Mad Money: Key points from March 18, 2021 (Thursday) episode

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      This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Thursday, March 18, 2021.  It also contains links to CNBC sites which contain video clips and transcripts are also listed.

       

      (1) Investors dumping stocks on Fed policy are making a mistake, Jim Cramer says (https://www.cnbc.com/2021/03/18/jim-cramer-investors-dumping-stocks-on-fed-policy-are-making-a-mistake.html)

      • CNBC’s Jim Cramer defended the Federal Reserve’s decision to leave interest rates unchanged, saying it’s a mistake to dump growth stocks out of fear of rising inflation.
      • “Higher rates are bad for the economy. Powell doesn’t want us to take that hit if we don’t have to,” the “Mad Money” host said.
      • “I think Jay Powell’s right to focus more on full employment than low inflation … I bet he’ll be right about the transient nature of the commodity price increases,” he said.

       

      (2) Executive Interview: Magna International CEO on becoming a mobility technology company (https://www.cnbc.com/video/2021/03/18/magna-international-ceo-on-becoming-a-mobility-technology-company.html)

      Magna International CEO Seetarama Kotagiri explained why he sees the automotive supplier as a $40 billion start-up with a 60 year history serving a complex, high-tech end market.

      Ticker: MGA [partnership with Fisker, 12 times earnings and still still cheap]

       

      (3) Executive Interview: Williams-Sonoma CEO refocuses on in-store traffic after a surge in online sales last year (https://www.cnbc.com/2021/03/18/williams-sonoma-ceo-eyes-in-store-traffic-foot-traffic-as-economy-reopens.html)

      • Williams-Sonoma shares jumped to new highs Thursday after the home goods retailer posted better-than-expected results for its fourth quarter.
      • Online sales grew 45% during the fiscal year, compared to a 24% drop in in-person sales. Still, CEO Laura Alber said the company won’t give up on its brick-and-mortar strategy.
      • “We talk about e-commerce, and that will be our growth, but this retail recovery is a big part of the story as well,” she said in a “Mad Money” interview.

      Ticker: WSM

       

      (4) Executive Interview: AppHarvest CEO on building the third wave of sustainable infrastructure (https://www.cnbc.com/video/2021/03/18/appharvest-ceo-on-building-the-third-wave-of-sustainable-infrastructure.html)

      AppHarvest founder and CEO Jonathan Webb broke down what goals the agriculture technology is seeking to achieve by building a home grown food supply in the U.S.

      Ticker: APPH

       

      (5) Cramer’s lightning round: Buy the stock of Linde (https://www.cnbc.com/2021/03/18/cramer-lightning-round-buy-the-stock-of-linde.html)

      • Okta: “I think you should own Okta for yourself.”
      • Plug Power: “I believe in the long-term, green hydrogen fuel case, and that is best played with Plug.”
      • Chewy: Buy
      • Linde: “It has been a monster-good stock. All of these stocks are coming down now. I would encourage you … to buy the stock of Linde.”
      • Gevo: “We’re going to do [homework] on it.”

      Ticker: OKTA , PLUG, CHWY, LIN, GEVO

       

      (6) [No Video Clip] Reality Check – EV-SPAC — Ticker: RIDE

       

      Other Stocks Discussed (call with audiences): Walt Disney (DIS)

       

      Ref: Links to other sites that relate to episode of March 18, 2021.

      Disclaimer

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