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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, August 23, 2023. It also contains links to CNBC sites which contain video clips and transcripts.
(1) With retail companies reporting consumer weakness, Cramer says stick with tech (https://www.cnbc.com/2023/08/23/with-retail-companies-reporting-consumer-weakness-cramer-says-stick-to-tech.html)
- CNBC’s Jim Cramer on Wednesday discussed companies that are reporting consumer weakness.
- “When the consumer’s tapped out, or at least more frugal than she used to be, money managers don’t wait around: They flee like rats from a sinking ship and park their money in a more reliable industry,” Cramer said.
Ticker: M, TGT, WMT, NKE, FL, TJX [the only apparel cos. with a decent takeaway are off-price stores like ROSS and TJX], AZO [we are back in a world where it is cheaper to fix your car than buy a new or a used one], AXP, LOW, WSM, AAPL, AMZN [held by charitable trust], NVDA
“Bottom Line: When the consumer’s tapped out, money managers don’t wait around — right now, the money’s moving into enterprise hardware and software.”
(2) [No Video Clip for non-Club members] Jim Cramer looks at stocks that pulled back despite good quarterly earnings (https://www.cnbc.com/video/2023/08/23/jim-cramer-looks-at-stocks-that-pulled-back-despite-good-quarterly-earnings.html)
‘Mad Money’ host Jim Cramer takes a look at five companies that saw stock pullback despite posting decent quarterly results.
Hot Temps, Cold Stocks – August Pullbacks: SCHW [-12%], GEHC [-12%; held for charitable trust; you should buy now], ALB [-10%], NXPI [-10%], ITW [-9%]
“Bottom Line: We’re now up to 15 August losers that can be bought into weakness.”
(3) [No Video Clip for non-Club members] Off-the-Chart: Charts show the change in money supply is moving in the right direction, says Jim Cramer (https://www.cnbc.com/video/2023/08/23/charts-show-the-change-in-money-supply-is-moving-in-the-right-direction-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer hits the charts to compare money supply and the Dow Jones.
(4) Cramer sees opportunity in Dick’s Sporting Goods, despite a rough quarter (https://www.cnbc.com/2023/08/23/cramer-sees-potential-in-dicks-sporting-goods-despite-down-quarter.html)
- CNBC’s Jim Cramer explained Dick’s Sporting Goods disappointing second-quarter results, suggesting there might be a buying opportunity for investors.
- “I think the problems with Dick’s are now baked into the estimates while the longer-term growth opportunities are being ignored,” he said.
(5) Cramer’s Lightning Round: AT&T is “horrendous” (https://www.cnbc.com/2023/08/23/cramers-lightning-round-att-is-horrendous.html)
- Acushnet Holdings: “I actually like it.”
- Hawaiian Electric: “I think you got to be very careful here…it’s way too risky.”
- Aehr Test Systems: “I don’t know this company…let me do some work on that one, too.”
- AT&T: “That stock is horrendous.”
- Radnet: “We love that company.”
Ticker: GOLF, HE, AEHR, T, RDNT [buy buy buy]
(6) [No Video Clip for non-Club members] Jim Cramer talks what to expect out of Jackson Hole (https://www.cnbc.com/video/2023/08/23/jim-cramer-talks-what-to-expect-out-of-jackson-hole.html)
‘Mad Money’ host Jim Cramer takes a look at what cards Fed Chair Powell has in his deck ahead of earnings.
Other Stocks Discussed (Call with Listeners): Treehouse (THS) , Builders FirstSource (BLDR), Confluent, Inc. (CFLT) [I like it, you got the winner], Wingstop (WING), Honeywell (HON) [Charitable Trust owns it]
Ref: Links to other sites that relate to episode of August 23, 2023
- Google Podcast (Sound）
- Internet Archive（Video & Texts per minute）
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