Mad Money: Key points from July 31, 2024 (Wednesday) Episode

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      This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, July 31, 2024.  It also contains links to CNBC sites which contain video clips and transcripts.

       

      (1) Cramer says a rate cut might be imminent because consumers are so stretched (https://www.cnbc.com/2024/07/31/cramer-explains-why-a-rate-cut-might-be-imminent.html)

      • CNBC’s Jim Cramer on Wednesday detailed why he thinks the Federal Reserve will soon implement interest rate cuts.
      • “The long-awaited rate-cutting cycle may finally be upon us and not a moment too soon, because this is the quarter we discovered that we have a lot of people that don’t have the money for a hamburger in this country,” he said.
      • Cramer said even value bulwark McDonald’s seems to have “lost the mantle of affordability” and is feeling pressure to bring down prices.

      Ticker: MCD, DEO, SBUX, CMG

       

      (2)  [No Video Clip for non-Club members] Jim Cramer talks how REITs could benefit from a rotation (https://www.cnbc.com/video/2024/07/31/jim-cramer-talks-how-reits-could-benefit-from-a-rotation.html)

      ‘Mad Money’ host Jim Cramer takes a closer look at the REIT space.

      Ticker: SLG, BXP , CBRE

       

      (3) Jim Cramer recommends three media stocks that could do well in the run-up to the election (https://www.cnbc.com/2024/07/31/jim-cramer-recommends-three-media-stocks-in-the-run-up-to-the-election.html)

      • CNBC’s Jim Cramer on Wednesday pointed to three media stocks poised to do well as the presidential race tightens: Fox, The New York Times and Nexstar.
      • “As much as I really do loathe talking politics on the show, I think the suddenly close election gives you an opportunity to try to profit from some of the media stocks that are about to be inundated with both viewers and political ad dollars,” he said.

      Ticker: FOX.A, NYT, NXST

       

      (4)  [No Video Clip for non-Club members] Executive Interview: UL Solutions CEO Jennifer Scanlon goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2024/07/31/ul-solutions-ceo-jennifer-scanlon-goes-one-on-one-with-jim-cramer.html)

      UL Solutions President and CEO Jennifer Scanlon joins ‘Mad Money’ host Jim Cramer to talk quarterly results, battery safety and legislation, and more.

      Ticker: ULS

       

      (5) Cramer’s Lightning Round: Advanced Micro Devices is a buy (https://www.cnbc.com/2024/07/31/cramers-lightning-round-advanced-micro-devices-is-a-buy.html)

      • Vertiv: “OK, I like Vertiv very much, it’s very good. I do prefer, because it was down today, that you buy the stock of Dover.”
      • Serve Robotics: ”…There’s a gigantic secondary coming on, a lot of insider stock going, and I don’t like that. I don’t like to see that, because the company’s losing a lot of money. So, I don’t want to be there.”
      • Bank of Montreal: ”[buy, buy, buy!] I would be a buyer right here.”
      • Celsius: “I got to get to the bottom of Celsius. I mean, this thing has fallen — it looks like a two-for-one split.”
      • Advanced Micro Devices: ”[buy, buy, buy!] Just go buy some.”
      • Carnival: ”…I like Royal Caribbean more, and I like Viking more.”
      • Logitech: ”..I think Hanneke’s doing a really job…It could be a Christmas play, not so much now.”
      • Vistra: “This is one of the winners of the year. I think it’s going to continue to win…”

      Ticker :VRT, SERV, BMO [buy buy buy], CELH, AMD [buy buy buy], CCL, LOGI, VST, NOW

       

      (6) [No Video Clip for non-Club members]Alphabet’s AI spending may not be justified, says Jim Cramer (https://www.cnbc.com/video/2024/07/31/alphabets-ai-spending-may-not-be-justified-says-jim-cramer.html)

      ‘Mad Money’ host Jim Cramer looks at the state of play with the major AI players as earnings continue to roll in.

      Ticker: NVDA, MSFT, AMD

       

      Other Stocks Discussed (calls with audience): Caterpillar (CAT) [you got a winner, take a little and let the rest run], Shopify (SHOP) [I like the stock very much], Netflix (NFLX) [I like the company very much] (PARA) [ you have to sell, take the money and run]

       

      Ref: Links to other sites that relate to episode of July 31, 2024

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