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Stock Market Action Wednesday: Cramer on Netflix, Apple

Here's the latest stock market news including premarket movers like Netflix, buy-the-dip candidates and advice from Jim Cramer including Apple, Fisker and United Airlines.

Wall Street could face its first three-day losing streak in more than six weeks Wednesday as global stocks struggle to find direction amid a worrying resurgence in coronavirus infections.

Here is a recap of TheStreet's premarket coverage for Wednesday, Apr. 21:

5 Things You Must Know Wednesday

  1. Stock Futures Fluctuate Amid Virus Concerns
  2. Netflix Slumps as Subscriber Growth Stalls
  3. Wednesday's Earnings Calendar: Verizon and Chipotle
  4. Apple Launches iPad Pro With M1 Processor
  5. Plans Collapse for European Soccer Super League

Premarket Movers Wednesday

  1. Netflix  (NFLX) - Get Netflix Inc. Report | Decreasing -8.46%
  2. Norwegian Cruise Lines  (NCLH) - Get Norwegian Cruise Line Holdings Ltd. Report | Increasing +2.50%
  3. Tripadvisor  (TRIP) - Get TripAdvisor Inc. Report | Increasing +2.13%
  4. Abbott Laboratories  (ABT) - Get Abbott Laboratories Report | Decreasing -3.96%
  5. United Airlines  (UAL) - Get United Airlines Holdings Inc. Report | Decreasing -3.09%

Shares of cruise lines gained Wednesday after Goldman Sachs upgraded Norwegian Cruise Line amid expectations of a strong post-pandemic rebound in demand.

Here is a recap of the latest stock market action including the top stock gainers, buy-the-dip candidates, volume leaders and advice from Jim Cramer from Tuesday, Apr. 20.

Top Stock Gainers on Tuesday

  1. Kansas City Southern  (KSU) - Get Kansas City Southern Report | +15.25% Increase
  2. New Oriental Education  (EDU) - Get New Oriental Education & Technology Group Inc. Sponsored ADR representing 10 (Cayman Islands) Report | +6.46% Increase
  3. Fisker  (FSR) - Get Fisker Inc. Class A Report | +4.53% Increase
  4. BioNTech  (BNTX) - Get BioNTech SE Report | +4.48% Increase
  5. International Business Machines  (IBM) - Get International Business Machines Corporation Report | +3.79% Increase

Cramer said if everything goes right Fisker could be the next Tesla but it needs to execute. "It's a very interesting opportunity and I recommend it [Tuesday]," he said.

Buy-the-Dip Candidates

  1. Tripadvisor  (TRIP) - Get TripAdvisor Inc. Report | -10.39% Decrease Tuesday
  2. United Airlines  (UAL) - Get United Airlines Holdings Inc. Report | -8.53% Decrease Tuesday
  3. Virgin Galactic  (SPCE) - Get Virgin Galactic Holdings, Inc. Report | -6.59% Decrease Tuesday
  4. American Airlines  (AAL) - Get American Airlines Group Inc. Report | -5.48% Decrease Tuesday
  5. Ford Motor  (F) - Get Ford Motor Company Report | -5.45% Decrease Tuesday

Cramer said Virgin Galactic was a quizzical sale and he's not sure what to make of it. "She has had a lot of money come in but... there is a lot of questionable thinking there," he added.

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Cramer also talked about how he is "not a fan of the airlines" after United Airlines reported its financials. Cramer made an exception for Southwest  (LUV) - Get Southwest Airlines Company Report and Boeing  (BA) - Get The Boeing Company Report but was slightly concerned that Boeing stock was down Tuesday after its CFO Greg Smith announced he will retire in July. 

Tuesday Price Volume Leaders

  1. Tesla  (TSLA) - Get Tesla Inc. Report | 25,602,515 Shares Traded
  2. Apple  (AAPL) - Get Apple Inc. Report | 12,602,466 Shares Traded
  3. Amazon  (AMZN) - Get Inc. Report | 8,746,892 Shares Traded
  4. Netflix  (NFLX) - Get Netflix Inc. Report | 6,186,839 Shares Traded
  5. Coinbase Global  (COIN) - Get Coinbase Global Inc Report | 5,801,132 Shares Traded

Cramer’s missing Apple Watch episode helped him to understand one thing about Apple’s business and its stock. He then offered a warning to traders who try to time entries into Apple shares. Apple Maven covered the Spring-Loaded event Tuesday.

Netflix Inc shares tumbled in pre-market trading Wednesday after the streaming service said COVID disruptions would continue to dampen subscriber growth after a softer-than-expected first-quarter earnings report Tuesday. 

Cramer called Netflix the worst stock of the FANGs and said: "Netflix is a big reset" after its disappointing report.

Best of Jim Cramer for Thursday

Morning Bell: Cramer shared stock-market news including Peloton's safety issues, breakup chatter about Alphabet  (GOOGL) - Get Alphabet Inc. Report and a look back at the earnings season so far.

Stock Market Today: Cramer discussed the latest stock market news including Cathie Wood owned ARK ETF's stock sale of Virgin Galactic, the Fisker upgrade and markets on Tuesday.

Jim Cramer Live: Cramer and Katherine Ross talked about Dogecoin, United Airlines, Cathie Wood, Fisker, Abbott Laboratories  (ABT) - Get Abbott Laboratories Report and more.

Apple, Amazon and Alphabet are key holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells the stock? Learn more now.