Happy Hump day!
Here are some of the headlines that Jim Cramer is watching.
Alphabet's Stadia Streaming
Real Money's Stock of the Day Alphabet, the parent company of Google (GOOGL - Get Report) , unveiled its new cloud-based video-game playing and sharing platform, Stadia, at the Game Developers Conference in San Francisco on Tuesday afternoon. The new platform will be powered by chips made by AMD (AMD - Get Report) and will launch sometime this year.
Google's Stadia will allow players to instantly join games they view on YouTube via a "Play Now" button in the corner of the screen. Games will be available to play on desktop computers, laptops, tablets, TV sets and phones without requiring a console. Google has also made a custom Stadia Controller that connects directly via Wifi to a Stadia game-playing session; it will have one button to share content with other users, and another to connect with Google Assistant, report TheStreet's Tony Owusu.
FedEx's Earnings Miss
FedEx said it expects earnings for fiscal 2019, which ends in May, in the region of $15.10 to $15.90 a share, down from its December forecast of $15.50 to $16.60 and 7 cents shy of analysts' forecasts. The Memphis-based company said challenges linked to its $4.8 billion acquisition of TNT Express, a key component of its international business, continues to weigh on profits, as will a broader global slowdown in trade and package demand.
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