Jim Cramer Highlights Key Market Watchpoints for July 28
On Tuesday, July 28, chip stocks are under pressure following an 11% drop in South Korea's Kospi index and a decline in SK Hynix shares. Meanwhile, oil prices fall due to reduced tensions between the U.S. and Iran, potentially influencing Federal Reserve decisions on interest rates. Boeing reports mixed results with a $280 million charge from its Air Force One program but exceeds expectations in free cash flow. Corning faces sell-off pressure despite beating earnings estimates, likely due to conservative guidance amid broader AI infrastructure weakness. Johnson & Johnson shares rise over 2% after settling talc-related lawsuits for $5.5 billion. Analysts at Loop Capital and Citi provide updated price targets on stocks like CrowdStrike, Palo Alto Networks, and Cadence Design Systems. United Parcel Service (UPS) reports strong Q2 results and raises full-year guidance as it shifts to more profitable shipments.
Tickers: $BA $COF $CSCO $GLW $INTC $JNJ $NVDA $PANW $SKHYV $SMCI $UPS
Topics: earnings_misses geopolitics oil_prices regulatory_actions semiconductors settlements