Mad Money: Key points from January 17, 2024 (Wednesday) Episode

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2024-01-18 at 2:21 AM #7691

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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, January 17, 2024. It also contains links to CNBC sites which contain video clips and transcripts.

(1) Cramer lists his major themes for the market in 2024 (https://www.cnbc.com/2024/01/17/cramer-lists-his-major-themes-for-the-market-in-2024.html)

CNBC’s Jim Cramer told investors what themes they should keep in mind for the year, especially when the market’s having a down day.

His themes included a “Magnificent Seven” shakeup, and the popularity of stocks related to GLP-1 drugs.

Cramer’s 2024 Market Themes to Watch

The Magnificent 7: Will all the companies remain on top?
The market impact of the 2024 Presidential election
The continued impact of weight loss drugs on the market
China’s slowing economic growth
Mergers and acquisitions are back

(2) Jim Cramer says the buzz around bitcoin ETPs is a buyer beware situation (https://www.cnbc.com/2024/01/17/jim-cramer-the-buzz-around-bitcoin-etps-is-a-buyer-beware-situation.html)

CNBC’s Jim Cramer on Wednesday explained what the Securities and Exchange Committee’s decision to approve spot bitcoin exchange-traded products in the U.S. means for investors.

He said investors should understand the risks before getting into the notoriously volatile asset.

Cramer’s Study Guide: WHAT IS AN ETP?

ETPs, or Exchange-Traded Products, are investment vehicles that are listed on an exchange and thus can be bought and sold during normal market hours
ETPs track underlying assets, or a benchmark like an equity index
ETFs are a subject of ETPs that are regulated by the Investment Company Act of 1940, which offers extra protections for investors.

(3) [No Video Clip for non-Club Member] Off-the-Chart: Off the Charts: If Apple goes much lower it could be overwhelmed by sellers (https://www.cnbc.com/video/2024/01/17/off-the-charts-if-apple-goes-much-lower-it-could-be-overwhelmed-by-sellers.html)

‘Mad Money’ host Jim Cramer goes off the charts with Apple as the stock struggles.

(4) [No Video Clip for non-Club Member] Wall Street liked Goldman Sachs’ quarter best, says Jim Cramer (https://www.cnbc.com/video/2024/01/17/wall-street-liked-goldman-sachs-quarter-best-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer looks back at the recent slate of bank earnings and what they tell us about the banking sector, the economy and the earnings season to come.

(5) Cramer’s Lightning Round: American Electric Power is a buy (https://www.cnbc.com/2024/01/17/cramers-lightning-round-american-electric-power-is-a-buy.html)

Bunge: “Bunge is a battleground stock…I feel like the whole agricultural complex has become a battleground. And I’m not going to wade in there. I want that stock to bottom before I would make a move.”

American Electric Power: “I think the stock is a buy.”

Intel: “I think that we’re having a big PC refresh…Intel is a big winner in that, and I think you’ll be fine.”″

Allegiant: “Why don’t you just go buy Booking Holdings…Just go buy that one.”

WD-40: “We missed it, we’re too late. We have to own that, and we have to move on.”

Ticker: BG, AEP, INTC, ALGT, WDFC

(6) [No Video Clip for non-Club Member] Let’s stop being surprised about data out of China, says Jim Cramer (https://www.cnbc.com/video/2024/01/17/lets-stop-being-surprised-about-data-out-of-china-says-jim-cramer.html)

‘Mad Money’ host Jim Cramer takes a look at the latest economic data out of China.

Other Stocks Discussed (Calls with Audiences): Snowflake (SNOW) [stock is terrific, you should buy], Etsy (ETSY), JetBlue [cut a loss, take a pain], Nucor Corporation (NUE) [you have a winner], Lamb Weston (LW) [the quarter was a dynamite, like the stock very much]

Ref: Links to other sites that relate to episode of January 17, 2024