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Summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Thursday, November 12, 2020. Links to CNBC sites which contain video clips and transcripts are also listed.
(1) Jim Cramer on Thursday’s decline: ‘We have too many bulls’ (https://www.cnbc.com/2020/11/12/jim-cramer-on-thursdays-decline-we-have-too-many-bulls.html)
- “We don’t have too many bears, we have too many bulls,” CNBC’s Jim Cramer said about Thursday’s session.
- “When most investors are bullish, it means, well, there’s no one left to buy,” the “Mad Money” host said after the major averages all declined.
- “Maybe that’s why the averages rolled over today,” he said.
(2) Executive Interview: Sysco CEO makes adjustments to support restaurant industry through winter months (https://www.cnbc.com/video/2020/11/12/sysco-ceo-makes-moves-to-support-restaurants-through-winter-headwinds.html)
Syco CEO Kevin Hourican explained what the food distributor is doing as part of its Restaurants Rising campaign to help restauranteurs weather the uncertain winter months with coronavirus cases surging.
Ticker: SYY
(3) Executive Interview: Ford CEO on launching electric work vans: ‘This is a big deal for us’ (https://www.cnbc.com/2020/11/12/ford-ceo-on-launching-electric-work-vans-this-is-a-big-deal-for-us.html)
- “This is a big deal for us because what makes us different is we are investing in commercial vehicles,” Ford Motor CEO Jim Farley said of the car company’s investment in all-electric work vans.
- “Ford’s bet is to electrify our commercial vehicles. We’re 50% of the market in the U.S. for commercials,” he said in a “Mad Money” interview after announcing the E-Transit commercial vehicle.
- “We sell over a half million Transits a year around the globe, and we’re going to electrify it,” he said.
Ticker: F
(4) Executive Interview：Alteryx CEO discusses new leadership: ‘Journey of the company is not over’ (https://www.cnbc.com/video/2020/11/12/alteryx-ceo-discusses-new-leadership-journey-of-the-company-is-not-over.html)
New Alteryx CEO Mark Anderson discussed replacing former CEO Dean Stoecker, who appeared alongside his successor to map out the analytics software company’s future.
Ticker: AYX
(5) Cramer’s lightning round: Start a position in Salesforce (https://www.cnbc.com/2020/11/12/cramers-lightning-round-start-a-position-in-salesforce.html)
- Eastman Kodak: “I wouldn’t bet on Kodak to be that big a part in the [vaccine] situation. As a matter of fact, I actually think that might be a good situation to be able to [sell] and buy a better one.”
- Blackstone Group: “You want to keep that running. Blackstone is a really, really good situation.”
- Best Buy: “For the long term, yes. … Right now I’m recommending Costco and I’m recommending Walmart because I think they’re more able to deal with the pandemic, but longer term Best Buy is fantastic.”
- Zynga: “I’ll tell you what’s amazing: that stock made it all the way back, it’s actually a testament to that new management, and I think you can hold on to it.”
- Advanced Micro Devices: “What will move the needle is tremendous earnings from AMD and the closing of a very difficult deal that some people don’t seem to like that I think is going to end being terrific, Xilinx.”
- Salesforce: “I would [initiate] a quarter position. … It was downgraded today. I thought the downgrade was fatuous. I think this is a good place to start a position.”
Ticker: KODK, BX, BBY, COST, WMT, ZNGA, AMD, XLNK, CRM
(6) [No Video Clip] Retail Shopping List – Nike, Estee Lauder
Other Stocks Discussed (“Salute to Service” edition): Fiverr International (FVRR) [too expensive]
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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