Ahead of the Federal Reserve’s Open Market Committee announcement on whether or not it would raise interest rates, Shah joined Varney and Co. to discuss the central bank’s likely course of action before and after the most contentious presidential election in recent memory.
According to Shah, the Fed is telegraphing a December rate hike to give markets ample opportunity to adjust ahead of time.
But if Donald Trump wins the election, an outcome that’s looking increasingly plausible as we approach Election Day, all bets are off.
On a recent episode on Varney & Co., host Stuart Varney put the question to Shah: Is Apple Inc. (NASDAQ:AAPL) still an innovative company, or are they simply milking the legacy of Steve Jobs?Shah says no – there’s no reason to buy AAPL right now if you don’t own it… and if you do own it, you might want to consider taking profits.
Instead, for the stocks that Shah thinks are going to be the big innovators going forward… just click below:
On a recent episode of Varney & Co., Shah stopped by to talk about what the markets are indicating about the upcoming presidential election. Do the markets think a Hillary Clinton victory is in the offing? Would they prefer a government under the direction of President Trump?
Shah described it in simple terms: a battle between capitalism and socialism.
It seems that every few months, rumors surface that the poorly monetized (for now) social media network Twitter is a ripe takeover target.
But because of the company’s failure to capture and monetize its global audience the way its main competitor – Facebook – has, it’s hard to calculate Twitter’s value. Not only is it hard to nail down a decent price per share for a prospective buyer, but it’s hard to determine just what Twitter would bring to the table.
During Monday night’s presidential debate, GOP nominee Donald Trump said that the Fed was being “more political” than his democratic counterpart Hillary Clinton, which sparked a national conversation about what the Fed actually does.
Shah stopped by a recent episode of Making Money with Charles Payne to talk about his position that the Federal Reserve is – and always has been – a political tool.
Ahead of congressional hearings to discuss the recent price boost for the company’s, EpiPen product, Shah speculated that pharmaceutical company Mylan NV (NASDAQ:MYL) could be a buy.
On the morning before the hearing, Shah said that the bad news was already out there, and as a result the stock was hovering just above its 52-week low. He further said that the stock was likely to bounce back – and he would even be looking to buy if it dipped lower during the hearings.
Sure enough, the stock has tacked on 4.74% since.
Shah also discussed Microsoft Corp. (NASDAQ:MSFT), Tesla Motors Inc. (NASDAQ:TSLA), the Bayer-Monsanto deal, December’s likely rate hike, and the politicization of the Fed.