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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Friday, October 13, 2023. It also contains links to CNBC sites which contain video clips and transcripts.
(1) Cramer’s week ahead: Keep an eye on banks as earnings season kicks off (https://www.cnbc.com/2023/10/13/cramers-week-ahead-keep-an-eye-on-banks-as-earnings-season-kicks-off.html)
- CNBC’s Jim Cramer on Friday told investors what to look out for next week, with many big names reporting quarterly earnings.
- Cramer pointed to several banks set to report as well as companies such as Netflix and Tesla.
Charitable trust owns MS, PG
(2) [No Video Clip for non-Club Member] Jim Cramer: August and September served as a correction for some of the summer’s excesses (https://www.cnbc.com/video/2023/10/13/jim-cramer-august-and-september-served-as-a-correction-for-some-of-the-summers-excesses.html)
‘Mad Money’ host Jim Cramer takes a look at where the markets are compared to a year ago.
sector perormance ince bottom
(3) The S&P 500′s top 10 performers since its bear market low — and where Cramer stands on them now (https://www.cnbc.com/2023/10/13/cramer-on-the-sp-500s-top-10-performers-since-its-bear-market-low.html)
- Nvidia: One of Cramer’s favorite stocks, in August 2022, Nvidia announced a quarterly shortfall and was then hit with a ban on selling its graphic chips to China. But things quickly turned around for the company following the debut of ChatGPT, Cramer said, with investors realizing the important role its chips play in artificial intelligence.
- Meta: Like Nvidia, Facebook-parent Meta reported a less-than-stellar quarter last fall and ended up issuing two big rounds of layoffs, Cramer said. But he stressed that the company’s prospects have changed since then. With its costs under control, growing revenue and a “compelling” AI application called Llama 2, Cramer said Meta is an example of a great company that stumbled but ultimately found a way to change its narrative.
- Fair Isaac: Cramer said he finds it hard to recommend Fair Isaac, a data analytics company focusing on credit scores, because of increased mortgage rates, which will affect the housing market.
General Electric: According to Cramer, General Electric has “finally gotten its act together” after years of underperformance and setbacks. Cramer highlighted the company’s aerospace and health-care spinoffs, as well as its upcoming power spinoff, GE Vernova. - Broadcom: Cramer called semiconductor and software company Broadcom one of the “less appreciated AI winners,” but he added that going forward, Broadcom needs to close on its $61 billion acquisition of VMware.
- Lam Research: Cramer suggested investors look into semiconductor equipment stocks such as Lam and its peer, Applied Materials, before they become too expensive.
- Adobe: Cramer recommended Adobe for its use of AI, specifically products such as Firefly, saying he thinks the stock has more room to run.
- Royal Caribbean: Cramer said this cruise company has done well this year because of the post-Covid travel boom, but he warned that these stocks can be volatile, especially with consumers feeling the burden of inflation.
- Eli Lilly: Cramer said this drug maker has done well due to its diabetes treatment Mounjaro, which has also found off-label use for weight loss.
- PulteGroup: Cramer said homebuilders such as PulteGroup remained strong in the face of the Fed’s rate hikes in part due to the housing shortage. But he cautioned that this group is seeing pullbacks as mortgage rates edge toward 8%.
Top performers since bottom as of 10/13/2023: NVDA, META, FUCI, GE, AVGO, LRCX, ADBE, RCL, LLY, PHM
(4) [No Video Clip for non-Club Member] Jim Cramer digs deeper into Big Bank earnings from this week (https://www.cnbc.com/video/2023/10/13/jim-cramer-digs-deeper-into-big-bank-earnings-from-this-week.html)
‘Mad Money’ host Jim Cramer gives his take on bank earnings and how the sector has performed this year.
Ticker: WFC, JPN, C
(5) Cramer’s Lightning Round: Energy Transfer is a buy (https://www.cnbc.com/2023/10/13/cramers-lightning-round-energy-transfer-is-a-buy.html)
- Salesforce: “It’s ridiculous that the stock is down this much…I remain convinces that Salesforce is going to have a dynamite 2024.”
- Portillo’s: “I like Portillo’s…but I did not like the fact that the insiders, the private equity guys, were just blowing out the stock. Well, it looks like I was right, and now we got to wait for this thing to settle down.”
- Mid-America Apartment Communities: “I find that not good enough. I need more yield if I’m going to take a stab at that one.”
- Energy Transfer: “Yeah, it’s still a buy.”
- 3M: ”…I am no longer involved with situations where I feel that the companies are much more like law firms. I can’t be there.”
- AbbVie: “I just can’t rave about AbbVie. I mean, they haven’t done nearly enough as I thought with some of the new products…I’m astonished that the company won’t talk about it, I used to really like it.”
- Iron Mountain: “I think it’s very good…I think they do a very good job, it’s a very steady eddy company, and I really like it.”
- Empire State Realty Trust: “I would ring the register on that., you’ve had a nice gain. Let’s just move on to something better.”
- Oracle: “You got to buy Oracle.”
Ticker: CRM, PTLO, MAA, ET, MMM, ABBV, IRM, ESRT, ORCL
(6) [No Video Clip for non-Club Member] Jim Cramer on the long-term effects of weight loss drugs and its impact on investing (https://www.cnbc.com/video/2023/10/13/jim-cramer-on-the-long-term-effects-of-weight-loss-drugs-and-its-impact-on-investing.html)
‘Mad Money’ host Jim Cramer is reflecting on his conversation today with BlackRock CEO.
Other Stocks Discussed (Calls with Audiences): Levi Strauss (LEVI) [going to be a winner], T. Rowe Price (TROW), Boeing (BA) [a lot of trouble, hold on], Chevron (CVX)[buy]
Ref: Links to other sites that relate to episode of October 13, 2023
- Google Podcast (Sound）
- Internet Archive（Video & Texts per minute）
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