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Mad Money w/ Jim Cramer

Playing The AI Trend, A Closer Look At Charles Schwab & Breaking Down ChampionX 3/27/23

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.34K Ratings

🗓️ 27 March 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

The Dow climbed 200 points, with the S&P notching its third straight day of gains, and Jim Cramer is digging deeper into how Wall Street started the week. First, AI has become one of the biggest investing trends of 2023 and Cramer is revealing his picks to play the emerging space. Then, Charles Schwab fell as the latest victim of the banking scare - but is the downturn an opportunity for investors? Cramer's explaining why he's bullish on the stock at these levels. Plus, Cramer gives his take on ChampionX. 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 summer,

0:10.0

and I promise to help you find it.

0:12.0

Man money starts now.

0:17.0

Hey, I'm Cramer. Welcome to Man Money. Welcome to Cramer.

0:20.0

I'll be with my friends. I'm just trying to be some money.

0:22.0

My job is to entertain, to educate, and teach, and to call me at 1 8703.

0:26.0

See me see, tweet me at some Cramer.

0:28.0

No, no. The banking crisis isn't over.

0:32.0

But the other hand, at least there's a way to handle trouble banks.

0:35.0

A way to get out of this jam.

0:37.0

Oh, and to be sure, I'm downgrading this one from crisis to jam.

0:40.0

Because if you're jammed, you can get on jam. There's a way out.

0:44.0

That's what happened today. When we learned that some medium-sized alpha,

0:47.0

named First Citizens Bankshares, how does a Dardens symbol took over the failed Silicon Valley banks branches?

0:53.0

Loans and deposits. It is a sweetheart deal,

0:56.0

because they're buying 72 billion loans at a 16.5 billion dollar discount.

1:00.0

Now, the 90 billion SBB securities will remain in receivership.

1:03.0

I think a lot of the Silicon Valley bank loans, by the way,

1:05.0

are going to turn out to be good ones.

1:07.0

Now, what are First Citizens Bankshares saw and stocks soar nearly 54% today?

...

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