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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, February 1, 2023. It also contains links to CNBC sites which contain video clips and transcripts.
(1) Jim Cramer says investors need to have conviction and take advantage of ‘mistaken selling’ (https://www.cnbc.com/2023/02/01/jim-cramer-says-investors-need-to-have-conviction-and-take-advantage-of-mistaken-selling.html)
- CNBC’s Jim Cramer advised investors to block out the market bears, and use their missteps to bolster their own portfolios.
- Stocks rose on Wednesday after Federal Reserve Chair Jerome Powell said in a press conference following the central bank’s February meeting that inflation has started to cool down.
(2) Thermo Fisher Scientific CEO on 2023 outlook for business in China (https://www.cnbc.com/video/2023/02/01/thermo-fisher-scientific-ceo-on-2023-outlook-for-business-in-china.html)
Cramer spoke with Thermo Fisher Scientific CEO Marc Casper on Wednesday.
Ticker: TMO
(3) Executive Interview: Otis Worldwide CEO says the company doesn’t see a recession in Europe (https://www.cnbc.com/video/2023/02/01/otis-worldwide-ceo-says-the-company-doesnt-see-a-recession-in-europe.html)
Cramer spoke with Otis Worldwide CEO Judy Marks on Wednesday.
Ticker: OTIS
(4) Executive Interview: Brinker International CEO on consumer demand (https://www.cnbc.com/video/2023/02/01/brinker-international-ceo-on-consumer-demand.html)
Cramer spoke with Brinker International CEO Kevin Hochman on Wednesday.
Ticker: EAT
(5) Cramer’s lightning round: I want to own Sherwin-Williams (https://www.cnbc.com/2023/02/01/cramers-lightning-round-i-want-to-own-sherwin-williams.html)
- Sherwin-Williams Co: “I want to own it. I’ll tell you why. Everything that they could possibly say negative about it is out there. I want to come out with a more positive thesis.”
- XPO Inc: “Let’s wait for it to come down a little.”
- Upstart Holdings Inc: “Right now, this is a coiled spring, even though it’s not doing well. … That’s not my style.”
- Loandepot Inc: “I’d rather own Wells Fargo.”
- Lucid Group Inc: “General Motors. … I’ve got to tell you, that stock is going higher.”
- Charles River Laboratories International Inc: “This stock is undervalued. … I think that it’s coming back.”
- SoFi Technologies Inc: “It was a good quarter, and it’s going higher.”
Ticker: SHW, XPO, UPST, LDI, LCID, CRL, SOFI
(6) [No Video Clip] Jim Cramer on how AMD was able to work through its chip inventory glut (https://www.cnbc.com/video/2023/02/01/jim-cramer-on-how-amd-was-able-to-work-through-its-chip-inventory-glut.html)
Cramer offered his thoughts on what AMD’s most recent quarterly results reveal about the inventory cycle more broadly.
Other Stocks Discussed (calls with audience): Textron (TXT) [stock is inexpensive, broke negative pattern], CVS Health (CVS) [decline for 2 reasons: too much sales during COVID, labor shortage]
Ref: Links to other sites that relate to episode of February 1, 2023
- Google Podcast (Sound）
- Internet Archive（Video & Texts per minute）
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