Jim Cramer's tackling the possibility of a trade deal between China and the U.S., Beyond Meat (BYND) was downgraded by J.P. Morgan Tuesday and the House Judiciary committee is kicking off its hearings on big tech.
U.S.-China Trade Talks
Wilbur Ross, the Secretary of Commerce, talked to CNBC early Tuesday morning about the U.S.-China trade relations and whether or not the two countries can come up with a deal at the G20 Summit at the end of June.
Wilbur Ross to CNBC: Definitive China deal can't be made at G20— TheStreet (@TheStreet) June 11, 2019
Should investors prepare for the worst? Cramer shares his thoughts on the trade talks:
No More Beyond Puns?
"As we wrote last week, 'at some point, the extraordinary revenue and profit potential embedded in BYND... will be priced in' - we think this day has arrived," wrote analyst Ken Goldman.
The stock was downgraded from overweight to neutral.
Since the IPO last month, Beyond has shot up 576%. How will this downgrade impact investor appetite for Beyond Meat?
FAANG's Under Pressure
The House Judiciary Committee on Tuesday is kicking off its hearing into big tech.
Last week, the committee unveiled a sweeping "top-to-bottom" review of unnamed tech companies, the first probe of its kind by Congress, following reports of a dual effort from the Department of Justice and the Federal Trade Commission to tackle the perceived dominance and potential abuses of tech giants such as Apple, Facebook (FB - Get Report) , Alphabet (GOOGL - Get Report) and Amazon (AMZN - Get Report) .
How can tech investors protect themselves if the FAANG stocks take a hit from the investigations?
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