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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Thursday, August 17, 2023. It also contains links to CNBC sites which contain video clips and transcripts.
(1) After a down day for the market, Cramer tells investors to have patience (https://www.cnbc.com/2023/08/17/jim-cramer-after-a-down-market-day-have-patience.html)
- CNBC’s Jim Cramer told investors on Thursday to have patience and not sell off stock of companies they think will succeed, even when the market seems to be on the decline.
- “Rather than trying to trade in and out — selling everything and then trying to buy it all back at lower levels — I think you need to learn how to ride out these moments, unless stocks aren’t for you,” Cramer said.
(2) [No Video Clip for non-Club Member] Executive Interview: Realty Income President and CEO Sumit Roy goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2023/08/17/realty-income-president-and-ceo-sumit-roy-goes-one-on-one-with-jim-cramer.html)
‘Mad Money’ host Jim Cramer sits down with Realty Income President and CEO Sumit Roy to talk dividends, the real estate market, quarterly earnings and more.
Ticker: O
(3) [No Video Clip for non-Club Member] Jim Cramer answers Investing Club questions (https://www.cnbc.com/video/2023/08/17/jim-cramer-answers-investing-club-questions.html)
- When investor can voilate its basis and buy more when the stock drop considerably but still above the cost basis? –> I don’t like to violate cost basis. I rarely do it.
- Which defense stock will be recommended? –> LHX, RTX, LTM [I like all three]
- What is the best way to scale stock which had a big rally like LLY and ENVD? –> wait for a pull back like 15-20% from high
- Why not buy HD instead of SWK? –> SWK is a remodeling play which is doing good. And I like HD’s quarter.
- How to do homework? –> Start looking their website, most recent conference call, then google, finally after that look at Wal Street’s expert analysis
(4) [No Video Clip for non-Club Member] Executive Interview: Cintas CEO Todd Schneider sits down with Jim Cramer (https://www.cnbc.com/video/2023/08/17/cintas-ceo-todd-schneider-sits-down-with-jim-cramer.html)
Cintas CEO Todd Schneider sits down with ‘Mad Money’ host Jim Cramer to talk the state of small and mid-sized businesses, the state of the consumer and more.
Ticker: CTAS
(5) Cramer’s Lightning Round: Hold DraftKings (https://www.cnbc.com/2023/08/17/cramers-lightning-round-hold-draftkings.html)
- Salesforce: “Salesforce….is going to have its big Dreamforce meeting, and I’m going to go out there and see it, the Charitable Trust owns it, as you know, we’ve owned it forever. I understand that every high multiple stock is coming down, we’ll just have to see what they say…I like Salesforce, and I’m not backing away from it.”
- SoFi: “Look, I think SoFi is fine. I mean, they had a really good quarter, obviously the stock went up a lot. It’s come back down, what can I say? I think Anthony Noto does a terrific job…”
- American Airlines: “We’re not going to recommend American Airlines right now other than Delta, which we think is having a very good quarter. And why are we doing that? We’re cutting back on discretionary spending because we’re getting a little nervous that people themselves are getting nervous because of how bad the stock market is and the bond market.”
- UiPath: ”…I just think they’re losing money, they’re supposed to make money. Let’s wait ’til they make some money, I mean this stuff is just all just terrible right now.”
- DraftKings: “You got to hold. I mean, they’re the dominant player, they’re the number one. The only big problem, obviously, is is that the market’s bad. The stock went up huge, but the company is great, it’s going to start really doing incredibly well, making real money. So therefore I’m going to say buy some, buy some after the, when the oscillator is minus five and a half.”
- GE HealthCare: “We just think the stock is wrongly priced… I’m not saying I can’t be this wrong, because I’ve been wrong in my career, but there is just no reason for the stock to be selling this low. After being at 87, it’s now at 68. I think it’s a terrific company. MRIs are going to be needed in order to be able to find out whether you’re going to be able to get the Alzheimer’s drugs that are coming out…”
- Coca-Cola: “I think it’s got the 3% yield, James Quincey’s doing a good job. I’m not worried Coke. There’s like 400 other stocks I’m more worried about than Coca-Cola.”
Ticker: CRM, SOFI, AAL, PATH, DKNG, GEHC, KO
(6) Despite China’s economic troubles, Cramer says its market won’t collapse (https://www.cnbc.com/2023/08/17/despite-chinas-economic-troubles-cramer-says-market-wont-collapse.html)
- CNBC’s Jim Cramer on Thursday told investors he doesn’t think China’s economic woes will topple its market.
- “Now we’re hearing that China’s going to drag down the rest of the world, including us,” Cramer said. “But we’ve seen this movie before, and we know how it ends.”
Other Stocks Discussed (Call with Listeners): Airbnb (ABNB) [ABNB is a buy], General Mills (GIS) [stick with General Mills], Carvana (CVNA) [time to cash out]
Ref: Links to other sites that relate to episode of August 17, 2023
- Google Podcast (Sound）
- Internet Archive（Video & Texts per minute）
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