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

Jim Cramer Breaks Down U.S.-China Trade Talks and Palo Alto's Earnings

Video Credit: The Street - Duration: 07:40s - Published < > Embed
Jim Cramer Breaks Down U.S.-China Trade Talks and Palo Alto's Earnings

Jim Cramer Breaks Down U.S.-China Trade Talks and Palo Alto's Earnings

Jim Cramer is back to give his break down of the latest on trade talks between the U.S. and China and his thoughts on Palo Alto Networks earnings.

U.S.-China Trade Talks China's Commerce Ministry said the two sides will hold high-level negotiations in Washington early next month, while the U.S. side confirmed a sit-down "in the coming weeks." Preliminary talks are expected to be in mid-September, the Commerce Ministry said following a phone call Wednesday with China's Vice Premier Liu He and U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin.

Here is what Jim had to say about talks with China: "I shudder to say this, but it's still a China market.

Now I think that's a false construct, but any, and the reason is, is because as I've been saying, you have talks, talks fail, so market rallies, market goes down, tariffs get put on, market goes down again, tariffs don't seem to matter that much, market goes up.

Notion that there'll be talks again, market goes up.

So we've been rinsing and repeating the same story.

So if you're buying it off of these talks, and Lighthizer does matter by the way.

But remember, you're buying them off of Mnuchin.

When you see Navarro saying that the talks are okay then I'm going to believe, otherwise I'm sticking by my theory early on, as I have all year, that all tariffs are going to rise between 25 and 30.

It's easier to cut a tariff than it is to not do one.

So top of mind is, is that don't get your hopes up, own stocks because of fundamentals, not because of the possibility of China." Palo Alto Networks Earnings Palo Alto Networks posted adjusted earnings of $1.47 a share, 5 cents better than analysts' estimates, and said it can achieve a compounded annual growth rate of 20% by 2022 for both billings and revenue from its cloud-based security products.

Revenue was $805.8 million, up from $658.5 million a year earlier and ahead of forecasts of $803 million.

Billings in Palo Alto's fourth quarter rose rose 22% to $1.1 billion.

Analysts had expected billings of $995 million.

The biggest takeaway according to Jim Cramer?

"The guy who's really been keeping it down, which is a very good analyst Credit Suisse who raises his price target by like 10 bucks has to start dealing with reality.

And the reality is is that there was a strategy all along and the strategy was to be king of both the firewall and the cloud.

Right now, ZScaler and CrowdStrike are the cloud.

What Nikesh is saying, you can't just have the cloud and no enterprise.

You have to have them both.

He's got that strategy.

I know that Cisco does too.

That strategy is a winner." Watch the video above to see what else Jim had to say about trade, Palo Alto, and the markets.

Premium Pick: Choppy Market Action on Hong Kong News Catch Up: Today's Top News Videos Below


You Might Like

Recent related videos from verified sources

Jim Cramer: How Investors Should Approach Oil Right Now [Video]Jim Cramer: How Investors Should Approach Oil Right Now

Let's dive in... The Dow dropped for the first time in eight days following an attack on two key Saudi Arabian oil facilities. Oil prices surged the most since the 1991 Gulf War in early trading,..

Credit: The Street     Duration: 01:46Published

Jim Cramer: Three Companies to Buy After the Saudi Arabia Oil Attacks [Video]Jim Cramer: Three Companies to Buy After the Saudi Arabia Oil Attacks

Phew. We've broken the eight-day Dow streak. So, with all of this news around the attacks on two key Saudi Arabian oil facilities, are there buying opportunities? According to Jim Cramer, yes, there..

Credit: The Street     Duration: 00:57Published

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  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.