Happy hump day!
Here's what investors need to know about the markets now that the rally has seemed to deflate.
Jim Cramer breaks down whether or not Tesla (TSLA) - Get Report CEO Elon Musk can make the company profitable and why Dave & Buster's (PLAY) - Get Report came up short of expectations when they released earnings after the bell Tuesday.
The Market Recharge
In his column late Tuesday afternoon, Jim Cramer broke down why he thinks that the market rally wasn't sustainable:
"But the endless rally needs fuel, and without it you end up with what you got Tuesday, a soggy session that reminds you stocks can go down, too," wrote Cramer.
So, is the market going down just a sign that it's time for it to recharge? Cramer weighs in.
Can Tesla Be Profitable?
At a shareholders meeting late Tuesday, Real Money Stock of the Day Tesla CEO Elon Musk discussed profitability.
Musk said, "profitability is always challenging when you're a fast-growing company."
So, do these comments mean that Musk no longer believes that the company will be profitable after Q4 2019? Here's what Cramer thinks.
Dave & Buster's Earnings
Dave & Busters posted earnings after the bell Tuesday night.
The company posted sales and profits that missed analyst expectations and promptly fell in after-hours trading.
Dave & Buster's, in its earnings call, said, "While new store performance remained strong, comparable store sales were below expectation as this year's Easter calendar shift proved challenging..."
Does this quarter change how Cramer looks at the company?
Ask Cramer: 3 Signs a Market Has Gotten Frothy