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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Friday, September 29, 2023. It also contains links to CNBC sites which contain video clips and transcripts.
(1) Jim Cramer’s week ahead: Focus on September jobs report (https://www.cnbc.com/2023/09/29/cramers-week-ahead-focus-on-septembers-jobs-report.html)
- CNBC’s Jim Cramer told investors to pay attention to next week’s labor report, as that will help determine where the market is headed.
- Cramer will also be following analyst meetings from beverage maker Molson Coors and access management company Okta.
(2) [No Video Clip for non-Club Member] I always caution investors on buying new IPOs right out the gate, says Jim Cramer (https://www.cnbc.com/video/2023/09/29/i-always-caution-investors-on-buying-new-ipos-right-out-the-gate-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer takes a look at September’s IPO class and how they are fairing at the end of the month.
Ticker: ARM, CART, KVYO, KVUE, CAVA, ODD
“Bottom: You almost never want to buy a new IPO right out of the gate .. IPOs often give back initial gains, so when you see and exciting IPO, remember to be patient. ”
(3) [No Video Clip for non-Club Member] Jim Cramer hits the WTI Crude Oil charts (https://www.cnbc.com/video/2023/09/29/jim-cramer-hits-the-wti-crude-oil-charts.html)
‘Mad Money’ host Jim Cramer hits the charts to talk crude oil prices.
“Bottom Line: The charts highlight the fact that oil and the DOW trade in the same direction … looking at crude oil 3 yrs, AGO is a surprisingly reliable predictor of the market.”
(4) [No Video Clip for non-Club Member] Jim Cramer does his homework on Primoris (https://www.cnbc.com/video/2023/09/29/jim-cramer-does-his-homework-on-primoris.html)
‘Mad Money’ host Jim Cramer digs into a viewer’s stock, Primoris, and sees how it could stand to benefit from the Inflation Reduction Act.
Ticker: PRIM [sell off is a gift, real winner], MODV [For now, no]
(5) Cramer’s Lightning Round: Caterpillar is a buy (https://www.cnbc.com/2023/09/29/cramers-lightning-round-caterpillar-is-a-buy.html)
- Caterpillar: ”…The stock is not priced for any sort of great growth, and yet I think that because of all the infrastructure money that’s coming, 2024 is going to be a good year. I reiterate, buy.”
- Abercrombie: “Fran Horowitz is real smart…I have missed A&F because I’ve been so fearful of that kind of, that age group apparel, but it’s a winner, what can I say.”
- Exxon: “I think Exxon continues to go higher, I like the stock…it has room to grow, and it’s doing quite well as a company.”
- Ardelyx: “Speculative stock…I don’t know, I mean, not with my money.”
- American Water: “American Water is the kind of stock that I like…It’s just a very good company that’s being caught up in the maelstrom of higher rates.”
- Fubo: “No, that one’s too speculative…It’s just not good enough, I don’t want you to put your money in them.”
Ticker: CAT, ANF, XOM, ARDX, AWK, FUBO
(6) Cramer says don’t make any moves right before a company’s earnings report (https://www.cnbc.com/2023/09/29/cramer-says-dont-make-moves-right-before-a-companys-earnings-report.html)
- CNBC’s Jim Cramer on Friday told investors not to make any major stock moves right before a company’s quarterly report.
- “You shouldn’t try to play the earnings game, meaning don’t trade stocks on the basis of what you’re expecting from their quarterly numbers,” Cramer said. “It’s simply gotten too hard. I think it makes a lot more sense to wait until you see the quarter, pull it apart, and then make a judgment once you know all the facts.”
Ticker: MU, NKE
Other Stocks Discussed (Calls with Audiences): Fidelity National (FIS) [cannot endorse anything related to bank], McDonald (MCD), Nextera Energy Partners (NEP) [I don’t understand why that stock is acting so badly], Energy Fuels (UUUU)
Ref: Links to other sites that relate to episode of September 29, 2023
- Google Podcast (Sound）
- Internet Archive（Video & Texts per minute）
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