Everyone should be ecstatic for the weekend. After this week, I know we all need a break.
However, TheStreet's going to be busy on Saturday to bring you updates from Jim Cramer's teach-in. Yep, you read that right. We'll be covering the event live and I personally will be running Twitter and a live blog. You excited? I am.
For those who haven't seen my interviews with Jim, the event will take a close look at cannabis and FAANG. Fun stuff.
Anyway, let's quickly hit on the fact that Sears (SHLD) is still in business. Don't worry, doesn't seem like they'll be in business for very long. For those who are curious, TheStreet's Jacob Sonenshine is tackling that news.
General Electric Disappoints...Again
Management pushed back when it would report third-quarter financial results and analysts questioned the beleaguered industrial conglomerate's financial standing, suggesting an equity raise and a dividend cut.
The Boston-based company announced it will now report third-quarter earnings to Tuesday, Oct. 30, before the opening bell. GE had been scheduled to report earnings on Oct. 25.
"The company moved the call to allow GE Chairman and CEO Larry Culp to complete initial business reviews and site visits following his appointment on October 1," GE said in a statement. "Culp will share his initial observations, with more detail expected in early 2019."
GE is expected to report earnings of 21 cents a share on revenue of $29.6 billion, according to FactSet.
Jim Cramer's Got Some Stuff to Say About This Market
Jim Cramer thinks that there "are still some opportunities" for investors in this market.
But he also warns that investors should approach the market cautiously.
Cramer also discussed Jamie Dimon, CEO of JP Morgan Chase (JPM - Get Report) , who changed his view on the economy and the rising interest rates. Cramer said that Dimon's new view differs from the one Dimon had when he sat down with Cramer in Sept.
JP Morgan is Real Money's stock of the day.
"The Fed has to change its tune," Cramer said. "It has to listen to people like Jamie Dimon, who are in the thick of it. They're not doing any work. They're not crazy, they're lazy."
Are You Feeling the Call of Duty?
Stephen 'Sarge' Guilfoyle is.
The Real Money contributor took a deep dive into the video game stock.
Funny enough, I also talked about Activision with Jim Cramer. But, anyway, let's focus on what Sarge has to say about the video game company.
"Activision Blizzard (ATVI - Get Report) released their latest title at midnight. The much anticipated "Call of Duty: Black Ops 4". The stock has run 5% higher in Friday morning trading as investors lick their chops waiting on early indications of how well this latest release has been received," Guilfoyle wrote. "As a father whose children are working men in their 20s, I can tell you that I have heard of this game in conversation, so I know that the interest is there."
Piper Jaffray's Michael Olsen (who by the way is a full-five star analyst), in his morning note, claimed that early reviews for the game are strong. Olsen believes that this latest in the "Call of Duty" series is "loudly staking its claim as the top shooter title." Given this news, Olsen admits to starting to think his own sales estimate of 23.5M units for 2018 could be on the conservative side. FYI, Olsen has maintained his "Overweight" rating and $88 price target.
You gotta take a look at Guilfoyle's analysis.
That's a wrap for this week.