The shares traded mixed Monday amid uncertainty over the Biden administration’s stimulus plans and as investors prepared for a heavy week with technology gains, including Apple and T.
Katherine Ross and Jim Cramer of TheStreet discussed the latest news on the stock market. Cramer talked about operating Apple and GameStop and the markets on Monday.
Apple: Want to buy or sell?
Apple tech giant (AAPL) – Get the report on Monday it received a price update from Wedbush analyst Dan Ives as it expects the iPhone maker to post robust results this week.
Ives said the “iPhone 12 supercycle hype has come true” led by Asia. Ives raised its iPhone 12 sales forecast by 35% to more than 90 million.
Cramer said analysts raise Apple’s expectations to the extent that sometimes Apple, no executive, Tim Cook can meet them. “It’s helpful to have a president who hasn’t directly challenged President Xi. It’s quite possible that you see people who have Apple phones in China and there’s also a shortage of Huawei.”
GameStop: buy or sell?
GameStop actions (GME) – Get the report increased as the conflict between retail investors and short sellers continued for the video game retailer at a loss.
Last week, Andrew Left, managing partner of soon-to-be-sold Citron, said he was abandoning shares due to bullfighting.
Cramer said there are people on WallStreetBets who have found that short positions [on stocks] they are offline with what might happen. “After Ryan Cohen of RC Ventures [and the founder of Chewy] joined the GameStop board last week and made people feel like maybe GameStop is going to make its way back. Last week it closed at a record high for trying to “squeeze” Citron Research, which sold short-term, which bet on GameStop shares on January 19th.
Markets Monday
Cramer said investors could change value and grow. “I didn’t like this rotation because I’m always afraid, at the beginning of the year, that animal spirits will increase the figure by value, which is therefore too high. That could happen. Meanwhile, the growth stocks, which are “Technology and healthcare, they’re back. I’m seeing an amazing transition on the march of value actions and technology and healthcare, not much further.”
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