One Tweet to Move the Market
In case you missed it, markets surged after the U.S. tweeter-in-chief took to Twitter to announce a “BIG” deal with China is “VERY” close ahead of the December 15 tariff deadline.
Markets got further legroom from reports from the Dow Jones that U.S. negotiators are putting delays of the same December tariffs on the table.
So what’s with the change in rhetoric? Cramer says China must have made a major concession. Catch his full take in the video above.
Cramer Is Bullish….About Tesla?
Yes, you caught that correctly. Despite typically being the first in the room to bring up the problems in Tesla (TSLA) - Get Tesla Inc Report stock, Cramer can’t help but be compelled by the demand Tesla is seeing, even after the debut of the Cybertruck was less than a smashing success. “The cars are better than I thought they would be at this point,” Cramer said.
“I thought when you through a rock through the window of a Cybertruck, something bad had to have happened,” he added. Catch his full on Tesla in his column on Real Money.
Lululemon and the Tale of Great of Expectations
Lululemon reported earnings per share of 96 cents, up 35% from 71 cents in the year-earlier quarter on revenue of $916 million. While it beat expectations on the top and bottom lines, the stock fell after issuing its earnings report. Cramer says this could be you opportunity to do a little athleisure shopping.
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