Jim Cramer's watching two stocks in the market on Tuesday, Jan. 12.
Ford announced on Monday, Jan. 11 that it was shutting its Brazil production and cutting about 5,000 jobs.
Ford will cease production at the Camaçari, Taubaté and Troller plants during 2021, "as the covid-19 pandemic amplifies persistent industry idle capacity and slow sales that have resulted in years of significant losses."
Ford said it expected to record pretax charges of about $4.1 billion for the moves.
Production at Camaçari and Taubaté will stop immediately, with some parts production continuing for a few months to support inventories for aftermarket sales. The Troller plant in Horizonte, Brazil, will continue to operate until the fourth quarter.
Watch the video above to see what Cramer thinks about Ford and Bed Bath & Beyond.
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