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Mad Money w/ Jim Cramer

Proofpoint CEO, Know Your IPO: Amwell & Stay-At-Home Staying Power?

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.3 • 4K Ratings

🗓️ 17 September 2020

⏱️ 46 minutes

🧾️ Download transcript

Summary

The Dow slipped 130 points and Jim Cramer’s taking a closer look at what made the market tumble today. Then, does the move to working from home have staying power? Cramer’s revealing some signals he’s watching that have influenced his thoughts. Then, with Amwell making its public debut, what should investors make of the telemedicine play? Cramer's digging deeper into the stock. Plus, as volatility in tech continues, Proofpoint CEO Gary Steele checks in to break down the cybersecurity company's recent downturn after reiterating 3Q20 and full-year guidance.

Transcript

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0:00.0

My mission is simple to make you money.

0:04.0

I'm here to level the playing field for all investors.

0:07.0

There's always a more work at Summer,

0:09.0

and I promised to help you find it.

0:11.0

The man money starts now.

0:14.0

Hey, I'm Kramer.

0:16.0

Welcome to Ma'am Money.

0:18.0

Welcome to Kramer America.

0:19.0

I'd be wanting to make friends of this, trying to make you some money.

0:21.0

My job is not just to entertain you, but to educate and teach you.

0:24.0

So call me at 1-800-743-CMBC, or tweet me at Jim Kramer.

0:29.0

Market seems reasonably priced until there's not enough money to keep buying the stocks and lead us higher.

0:36.0

And that is the brutal lesson we're learning.

0:38.0

In the wake of the shocking Snowflake IPO yesterday,

0:41.0

where buyers seemed indifferent to the share price.

0:44.0

If you wanted to buy Snowflake, you had to sell something else,

0:47.0

which triggered a sell-off in the NASDAQ,

0:50.0

and that declined spread today,

0:52.0

with the Dow dipping 130 points.

0:54.0

The S&B Falling 0.84%.

0:56.0

As that losing 1.27%, there's a lot of people calling the question,

0:59.0

what they're doing paying such high prices.

...

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