This is the transcript of Monday’s “Home Stretch.”
>>> Hi, I’m Jim Cramer.
The end.
Today is not a good day.
today is not a good day
for profit taking.
i think there is acceptance
Too early.
By the way, I don’t believe it.
But it is common.
it’s the moment people want
low risk and reliable
It’s reasonable given what lies ahead.
>> Market is growing steadily
Start of the year.
we see upward movement
some commodities, and
Copper is one example.
maybe people are trying
Position above the Fed
wednesday meeting
Powell thinks it’s going to be a little
More frisky than expected,
they are trying to protect
against the negative side.
it leads to many things
today’s defense sector,
What I don’t have
Staples, worked all year long,
utilities, and finance
possess wealth, and
the energy is downward,
Tech, and —
>> No energy surprises.
You should mention Halliburton
It’s going well.
>> yeah it’s the only energy
S&P 500 stocks included
green today.
the rest of the group is down
because the energy is down
Oil prices are falling.
>>Let’s see it
The second.
apparently people are saying
about to resume, it should
There is a difference.
New York is 50 degrees.
50 degrees again
tomorrow.
people are feeling, wait
Second, perhaps the season
End, and no snow.
we are in finance
business, so just understand
It’s warmth.
don’t fool yourself.
it’s just warmth
what is going on
here are some things
Really, really interesting.
I want to mention NVIDIA
The second.
we are chatting
>> CHATGPT, yeah.
>> And NVIDIA is a little
every time.
But it’s us who matter
still have to deal with the high
performance computing issues,
and you’re gonna see the real thing
profit.
We have high hopes for NVIDIA
Partially AS I than AMD
Previously mentioned if you ask me
my biggest concern
AMD and NVIDIA when it comes
for a good portion of us
Holdings, and QUALCOMM WE KICK
almost every day.
>> That’s right.
where did you find that note today
They are basically Intel,
because they had such excess
Stock, all these OEMs, THE
PC makers sit like mountains
Possibilities of Intel PPC
Cause of PPC fix
lingers, and we need to see
more certainty.
>> important thing when it comes
these are all people
cut back.
Can’t check if it’s SAMSUNG
reduction, and it’s price
confuse everything.
will have faith
samsung does not keep
flooded ones.
PC down 20%.
Big problem.
we are not going to see anything
From HP to February.
Please note that I am concerned
AMD and NVIDIA.
Let’s go beyond the top 5.
It was really nice to meet the woman
Are you starting to do better?
>> yeah, other names are working
I have a certain thing today
Corporate — some activists or
what do you have around it
Like SALESFORCE,
Please refresh the board.
multiple activists involved
in stock.
At the same time, Amazon, they
almost became an activist
talk to national
instruments and stocks
Plunge of about 10%
several days passed
We were talking about acquisitions,
and now they
A more friendly conversation.
>>you know what i think they thought
when they’re in your feet
was hostile.
>> Look, I represent the club of
people who own this stock, and
THEY SAID WHO ARE YOU TO SAY
what you want?
I said I’m a shareholder and
important people
leave while you are closed
transaction.
They asked how I knew it and
i said i was around
Long time.
I’m not trying to be Jacks.
>> yeah this is a distraction
you don’t want
From 97 on the news
about 88, and stock is
about 90 people today
down day.
>>I like it.
Wells Fargo, I tell you,
we are right
five years ago, five years ago
years ago next week
hammer.
there is always the possibility
All about consent issues
covered, completed,
You can start a buyback
actively.
>> have to wonder if charlie
I am there now.
>> Let’s go downside.
As for J&J, J&J
Third circuit, okay.
It’s an appeals court.
you can wear a legal hat
here.
they are fighting now —
they’re doing all the singles
Case, okay, trying to exhaust
Plaintiff, and at the same time
time they have a second track
What is the highest hope
The court took up the case and
because what would it have
Realize and eventually enact law
it says we’re about to end
bankruptcy charade
When a company goes bankrupt
How to deal with things and us
Use the J&J WAY.
J&J, I think, I believe
Supreme Court Conservative
enough to actually be by your side
they.
No call from J&J.
it was mine before
what i understand
I want to.
I said to Jeff, look, I think we’re us
Must buy but then I pulled
I couldn’t buy it so I returned
without checking whether
The company wants change —
The statement they made was very
vague.
>> said they fully committed
to backstop the funding of
Subsidiary they funded.
they are trying to speed up
process and make more
Efficient, because it takes everything
The case to court is long
process, and we want their eyes
on the ball, don’t get involved
in legal proceedings;
>> you want to know how stupid
this is?
they have a master, A
Mustardkett that handles a lot of things
It doesn’t work if
so.
The system is very – it is
Commonwealth.
we gotta get it like the best
The court hears it.
>> When J&J is below cost
Foundation, that’s when we build
our move and we said it
175 to 170, 168, NOT
Not enough.
162, I’m still thinking about that quarter
they reported last week, they
’23 Earnings Exceeded Above
consensus.
they didn’t get the credit
that.
>> company, you just can’t
Please purchase without confirmation.
I hope to hear from Jake
>> yeah they were fully booked
for the holidays.
I don’t see anything here
than profit taking.
>> After the transaction closes, it
mostly automatically
Good temperature in housing.
Before tomorrow’s bell rings
Caterpillar.
>> yeah, looking for weakness
purchase.
When looking ahead one year
now or two years from now
Consider all expenses
made on the infrastructure side,
It’s a multi-tail ear for them.
>> UPS, I think I’m going
Mention labor issues.
>> That’s interesting.
yes.
>> It will hurt and GM — Ford
I’m telling you to stop worrying
Regarding the price reduction
Still make money with Mach E.
understand going to florida
for college tours
University of Miami, graduate
here wednesday night.
i will be in miami on thursday
put on a show on thursday and
Jeff is
Strengthen some of this.
>>there are good things
no shortage of news
there are many companies
report, so there will be
I have a lot to talk about.
>> Again, I just want to say
you don’t hear me “home”
Stretch, “It’s because I am”
Even in flights and teaching classes.
>> lots of fun stuff.
>> Thank you.
good bye.