Mad Money: Key points from February 22, 2024 (Thursday) Episode

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      This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Thursday, February 22, 2024.  It also contains links to CNBC sites which contain video clips and transcripts.

       

      (1) As Nvidia roars, Cramer reflects on what it takes to stick with big market winners (https://www.cnbc.com/2024/02/22/as-nvidia-roars-cramer-reflects-on-how-to-find-big-market-winners.html)

      • As Nvidia reaches new highs, CNBC’s Jim Cramer on Thursday told investors that sometimes, they need to defy skeptics to stick with a winning stock.
      • “To nail Nvidia, you needed to do the opposite of everything that captures the conventional wisdom of modern-day investing in this country,” he said. “A certain amount of skepticism is healthy, but if you’re trying to make money in the stock market, you’ve got to believe in something.”

      Ticker: NVDA

       

      (2) [No Video Clip for non-Club members] Executive Interview: PG&E CEO Patti Poppe goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2024/02/22/pge-ceo-patti-poppe-goes-one-on-one-with-jim-cramer.html)

      PG&E CEO Patti Poppe joins ‘Mad Money’ host Jim Cramer to talk quarterly results, the energy sector, its earnings guide and more.

      Ticker: PCG

       

      (3) Executive Interview: Despite a tough market, Builders FirstSource CEO says housing demand is ‘really strong’ (https://www.cnbc.com/2024/02/22/builders-firstsource-ceo-says-housing-demand-is-really-strong.html)

      • Despite homebuilding slowdowns and high mortgage rates, Builders FirstSource CEO Dave Rush told CNBC’s Jim Cramer that the demand for housing remains strong.
      • The homebuilding materials supplier reached a new high on Thursday after its earnings exceeded Wall Street’s expectations.

      Ticker: BLDR

       

      (4) [No Video Clip for non-Club members] Executive Interview: Wingstop CEO Michael Skipworth: There’s a ton of runway for us and our ad strategy is working (https://www.cnbc.com/video/2024/02/22/wingstop-ceo-michael-skipworth-theres-a-ton-of-runway-for-us-and-our-ad-strategy-is-working.html)

      Wingstop President and CEO Michael Skipworth ‘Mad Money’ host Jim Cramer to talk quarterly results, moving into a new digital platform, its marketing strategy and more.

      Ticker: WING

      (5) Cramer’s Lighting Round: Vertiv is a buy (https://www.cnbc.com/2024/02/22/cramers-lighting-round-vertiv-is-a-buy.html)

      • GlobalFoundries: “I think it’s an interesting stock. I’m not a big foundry guys unless it’s Taiwan Semi. And that’s the one I like.”
      • Danaher: “What a comeback Danaher has made…I think you can go higher, just like the Danaher of old.”
      • Cal-Maine Foods: “An unnecessary stock own, frankly. Ineffectual, not for me.”
      • Workday: “Workday, Salesforce, and ServiceNow are the three that have the models that I like. They are true platform companies…You’ve got three winners there.”
      • Vertiv: “That quarter was magnificent…They are the guts of the data centers. Stay long [buy, buy, buy!].”
      • Pure Storage: “They’ve gotten their act together. This had been an inconsistent company….They really do have it together, and I think it’s a good one, and I would not let it go.”
      • Arm: “Arm is magnificent. Rene Haas is doing an incredible job.”

      Ticker: GFS, DHR, CALM, WDAY, VRT, PSTG, ARM

       

      (6) [No Video Clip for non-Club members]  Don’t be an AI Luddite, says Jim Cramer (https://www.cnbc.com/video/2024/02/22/dont-be-an-ai-luddite-says-jim-cramer.html)

      ‘Mad Money’ host Jim Cramer gives advice on investing in AI after Nvidia reported stellar quarterly results.

       

      Other Stocks Discussed (calls with audience): Broadcom (AVGO) [buy buy buy], Rivian (RIVN), Airbnb (ABNB) I like ABNB very much, it is a solid buy], Coca Cola (KO) [good]

       

      Ref: Links to other sites that relate to episode of February 22, 2024

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