Stock Market Today With Jim Cramer: How to Play Dogecoin

Stocks rose Wednesday, as shares of energy companies outperformed and technology companies, which sold off sharply during the previous session, rebounded.

TheStreet’s Katherine Ross and Jim Cramer discussed breaking news in the stock market. Cramer spoke about the turnaround at Cleveland-Cliffs, Dogecoin and markets on Wednesday.

Cleveland-Cliffs: Buy Or Sell?

Last month, steelmaker Cleveland Cliffs  (CLF) – Get Report swung to a first-quarter profit on a tenfold increase in revenue.

“Q1 was just the first full quarter for Cleveland-Cliffs as a fully transformed business, and we have already accomplished a lot,” Chairman, President and Chief Executive Lourenco Goncalves had said in a statement. 

Cramer said Cleveland Cliffs has reinvented itself in a fantastic way. He added that the stock could go much higher because the acquisitions were all made at great prices. “They made a lot of moves to get their company into good shape,” he added.