Morning Bell With Jim Cramer: Tesla Shares Will Keep Rising

The Dow is down over 100 points Friday morning in trading after President Trump tested positive for Covid-19. The S&P 500 and Nasdaq are also down in trading on Friday. 

In the last episode of Mad Money, Jim Cramer said America might need a stimulus bill, but the stock market definitely doesn’t.

TheStreet’s Katherine Ross and Cramer are on Street Lightning talking about Tesla shares rising, stimulus deal, Airlines’ layoffs, and buying Bed Bath & Beyond Earnings.

Bed Bath & Beyond: Buy or Sell?

Bed Bath & Beyond  (BBBY) – Get Report shares are up about 40% so far, helped along by the stock’s 33% gain on Thursday. The move came after the company delivered better-than-expected earnings.

The struggling retailer generated non-GAAP earnings of 50 cents a share, easily beating expectations by 79 cents. Revenue of $2.69 billion sank just 1.1% year over year and beat expectations by $70 million.

Group revenues, the company said, were essentially flat to last year at $2.7 billion, but topped analysts’ forecast of a $2.6 billion tally thanks in part to an 89% annual increase in online sales.

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