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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Monday, April 8, 2024. It also contains links to CNBC sites which contain video clips and transcripts.
(1) Cramer says the economy is strong, so ‘don’t hold your breath’ for Fed rate cuts (https://www.cnbc.com/2024/04/08/cramer-says-economy-is-strong-dont-hold-your-breath-for-rate-cuts.html)
- CNBC’s Jim Cramer reviewed last week’s nonfarm payroll report and highlighted the thriving economy, telling investors to not expect imminent rate cuts from the Federal Reserve.
- “If you’re hoping for Fed rate cuts … I say maybe don’t hold your breath. This economy doesn’t need them,” he said. “Just be glad we aren’t getting any more rate hikes.”
(2) [No Video Clip for non-Club members] Jim Cramer digs into gold prices with one of the world’s largest miners (https://www.cnbc.com/video/2024/04/08/jim-cramer-digs-into-gold-prices-with-one-of-the-worlds-largest-miners.html)
‘Mad Money’ host Jim Cramer digs into Barrick Gold stock as the rice of gold continues to climb.
(3) [No Video Clip for non-Club members] There’s reason to believe small-cap banks can do better this year, says Jim Cramer (https://www.cnbc.com/video/2024/04/08/theres-reason-to-believe-small-cap-banks-can-do-better-this-year-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer shares his small-cap financials picks.
Ticker: Radian Group (RDN), Piper Sandler Companies (PIPR), Texas Capital Bancshares (TCBI), Donnelley Financial Solutions (DFIN), World Acceptance Corporation (WRLD)
(4) [No Video Clip for non-Club members] Executive Interview: Ferguson CEO Kevin Murphy goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2024/04/08/ferguson-ceo-kevin-murphy-goes-one-on-one-with-jim-cramer.html)
Ferguson CEO Kevin Murphy joins ‘Mad Money’ host Jim Cramer to talk the state of the skilled labor market, its recent stock performance, and more.
Ticker: FERG
(5) Cramer’s Lighting Round: Vertex Pharmaceuticals is ‘terrific’ (https://www.cnbc.com/2024/04/08/cramers-lighting-round-vertex-pharmaceuticals-is-terrific.html)
- Hawaiian Electric Industries: “I still fear it after the environmental damage. I am concerned that you can’t really put a price on it…I think that the fires were too great, and therefore the stock could still go lower.”
- Excelerate Energy: “I think that the notion that there should be a pause in 2028 was one of the dumber things the administration’s done, because that canceled a lot of projects that need, take like five or six years to do. And that’s why that stock is going so low…I’d be willing to bet that they have to change that 2028, and that stock’s going to fly.”
- Sibanye-Stillwater: “That’s a strange company…We don’t know, really, enough about it. We know it has a yield, we know that it’s got good properties. Historically, I’ve liked Stillwater, I didn’t know the other part of it. So, I think you’re ok, but I will come back, because I don’t want to recommend something, and it turns out it doesn’t have the right assets.”
- Penumbra: “Medical device, I’m going to send you to Abbott Labs, because at $110, that’s the right stock to buy…I would rather see you in ABT than PEN.”
- Emerson Electric: “EMR is, now it’s working. I was upset that they did a hostile takeover. They fixed the situation, and the stock’s been a horse…So what can I say? It’s working. It didn’t work, and now it’s working.”
- Ford: “I think Ford’s doing well…the stock’s starting to come back, it is underperformed GM, but it is up 10% for the year, and I don’t think that’s all that bad…I do like the story, and I think that the trust has a big position, and I feel very good about it.”
- Vertex Pharmaceuticals: “Vertex is terrific. I love it, the CF, the CF franchise is just amazing, and it’s such a horrible disease. I think Vertex is very, very good.”
Ticker: HE, EE, SBSW, PEN, EMR, F, VTRX
(6) Jim Cramer explains why you should hold on to Alphabet stock (https://www.cnbc.com/2024/04/08/jim-cramer-explains-why-you-should-hold-on-to-alphabet-stock.html)
- CNBC’s Jim Cramer on Monday explained why it’s worthwhile for investors to keep Alphabet stock in their portfolios, lauding the continued success of its search business and company-owned YouTube.
- Bullish analyst notes on the stock quelled Cramer’s fears that new AI query systems will eventually become an “existential challenge” to Google’s search business.
Ticker: GOOGL
Other Stocks Discussed (calls with audience): AbbVie (ABBV) [At current $163, I will buy it again], Cava Group (CAVA) [I like CAVA right here, great fundamental], Block (SQ) [should have been upgraded], Goldman Sachs (GS) [sell quarter of the position, Charitable trust owns MS]
Ref: Links to other sites that relate to episode of April 8, 2024
- Podcast at Spotify (Sound from Spotify）
- Internet Archive（Video & Texts per minute）
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