What we make of Trump’s Vietnam trade deal — plus, how to think about Apple’s rally
Every day during the week, Jim Crammer and CNBC Investment Club released Homestretch, a processable afternoon update at the last hour of trade at Wall Street. Market Movements: S&P was beautiful on Wednesday, and the large market index complained another record. The session transforms the vicious rotation of the vicious rotation of Tuesday to the more valuable focused delays from the year to the present. In our portfolio, we see some forces in some unintentional value stocks, such as Dupont, Daaher and Dover, but rotation often seems short -lived. Technology was returning with chip stocks such as Club Names Nvidia and Broadcom. Both were shy only a few dollars from the closing of record levels on Monday. Banking in this: We also love a market rally directed by bank stocks and we take this Wednesday. Many, including Wells Fargo and Goldman Sachs, were higher after the increase in capital refund announcements to shareholders. These club names hit the highest levels of intraday of all time. Capital One, which does not raise the capital refund plan but has vehicles in the future of this year, was recorded as the highest Wednesday of all time. In our portfolio, Capital One is preparing to extend its winning line to 10 flat sessions. Wall Street’s credit card giant in mid -May, the power of the purchase of the power of the fact that we say what we say is enjoying a rally. Vietnam agreement: President Donald Trump announced that Social has reached a trade agreement with Vietnam. Retail and clothing industries are most affected by this news, because the country is the second shoe, clothing and accessories supplier sold to the United States. Trump announced that Vietnamese imports will be reduced from 46% to 20% announced on the “Day of Liberation” and will pause one week later. Although this seems to be a positive development, the new rate is higher than the 10% “mutual” tariff – excluded to most countries – excluding China for 90 days during commercial negotiations. In addition, the United States will apply 40% tariff to the transferred goods – items produced in other places, but directed to skip higher tasks than Vietnam. Vietnam is seen as an important transfer point for Chinese exporters. In contrast, Trump said Vietnam agreed to eliminate all tariffs in US imports. Net-Net is glad to welcome the certainty that it brings to markets that can bring the same thing in the future and more trade agreements. Apple Traction: The shares of the iPhone manufacturer were on the verge of a four-session-winning line-since the mid-May, the share of stocks has made the highest level. The two reasons are guiding this rebound. First, as the new month/quarter/half of the year returned, it became the first half -winning/momentum -guided stocks and more “value” shares. We talked about this dynamic in the market section. Apple was disappointed in the first half of the year and was the third worst artist in the portfolio. The second reason-and if it is carried out well, someone who can have a more permanent effect is speculation that Apple may be a partner and partner with a platform like Openai to accelerate its own AI initiatives. Based on the latest reporting, he acknowledged that Apple had finally accepted that he was finally delayed in the AI race and that he was now making serious pressure to increase his abilities. He begs this question: Is it the right time to ride the ship now? Not that fast. The idea that Apple could break from tradition and that AI offers may be a partner with companies such as astonishment, Openai or anthropics to make AI offers more harmonious with peers, has certainly attracted the attention of investors. And it should. Bringing a real partner will significantly increase Apple Intelligence, the key to unlocking more iPhone sales. However, it is difficult to be very excited, especially without anything more concrete with the season of earnings in the corner. As we said at the morning meeting, Apple has lost 18% so far. We do not see an urgent need to sell more shares here. However, we are reluctant to chase the stock and raise our rating, because buying here means betting for Apple’s hope that it will soon make an AI agreement. There is still nothing definite about when/may or may be. Last week’s movement is a preview of how the stock will trade if it announces a meaningful AI agreement, but we keep the position as equivalent to 2 degrees until you have more information. Next: There are no big earning reports after the closing bell on Wednesday or before the opening bell on Thursday. The major activity in the holiday cutting trading session on Thursday is the government’s non -agricultural payroll report in June. As we said before, the job report has the power to determine the tone of making transactions in the new month. For business gains, consensus is estimated 115,000 and the unemployment rate increases to 4.3%. (See here for the full list of Jim Cramer’s philanthropist’s confidence in the charitable trust. Jim is waiting for 45 minutes after sending a trade warning before buying or selling a share in the portfolio of charitable confidence. If Jim talked about a stock on CNBC TV, he’s waiting for 72 hours after trading warning before trading. The above investment club information is subject to our conditions and conditions and our Privacy Policy with the waiver. There is no confidence or duty or not, as you receive any information provided in connection with the Investment Club. A specific result or profit is not guaranteed.
