim-cramer-recommends-buying-big-tech-dividend-stocks-into-weakness.html)
- Investors should expect there to be more selling ahead, CNBC’s Jim Cramer warned Wednesday.
- But the “Mad Money” host said there are pockets of the equity market that are worth buying.
- He said stocks like Apple, Microsoft and Amazon are buys if they face more weakness, while dividend-paying stocks like PepsiCo and General Mills can be bought now.
Stocks to consider after today’s pullback : AAPL, AMZN, MSFT, GOOGL, KO, GIS, PEP, JNJ
Jim Cramer on GoodRx’s IPO: Start buying if the stock pulls back a little (https://www.cnbc.com/2020/09/23/jim-cramer-on-goodrxs-ipo-start-buying-some-stock-if-it-pulls-back.html)
- “I think you can actually nibble at GoodRx tomorrow if we have a pullback,” CNBC’s Jim Cramer said after the company’s public market debut.
- Shares of the digital health company rose more than 50% on Wednesday.
- “GoodRx is a great story. It’s got fabulous financials, so of course, yeah, the deal was red-hot,” added the “Mad Money” host.
Ticker: GDRX
Cramer’s lightning round: Beyond Meat is a buy here (https://www.cnbc.com/2020/09/23/cramers-lightning-round-beyond-meat-is-a-buy-here.html)
- Chewy: “This is one of those high-multiple stocks that we talk about that is going to come down, but at the same time I like the business very much. Let’s just say, it’s a good company but you’ve got to be willing to take some pain if you want to buy it right now. If you want pet food, frankly I thought the General Mills call was good.”
- Chegg: “I think that [CEO Dan Rosensweig] is doing a great job. The stock came down because it got ahead of itself. Very few people expected the numbers to be that good. I like your plan [to cost average in], but let’s stick to $63. Don’t jump beforehand. If it doesn’t get there, it doesn’t get there.”
- MetLife: “MetLife is fine. It’s really the yield that you’d be buying. I don’t like any of the financials. None. None. I feel like the oils and the financials are now somehow like each other, which is weird. I like the yield but that’s all I can say.”
- LyondellBasell Industries: “This is a cyclical that is doing quite well. By the way, let’s throw in Dow chemical, why don’t we? Dow chemical is doing quite well.”
- Beyond Meat: “Here’s the problem with Beyond Meat: it’s ridiculously expensive. Here’s what is great about it: it’s always going to be expensive. Why? Because it’s the future, and I like the future, and I believe in [CEO Ethan Brown]. Buy some here. I’d buy some lower.”
- A10 Networks: “I have not looked at A10 since it became public… Let me look it over again. I just never felt frankly that it was that proprietary. I just didn’t.”
- Inseego Corp.: “I like this company. Instead of just a hold or sell, I would actually put it in the buy category if you get it below $10. I think it’s doing very, very well.”
- Magna International: “I like Magna. I like a lot of the autos. I like the complex. I think it’s coming back. You’re in the cheapest. It’s come down a great deal. Magna is OK for me.”
Ticker: CHWY, GIS, CHGG, MET, LYB, MET, LYB, DOW, BYND, ATEN, INSG, MGA
Cramer sees ‘huge positives’ on Tesla’s Battery Day, tells investors to be patient on stock (https://www.cnbc.com/2020/09/23/cramer-sees-huge-positives-on-tesla-battery-day-urges-patience-on-stock.html)
- “Give it some time, and we’ll get to a level where I’ll tell you, you can pounce again,” CNBC’s Jim Cramer said after Tesla’s Battery Day.
- “I’ve liked it from $66, but the runup into Battery Day has to be burned off, and at $380 we’re not there yet,” the “Mad Money” host said.
- Cramer said he was not as disappointed in Tesla’s announcement as others on Wall Street were
Other topics (no video clips): (1) “As the aftershocks of Nike’s better-than-expected earnings continue to shake up the market, what should investors do with the stock as it hits all-time highs? Cramer’s digging deeper into the call and where to go from here. “, (2) Cramer’s exclusive with Anaplan CEO Frank Calderoni.
Other Stocks discussed (calls with audience): LUV, UNH, SCS, CPRI, SBUX
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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