Mad Money: Key points from November 8, 2021 (Monday) episode

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      This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Monday, November 8, 2021.  It also contains links to CNBC sites which contain video clips and transcripts are also listed.

       

      (1) Cramer says the rally in infrastructure stocks shows the newfound power of retail investors (https://www.cnbc.com/2021/11/08/cramer-says-the-rally-in-infrastructure-stocks-shows-the-newfound-power-of-retail-investors.html)

      • The rally in infrastructure-related stocks Monday demonstrates the growing influence of retail investors on Wall Street, CNBC’s Jim Cramer said.
      • “Historically, you had to buy before something good happens, and then sell into the news. … Not this market, though,” the “Mad Money” host said.
      • “It’s a new world, more straightforward, less pessimistic, and you ignore this optimism at your own peril,” he added.

      Good News Gainers: Nucor (NUE), Vulcan Materials (VMC), Martin Marietta (MLM), Caterpillar (CAT), John Deere (DE), AND (AMD), Nvidia (NVDA), American Express, Lucid (LUCD), Fisker (FSR)

       

      (2) [No Video Clip] Executive Interview: Watch Jim Cramer’s full interview with The Container Store CEO Satish Malhotra (https://www.cnbc.com/video/2021/11/08/watch-jim-cramers-full-interview-with-the-container-store-ceo-satish-malhotra.html)

      “Mad Money” host Jim Cramer interviewed The Container Store CEO Satish Malhotra on Monday’s episode of the show.

      Ticker: TCS

       

      (3) Know your IPO: Jim Cramer says he’s skeptical that Rivian is the next Tesla and would rather own Ford (https://www.cnbc.com/2021/11/08/cramer-is-skeptical-rivian-is-the-next-tesla-and-would-rather-own-ford.html)

      • CNBC’s Jim Cramer said Monday he’s skeptical Rivian will be the next Tesla and would rather own shares of Ford Motor.
      • With Amazon and Ford as sizable investors, Rivian priced its shares between $72 and $74 in its IPO and is likely to start trading Wednesday.
      • Ultimately, the “Mad Money” host told viewers that “if you really believe in Rivian, you’ve got my blessing to speculate.”

      Ticker: RIVN

      Note: Amazon and Ford hold 19% and 12% of  Rivian, respectively.

       

      (4) Executive Interview:  Goodyear CEO says more workers than expected retired during Covid, adding to labor challenges (https://www.cnbc.com/2021/11/08/goodyear-ceo-says-more-workers-than-expected-retired-during-covid-adding-to-labor-challenges.html)

      • Goodyear experienced a larger-than-anticipated number of retirements among its U.S. workforce during the pandemic, CEO Rich Kramer told CNBC Monday.
      • The Ohio-based tire maker has had to accelerate hiring to help overcome the departures, Kramer said on “Mad Money.”
      • “We have a lot of training going on, and, of course, those make our factories a little bit less efficient and had a little bit higher cost,” he explained.

      Ticker: GT

       

      (5) Cramer’s lightning round: I won’t recommend a tobacco stock on the show (https://www.cnbc.com/2021/11/08/cramers-lightning-round-i-wont-recommend-a-tobacco-stock-on-the-show.html)

      • MGM Resorts International: “It’s got a lot of good management at the top. I think It’s good, but tomorrow Wynn reports, and Wynn, which my charitable trust shows, is going to determine the direction of MGM and right now I can’t tell you how good Wynn is going to be cause I think it’s the future that we like not the past.”
      • Biohaven Pharmaceuticals: “Okay tomorrow it reports after the close. I happen to like the company very much … I would take out the house’s money … and then let it run because then you can’t lose money because you’re playing with the house’s money.”
      • Gaotu Techedu: “China has kind of made that into a non-profit, it’s kind of a dice roll and I can’t offer any intelligence on it other than just pure speculation that the Chinese are going to let these companies go back to the way they were and I don’t think they’re going to.”
      • British American Tobacco: “I’m not going to recommend a tobacco stock on the show. Grateful to have a show on the network, but one of the things I have to do is the responsibility to say no. In the same way that I said we’ve got to ban those darn … vapes, a whole new generation got hooked on this stuff, so no I’m not going there.”
      • Alibaba: “I know that people want me to recommend this stock … I know I don’t want those 18 points I know that sounds crazy, I can find another 18 points elsewhere, so I’m not going there.”
      • MiTek Systems: “I don’t know they’ve got proprietary technology, recognition technology that I think is pretty cool. I’ve always liked the stock. I think he’s got a good concept and so I’m going to say it’s OK.”

      Ticker: MGM, BHVN, GOTU, BTI, BABA, MITK

       

      (6) [No Video Clip] No Huddle Offence: Jim Cramer likes newly public Nextdoor’s mission, but says its stock is a bit stretched right now (https://www.cnbc.com/video/2021/11/08/jim-cramer-likes-newly-public-nextdoors-mission-but-says-its-stock-is-a-bit-stretched-right-now.html)

      Stock & Ticker: Nextdoor SPAC (KIND)

       

      Other Stocks Discussed (Calls with Audiences): Western Alliance (WAL) [Rather own Wells Fargo], Pinterest (PINS [I would hold], 3M (MMM) [I would not abandon], Lithia Motors (LAD) [stock is a buy]

       

      Ref: Links to other sites that relate to episode of November 8, 2021

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