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Jim Cramer reviews some of the 'terrifying' ups and downs of earnings season

1. Nvidia's stock surged after U.S. allows chip sales in China. 2. BlackRock experienced a mixed quarter, with lower net inflows. 3. Wells Fargo cut guidance for net interest income despite earlier optimism. 4. Cramer believes BlackRock and Wells Fargo will recover but not immediately. 5. Earnings season reveals volatility and unpredictability in stock valuations.

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FAQ

Why Bullish?

Nvidia's positive news boosts market sentiment, particularly in tech stocks. Past examples show that favorable regulatory news can lead to significant price increases.

How important is it?

The earnings outcomes of these companies affect investor confidence in the market overall, influencing broader industry performance.

Why Short Term?

Immediate reactions are seen in stocks like Nvidia, impacting market in short term. However, BlackRock and Wells Fargo's mixed earnings may dampen enthusiasm soon.

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