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Big Tech and CSX Get Railroaded: Jim Cramer on What it Means for the Markets

We're halfway through the week, y'all. Jim Cramer weighs in on why he's keeping a close eye on Big Tech as Facebook , Amazon and Alphabet head to Capitol Hill, CSX's CSX earnings and his thoughts on the financial sector post-big bank earnings. CSX Reports Earnings Real Money Stock of the Day CSX posted earnings after the bell last night. The company reported earnings per share of $1.08, which was three cents shy of what analysts on the Street were expecting. "Both global and U.S. economic conditions had been unusual this year, to say the least, and have impacted our volumes," said Jim Foote, CEO, on a conference call late Tuesday. "You see it every week in our reported carloads. The present economic backdrop is one of the most puzzling I have experienced in my career." What's Going on With Big Tech? Cramer wrote, in his Real Money column about what investors are paying attention to when it comes to Big Tech giants such as Facebook, Amazon, and Alphabet when they head to Capitol Hill. "When Big Tech goes to Washington, you have to worry about what's headline risk and what's EPS risk -- and the gulf between the two is huge," wrote Cramer. His biggest concern? "...Regulated businesses tend not to make as much money as non-regulated businesses," he continued. A Review of the Banks Phew. Let's review what we've heard from the financial sector so far this earnings season... So far this week, we've received earnings from the big banks including JPMorgan Chase , Citigroup , Bank of America , Goldman Sachs and Wells Fargo . And, yes, most of those were beats in some regard. Is now the time to get into the banks? Maybe not just yet. And for more on all of these topics and what else is on Jim's mind. Tune in to his ActionAlertsPLUS.com investing call LIVE at 11:30 a.m. ET. Apollo 11: Test Your Memory With TheStreet Trivia

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