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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, September 5, 2023. It also contains links to CNBC sites which contain video clips and transcripts.
(1) Mega-caps saw the most encouraging development today, says Jim Cramer (https://www.cnbc.com/video/2023/09/05/mega-caps-saw-the-most-encouraging-development-today-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer breaks down the day’s market action, recent IPOs and more.
September setbacks?
- ARM IPO,
- Higher housing prices
- Potential Labor Strikes
- Rising oil price (Ticker: NOW, CRM)
- Rising interest rates
“Bottom Line: I’m still negative on September until other wise proven wrong.”
(2) [No Video Clip for non-Club Members] August recap: Hogher rates are putting preassure on both consumers and businesses, says Jim Cramer (https://www.cnbc.com/video/2023/09/05/hogher-rates-are-putting-preassure-on-both-consumers-and-businesses-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer takes a look back at how the markets performed in August.
“Bottom Line: Don’t get too negative here – I think the long-term outlook remains positive.”
(3) [No Video Clip for non-Club Members] Off-the-Chart: Jim Cramer hits the charts to see where Nvidia goes from here (https://www.cnbc.com/video/2023/09/05/jim-cramer-hits-the-charts-to-see-where-nvidia-goes-from-here.html)
‘Mad Money’ host Jim Cramer gets technical with Nvidia charts as one chartist predicts the semi space could keep running higher from its current levels.
Ticker: NVDA, SMH
“Cramer: The chartist thinks NVDA can keep going if the Semi space doesn’t go out of style.”
(4) Interview: Commerce Secretary Raimondo: U.S. businesses are ‘desperate for some kind of dialogue’ with China (https://www.cnbc.com/2023/09/05/secretary-raimondo-us-businesses-are-desperate-for-dialogue-with-china.html)
- In a Tuesday interview with CNBC’s Jim Cramer, Commerce Secretary Gina Raimondo explained U.S. businesses’ concerns with operating in China.
- Raimondo visited Beijing and Shanghai last week to meet with government officials, becoming the first U.S. Commerce secretary to travel to the country in five years.
(5) Cramer’s Lightning Round: Stick with Morgan Stanley (https://www.cnbc.com/2023/09/05/cramers-lightning-round-stick-with-morgan-stanley.html)
- Westrock Coffee: “No, no. no…. They lose money.”
- Twilio: ”…I think that Twilio is A-OK. Is it my favorite stock? No. But I don’t think it’s a bad stock to own.”
- JM Smucker: “The food stocks are just ok…I don’t ‘just ok’ merits ownership, so I’m going to say no to that.”
- Alcoa: “No, we don’t want Alcoa…I never liked the whole separation of the company, the whole way was to get rid of the Alcoa cyclicality, so I’m going to say double AA is no go, stick to batteries.”
- Morgan Stanley: “It is so frustrating…I’ve debated this all last week, and I said, listen, James Gorman’s one of the reasons why I want it, he’s going to be out at the end of the year. But its 4% yield, I’m reading the house Morgan by Chernow, it’s a good book. Morgan Stanley’s got good bloodlines, I’m going to stick with it.”
Ticker: WEST [they lose money], TWLO [ok, but not my favorite stock], SJM [it’s just ok], AA [no go, stick with batteries], MS [stick with it]
(6) The bond market has become a negative factor for the economy, says Jim Cramer (https://www.cnbc.com/video/2023/09/05/the-bond-market-has-become-a-negative-factor-for-the-economy-says-jim-cramer.html)
(6)’ Jim Cramer laments rising interest rates, says market won’t advance if they keep climbing (https://www.cnbc.com/2023/09/05/jim-cramer-says-market-wont-advance-if-interest-rates-keep-climbing.html)
- CNBC’s Jim Cramer on Tuesday bemoaned rising bond yields and interest rates.
- “There’s no way this market will be able to advance if rates keep climbing,” he said.
Ticker: TOL, VMC, MLM
Other Stocks Discussed (Calls with Audiences): Alphabet (GOOGL) [buy charitable trust owns], Advanced Micro Devices (AMD) [Great American company and does great job]
Ref: Links to other sites that relate to episode of September 5, 2023
- Google Podcast (Sound）
- Internet Archive（Video & Texts per minute）
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