Mad Money: Key points from March 7, 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, March 7, 2024.  It also contains links to CNBC sites which contain video clips and transcripts.

       

      (1) Cramer explains the economy by looking at the cost of potato chips and microchips (https://www.cnbc.com/2024/03/07/cramer-explains-economy-by-comparing-cost-of-potato-chips-microchips.html)

      • CNBC’s Jim Cramer on Thursday opined on the economy, remarking on the country’s sizeable wealth gap using a “chip” analogy.
      • He said wealthy investors and businesses are devouring microchip companies while the cash-strapped consumer balks at the inflated cost of food items like potato chips.

       

      (2) [No Video Clip for non-Club members] Executive Interview: Fortune Brands CEO Nicholas Fink sits down with Jim Cramer (https://www.cnbc.com/video/2024/03/07/fortune-brands-ceo-nicholas-fink-sits-down-with-jim-cramer.html)

      Fortune Brands CEO Nicholas Fink joins ‘Mad Money’ host Jim Cramer to talk the repair and remodel business, how it has faired in the housing crunch, its China business and more

      Ticker: FBIN

       

      (3) [No Video Clip for non-Club members] Executive Interview: We tend to be resilient in almost any cycle, says Azek CEO Jesse Singh (https://lexvid.com/secure/cle-course/5-ethical-blunders-of-attorneys)

      Azek President and CEO Jesse Singh joins ‘Mad Money’ host Jim Cramer to talk demand in teh housing space for its products, its operating channels, its stock growth over the past year and more.

      Ticker: AZEK

       

      (4) Executive Interview: After an earnings blow out, CEO explains how Gap is ‘reigniting’ its brand (https://www.cnbc.com/2024/03/07/after-earnings-blow-out-ceo-explains-how-gap-is-reigniting-its-brand.html)

      • After Gap’s earnings report topped Wall Street’s expectations on Thursday, CEO Richard Dickinson told CNBC’s Jim Cramer how his company is managing to turn its business around.
      • Dickinson took the helm at Gap, which has struggled over the past few years, a little over six months ago, having formerly served as the CEO of Mattel.

      Ticker: GAP

       

      (5) Cramer’s Lightning Round: Transocean is ‘too down and out’ (https://www.cnbc.com/2024/03/07/cramers-lightning-round-transocean-is-too-down-and-out.html)

      • Sprout Social: “I have to look at that company to be honest, because that’s in a hot spot, but the stock is not making money. And because the company’s not making money, I have said no. But that doesn’t mean I can be totally closed minded, because they’re supposed to have an earnings breakout. Let me do more work.”
      • MannKind: “It’s been hanging out there forever, and it’s finally starting to look like it’s going to have an earnings breakout, but I am one of those people who’s jaundiced about it. I got to wait to see if they come up with something.”
      • Riot Platforms: “I’d rather just own Bitcoin…Or the Ethereum ETF that’s going to be coming. Either one of those I think is superior to buying Riot Platforms.”
      • Dutch Bros: ”…They over expanded. I was upset that they did that, because it’s such a good brand. They seem to have gotten a little more religion, and they’re slowing things down, and that is going to make it so it’s a stock to own.”
      • Transocean: “Too down and out…I’ve just been around the oil patch too long to know that if you’re going to buy anybody in that space, you’re either going to have to buy SLB, the old Schlumberger, or you’re going to buy Halliburton, or you’re going to buy nobody.”
      • SoFi: “The stock ran, and it did this one and a quarter convertible senior note, and it crushed the stock. I don’t blame the people wanting to have that money at that price, but that’s what hurt it…And I still believe.”

      Ticker: SPT, MNKD, RIOT, BROS, RIG, SOFI,

       

      (6) [No Video Clip for non-Club members] Don’t buy right out of the starting gate, other horses may not be far behind, says Jim Cramer (https://www.cnbc.com/video/2024/03/07/dont-buy-right-out-of-the-starting-gate-other-horses-may-not-be-far-behind-says-jim-cramer.html)

      ‘Mad Money’ host Jim Cramer shares investing wisdom when it comes to buying into a stock during a hype cycle.

      Ticker: NVO, LLY, PANW, CRWD

       

      Other Stocks Discussed (calls with audience): General Electric (GE) [the stock goes higher], MU [you can get the stock mid-90 to high-80], Starbucks (SBUX) [buy buy buy], Coinbase (COIN) [I would not sell until the day of the Ethereum ETF.]

       

      Ref: Links to other sites that relate to episode of March 7, 2024

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