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Happy Tuesday!

Earnings season is in full swing so let's dive right in. 

What Is "Shallowfake?" 

In an ongoing Twitter exchange between Jim Cramer and Tesla (TSLA) - Get Tesla Inc Report CEO Elon Musk, Musk retweeted @TheStreet, captioning a video in which Cramer discusses Musk's performance as CEO "shallowfake."

Curious what that means? Cramer gives his definition.

Apple's Reporting After the Bell

The Final FAANG, Apple, is set to report after the bell Tuesday. 

Analysts polled by FactSet are expecting earnings of $2.36 per share on average, and will be looking for signs of a rebound from Apple's (AAPL) - Get Apple Inc. (AAPL) Report weak December quarter results, which were dragged down by sluggish iPhone sales in China. Apple shares were roughly flat on Monday, closing at $204.61; they are up 29.3% year to date.

TheStreet's Annie Gaus reported on the three things that investors should keep their eyes on when the company releases its earnings. 

  • A China rebound
  • Services update
  • An increased dividend

Apple is Real Money's Stock of the Day. Catch comprehensive all-day analysis here. 

Market Movers 

So, what's moving the markets Tuesday? 

TheStreet Recommends

Jim Cramer will weigh in on McDonald's earnings, General Electric's earnings and Merck's earnings. 

McDonald's (MCD) - Get McDonald's Corporation (MCD) Report posted earnings per share of $1.78, beating expectations of $1.75. The company posted revenue of $4.96 billion, beating expectations of $4.93 billion.

General Electric (GE) - Get General Electric Company (GE) Report posted an EPS of 13 cents, beating expectations of 9 cents. The company posted revenue of $27.3 billion, narrowly beating estimates of $27 billion.

Merck (MRK) - Get Merck & Co., Inc. (MRK) Report posted an adjusted EPS of $1.22, beating expectations of $1.05. 

Alphabet's Earnings

Alphabet (GOOGL) - Get Alphabet Inc. Class A Report reported first-quarter revenue that missed Wall Street expectations.

Revenue in the period was $36.34 billion, below forecasts of $37.3 billion. Excluding traffic acquisition costs, Alphabet reported revenue of $29.48 billion, up 19% from a year earlier but below estimates of $30.04 billion. Earnings of $11.90 a share topped Wall Street forecasts of $10.60.

The per-share earnings figures backed out the impact of a $1.7 billion fine imposed by the European Union that Alphabet said it would be booking during the quarter.

Net income in the first quarter was $6.66 billion, which included the EU fine for Alphabet's skirting of antitrust practices and abusing its dominant position in online advertising to hurt competitors.

Related. A Poor Report From Google Is Not Enough to Derail This Market


Jim Cramer: This Market May Not Be Overvalued

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