Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
"I never thought I'd say this, but I rue the day we created this silly thing," the "Mad Money" host said one day after Facebook's third-quarter earnings report. "Now, there are 10 FANG ETFs that link them all together. Shameless."
The social media giant's mixed results sent the other FANG stocks on a roller-coaster ride as the exchange-traded funds that package them all together forced them to trade "practically in lockstep" with shares of Facebook, Cramer said.
"It's the power of the ETFs. When one FANG stock gets wrecked, they all get whacked. When one rallies, they all rally, as we saw today, with Facebook ultimately gaining 4 percent and the rest of FANG following suit," he said.
Calling this kind of action "monumentally stupid," Cramer stressed how different each FANG company is from the others, adding that "it's a mistake to write them off" because of their distinct prospects and massive end markets.
"Sure, they each have some sort of overlap, but you know, really, what they have in common? The fact that ... they used to spell the word FANG, which is why we on 'Mad Money' coined the ... acronym five years ago," he said.
Even so, "FANG is by no means out of the woods" because of the weight these FANG-laden ETFs carry, the "Mad Money" host warned. He noted that many of them include the stock of Apple, and that any weakness in the iPhone maker's Thursday earnings report could bring trouble.
"It's entirely possible Apple talks about a Chinese slowdown. They might even have a miss in service revenue," he said. "Unlike the core FANG names, Apple's stock is barely down from its highs. So get ready for more short-term volatility, which, of course, is code for vicious, exaggerated declines by ETFs."
And while FANG's stock charts "remain terrible" and each company, especially Facebook, still faces challenges, Cramer wasn't comfortable writing them off entirely because of momentary, market-driven and possibly mechanical pain.
"The bottom line here is that there's a reason these four companies have been able to disrupt entire industries over and over again, and that reason is the fundamentals," he said. "Even when the FANGs screw up, they're still incredible companies."
Disclosure: Cramer's charitable trust owns shares of Facebook, Amazon, Alphabet and Apple.