Mad Money w/ Jim Cramer 12/2/24
Mad Money w/ Jim Cramer
Deep Dive
Why does a strong November generally translate into a strong December in the stock market?
It's about the mechanics of money management. When December rolls around, money managers often mimic the biggest winners of November, buying deep in the money call options on those stocks to participate in a well-established pattern.
What was the key factor behind Intel's decision to oust its CEO, Pat Gelsinger?
Intel's board was concerned about the company's declining market share to AMD in both servers and PCs, markets Intel once dominated. Gelsinger's inability to deliver on promises and strategic missteps contributed to the decision.
How did Shopify perform during the Black Friday weekend, and what does it indicate about online shopping trends?
Shopify merchants racked up $5 billion in total sales on Black Friday alone, setting a new record. This indicates that online shopping remains ascendant, with consumers increasingly buying from independent brands across various channels like social media.
What are the main challenges facing the PC upgrade cycle, and how are companies like Dell and HP responding?
The PC upgrade cycle is progressing more slowly than expected, driven by normal replacement needs rather than revolutionary AI functionality. Dell and HP are seeing stronger enterprise sales but weaker consumer demand. Dell is optimistic about next year due to an aging installed base and the end of Windows 10 support.
How did CrowdStrike manage to recover after a software update caused widespread tech issues earlier this year?
CrowdStrike focused on customer support and transparency, working closely with affected customers to resolve issues and rebuild trust. The company's strong performance and customer retention rates post-incident demonstrate its resilience and effective crisis management.
What is Jim Cramer's view on Intel's future after the CEO shakeup?
Cramer is cautiously optimistic, noting the appointment of well-respected co-CEOs and the potential for the company to invest federal aid wisely. However, he remains concerned about the daunting task ahead for Intel to regain its competitive edge.
- Mission: to make viewers money
- December market outlook: mimic November's winners
- Options trading strategy: buying deep in the money call options on November's winners
Shownotes Transcript