Mad Money w/ Jim Cramer 12/5/24
Mad Money w/ Jim Cramer
Deep Dive
Why did Jim Cramer recommend Bitcoin in the past?
Cramer first recommended Bitcoin in September 2021 when it was around $10,000. He believed in its potential as a store of value and investment opportunity.
What did Jim Cramer do with Ethereum after losing an auction for a Time Magazine cover?
Cramer bought Ethereum to participate in the auction but forgot to sell it afterward. He later cashed out and used the proceeds to buy a large farm.
Why did Jim Cramer feel irrelevant in the current market?
Cramer felt irrelevant because the market was heavily focused on cryptocurrencies like Bitcoin, which he had initially dismissed but later came to praise.
What did President Trump promise regarding Bitcoin during his campaign?
President Trump promised to establish a strategic Bitcoin reserve and make America the crypto capital of the world, which Cramer believes could be a significant boost for Bitcoin.
How did Costco perform since its IPO compared to Bitcoin?
Costco's stock price has risen significantly since its IPO, outperforming Bitcoin. For example, Costco hit an all-time high of $991, while Bitcoin reached $100,000.
What are some of the best-performing stocks since their IPOs?
Stocks like Amazon, Nvidia, and Palantir have seen massive gains since their IPOs. For instance, $1,000 invested in Amazon's IPO would be worth $2.94 million, and in Nvidia's IPO, it would be worth $2.32 million.
Why did Jim Cramer rename his dog 'Invidia'?
Cramer renamed his dog 'Invidia' to draw attention to Nvidia's stock potential. He believed Nvidia could be one of the greatest stocks ever.
What is Jim Cramer's view on AT&T's new strategy?
Cramer supports AT&T's new strategy of focusing on core connectivity businesses like wireless and fiber networks, away from media pursuits. He believes this will drive the stock higher.
How did the dollar stores perform in recent quarters?
Dollar stores like Dollar Tree and Dollar General saw improved performance with increased traffic and customer spending. However, they face challenges like heightened competition and potential trade issues.
What is Jim Cramer's advice on taking profits from high-performing IPOs?
Cramer advises taking some profits from high-performing IPOs to avoid regret if the market takes a downturn. This allows investors to play with the house's money.
- Cramer first mentioned Bitcoin in September 2021.
- Political endorsements, like Trump's, can significantly impact Bitcoin's value.
- Cramer suggests keeping 10% of a portfolio in Bitcoin as insurance.
Shownotes Transcript