Locator: 48765CRAMER.
See disclaimer.
In addition, this is being done on the fly. My comments are interspersed with Jim Cramer's comments and it's very difficult to parse. This is not intended for anyone other than me. I recommend that folks not read this post. I'm doing it for my own edification.
I only watch Jim Cramer when the market is in bullish mood. When things are negative, I do not watch CNBC or Jim Cramer.
My "reading" of Cramer is often wrong. In fact, much of what I post as opinion / comments is wrong. That's fine.
He began:
- GE / GE Aerospace
- JNJ
- United
He didn't even mention TSM in the opening.
Long opening on GE Aerospace. Posts 2Q25 beat. Cash flow doubling going forward?
Carl Q, in a non sequitur, brings up Air India 171 in passing. CNBC, like everyone else, is two weeks behind on this story. Cockpit voice recorder shows left-seat pilot calm as the jet was going down. The right-seat co-pilot was in a panic, yelling "mayday, mayday, mayday" as the plane was going down. I thought it ridiculous that Carl Q even brought this up, and Cramer pretty much shut down that conversation. It's a non-story for investors.
Just as firing Powell is a non-story.
Firing Powell. Brought up by Carl Q and Cramer quickly moved on with a lot of mumbo-jumbo -- in other words, he's not following this story.
Interview with Pepsi CEO. Sara Eisen did the interview. Sara very, very giddy on the results. CEO with staccato accent very calm, bland, and ho-hum. Pepsico is down 6% for the year. Down 15% for the full year. Okay. This is the kind of company Charlie Munger liked and Warren Buffett likes.
Pepsi has to react to RFK, Jr. CEO says he's ready to take on RFK, Jr, in many, many different ways. Will follow the consumer, and not RFK, Jr. Jim Cramer brought up the "sugar cane" issue. It's an issue because sugar has become very expensive. "Sugar cane" -- think US sugar, not imported sugar. But "cane sugar" vs "corn syrup"? I don't understand. My prompt to ChatGPT:
What's the difference between "cane sugar" and "corn syrup"? Why would President Trump ask cola companies to switch to "cane sugar"?
Bottom line, from ChatGPT:
From a nutritional standpoint, both cane sugar and HFCS are empty calories and metabolized similarly. Health experts say the difference is marginal, but public perception strongly favors cane sugar. It's an interesting answer from ChatGPT.
Jim Cramer on "cane sugar": the way to go, but it's not going to happen.
Commercial break at 8:28. Next: market opening.
Finally, TSM is mentioned just before the opening.
Bob Iger rings the bell from Disneyland, celebrating its 70th year. Wow, look at all the employees behind him.
Netflix. Earnings later. Price target raised significantly. Then Apple brought up in the conversation. Emmy nominations.
UNP????
BRK!!!!! Yet to shake out. Even more downside? Cramer seems very, very negative. Buffett is way too tax-concerned; Buffett waits too long to sell, but says if one buys BRK, one is buying a lot of good companies. Selling BofA???
Lucid, Rivian: absolutely, positively, investors do not want to be in these. Lucid is not the DeLorean, but it's close. Of all the things Cramer said this morning, he was most clear on this. Investors don't need to be in Rivian or Lucid. His wife owns a Rivian but he asks her, if Rivian needs servicing, where does she take it? Crickets.
MP is down 6% at the opening, but Carl Q and Cramer blow it off; due to public offering. Buying opportunity
Cramer is very, very upset with Abbott Labs (ABT). Cramer, not happy. Will have CEO on his show tonight. Very, very upset.
Health insurers: he thinks this sector is going to keep going down. Elevance Health (ELV) was the topic. It's all about cuts to Medicaid that come after the mid-terms. Cramer is amazed that no one seemed to have seen this coming.
Other subjects:
UK deal.
Dow has turned positive after economic numbers released this morning.
