Mad Money: Key points from May 23, 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 23, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

       

      (1) In a tumultuous market, target companies that always put the customer first, Cramer says (https://www.cnbc.com/2023/05/23/target-companies-that-always-put-the-customer-first-cramer-says.html)

      • CNBC’s Jim Cramer told investors to focus on companies that make customer service their core philosophy, especially in times of market turmoil.
      • Cramer highlighted Apple as a company that will always be successful because of its customer-first mentality.

      Ticker: AAPL

       

      (2) [No Video Clip for non-Club member] Executive Interview: Jim Cramer goes one-one-one with Carrier CEO David Gitlin (https://www.cnbc.com/video/2023/05/23/jim-cramer-goes-one-one-one-with-carrier-ceo-david-gitlin.html)

      ‘Mad Money’ host Jim Cramer goes one-one-one with Carrier CEO David Gitlin to talk the future of green energy, global growth, and demand in the commercial hardware sector.

      Ticker: CARR

       

      (3) [No Video Clip for non-Club member] Executive Interview: SoFi CEO Anthony Noto sits down with Jim Cramer (https://www.cnbc.com/video/2023/05/23/sofi-ceo-anthony-noto-sits-down-with-jim-cramer.html)

      ‘Mad Money’ host Jim Cramer talks with SoFi CEO Anthony Noto on the banking sector, the future of the financial sector, and the ongoing credit crunch.

      Ticker: SOFI

       

      (4) Executive Interview: Palo Alto Networks CEO calls generative AI a boon for customer satisfaction and company efficiency (https://www.cnbc.com/2023/05/23/palo-alto-networks-ceo-lauds-generative-ai-as-boon-for-efficiency-.html)

      • Palo Alto Networks’ CEO Nikesh Arora exalted the virtues of generative AI in the cybersecurity space, telling CNBC’s Jim Cramer the technology could maximize customer satisfaction and the company’s workflow efficiency.
      • Arora said generative AI has already been able to complete a task in four hours that would have usually taken two weeks and a team of six people.

      Ticker: PANW

       

      (5) Cramer’s Lightning Round: Get rid of Chimera (https://www.cnbc.com/2023/05/23/cramers-lightning-round-get-rid-of-chimera.html)

      • Cleveland-Cliffs: “I would cash that and buy the stock of Nucor. I want you to trade up!”
      • Chimera Investment: “Chimera should be sold. That thing has just been terrible stock for a very long time and will probably remain such.”
      • Newmont: “I like Newmont here. Gold has been through the ringer, and it has come back on the other side, and I think that is a good stock to own.”
      • IonQ, Inc.: I know it’s big you know who’s going to be solving it ahead of everyone, it’s Jensen Huang from Nvidia if that gets hit, I want to buy buy buy because of quantum.
      • Shyft Group: “I am going to suggest you go with GXO over this company, but it’s an interesting [speculative stock].”
      • Oracle: “I think it’s still too high, I think it’s coming down a little because this market’s gotten real ugly. I want to buy it below 90 if possible.”

      Ticker: CLF [trade with NUE], CIM [should be sold], NEM [good stock to own], IONQ [buy NVDA if it gets hit], SHYF [It’s OK], ORCL [still it’s too high]

       

      (6) [No Video Clip for non-Club member] Jim Cramer breaks down how real estate is impacting the stock market (https://www.cnbc.com/video/2023/05/23/jim-cramer-breaks-down-how-real-estate-is-impacting-the-stock-market.html)

      ‘Mad Money’ host Jim Cramer talks the state of commercial real estate and how it’s impacting the stock market.

       

      Other Stocks Discussed (calls with audience):  Walt Disney (DIS) [DIS at $89, we are going to look back, I don’t know how soon, and say I can’t believe I got it then. I can’t believe I got it at $89 how did I get so lucky], Mercado (MELI) [I met those people who ren it and I was blown away. They are only better now], Ford (F) [It’s a big position for Charitable Trust and I only wish I own more]

       

      Ref: Links to other sites that relate to episode of May 23, 2023

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