Mad Money: Key points from November 9, 2023 (Thursday)

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      This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Thursday, November 9, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

       

      (1) Cramer says ‘innovation and self-help’ allow stocks to resist the pull of the bond market (https://www.cnbc.com/2023/11/09/cramer-innovation-and-self-help-allow-stocks-to-resist-bond-market-pull.html)

      • CNBC’s Jim Cramer said Wall Street felt the effects of rising Treasury yields and Federal Reserve Chair Jerome Powell’s comments that teased more rate hikes.
      • He said companies with innovative technology and ones that are taking “self-help” measures are better off than most in these market conditions.

      Ticker: MSFT, NVDA, TTD [will bring the market down], AAPL, LLY、DIS [buy if it comes down tomorrow]

       

      (2) Executive Interview: Take-Two CEO says generative AI ‘is going to change the nature of what we do’ (https://www.cnbc.com/2023/11/09/take-two-ceo-generative-ai-going-to-change-the-nature-of-what-we-do.html)

      • In an interview with CNBC’s Jim Cramer, Take-Two Interactive CEO Strauss Zelnick said generative AI could change gaming and bring in new consumers.
      • Take-Two shares climbed 5% yesterday after the company announced that the release of a new Grand Theft Auto game was imminent.

      Ticker: TTWO

       

      (3) [No Video Clip for non-Club Member] Jim Cramer takes a closer look at EV automaker stocks (https://www.cnbc.com/video/2023/11/09/jim-cramer-takes-a-closer-look-at-ev-automaker-stocks.html)

      ‘Mad Money’ host Jim Cramer takes a closer look at EV automaker stocks as they dip on disappointing earnings.

      Ticker: GM , LCID, FSR, RIVN, F, TSLA

       

      (4) [No Video Clip for non-Club Member] Executive Interview: ITT CEO Luca Savi sits down with Jim Cramer (https://www.cnbc.com/video/2023/11/09/itt-ceo-luca-savi-sits-down-with-jim-cramer.html)

      ITT President and CEO Luca Savi sits down with ‘Mad Money’ host Jim Cramer to talk ESG priorities, the stock’s stellar performance, its $1 billion stock buyback and more.

      Ticker: ITT

       

      (5) Cramer’s Lightning Round: Buy AutoZone (https://www.cnbc.com/2023/11/09/cramers-lightning-round-buy-autozone.html)

      • Broadcom: “Buy!”
      • Snowflake: “I am concerned that a company called Databricks, that we had earlier this week, may have a better engine, so to speak, than Snowflake. It’s the first time I’ve had any doubt about Snowflake. I thought that Databricks, which is private, had very, very impressive.”
      • Aehr Test Systems: “I don’t want to say it’s necessarily over because I like the testing business. But if I’m going to be in testing, I want to be in letter A, Agilent.”
      • AutoZone: “I think that AutoZone is going to do fabulously, the average car on the road is still very, very old. And, more importantly, this company is incredibly well-run with a buyback that is the biggest in the New York Stock Exchange. I want you to buy it, and every time it dips, I want you to buy more.”
      • Novo Nordisk: “Novo Nordisk is very good. I still prefer Lilly…I want you to be owning either one of those.”
      • Gogo: “I would cash out…That was a good Covid stock, it’s not anymore.”
      • Dream Finders Homes: “I think they’re going to have continued success, I think they have a unique model…I think you’ve got a good one there.”

      Ticker: AVGO, SNOW, AZO, NVO, GOGO, DFH

       

      (6) [No Video Clip for non-Club Member] I’ve never seen a time where it’s been this difficult to diversify, says Jim Cramer (https://www.cnbc.com/video/2023/11/09/ive-never-seen-a-time-where-its-been-this-difficult-to-diversify-says-jim-cramer.html)

      ‘Mad Money’ host Jim Cramer talk the current market conditions and why diversification might be difficult.

      Ticker: LLY

       

      Other Stocks Discussed (Calls with Audiences): Dominion Energy (D) [not a great company], Huntington (HBAN) [it needs a lower rate], Sysco (SYY) [It should be doing better], Occidental (OXY) [prefer Cotera, owned by charitable trust], Devon (DVN) [not a big fan of big oil company now]

       

      Ref: Links to other sites that relate to episode of November 9, 2023

      Disclaimer

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