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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Thursday, May 30, 2024. It also contains links to CNBC sites which contain video clips and transcripts.
(1) Cramer says enterprise software sector’s prominence may be winding down (https://www.cnbc.com/2024/05/30/cramer-says-enterprise-software-sectors-prominence-may-be-winding-down.html)
- CNBC’s Jim Cramer on Thursday told investors that enterprise software companies may not be as lucrative as they have been over the past few years as AI gains traction.
- “We may be at the beginning of the great unwind of most enterprise software and the great ascendancy, not of the people pictured with [Nvidia CEO] Jensen Huang, but of the ultimate clients who’ll use his wares to figure out how best to put their employees to work in a world where AI’s changing the entire business landscape,” he said.
Ticker: CRM
(2) Executive Interview: Best Buy CEO explains how the company is preparing to sell new AI-enabled computers (https://www.cnbc.com/2024/05/30/ceo-explains-how-best-buy-is-preparing-to-sell-ai-enabled-computers.html)
- Best Buy CEO Corie Barry told CNBC’s Jim Cramer the electronics retailer is getting ready to sell a slew of new artificial intelligence-enabled personal computers.
- “We are, as you can imagine, arming ourselves on every angle to be the single best place to come experience this,” Barry said. “So, you’re going to see physical demos of all the products that you can touch and feel and play with, and importantly, you’re going to see us certify and have zoned specialized associates at hundreds of our stores.”
Ticker: BBY [charitable trust name]
(3) [No Video Clip for non-Club members ] We weren’t bullish enough on Vistra, says Jim Cramer (https://www.cnbc.com/video/2024/05/30/we-werent-bullish-enough-on-vistra-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer looks at Vistra’s move higher.
Ticker: VST, CEG
(4) [No Video Clip for non-Club members ] Executive Interview: Hormel Foods CEO Jim Snee: Our legacy brands resonate with consumers (https://www.cnbc.com/video/2024/05/30/hormel-foods-ceo-jim-snee-our-legacy-brands-resonate-with-consumers.html)
Hormel Foods President and CEO Jim Snee joins ‘Mad Money’ host Jim Cramer to talk customer trends, quarterly results, the impact of weight-loss drugs and more.
Ticker: HRL
(5) Cramer’s Lightning Round: Beyond Meat is ‘too risky’ (https://www.cnbc.com/2024/05/30/cramers-lightning-round-beyond-meat-is-too-risky.html)
- Riot Platforms: “No, look. If we’re going to be in that, we’re just going to go buy Bitcoin or go buy Ethereum, either one is fine with me.”
- KLA: “Its tripled, I want you to take out half…Take half and let the rest run.”
- Beyond Meat: “No, don’t want to own that, way too risky.”
- Advanced Micro Devices: “I think AMD under $150 would be terrific…It’s real good, but it doesn’t have what Nvidia has.”
- Warby Parker: “It’s alright to buy.”
Ticker: RIOT, KLAC, BYND, AMD, WRBY
(6) [No Video Clip for non-Club members ] Jim Cramer on how to invest in the GLP-1 space (https://www.cnbc.com/video/2024/05/30/jim-cramer-on-how-to-invest-in-the-glp-1-space.html)
‘Mad Money’ host Jim Cramer looks at the GLP-1 space and how you should play the sectors impacted by it.
Ticker: LLY
Other Stocks Discussed (calls with audience): Estee Lauder (EL) [until see something good cannot keep buying, not as negative as street but not positive], Snowflake (SNOW) [collateral damage situation], ConocoPhillips (COP) & Marathon Oil (MRO), Boeing (BA) [toughest stock in SP500; you can continue to own it but do not buy more]
Ref: Links to other sites that relate to episode of May 30, 2024
- Podcast at Spotify (Sound from Spotify）
- Internet Archive (Video & Texts per minute）– Video was not recorded due to the change of air time (6PM –> 7PM)
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