Mad Money: Key points from January 23, 2023 (Monday) episode

[Jun Kurema (暮眞★潤)]

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Monday, January 23, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

 

(1) Jim Cramer says these 6 ‘positives’ could help lift stocks during earnings season (https://www.cnbc.com/2023/01/23/jim-cramer-says-these-6-positives-could-help-lift-stocks-during-earnings-season.html)

• CNBC’s Jim Cramer highlighted several factors that could help propel stocks higher, even during what could be an ugly earnings season.
  1. More firms are implementing layoffs.
  2. The U.S. dollar and interest rates peaked last fall.
  3. The Federal Reserve could almost be done raising interest rates.
  4. China’s economy is reopening.
  5. The government is poised to spend big on infrastructure.
  6. Analysts are upgrading chip stocks.
• Tuesday kicks off a new earnings season with some of the biggest companies in technology, retail and consumer goods reporting their quarterly financial results.

 

(2) Cramer breaks down why Wayfair stock soared on layoff news (https://www.cnbc.com/video/2023/01/23/cramer-breaks-down-why-wayfair-stock-soared-on-layoff-news.html)

Cramer explained why the online furniture retailer’s stock has skyrocketed in recent days.

Ticker: W [Might be short covering; If you want to bet on a comeback, you could consider WSM or RH]

 

(3) Off-the-Chart: Charts suggest investors should ignore ‘crypto cheerleaders’ and stick with gold, Jim Cramer says (https://www.cnbc.com/2023/01/23/jim-cramer-why-investors-should-ignore-crypto-and-stick-with-gold.html)

• CNBC’s Jim Cramer on Monday warned investors to stay away from crypto despite bitcoin’s recent gains and instead look to gold.
• Bitcoin, the world’s top cryptocurrency, continued to gain on Monday as investors continued to bet that the Federal Reserve will ease its pace of interest rate cuts or stop them altogether.

 

(4) Jim Cramer says there’s a buying opportunity in this pharmaceutical company (https://www.cnbc.com/video/2023/01/23/jim-cramer-says-theres-a-buying-opportunity-in-this-pharmaceutical-company.html)

Cramer gave his take on why investors should consider picking up shares of Eli Lilly.

Ticker: LLY [buying opportunity]

 

(5) Cramer’s lighting round: Teck Resources is a buy (https://www.cnbc.com/2023/01/23/cramers-lighting-round-teck-resources-is-a-buy.html)

• Paysafe Ltd: “It is a good company. … I bless that for a trade to $25.”
• Teck Resources Ltd: “I am going to bless it.”
• R1 RCM Holdco Inc: “I like your choice.”
• Iridium Communications Inc: “I’m not as inclined to buy the stock up here.”

Ticker: PSFE, TECK, RCM, IRDM

 

(6) [No Video Clip] Jim Cramer gives his thoughts on the recent tech layoffs (https://www.cnbc.com/video/2023/01/23/jim-cramer-gives-his-thoughts-on-the-recent-tech-layoffs.html)

Cramer offered his take on what recent layoffs in the tech industry means for the economy.

 

Other Stocks Discussed (calls with audience): Levi Strauss (LEVI) [JPMorgan downgraded and cannot go against], Estee lauder (EL) [+36% in last 3 month, more room to run] , Upstart (UPST)

 

Ref: Links to other sites that relate to episode of January 23, 2023

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

Disclaimer

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