Do you feel that? It's the almost-Friday excitement.
Jim Cramer weighs in on Bed Bath & Beyond (BBBY - Get Report) post-earnings and what he expects from Federal Reserve Chairman Jerome Powell when he starts his second day of testimony in front of the House Financial Committee Thursday.
Let's Kick it Off With the Fed
Yesterday, TheStreet got a packed testimony from Powell when he was questioned by the House Financial Committee.
Members asked him everything from whether or not he would walk out if President Trump attempted to fire him, to questions about minimum wage.
However, it was the potential of a rate cut in the near future that really caught Wall Street's eye.
Powell said that the Fed was keeping a close eye on slowing global manufacturing growth, tame inflation readings, and the lingering U.S.-China trade dispute. He said that, if those continued, the Fed was considering cutting interest rates.
But is it time to move past the Fed? Here's what Cramer thinks:
Real Money Stock of the Day: Bed Bath & Beyond
Bed Bath & Beyond reported earnings after the bell Wednesday.
Bed Bath & Beyond topped analysts' fiscal first-quarter earnings estimates but said it expects fiscal-year earnings on the lower end of its guidance of $2.11 to $2.20 a share.
The company reported same-store sales that fell 6.6%, which disappointed analysts, who were expecting a 3.8% decline.
Cramer, in his Real Money column early Thursday, questioned whether or not the company was beyond a fix.
It's That Time of the Month Again
Well, you should be.
Cramer is hosting his monthly members-only Action Alerts PLUS call live next Wednesday, July 17. The call will go live at 11:30 am E.T.
Not a member of Action Alerts PLUS? You can sign up here.