Jim Cramer breaks down how to strategize the portfolio during these uncertain times. CNBC’s Jim Cramer broke down why the stock market managed to rebound after a volatile week of trading on Wall Street. The “Mad Money” host sat down with Beyond Meat CEO Ethan Brown to get a read on the plant-based meat company’s strategies to open its first international production facilities and penetrate the China market. Later in the show, Cramer said it’s time for internet entrepreneur Jack Dorsey to relinquish his chief executive title at Twitter or Square.
Following the coronavirus facts
The stock market managed to surge in the first trading day coming off the worst week on Wall Street in over a decade because of coronavirus data that was not as bad as feared by the market, CNBC’s said Monday.
“I think the facts, and the concomitant reversal of [interest] rates from the ridiculous lows that they allowed, that’s what allowed the market to roar today,” the “Mad Money” host said, pointing to an article co-authored by Dr. Tony Fauci, director of the National Institute of Allergy and Infectious Diseases, in The New England Journal of Medicine on Friday.
Beyond Meat keeps eyes on Asia expansion
head Ethan Brown reaffirmed the company’s mission to expand its manufacturing capabilities to Asia, despite potential headwinds associated with the novel coronavirus outbreak that has disturbed global commerce.
“Right now is a moment in time for us. It’s an opportunity for hyper growth, so I’m looking very seriously to Asia,” the chief executive and president said in a sit-down interview with Cramer. “I made a commitment that we’re going to be producing in Asia by the end of this year. We’ll do that regardless of, I think, of this health epidemic occurring right now.”
Twitter leadership
Cramer came out in favor of growing interest to replace Jack Dorsey at the helm of , the popular social media platform he helped found more than a decade ago.
“I think Twitter’s a buy, whether Jack Dorsey’s running it or not,” the host said. “But at this point, I think the best thing he could do for his shareholders is just retire as CEO of Twitter and focus on running full time — or vice versa.”
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