Jim Cramer Tackles the Fed, Oracle and Slack Going Public
Happy Slack not-actually-an-IPO day!
Jim Cramer's weighing in on whether or not the Fed did enough to avoid a tweet from Trump, Oracle's earnings report and Slack's first day as a public company.
Let's Take a Look at the Fed... The Federal Reserve chose to keep interest rates at their current levels of 2.25% to 2.5%.
However, President Trump, who has spoken out against Fed char Jerome Powell in recent days, was putting pressure on the Fed to cut rates.
In fact, when asked by reporters about Powell and whether or not the Fed chair's job is safe.
Trump told White House reporters, "Let's see what he does," on Tuesday.
In fact, Cramer realized that Powell doesn't have a nickname from the president yet.
Cramer said that he's crowdsourcing for President Trump worthy nicknames for Powell.
Want to submit a nickname?
Tweet at @JimCramer or @marKatRoss with your nicknames.
Oracle's Earnings Oracle reported earnings after the bell Wednesday.
The company beat analysts' earnings and revenue expectations for its fiscal fourth quarter, and said first-quarter profit likely would top forecasts.
Adjusted earnings in the fourth quarter were $1.19 a share on revenue of $11.14 billion.
Analysts were expecting earnings of $1.07 a share on revenue of $10.93 billion.
Happy Slack Going Public Day This is the first day that Slack trades on the New York Stock Exchange.
The reference price--not its pricing point, since it's not IPOing--for Slack Technologies' direct public offering Thursday was set at $26 by the NYSE.
Slack's Direct Public Offering on Thursday: Don't Expect a Zoom-Like Ascent