Jim Cramer tackles China being labeled as a currency manipulator by the U.S. Treasury Department, Take-Two's earnings and a recap of his rules for trading after hours.
Is China a Currency Manipulator?
The U.S. Treasury Department labeled China a currency manipulator late Monday.
Cramer wrote about it in his evening column on Real Money Monday.
Here's a sneak peek:
How much of the decline was a belief that this currency manipulation label could happen given that the President tweeted that's what China is? Did someone think that Treasury Secretary Steven Mnuchin would arrive at a different conclusion from his boss? Who do they think he is, Hamilton?
Don't Break These After Hours Rules
Stop breaking Cramer's rules for after-hours trading, folks.
In his morning column on Tuesday, here's what he wrote:
They violated every rule I have ever taught and I want to out these fools as reminders that you must never underestimate the ability of traders to do the dumbest of things. And as far as I am concerned, those trades and dozens of others like them, were the work of true morons.
Take-Two Interactive Beats Estimates
The company reported a fiscal first quarter, topping Street forecasts of 41 cents per share.
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