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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Monday, October 9, 2023. It also contains links to CNBC sites which contain video clips and transcripts.
(1) Jim Cramer explains why the Israel-Hamas war may not steer Monday’s market action (https://www.cnbc.com/2023/10/09/jim-cramer-explains-why-israel-hamas-conflict-may-not-steer-market.html)
- CNBC’s Jim Cramer told investors that the deadly conflict between Israel and Hamas may not be the driving force in Monday’s market action.
- Amid a spike in oil and in defense stocks, major indexes saw modest gains by Monday’s close.
“Bottom Line: This is a situation where sadness begets more sadness, but no selling on its own because Wall Street is more interested in the FED vice chair’s comments.”
(2) [No Video Clip for non-Club Member] Jim Cramer on finding stock opportunities while navigating a volatile tape (https://www.cnbc.com/video/2023/10/09/jim-cramer-on-finding-stock-opportunities-while-navigating-a-volatile-tape.html)
‘Mad Money’ host Jim Cramer takes a closer look at the impact of rising rates and which companies are setup to win in this environment.
Companies with strong financial positions: COST [held by charitable trust], CDNS, BLK, CAH, MCK, CME, IDXX
“Bottom Line: With higher for longer interest rates money will flock to companies, not depending on external financing.”
(3) [No Video Clip for non-Club Member] Off-the-Chart: Jim Cramer breaks down the charts for technical reading on the weeks ahead (https://www.cnbc.com/video/2023/10/09/jim-cramer-breaks-down-the-charts-for-technical-reading-on-the-weeks-ahead.html)
‘Mad Money’ host Jim Cramer looks at key factors in the Dow to get a read on what’s to come ahead.
“Bottom Line: The chartist’s indicators suggest we could be looking at upside by the end of Oct.”
(4) Jim Cramer says investors should take wait-and-see approach with Birkenstock IPO (https://www.cnbc.com/2023/10/09/jim-cramer-says-investors-should-wait-and-see-with-birkenstocks-ipo.html)
- CNBC’s Jim Cramer on Monday told investors not to immediately buy shares of Birkenstock when it IPOs this week.
- “In the end, Birkenstock has a great product — one that even found its way into the incredibly popular ‘Barbie’ movie — but you need to be very careful with its stock after the IPO on Wednesday,” Cramer said. “I worry that it’ll be too expensive right out of the gate and will only get more expensive in the initial feeding frenzy.”
Ticker: BIRK [don’t buy]
“Bottom Line: I think you’re better off waiting to buy Birkensock, after the IPO cools down.”
(5) Cramer’s Lightning Round: Veeva is a buy (https://www.cnbc.com/2023/10/09/cramers-lightning-round-veeva-is-a-buy.html)
- Veeva: “It is a buy, even though it’s a high price to earnings multiple.”
- US Bancorp: “I would love to recommend this bank, I think it’s an absolutely terrific bank…but these regional banks are so that I just can’t recommend them because I’m afraid people will buy them, and they’ll go down again when they report.”
- Super Micro Computer: “It’s at the right end of where things are… Generative AI, AI, it’s why people buy the stock.”
- American Electric Power: ”…Stock’s got to come down more in order to make it cheaper versus bonds.”
- Marvell: ”…I think you buy some here, and then you buy some if it comes lower.”
- Snowflake: “I think Frank Slootman’s doing terrific stuff…but I also am concerned about high multiple stocks, and I don’t want to go all in on this one. I like it though.”
- Gray Television: “TV? I’ll tell you, I just can’t go there. I’m not afraid, because that’s not my style, it’s just that TV is so hard.”
- Teekay: ”…It’s the best crude oil carrier, I’m not going to dissuade you. I think it’s fine.”
Ticker: VEEV [buy], USB, SMCI, AEP, MRVL[buy some here, buy more when lower] , SNOW, GTN [own DIS for charitable trust] , TK
(6) Jim Cramer sees a bull market in cybersecurity (https://www.cnbc.com/2023/10/09/jim-cramer-sees-a-bull-market-in-cybersecurity.html)
- CNBC’s Jim Cramer said he sees a bull market in cybersecurity, pinpointing names such as Palo Alto Networks, CrowdStrike, Okta and Zscaler.
- “You always want to buy the stocks of companies in industries where demand is most rabid,” Cramer said. “The litany of hacks has made it clear that you either pay a king’s ransom to the bad guys or you see your earnings slaughtered.”
Ticker: PANW [charitable trust]
Other Stocks Discussed (Calls with Audiences): Nvidia (NVDA) [no insigned if NVDA might split], Arm (ARM), Academy Sports (ASO), (ENB) [yield is no longer good, managements need to come to mad money and explain], RTX [hold on]
Ref: Links to other sites that relate to episode of October 9, 2023
- Google Podcast (Sound）
- Internet Archive（Video & Texts per minute）
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