Breaking Down Dick's Sporting Goods, Off The Charts: Money Supply & August Losers Part 3 8/23/23

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.3 • 4K Ratings

🗓️ 23 August 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Dow snapped a 2-day losing streak, with the Nasdaq extending a 3-day win streak, and Jim Cramer is digging into the day's action. First, Dick's Sporting Goods fell after reporting earnings - Cramer's breaking down the quarter and giving his take on what investors should do after the stock's decline. Then, could a key economic indicator be showing signs of a rally ahead? Cramer's going Off The Charts on the money supply to see how its driven markets in the past and what it's signaling. Plus, Cramer continues his series on his picks amongst August's biggest losers. Mad Money Disclaimer

Transcript

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0:00.0	My mission is simple, to make you money.
0:05.0	I'm here to level the playing field for all investors.
0:08.0	There's always a more market somewhere,
0:10.0	and I promised to help you find it.
0:12.0	Man money starts now.
0:17.0	Hey, I'm Kramer.
0:19.0	Welcome to Man Money.
0:20.0	Welcome to Kramer.
0:21.0	I've got a few McFriends.
0:22.0	I'm just trying to make you a little money.
0:24.0	My job.
0:25.0	Not just entertained, but then you can't teach.
0:27.0	Call me at 1-800-7-4-3-CBC, or tweet me at Kramer.
0:31.0	The consumers met his hell, and she's not going to take higher prices anymore.
0:37.0	Over the last few days, we've heard that the consumers either capped out,
0:40.0	perhaps by inflation, perhaps by spending too much, or has gotten to the point
0:44.0	where she doesn't want to spend any more, unless it's one travel.
0:47.0	Even there, we've got growing uncertainties.
0:50.0	The impact on stocks is simple.
0:52.0	Money managers are increasingly putting their dollars on tech stocks,
0:55.0	especially enterprise software, and steering clear of companies.
0:58.0	They serve the consumer.
	...

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