Locator: 48474CRAMER.
Cramer's first hour: a mix of fact, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.
Cramer's first hour: all about Target this morning.
Target: never expected this today. Stressed consumers don't shop
at Target. They shop at Dollar General and Walmart, but here we are -- link here --
Ticker:
Walmart: best Dow stock of the year.
MOJO, Carl reiterated on air:
F:
- shifting strategy --
- Ford lost an average of $44,000 on each EV sold in the second quarter
- will cancel plans for electric three-row SUV
- will delay new EV plant in Tennessess
- will take a $400 million write-off
- still a huge warranty problem
- Phil LeBeau put a positive spin on this, and investors like the news, but overall it seems to be a troubling report
- ticker F: up 1.4% today; trending toward $11.
- Ford says it won't bring a car to market if it can't be profitable within 12 months
- this is mid-2024
- it's gonna be:
- two years for commercial EV van production (target: Rivian)
- three years for EV pickup / truck
- a lot of cash to Tesla to cover regulatory credit costs
Usual disclaimers apply.
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