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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, May 7, 2024. It also contains links to CNBC sites which contain video clips and transcripts.
(1) Cramer explains how to maintain a balanced portfolio as the economy slows (https://www.cnbc.com/2024/05/07/cramer-how-to-maintain-a-balanced-portfolio-as-the-economy-slows.html)
- CNBC’s Jim Cramer on Tuesday said Wall Street is going through a tricky stage of the business cycle, and told investors to keep a diverse portfolio while preparing for some losses.
- “I’m not telling you to relax, I don’t do that on this show — not with the averages so close to all-time highs,” he said. “I’m just saying we are going into the valley of death here, and you should fear no evil, as long as you have a balanced portfolio.”
Ticker: BLDR [closed -19% today; If FED had cut rates, BLDR would have soared], NUE, DIS [fell nearly 10% today], RACE [Ferrari fell 6% after reporting earnings today], KLG, MRK, PFE, LLY
“Bottom Line: As long as you have a balanced portfolio, you should fear no evil.”
(2) [No Video Clip for non-Club members] Executive Interview: Palo Alto Networks CEO Nikesh Arora goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2024/05/07/palo-alto-networks-ceo-nikesh-arora-goes-one-on-one-with-jim-cramer.html)
Palo Alto Networks Chairman and CEO Nikesh Arora joins ‘Mad Money’ host Jim Cramer to talk the state of the cybersecurity industry, the impact of AI and more.
Ticker: PANW
(3) [No Video Clip for non-Club members] Executive Interview: Logitech CEO Hanneke Faber sits down with Jim Cramer (https://www.cnbc.com/video/2024/05/07/logitech-ceo-hanneke-faber-sits-down-with-jim-cramer.html)
Logitech CEO Hanneke Faber joins ‘Mad Money’ host Jim Cramer to talk quarterly results, the evolving workplace, consumer trends and more.
Ticker: LOGI
(4) Executive Interview: Reddit CEO talks advertising, says consumers and companies are attracted to the platform (https://www.cnbc.com/2024/05/07/reddit-ceo-talks-advertising-after-first-quarter-revenue-beat.html)
- Reddit CEO Steve Huffman told CNBC’s Jim Cramer his company is commercial by nature, saying both users and advertisers are drawn to the platform.
- Reddit beat Wall Street’s revenue expectations for its first quarter, with shares popping in after-hours trading.
Ticker: RDDT
(5) Cramer’s Lightning Round: CME Group is a buy (https://www.cnbc.com/2024/05/07/cramers-lightning-round-cme-group-is-a-buy.html)
- Caterpillar: “I like CAT.”
- C3.ai: “I just don’t know how to value this stock, because they lose a lot of money. So I’m going to take a hard pass AI.”
- CME Group: ”[buy, buy, buy!] I like that company, very, very much.”
- Palantir: “I like that conference call very, very much…I say not to worry, that company is a good company to own right here, right now.”
- Tesla: “I’m struggling with Tesla.”
Ticker: CAT, JNJ [buy], AI, CME, PLTR, TSLA
(6) [No Video Clip for non-Club members] You can’t take financial advice from billionaires, their priorities aren’t the same, says Jim Cramer (https://www.cnbc.com/video/2024/05/07/you-cant-take-financial-advice-from-billionaires-their-priorities-arent-the-same-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer breaks down the difference between the ultra-rich’s investing strategies and everyone else’s.
Other Stocks Discussed (calls with audience): Lululemon (LULU) [still expensive; NKE is cheap], Exxon (XOM) [sell 1/4 and put to ET, sell another 1/4 and put to NPLX and keep the half to XOM]
Ref: Links to other sites that relate to episode of May 7, 2024
- Podcast at Spotify (Sound from Spotify）
- Internet Archive（Video & Texts per minute）
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