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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, October 8, 2024. It also contains links to CNBC sites which contain video clips and transcripts.
(1) Jim Cramer looks at Amazon and Apple and why it can be tough to sit on good stocks (https://www.cnbc.com/2024/10/08/jim-cramer-amazon-apple.html)
- CNBC’s Jim Cramer gave a lesson on why it’s difficult for some investors to sit on solid stocks.
- Pulling Apple and Amazon for examples, he described how some on Wall Street can get spooked by analyst downgrades, which can cost them down the line.
- “Analysts and commentators love to take aim at big long-term winners,” he said. “Their jeremiads have scared so many people out of some amazing gains.”
Ticker: AAPL, AMZN, HON [big position in charitable trust]
(2) Executive Interview: Generac CEO says pressure on the power grid ‘is only going to get worse’ from weather and technology (https://www.cnbc.com/2024/10/08/generac-ceo-says-pressure-on-the-power-grid-only-going-to-get-worse.html)
- Aaron Jagdfeld, CEO of generator company Generac, warned that the pressure on the power grid is only going to increase, burdened by a massive crop of new data centers and more severe weather.
- Jagdfeld said that during the first nine months of 2024, 1.2 billion hours were lost to outages in the U.S.
- Jagdfeld said the increased demand for technology like artificial intelligence and electric vehicles will continue to weigh on the grid.
Ticker: GNRC
(3) [No Video Clip for non-Club members]Regional banks do much better in a falling interest rate environment, says Jim Cramer (https://www.cnbc.com/video/2024/10/08/regional-banks-do-much-better-in-a-falling-interest-rate-environment-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer looks at another batch of his ‘YEV’ criteria stocks.
Ticker: KEY, HBAN, CFG
(4) [No Video Clip for non-Club members] You need to be ‘extra careful’ with private equity backed IPOs, says Jim Cramer (https://www.cnbc.com/video/2024/10/08/you-need-to-be-extra-careful-with-private-equity-backed-ipos-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer looks at market newcomer StandardAero.
Stock: Standard Aero [Buy right here]
(5) Cramer’s Lightning Round: ‘I like Target right here’ (https://www.cnbc.com/2024/10/08/cramers-lightning-round-i-like-target-right-here.html)
- Unity Software: ”…When they start making a lot of money, then give me a call.”
- Alumis: “That is a really, incredibly speculative situation. As long as you know it’s speculative, and you could lose everything on that one, go ahead. It’s not my cup of tea.”
- Target: “I’m going to buy some target at this price and then wait another five points and buy more. I like Target right here.”
- SoundHound AI: “I think SoundHound is a meme stock, it loses money.”
- Merck: ”…I think at these levels you want to buy the stock of Merck.”
Ticker: U , ALMU, TGT, SOUN, MRK
(6) [No Video Clip for non-Club members] Underperforming as CEO these days may actually get you fired, says Jim Cramer (https://www.cnbc.com/video/2024/10/08/underperforming-as-ceo-these-days-may-actually-get-you-fired-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer talks CEO accountability on Wall Street.
Ticker: NKE
Other Stocks Discussed (calls with audience): Palantir (PLTR) [cold stock, I would not buy, stay long], Carnival Corporation (CCL) [I prefer Royal Caribbean], Builders FirstSource (BLDR) [I like the stock but prefer HD], Home Depot (HD) [held by charitable trust]
Ref: Links to other sites that relate to episode of October 8, 2024
- Podcast at Spotify (Sound from Spotify）
- Internet Archive (Video & Texts per minute）
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