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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, July 24, 2024. It also contains links to CNBC sites which contain video clips and transcripts.
(1) Jim Cramer examines Wednesday’s brutal tech sell-off (https://www.cnbc.com/2024/07/24/jim-cramer-examines-wednesdays-brutal-tech-sell-off-.html)
- CNBC’s Jim Cramer looked at what might have caused Wednesday’s Big Tech declines, reviewing why investors may have been disappointed with earnings from Alphabet and Tesla.
- “Wall Street, it looks like it’s had it with the mega caps, doesn’t it? We don’t want to hear about the ‘Magnificent Seven’ anymore,” he said. “Everyone thinks these stocks have gone to unsustainable levels, so that they want to lock in gains and pivot to groups that have room to play catch-up, like the small caps.”
Ticker: GOOGL, TSLA
Smaller Caps: Fabrinet (FN), ATI Inc (ATI), Ensign Group (ENSG), SPS Commerce (SPSC), Mueller Industries, (MLI), Insight Enterprises (NSIT), Meritage Homes (MTH), SPX Tech (SPXC), Installed Building (IBP), Comerica (CMA)
(2) Executive Interview: Salesforce and Workday CEOs explain their new joint AI venture (https://www.cnbc.com/2024/07/24/salesforce-and-workday-ceos-explain-their-new-joint-ai-venture-.html)
- In a Wednesday interview with CNBC’s Jim Cramer, the CEOs of Salesforce and Workday discussed their companies’ new partnership to create an assistant powered by artificial intelligence.
- Both CEOs said the strength of this venture stems from the confluence of their large data sets.
Ticker: CRM, WDAY
(3) [No Video Clip for non-Club members] Executive Interview: Thermo Fisher Scientific CEO Marc Casper goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2024/07/24/thermo-fisher-scientific-ceo-marc-casper-goes-one-on-one-with-jim-cramer.html)
Thermo Fisher Scientific Chair, Presidenta and CEO Marc Casper joins ‘Mad Money’ host Jim Cramer to talk quarterly results.
(4) [No Video Clip for non-Club members] Executive Interview:Silk Road Medical is a terrific addition, says Boston Scientific CEO Mike Mahoney on acquisition (https://www.cnbc.com/video/2024/07/24/silk-road-medical-is-a-terrific-addition-says-boston-scientific-ceo-mike-mahoney-on-acquisition.html)
Boston Scientific Chairman and CEO Mike Mahoney joins ‘Mad Money’ host Jim Cramer to talk quarterly results, the acquisition of Silk Road Medical and more.
Ticker: BSX
(5) Cramer’s Lighting Round: Broadcom is ‘absolutely terrific’ (https://www.cnbc.com/2024/07/24/cramers-lighting-round-broadcom-is-absolutely-terrific.html)
- Adeia: “I would actually put Trade, TTD, which was down very badly today off of Alphabet, and I think that’s the one you want to buy.”
- Hecla Mining: “I’ve always been a believer in the gold stocks. It’s not always worked out, but right now it is. Yours is good….I prefer actually a mutual fund.”
- Jumia: “It’s not making a lot of money.”
- Broadcom: “I like Broadcom…I think it’s absolutely terrific. It’s going to get hammered along with the rest of the rotation.”
- AeroVironment: ”…All I know is that drones work, and, therefore, it’s a buy.”
Ticker: ADEA, HL, JMIA, AVGO, AVAV
(6) [No Video Clip for non-Club members] Musk is better than everyone else when it comes to businesses of the future, says Jim Cramer (https://www.cnbc.com/video/2024/07/24/musk-is-better-than-everyone-else-when-it-comes-to-businesses-of-the-future-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer looks at Tesla’s earnings call and how CEO Elon Musk handles the company.
Other Stocks Discussed (calls with audience): Rivian (RIVN) [if you want to buy 100, buy 50 now, and buy when it becomes $2 cheaper]
Ref: Links to other sites that relate to episode of July 24, 2024
- Podcast at Spotify (Sound from Spotify）
- Internet Archive (Video & Texts per minute）
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