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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, September 13, 2023. It also contains links to CNBC sites which contain video clips and transcripts.
(1) Cramer says AI will be profitable for executives looking for ‘cost savings’ (https://www.cnbc.com/2023/09/13/cramer-ai-will-be-profitable-for-executives-seeking-cost-savings-.html)
- CNBC’s Jim Cramer on Wednesday told investors that AI may not have exciting use cases for consumers, but it will have a major impact on enterprises’ efficiency.
- “In short, this is an incredible technology for executives looking for cost savings, but for everybody else, it’s borderline meaningless,” he said.
(2) Executive Interview: SoFi CEO talks second-quarter growth and ‘stealing share’ from big banks (https://www.cnbc.com/2023/09/13/sofi-ceo-talks-q2-growth-and-stealing-share-from-big-banks.html)
- SoFi CEO Anthony Noto discussed the digital banking and personal finance company’s second-quarter growth with CNBC’s Jim Cramer.
- “We’re really stealing share from the big banks, and so we’ve been able to add more than $2 billion of deposits in each quarter since getting our bank license, and we reported in Q2, we remain confident that we can add $2 billion plus each quarter, and we’re on track to do that,” he said.
Ticker: SOFI
(3) [No Video Clip for non-Club Members] Executive Interview: Williams-Sonoma CEO Laura Alber: We’re not just a furniture company, we’re a life stage company (https://www.cnbc.com/video/2023/09/13/williams-sonoma-ceo-laura-alber-were-not-just-a-furniture-company-were-a-life-stage-company.html)
Laura Alber, Williams-Sonoma president and CEO, joins ‘Mad Money’ host Jim Cramer to talk partnering with Salesforce, consumer behavior, service model improvments and more.
Ticker: WSM
(4) [No Video Clip for non-Club Members] Discord CEO Jason Citron: 15% of our workforce is dedicated to trust and safety (https://www.cnbc.com/video/2023/09/13/discord-ceo-jason-citron-15percent-of-our-workforce-is-dedicated-to-trust-and-safety.html)
Jason Citron, Discord co-founder and CEO, joins ‘Mad Money’ host Jim Cramer to talk user growth, partnerships with Xbox and Playstation, user safety, the possibility of going public and more.
(5) Cramer’s Lightning Round: Yes to St. Joe (https://www.cnbc.com/2023/09/13/cramers-lightning-round-yes-to-st-joe.html)
- Chewy: “I’m astonished that it’s doing this poorly, because so many of us use it…the whole pet combine is in the dog house.”
- RTX: “There is now beginning to be a credibility gap between what the company said about the problems with the engines and what’s actually happening…no bottom yet, not yet, still sells at 15 times earnings, got to go lower.”
- St. Joe: “I’ve liked St. Joe forever…I’m going to say yes to that one.”
- Advance Auto Parts: “I like to buy best of breed, the best of breed is AutoZone, AZO, has been for the last ten years, I think that’s the one you should buy.”
- Illumina: “I don’t think it’s a great company, I think it’s a very good technology business that is not a great company. Danaher is the one to buy, Charitable Trust name.”
- Cava: “I’d rather own Chipotle than Cava. Stick with Chipotle, not with the Cava.”
Ticker: CHWY, RTX, JOE, AAP, ILMN, BELFB, CAVA
(6) [No Video Clip for non-Club Members] We are at a tricky moment for the Fed and the economy, says Jim Cramer (https://www.cnbc.com/video/2023/09/13/we-are-at-a-tricky-moment-for-the-fed-and-the-economy-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer looks back on today’s CPI data, what it means for the Federal Reserve and what it says about the economy as a whole.
Other Stocks Discussed (Calls with Audiences): Nike (NKE) [low energy], Dupont (DD), Wingstop (WING)
Ref: Links to other sites that relate to episode of September 13, 2023
- Google Podcast (Sound）
- Internet Archive（Video & Texts per minute）
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