Get Real: Can Trump Win the Trade War?
In today’s Get Real morning newsletter, we discussed Trump’s place in the trade war, the CES 2020 showstopper, Cramer on AT&T, and much more.
Nov. 20 2020, Updated 1:06 p.m. ET
In today’s Get Real morning newsletter, we discussed Trump’s place in the trade war, the CES 2020 showstopper, Cramer on AT&T, Xerox’s newest HP takeover move, and more.
Must-knows
Cramer thinks AT&T is worth the buy
CNBC’s Mad Money host Jim Cramer believes in AT&T (NYSE:T). He also believes in Elliott Management’s plans for the company. Yesterday, AT&T stock was trading up by 0.19%.
Wedbush turned cautious on AutoZone
At the beginning of the week, Wedbush analyst Seth Basham reduced his rating and target price for AutoZone (NYSE:AZO) stock. The stock fell after the downgrade. However, other analysts are still optimistic.
Is Trump winning the trade war?
The US trade deficit has finally narrowed after it fell to a three-year low in November. While phase one of the US-China trade war is currently on track, it doesn’t mean that President Trump has won the trade war.
Do US and Iran tensions call for gold or crude oil investment?
Tensions between the US and Iran have been rising since a US drone strike killed Qassem Soleimani, a top official in the Iranian army, last week. Global equities fell in response. We have the current breakdown of gold and crude oil to help you navigate the tensions.
Xerox takes the next steps toward a takeover
Xerox Holdings has secured financing for its proposed HP takeover. HP has been reluctant about the merger. HP has been focusing on its own profitability despite Xerox’s belief that the union would result in significant cost synergies.
What to watch for
Could Trump push oil to $100?
Yesterday, WTI crude oil prices fell 0.8%. More downside could be on the way. Analysts think that more trouble between the US and Iran could contribute to oil prices reaching the $100 mark.
High-speed 5G iPhone might get delayed
According to a CNBC report, Apple (NASDAQ:AAPL) could delay its 5G iPhone launch until January 2021. If the company is cautious for too long, it might miss the chance to capture the 5G market.
Coming soon: AMD Ryzen Threadripper 3990X
Advanced Micro Devices (NYSE:AMD) stole the show at CES 2020 with its 7nm Ryzen Threadripper 3990X. The new GPU is expected to launch on February 7.
Dan Levy’s Tesla expectations
Tesla (NASDAQ:TSLA) stock has already been rising this year. One of the company’s biggest bears, Dan Levy, raised its target price. Tesla is quickly gearing up for an EV revolution, but Levy still thinks that the stock is overvalued.
