Navigating Economic Uncertainty

Sara Eisen and Jim Cramer broke down the big drop in shares of Nike and FedEx following their respective quarterly results. Both CEOs warned about a slowing economy on their conference calls, with the FedEx CEO citing an “uncertain demand environment.” The show also hit shares of Tesla on pace for its 9th straight week of losses. During an all-hands employee meeting yesterday, CEO Elon Musk tried to reassure his employees to  “hold onto your stock.” Also in the mix; Jim Cramer hit Lennar for his ‘Mad Dash’ following the company’s big drop in share price despite posting a beat on earnings.

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