Target Off The Mark, Bed Bath Soars Again and Musk's "Joke" Tweet: Man U Manipulation? 8/17/22

Squawk on the Street

17-08-2022 • 42 mins

Jim Cramer and David Faber led off the show with another day of retail earnings, reacting to Target's profit miss, Lowe's mixed results and something about TJX that might surprise you. The anchors also discussed more "meme stock madness": Shares of Bed Bath & Beyond soaring again. Retail investors snapped up the stock in reaction to GameStop Chairman Ryan Cohen's latest bet on BBBY. Elon Musk tweeted that he was buying legendary soccer team Manchester United, sending the stock soaring -- but he later added it was just a "joke." Also in focus: Playing the energy sector, plus Apple shares continue to rebound, moving closer to recouping its losses for the year.