After a campaign season in which Donald Trump went after American companies – specifically tech companies – for stashing both jobs and cash overseas, Varney & Co. host Stuart Varney asked Shah point-blank about news that Trump will meet with tech companies in New York on December 14. Stuart said it appeared as though Trump was preparing to “strong-arm” the industry.
Shah pointed out that unlike the Carrier deal or the incident regarding Boeing, Trump was reaching out to an entire industry, and that his approach could help repatriate billions in cash and lead to the creation of thousands of jobs.
The markets are in uncharted territory, with the Dow marching toward 21,000, you may be wondering which stocks are still a buy at these new all-time highs. On this latest episode of Varney & Co, Shah gave his thoughts on three stocks that are potential buys for the savvy investor.
Before tackling the stock market, the discussion gets into Trump’s Treasury and Commerce picks – Steve Mnuchin and Wilbur Ross.
Everyone was surprised to see how quickly the markets rallied after the election, and it’s even more surprising that we’re still riding that high. During his recent appearance on Making Money, Shah outlined how Trump can keep the skies looking blue.
Now that Dow 20,000 is right on the horizon, Varney & Co. host Stuart Varney asked Shah what it would take to get even further. Considering the trillions of dollars on the sidelines, the lack of resistance to the upside, and how a Trump presidency will affect the economy… Shah says 21k is attainable.
He also talked about Twitter’s “internal mistake” and how it will impact the stock, and Apple’s desperate return to Black Friday.
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 here.