Cramer's First Hour -- August 21, 2024

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.