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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Thursday, August 1, 2024. It also contains links to CNBC sites which contain video clips and transcripts.
(1) Cramer says the Fed’s reluctance to cut rates contributed to Thursday’s sell-off (https://www.cnbc.com/2024/08/01/cramer-says-feds-reluctance-to-cut-rates-added-to-thursdays-sell-off.html)
- CNBC’s Jim Cramer examined Thursday’s market action, attributing the day’s brutal sell-off to the Federal Reserve’s decision to hold rates steady.
- “To me, today’s terrible action in stocks was a function of the Fed not cutting rates yesterday,” he said. “The slowdown in the economy, the brown shoots as I call them, has gotten much more palpable — they’ve turned into brown fields, with whole sectors starting to lie fallow.”
(2) Executive Interview: Cummins CEO talks alternative fuel: ‘Hydrogen has to be a part of the answer’ (https://www.cnbc.com/2024/08/01/cummins-ceo-talks-alternative-fuel-hydrogen-has-to-be-a-part-of-the-answer.html)
- In a Thursday interview with CNBC’s Jim Cramer, Cummins CEO Jennifer Rumsey explained why hydrogen plays a role in the company’s strategy.
- “We need hydrogen, hydrogen has to be a part of the answer,” she said. “And the reason is, you’ve got renewable energy that we need to convert into some kind of fuel, transport, and have it available when we need it.”
Ticker: CMI
(3) [No Video Clip for non-Club members] Nextracker CEO Dan Shugar sits down with Jim Cramer (https://www.cnbc.com/video/2024/08/01/nextracker-ceo-dan-shugar-sits-down-with-jim-cramer.html)
Nextracker Founder and CEO Dan Shugar joins ‘Mad Money’ host Jim Cramer to talk quarterly results, the impact of tax credits, and more.
Ticker: NXT
(4) [No Video Clip for non-Club members] Executive Interview: We consider ourselves the ‘sleep well at night’ gold stock, says Agnico Eagle Mines CEO (https://www.cnbc.com/video/2024/08/01/we-consider-ourselves-the-sleep-well-at-night-gold-stock-says-agnico-eagle-mines-ceo.html)
Agnico Eagle Mines President and CEO Ammar Al-Joundi joins ‘Mad Money’ host Jim Cramer to talk quarterly results, the rising price of gold,
Ticker: AEM
(5) Cramer’s Lightning Round: Wells Fargo is a buy (https://www.cnbc.com/2024/08/01/cramers-lightning-round-wells-fargo-is-a-buy.html)
- Wells Fargo: ”…I think Wells should be bought right here.”
- Taiwan Semiconductor: “Taiwan Semi, there is political risk. I am not going to overlook the political risk, but I can tell you it’s a great company.”
- Tyler Technologies: ”…It’s a really good company with a stellar reputation.”
- Cemex: “That’s a dice roll…I have no conviction in that company whatsoever right now.”
- Lumen Technologies: “When we see parabolic moves, we cut our position in half, we let the rest run.”
Ticker: CRWD, WFC, ASTS, TSM, TYL, CX, LUMN
(6) [No Video Clip for non-Club members] Don’t let today’s drop overshadow changes coming in Big Tech, says Jim Cramer (https://www.cnbc.com/video/2024/08/01/dont-let-todays-drop-overshadow-changes-coming-in-big-tech-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer looks at Meta earnings and what we are seeing in the Big Tech space right now.
Ticker: META
Other Stocks Discussed (calls with audience):Ford (F), Tesla (TSLA), Home Depot (HD)
Ref: Links to other sites that relate to episode of August 1, 2024
- Podcast at Spotify (Sound from Spotify）
- Internet Archive (Video & Texts per minute）
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