Mad Money: Key points from October 10, 2023 (Tuesday)

[Jun Kurema (暮眞★潤)]

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, October 10, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

 

(1) Jim Cramer says it’s too soon to tell how GLP-1 weight loss drugs will affect food stocks (https://www.cnbc.com/2023/10/10/jim-cramer-too-soon-to-tell-how-weight-loss-drugs-will-affect-food-stocks.html)

• CNBC’s Jim Cramer on Tuesday said it may be too soon to tell how GLP-1 diabetes and weight loss drugs will change companies, especially ones that sell junk food.
• Cramer referenced FritoLay-owner PepsiCo’s Tuesday earnings report, which beat Wall Street estimates and sent its stock up

 

(2) Executive Interview: CarMax CEO says it’s ‘a little early’ to see how the UAW strikes will impact business (https://www.cnbc.com/2023/10/10/carmax-ceo-its-a-little-early-to-tell-uaw-strikes-impact-business.html)

• CEO of used-car retailer CarMax, Bill Nash, told CNBC’s Jim Cramer it is too early to tell how UAW strikes will impact his company’s business.
• “I think as far as the UAW strike [is concerned], it’s a little early to tell the impact it’s going to have on the business — you know, it really depends on how long it goes, and if there’s going to be an expansion,” Nash said.

Ticker; KMX

 

(3)  [No Video Clip for non-Club Member] Jim Cramer: The rapid rise in interest rates has changed the calculus of this market (https://www.cnbc.com/video/2023/10/10/jim-cramer-the-rapid-rise-in-interest-rates-has-changed-the-calculus-of-this-market.html)

‘Mad Money’ host Jim Cramer takes a closer look at the utilities sector and BNPL.

Higher rates, more problems?: VZ, T, RIVN, UPST, AFRM

 

(4) Interview: Daymond John talks grants and this year’s fourth annual Black Entrepreneurs Day (https://www.cnbc.com/2023/10/10/daymond-john-talks-grants-and-fourth-annual-black-entrepreneurs-day.html)

• CNBC’s Jim Cramer spoke with “Shark Tank” star and FUBU CEO Daymond John to discuss the fourth annual Black Entrepreneurs Day.
• The event is meant to celebrate Black business owners, and it partnered with the NAACP to provide grants to business owners.

 

(5) Cramer’s Lightning Round: ‘I’m moving on’ from Herbalife (https://www.cnbc.com/2023/10/10/cramers-lightning-round-im-moving-on-from-herbalife.html)

• Spirit AeroSystems: “I got to tell you, you’re absolutely right that is low, but I’d rather have you buy the Honeywell.”
• CVS: “Let’s just stick away from CVS.”
• Abbott: ”…Abbott is a very good company and will be up to the, let’s say, up to the challenge. I think that’s fair. You’re getting a premium company at a very low multiple that is doing a lot right.”
• Viking: “It’s a very good spec, but you have to understand it could be wiped out or go up a lot.”

Ticker: SPR, CVS, ABT, VKTX, HLF, ALB,

 

(6)  [No Video Clip for non-Club Member] Jim Cramer recaps the financial sector’s recent performance (https://www.cnbc.com/video/2023/10/10/jim-cramer-recaps-the-financial-sectors-recent-performance.html)

‘Mad Money’ host Jim Cramer takes a deep dive into US Bancorp and regional banks.

Ticker: USB

 

Other Stocks Discussed (Calls with Audiences): AMC Entertainment Holdings, Inc. (AMC) [sell], Advanced Micro Devices, Inc. (AMD) [Bullpen for the charitable trust], Southern (SO) [hold off, not a good situation], Tesla (TSLA) , Ford (F) [will go more higher, charitable trust owns F]

 

Ref: Links to other sites that relate to episode of October 10, 2023

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

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