Mad Money: Key points from November 29, 2023 (Wednesday)

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      This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, November 29, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

       

      (1) Cramer points to signs the market is broadening beyond the ‘Magnificent Seven’ (https://www.cnbc.com/2023/11/29/cramer-says-market-is-broadening-out-beyond-the-magnificent-seven.html)

      • CNBC’s Jim Cramer on Wednesday said investors have renewed interest in stocks beyond the “Magnificent Seven.”
      • “With interest rates peaking a month ago and a growing sense that the Federal Reserve might actually be done tightening as inflation comes down, let’s face it: we’ve got a whole new market,” he said.

      Ticker: ROVR, BX, PSX, SCHW, GM, GPS, FL, HUM (owned by charitable trust],

       

      (2) Executive Interview: CrowdStrike CEO says AI can help prevent ransomware attacks (https://www.cnbc.com/2023/11/29/crowdstrike-ceo-says-ai-can-help-prevent-ransomware-attacks.html)

      • CrowdStrike CEO George Kurtz told CNBC’s Jim Cramer why AI can help companies fight against cybercrime.
      • “We can identify these pieces of ransomware without ever seeing them in the past. And that’s different than signature-based technologies that are out there today,” Kurtz said.

      Ticker: CRWD

       

      (3) Executive Interview: Salesforce CEO lauds data cloud business, says new customers drove the quarter’s success (https://www.cnbc.com/2023/11/29/salesforce-ceo-lauds-data-cloud-business-says-new-customers-drove-the-quarters-success.html)

      • Salesforce CEO Marc Benioff told CNBC’s Jim Cramer what contributed to his company’s better-than-expected Wednesday earnings report.
      • He praised the company’s Data Cloud product, which he said gained a thousand new customers during the quarter.

      Ticker: CRM

       

      (4) [No Video Clip for non-Club Member]  Executive Interview: Snowflake CEO Frank Slootman: Consumption models are incredibly equitable to customers (https://www.cnbc.com/video/2023/11/29/snowflake-ceo-frank-slootman-consumption-models-are-incredibly-equitable-to-customers.html)

      Snowflake CEO Frank Slootman joins ‘Mad Money’ host Jim Cramer fresh off of earnings to talk large language models, revenue guidance, customer trends and more.

      Ticker: SNOW

       

      (5) Cramer’s Lightning Round: ‘Stay away’ from Catalent (https://www.cnbc.com/2023/11/29/cramers-lightning-round-stay-away-from-catalent.html)

      • Vishay Intertechnology: “The stock is way too cheap…This is one of those moments where I think you’ve got to buy Vishay.”
      • Abbott Laboratories: “Abbot Lads has gotten way too cheap…I say buy.”
      • Riot Platforms: “They don’t make any money…If you want to do Bitcoin, own Bitcoin.”
      • Anheuser-Busch: “Sell BUD, buy Constellation.”
      • Catalent: “Stay away from Catalent.”
      • Moelis & Company: “The stock has come down too much. I work with them, I know them, I think they’re high quality…I say buy.”

      Ticker: VSH[buy buy buy], ABT [too cheap], RIOT, CFLT, BUD, CTLT, MC

       

      (6) [No Video Clip for non-Club Member] Jim Cramer talks the business of cybersecurity (https://www.cnbc.com/video/2023/11/29/jim-cramer-talks-the-business-of-cybersecurity.html)

      ‘Mad Money’ host Jim Cramer talks the business of cybersecurity after a string of high profile hacks and cyberattacks.

       

      Other Stocks Discussed (Calls with Audiences): Bristol Myers (BMY) [going no where]

       

      Ref: Links to other sites that relate to episode of November 29, 2023

      Disclaimer

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