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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, December 1, 2021. It also contains links to CNBC sites which contain video clips and transcripts are also listed.
(1) Cramer says to start buying these ‘bargain basement stocks’ now before omicron fears pass (https://www.cnbc.com/2021/12/01/cramer-buy-these-bargain-basement-stocks-now-before-omicron-fears-pass.html)
- CNBC’s Jim Cramer said Wednesday investors should start to nibble on some beaten-down stocks now that the first case of the Covid omicron variant has been detected in the U.S.
- “For days I’ve told you we were waiting for the other shoe to drop and it just hit today,” the “Mad Money” host said.
Down but not out?: DIS [buy here], PAYPL, MA, WYNN, WSM, AXP, C
Cramer’s investing Philosophy: (i) Don’t Chase, (ii) Focus on the long lter potential; (iii) Don’t mind losing on the first buy, (iv) Leave room for more buying
(2) Executive Interview:Unity CEO says ‘metaverse’ is an overused term, but here’s why he still sees promise in it (https://www.cnbc.com/video/2021/12/01/unity-ceo-says-metaverse-is-an-overused-term-but-heres-why-he-still-sees-promise-in-it.html)
Unity CEO and President John Riccitiello appeared on Wednesday’s episode of “Mad Money,” explaining what he believes gives the so-called metaverse so much potential.
Ticker: U
(3) Off-the-Chart: Charts suggest stocks may fall further before powerful Santa Claus rally kicks in, Cramer says (https://www.cnbc.com/2021/12/01/cramer-charts-suggest-stocks-may-fall-more-before-santa-claus-rally.html)
- There could be more near-term pain for the stock market before it reverses course and mounts a powerful year-end Santa Claus rally, CNBC’s Jim Cramer said Wednesday.
- The “Mad Money” host leaned on charts from the legendary technical analysis Larry Williams.
““If you only cared about the seasonal pattern, then you’d want to buy the [S&P 500] on Dec. 15th … to catch the mid-to-late month move,” but this year Dec 20 (?)
Bottom Line: “Even though we might have another leg down soon, it’s a reason to buy on the way down.”
(4) Executive Interview: Karuna Therapeutics CEO discusses the biotech firm’s drug trials for schizophrenia (https://www.cnbc.com/video/2021/12/01/karuna-therapeutics-ceo-discusses-the-biotech-firms-drug-trials-for-schizophrenia.html)
Karuna Therapeutics CEO Dr. Steve Paul appeared on Wednesday’s episode of “Mad Money.”
Ticker: KRTX
(5) Cramer’s lightning round: Buy Canadian Pacific if you believe in economic recovery (https://www.cnbc.com/2021/12/01/cramers-lightning-round-buy-canadian-pacific-if-you-believe-in-economic-recovery.html)
- Carnival Corp.: “No, too early, too early. The one is Norwegian. That’s the one that’s got the best balance sheet, and the best situation, then maybe we can go down to Carnival later.”
- Fulgent Genetics: “This stock is a mystery to me. It’s a company that’s doing quite well. I think it’s OK to own. I think it’s a very good company.”
- Canadian Pacific: “You should love the company. It’s a rail that’s come down so far, that I think you have to buy it if you think there’s any chance the economy is going to rebound again, and I think it will.”
- Cassava Sciences: “All I know is that the SEC, according to Dow Jones, is investigating the company. Until I see more about that, I’m going to hold off pronouncing anything about Cassava.”
- Insmed: “Pure [speculative stock]. Pure spec. Nothing beyond spec. Losing big money. Just a spec and no more than that.”
- Decarbonization Plus Acquisition Corp III: “Look, I liked it. I’ve got to tell you, these are speculative stocks. It’s a SPAC, none of them seem to be working right now, but it’s a great stock in principle, how about that.”
Ticker: CCL, FLGT, CP, INSM, DCRC
(6) [No Video Clip] Omicron – Wat if things go right?
Other Stocks Discussed (calls with audience): Sea Lt (SE) [its going to lower because people bought on margin], Coca-Cola (KO) [buy in stages], Best Buy (BBY)
Ref: Links to other sites that relate to episode of December 1, 2021
- Google Podcast (Sound)
- Internet Archive (Video & Texts per minute）
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