Mad Money: Key points from July 16, 2024 (Tuesday) Episode

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      This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, July 16, 2024.  It also contains links to CNBC sites which contain video clips and transcripts.

       

      (1) Jim Cramer examines Tuesday’s rally, says some investors missed out on gains (https://www.cnbc.com/2024/07/16/jim-cramer-examines-tuesdays-rally-says-some-investors-missed-out.html)

      • CNBC’s Jim Cramer examined why the market rallied on Tuesday, saying buyers were encouraged by last week’s consumer price index report, and that many anticipate former President Donald Trump will win in November.
      • Cramer emphasized that investors who haven’t already bought into this market have missed their chance to take advantage of the rally.
      • The market broadened beyond Big Tech on Tuesday, with Wall Street bullish on small-cap and cyclical stocks.

       

      (2) [No Video Clip for non-Club members] I don’t see a reason to back down from a bullish stance on Morgan Stanley, says Jim Cramer (https://www.cnbc.com/video/2024/07/16/i-dont-see-a-reason-to-back-down-from-a-bullish-stance-on-morgan-stanley-says-jim-cramer.html)

      ‘Mad Money’ host Jim Cramer looks at Big Bank earnings and shares his take on the stocks.

      Ticker: GS, MS [charitable trust owns MS]

       

      (3) [No Video Clip for non-Club members]  Off-the-Chart: Investors are being punished for diversification but it’s the safest strategy, says Jim Cramer (https://www.cnbc.com/video/2024/07/16/investors-are-being-punished-for-diversification-but-its-the-safest-strategy-says-jim-cramer.html)

      ‘Mad Money’ host Jim Cramer looks at the broadening rally and pros and cons of diversification.

       

      (4) [No Video Clip for non-Club members] Executive Interview: Consumers are very focused on value, says HundredX CEO Rob Pace  (https://www.cnbc.com/video/2024/07/16/consumers-are-very-focused-on-value-says-hundredx-ceo-rob-pace.html)

      HundredX Founder and CEO Rob Pace sits down with ‘Mad Money’ host Jim Cramer to talk the state of the consumer and where people are and are not putting their money.

       

      (5) Cramer’s Lightning Round: Don’t sell Match Group (https://www.cnbc.com/2024/07/16/cramers-lightning-round-dont-sell-match-group.html)

      • Fortinet: “I think Fortinet is not my favorite. Palo Alto is, we own it for the Charitable Trust.”
      • Air Products: “You really don’t want to be in Air Products, you want to be in Linde. Linde’s a much better run company, and that’s why Air Products isn’t doing as well , and Linde’s doing spectacularly.”
      • Sarepta Therapeutics: “I think Sarepta is a speculative situation where they have great science. I am never going to bet against a biotech company with great science, therefore I bless owning the stock. It’s too risky for me, but it’s ok if you want to be there.”
      • Match Group: “Don’t sell Match, you’ve just got a very, very smart investor in there. You’ve got Starboard, there’s been other activists there too, and I think the Starboard letter, which I read this morning, is superb. And Match has to make the changes that Starboard recommends.”
      • BJ’s Wholesale Club: “BJ’s Wholesale is very good. My problem is, is why would I want the very good when I can get the best, which, of course, is Costco.”
      • Toast: “The problem with that is, is that you are investing in retail by doing that. And I do not want to be as exposed to retail right now, and so that’s the only reason why I do not want to own the stock of Toast.
      • Teva Pharmaceutical: “Teva’s ok…I like best of best, I like best of breed. That means I like Eli Lilly.”
      • Viking Holdings: “I think Viking’s terrific. I would put Royal Caribbean and Viking at the top of the heap. They are both excellent.”

      Ticker: FTNT, APD, SRPT, MTCH, BJ, TOST, TEVA, VIK

       

      (6) Cramer explains the discrepancy between the reality of the economy and consumer sentiment (https://www.cnbc.com/2024/07/16/cramer-explains-discrepancy-between-the-reality-of-economy-and-consumer-sentiment-.html)

      • CNBC’s Jim Cramer on Tuesday pointed out that there is a discrepancy between the market’s performance and the general sense of pessimism that many Americans feel towards the economy.
      • “The market, which reflects the reality of the economy, is benefitting plenty of people, but not nearly enough to change the mood of the nation,” he said.

       

      Other Stocks Discussed (calls with audience): Snowflake (SNOW) [stay away], Lululemon (LULU), Meta Platforms (META), PayPal (PYPL) [sell]

       

      Ref: Links to other sites that relate to episode of July 16, 2024

      Disclaimer

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