Jim Cramer says he's 'intrigued' by these 10 top performing stocks

Summary

In this episode of 'Mad Money,' Jim Cramer discusses the stock market's performance in 2023, highlighting the dichotomy between bears who believe the rally is over and those who deny it happened. He emphasizes the importance of recognizing positive changes in companies like Disney and Salesforce, which have seen significant stock growth. Cramer also reviews the top-performing stocks of 2023, including Tesla, Align Technology, and Meta Platforms, attributing their success to a combination of market rebound, business improvement, and investor sentiment. He advises investors to look for opportunities in oversold stocks and to be cautious of heavily shorted stocks, suggesting that some may still have room to grow.

Takeaways

• 📈 The host aims to level the playing field for all investors and promises to help find bull markets.
• 📉 After a down day in the market, the host reviews the market's performance in 2023, highlighting two major camps: bears who think the rally is over and those who deny the rally happened.
• 💹 Disney's stock rose 8.8% in after-hours trading due to CEO Bob Iger's announcement of seeking $5.5 billion in savings and the possible return of the dividend.
• 🚀 Tesla's stock rebounded 63% in 2023 after a significant sell-off in the previous year, proving the host's point about market fluctuations.
• 🦷 Align Technology, known for Invisalign braces, turned around in Q4 2023, leading to a 58% stock increase.
• 🌐 Warner Bros. Discovery's stock became the fourth-best performer in 2023 due to a bounce back from a low share price caused by the spin-off from AT&T.
• 📱 Meta Platforms' stock soared 52% in 2023 after layoffs and an encouraging quarter focused on Instagram and Reels.
• 🎮 NVIDIA's stock also rose 52% in 2023, with the host suggesting that AI chat programs likely run on NVIDIA's technology.
• 🚢 Cruise line stocks like Carnival, Royal Caribbean, and Norwegian Cruise Line rebounded significantly in 2023 after being hit hard during COVID-19.
• 🏦 SVB Financial, a merchant bank with a deposit base, had a 40% rally in 2023, but the host notes that it's still far from recovering its value after a 66% drop in the previous year.

Q & A

What is the primary mission of the speaker in the 'Mad Money' segment?

The speaker's primary mission is to level the playing field for all investors by helping them find investment opportunities, regardless of their background or resources.

How does the speaker describe the two major camps in the market after a down day?

The speaker describes two major camps: the bears who believe the rally is over and done with, and another group of bears who refuse to acknowledge that the rally happened.

What significant announcement from Disney is mentioned in the script?

Disney's CEO, Bob Iger, is seeking $5.5 billion in savings, and there's a possible return of the dividend, which sent the stock up 8.8% in after-hours trading.

What does the speaker suggest about the market's reaction to Disney's changes?

The speaker suggests that the market is reacting positively to Disney's changes, as indicated by the stock's increase in after-hours trading.

Which stock is highlighted as having a significant rebound in 2023 after a tough year in 2022?

Tesla is highlighted as having a significant rebound in 2023, with its stock up 63% after being down 65% the previous year.

What is the speaker's opinion on the cruise line stocks' performance in 2023?

The speaker believes that cruise line stocks, which were horrendous performers during COVID, are bouncing back in 2023 as people are eager to take vacations and the industry is recovering.

What is the speaker's view on the performance of Meta Platforms in 2023?

The speaker views Meta Platforms as a surprising performer in 2023, with the stock soaring after layoffs and an encouraging quarter, making it the fifth best performer of the year.

What is the speaker's advice regarding the stocks of the top ten performers of 2023?

The speaker advises that the stocks of the top ten performers are overbought and suggests waiting for a couple more down days for a better buying opportunity.

What is the caller's question about Intuit in the 'Mad Money' segment?

The caller asks for the speaker's thoughts on Intuit, particularly regarding it as a long-term company and addressing concerns about its chart.

What is the caller's question about the federal oil reserves and the impact on oil prices?

The caller inquires about the economic implications of President Biden removing about three-quarters of the federal oil reserves filled by President Trump, and how this affects oil prices and potential investment opportunities.

What does the speaker suggest about the future of oil stocks?

The speaker suggests that oil stocks are a good investment, as they believe the demand for oil will increase, and there seems to be a floor at around $70 per barrel.