Jim Cramer Defines & # 39; Shallowfake & # 39; for Elon Musk, Talksalfabet and Apple – Live
Happy Tuesday!
Earnings season is in full swing so let's dive right in.
What is "Shallowfake?"
In an ongoing Twitter exchange between Jim Cramer and Tesla (TSLA – Get Report), CEO Elon Musk, Musket retweeted @TheStreet, adopted a video where Cramer discusses Musk's performance as CEO "shallowfake."
Shallowfake https: / /t.co/c1G3ixKj50
– Elon Musk (@elonmusk) April 29, 2019
Curious what does that mean? Cramer gives his definition.
Apple's reporting by Bell
Final FAANG, Apple, is set to report after the clock on Tuesday.
Analysts pointed out by FactSet expecting earnings of $ 2.36 per share on average, and will look for signs of a decline from Apple's (AAPL ̵[ads1]1; Get Report) weak December quarterly results, pulled down by slow iPhone sales in China. The Apple shares were about flat on Monday, ending at $ 204.61. They have up to 29.3% so far.
TheStreet's Annie Gaus reported on the three things investors should keep an eye on when the company frees up its earnings.
- A China rebound
- Services update
- An increased dividend
Apple is Real Money's Stock of the Day. Catch extensive weekend analysis here.
Market Movers
So, what moves the markets Tuesday?
Jim Cramer will weigh in on McDonald's earnings, General Electric's earnings and Merck's earnings.
McDonalds (MCD – Get Report) posted earnings per share of $ 1.78, beating expectations at $ 1.75. The company achieved a turnover of $ 4.96 billion and hit expectations of $ 4.93 billion.
General Electric (GE – Get Report) posted an EPS of 13 cents, beating expectations at 9 cents. The company achieved a turnover of $ 27.3 billion, representing a tight turnaround of $ 27 billion.
Merck (MRK – Get Report) posted an adjusted EPS of $ 1.22 and beats expectations of $ 1.05.
Alphabet's Profit
The Alphabet (GOOGL – Get Report) reported revenue in the first quarter as missing Wall Street expectations.
Revenue for the period was $ 36.34 billion, under forecasts of $ 37.3 billion. Excluding traffic acquisition costs, the alphabet reported revenue of $ 29.48 billion, an increase of 19% from the previous year, but below $ 30.0 billion. Revenue of $ 11.90 per share topped Wall Street forecasts of $ 10.60.
Stock income figures supported the effect of a $ 1.7 billion fine imposed by the EU that Alphabet said it would be an order in the quarter.
Net revenue in the first quarter was $ 6.66 billion, which included the EU fine for Alphabet's skirmish of antitrust practices and abusing its dominant position in online advertising to hurt competitors.
Related. A bad report from Google is not enough to divert this market
Related. Jim Cramer: This Market Must Not Be Overrated
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