Happy Fed day!
Jim Cramer weighs in on the Federal Reserve, AMD
and General Electric's
The Federal Reserve
The markets are geared up for a widely anticipated Fed decision.
Will we get the 25 basis point cut that investors want? Will we get the more historic 50 basis point cut? Or will there be no cut at all?
No pressure, Jerome Powell.
General Electric Earnings
General Electric posted earnings before the bell Wednesday morning.
GE reported adjusted earnings of 17 cents a share in the second quarter, 5 cents higher than analysts' estimates. Revenue declined 1% to $28.8 billion.
And Then There's AMD
Real Money's Stock of the Day AMD also reported earnings.
The company's adjusted earnings in the quarter were 8 cents a share on revenue of $1.53 billion, down from $1.76 billion a year earlier but ahead of expectations of $1.52 billion.
AMD said it expects third-quarter revenue of $1.75 billion to $1.85 billion, below forecasts of $1.94 billion.
"I am pleased with our financial performance and execution in the quarter as we ramped production of three leadership 7nm product families," said Lisa Su, AMD president and CEO.