Mad Money: Key points from January 3, 2024 (Wednesday) Episode

[Jun Kurema (暮眞★潤)]

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, January 3, 2024.  It also contains links to CNBC sites which contain video clips and transcripts.

 

(1) Cramer says the market has ‘momentarily fallen out of love’ with the Magnificent Seven (https://www.cnbc.com/2024/01/03/-cramer-says-market-has-fallen-out-of-love-with-magnificent-seven.html)

• CNBC’s Jim Cramer on Wednesday said Wall Street is shifting away from the mega cap tech stocks, “Magnificent Seven,” instead focusing on dividend-paying stocks.
• Cramer attributed this change in part to a growing number of investors who believe the Federal Reserve is going to start cutting interest rates, making dividend-paying stocks more valuable.

 

(2) [No Video Clip for non-Club Member] Jim Cramer looks back at the S&P 500′s top performers in 2023 (https://www.cnbc.com/video/2024/01/03/jim-cramer-looks-back-at-the-sp-500s-top-performers-in-2023.html)

‘Mad Money’ host Jim Cramer takes a look back at the S&P 500′s top performer for 2023 and what’s ahead for them in 2024.

Best of S&P500: Nvidia (NVDA), Meta Platforms (META), Royal Caribbean (RCL), Builders FirstSource (BLDR), Uber (UBER)

 

(3) [No Video Clip for non-Club Member]Jim Cramer looks back at the S&P 500′s worst performers of 2023 (https://www.cnbc.com/video/2024/01/03/jim-cramer-looks-back-at-the-sp-500s-worst-performers-of-2023.html)

‘Mad Money’ host Jim Cramer looks back at the S&P 500′s worst performers of 2023.

Worst S&P 500 Performer: Enphase (ENPH), EMC Corp (FMC), Dollar General (DG), Moderna (MRNA), Pfizer (PFE)

 

(4) [No Video Clip for non-Club Member] The market might have gotten ahead of itself betting on a friendly Fed, says Jim Cramer (https://www.cnbc.com/video/2024/01/03/the-market-might-have-gotten-ahead-of-itself-betting-on-a-friendly-fed-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer looks over today’s release of the December Fed minutes and what they tell us about the year ahead for interest rates.

 

(5) Cramer’s Lightning Round: Equitrans Midstream is ‘very solid’ (https://www.cnbc.com/2024/01/03/cramers-lightning-round-equitrans-midstream-is-very-solid.html)

• Equitrans Midstream: “Very solid. Good growth, good yield. I like their profile.”
• IonQ: ”…I don’t think it holds up under close scrutiny…I say ix-nay IonQ-nay.”
• BorgWarner: “You can’t sell that thing down here…You stay long, don’t get discouraged.”
• LendingTree: “I think that’s going to be hard…I just don’t think you’re going to get a lot of mojo out of that thing.”
• Longboard Pharmaceuticals: “My inclination is to think that we just have to say we missed the Longboard Pharma move. Because when I see a parabolic move like that, I know I am not early.”
• Jabil: “They had a not great quarter, and the stock didn’t go down. When I see that kind of activity, it kind of piques my interest. I’d be a buyer, not a seller, of Jabil.”

Ticker: ETRN, IONA, KTOS, BWA, TREE, LBPH, JBL

 

(6) Jim Cramer on selling Big Tech shares: ‘No one ever got hurt taking a profit’ (https://www.cnbc.com/2024/01/03/jim-cramer-says-to-go-ahead-and-take-a-profit-on-big-tech-gains.html)

• CNBC’s Jim Cramer on Wednesday said that profit-taking is important, even if it’s hard to let go of some winning shares.
• He said it’s time to take profits in last year’s big tech winners, and there may be a chance to buy back shares at a lower price.

Ticker: AAPL, TSLA, META

 

Other Stocks Discussed (Calls with Audiences): Carnival Corp (CCL) [Royal Caribbean has better balance sheet], Alphabet (GOOG) [not expensive, but I concerned GOOG most among magnificent 7], PayPal (PYPL) [Alex who is running the company is a winner. If he delivers a good quarter we will know that they are back and bigger than we expected], Lulu Lemon (LULU) [I am a big believer on LULU, let it come down and buy], Energy Transfer (ET) [good]

 

Ref: Links to other sites that relate to episode of January 3, 2024

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

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