What Cramer is watching Wednesday — oversold market bounce; promising Alzheimer's drug

Our trusted S&P Oscillator at minus 12.6. That indicates extremely oversold conditions.

Amazon, Eli Lilly, Bed Bath & Beyond, Nike

Here are the biggest calls on Wall Street on Thursday: UBS upgrades Eli Lilly to buy from neutral UBS says it’s bullish on the company’s weight loss drug and sees upside potential. “With these events in the rear-view mirror, we now view LLY as being the most attractive name in our large cap coverage, with … Read more

Accenture, Darden Restaurants, home builders

Check out the companies making headlines before the bell: Accenture (ACN) – The consulting firm reported a better-than-expected quarterly profit and revenue, but gave a weaker-than-expected revenue forecast for the current quarter. Accenture pointed to IT spending cuts by corporate customers and a negative impact from the stronger dollar. Nonetheless, Accenture gained 1% in premarket … Read more