Mad Money: Key points from March 8, 2024 (Friday) Episode

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      This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Friday, March 8, 2024.  It also contains links to CNBC sites which contain video clips and transcripts.

       

      (1) Cramer’s week ahead: Earnings from Adobe, Dollar Tree and Dollar General (https://www.cnbc.com/2024/03/08/cramers-week-ahead-earnings-from-adobe-and-dollar-stores.html)

      • CNBC’s Jim Cramer on Friday guided investors through next week’s most important happenings on Wall Street, highlighting Adobe’s earnings report, as well as ones from Dollar General and Dollar Tree.
      • He also said it’s important to keep an eye on new data scheduled to be released next week that helps measure inflation.

      “Bottom Line:  You need to keep an eye on the consumer and producer price index numbers … But don’t forget to follow individual companies, too.”

      (2) Jim Cramer reviews Citi’s European ‘Super Seven’ (https://www.cnbc.com/2024/03/08/jim-cramer-reviews-citis-european-super-seven.html)

      • CNBC’s Jim Cramer on Friday reviewed the “Super Seven,” mega cap European stocks Citi recently named as alternatives to the Magnificent Seven, but with lower valuations.
      • The Super Seven are: Novo Nordisk, ASML, LVMH, Richemont, SAP, Schneider Electric and Ferrari.

      European Super 7: NVO [a lot more room to run], ASML, LVMUY, CFRUY, SAP, SBGSY, RACE

      “Bottom Line: These are some great long-term winners that you should look to add in weakness.”

       

      (3) [No Video Clip for non-Club members] Off-the-Chart: Jim Cramer hits the charts to see where gold is headed after hitting record highs (https://www.cnbc.com/video/2024/03/08/jim-cramer-hits-the-charts-to-see-where-gold-is-headed-after-hitting-record-highs.html)

      ‘Mad Money’ host Jim Cramer takes a look at gold futures and where they are heading.

      “Bottom Line: Gold’s had a  big move, but the chartist thinks it has more room to run.”

       

      (4) [No Video Clip for non-Club members] Jim Cramer grades viewer portfolios on diversification (https://www.cnbc.com/video/2024/03/08/jim-cramer-grades-viewer-portfolios-on-diversification.html)

      ‘Mad Money’ host Jim Cramer takes viewer calls and grades their portfolios on diversification.

      • AMD, NVDA, MSFT, COST, BLDR –> add LLY, add GE, remove ADM and MSFT
      • CVX, LLY, V, BRK, WMT –> perfection
      • RIVN, UBER, CLSK, MCD, SMCI –> good
      • PFE, PANW, KHC, VZ, ABT –> remove PFE add GE, remove KFH add PG [PG is a charitable trust name]
      • NVDA, BRK, BLK [bullpen], ARM, TT –> remove ARM add LLY

       

      (5) Cramer’s Lightning Round: GE HealthCare can go higher (https://www.cnbc.com/2024/03/08/cramers-lightning-round-ge-healthcare-can-go-higher.html)

      • GE HealthCare: “You want a stock that goes higher? That’s GE Healthcare.”
      • BWX Technologies: “I like nuke, but the way I want to play it is Vernova, which is going to be spun off by GE in April…”
      • Qualcomm: “Qualcomm is a quandary to me because I don’t think they have the horse power to merit that stock being this high, but I understand people want to own it. It’s not for me.”
      • Ares Capital: “Here’s the problem with this company: I have no idea what they really own, and when I don’t know what they really own, I can’t get behind it, because I could be surprised. It’s had a good run though.”
      • Coherent: “Red-hot laser stock that actually has mojo, and I’m not going to tell you to not buy it. I am going to tell you, please wait for a little pullback.”
      • Pure Storage: “It took a long time to turn around, but it is a winner.”
      • Manhattan Associates: “It is a very, very good company…It’s a winner.”

      Ticker: GEHC, BWXT, QCOM, ARCC, COHR, PSTG, MANH

       

      (6) [No Video Clip for non-Club members] Costco is at the vanguard of the fight against inflation, says Jim Cramer (https://www.cnbc.com/video/2024/03/08/costco-is-at-the-vanguard-of-the-fight-against-inflation-says-jim-cramer.html)

      ‘Mad Money’ host Jim Cramer looks at Costco and the legacy of outgoing CFO Rich Galanti.

      Ticker: COST

       

      Other Stocks Discussed (calls with audience): Meta Platform (META) [You should stick with it no matter what], Alphabet (GOOGL) [It is what they can do that makes me what to keep it, not what it is doing], Toast (TOST) [it is doing well], Barrack Gold (GOLD) [disappointing, concerned about situation], ONEOK (OKE) [it is my favorite stock]

       

      Ref: Links to other sites that relate to episode of March 8, 2024

      Disclaimer

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