The Dow is up today as earnings for banks are starting to come in with JPMorgan Chase (JPM) – Get report and Wells Fargo (WFC) – Get report already reported and investors are weighing what to do next. The S&P 500 is also up, but the Nasdaq is down. Goldman Sachs (GS) – Get report He is slated to report his earnings, and TheStreet broke down how to trade the bank’s shares.
TheStreet’s Katherine Ross discussed the latest news on the StreetLightning stock market with Jim Cramer. Cramer spoke about buying Citigroup shares, JPMorgan earnings and more financial support for airline stocks.
Citigroup stock: buy or sell?
Citigroup posted earnings today and exceeded expectations with an increase in business revenue. Citi Bank stalled its plan to open offices for its employees after an increase in coronavirus cases in the US states.
Cramer talks about why he thinks Citigroup stock is a buy after profit.
JPMorgan Shares: Buy or Sell?
Bank earnings are fully focused and JPMorgan showed a ‘fabulous’ balance after beating earnings. Cramer spoke about why he would hate to be against JPMorgan after those gains this morning. JPMorgan is one of the top stock winners on Tuesday.
Hear what Cramer thought of the JPMorgan earnings that investors saw this morning.
Airlines will need more financing
What will the future of airline stocks look like in the coming years? If the new normal in the United States means fewer trips and more social distancing, the actions of the airlines will need more support to stay afloat. Delta Airlines reported earnings and investors watched how bad airline stocks will be in the next three years.
Cramer believes that airlines will need another round of financing to help companies during this pandemic.
JPMorgan and Goldman Sachs are key stakes in Jim Cramer’s Action Alerts PLUS charitable trust. Do you want to be alerted before Jim Cramer buys or sells stocks? Get more information from Cramer and his membership team now.
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