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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Thursday, August 15, 2024. It also contains links to CNBC sites which contain video clips and transcripts.
(1) Cramer uses last week’s sell-off to explain why a market bottom can be hard to catch (https://www.cnbc.com/2024/08/15/cramer-explains-why-a-market-bottom-can-be-hard-to-catch.html)
- CNBC’s Jim Cramer continued his discussion of last week’s massive decline, explaining why it can be difficult for investors to recognize and take advantage of a market bottom.
- “There will be other buying opportunities in the future, other crazy sell-offs, but let’s remember that, very often, these market meltdowns are driven by nothing,” he said. “What happened two weeks ago was pure market mechanics — nothing to do with the fundamentals — so keep that possibility in mind the next time the averages get clubbed.”
(2) [No Video Clip for non-Club members] Executive Interview: Jacobs Solutions CEO Bob Pragada sits down with Jim Cramer (https://www.cnbc.com/video/2024/08/15/jacobs-solutions-ceo-bob-pragada-sits-down-with-jim-cramer.html)
Jacobs Solutions CEO Bob Pragada goes one-on-one with ‘Mad Money’ host Jim Cramer to talk quarterly results.
Ticker: J
(3) Cramer says Walmart’s strong quarter may not be indicative of consumers as a whole (https://www.cnbc.com/2024/08/15/cramer-says-walmarts-strong-quarter-may-not-represent-consumers-as-a-whole.html)
- CNBC’s Jim Cramer reviewed Walmart’s quarter, suggesting the big-box retailer’s strong results are due to its successful business strategy and aren’t necessarily indicative of a favorable consumer landscape.
- “Don’t make the mistake of assuming that Walmart’s results give you some kind of generic read on the consumer,” Cramer said. “You can’t just extrapolate from the best operator in the industry to everyone else.”
Ticker: WMT [more room to run]
(4) [No Video Clip for non-Club members] Jim Cramer does his homework on Forestar Group (https://www.cnbc.com/video/2024/08/15/jim-cramer-does-his-homework-on-forestar-group.html)
‘Mad Money’ host Jim Cramer talks viewer call-in stock Forestar Group and shares his take on the company.
Ticker: FOR
(5) Cramer’s Lightning Round: Ally Financial is a buy (https://www.cnbc.com/2024/08/15/cramers-lightning-round-ally-financial-is-a-buy.html)
- Snowflake: ”…It’s kind of like the long knives are out for those guys right now. I think I’m going to hold off from recommending it.”
- Royalty Pharma: “I always thought there was going to be more to this stock than there has been. It’s really been a bit of a bust…It’s just a so-so situation.”
- Core Scientific: “Core Scientific is a very overvalued situation, principally because of the fact that it’s never made any money. But it is another play on crypto. If you like crypto, buy crypto.” ”
- Ally Financial: ”[buy, buy, buy!]”
Ticker: SNOW, RPRX, CORZ, ALLY [buy buy buy], NCLH [I like RCH], PFE, BIDU
(6) [No Video Clip for non-Club members] Building data centers will be a huge, profitable business for a long time, says Jim Cramer (https://www.cnbc.com/video/2024/08/15/building-data-centers-will-be-a-huge-profitable-business-for-a-long-time-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer talks the future of the data center story.
Ticker: NVDA, SMCI
Other Stocks Discussed (calls with audience): AT&T (T) [Let go], Nucor (NUE) [do not sell], TJX [wait until after the earning, as it tends to collapse], Cava (CAVA) [I like it]
Ref: Links to other sites that relate to episode of August 15, 2024
- Podcast at Spotify (Sound from Spotify）
- Internet Archive (Video & Texts per minute）
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