Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

No Trump Impact? NYSE Trader Breaks Down What's Actually Moving Markets

Video Credit: The Street - Duration: 03:49s - Published < > Embed
No Trump Impact? NYSE Trader Breaks Down What's Actually Moving Markets

No Trump Impact? NYSE Trader Breaks Down What's Actually Moving Markets

Overall, the markets have had a positive attitude this week.

Matthew Cheslock, an equity trader with Virtu Financial, weighed in on the markets and what he's looking at going forward.

"Well, obviously, it's predicated on what we expect or what we hear out of China.

And today we had an unexpected third day of negotiations and the market has reacted accordingly.

Now we're seeing substantial gains for the third or fourth straight day here and most of it is based on the optimism out of China.

We didn't get anything unusually volatile at last night's [Trump] speech," said Cheslock.

"Nothing that was kind of unexpected and that's what the market likes.

It was expecting the worst it didn't get it.

So we saw a rally."

Jim Cramer sat down with Tim Cook, CEO of Apple , Tuesday, Jan.

8.

Apple is TheStreet's sister site's, Real Money, stock of the day.

The two discussed a variety of topics, which included Apple's fall from grace--after the iPhone maker announced that it was slashing its revenue forecast to $84 billion from Wall Street's consensus of $91.5 billion.

Trading Strategies: What's Going on With China and Apple?

"Well, you know [Apple] took a lot of steam out of the FAANG and there's a lot of perceived value on there based on where they were trading only two months ago.

So can it be a market leader again?

Absolutely.

Valuations now become more attractive," Cheslock said.

"And if we get any kind of sign that we're going to have this trade dispute could be over, the FAANG stocks could be well rewarded."

Wednesday morning, Cramer's column on Real Money focused on Apple.

His title, in fact, was Why Wouldn't You Own Apple?

"Yesterday I walked away from my interview with Tim Cook, the CEO, certain as ever that you should own this 11 times earnings stock because I think the company is much bigger than a given story of an order cut or a shade down of numbers by Skyworks Solutions this morning, a forecast cut pretty much in-line with the Japanese report," wrote Cramer in his column.

Apple CEO Cook Says XR Is 'Most Popular' iPhone Amid New Production Cut Report Cheslock reacted to the news that Baird downgraded Nike .

"Obviously, you know, the downgrade was probably indicative of the trade war that we're expecting they have a huge presence overseas mainly in China.

So if that can be solved, again that might provide value for an investor.

Nike has suffered because of that.

Whether they're going to admit it or not in any kind of earnings release.

You could see that if things turn around and they surprise on earnings and they talk about forward guidance and China sales picking up, again you could see a market rally in Nike," said Cheslock.

Apple is a holding in Jim Cramer's Action Alerts Plus portfolio.

And today we had an unexpected third day of negotiations and the market has reacted accordingly.

Now we're seeing substantial gains for the third or fourth straight day here and most of it is based on the optimism out of China.

We didn't get anything unusually volatile at last night's [Trump] speech," said Cheslock.

"Nothing that was kind of unexpected and that's what the market likes.

It was expecting the worst it didn't get it.

So we saw a rally."

Jim Cramer sat down with Tim Cook, CEO of Apple , Tuesday, Jan.

8.

Apple is TheStreet's sister site's, Real Money, stock of the day.

The two discussed a variety of topics, which included Apple's fall from grace--after the iPhone maker announced that it was slashing its revenue forecast to $84 billion from Wall Street's consensus of $91.5 billion.

Trading Strategies: What's Going on With China and Apple?

"Well, you know [Apple] took a lot of steam out of the FAANG and there's a lot of perceived value on there based on where they were trading only two months ago.

So can it be a market leader again?

Absolutely.

Valuations now become more attractive," Cheslock said.

"And if we get any kind of sign that we're going to have this trade dispute could be over, the FAANG stocks could be well rewarded."

Wednesday morning, Cramer's column on Real Money focused on Apple.

His title, in fact, was Why Wouldn't You Own Apple?

"Yesterday I walked away from my interview with Tim Cook, the CEO, certain as ever that you should own this 11 times earnings stock because I think the company is much bigger than a given story of an order cut or a shade down of numbers by Skyworks Solutions this morning, a forecast cut pretty much in-line with the Japanese report," wrote Cramer in his column.

Apple CEO Cook Says XR Is 'Most Popular' iPhone Amid New Production Cut Report Cheslock reacted to the news that Baird downgraded Nike .

"Obviously, you know, the downgrade was probably indicative of the trade war that we're expecting they have a huge presence overseas mainly in China.

So if that can be solved, again that might provide value for an investor.

Nike has suffered because of that.

Whether they're going to admit it or not in any kind of earnings release.

You could see that if things turn around and they surprise on earnings and they talk about forward guidance and China sales picking up, again you could see a market rally in Nike," said Cheslock.

Apple is a holding in Jim Cramer's Action Alerts Plus portfolio.

">
0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Esme Murphy Breaks Down Trump's State Of The Union Address [Video]Esme Murphy Breaks Down Trump's State Of The Union Address

In his second State of the Union speech, President Donald Trump urged a divided Congress to break what he called decades of political stalemate (3:20). WCCO Mid-Morning - February 6, 2019

Credit: CBS 4 WCCO Minnesota     Duration: 03:20Published

CBS4's Jim DeFede On State Of The Union Address [Video]CBS4's Jim DeFede On State Of The Union Address

CBS4's Jim DeFede breaks down what you can expect from tonight's State of the Union address.

Credit: CBS4 Miami     Duration: 02:54Published

Jim Cramer Breaks Down BP and Alphabet Earnings [Video]Jim Cramer Breaks Down BP and Alphabet Earnings

Here's what Jim Cramer's watching in the markets Tuesday, Feb. 5. BP's Earnings BP posted stronger-than-expected fourth quarter earnings Tuesday, wrapping up a lucrative earnings season for western oil..

Credit: The Street     Duration: 09:18Published

How Federal Reserve Rate Hikes Will Impact the Economy in 2019 [Video]How Federal Reserve Rate Hikes Will Impact the Economy in 2019

Whew. Here we go again. The speculation around rate hikes just doesn't stop. Greg McBride, Bankrate's chief financial analyst, believes that the Federal Reserve will hike rates twice in 2019. How to..

Credit: The Street     Duration: 00:51Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest