Mad Money: Key points from March 22, 2023 (Wednesday) episode

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2023-03-24 at 10:18 AM #6868

Keymaster

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, March 22, 2023. It also contains links to CNBC sites which contain video clips and transcripts.

(1) Yellen’s comments rattled the market, not the Fed rate hike, Jim Cramer says (https://www.cnbc.com/2023/03/22/jim-cramer-yellens-comments-rattled-the-market-not-the-fed-rate-hike.html)

CNBC’s Jim Cramer on Wednesday said that the market got distracted by Janet Yellen’s remarks on bank failures rather than focusing on the stability reflected in the Fed rate hike.uring Fed Chair Jerome Powell’s press conference, the market whipsawed before falling in response to Yellen’s comments, according to Cramer.

(1)’ Recent bank runs make Fed less worried about future inflation (https://www.cnbc.com/video/2023/03/22/recent-bank-runs-make-fed-less-worried-about-future-inflation.html)

Mad Money host Jim Cramer discusses today’s rate hike and the impact the banking situation has had on the Federal Reserve’s decision-making process.

(2) [No Video Clip for non-club members] Office real estate is the other black hole of value destruction in the economy, Cramer say (https://www.cnbc.com/video/2023/03/22/office-real-estate-is-the-other-black-hole-of-value-destruction-in-the-economy-cramer-say.html)

Mad Money host Jim Cramer looks at office real estate, which he’s been warning investors away from for months. Remote work is here to say, he says, and that means a lot less demand for office space.

Reading into the Office REIT

GSL Green Realty Corp	Vornado Realty Trust
Net Debt/EBITDA: 13.0x Exposure to N Market: 100% Exposure to Retail Sector: 4%	Net Debt/EBITDA: 9.6x Exposure to NY Market: 86% Exposure to Retail Sector: 14%

“Bottom Line: Even if the Banks stabilize, we have to reckon w/the issue in office REITs.”

(3) [No Video Clip for non-club members] Off-the-Chart: It’s hard to believe the Fed can aggressively fight inflation while worrying about bank runs (https://www.cnbc.com/video/2023/03/22/its-hard-to-believe-the-fed-can-aggressively-fight-inflation-while-worrying-about-bank-runs.html)

Mad Money host Jim Cramer goes to the charts of Larry Williams, the legendary technician and market historian who’s been a top expert in the technicals since the 60s.

Ticker: COST, WMT,

(4) Executive Interview: Cramer thinks On Holding is one of the best growth stories out there and here’s why (https://www.cnbc.com/video/2023/03/22/cramer-thinks-on-holding-is-one-of-the-best-growth-stories-out-there-and-heres-why.html)

Mad Money host Jim Cramer talks to On Holding co-CEOs Martin Hoffman and Marc Maurer about the footwear company’s growth and very bullish forecast for both the current quarter and the full year.

(5) Lightning Round: Reliance is good, Nucor’s better (https://www.cnbc.com/video/2023/03/22/lightning-round-reliance-is-good-nucors-better.html)

Mad Money host Jim Cramer weighs in on all manner of stocks, including Reliance Steel, Taiwan Semi, World Wrestling Entertainment, Blackstone, Prudential Financial, Catalent and Amazon.

Ticker: RS [RS is good, NUE is better], TSM [I like the company, but AMD and ENVD are the company we would like to own], WWE [we like Draft Kings], BX [I like that], PRU [I am not recommending], CTLT [Danaher is a charitable trust name, CTLT is nothing bad announcement], AMZN [I like AMZN]

(6) [No Video Clip for non-club members] Here’s why Cramer’s obsessed with Nvidia and its CEO, Jensen Huang (https://www.cnbc.com/video/2023/03/22/heres-why-cramers-obsessed-with-nvidia-and-its-ceo-jensen-huang.html)

Mad Money host Jim Cramer explains why he’s so obsessed with Jensen Huang and his company Nvidia. He likes the company so much, in fact, he named his late stray mutt after it.

Other Stocks Discussed (calls with audience): Energy Transfer LP (ET) [I prefers Enterprise Products Partners], hospitality industry [stocks like ABNB, Marriot are all goods to go], Portillo’s Inc. (PTLO) [You are dealing with sellers; The stock is going higher], Chipotle Mexican Grill (CMG) [The stock will go higher; Its’ best of the best.]

Ref: Links to other sites that relate to episode of March 22, 2023