After spending most of the day in the red, the markets were mixed on Thursday, following the Fed's hawkish attitude on interest rates as the U.S. began two days of trade talks with China, and Tesla's (TSLA) - Get Report downward slide.
Jim Cramer: Elon Musk's Best Conference Call, Ever
"Finally, finally people are angry at Elon Musk for his boorish behavior on Tesla's conference call? Finally, they are fed up about how he treats analysts and how he gives his alternative set of facts?" asks TheStreet's Jim Cramer.
"Are you kidding me? Last night was his best conference call, ever. By far," writes Cramer.
Bad Markets Always Produce the Biggest Bounces
Real Money columnist James DePorre says, "Counter-trend trading in a market that is correcting can be very lucrative. It will depend on your particular style and time frame but the reversals that occur in a tape like this can make for some
great trading if you are very quick and flexible."
Tesla's Numbers Were Ugly with a Capital U: Market Recon
"Investors have long ignored fundamentals when placing value upon Tesla. Those who believe in the name, and it's CEO, Elon Musk, have been referred to as a cult following," notes Real Money columnist Stephen Guilfoyle.
"Perhaps the worst thing that could happen to this company could be to actually meet it's goals and turn itself into a profitable business. It is at that point that the cult following might fade, and the valuation would become something based on results, and not on a fairy tale," Guilfoyle says.
Join Jim Cramer May 5 for TheStreet's Boot Camp for Investors
Meet Jim Cramer and more than a dozen top market experts on Saturday, May 5, in New York for How to Diversify Your Portfolio: A Boot Camp for Investors.
- An exclusive market update from Jim.
- A keynote interview between Jim and PayPal CEO Dan Schulman.
- Break-out panels with top market experts like Tony Dwyer, chief market strategist at Canaccord Genuity; Mike Hanson, senior vice president of research at Fisher Investments; and Peter Hug, global trading director with Kitco Metals.
- Roundtable discussions with TheStreet's Carley Garner, Stephen "Sarge" Guilfoyle, Bob Lang and other columnists.
All attendees will also receive a free one-year subscription to our newest premium Web site, Retirement Daily (a $99 value).
Where: The Convene Center, 117 W. 46th St., New York
When: Saturday, May 5, 8:55 a.m.-2:45 p.m.
Price: $199. Includes a free one-year subscription to Retirement Daily (a $99 value)