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Replay:Jim Cramer Explains What You Should Watch When Banks Report Earnings

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It's an earnings bonanza.

Jim Cramer's weighing in on JPMorgan Chase's (JPM) - Get Free Report earnings, the stocks that he's got his eye on and what he's watching closely in the markets. 

All Eyes on the Markets

Real Money technical analyst Helene Meisler wrote about her thoughts on the market early Tuesday morning.

She believes that the market is overbought. 

Meisler wrote:

We are overbought and sentiment is still relatively elevated, so for now I expect a pick up in volatility in the next week or so. Should the indicators change their direction I will report that to you. It is always possible we digest the overbought reading and work off the too hot sentiment. It's too soon to tell.

Cramer said that he trusts her insight.

Real Money Stock of the Day: JPMorgan

JPMorgan released earnings early Tuesday morning. 

The company reported that net income in the quarter rose by 16% to $9.65 billion. The company announced earnings per share at $2.82, which beat the $2.50 average EPS estimate that analysts expected, according to FactSet.

"We had a strong second quarter and the first half of 2019, benefiting from our diversified global business model," Jamie Dimon, CEO of JPMorgan, said in a statement. "We continue to see positive momentum with the U.S. consumer -- healthy confidence levels, solid job creation and rising wages -- which are reflected in our Consumer & Community Banking results."

And Dimon noted that fast credit card sales reflected a healthy consumer. 

The Six Stocks Cramer's Watching

Cramer wrote in the afternoon edition of his Real Money column on Monday that he had six stocks for investors to consider if they're worried about a slowdown around the corner. 

One such stock pick is PepsiCo. Here's why. 

If the economy is truly slowing down, then what works the best here? What are some stocks that you can buy or at least get ready to buy, like PepsiCo (PEP) - Get Free Report , if you are of the opinion that the world really is slowing and the Fed can't change the equation?

Related. Jim Cramer: Even if Slowdown Hits, You'll Look Good With These Six Stocks

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