Mad Money w/ Jim Cramer 7/22/24
Digest
This episode of Mad Money with Jim Cramer begins with a brief introduction and a promotion for CNBC Select's credit card rankings. Cramer then dives into his mission to help investors make money, discussing the current market landscape, which he describes as a "mega versus mega" stock world. He believes the 2024 election will significantly impact this divide. Cramer argues that Kamala Harris would be more favorable to big business than Joe Biden or Donald Trump, citing her understanding of Silicon Valley and her brother-in-law's experience in tech. Cramer analyzes American Express's recent earnings report, highlighting strong profitability despite a revenue shortfall. He argues that the sell-off was a mistake and a buying opportunity. He then discusses Intuitive Surgical's impressive earnings report, driven by strong sales and earnings growth. While acknowledging the stock's high valuation, Cramer believes it's justified by the company's performance and growth potential. Cramer addresses viewer questions about various stocks, including Hymn & Hers, Procter & Gamble, Vertex Pharmaceuticals, and Domino's Pizza. He also discusses Domino's Pizza's recent earnings report, highlighting the impact of a struggling franchisee and the company's focus on innovation and value. He interviews the CEO, Russell Weiner, to gain further insights. In the Lightning Round segment, Cramer answers viewer questions about various stocks, providing quick insights and recommendations. He concludes the episode by discussing the challenges faced by Nike and Starbucks in China, highlighting the impact of the country's economic slowdown and political climate. He expresses optimism about Starbucks's potential turnaround with the involvement of Elliott Management.
Outlines
Market Outlook and Company Analysis
Jim Cramer discusses the current market landscape, highlighting the "mega versus mega" stock world and the implications of the 2024 election. He analyzes American Express's recent earnings report, arguing that the sell-off was a mistake and a buying opportunity. He also discusses Intuitive Surgical's impressive earnings report, driven by strong sales and earnings growth.
Kamala Harris's Potential Impact on Big Business
Cramer argues that Kamala Harris would be more favorable to big business than Joe Biden or Donald Trump, citing her understanding of Silicon Valley and her brother-in-law's experience in tech.
Domino's Pizza Earnings and CEO Interview
Cramer discusses Domino's Pizza's recent earnings report, highlighting the impact of a struggling franchisee and the company's focus on innovation and value. He interviews the CEO, Russell Weiner, to gain further insights.
Viewer Questions and Stock Recommendations
Cramer answers viewer questions about various stocks, including Hymn & Hers, Procter & Gamble, Vertex Pharmaceuticals, and Domino's Pizza.
Lightning Round and China's Impact on Nike and Starbucks
Cramer answers viewer questions about various stocks in the Lightning Round segment, providing quick insights and recommendations. He discusses the challenges faced by Nike and Starbucks in China, highlighting the impact of the country's economic slowdown and political climate. He expresses optimism about Starbucks's potential turnaround with the involvement of Elliott Management.
Keywords
CNBC Select
CNBC Select is a platform that provides curated recommendations and rankings for financial products, including credit cards, bank accounts, and investment services.
Mega-cap Tech
Mega-cap tech refers to large technology companies with market capitalizations exceeding $200 billion, such as Apple, Microsoft, and Amazon.
Intuitive Surgical
Intuitive Surgical is a medical device company that manufactures and sells robotic surgical systems, primarily the DaVinci surgical system, used for minimally invasive surgery.
Domino's Pizza
Domino's Pizza is a multinational pizza restaurant chain known for its delivery and carryout services.
Elliott Management
Elliott Management is a prominent activist hedge fund known for its aggressive investment strategies and involvement in corporate governance.
Starbucks
Starbucks is a global coffeehouse chain known for its specialty coffee, tea, and other beverages, as well as its retail stores and brand recognition.
Nike
Nike is a multinational corporation that designs, develops, and sells athletic footwear, apparel, equipment, and accessories.
Q&A
What is Jim Cramer's outlook on the stock market in the context of the 2024 election?
Cramer believes the market will be divided between companies that benefit from mega-cap tech and those that don't, with the election potentially influencing this divide.
How does Cramer think Kamala Harris's potential presidency would impact big business?
Cramer believes Harris would be more understanding of big business than Biden or Trump, citing her experience in California and her brother-in-law's tech background.
What is Cramer's analysis of American Express's recent earnings report?
Cramer believes the sell-off following the report was a mistake, highlighting the company's strong profitability despite a revenue shortfall and its potential for future growth.
What is Cramer's view on Intuitive Surgical's valuation?
While acknowledging the stock's high valuation, Cramer believes it's justified by the company's strong performance and growth potential, making it a worthwhile investment.
What are Cramer's concerns about Domino's Pizza's recent earnings report?
Cramer is concerned about the impact of a struggling franchisee on the company's international growth prospects, but he remains optimistic about the company's US business and its focus on innovation and value.
How does Cramer view the challenges faced by Nike and Starbucks in China?
Cramer believes both companies are struggling in China due to the country's economic slowdown and political climate, but he is more optimistic about Starbucks's potential turnaround with Elliott Management's involvement.
Show Notes
Listen to Jim Cramer’s personal guide through the confusing jungle of Wall Street investing, navigating through opportunities and pitfalls with one goal in mind - to help you make money.
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