Jim Cramer's Top Analyst on GameStop, GE, Tech Selloff, Stock Market Monday

Jim Cramer's senior analyst for Action Alerts PLUS Jeff Marks and Katherine Ross talk GameStop, GE and the tech selloff.
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It's Monday yet again. 

Jim Cramer is out this week, so Action Alerts PLUS senior portfolio analyst, Jeff Marks, is joining for the week. 

Recap Monday's episode of TheStreet Live in the video below and be sure to catch TheStreet Live every weekday at 10:30 a.m. ET:

General Electric

The company is reportedly close to an agreement to combine its jet-leasing business with AerCap--an Irish company--in a deal that could be valued at more than $30 billion. 

Per The Wall Street Journal, the announcement is expected later Monday.

The deal would merge the world’s two biggest aircraft financiers during a tough time for the aviation business, which has been hit hard by the coronavirus pandemic.

Watch: What AerCap Deal Says About GE Turnaround Plan 

Oil

Brent crude, the global benchmark, traded above $70 a barrel for the first time since January 2020 after Saudi Arabia said its oil infrastructure came under missile and drone attack from Iran-backed Houthi rebels. Saudi Arabia said the attacks were intercepted and oil output appeared to be unaffected, according to reports from Bloomberg and others, reported TheStreet's Joseph Woelfel. 

GameStop & Ryan Cohen

GameStop, on Monday morning, announced that it has formed a new committee--a Strategic Planning and Capital Allocation Committee--which will include Chewy co-founder Ryan Cohen. 

The committee is looking to hire "...two executives to lead the Company’s customer care and e-commerce fulfillment functions, respectively."

Breaking down this news, it means that Cohen will be leading the shift to e-commerce, which plays right into one of the bullish thesis that investors on r/WallStreetBets have: Cohen can turn around GameStop and help lead it to success by shifting the company to focus on e-commerce.

Hear what Marks only told members of Jim Cramer's Action Alerts PLUS investing club during Monday's Daily Rundown.