What's going on in the markets Tuesday?

Jim Cramer weighs in on Uber (UBER) now that analysts can comment on the ride-sharing company, Salesforce earnings, his thoughts on FAANG now that the companies are facing probes from the DoJ, Federal Trade Commission and possibly the House Judiciary Committee. And, of course, Cramer breaks down what he thinks about Fed President Bullard's dovish comments. 

Uber's Getting Good Ratings From Analysts

The ride-sharing company's post-IPO quiet period ended Tuesday. 

So far, over 20 analysts have initiated buy ratings for the company. 

The analyst notes show how bullish Wall Street feels about the ride-sharing company that didn't do as well as the street hoped for when it went public back in May.

"The stock essentially flat following an 18% decline from its IPO price of $45 as public investors have for now eschewed the long period of loss-making implied in Uber's business model, and it's quite possible that the stock may experience an extended "seasoning" period as it works through pent-up supply from early investors seeking partial liquidity," said Canaccord Genuity analyst Michale Graham, who initiated coverage on Uber with a $55 price target and a buy rating.

Is Salesforce a Buy After Earnings?

Salesforce (CRM - Get Report) is reporting earnings after the bell Tuesday.

Analysts expect the company to post earnings of 61 cents per share.

Last Friday, Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS portfolio, broke down the metrics he's paying attention to when the company reports earnings.

"I think what investors need to focus on is billings and just visibility into their 20% compound annual growth on the top line that they expect to do for the next couple of years," explained Marks. "And if they can produce good billings results and really show that, give the market confidence that they can do that."

Is FAANG Getting De-Fanged?

Here's a breakdown of what investors need to know following FAANG's selloff yesterday.

The House Judiciary Committee unveiled a sweeping "top-to-bottom' review of tech companies late Monday, the first such probe by Congress. The move followed reports of a dual effort from the DOJ and the Federal Trade Commission to tackle the perceived dominance and potential abuses of tech giants such as Apple (AAPL - Get Report) , Facebook (FB - Get Report) , Alphabet (GOOGL - Get Report) and Amazon.com (AMZN - Get Report) . However, the House Judiciary Committee did not name specific companies.

Your Move, Jay Powell

St. Louis Federal Reserve President James Bullard made some dovish comments about the possibility of a rate cut.

Bullard noted Monday that a "darkened" narrative on global trade could mean a U.S. economy "that is expected to grow more slowly going forward, with some risk that the slowdown could be sharper than expected due to ongoing global trade regime uncertainty."

Related. Jim Cramer: The Gates of Support Have Been Closed for These 4 Tech Leaders