Jim Cramer reviews the ‘terrifying’ ups and downs of earnings season

While Wall Street entered the earnings season, Jim Cramer from CNBC understood and discussed the difficulties of predicting stock action Nvidia– Wells Fargo And Blackrock.

“This is the ups and downs of the profit seasons for professionals who are very terrible,” he said. “I saw that I nailed Nvidia. But after Blackrock and Wells, you could clog with a spoon and deserve it.”

Although Nvidia was not ready to earn until August, the stock rose on Tuesday and reached a new high level when Wall Street learned that the White House would allow the Artificial Intelligence Power Center to sell its plugs in China. Nvidia partner On Monday night and Tuesday, the news in a press release, Trade Secretary Howard Lutnick announced why the administration was reversed on trade policy. Cramer said that Nvidia thought that his news would be positive for the stock on Monday night and was pleased to find out that the shares jumped on Tuesday morning.

However, Cramer said he was disappointed when Blackrock registered on Tuesday morning. Asset manager Mixed quarter, And Cramer said investors focused on the low net entrances that contribute to Blackrock’s longing for income.

Said Wells Fargo looked relatively powerful entering the earning season, Cramer said that the bank was finally free from an asset boundary determined by the federal reserve seven years ago. However, investors were not satisfied with Wells Fargo reducing guidance for net interest income. Cramer, the problem “If you are more aggressive and deposit holders, they become more aggressive to make loans,” he asked. However, the administration seemed unprepared to explain the changing dynamics.

Cramer, Blackrock and Wells Fargo’nun at the end of the higher, it will take some time. During the season of earnings, “There is no such thing as Do-Overs.” He said.

“I will stay behind Wells and Blackrock, protecting me, Nvidia’s Fig Leaf, but so far you have to know that I am one for three for three.” He said. “And do you know what this is?

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The waiver has the shares of CNBC Investing Club Charitable Trust, Nvidia, Wells Fargo and Blackrock.