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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, May 8, 2024. It also contains links to CNBC sites which contain video clips and transcripts.
(1) Cramer says ongoing rally in utilities is a harbinger of economic slowdown (https://www.cnbc.com/2024/05/08/cramer-says-ongoing-rally-in-utilities-signals-an-economic-slowdown.html)
- CNBC’s Jim Cramer on Wednesday honed in on the Dow Jones Utility Average, whose rally over the last several weeks he said suggests the economy is slowing down and interest rates may be headed lower.
- “The utilities perform best when the economy’s throttling back,” he said. “If this index were just up for a week or even two weeks, I might ignore it. But for the [utilities] to rally this long, sorry, it is flashing red for the economy, telling us we’re headed into the shoals of a slowdown.”
(2) [No Video Clip for non-Club members] Executive Interview: Affirm CEO Max Levchin goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2024/05/08/affirm-ceo-max-levchin-goes-one-on-one-with-jim-cramer.html)
Affirm Founder, Chair and CEO Max Levchin joins ‘Mad Money’ host Jim Cramer to talk quarterly results, revenue from the Affirm card, and more.
Ticker: AFRM
(3) Jim Cramer says guidance really matters as Wall Street senses a slowdown (https://www.cnbc.com/2024/05/08/cramer-says-guidance-really-matters-as-wall-street-senses-a-slowdown.html)
- CNBC’s Jim Cramer on Wednesday said a company’s guidance can make or break its stock in this tricky market environment.
- “Welcome back to a very skittish market, one where investors aren’t interested in how you did, they only care about what you say you’ll do in the future,” he said. “So, if you aren’t offering a healthy, sharply better than expected forecast, well your stock is instant roadkill.”
(4) Executive Interview: Dutch Bros CEO details nationwide expansion strategy as company nears 900 locations (https://www.cnbc.com/2024/05/08/dutch-bros-ceo-details-expansion-strategy-company-nears-900-locations.html)
- Dutch Bros CEO Christine Barone discussed her company’s expansion strategy in an interview with CNBC’s Jim Cramer, saying the coffee chain focuses on training employees when they move to a new market.
- Barone said Dutch Bros is “on the path” to 4,000 stores and hit 876 locations this quarter.
Ticker: BROS
(5) Cramer’s Lightning Round: Cloudflare is a buy (https://www.cnbc.com/2024/05/08/cramers-lightning-round-cloudflare-is-a-buy.html)
- Cloudflare: “I say you buy, buy, buy right here.”
- Cognex: “Niche company…I kind of like it, makes money.”
- KKR: “They and Blackstone have been winners. I like them very much. I typically don’t like to recommend these companies because I don’t know what they own. But sometimes you just have to take the pedigree and realize they’ve been so good for so long, you’ve got to go with the flow.”
- Ecolab: ”[buy, buy, buy!]”
- Astera Labs: “Too high, let that one come in.”
Ticker: NET, CGNX, KKR, ECL, ALAB
(6) [No Video Clip for non-Club members] Executive Interview: Jim Cramer gets a read on REITs with Federal Realty Investment Trust CEO Don Wood (https://www.cnbc.com/video/2024/05/08/jim-cramer-gets-a-read-on-reits-with-federal-realty-investment-trust-ceo-don-wood.html)
Federal Realty Investment Trust CEO Don Wood joins ‘Mad Money’ host Jim Cramer to talk the state of real estate investing, its portfolio, tenant quality and more.
Ticker: FRT
Other Stocks Discussed (calls with audience): Intel Corporation (INTC), American Eagle Outfitters (AEO) [go with WMT or COST]
Ref: Links to other sites that relate to episode of May 8, 2024
- Podcast at Spotify (Sound from Spotify）
- Internet Archive（Video & Texts per minute）
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