Mad Money w/ Jim Cramer 7/24/24
Digest
This episode of Mad Money with Jim Cramer delves into the current market rotation, analyzing the shift from mega-cap stocks to small-cap stocks. Cramer attributes this shift to investors locking in gains from mega-cap stocks and seeking growth opportunities in undervalued sectors. He examines the recent earnings reports of Alphabet and Tesla, arguing that the sell-offs in these stocks are not solely due to the rotation but also influenced by investor sentiment and market conditions. Cramer then explores the potential for small-cap stocks to outperform large-cap stocks in the current market environment, providing a list of the top 10 largest S&P 600 stocks by market cap. He highlights the potential for growth in these companies, emphasizing the importance of considering small-cap opportunities. The episode also features interviews with CEOs of prominent companies. Cramer discusses the strategic partnership between Salesforce and Workday to create an AI-powered employee service agent, gaining insights from Mark Benioff and Carl Ashton, the CEOs of Salesforce and Workday, respectively. He analyzes Thermo Fisher Scientific's strong second-quarter earnings report, highlighting the company's growth in all four end markets and its ability to capitalize on market share gains, with insights from CEO Mark Casper. Cramer also discusses Boston Scientific's strong revenue growth and earnings beat, highlighting the company's performance in cardiology, electrophysiology, and its Watchman franchise, with insights from CEO Mike Mahoney. The episode concludes with a Lightning Round segment where Cramer answers viewer questions, providing insights on various stocks and market trends.
Outlines
Market Rotation and Small-Cap Opportunities
This chapter discusses the market rotation away from mega-cap stocks and towards small-cap stocks, analyzing the reasons behind this shift and exploring the potential for growth in undervalued sectors.
Alphabet and Tesla Earnings Analysis
This chapter analyzes the recent earnings reports of Alphabet and Tesla, examining the factors contributing to the sell-offs in these stocks, including investor sentiment and market conditions.
Small-Cap Opportunities and the S&P 600
This chapter explores the potential for small-cap stocks to outperform large-cap stocks in the current market environment, providing a list of the top 10 largest S&P 600 stocks by market cap and highlighting their potential for growth.
Salesforce and Workday's AI Partnership
This chapter discusses the strategic partnership between Salesforce and Workday to create an AI-powered employee service agent, featuring interviews with Mark Benioff and Carl Ashton, the CEOs of Salesforce and Workday, respectively.
Thermo Fisher Scientific's Strong Earnings
This chapter analyzes Thermo Fisher Scientific's strong second-quarter earnings report, highlighting the company's growth in all four end markets and its ability to capitalize on market share gains, with insights from CEO Mark Casper.
Boston Scientific's Strong Revenue Growth
This chapter discusses Boston Scientific's strong revenue growth and earnings beat, highlighting the company's performance in cardiology, electrophysiology, and its Watchman franchise, with insights from CEO Mike Mahoney.
Keywords
CNBC Select
CNBC Select is a platform that provides financial advice and recommendations, including credit card rankings and investment strategies.
Mad Money
Mad Money is a popular CNBC television program hosted by Jim Kramer, known for its fast-paced and entertaining approach to financial news and investment advice.
Mega Caps
Mega-cap stocks are companies with market capitalizations exceeding $200 billion. They are often considered to be large, established companies with significant market influence.
Small Caps
Small-cap stocks are companies with market capitalizations between $300 million and $2 billion. They are often considered to be smaller, more agile companies with higher growth potential.
Rotation
Market rotation refers to the shift of investor capital from one sector or asset class to another. This can be driven by various factors, such as changes in economic conditions, interest rates, or investor sentiment.
Alphabet
Alphabet is the parent company of Google, a multinational technology company known for its search engine, cloud computing services, and other digital products.
Tesla
Tesla is an American electric vehicle and clean energy company known for its innovative electric cars, battery technology, and solar energy solutions.
S&P 600
The S&P 600 is a stock market index that tracks the performance of small-cap companies listed on the New York Stock Exchange and Nasdaq.
Q&A
What is driving the market rotation away from mega-cap stocks and towards small-cap stocks?
Investors are locking in gains from the recent run-up in mega-cap stocks and seeking opportunities for growth in undervalued sectors, such as small-cap stocks.
Why did Alphabet and Tesla experience sell-offs despite strong earnings reports?
The sell-offs were influenced by investor sentiment and market conditions, including the rotation towards small-cap stocks and concerns about the overall market environment.
What are some of the key small-cap stocks that Kramer recommends for investors?
Kramer recommends FaberNet, ATI, Ensign Group, Mule, and Installed Building Products as potential small-cap winners.
What is Elon Musk's vision for Tesla's future?
Musk envisions Tesla as a leader in humanoid robots, autonomous driving, and energy storage, believing that these technologies will drive significant long-term value for the company.
What is the strategic partnership between Salesforce and Workday?
Salesforce and Workday are collaborating to create an AI-powered employee service agent that will automate tasks, provide personalized support, and deliver data-driven insights to employees.
What are some of the key factors driving Thermo Fisher Scientific's strong earnings?
Thermo Fisher is benefiting from growth in all four end markets, market share gains, and the launch of new innovative products.
What are some of the key areas of growth for Boston Scientific?
Boston Scientific is experiencing strong growth in cardiology, electrophysiology, and its Watchman franchise. The company is also actively pursuing strategic acquisitions to expand its product portfolio.
What is the significance of Elon Musk's decision to stay at Tesla?
Musk's commitment to Tesla provides investors with confidence in the company's long-term vision and its ability to execute on its ambitious plans.
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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