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Summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, November 11, 2020. Links to CNBC sites which contain video clips and transcripts are also listed.
(1) Wall Street is ″being very cavalier’ about virus cases, election turmoil and stimulus uncertainty, Jim Cramer says (https://www.cnbc.com/2020/11/11/jim-cramer-wall-street-very-cavalier-about-risks-the-us-faces.html)
- “I think this market’s being very cavalier about the fact that we’re running at more than 130,000 new cases per day,” CNBC’s Jim Cramer said.
- Cramer warned about the risky effects that rising coronavirus cases, pushback against Joe Biden’s projected presidential victory and division in Washington over stimulus spending could have on the market.
- “I hate to say it, but the Cramer Covid-19 index is back in play if we get one of the nightmare scenarios I just traced out,” he said.
(2) Executive Interview: Rocket Companies CEO: Tech investments drove record loan volume in Q3 (https://www.cnbc.com/2020/11/11/rocket-companies-ceo-tech-investments-drove-record-loan-volume-in-q3.html)
- “That platform allowed us to scale,” Rocket Companies CEO Jay Farner told CNBC’s Jim Cramer when explaining the company’s record quarterly results.
- “We were doing about $15 billion a month at the start of the year and in October we did over $30 billion in one month in closed volume, and that’s just that technology combined with the great brand we’ve got,” he said in a “Mad Money” interview.
- “The upside here for us in terms of how this business is going to grow, we see 25% [mortgage market share] here by 2030,” he said.
Ticker: RKT
(3) Executive Interview: Ulta Beauty CEO talks opening shops at Target: ‘great paths for brand growth’ (https://www.cnbc.com/video/2020/11/11/ulta-beauty-ceo-on-target-partnership-great-paths-for-brand-growth.html)
Ulta Beauty CEO Mary Dillon explained how teaming up with Target will provide an opportunity for emerging and established skincare, haircare and fragrance brands to gain more exposure.
Ticker: ULTA
(4) Executive Interview: Lemonade CEO calls insurance the ‘single-most destructible industry on the planet’ (https://www.cnbc.com/video/2020/11/11/lemonade-ceo-insurance-is-most-destructible-industry-on-the-planet.html)
Daniel Schreiber, chief executive of insurance provider Lemonade, explained how building the company with a focus on technology and customer delight is powering its business and customer growth.
Ticker: LMND
(5) Cramer’s lightning round: CVS Health stock is ‘too darned cheap’ (https://www.cnbc.com/2020/11/11/cramer-lightning-round-cvs-health-stock-is-too-darned-cheap.html)
- Pacific Ethanol: “Too speculative.”
- CVS Health: “I think the stock is just too darned cheap.”
- Idexx Laboratories: “I think it’s a terrific situation. You don’t necessarily need to buy more up here at $455. Just continue to stay on it. It’s a good situation.”
- T-Mobile: “What a winner.”
- Intel: “Why not buy some AMD? Honestly?”
- HollyFrontier: “I don’t want anything oil and gas, so we don’t want the commodity and refining. It just doesn’t make enough money for me.”
- Xpeng: ”[Alibaba] is the only Chinese stock I’m recommending and I just feel that the electric vehicle space — if you want to be in that you go in Tesla.”
Ticker: PEIX, CVS, IDXX, TMUS, INTC, AMD, HFC, XPEV, BABA, TLSA
(6) [No Video Clip] Apple — Ticker: AAPL
Other Stocks Discussed (“Salute to Service” edition): CrowdStrike (CRWD) [good, expensive but longer term we need it], until $10,000 S&P500 index, Nio (NIO) [afraid of having Chinese stock, preferred to be in Tesla]
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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