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Summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Thursday, December 3, 2020. Links to CNBC sites which contain video clips and transcripts are also listed.
(1) Salesforce could more than double its valuation after $27.7 billion deal for Slack, Jim Cramer says (https://www.cnbc.com/2020/12/03/cramer-salesforce-could-more-than-double-its-value-after-slack-deal.html)
- “If you follow the customer, you’ll understand why Salesforce.com … decided to shell out $27.7 billion for Slack Technologies in a deal that was widely criticized,” CNBC’s Jim Cramer said.
- The “Mad Money” host said “it’s very difficult for [CEO] Marc [Benioff] to go from $200 billion to the $500 billion that I think that company can go, at least not organically.”
- “Marc needs a visible platform, something everyone can see and something everyone can buy,” he said.
Ticker: CRM
(2) Executive Interview: Snowflake CEO on the role of digital transformation in the enterprise (https://www.cnbc.com/video/2020/12/03/snowflake-ceo-on-the-role-of-digital-transformation-in-the-enterprise.html)
Data is really about understanding people’s behavior and then the ability to try to predict their behavior, Snowflake CEO Frank Slootman said on “Mad Money.”
Ticker: SNOW
(3) SPAC-EV Merger: British EV start-up Arrival has the ‘best claim to be the son of Tesla,’ Jim Cramer says (https://www.cnbc.com/2020/12/03/cramer-british-start-up-arrival-has-best-claim-to-be-the-son-of-tesla.html)
- “As much as I like this story, I think you can be patient,” CNBC’s Jim Cramer said about buying shares of CIIG Merger, the American SPAC planning to take British electric-vehicle maker Arrival public in 2021.
- “But given how much this one already pulled back this week, I’m giving you my blessing to start picking at it tomorrow,” the “Mad Money” host said.
- “If it comes down below $17.50, you can buy it hand over fist, because this one has the best claim to be the son of Tesla — or daughter, to break the tyranny of that awful cliche,” he said.
Ticker: CIIG Merger Corp (CIIC), Arrival (ARVL) [must own stock for all value investors; but early stage story, and still speculation, buy some and wait for pullback to pick up some]
(4) Executive Interview: Azek CEO breaks down trends in the remodel market
(https://www.cnbc.com/video/2020/12/03/azek-ceo-breaks-down-trends-in-the-remodel-market.html)Azek CEO Jesse Singh explained how the building products company’s key technologies helped drive growth for the company this year
Ticker: AZEK
(5) Cramer’s lightning round: PayPal can go even higher (https://www.cnbc.com/2020/12/03/cramers-lightning-round-paypal-can-go-even-higher.html)
- BlackBerry: “It’s been reinventing itself for so long that I’ve forgotten about how it’s being reinvented. … All I can tell you is during this whole way had you just bought Apple, how much better would you have done? So I’m suggesting sell BlackBerry and buy Apple.”
- Blink Charging: “I’ve got to tell you, I would say that there are too many of them and you’ve got to be very, very careful.”
- PayPal: “It’s the bank of the future. … I think this stock can go higher, still.”
- Chewy: “It’s really hard to value … I’m partial to Chewy because I think it’s just a terrific way to get pet food, but the stock has run up a lot and it’s a little too expensive for me at this point.”
- Veeva Systems: “People didn’t like the quarter yesterday and that causes me to think what we ought to do is just bring Veeva on [the show], rather than make a snap judgment because it’s been such an unbelievable performer over the years. I’m not going to abandon ship.”
Ticker: BB, AAPL, BLNK, PLTR, PYPL, CHWY, VEEV
(6) [No Video Clip] Bankruptcy during COVID
Other Stocks Discussed (Calls with audiences): Square (SQ), McDonald (MCD) [fine, prefer Wendy, Chipotle], NextEra Energy (NEE) [like it very much], FuelCell Energy (FCEL) [so much insider selling, don’t want you to be other side of inside selling]
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