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2024-05-22 at 8:56 PM #8042暮眞★潤 (Jun Kurema)Keymaster
This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, May 22, 2024. It also contains links to CNBC sites which contain video clips and transcripts.
(1) Cramer says recent data shows the economy has cooled since the Fed’s last meeting (https://www.cnbc.com/2024/05/22/cramer-data-shows-the-economy-has-cooled-since-feds-last-meeting.html)
- CNBC’s Jim Cramer said minutes from the Federal Reserve’s most recent meeting may not hold much weight because of new economic data that indicates a cooling economy.
- The Fed minutes suggested members were concerned about inflation and apprehensive about cutting interest rates.
- The major averages declined as Wall Street fretted about the Fed comments.
(2) Executive Interview: Williams-Sonoma CEO explains how the company deals with a difficult housing market (https://www.cnbc.com/2024/05/22/ceo-explains-how-williams-sonoma-deals-with-a-difficult-housing-market.html)
- In a Wednesday interview with CNBC’s Jim Cramer, Williams-Sonoma CEO Laura Alber explained how her company handles a tough housing market.
- Alber said Williams-Sonoma is leaning into what it calls “easy updates,” or things consumers can do for their homes when they’re not moving.
- She also said the company is well positioned because it sells more than just furniture.
Ticker: WSM
(3) [No Video Clip for non-Club members] Sysco CEO Kevin Hourican sits down with Jim Cramer (https://www.cnbc.com/video/2024/05/22/sysco-ceo-kevin-hourican-sits-down-with-jim-cramer.html)
Sysco Chair and CEO Kevin Hourican joins ‘Fast Money’ to talk trends in the restaurant industry, its investors day, growth targets for the next 3 years and more.
Ticker: SYY
(4) Executive Interview: Snowflake CEO talks collaboration with Nvidia: ‘There’s a lot to come’ (https://www.cnbc.com/2024/05/22/snowflake-ceo-talks-collaboration-with-nvidia-theres-a-lot-to-come.html)
- In a Wednesday interview with CNBC’s Jim Cramer, Snowflake CEO Sridhar Ramaswamy indicated the cloud data company will collaborate further with AI giant Nvidia.
- Ramaswamy teased new product announcements at the company’s conference in June, which will feature a talk with Nvidia’s Jensen Huang.
Ticker: SNOW
(5) Cramer’s Lightning Round: ‘I would not be a buyer’ of Corning (https://www.cnbc.com/2024/05/22/cramers-lightning-round-i-would-not-be-a-buyer-of-corning.html)
- Corning: ”…It has not been able to generate the kind of return that I’ve wanted, I would not be a buyer all the way up here.”
- Axon: ”…I would hold off right now.”
- Recursion Pharmaceuticals Inc: ”…It’s a terrific spec, and I would buy it.”
- Intuitive Machines: “I’m not there on that…Not for me.”
- Kratos Defense: “I like defense contractors…I think you stay on it, maybe even buy more.”
- Merit Medical: “I think it’s good.”
Ticker: GLW, AXON, RXRX, LUNR, KTOS, MMSI
(6) [No Video Clip for non-Club members] Walmart’s crushing it while Target’s putting up largely in-line results, says Jim Cramer (https://www.cnbc.com/video/2024/05/22/walmarts-crushing-it-while-targets-putting-up-largely-in-line-results-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer compares the recent performance of big box retailers Walmart and Target to each other.
Ticker: TGT, WMT
Other Stocks Discussed (calls with audience): Disney (DIS) [too cheap, charitable trust is incline to buy more], Rivian (RIVN) , Arm Holdings (ARM)
Ref: Links to other sites that relate to episode of May 22, 2024
- Podcast at Spotify (Sound from Spotify)
- Internet Archive(Video & Texts per minute)
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