Apple is on fire and helping the chip stocks rally, Jim Cramer says

Those four names rose Monday, with Cirrus leading the group with a gain of 2.6%. The stocks, with the exception of Broadcom, have also rallied since mid-September with Skyworks Solutions surging 12%, according to FactSet.

"In other words, Cook's not waiting for the trade talks to be resolved. ... He's on the the front lines, front lines of the trade war trying to calm things down," Cramer said. "A rally in these stocks can trigger a dramatic move in the whole Nasdaq. It's a mammoth breakout that silences the macro junkies" worried about "a big economic slowdown that's pretty hard to find if you're examining most domestically oriented companies.

last Tuesday, has on the banking sector in the market. The stock rallied 2.5% in Monday's session and Cramer said the move influenced a number of other bank stocks. "The stock of J.P. Morgan is ridiculously cheap. You can't have a real bank rally without this one, it's the best of the best," Cramer said. "That's why the stock's fabulous move today was a locomotive that pulled

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

StockX's new CEO tells Jim Cramer going public is 'certainly our objective as a company''We're going after a global opportunity with consumers around the world and we're super excited about this innovation in commerce,' CEO Scott Cutler tells CNBC's Jim Cramer. they should prioritize not getting hacked again first of all. WeWork?
Fuente: CNBC - 🏆 12. / 72 Leer más »