Mad Money: Key points from June 20, 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, June 20, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

       

      (1) Jim Cramer says he’s betting on Ford but still thinks Tesla is a buy (https://www.cnbc.com/2023/06/20/jim-cramer-says-hes-betting-on-ford-but-still-thinks-tesla-is-a-buy.html)

      • While CNBC’s Jim Cramer thinks investors should continue to own Tesla stock, he said he sees more value in Ford and doesn’t believe the two are mutually exclusive.
      • “I think there’s real value here in Ford, more value than is captured by its $14 share price, even with that 4.25% yield,” Cramer said.

      Ticker: F [buy buy buy], ENVD

      “Bottom Line: At these prices, I take Ford over Tesla any day, even though I like both.”

       

      (2) & (3) Executive Interview: Ford CEO says he didn’t really hesitate on the Tesla deal: ‘It’s good for customers’ (https://www.cnbc.com/2023/06/20/ford-ceo-didnt-hesitate-on-the-tesla-deal-its-good-for-customers.html)

      • Ford CEO Jim Farley said he and his team didn’t really hesitate when it came to Ford’s partnership with Tesla because they liked the reliability and locations of the company’s charging network.
      • “I have no problem being opportunistic when it comes to advantaging my customers,” Farley said.

      Ticker: F

       

      (4) [No Video Clip for non-Club Member] ‘Even the Fed doesn’t seem to know what they are going to do next’, says Jim Cramer  (https://www.cnbc.com/video/2023/06/20/even-the-fed-doesnt-seem-to-know-what-they-are-going-to-do-next-says-jim-cramer.html)

      ‘Mad Money’ host Jim Cramer talks the upcoming slate of Federal Reserve officials speaking this week and what may or may not be covered at those events.

      “Bottom Line: FED officials will make Hawkish noises this week & freak Wall Street out … they’ll also likely be contradicting, which is also bad news.”

       

      (5) Cramer’s Lightning Round: Icahn is “too dangerous” (https://www.cnbc.com/2023/06/20/cramers-lightning-round-icahn-is-too-dangerous.html)

      • Luminar Technologies: “That’s very risky, they’re not making any money. You know, I don’t recommend stocks on this show that are losing money, it is too dangerous for me.”
      • Icahn: “Too dangerous, too dangerous for me. It doesn’t matter, it’s too dangerous for me. I want to see more information, I’m not really sure what’s in it. I don’t like that.”
      • Verizon: “No, I think you can hold it, but I don’t like the fact that it yields seven. Strangely enough, I don’t like it because it means it’s maybe a questionable pay out.”

      Ticker: LAZR [not recommend a stock that is losing money],  IEP [too dangerous], VZ [hold, I don’t like the yield of 7%, questionable payout]

       

      (6) [No Video Clip for non-Club Member] Ford CEO Jim Farley: I love cars, cars are my life (https://www.cnbc.com/video/2023/06/20/ford-ceo-jim-farley-i-love-cars-cars-are-my-life.html)

      ‘Mad Money’ host Jim Cramer hits the Ford test track to to talk with CEO Jim Farley on his love of cars and what sets him apart from Elon Musk.

       

      Other Stocks Discussed (calls with audience):

      • how to invest $1000 –> get SP500 index fund for the first 10,000;
      • Planter (PLTR) [you buy, it will go higher];
      • best way for new investors to start in the market –> watch trade on paper until you feel comfortable;
      • is it good time to invest despite fears of a recession –> right now hold back, when comes in start investing

       

      Ref: Links to other sites that relate to episode of June 20, 2023

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