Mad Money: Key points from February 24, 2022 (Thursday) episode

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      This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Thursday, February 24, 2022.  It also contains links to CNBC sites which contain video clips and transcripts.

       

      (1) Jim Cramer looks at how fear over Russian aggression gave way to a stunning market comeback (https://www.cnbc.com/2022/02/24/jim-cramer-looks-at-how-fear-over-russian-aggression-gave-way-to-a-stunning-market-comeback.html)

      • CNBC’s Jim Cramer on Thursday offered reasons that the U.S. stock market was able to overcome an early steep slide related to Russia’s invasion of Ukraine.
      • “We’ve had ages to figure out that Russia would invade Ukraine. Our government has been warning us this would happen on an almost daily basis — one of the reasons we sold off so hard over the last few weeks,” the “Mad Money” host said.

       

      (2) Executive Interview: Revolve Group co-CEOs discusses quarterly results and customer demand as omicron variant retreats (https://www.cnbc.com/video/2022/02/24/revolve-group-co-ceos-discusses-quarterly-results-and-customer-demand-as-omicron-variant-retreats.html)

      The co-CEOs of Revolve Group, Mike Karanikolas and Michael Mente, appeared on Thursday’s episode of “Mad Money.”

      Ticker: RVLV

       

      (3) Executive Interview: CrowdStrike CEO says U.S. bank execs are ‘very concerned’ about Russian cyberattacks (https://www.cnbc.com/2022/02/24/crowdstrike-ceo-bank-execs-very-concerned-about-russia-cyberattacks.html)

      • CrowdStrike CEO George Kurtz told CNBC some U.S. bank executives are worried about potentially being the target of Russian cyberattacks.
      • “They’re very concerned about what might happen here, and they should be” because cyberattacks can have widespread collateral damage, Kurtz said.
      • However, Kurtz said in general that American banks have invested adequately in cyber defenses.

      Ticker: CRWD

       

      (4) Executive Interview: ‘We’re ready’ — American Electric Power CEO says it’s focused on cybersecurity defense for years (https://www.cnbc.com/2022/02/24/american-electric-power-ceo-says-its-focused-on-cybersecurity-defense-for-years.html)

      • American Electric Power is confident in its cybersecurity defenses, CEO Nick Akins told CNBC’s Jim Cramer on Thursday.
        “This industry has been obviously working with our government partners for a long time now, and we’re ready,” he said.

      Ticker: AEP

       

      (5) Cramer’s lightning round: Linde is a buy (https://www.cnbc.com/2022/02/24/cramers-lightning-round-linde-is-a-buy.html)

      • Switch Inc.: “Data center, red hot. If you understand the company, [insiders who were buying the stock] probably feel like, ‘Let’s take matters into our own hands and buy the stock.’ I think it’s a very inexpensive stock. It’s the kind of stock that can work.”
      • FS KKR Capital Corp.: “I don’t know what they own. I mean, they obviously yield a lot, but that always makes me suspicious, not comfortable. I don’t think I’ve opened what they’ve got, and I can’t tell, so I’m going to say no.”
      • BHP Group Ltd: “The dividend is rather large, given the fact that … the rest of the cohort is much slower. But I like BHP very much, I think it’s a good idea.”
      • Linde PLC: “I was upset that Linde was down so much … The company had an unbelievable quarter, the business is incredibly strong, industrial gases are a great business. Why the hell the stock is now down so much, I agree with you, I think it’s a buy.”
      • Autodesk Inc.: “I think it’s wait. We need to see a better quarter. That last quarter disappointed me, I felt like ‘wow, is that all you can do?’ Let’s wait.”

      Ticker: SWCH, BHP, LIN, ADSK

       

      (6) [No Video Clip] A New Market Outlook — Ticker HOOD

       

      Other Stocks Discussed (calls with audience): 3M (MMM), Estée Lauder (EL) [we should pull trigger, buy it], Adobe (ADBE) [not against buy, but for long term]

       

      Ref: Links to other sites that relate to episode of February 24, 2022

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