Mad Money: Key points from May 19, 2021 (Wednesday) episode

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      This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, May 19, 2021.  It also contains links to CNBC sites which contain video clips and transcripts are also listed.

       

      (1) Jim Cramer bets stocks will gain from the collapse in crypto, speculative assets (https://www.cnbc.com/2021/05/19/cramer-bets-stocks-will-gain-from-the-collapse-in-crypto-spec-assets.html)

      • “We need to accept the beatdown in speculative assets for the greater good of the entire stock market,” CNBC’s Jim Cramer said.
      • “This speculative meltdown can temporarily weigh on the entire market, sure, but once the speculators get shaken out, I’m betting it’s a win for the Dow and definitely the S&P,” the “Mad Money” host said.
      • Cramer recommended investors take profit in the volatile crypto market to take advantage of stocks that benefit from a growing economy.

       

      (2) Executive Interview: GFL Environmental CEO on evolving recycling business (https://www.cnbc.com/video/2021/05/19/gfl-environmental-ceo-on-evolving-recycling-business.html)

      GFL Environmental CEO Patrick Dovigi discussed how the business of recycling has shifted in recent years.

      Ticker: GFL

       

      (3) Executive Interview: Take-Two CEO says margins are improving as game downloads near 90% of sales (https://www.cnbc.com/2021/05/19/take-two-reports-improving-margins-as-game-downloads-near-90percent-of-sales.html)

      • Digital downloads of video games are taking a larger share of sales at Take-Two Interactive, the video game publisher behind the Grand Theft Auto and NBA 2K franchises.
      • CEO Strauss Zelnick expects the growth to continue, but sees physical stores playing a key part of its strategy.
      • “We need to be where the consumer is,” he said.

      Ticker: TTWO

       

      (4) Executive Interview: Cisco CEO on supporting in-person, hybrid and remote work cultures (https://www.cnbc.com/video/2021/05/19/cisco-ceo-on-supporting-in-person-hybrid-and-remote-work-cultures.html)

      Cisco CEO Chuck Robbins discussed how the networking products company is benefiting from three workplace trends taking place spurred in part by the coronavirus pandemic.

      Ticker: CSCO

       

      (5) Cramer’s lightning round: MicroVision is a battleground stock (https://www.cnbc.com/2021/05/19/cramers-lightning-round-microvision-is-a-battleground-stock.html)

      • Cerence: “I’m not playing.”
      • Lithium Americas: “It’s a yawn, for me. I want great innovation. I don’t want minerals, I want innovation and I just don’t see it happening there.”
      • Blink Charging: “We’re going to let this [EV] area cool down.”
      • Marvell Technology: “It’s a good place [to be].”
      • MicroVision: “It’s a battleground. It’s considered to be a tug-of-war between the longs and the shorts … I want you to take a substantial amount of your money out. I don’t care if it’s the greatest stock ever, you are a winner, sir … Please, take some off the table.”
      • Oracle: “It’s been just a smoke show. I mean, I cannot believe that everyone has decided that Oracle is a great value here … I’m not going to fight Oracle because I happen to like [CEO] Safra Catz too much.”
      • GlaxoSmithKline: “I don’t think that yield is safe. I truly want GlaxoSmithKline to do well … I am not a big of a fan of it as I once was and I’m glad the stock’s back, so maybe you can take a little off the table if things don’t work out. That would be my suggestion to you.”
      • CoStar: “My take is they should just come on [‘Mad Money’] before I opine.”

      Ticker: CRNC, LAC, BLNK, MRVL, MVIS, ORCL, GSK, CSGP

       

      Other Stocks Discussed (calls with audiences): Newmont Corporation (NEM), Lithia Motors (LAD)

       

      Ref: Links to other sites that relate to episode of May 19, 2021.

       

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