Curious about what Jim Cramer is watching in the markets? Here's a breakdown.

What Is "Shallowfake?"

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

Shallowfake https://t.co/c1G3ixKj50

- Elon Musk (@elonmusk) April 29, 2019

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 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?

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

McDonald's (MCD - Get 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 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 Report) posted an adjusted EPS of $1.22, beating expectations of $1.05.

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

Alphabet's Earnings

Alphabet (GOOGL - Get 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.

Related. Jim Cramer: This Market May Not Be Overvalued

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