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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, June 13, 2023. It also contains links to CNBC sites which contain video clips and transcripts.
(1) As the market rallies outside of tech and inflation cools, Cramer says it may be too late for some to get in on the action (https://www.cnbc.com/2023/06/13/jim-cramer-says-it-may-be-too-late-for-some-to-get-in-on-the-action.html)
- CNBC’s Jim Cramer spoke to investors on Tuesday about the market’s rally outside the tech sphere, as well as the morning’s soft consumer price index report, noting that it might be too late for some to get in on this newer broadening market action.
- To Cramer, Tuesday was a “jailbreak,” with many leaving Treasurys behind to get back in the market, and others seeking to move money from tech to new, fast-growing stock.
(2) & (3) Cramer expects Cava to roar when it goes public, but warns investors to tread carefully (https://www.cnbc.com/2023/06/13/cramer-expects-cava-to-roar-in-ipo-warns-investors-to-tread-carefully.html)
- CNBC’s Jim Cramer told investors to tread carefully when it comes to Cava, the fast-casual Mediterranean restaurant chain that’s expected to go public this week.
- Cava raised its valuation on Monday from $2.12 billion to $2.23 billion, with shares priced between about $17 and $19 apiece.
Ticker: CAVA, SG, SHAK, CMG
“Bottom Line: I expect that CAVA could surge in its IPO but more on that coming up.”
“Bottom Line: I like CAVA the business, but I’m wary of paying too much for CAVA the stock.”
(4) [No Video Clip for non-Club Member] Off-the-CHart: The S&P 500 breaking its August high triggered a rare bullish signal, says Jim Cramer (https://www.cnbc.com/video/2023/06/13/the-sp-500-breaking-its-august-high-triggered-a-rare-bullish-signal-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer goes Off the Charts with the S&P 500 and takes a look at the work of Jessica Inskip, OptionsPlay director.
(5) Cramer’s Lightning Round: PayPal is “too cut-throat” (https://www.cnbc.com/2023/06/13/cramers-lightning-round-paypal-is-too-cut-throat.html)
- Hubbell: “Oh, what a great company, what a great company. Right in the sweet spot of just nuts and bolts electronics. Great call.”
- PayPal: “There’s too much competition in PayPal, it’s just too cut-throat. Too many companies in that same space.”
- Viasat: “Viasat’s good. If you like aerospace, may I suggest that you buy Honeywell. I think Honeywell is a cheaper and great way to play aerospace and make the cockpit, owned by the [CNBC Charitable Trust].”
- Biohaven: “I like what Vlad Coric is doing there. I think he’s doing a lot of different, very special things.”
- Johnson & Johnson: “There is a very big case in California, and if it goes against J&J, J&J is going to get hit, this is on talc. And so therefore, I’m going to tell people, ’why don’t you wait to see the results of that case before you buy anymore stock. We do own it, we do have a position for the Charitable Trust.”
- Advance Auto Parts: “I don’t like Advance Auto Parts, I like AutoZone. That’s a much better run company, AZO. That’s the one you want to be in.”
- C3.AI: “Look, I’ll tell you what’s going on there, ok. Tom Siebel is an old friend, he’s a terrific guy, but the stock is big short squeeze. I don’t want to get caught up in the short squeeze, that’s a dangerous thing.”
Ticker: HUBB [great company], PYPYL [too much competition], VSAT [buy HON], BHVN, RIG [HAL is the best], JNJ [wait for the result before any buy, owned by the trust], AAP [AZO is better], AI [short squeeze]
(6) [No Video Clip for non-Club Member]It’s only a matter of time until A.I. is used to fool people constantly, says Jim Cramer (https://www.cnbc.com/video/2023/06/13/its-only-a-matter-of-time-until-ai-is-used-to-fool-people-constantly-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer talks his concerns around A.I. and the future of the tech.
Other Stocks Discussed (calls with audience): Alphabet (GOOGL) [I still like GOOGL, charitable trust owns it], EBay (EBAY) [No growth means no buy, money loser means no buy], Exxon (XOM] [good stiller company, you need to buy when the price comes in], Canada Goose (GOOS) [just buy LULU], Conagra Brands (CAG) [ I like CAG]
Ref: Links to other sites that relate to episode of June 13, 2023
- Google Podcast (Sound）
- Internet Archive（Video & Texts per minute）
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