Mad Money: Key points from August 27, 2024 (Tuesday) Episode

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      This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, August 27, 2024.  It also contains links to CNBC sites which contain video clips and transcripts.

       

      (1) On the eve of Nvidia earnings, Cramer says you can’t judge the stock by ‘one static quarterly snapshot’ (https://www.cnbc.com/2024/08/27/on-the-eve-of-nvidia-earnings-cramer-explains-the-megacaps-value.html)

      • On the day before artificial intelligence powerhouse Nvidia is scheduled to report earnings, CNBC’s Jim Cramer reminded investors why he thinks the stock has intrinsic value, saying one can’t assess it based on the results of one quarter.
      • “When you think of all these wonders from Nvidia’s technology, you don’t sit there and worry about how massively they can beat the estimates in one particular quarter,” he said. “We can’t judge Nvidia like other companies, so we certainly can’t judge its stock by one static quarterly snapshot.”

      Ticker: NVDA

       

      (2) [No Video Clip for non-Club members] Kansas City Chiefs CEO Clark Hunt: Capital will be very helpful to teams as they grow their business (https://www.cnbc.com/video/2024/08/27/kansas-city-chiefs-ceo-clark-hunt-capital-will-be-very-helpful-to-teams-as-they-grow-their-business.html)

      Kansas City Chiefs Chairman and CEO Clark Hunt joins ‘Mad Money’ host Jim Cramer to talk recent vote by NFL owners to allow private equity investment in football teams.

       

      (3) [No Video Clip for non-Club members] Off-the-Chart: Jim Cramer goes off the charts with tech (https://www.cnbc.com/video/2024/08/27/jim-cramer-goes-off-the-charts-with-tech.html)

      ‘Mad Money’ host Jim Cramer looks at the Nasdaq 100 to get a read on the tech sector.

       

      (4) [No Video Clip for non-Club members] Jim Cramer revisits 2024′s largest IPOs (https://www.cnbc.com/video/2024/08/27/jim-cramer-revisits-2024s-largest-ipos.html)

      ‘Mad Money’ host Jim Cramer revisits 2024′s biggest IPOs.

      Ticker: LINE, VIK, AS, KSPI, WAY, ULS, RBRK, RDDT, ALAB, RTSG

       

      (5) Cramer’s Lightning Round: Paychex is a buy (https://www.cnbc.com/2024/08/27/cramers-lightning-round-paychex-is-a-buy.html)

      • Arm: “I like Arm. The stock has come down a great deal, and yet, at the same time, I think its business is actually accelerating.”
      • Energy Transfer: “I believe its dividend is indeed safe. I’ve been back and forth and back and forth on this, and I believe that they have the coverage, and it’s an inexpensive stock, and I like the pipeline companies very, very much here.”
      • Paychex: “I think Paychex with a 3% yield is a buy. I would buy some here, and then wait for some analysts to knock it don, buy even more. The company’s an excellent company.”
      • RTX: ”…I like the defense stocks, and this one’s my favorite.”

      Ticker: ARM, ET, PAYX,  RTX

       

      (6) Cramer talks Apple’s management shake-up: ‘This is the most seamless possible transition’ (https://www.cnbc.com/2024/08/27/cramer-talks-apple-cfo-shake-up.html)

      • CNBC’s Jim Cramer on Tuesday opined on Apple’s recent management shake-up, saying the chief financial officer transition will be smooth and it boosts his favorable attitude toward the stock.
      • The iPhone maker announced Monday it would replace CFO Luca Maestri with Kevan Parekh, who has worked at the company for more than a decade.

      Ticker: AAPL

       

      Other Stocks Discussed (calls with audience): Palo Alto Network (PANW) [worth own in], On Holding (ONON), Merck & Co (MRK), Disney (DIS) [need a new CEO]

       

      Ref: Links to other sites that relate to episode of August 27, 2024

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