CNBC Investing Club

What Cramer is watching Wednesday — more Bed Bath & Beyond pain, good riddance to August

Signage outside a Bed Bath & Beyond retail store in New York, Aug. 25, 2022.
Gabby Jones | Bloomberg | Getty Images

What I am looking at Aug. 31, 2022

  • Last day of August: End of horrendous month for tech stocks of all kinds. Wall Street tries to break its three-day losing streak, heading into September, historically the worst month of the year for the market.
  • Bed Bath & Beyond (BBBY) restructuring, says they may sell stock from time to time. This is the "on the backs of the memes." That's the theory that I wanted done before activist investor Ryan Cohen took the money and ran. Why did he get such a head start over the little guy? BBBY sank 28% in the premarket after closing down 9% on Tuesday.