Mad Money: Key points from August 31, 2022 (Wednesday) episode

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2022-09-03 at 9:49 PM #5888

Keymaster

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on TWednesday, August 31, 2022. It also contains links to CNBC sites which contain video clips and transcripts.

(1) Cramer expects the Fed to keep tightening until there is ‘real deterioration in the economy’ (https://www.cnbc.com/2022/08/31/cramer-fed-likely-to-keep-hiking-until-theres-economic-deterioration.html)

The Fed is likely to keep tightening until there is a real slowdown in U.S. economy, CNBC’s Jim Cramer said Wednesday.

“We’re now in ‘good news is bad news’ mode, because the Fed’s not going to stop bringing the pain until we see real deterioration,” the “Mad Money” host said.

(2) [No Video Clip] Homework: Jim Cramer analyzes the investment case for HVAC and refrigeration firm Watsco (https://www.cnbc.com/video/2022/08/31/jim-cramer-analyzes-the-investment-case-for-hvac-and-refrigeration-firm-watsco.html)

“Mad Money” host Jim Cramer on Wednesday analyzed the investment case for Watsco, a distributor in the HVAC and refrigeration industry.

Ticker: WSO

(3) Jim Cramer says he likes these 5 liquified natural gas stocks for the long haul (https://www.cnbc.com/2022/08/31/jim-cramer-says-he-likes-these-5-liquified-natural-gas-stocks-for-the-long-haul.html)

Investors should look to capitalize on market turbulence by building positions “in companies with exposure to powerful long-term themes, like the rise of LNG,” CNBC’s Jim Cramer said.

On Wednesday, the “Mad Money” host highlighted five companies in the industry he believes could be worthwhile long-term investments.

Stock& Ticker: Cheniere Energy (LNG), Tellurian (TELL), Sempra Energy (SRE), Excelerate Energy (EE), Enbridge (ENB)

(4) Executive Interview: CrowdStrike CEO on the growth of its identity protection business and cyber spend resiliency (https://www.cnbc.com/video/2022/08/31/crowdstrike-ceo-on-the-growth-of-its-identity-protection-business-and-cyber-spend-resiliency.html)

George Kurtz, the CEO of cybersecurity firm CrowdStrike, appeared on Wednesday’s episode of “Mad Money.”

Ticker: CRWD

(5) Cramer’s lightning round: CVS Health is a buy (https://www.cnbc.com/2022/08/31/cramers-lightning-round-cvs-health-is-a-buy.html)

Canoo: “Profits. That would really go a long way [in making the stock a better investment right now].”

Apa Corporation: “I like Apache. I think it’s got a lot of natural gas. [Buy]. I can’t believe that management has stuck it out. Good for them.”

Freeport-McMoRan: “I’m sick of Freeport-McMoRan. That stock is a roller coaster.”

GXO Logistics: “I don’t like [insider selling]. … But you’ve got a stock that’s at its low. I wish that hadn’t happened. I think the business will ultimately win out. I like GXO Logistics, but I don’t like [insider selling].”

CVS Health: “I just saw they’re going to authorize those new shots. …I think that stock is a buy and a buy and a buy.”

Montauk Renewables: “Turns out they’re from Pennsylvania, and it’s a winner. I agree. I like it.”

Ticker: GOEV, APA, FCX, GXO, CVS, MNTK

(6) [No Video Clip] Jim Cramer examines the wreckage in tech stocks, says there are no more safe-haven areas (https://www.cnbc.com/video/2022/08/31/jim-cramer-examines-the-wreckage-in-tech-stocks-says-there-are-no-more-safe-haven-areas.html)

“Mad Money” host Jim Cramer on Wednesday discussed the tough year for the technology sector, saying that the decline in cybersecurity stocks now means there are “no sanctuaries” remaining.

Other Stocks Discussed (calls with audience): Canada Goose (GOOS) [do not buy], Devon Energy (DVN) [Charitable Trust sold some]

Ref: Links to other sites that relate to episode of August 31, 2022