Mad Money: Key points from May 2, 2023 (Tuesday) Episode

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      This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, May 2, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

       

      (1) Investors all face the same four hurdles right now, Jim Cramer says (https://www.cnbc.com/2023/05/02/jim-cramer-investors-face-the-same-four-hurdles-right-now.html)

      • Upcoming investing hurdles, including Wednesday’s Fed meeting and Apple’s forthcoming earnings report, must be traversed to see a payoff, Jim Cramer said.
      • “If it were just one hurdle, we’d be fine,” Cramer explained. “But with four of them, everybody suddenly wants to sell in May and go away.”

      “4 hurdles this market faces:

      • Tomorrow’s FED meeting
      • Apple earrings
      • Employment report
      • Debt ceiling”

       

      (2) [No Video Clip for non-Club Member] Executive Interview :Restaurant Brands International CEO Patrick Doyle goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2023/05/02/restaurant-brands-international-ceo-patrick-doyle-goes-one-on-one-with-jim-cramer.html)

      ‘Mad Money’ host Jim Cramer talks Tim Hortons, Burger King, and macro economic headwinds with Restaurant Brands International CEO Patrick Doyle.

      Ticker: QSR

       

      (3) [No Video Clip for non-Club Member] 25 basis point rate hike from the Fed is the right move, says Jim Cramer (https://www.cnbc.com/video/2023/05/02/a-25-basis-point-rate-hike-from-the-fed-is-the-right-move-says-jim-cramer.html)

      ‘Mad Money’ host Jim Cramer talks the Federal Reserve’s next move and compares Jerome Powell to his predecessors as the U.S. continues to battle historic inflation.

       

      (4) [No Video Clip for non-Club Member] Executive Interview: Logitech CEO Bracken Darrell sits down with Jim Cramer to talk quarterly earnings (https://www.cnbc.com/video/2023/05/02/logitech-ceo-bracken-darrell-sits-down-with-jim-cramer-to-talk-quarterly-earnings.html)

      ‘Mad Money’ host Jim Cramer sits down with Logitech CEO Bracken Darrell to talk the PC market, the gaming sector, operating expenses, and his perspective on the company’s future.

      Ticker: LOGI

       

      (5) Lightning Round: SoFi is no different than any of the regional banks (https://www.cnbc.com/video/2023/05/02/lightning-round-sofi-is-no-different-than-any-of-the-regional-banks.html)

      Mad Money’ host Jim Cramer weighs in on stocks including: StoneCo, Sprouts Farmers Market, United Rentals, Fisker, Marvell Technology, SoFi, and Bloom Energy.

      Ticker: STNE [I can do without it in these high], SFM [let it run, I would stay long], URI [quarter was not great, I was surprised of the weakness], FSR [not recommending any companies that are losing money], MRVL [I do not expect to go up], SOFI [it is not different with other regional banks, and trading with those cohort], BE [not make money, charitable trust owns Linde]

       

      (6) [No Video Clip for non-Club Member] Jim Cramer breaks down what is weighing on the stock market (https://www.cnbc.com/video/2023/05/02/jim-cramer-breaks-down-what-is-weighing-on-the-stock-market.html)

      ‘Mad Money’ host Jim Cramer breaks down what is weighing on the markets including: trouble in the banking sector, oil prices, and the rise of A.I.

       

      Other Stocks Discussed (calls with audience): Cisco (CSCO) [Stock is kind of stuck], General Motors (GM) [It was a terrific quarter, but people are worried about internal combustion engine sales going down and competition in EV], Deere (DE) [I like DE, buy some more], Key Corp (KEY) [right now it regional banks are trade together, we do not want to own regional bank, too late to sell], Raytheon Technology (RTX) [worried defense budget might be cut]

       

      Ref: Links to other sites that relate to episode of May 2, 2023

      Disclaimer

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