On Thursday, the markets took off as Facebook (FB - Get Report) shares soared after reporting earnings that beat Wall Street forecasts. Also, PepsiCo (PEP - Get Report) earnings beat forecasts, General Motors's (GM - Get Report) first quarter net income declined but per share profit topped estimates, and Ford Motor (F - Get Report) reported earnings that beat analysts' estimates. Advanced Micro Devices (AMD - Get Report) surged after the chipmaker beat estimates and issued a strong sales outlook.
Jim Cramer: Lisa Su Saved AMD From the Garbage Heap
"Turnarounds are elusive," says TheStreet's Jim Cramer. "Most managers simply aren't smart enough or strong enough to engineer them. That's why it was so enlightening and energizing to talk to Dr. Lisa Su, the CEO who turned around the once flailing and almost bankrupt Advanced Micro Devices."
"It's not too strong a claim to state that Su saved this semiconductor company from the garbage heap, brought it back to life by fixing the balance sheet and now has the whole company humming with profit and gross margin expansion to boot," adds Cramer.
Apple Is Facing 2 Big Tests Right Now - Here's a Common Sense Solution
Real Money Pro columnist Ed Ponsi notes that Apple (AAPL - Get Report) is scheduled to report second quarter earnings on May 1: "Anticipation is building as analysts are already weighing in with their predictions."
How can Apple solve the problem of constantly dealing with changing expectations for iPhone sales and its other products? See, here.
How Alphabet's Artificial Intelligence Moves Could Play Out
"As Alphabet has grown, so has its complicated AI universe: there is Google Brain, the AI startup DeepMind Google acquired in 2014, self-driving vehicle company Waymo and Verily Life Sciences, a research organization looking into AI-driven way to predict and prevent disease," Solovieva says.
(Facebook, PepsiCo, Apple, Alphabet, Amazon and Microsoft are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells the stocks? Learn more now.)