Mad Money: Key points from September 16, 2022 (Friday) episode

[Jun Kurema (暮眞★潤)]

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Friday, September 16, 2022.  It also contains links to CNBC sites which contain video clips and transcripts.

 

(1) Cramer’s week ahead: FedEx’s warning shows the Fed is further along in fighting inflation than expected (https://www.cnbc.com/2022/09/16/cramers-week-ahead-how-powell-the-fed-may-react-to-fedexs-warning.html)

• CNBC’s Jim Cramer on Friday said that FedEx’s warning of worsening economic conditions suggests the Federal Reserve is doing better in its inflation effort than expected.
• The “Mad Money” host’s comments came after FedEx, a bellwether company for the state of the economy, warned on Thursday of a decline in global shipments and an impending world recession.

 

(2) Executive interview: Home Depot’s customers have been resilient despite economic headwinds, CEO says (https://www.cnbc.com/2022/09/16/home-depots-customers-have-been-resilient-despite-economic-headwinds-ceo-says.html)

• Home Depot’s business has remained strong even as turbulent economic conditions pinch consumers’ wallets, CEO Ted Decker told CNBC’s Jim Cramer on Friday.
• “Our consumer, our customer, pro and DIY have been resilient,” Decker said.

Ticker: HD

 

(3) [No Video Clip] Am I Diversified? 

• Tesla (TSLA), AbbVie (ABBV), Prologis (PLD), Northrop Grumman Corporation (NOC), Berkshire Hathaway (BRK-B) –> Diversified, but Cramer prefers Lockheed Martin Corporation (LMT) to NOC
• Nike (NIK), PayPal (PYPL), Meta Platform (META), Amazon (AMZN), Ford (F) –> not great but ok
• Alphabet (GOOGL), Occidental Petroleum Corporation (OXY), Merck & Co.(MRK), Pioneer Natural Resources (PXD), Nvidia (NVDA) –> Sell OXY and add LMT
• Amazon (AMZN), Apple (AAPL), Devon Energy (DVN), AbbVie (ABBV), Blackstone (BX) –> Cramer is worried that AMZN and APPL trade together

 

(4) Executive Interview: Amazon sustainability VP discusses The Climate Pledge (https://www.cnbc.com/video/2022/09/16/amazon-sustainability-vp-discusses-the-climate-pledge.html)

CNBC’s Jim Cramer spoke with Kara Hurst, vice president of worldwide sustainability at Amazon, on Friday’s episode of “Mad Money.”

Ticker: AMZN

 

(5) Cramer’s lightning round: I don’t want to own Nikola (https://www.cnbc.com/2022/09/16/cramers-lightning-round-i-dont-want-to-own-nikola.html)

• Albemarle Corp: “I suggest that you wait for it to come down a little, but I do like the situation very much.”
• Nikola Corp: “I think that stock is lethal, frankly. … I don’t want to own it.”
• ICL Group Ltd: “I like this company.”
• Cheniere Energy Inc: “I don’t think it’s too late. I think Cheniere can still go higher.”

Ticker: ALB, NKLA, ICL, LNG

 

(6) [No Video Clip] Jim Cramer gives his take on Procter & Gamble (https://www.cnbc.com/video/2022/09/16/jim-cramer-gives-his-take-on-procter-gamble.html)

The “Mad Money” host explained why investors should be eyeing shares of Procter & Gamble on Friday’s episode of the show.

Ticker: PG [Charitable trust bought some today]

 

Other Stocks Discussed (calls with audience): Microsoft (MSFT) [Not time to buy]

 

Ref: Links to other sites that relate to episode of September 16, 2022

• Google Podcast (Sound）
• Internet Archive（Video & Texts per minute）

Disclaimer

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