Morning Bell With Jim Cramer: Coinbase and Crypto

Stock futures traded lower Monday as Wall Street came off a rough week driven by concern about how rising inflation would affect the U.S. recovery.

In the most recent episode of “Mad Money,” TheStreet Founder Jim Cramer said this week’s earnings would revolve around consumer spending. He also cautioned that some retail stocks have already run big going into their earnings reports, while others have a lot of catching up to do.

TheStreet’s Katherine Ross and Cramer are talking about how to trade Plug Power, Coinbase and crypto and inflation in the economy.

Plug Power: Buy Or Sell?

Plug Power  (PLUG) – Get Report jumped Friday after the fuel-cell maker said it completed the restatement of its financial statements for the past three years. The company said the restatements didn’t affect its cash position, business operations or the economics of its commercial arrangements.

Cramer said Plug Power was up “too much.”

“For those who like hydrogen, the stock to like is Plug Power,” he added. “The company has been getting breakout orders, which I like. But at the same time hydrogen is at 60 bucks; it needs to be competitive with oil. 

This news is republished from another source. You can check the original article

Be the first to comment

Leave a Reply

Your email address will not be published.