Mad Money w/ Jim Cramer 12/12/24
Mad Money w/ Jim Cramer
Deep Dive
Why did Jim Cramer believe Trump's pro-business stance was beneficial for the stock market?
Trump's unabashed love for business and his willingness to take credit for market gains created a sense of optimism among investors. His pro-business attitude, similar to Reagan's, made it easier for investors to stay committed to the market, even during downturns.
How did Trump's approach to business differ from Biden's, according to Jim Cramer?
Trump actively embraced the stock market, visiting the NYSE and signaling support for higher stock prices, while Biden showed little interest in the market, focusing more on antitrust actions and regulatory scrutiny of big tech companies.
What was Jim Cramer's view on the impact of Trump's policies on oil and gas production?
Cramer believed Trump's pro-oil and gas stance could help reduce inflation by increasing domestic oil production, which would lower prices. However, he noted that oil companies had previously overproduced during Trump's first term, leading to market volatility.
What did Jim Cramer highlight about the IPO of Service Titan?
Service Titan, an enterprise software company, had a successful IPO, with shares rising 42% from the initial price of $71. Cramer noted that while Trump had no direct involvement, the overall pro-business sentiment contributed to the positive market environment.
How did Jim Cramer interpret Trump's comments on corporate taxes?
Trump suggested further reducing corporate taxes, potentially lowering the rate from 21% to 15% for companies that manufacture in the U.S. Cramer viewed this as positive for investors, as lower taxes would increase corporate profits and, in turn, shareholder returns.
What was Jim Cramer's opinion on Trump's stance on crypto and AI?
Cramer found Trump's interest in crypto and AI reassuring, as it signaled a focus on maintaining U.S. leadership in these emerging technologies. He believed this could benefit investors in the long term, especially those with exposure to these sectors.
What did Jim Cramer say about the relationship between Trump and China?
Cramer noted that while Trump claimed to have a good relationship with China, he also emphasized that the U.S. would not be economically abused by other countries. This duality suggested a cautious but not hostile stance toward China, which Cramer found somewhat reassuring for markets.
How did Jim Cramer describe Marvin Ellison's leadership at Lowe's?
Cramer praised Ellison's transformative leadership at Lowe's, highlighting the company's focus on technology, product improvement, and customer service. He noted that under Ellison, Lowe's had significantly increased its pro customer penetration and improved operational efficiency.
What challenges did Marvin Ellison identify for Lowe's in the current economic environment?
Ellison pointed out that Lowe's faces challenges due to low housing turnover, consumer confidence issues, and the impact of inflation and interest rates. However, he expressed optimism about future growth once these macroeconomic factors improve.
What was Kevin Plank's strategy for reviving Under Armour, according to Jim Cramer?
Plank focused on redefining Under Armour's brand identity as the underdog, cutting unnecessary SKUs, and improving the company's go-to-market strategy. He also emphasized the importance of international growth and leveraging technology to enhance direct-to-consumer sales.
Shownotes Transcript