Mad Money: Key points from July 12, 2023 (Wednesday) Episode

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2023-07-13 at 11:16 AM #7153

Keymaster

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, July 12, 2023. It also contains links to CNBC sites which contain video clips and transcripts.

(1) Even with inflation cooling, Jim Cramer says the Fed has no choice but to keep tightening (https://www.cnbc.com/2023/07/12/jim-cramer-says-the-fed-has-no-choice-but-to-keep-tightening.html)

CNBC’s Jim Cramer said Wednesday he doesn’t believe the Federal Reserve is finished tightening.

“Unfortunately, even with inflation cooling, the Fed has no choice but to keep tightening, if only to offset the tidal wave of inflation caused by all the government spending that’s about to steamroll this economy,” Cramer said.

Cramer said he’s worried more and more jobs will be created without enough trained workers to fill them, especially in factories.

Why we’re not out of the Woods quite yet

“Going in the right direction” is not what will cause the Fed to stop
Housing data is not in the CPI
We need to stop confusing any given index with the tight labor market that makes inflation so intractable

“Bottom Line: Even with inflation cooling, I think the FED has to keep tightening.”

(2) [No Video Clip for non-Club Member] Executive Interview: Sprinklr CEO Ragy Thomas sits down with Jim Cramer (https://www.cnbc.com/video/2023/07/12/sprinklr-ceo-ragy-thomas-sits-down-with-jim-cramer.html)

‘Mad Money’ host Jim Cramer sits down with Sprinklr Founder and CEO Ragy Thomas to talk its 2-year IPO anniversary, the future of the company, and more.

Ticker: CXM

(3) [No Video Clip for non-Club Member] Jim Cramer breaks down which companies will benefit from the Inflation Reduction Act (https://www.cnbc.com/video/2023/07/12/jim-cramer-breaks-down-which-companies-will-benefit-from-the-inflation-reduction-act.html)

‘Mad Money’ host Jim Cramer takes a look at which stocks will likely see a boost due to government spending in the Inflation Reduction Act.

Inflation Reduction Act (IRA) — What’s in it?

Invests in climate change & energy security priorities
Extends federal subsidies for the Affordable Care Act
Allow Medicare to renegotiate drug prices
Tax Code Reforms
$369B of climate-related initiatives

IRA Key beneficiaries — Solar (Enphase, First Solar, Generac), Electric Vehicles (Eligible for Tax Credit: F) & (Non eligible for Tax credit: TSLA, GE),

IRA Key beneficiaries: Alternative energy tax credits & Dept. of Energy loans — Nuclear Energy (Constellation, era Energy, GE, Southern Company), Hydrogen Energy (Linde which is owned by charitable trust, Cummins), Carbon Capture (Denbury, Enbridge)

“Bottom Line: As the IRA subsidies kick in, I think the highest quality alternative energy plays will get a huge tailwind.”

(4) [No Video Clip for non-Club Member] Docusign CEO Allan Thygesen goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2023/07/12/docusign-ceo-allan-thygesen-goes-one-on-one-with-jim-cramer.html)

Docusign CEO Allan Thygesen joins ‘Mad Money’ host Jim Cramer to talk Docusign’s A.I. integration, the future of the company and more.

Ticker: DOCU

(5) Cramer’s Lightning Round: Duke Energy is “very solid” (https://www.cnbc.com/2023/07/12/cramers-lightning-round-duke-energy-is-very-solid.html)

International Paper: “What a tough business. My dad sold craft paper for a living. I got to tell you, I see and feel the pain of the people with IP, because they do a great job, but I’ve decided I can’t recommend that stock because I couldn’t take it when my father would come home at night and have that glass of Wild Turkey and go into his bedroom and say, ‘I didn’t sell a lot of craft paper today.’”

Paramount: “The only way this thing can be saved is if it gets taken over. Now, Lina Kahn, FTC head, just got a terrible defeat on this activism blizzard. Now I don’t know what the justice department would say about it, but I got to tell you, Paramount’s great hope is that she keeps losing.”

Clean Harbors: “Clean Harbors, believe it or not, is still not expensive, even right here… You put on some here, and then you wait five points down, and you put a little more on. You buy down in scale, I don’t want you to buy it all at once because the stock’s had too big a move. But you’re right, it is a good company, and it can be bought.”

Duke Energy: “Duke is very solid. Duke’s got no flies on it, I’m ok with Duke. I was afraid you were going to say Dominion, which I am very concerned about…”

C3.AI: “I like Tom Siebel very much, but I was regretting that I didn’t put this in the top of yesterday’s shoe because it is so heavily shorted, it is a short squeeze at this point, it is not making any money, and I don’t recommend companies that are not making money on Mad Money.”

Ares Capital: “I know the reputation, and the reputation is absolutely terrific, and I know the yield is big, but I don’t know what they own enough to be able to say, ‘buy, buy, buy.’”

Ticker: IP, PARA, CLH, DUK, AI, ARCC,

(6) [No Video Clip for non-Club Member] Money managment is an art not a science, says Jim Cramer (https://www.cnbc.com/video/2023/07/12/money-managment-is-an-art-not-a-science-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer puts on his chef hat to tell you how the money gets made in portfolios, the secret sauce for investing and more.

Other Stocks Discussed (Call with Listeners): Newell Brands (NWL) [I don’t care for the company, but better than a year ago], Xponential Fitness (XPOF), Lockheed Martin (LMT) [buy buy buy] , Moderna (MRNA) [stick with it, I am a believer], Novo Nordisk (NVO) [I am worried about, LLY which is held by charitable trust has so much money and open facility, LLY is buy buy buy]

Ref: Links to other sites that relate to episode of July 12, 2023