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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Monday, May 22, 2023. It also contains links to CNBC sites which contain video clips and transcripts.
(1) Market action shows that Wall Street isn’t worried about the debt ceiling, Cramer says (https://www.cnbc.com/2023/05/22/market-action-shows-that-wall-street-isnt-worried-about-the-debt-ceiling-cramer-says.html)
- CNBC’s Jim Cramer said on Monday that Wall Street isn’t as worried about the debt ceiling crisis as you might think.
- “Is it possible the whole debt ceiling standoff is meaningless?” he asked, calling today’s market resilience bizarre in light of Washington’s chaos.
Industries impacted by a potential default: (i) Real Estate, (ii) Financials, (iii) Utilities, (iv) Machinery, (v) Companies that need credit
“Comm. Service sector outperforms led by MATCH, Alphabet, T-Mobile ”
“Staples sector underperformed dragged by Kimberly-Clark, Pepsi, P&G”
(2) [No Video Clip for non-Club Member] Executive Interview: Skyworks Solutions CEO Liam Griffin goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2023/05/22/skyworks-solutions-ceo-liam-griffin-goes-one-on-one-with-jim-cramer.html)
‘Mad Money’ host Jim Cramer sits down with the CEO of Skyworks Solutions Liam Griffin to discuss the state of the semiconductor market, the growth of smart phones, and more.
Ticker: SWKS
(3) Medical device companies are in an ‘emerging bull market,’ Jim Cramer says (https://www.cnbc.com/2023/05/22/medical-device-companies-are-in-an-emerging-bull-market-jim-cramer-says.html)
- CNBC’s Jim Cramer told investors that medical devices are becoming a bull market as non-essential surgeries ramp back up in the wake of the Covid crisis.
- Cramer recommended companies like Inmode, which produces minimally-invasive radio frequency devices primarily used for cosmetic surgery, among several others.
Ticker: INMD [I think a bargain here at less than 13x earnings; I would buy it here] JNJ, ABT [I am a big JNJ fan even if it hasn’t gotten credit for KVUE’s strength], ISRG, SYK , GEHC [bought for charitable trust this last Wedensday, GEHC got a lot more room to run], EW, MDT [struggles for years, but lately its’ showing sings of life]
“Bottom Line: it’s undeniable we’ve got an emerging bull market in medical devices … which is why we own GEHC for the trust, but other names should work too.”
(4) [No Video Clip for non-Club Member] Executive Interview: Sempra CEO Jeffrey Martin sits down with Jim Cramer (https://www.cnbc.com/video/2023/05/22/sempra-ceo-jeffrey-martin-sits-down-with-jim-cramer.html)
‘Mad Money’ host Jim Cramer talks to Sempra CEO Jeffrey Martin to talk the natural gas sector, decarbonizaition, and more.
Ticker: SRE
(5) Cramer’s Lightning Round: FedEx is a buy (https://www.cnbc.com/2023/05/22/cramers-lightning-round-fedex-is-a-buy.html)
- Snap: “They have to monetize their existing user base, but I’ll tell you something: every stock that’s being shorted is going up right now, so I figure Snap goes up 10% and then you got to sell.”
- Organon & Co: “It’s because it has no growth, and if it has no growth then I don’t want to be in it, plain and simple.”
- Daqo New Energy Corp: “I’m not recommending any Chinese stock other than Alibaba, and even there Alibaba reported a very weak quarter last week… I’m going to have to say no on that one, I’m sorry.”″
- Trimble: “I’m going to say sell Trimble.”
- GoDaddy: “I’m not a fan. It’s a very expensive stock that offers very little as proprietary.”
- Unity Software: “I’m going to say buy that one.”
- Plug Power: “I think Plug’s a heavily-shorted stock, it’s about 18% short therefore it should be able to go up another 20% before you have to get rid of it. But I have to tell you, I’ve been sorely disappointed with that company. It’s no longer just a company in the future, it’s a company just doing badly. Bad companies have bad stocks. Period!”
- Parker-Hannifin: “The industrials are going down, but that had the best quarter of any industrial. I would tell you if you own Parker-Hannifin stay on it, if it goes down over the debt ceiling, then I would be pressing the ‘buy, buy, buy’ button.”
- Boston Omaha: “It’s a hodgepodge pastiche of real estate, I got to stay away. There’s just not enough there for me to want to pull the trigger.”
- FedEx: “Listen, FedEx, it’s time to buy. I think the stock is cheap, it should have a great quarter. I want to own the stock of FedEx!”
Ticker: SNAP [will up 10% then you have to sell], OGN [no growth, I do not want to be in it], DQ [I do not recommend any Chinese stock except BABA], TRMB [hurt by GOOGL, sell TRMB], GDDY [not a fan], U [buy that one], PLUG [bad company bad stock], PH [stay in it, if go lower buy buy buy], BOD [I had to stay away], FDX [time to buy, I want to own the share of FDX]
(6) [No Video Clip for non-Club Member] The FTC ‘seems hostile to any mergers these days’, says Jim Cramer (https://www.cnbc.com/video/2023/05/22/the-ftc-seems-hostile-to-any-mergers-these-days-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer breaks down aggressive government oversight when it comes to mergers and what it could mean for the M&A space.
Other Stocks Discussed (calls with audience): Cummins (CMI) [industrials are selling off, economic slowdown hurting industrials], L3 Harris (LHX) [15 times earnings you are fine, it is too cheap], Coterra (CTRA) [CTRA is terrific, I want you to stay in, stay long], Marriot (MAR) [good one I would like you to stay on. Cruise ship is also good], Eli Lilly (LLY) [I took some some profits for trust]
Ref: Links to other sites that relate to episode of May 22, 2023
- Google Podcast (Sound）
- Internet Archive（Video & Texts per minute）
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