Jim Cramer’s prime analyst at GameStop, GE, Tech Selloff Monday
It is Monday again.
Jim Cramer is out this week, so Jeff Marks, Senior Portfolio Analyst at Action Alerts PLUS, is joining for this week.
Summarize the episode of TheStreet Live on Monday in the video below and watch TheStreet Live every weekday at 10:30 a.m. ET:
The company is reportedly on the verge of an agreement to combine its jet leasing business with AerCap – an Irish company – in a deal that could be worth more than $ 30 billion.
The announcement is expected later on Monday, according to the Wall Street Journal.
The deal would bring the world’s two largest aircraft financiers together at a difficult time for the aviation business, which has been hard hit by the coronavirus pandemic.
Watch: What AerCap Deal Says About GE Turnaround Plan
Brent crude, the global benchmark, traded above $ 70 a barrel for the first time since January 2020 after Saudi Arabia said its oil infrastructure was attacked with missiles and drones by Iranian Houthi rebels. According to reports from Bloomberg and others, TheStreet’s Joseph Woelfel said the attacks had been intercepted and oil production was apparently unaffected.
GameStop & Ryan Cohen
GameStop announced Monday morning that it had formed a new committee – a strategic planning and capital allocation committee – that will include Chewy co-founder Ryan Cohen.
The committee wants to “… appoint two executives to lead the company’s customer care and e-commerce fulfillment functions”.
Breaking down this news means that Cohen will lead the move to e-commerce, which goes straight to one of the bullish theses investors have at r / WallStreetBets: Cohen can turn GameStop around and make GameStop successful by moving that Company focuses on e-commerce.
Hear what Marks told only members of Action Alerts PLUS investment club about Jim Cramer during Monday’s Daily Rundown.