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Good Tuesday!
The results season is in full swing so let's go.
What is "Shallowfake?"
In an ongoing Twitter exchange between Jim Cramer and Tesla's CEO (TSLA – Get Report), Elon Musk, Musk has retweeted @TheStreet, subtitling a video in which Cramer describes Musk's performance as CEO "shallowfake ".
Shallowfake https://t.co/c1G3ixKj50
– Elon Musk (@elonmusk) April 29, 2019
Curious to know what that means? Cramer gives his definition.
Apple's report after the bell
The last FAANG, Apple, must come after the bell on Tuesday.
Analysts surveyed by FactSet expect an average profit of $ 2.36 per share and will look for signs of rebound after Apple's weak quarterly results (AAPL – Get Report), which have been held back by weak sales of IPhone in China. Apple's shares were virtually unchanged on Monday, closing at $ 204.61; they are up 29.3% since the beginning of the year.
The streets Annie Gaus explained the three things investors should watch for when the company publishes its results.
- A rebound in China
- Update services
- An increased dividend
Apple is the stock of the day in real money. Catch full analysis all day here.
Market relocation
So, what is moving the markets on Tuesday?
Jim Cramer will weigh in on McDonald's, General Electric's and Merck's earnings.
McDonald's (MCD – Get Report) posted earnings per share of $ 1.78, exceeding expectations of $ 1.75. The company achieved a turnover of $ 4.96 billion, exceeding expectations of $ 4.93 billion.
General Electric (GE – Get Report) posted a 13-cent EPS, exceeding expectations of 9 cents. The company generated $ 27.3 billion in sales, barely exceeding the $ 27 billion estimate.
Merck (MRK – Get Report) posted Adjusted EPS of $ 1.22, exceeding expectations of $ 1.05.
Alphabet gains
Alphabet (GOOGL – Get Report) reported a first quarter revenue lower than Wall Street expectations.
Revenues for the period were $ 36.34 billion, below the $ 37.3 billion forecast. Excluding the acquisition costs of traffic, Alphabet recorded a turnover of 29.48 billion dollars, up 19% over the previous year, but below the estimates of 30.04 billion dollars. dollars. Earnings of $ 11.90 per share exceeded Wall Street's forecast of $ 10.60.
Earnings per share corrected the impact of a $ 1.7 billion fine imposed by the European Union, which Alphabet planned to set aside during the quarter.
Net profit in the first quarter amounted to $ 6.66 billion, which includes the fine imposed by Alphabet for ignoring antitrust practices and abusing its dominant position in online advertising to harm competitors.
Related. A bad Google report is not enough to derail this market
Related. Jim Cramer: This market may not be overvalued
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