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Why Jim Cramer Is Watching Ford and Bed Bath & Beyond Tuesday

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Jim Cramer's watching two stocks in the market on Tuesday, Jan. 12. 

The first one is Ford  (F) - Get Ford Motor Company Report

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.

And then there's Bed Bath & Beyond  (BBBY) - Get Bed Bath & Beyond Inc. Report

Watch the video above to see what Cramer thinks about Ford and Bed Bath & Beyond.

Watch: Everything Jim Cramer Is Watching in the Stock Market Tuesday 

Curious about what Jim Cramer and his team at Action Alerts PLUS are watching in the markets? Watch Cramer's exclusive members-only Daily Rundown show on Action Alerts PLUS following TheStreet Live.

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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