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Beyond Frothy? What Jim Cramer Expects from the Markets, Trade Talks and FAANG

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The market is rallying for the sixth day in a row. 

What's Going on Between China and the U.S.?

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.

Ross said that he doesn't believe that a definitive trade deal can be reached between the two countries at the summit. 

Beyond Meat's Downgrade

Real Money Stock of the DayBeyond Meat (BYND) - Get Free Report was downgraded by underwriter J.P. Morgan Tuesday.

"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.

The House Judiciary's Hearing on Big Tech

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 Free Report , Alphabet (GOOGL) - Get Free Report and Amazon (AMZN) - Get Free Report .

Related. Jim Cramer: There Are Clear Signs of Froth, but Is This Market Out of Control?

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