Happy Hump day!
Here are some of the headlines that Jim Cramer is watching.
Alphabet's Stadia Streaming
Real Money's Stock of the Day Alphabet, the parent company of Google (GOOGL - Get Report) , unveiled its new cloud-based video-game playing and sharing platform, Stadia, at the Game Developers Conference in San Francisco on Tuesday afternoon. The new platform will be powered by chips made by AMD (AMD - Get Report) and will launch sometime this year.
FedEx's Earnings Miss
FedEx said it expects earnings for fiscal 2019, which ends in May, in the region of $15.10 to $15.90 a share, down from its December forecast of $15.50 to $16.60 and 7 cents shy of analysts' forecasts. The Memphis-based company said challenges linked to its $4.8 billion acquisition of TNT Express, a key component of its international business, continues to weigh on profits, as will a broader global slowdown in trade and package demand.
Disney's Deal With Fox Is Done
Jim Cramer weighs in on how Disney DIS looks now that it has officially acquired its Fox assets.
TheStreet's Jacob Sonenshine broke down what Disney owns of Fox.
- Fox movie businesses, including Twentieth Century Fox, Fox Searchlight Pictures, Fox 2000, Twentieth Century Fox Television, FX Productions, and Fox21.
- Key television programs include landmark shows "The Simpsons" and "Modern Family."
What to Watch When Jerome Powell Speaks
The Federal Reserve Chairman is set to speak Wednesday afternoon.
Here's what TheStreet's Bradley Keoun wrote ahead of the press conference:
Sometimes doing nothing is better than something. That's especially true when the stakes are high and nobody really knows what the future will bring. Preserve the optionality, as it were, in trader-speak.
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