Mad Money: Key points from May 17, 2023 (Wednesday) Episode

[Jun Kurema (暮眞★潤)]

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, May 17, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

 

(1) With a debt ceiling deal on the horizon, Jim Cramer says stay invested, but keep cash in reserve to buy into weakness (https://www.cnbc.com/2023/05/17/jim-cramer-says-stay-invested-but-keep-reserve-cash-to-buy-into-weakness.html)

• CNBC’s Jim Cramer offered advice on staying ahead of the curve while a breakthrough in the debt-ceiling crisis remains unpredictable.
• “The answer to all of these issues is hidden in plain sight, like Poe’s purloined letter,” Cramer said, adding that people should keep their investments while setting aside cash to buy into weakness.

How to overcome the challenges of investing:

• Realize where you are positioned vs. the crowd
• Avoid becoming too negative to miss out on new ideas
• Don’t get discouraged by the sentiment of billionaires
• Don’t fret over  the market – it always gives you opportunities

Ticker: HD, TGT, TJX

 

(2) [No Video Clip or non-Club Member] Executive Interview: Onsemi CEO Hassane El-Khoury goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2023/05/17/onsemi-ceo-hassane-el-khoury-goes-one-on-one-with-jim-cramer.html)

‘Mad Money’ host Jim Cramer sits down with Onsemi CEO Hassane El-Khoury to discuss quarterly results, stock performance, and the state of the semiconductor industry.

Ticker: ON

 

(3) [No Video Clip or non-Club Member] Russia’s invasion of Ukraine will be a multi-year tailwind for U.S. defense contractors, says Jim Cramer (https://www.cnbc.com/video/2023/05/17/russias-invasion-of-ukraine-will-be-a-multi-year-tailwind-for-us-defense-contractors-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer talks upcoming headwinds and tailwinds for U.S. defense contractors and how geopolitics will play into it.

	NOC	LMT	RTX	GD	HII
2011 peak-trough performance	-30%	-20%	-28%	-31%	-47%
2011 trough to year end	19%	22%	26%	23%	38%
2012 to 2014 performance	152%	138%	124%	107%	260%

“Bottom Line: If 2011’s any guide, things could get tough for defense stocks .. If the defense contractors comes down, their stocks could be worth buying”

 

(4) [No Video Clip or non-Club Member] Executive Interview: Cisco CEO Chuck Robbins sits down with Jim Cramer to discuss quarterly results (https://www.cnbc.com/video/2023/05/17/cisco-ceo-chuck-robbins-sits-down-with-jim-cramer-to-discuss-quarterly-results.html)

Cisco Chair and CEO Chuck Robbins sits down with ‘Mad Money’ host Jim Cramer to discuss quarterly results and the companies path going forward.

Ticker: CSCO

 

(5) Cramer’s Lightning Round: Tesla is a buy (https://www.cnbc.com/2023/05/17/cramers-lightning-round-tesla-is-a-buy.html)

• Tesla: “I would say absolutely, yes, I would add Tesla.”
• Magellan Midstream Partners: “I say, take the money and stock and run!”
• Lantheus Holdings: “You know, I love these medical device companies. The answer is yes, and I know it’s run a lot, but when you get them in the sweet spot like that, they’re not going to be done.”
• Himax Technologies: “The only problem is in Taiwan. I don’t want the risk. Look, I listen to Elon Musk last night, and I’m going to be addressing the question about what happens to Taiwan, but I don’t need that headache on top of the headache of owning semiconductor stock that just advanced too much.”
• STEM: “STEM, they blew it. Listen, they just blew it. They did not deliver, and that’s what happens periodically, and it’s such a bummer, and I am sorry.”

Ticker: TSLA [buy buy buy], MMP [take the money and stock and run], LNTH [buy buy buy], HIMX [problem in Taiwan], STEM

 

(6) [No Video Clip or non-Club Member] Jim Cramer discusses how international politics can impact your portfolio (https://www.cnbc.com/video/2023/05/17/jim-cramer-discusses-how-international-politics-can-impact-your-portfolio.html)

‘Mad Money’ host Jim Cramer discusses risk involved with Taiwan-based companies and how geopolitics can impact your stock portfolio.

 

Other Stocks Discussed (calls with audience): Rocket Lab’s (RKLB) [I prefer RTX], Boeing (BA) [it already encompass the demand, the problem is supply, things is getting better, we prefer HON]

 

Ref: Links to other sites that relate to episode of May 17, 2023

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

Disclaimer

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