Mad Money: Key points from August 3, 2022 (Wednesday) episode

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      This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, August 3, 2022.  It also contains links to CNBC sites which contain video clips and transcripts.


      (1) Jim Cramer says Congress’s spending bills could worsen inflation, but he’s remaining bullish (

      • CNBC’s Jim Cramer on Wednesday said that Congress’s two behemoth spending bills have him worried about inflation’s trajectory.
      • “I’m still a bull — I’ve felt bullish since June when I saw commodities were going in the right direction. And I’d be very confident about wage inflation, too, if not for Congress,” the “Mad Money” host said.


      (2) [No Video Clip] Executive Interview: Watch Jim Cramer’s full interview with AMD CEO Lisa Su (

      The “Mad Money” host interviewed AMD CEO Lisa Su on Wednesday’s episode of the show.

      Ticker: AMD [CHaritable Trust owns AMD]


      (3) Charts suggest now is the perfect time to buy gold, Jim Cramer says (

      • CNBC’s Jim Cramer on Wednesday told investors that gold is poised to rally, making now an optimal time for investors to pounce.
      • “The charts, as interpreted by the legendary Larry Williams, suggest that the general public’s giving up on gold en masse,” the “Mad Money” host said.


      (4) Executive Interview: Thermo Fisher Scientific CEO on how headwinds from Covid lockdowns in China became tailwinds (

      CNBC’s Jim Cramer spoke with Thermo Fisher Scientific CEO Marc Casper on Wednesday’s episode of “Mad Money.”

      Ticker: TMO


      (5) Cramer’s lightning round: Canoo is not a buy (

      • MannKind Corp: “No one ever likes me to say anything bad about Mannkind. … What happens if it’s not a good company? Does that matter at all? To me it does, therefore I say, sell, sell, sell.”
      • Canoo Inc: “They just lose money. We’re done with those stocks that just lose money.”
      • Hancock Whitney Corp: “I like those guys. … I think you’ve got a winner there.”
      • Verizon Communications Inc: “I think it’s going nowhere. … I’m not saying sell, sell, sell. I’m saying hold, hold, hold.”
      • Trade Desk Inc: “I think [CEO] Jeff Green is terrific, but the fact is, the overvalued tech stocks are not where to be.”
      • Luminar Technologies Inc: “If you want to be in that business, I like Tesla, and yes, someone give some love to Ford.”
      • Community Bank System Inc: “I like it very much. I think you should own it right here, right now.”

      Ticker: MNKD, GOEV, HWC [buy buy buy], VZ, TTD, LAZR, CBU


      (6) [No Video Clip] Jim Cramer says to avoid these ill-fated moves in the market (

      The “Mad Money” host said that investors should be looking at individual companies when making trading decisions on Wednesday’s episode of the show.


      Other Stocks Discussed (calls with audience): Ulta Beauty (ULTA) [it is an opportunity to buy],  Raytheon (RTX) [buy buy buy; stay on RTX], Ferrari (RACE) [great stock, I would own it], Barrick Gold (GOLD), Vale SA (VALE) [Stay away]


      Ref: Links to other sites that relate to episode of August 3, 2022



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