Everything Jim Cramer said about the stock market on 'Mad Money,' including Carnival cruises rally, Shopify COO

CNBC’s Jim Cramer said Wall Street is awarding companies, like Carnival, who have made outlook adjustments to account for the impact of the novel coronavirus on business. The “Mad Money” host sat down with Shopify COO Harley Finkelstein to get a read on the e-commerce company coming off its strong fourth-quarter earnings report.

Carnival cuts, rises

Members of media gather at the Diamond Princess cruise ship, operated by Carnival Corp., docked in Yokohama, Japan, on Friday, Feb. 7, 2020.

Toru Hanai | Bloomberg Getty Images

stock managed to bounce back as investors attempt to get ahead of the coronavirus story, CNBC’s said Wednesday.

Shares of the British cruise line operator rose more than 2%, despite the company’s warning that the novel virus outbreak could impact its bottom line this year.

Wall Street is “blessing any company that spells out its China losses, from Carnival, with its highly visible duo of plague ships, [to] and ,” the “Mad Money” host said. “When you see Carnival stock up 2.6% today on the possibility of a big but quantifiable chunk of earnings going away, well, you know this market is driven by hope.”

Direct to consumer

Harley Finkelstein, COO, Shopify

Scott Mlyn | CNBC

collected the big bucks during the holiday shopping season, and that’s indicative of emerging retail trends, Chief Operating Officer Harley Finkelstein told Cramer.

The e-commerce platform, which supplies businesses with means to sell products online, recorded almost $3 billion of global sales over the Black Friday to Cyber Monday shopping period last November, a 61% increase from the year prior.

“That is the example where direct-to-consumer is no longer a fad,” Finkelstein said in an interview. “It is now a steady state, and it’s being powered by Shopify. We’re at the center of that.”

Cramer’s lightning round

In Cramer’s lightning round, the “Mad Money” host broke down his thoughts on callers’ favorite stock picks of the day.

: “No. We like . We’re willing to give you Alibaba, [but] we’re not going to give you anything else. Why? Because we don’t trust them.”

: “I don’t even know what to say about them. They’re going nowhere fast.”

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money TwitterJim Cramer TwitterFacebookInstagram

Questions, comments, suggestions for the “Mad Money” website? madcap@cnbc.com

Powered by WPeMatico