The Apple of Your Eye? Jim Cramer on Apple, the Fed and Beyond Meat

Credit: The Street
Published on July 30, 2019 - Duration: 11:17s

The Apple of Your Eye? Jim Cramer on Apple, the Fed and Beyond Meat

Happy Tuesday!

Jim Cramer's weighing in on Real Money Stock of the Day Apple's earnings, the Fed and Beyond Meat's quarter.

Ready for the Fed?

You better be.

You have until Wednesday at 2 pm E.T.

To be ready.

Wall Street expects to see an interest rate cut from the Federal Reserve of 25 basis points.

If the Fed does decide to cut rates, it would be the first rate cut in a decade.

And Cramer says that the final thing investors should do is absolutely nothing.

So, it's time to hold steady until Powell takes the podium.

Beyond Meat Cramer went above and BYND about Beyond.

He weighed in on the quarter and why he dedicated his Real Money column Tuesday morning to comparing CEO Ethan Brown to Tesla CEO Elon Musk.

The company reported earnings Monday night.

It announced a loss per share of 24 cents, coming in short of analyst expectations of 8 cents per share.

The company released revenue of $67.3 million, beating expectations of $52.7 million.

Shares of the company promptly fell, however, after it announced that it was doing a second offering of 3.25 million shares.

Three million of that will come from "certain selling stockholders," while the other 250,000 will come from the company.

The Analyst Showdown In case you missed it... Monday, July 22, we got dueling notes from Morgan Stanley's Katy Huberty and Bernstein's Toni Sacconghi about Real Money Stock of the Day Apple's quarter.

And the day of reckoning is finally here.

In case you missed it, Huberty came out as bullish, raising Apple's price target to $247 from $231.

She wrote, "we believe the June quarter will mark the first quarter since March 2018 where Services revenue growth accelerates..." Meanwhile, Sacconaghi wrote that Bernstein's expectations for Apple's Services revenue actually fall slightly below the Street's expectations.

Now, Apple is set to report after the bell Tuesday night.


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