Flashback Friday: The Market Is a Monster
It's been a roller coaster ride of a week.

Happy Friyay!

The market's been feeling kind of spooky -- but not in the Halloween-y kind of way.

Alright, it's time to celebrate. We all survived a market meltdown and we're here. At least until next week. But for now, I'll keep this short and sweet -- everyone deserves a break.

And, before I forget, happy almost Halloween?

Here's What New Investors Should Do

Have no fear, Jim Cramer is here. 

The market has been a frightening place, so younger investors should keep an eye out for advice.

In the past two weeks, the market has been comparable to a roller coaster ride. The Dow has been up and then down and then up again. The market has also erased this year's gains, which is making investors feel anxious. Especially those who are new to investing or even just looking into investing.

Investors are feeling even more pressure after the Dow plunged 600 points right as the market wrapped trading on Wednesday.

So, what is there to do?

Cramer breaks down some of the indicators that he's watching and his thoughts on what new or younger investors should be watching when it comes to earnings season.

At Cramer's teach-in on Oct. 13, TheSteet's co-founder and chairman gave some candid investing advice. You can listen to what he has to say here.

Swerve! Stay Away From Ford

TheStreet's contributor Jonas Elmerraji takes a look at the car company

No two ways about it, 2018 has been an awful year for car stocks. 

As buyers and sellers battle it out this afternoon to keep the S&P 500 above breakeven for 2018, car-related stocks have been crushed year-to-date. Since the calendar flipped to January, the S&P 500 Automobiles Index has shed more than 24% of its value.

Despite that slump, shares of Ford Motor Co. (F - Get Report) have been attracting big volume in recent sessions, due in part to the nearly 10% surge in shares Ford saw yesterday as the market bounced. And today, Ford is holding up well in spite of strong selling pressure in the broader market.

That recent show of strength, coupled with a steep discount on shares from the beginning of the year might be luring investors looking for opportunities amid the correction. But it makes sense to steer clear of Ford - at least for now.
 

Amazon Sinks After Issuing Light Guidance

TheStreet's tech columnist Eric Jhonsa takes on Amazon (AMZN) . 

There's seven takeaways from the earnings slump.

After the bell on Thursday, the e-commerce and cloud giant reported Q3 revenue of $56.58 billion (up 29% annually, and around 22% excluding the impact of the Aug. 2017 Whole Foods deal) and GAAP EPS of $5.75. EPS easily beat a $3.08 consensus, but revenue fell short of a $57.11 billion consensus.

In addition, for seasonally big Q4, Amazon guided for Q4 revenue of $66.5 billion to $72.5 billion (up 10% to 20%) and operating income of $2.1 billion to $3.6 billion. That's below consensus estimates of $73.79 billion and $3.86 billion, respectively.

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When asked about his firm's quarterly sales outlook on the call, CFO Brian Olsavsky indicated the guidance features "very high error bars," given how much Q4 sales skew towards the holiday season. "[I]t's always a very difficult period for us to estimate," he said. "[W]e're very bullish on the fourth quarter. We'll just have to see how revenue comes in."

Amazon Web Services (AWS) revenue rose 46% to $6.68 billion, falling slightly short of a $6.71 billion consensus. Growth slowed a bit from Q2's 49%, but remained above the year-ago period's 42%. Just as the North American segment is both taking e-commerce share and benefiting from e-commerce's cannibalization of traditional retail spend, AWS is both taking public cloud share and benefiting from the public cloud's cannibalization of traditional IT spending.

Alright, folks, that's a wrap for this week. Stay spooky. 

Amazon is a holding in Jim Cramer's Action Alerts PLUS member club . Want to be alerted before Jim Cramer buys or sells the stocks? Learn more now.

Make Money on Closed-End Mutual Funds. TheStreet's Robert Powell recently hosted an all-star panel of experts who explained everything you need to know on closed-end mutual funds, and often-overlooked investment class. Click here to register and watch for free.

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