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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Monday, July 4, 2023. It also contains links to CNBC sites which contain video clips and transcripts.
(１) Cramer says keep it simple and wait for prices to drop (https://www.cnbc.com/2023/07/24/cramer-says-keep-it-simple-and-wait-for-prices-to-drop.html)
- Cramer urged investors to be patient and wait for a swoon in a company’s stock price before buying.
- “I think this is a matter of keeping it simple, stupid,” Cramer said.
Finding the next winner:
Adobe (ADBE), Salesforce (CRM), ServiceNow (NOW);
Palo Alto Network (PANW), Shopify (SHOP), MongoDB (MDB)Searching for the next winner:
Lennar (LEN), D.R. Horton (DHI), Toll Brothers (TOL);
Eli Lilly (LLY), Caterpillar (CAT), PepsiCo (PEP), Boeing (BA), American Express (AXP);
Chevron (CVX), Bausch Health (BHC), JPMorgan (JPM), Wells Fargo (WFC)Are we overbought going into the report date? –> yes
–> You missed your chance
–> wait for a swoon
(2) Interview: Former CFTC chair talks future of stablecoins: We’re not addressing the risks (https://www.cnbc.com/2023/07/24/former-ctftc-chair-talks-stablecoins-were-not-addressing-the-risks.html)
- Former chair of the Commodity Futures Trading Commission, Timothy Massad, advocated for new stablecoin regulations.
- Stablecoin is a kind of crypto token meant to be backed by real assets. For example, one stablecoin would be equivalent to $1.
(3) [No Video Clip for non-Club Members] Bank stocks are more attractive after reporting earnings, says Jim Cramer (https://www.cnbc.com/video/2023/07/24/bank-stocks-are-more-attractive-after-reporting-earnings-says-jim-cramer.html)
= Key takeaways from big bank earnings=
Big Move Higher in the Last Week: Western Alliance (WAL), PacWest Bankcorp (PACW) <– WAL and PACW were two of the hardest hit stocks during the bank crisis
Banks that Reported “Good Enough” Quarters: Citizens (CFG), Bank OZK (OZK)
Super Regional Banks: <Strong overall report> M&T Bank;
<Solid Results but talked down outlooks for remainder of 2023> U.S. Bancorp (USB), PNC Financial (PNC), KeyCorp (KEY), Huntington Bancshares (HBAN)Bank that reported as big miss: Truist Financial (TFC) [cannot recommend it]
Cramer Fave: Charles Schwab (SCHW)
“Bottom Line: The Banks earnings were good enough given the low expectations .. I think the bank stocks are becoming more attractive.”
(4) Interview: DOJ antitrust chief on merger guidelines: ‘Businesses want the opportunity to compete’ (https://www.cnbc.com/2023/07/24/doj-antitrust-chief-businesses-want-the-opportunity-to-compete.html)
- U.S. Assistant Attorney General Jonathan Kanter of the DOJ antitrust division told CNBC’s Jim Cramer the government’s latest merger guidelines are meant to promote healthy competition among businesses and allow new companies to be built from the ground up.
- “We don’t want to pick winners and losers, we simply want to give businesses the opportunity,” Kanter said.
(5) Cramer’s Lightning Round: Walk away from AT&T (https://www.cnbc.com/2023/07/24/cramers-lightning-round-walk-away-from-att.html)
- Seres Therapeutics: “Because the stock is losing money hand over fist, and while I did introduce it and wrote an article about it several times when it came public, I have to admit that I am mystified by why it’s not doing better, despite the fact that it has something interesting. And the answer is I do not think the company is all that well-run.”
- AT&T: “Walk away from it. That company is as poorly managed as any company I’ve ever seen in my lifetime.”
- Centrus Energy: “I’m not a believer in Uranium. I’m not a believer in Uranium because I still think that the stench of Three Mile Island and even what happened in, with Southern, is going to make it so anything is going to change. I do not want to be associated with Uranium because I just don’t think it has any staying power given the fact that we’re all scared of nuclear power even though we shouldn’t be.”
- Genius Sports: “I’ve looked into this thing, and I’ve only been recommending Draft Kings because I want companies that make money now. When that company turns a profit, I’m willing to look at it, even if it might be higher than it is. Losing too much money.”
- Enovix: “How about the fact that it’s losing money hand over fist. I mean, you see, one of these things that I’ve been trying to emphasize to people is that there are so many companies that are making so much money, including Magnificent Seven. You do not need to reach lower and decide on companies that are losing money, because that’s not good.”
- Verizon: “I’m very tortured by Verizon, because it’s one of those companies that’s very good product, but is just not doing well enough and has no growth. That’s why I like T-Mobile, even though it doesn’t have any yield. Because yield is not protected people from a decline in the value of Verizon.
- Schlumberger: “What a great company, SLB’s terrific. Charitable trust owns Haliburton, that’s also been very good. But there’s no flies in SLB. It’s really well run, and I would recommend the stock.”
Ticker: MCRB [I do not think the company is all that well-run], T [work away from it], LEU [I am not a believer of uranium], GENI [losing too much money] , ENVX [losing money], VZ [good product but not doing well, I like TMUS], SLB [really well run and recommend the stock]
(6) [No Video Clip for non-Club Members] Jim Cramer talks refocusing attention away from the Fed (https://www.cnbc.com/video/2023/07/24/jim-cramer-talks-refocusing-attention-away-from-the-fed.html)
‘Mad Money’ host Jim Cramer talks refocusing attention away from the Fed, what investors should take away from the central banks next move and more.
Other Stocks Discussed (Call with Listeners): Xponential Fitness (XPOF), DocuSign (DOCU) [I like DOCU, DOCU is ok], American Express (AXP) [AXP has to come down a little more before it finds a bottom], Upstart (UPST) [short squeeze, take a gain]
Ref: Links to other sites that relate to episode of July 24, 2023
- Google Podcast (Sound）
- Internet Archive（Video & Texts per minute）
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