Jim Cramer has a new pick at the mall -- a handbag maker that has turned its product line around with a new CEO and creative director, and it's this morning's Action Alert pick. FedEx, General Mills and Guess all set to report earnings today. And Oracle disappointed on the top and bottom line--but there were some highlights to the company's numbers, despite shares being down three percent as we head into the open.
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How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.