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Why Jim Cramer Renamed His Dog Xilinx

We're officially in day two of our earnings bonanza.

Here are some of the headlines that Jim Cramer's watching in the markets.

06:30 Ready for Apple's Earnings?
Apple is Real Money's stock of the day.

It's expected to report earnings after the bell Tuesday evening. With Apple having forecast on Jan. 2 that it expects December quarter revenue of about $84 billion, the analyst consensus is currently for revenue of $83.97 billion (down 5% annually). GAAP EPS, benefiting from major stock buybacks, is still expected by analysts to have grown 7% to $4.17.

TheStreet's Eric Jhonsa wrote about what he expects from the earnings.

00:50 Nvidia Is Out, Xilinx Is In
Cramer broke down his reaction to Nvidia's guidance cut in his Real Money column.

I found myself flummoxed yesterday when Nvidia the huge graphics chip maker, long a loved stock, wasn't down as much as it could have been given 1) its huge miss — and it was huge, one of the biggest I have seen in ages; 2) its bizarrely bad forecast guide-down, as nasty as they come; and 3) whole new areas of weakness — like the once-red-hot gaming biz and the smoking data center, and not just a crypto mining card shortfall, which was the culprit in its last earnings report.

Curious about what else Cramer is thinking about after Nvidia? Read his full column here.

02:12 Now Is the Time to Buy PG&E Bonds
Pacific Gas & Electric Corp. filed for Chapter 11 bankruptcy protection Tuesday as the California utility seeks to manage liabilities related to the state's deadly wildfires that could reach as high as $30 billion.

TheStreet's Martin Baccardax reported on the bankruptcy.

PG&E, which owns the biggest power utility in the United States, filed the request in the U.S. Bankruptcy Court for the Northern District of California and is also seeking $5.5 billion in so-called 'debtor-in-possession' financing to fund its ongoing operations and safety initiatives.

When asked for actionable advice for investors, Cramer said that he suggests that investors who are interested in PG&E consider bonds, not common stock.

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