The Dow, S&P 500 and Nasdaq are active today after a strong June jobs report that showed workers are starting to go back to work. Unfortunately, stocks have dipped from the first highs during the day after coronavirus cases in the US saw another increase yesterday.
TheStreet’s Katherine Ross discussed the latest news on the StreetLightning stock market with Jim Cramer. Cramer talks about buying Tesla stock after delivery, a message to Facebook and Mark Zuckerberg and what American Airlines should do now.
Tesla Stock: Buy or Sell?
Tesla crushed its vehicle delivery forecasts in the second quarter, sending the innovative car company even more. This prompted Wedbush to increase his price target from $ 1,000- $ 1,250 to $ 2,000 for the Elon Musk auto company. Tesla is now the most valuable automotive company and TheStreet looked at why Tesla’s shares can’t be made up.
Cramer believes that the reason Tesla is the most valuable automotive company is because it is a technology company.
A message for Mark Zuckerberg
Several companies are boycotting Facebook and joining the Stop Hate for Profit campaign launched by civil rights groups to stop spending on the social media giant. It’s not just about big corporations, as small businesses are also pausing their advertising spending on the platform. What does Mark Zuckerberg think about the latest controversy with his company? Mark says he is not concerned and that the advertising dollars will return.
Cramer wants Mark to know what to do now to stop the bad publicity surrounding Facebook.
American Airlines owes money to the government
American Airlines saw a stock pullback of around 46% and TheStreet looked at whether now was the best time to buy shares of the troubled airline. American was trying to raise $ 3.5 billion in debt financing at the end of last month. The shares have been mixed all week after the news that they would start selling at capacity starting in July, but would reduce their overseas capacity by 25%.
What does Cramer think the next move is for American Airlines?
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