Mad Money: Key points from October 4, 2023 (Wednesday)

[Jun Kurema (暮眞★潤)]

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, October 4, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

 

(1) Jim Cramer sees ‘plenty of tinder’ that could spark a market rally, including the jobs report (https://www.cnbc.com/2023/10/04/cramer-plenty-of-tinder-could-spark-market-rally-including-jobs-report.html)

• Despite several weeks of a down market, CNBC’s Jim Cramer said Wednesday he sees conditions that could spur a stock market rally.
  “We certainly have plenty of tinder for a rally — there are some
• Kingsfords lying around, maybe even a Duraflame or two,” he said. “You get a weak payroll number on Friday, then I think we can get a narrow repeat of the rebound we saw in March.”
• Cramer said he’s not sure whether the “uniform negativity” on Wall Street — especially talk of declining bond prices — means a bottom, but to him, it’s a possibility.

 

(2) Executive Interview: On Holding CEOs talk sustainability and launch of sneaker subscription service (https://www.cnbc.com/2023/10/04/on-holding-ceos-talk-sustainability-and-launch-of-shoe-subscription-.html)

• Marc Maurer and Martin Hoffmann, Co-CEOs of On Holding, told CNBC’s Jim Cramer about making their company more sustainable with a sneaker subscription service, Cyclon, and a new shoe made from carbon emissions.
• “We launched Cyclon because we have a very simple mission: We want to make all our products ready for circularity, and so Cyclon was the first one,” Maurer said.

Ticker: ONON

 

(3) [No Video Clip for non-Club Member] Danaher and Veralto is an example of a breakup that creates value for shareholders, says Jim Cramer (https://www.cnbc.com/video/2023/10/04/danaher-and-veralto-is-an-example-of-a-breakup-that-creates-value-for-shareholders-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer dives his take on the Danahar spin off.

Ticker: DHR, VLTO

 

(4) Executive Interview: Molson Coors CEO touts nonalcoholic beverages: ‘We’re moving beyond beer’ (https://www.cnbc.com/2023/10/04/molson-coors-ceo-on-non-alcoholic-drinks-were-moving-beyond-beer.html)

• CEO of Molson Coors Gavin Hattersley told CNBC’s Jim Cramer on Wednesday the company is developing nonalcoholic offerings as consumers, especially younger people, trend toward health and wellness.
• “We’re moving beyond beer, we’re moving into ‘non-alc’ products, whether those are energy drinks, whether they’re nonalcoholic beers,” Hattersley said.

Ticker: TAP

 

(5) Cramer’s Lightning Round: Upstart is ‘a little too risky’ (https://www.cnbc.com/2023/10/04/cramers-lightning-round-upstart-is-a-little-too-risky.html)

• Upstart: “It’s a little too risky for me, it’s losing money. I have not liked it, I don’t like the stocks that are kind of these faux-banks where there’s too much risk.”
• Altria: “I’m too old, and I’ve seen too much destruction in my own life, the tobacco, for me to recommend a tobacco stock, including people in my own family, so I’m going to take a hard pass on that one.”
• SoFi: ”…Here’s what I see, I see that the company is, ahd a really huge move, and then had a big pullback, but I think that Noto is a steady hand, so I’m in favor of owning a stock, but not trading the stock.”
• Nextera: “I’m still not sold on it.”

Ticker: UPST, MO, SOFI, NEE,

 

(6)  [No Video Clip for non-Club Member] Class is in session as Jim Cramer talks how to evaluate a stock (https://www.cnbc.com/video/2023/10/04/class-is-in-session-as-jim-cramer-talks-how-to-evaluate-a-stock.html)

Class is in session with ‘Mad Money’ host Jim Cramer who talks how to evaluate a stock.

earning x multiples = price

Ticker: M

 

Other Stocks Discussed (Calls with Audiences): Garget (TGT) [I like COST], XPO (XPO),

 

Ref: Links to other sites that relate to episode of October 4, 2023

• Google Podcast (Sound）
• Internet Archive（Video & Texts per minute）

Disclaimer

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