Market Streak Snaps, Walmart and FedEx Messages to Investors, J&J's $8.9B Settlement 4/5/23

Published: April 5, 2023, 2:51 p.m.

b'Carl Quintanilla and Jim Cramer discussed what\'s ahead for the markets one day after the Dow and\\xa0S&P 500 snapped-four day win streaks. The anchors reacted to weaker-than-expected ADP jobs data, as well as comments from\\xa0Cleveland Fed President Loretta Mester, who said the rate target needs to go above 5%. Two well-known nameshosting investor events Wednesday: Walmart reaffirmed full-year guidance and outlined a 5-year strategy for profitability, while FedEx hiked its dividend and\\xa0announced plans to consolidate its operating units into one organization. Also in focus:\\xa0 Johnson& Johnson agrees to pay $8.9 billion to settle lawsuits that claim its talc products cause cancer, Apple\'s Tim Cook and Disney\'s\\xa0Bob Iger to discuss China with U.S. lawmakers, why healthcare stocks are a bright spot, Cramer\'s three "trading camps."'