Mad Money: Key points from May 24, 2024 (Friday) Episode

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      This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Friday, May 24, 2024.  It also contains links to CNBC sites which contain video clips and transcripts.

       

      (1) Cramer’s week ahead: Earnings from Costco, Dell, Ulta and Dollar General (https://www.cnbc.com/2024/05/24/costco-dell-ulta-and-dollar-general-earnings.html)

      • CNBC’s Jim Cramer guided investors through next week on Wall Street, highlighting earnings reports from a number of big retailers.
      • “We have some very exciting companies reporting next week, ones that revolve around whether the consumer’s fatigued, maybe taking a break, trying to figure out what to do, we’re not quite sure,” he said.

       

      (2) [No Video Clip for non-Club members] Executive Interview: UL Solutions CEO Jennifer Scanlon speaks with Cramer after first earnings report since going public (https://www.cnbc.com/video/2024/05/24/ul-solutions-ceo-jennifer-scanlon-speaks-with-cramer-after-first-earnings-report-since-going-public.html)

      Jennifer Scanlon, UL Solutions CEO, joins CNBC’s “Mad Money” fresh off the company’s first earnings since going public.

      Ticker: ULS

       

      (3) After a better-than-expected quarter, Cramer is optimistic on Macy’s turnaround (https://www.cnbc.com/2024/05/24/after-a-better-than-expected-quarter-cramers-optimistic-on-macys.html)

      • CNBC’s Jim Cramer on Friday reviewed Macy’s most recent quarter, saying he’s pleased with the retail giant’s progress so far.
      • “It’s early days for the Macy’s turnaround. … It’s going to unfold gradually over the next three years,” he said. “I’m sure there’ll be highs and lows along the way. But this week, we heard about a lot of progress in the initial few months of that effort, and I got to tell you, I’m feeling really good about Macy’s.”

      Ticker: M

       

      (4) [No Video Clip for non-Club members] Jim Cramer gives his take on communication stocks Cisco and Verizon (https://www.cnbc.com/video/2024/05/24/jim-cramer-gives-his-take-on-communication-stocks-cisco-and-verizon.html)

      CNBC’s Jim Cramer fields questions from viewers about stocks like Cisco and Verizon to help them answer the question: Am I diversified?

      • PG [club name], KO, CSCO, VZ, BRK-B — perfect, diversified
      • TSLA, AMZN, TMO, KTB, COIN — great portfolio
      • META, RDDT, SHAK, WM, KKR — perfect diversification
      • AVGO, CMG, DECK, GS, VRTX  — great portfolio
      • AMZN, HON [held for charitable trust], MSFT, LLY, AMD — keep MSFT and get rid of AMD, add UNP

       

      (5) Cramer’s Lighting Round: Sell AMC (https://www.cnbc.com/2024/05/24/cramers-lighting-round-sell-amc.html)

      • Moderna: “I still think that Bancel has it, I really do.”
      • Comfort Systems: “HVAC is king. I like Comfort Systems.”
      • Sunoco: “I like Sunoco. I like this group, I would prefer to be ETP. I think that’s the better one of them.”
      • Celestica: “They’re terrific…What a comeback.”
      • AMC Entertainment: “I want you to sell…Take out your cash, let the rest run.”
      • Uranium Energy: ”[buy, buy, buy!].”
      • Inspire Medical Systems: “We have to wait and see whether they can make money before we recommend it.”

      Ticker: MRNR, FIX [buy buy buy], SUN, CLS [buy buy buy], AMC, UEC [buy buy buy], INSP

       

      (6) [No Video Clip for non-Club members] Jim Cramer puts the market volatility into context and helps you navigate it (https://www.cnbc.com/video/2024/05/24/jim-cramer-puts-the-market-volatility-into-context-and-helps-you-navigate-it.html)

       

      Other Stocks Discussed (calls with audience): Soundhound (SOUN), HP Inc (HPA),  The Cheesecake Factory I(CAKE) [you should own it], Chipotle (CMG) [great buy, strong buy], Adobe (ADBE) [difficult]

       

      Ref: Links to other sites that relate to episode of May 24, 2024

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