CNBC's Jim Cramer on Tuesday said Activision Blizzard is better positioned in the short term than rival Take-Two Interactive.

"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

"It's insane that so many people seem to believe the Fed will go from slamming the brakes on the economy to hitting the gas within a matter of months," he said.

Air Transport Services Group said Amazon will be flying less in response to slowing consumer demand and a worsening economic outlook.

CEO Brian Niccol maintained the company hasn't seen backlash to higher prices for its burrito bowls and tacos, despite declining transactions.

The wage hikes come as travel rebounds and the labor market remains tight.

These are the stocks posting the largest moves in extended trading.

Bed Bath & Beyond has been on the verge of bankruptcy but bought some time with a public stock offering that's expected to bring in more than $1 billion.