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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Monday, October 23, 2023. It also contains links to CNBC sites which contain video clips and transcripts.
(1) Jim Cramer urges patience before buying stocks this week. Here’s why (https://www.cnbc.com/2023/10/23/jim-cramer-urges-patience-before-buying-stocks-this-week-heres-why.html)
- CNBC’s Jim Cramer said investors shouldn’t read too much into Monday’s stock moves, suggesting more important information will come later in the week.
- “What should matter to you is how individual companies are doing, and today we had nothing that smacks of actual fact about what stocks are going to do,” Cramer said.
- “I recommend something that’s quite prosaic, if not just outright boring: Perfect moment to sit on your hands,” he said.
(2) [No Video Clip for non-Club Member] Long on money, short on time thesis holding up for cruise ships, says Jim Cramer (https://www.cnbc.com/video/2023/10/23/long-on-money-short-on-time-thesis-holding-up-for-cruise-ships-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer takes a look at consumer facing companies and how they are faring among current market headwinds.
Ticker: AXP, BAC, CCL, DRI, PG, KMX
(3) [No Video Clip for non-Club Member] Jim Cramer takes a look at what is next for Netflix (https://www.cnbc.com/video/2023/10/23/jim-cramer-takes-a-look-at-what-is-next-for-netflix.html)
‘Mad Money’ host Jim Cramer discusses Netflix and what is ahead for the streaming giant.
Ticker: TSLA, NFLX
(4) [No Video Clip for non-Club Member] Executive Interview: Snap-On CEO Nick Pinchuk says the business has never been more profitable (https://www.cnbc.com/video/2023/10/23/snap-on-ceo-nick-pinchuk-says-the-business-has-never-been-more-profitable.html)
Snap-On Chairman and CEO Nick Pinchuk joins ‘Mad Money’ host Jim Cramer to talk lack of recession signs, the core business and quarterly earnings
Ticker: SNA
(5) Cramer’s Lightning Round: Sell Fisker (https://www.cnbc.com/2023/10/23/cramers-lightning-round-sell-fisker.html)
- Fisker: “Like the car, sell the stock.”
- AutoNation: “Something is wrong, obviously people are very worried about credit now in cars, but I’m not going to tell you to sell a stock that sells at five times earnings, even though I think that means it’s not going to make the estimates.”
- Petroleo Brasileiro: “This stock has run too much for me, even though it sells at six times earnings. I’m a seller of PBR.”
- Nu: “This is another stock from Latin America that I think I would sell, it’s moved up so much…in this lousy market, why am I going to push that kind of stock?”
- Iridium: “It was supposed to be making money and now expects to lose money. We’re not going to recommend stocks that are losing money.”
- Bristol-Myers: “No…I’m not saying it lost its way, I’m saying I don’t like the big pharma stocks, and they do not have the pipeline that they once had. I’m not going to push Bristol-Myers. Never buy a drug stock just for the yield.”
Ticker: FSR, AN, PBR , NU, IRDN, BMY
(6) Jim Cramer says there is a bull market in oil and gas thanks to recent big mergers (https://www.cnbc.com/2023/10/23/cramer-there-is-a-bull-market-in-oil-and-gas-thanks-to-recent-mergers.html)
- CNBC’s Jim Cramer said he sees a bull market in oil, in large part due to two recent major mergers.
- Chevron announced Monday it would buy Hess in a $53 billion deal, while Exxon Mobil agreed to buy rival Pioneer Natural Resources for $59.5 billion earlier in October.
Ticker: PXD, XOM, HES, CVX
Other Stocks Discussed (Calls with Audiences): Costco (COST) [COST is no.1, proud to be a stock holder of COST], AMC Entertainment (AMC) [you should sell], Domino Pizza (DPZ) [take a risk reward ], Affirm (AFRM) [I don’t like banks], Nvidia (NVDA) [not go until below 400]
Ref: Links to other sites that relate to episode of October 23, 2023
- Google Podcast (Sound）
- Internet Archive（Video & Texts per minute）
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