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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Monday, August 12, 2024. It also contains links to CNBC sites which contain video clips and transcripts.
(1) Cramer points out current economic issues some companies are ignoring (https://www.cnbc.com/2024/08/12/cramer-points-out-current-economic-issues-some-companies-are-ignoring-.html)
- CNBC’s Jim Cramer on Monday said a variety of companies won’t admit they’re hurting due to certain ongoing economic trends.
- “If companies would just own up to their changing circumstances, things would be so much easier for everybody. But who wants to admit that they made mistakes?” he asked.
- For example, Cramer said, some food and beverage companies are loath to acknowledge that the popularity of GLP-1 weight loss drugs could be hurting business.
(2) [No Video Clip for non-Club members] Executive Interview: Cleveland-Cliffs CEO Lourenco Goncalves goes one-on-one with Jim Cramer (https://www.cnbc.com/video/2024/08/12/cleveland-cliffs-ceo-lourenco-goncalves-goes-one-on-one-with-jim-cramer.html)
Cleveland-Cliffs CEO Lourenco Goncalves joins ‘Mad Money’ host Jim Cramer to talk quarterly results, recent acquisitions and more.
(3) [No Video Clip for non-Club members] If you think the Fed will start cutting look at home builder plays, says Jim Cramer (https://www.cnbc.com/video/2024/08/12/if-you-think-the-fed-will-start-cutting-look-at-home-builder-plays-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer explains which parts of the market could benefit from a Fed cut.
Ticker: BLDR, FERG, SWK [club name]*., HD
(4) [No Video Clip for non-Club members] Executive Interview: SharkNinja CEO Barrocas: We’re looking to enlarge the size of the markets we participate in (https://www.cnbc.com/video/2024/08/12/sharkninja-ceo-barrocas-were-looking-to-enlarge-the-size-of-the-markets-we-participate-in.html)
Mark Barrocas, SharkNinja CEO, joins ‘Mad Money’ host Jim Cramer to talk new products in its line up, quarterly results, market expansion and more.
(5) Cramer’s Lighting Round: ‘Steer clear’ of Albemarle (https://www.cnbc.com/2024/08/12/cramers-lighting-round-steer-clear-of-albemarle.html)
- Aflac: “It’s not my fave, not my fave. I do like Chubb in the insurance business. But that’s really about it.”
- Elevance Health: ”…United Health is still the cream of the crop.”
- Albemarle: ”…We’re going to steer clear of Albemarle.”
- Hawaiian Electric: “This was a conundrum…I’m not sure they know how to handle this situation.”
- Snap: “I think that Snap is really not, it’s not investable…They seem like an irrelevant company.”
- Applied Materials: “I think that the company is doing well. I think that the government is not crazy about their posture, because they do so much business in China…I think that AMAT is a buy.”
- Main Street Capital: “That’s a business development company. I have never trusted business development companies…I don’t know what they own, and I’m not going to recommend one.”
- Alibaba: “Here’s my problem with Alibaba— it is an incredibly cheap stock, alright. They’re going to report a great number, and then there’s always going to be something that people don’t like, and then they sell it down.”
Ticker: AFL, ELV, ALB, HE, SNAP, AMAT, MAIN, BABA
(6) Jim Cramer examines triggers for last week’s ‘opaque’ sell-off (https://www.cnbc.com/2024/08/12/jim-cramer-examines-triggers-for-last-weeks-opaque-sell-off-.html)
- CNBC’s Jim Cramer on Monday reviewed what could have led to last week’s massive sell-off, telling investors the declines may have been facilitated by failed market strategies from larger institutions.
- “What did happen when the market fell apart a week ago? Why is everything so opaque?” he asked. “Simple: Nobody in this business is required to talk about how they blew it, how they simply didn’t know what they were doing and lost a lot of money and caused your portfolio to get hammered as collateral damage.”
Other Stocks Discussed (calls with audience): Taiwan Semi (TSM) [This one is not going to be a problem], elf beauty (ELF) [I am worried about it], Paramount Global (PARA) [time to sell], Realty Income (O) [ I like the stock]
Ref: Links to other sites that relate to episode of August 12, 2024
- Podcast at Spotify (Sound from Spotify）
- Internet Archive (Video & Texts per minute）
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