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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, September 11, 2024. It also contains links to CNBC sites which contain video clips and transcripts.
(1) Cramer says to ‘keep it simple’ and celebrate any Fed rate cut as nerves run high (https://www.cnbc.com/2024/09/11/jim-cramer-keep-it-simple-and-celebrate-any-fed-rate-cut.html)
- CNBC’s Jim Cramer reflected on Wednesday’s volatile market action, telling investors not to overthink the situation and remember that any Federal Reserve rate cut is positive.
- “I say keep it simple: rate cuts are good,” he said. “Small rate cuts are great, because they project confidence and give you a lot more rat cuts later on, and they do not allow for panic.”
- Cramer also touched on the huge gains in tech that led the session’s rally, which came after several weeks of struggles.
(2) [No Video Clip for non-Club members] A 25 bps cut will be just fine for the economy, says Jim Cramer (https://www.cnbc.com/video/2024/09/11/a-25-bps-cut-will-be-just-fine-for-the-economy-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer looks ahead to next week’s FOMC meeting and what it could mean for the markets.
(3) Jim Cramer says GameStop feels like a ‘massively overvalued’ SPAC (https://www.cnbc.com/2024/09/11/jim-cramer-says-gamestop-feels-like-a-massively-overvalued-spac.html)
- CNBC’s Jim Cramer on Wednesday told investors that GameStop increasingly feels like a special purpose acquisition company as the videogame retailer’s primary business struggles, but it still manages to raise cash.
- SPACs are shell companies, also known as “blank check companies,” that enter the market and drum up capital in an attempt to merge with or acquire other companies.
Ticker: GME
(4) [No Video Clip for non-Club members] Timken is the kind of industrial you want to own when the Fed starts cutting, says Jim Cramer (https://www.cnbc.com/video/2024/09/12/timken-is-the-kind-of-industrial-you-want-to-own-when-the-fed-starts-cutting-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer digs into industrial play Timken.
Ticker: TKR
(5) Cramer’s Lightning Round: PayPal is a buy (https://www.cnbc.com/2024/09/11/cramers-lightning-round-paypal-is-a-buy.html),
- PayPal: “I am a buyer of PayPal.”
- Rivian: “Rivian’s got the money to be able to make it. That doesn’t mean that the stock is a buy, it does mean they’re going to make it. So, I would say you’ve got to let it percolate. But it’s not anytime soon.”
- Southern Company: “I think you’re fine…Let’s say it’s a baby growth story.”
- CVS: “I’m concerned about CVS…Let’s just keep it on ice for the moment.”
- Home Depot: ”…Home Depot is good.”
- Palantir: “Palantir is a cold stock. I don’t have anything to say about it.”
- Energy Transfer: “I am a buyer of Energy Transfer.”
Ticker: PYPL, RIVN, SO, CVS, HD, PLTR, ET
(6) [No Video Clip for non-Club members] Jim Cramer reflects on the 23rd anniversary of 9/11 (https://www.cnbc.com/video/2024/09/11/jim-cramer-reflects-on-the-23rd-anniversary-of-911.html)
‘Mad Money’ host Jim Cramer reflects on 9/11 on the 23rd anniversary.
Other Stocks Discussed (calls with audience): Jetblue (JBLU) [Don’t touch airline], Nextracker (NXT) [11 times earning, the stock is a buy among solar stocks], Celsius Holdings (CELH) [not a buy because not sure why it is going down], Godaddy (GDDY), Intel (INTC), Albertsons (ACI)
Ref: Links to other sites that relate to episode of September 11, 2024
- Podcast at Spotify (Sound from Spotify）
- Internet Archive (Video & Texts per minute）
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