Squawk on the Street

Cramer's Morning Take: Solar & Big Banks 9/11/24

Jim and Jeff discuss the boon for this solar stock from the presidential debate. They also take a deep dive into financials. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake
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Duration:: 5m
Broadcast on:: 11 Sep 2024
Audio Format:: mp3

CNBC Investing Club Disclaimer

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LinkedIn, the place to be to be. - Jim Kramer here to share with you a sample of my take on the market from today's CBC Investing Club morning meeting. - I do want to turn back to the debate. Well, if there was any winner last night from it, it seems to be the solar stocks. Maybe perhaps you had Trump say that he liked solar. It was in the middle of a rant. But then also we know Vice President Harris is in favor of renewable energy. So next tracker finally, it's been brutal. - Yeah, no, it's been horrible. I'm going to talk to Shogun, trying to figure out what's going on and how it could just have such a missed quarter when all that really happened was they pushed out things. And I came away thinking, okay, if Trump wins, this is a loser. And if Kamala wins, it's a winner. And I don't want it to be that. They actually make money. They have a real business. It is not like any of the other solar stocks, but it's being treated as just another fly-by-night solar. And you know that's untrue. - Now, well, certainly if with the rate cuts coming, inches rates are a big, increases the, it's all, they're all purchased on financing, these big solar utility scale solar projects. So lower rates will help. But also some, you know, some elections, certainly you might get a normalization here. - But remember, what this does, I think people have gotten awareness. What this does is make solar fields more efficient. - Right. - That is just the classic case of what you want. It's like a pick and shovel. - Yeah, Maximizing Yield. - Yeah, we did not buy it because we thought that solar was necessarily the hope of the future. We bought it 'cause we think that solar's gonna be 25% of the best prestige that is our country in 2030. That's what everybody agrees. But the only, there are two ways to do it. You have to build a lot of fields and you have to get more out of the fields. This isn't getting more out of the fields. - That's what it is. - Certainly we know electricity demands are gonna be increasing from all those data centers, especially when you had Oracle the other day, talk about, you know, 1,000 to 2,000 more data centers. Let's go back to the bank. So they got crushed yesterday after JP Morgan's COO, basically said 2025 estimates are too optimal. - A little bit too optimal. - I mean, I come back and say, okay, look, I did have some sport within this morning, but oh and squawk in the street. But it's not possible to predict 2025. They're really good bank CEOs. No, you can't do that because you can't do it right. So just to lower estimates was almost as if one of the most ill-advised strategies I've seen any exactly that. - Well, it's bringing all them down in uniform. You did have Morgan Stanley downgraded a Goldman today, basically saying there's other ways to play, or better ways to play the capital markets recovery, which would be their own bank today, would probably argue. - I know, but you have a yield here. - Yeah. It is a good debate Morgan Stanley vs Goldman Sachs. They all are coming in, obviously, Goldman has been. - Well, look, the Christmas morning, Ted Pick, what have they really done with the trade? And I would tell you what they've done with the trade. Absolutely nothing. (upbeat music) - Join the CNBC investing club with Jim Kramer, catch my member exclusive morning meetings every day at 10 20 a.m. Visit cmbc.com/morningtake to become a member today. That's one word, morning take. - All opinions expressed by Jim Kramer on this podcast and in connection with the CNBC investing club are solely Kramer's opinions and do not reflect the opinions of CNBC, NBC, Universal, or their parent company or affiliates, and may have been previously disseminated by Kramer on television, radio, internet, or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Kramer. The opinions offered in connection with this podcast and the CNBC investing club are not an attempt to induce any particular trading behavior, investment or strategy. You should be aware of the risk of loss and following any strategy or investment discussed in the content from Kramer. To view the full CNBC investing club disclaimer, please visit cmbc.com/investingclubdisclaimer. - Imagine earning a degree that prepares you with real skills for the real world. 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