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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, May 31, 2023. It also contains links to CNBC sites which contain video clips and transcripts.
(1) Jim Cramer says the Fed needs to slow down before making a rash decision (https://www.cnbc.com/2023/05/31/jim-cramer-says-the-fed-needs-to-slow-down-before-making-a-decision.html)
- CNBC’s Jim Cramer told investors on Wednesday that the Federal Reserve needs to calm down before it makes a rash decision about rate hikes that could make the market even worse.
“Evidence of a slowdown?
- Significant decline in commodity prices
- Starting to see a breakdown in retail earnings and forecasts
- New data from Advanced Auto Parts (AAP) pointing to a slowdown in the auto industry
- Some areas of inflation like food prices are heading lower
- Stricker lending standards from banks due to regional bank fallout
- Significant slowdown in the Chinese economy
- Rolling firing in the tech and finance industries”
(2) [No Video Clip for non-Club Member] Executive Interview: New Fortress Energy CEO Wes Edens sits down with Jim Cramer (https://www.cnbc.com/video/2023/05/31/new-fortress-energy-ceo-wes-edens-sits-down-with-jim-cramer.html)
New Fortress Energy CEO Wes Edens joins ‘Mad Money’ host Jim Cramer to discuss energy accessibility, hydrogen power and more.
Ticker: NFE
(3) [No Video Clip for non-Club Member] Executive Interview: Applied Materials CEO Gary Dickerson goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2023/05/31/applied-materials-ceo-gary-dickerson-goes-one-on-one-with-jim-cramer.html)
Applied Materials CEO Gary Dickerson speaks with ‘Mad Money’ host Jim Cramer on the semiconductor space, the compnay’s Q2 revenue beat and more.
Ticker: AMAT
(4) Executive Interview: Salesforce CEO Marc Benioff says new A.I.-enhanced products will be a ‘revelation’ (https://www.cnbc.com/2023/05/31/salesforce-ceo-marc-benioff-says-new-ai-enhanced-products-will-be-a-revelation.html)
- Salesforce CEO Marc Benioff told CNBC’s Jim Cramer on Wednesday that artificial intelligence is one of the cloud software company’s biggest assets.
- Salesforce announced earlier in May that it plans to add a whole host of generative AI features to its messaging platform Slack.
Ticker: CRM
(5) Cramer’s Lightning Round: Novavax is a no-go (https://www.cnbc.com/2023/05/31/cramers-lightning-round-novavax-is-a-no-go.html)
- Jazz Pharmaceuticals: “This is the kind of stock right now that there will be no bottom for. And it’s a shame, because it’s a great growth company, I’d put some in here, and then wait maybe 10% and buy more, which is what I do with the charitable trust. That’s exactly what we’re telling members of the Investing Club.”
- ON Semiconductor: “ON Semi is doing incredibly well. You know, we happened to have ON just a couple of weeks ago. They are lighting the place up, I like that call.”
- Novavax: “You’ve got to sell that one, that one’s a no-go. I was hoping you’d say Moderna, I could get my arms around Moderna, but not Novavax, I don’t trust them.”
- Golar LNG: “I’m going to tell you to sell that.. If you want to be in that area, forget that little dividend, go buy New Fortress Energy, NFE, that’s the move for you, and I think you’ll like it.”
- Tyson Foods: “Absolutely not. Absolutely not. One of the worst stocks in the S&P 500.”
Ticker: JAZZ [this is a kind of stock that there will be no bottom for], ON [they are lightning the place up], NVAX [You have to sell], GLNG [sell that, buy NFE], TSN [Absolutely not]
(6) [No Video Clip for non-Club Member] Nvidia will be one of the few A.I. winners, says Jim Cramer (https://www.cnbc.com/video/2023/05/31/nvidia-will-be-one-of-the-few-ai-winners-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer gives his perspective on why he thinks Nvidia will be a winner in the A.I. space, but one of only a handful.
Ticker: NVDA
Other Stocks Discussed (calls with audience): Devon Energy (DVN) [I don’t like oil], United Airline (UAL) [get started small and get built], Enphase (ENPH) [too low, to time to buy, small] , Macy’s (M) [still goes down]
Ref: Links to other sites that relate to episode of May 31, 2023
- Google Podcast (Sound）
- Internet Archive（Video & Texts per minute）
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