Stock Market Cheers Sluggish Jobs Report; Apple Jumps On iPhone News | Summary and Q&A

928 views
β€’
October 4, 2019
by
Investor's Business Daily
YouTube video player
Stock Market Cheers Sluggish Jobs Report; Apple Jumps On iPhone News

TL;DR

The stock market closed with strong gains, with the Nasdaq, S&P 500, and Dow all up about 1.4%. Apple's increased production for the new iPhone led to a 2.8% gain, while Costco gained 1% and RingCentral saw a massive 28% gain on a new partnership.

Install to Summarize YouTube Videos and Get Transcripts

Key Insights

  • πŸ’ͺ The stock market had a strong week, with gains across the board, despite investor confusion about its overall direction.
  • ℒ️ The start of China trade talks next week may impact market volatility.
  • 🎭 Semiconductor stocks are performing well and could provide another catalyst for the market.
  • 🀞 Apple's increased production for the new iPhone signals hope for its stock, despite concerns about iPhone demand.
  • πŸ₯³ Costco's solid earnings report and support at the 50-day moving average make it an attractive stock.
  • πŸ₯Ί RingCentral's new partnership with Avaya led to a significant gain in its stock, suggesting improved fundamentals.
  • πŸ’„ Emotions can impact investing decisions, making it important to manage them effectively.

Transcript

good afternoon from Los Angeles and welcome to stock market today sponsored by Interactive Brokers now on today's show we're gonna be taking a look at the charts of Apple as well as Costco and RingCentral a really interesting move there but before we get to that let's take a look at the major indexes it's Alisa chorim here joined by Ken Shrieve and... Read More

Questions & Answers

Q: What caused the strong gains in the stock market?

The gains were attributed to a positive jobs report, with job growth slightly below expectations but the unemployment rate at a 50-year low. Investors were relieved that the report wasn't worse than expected.

Q: Why did Apple's stock gain despite concerns about iPhone demand?

Apple's stock gained due to news of increased production for the new iPhone, which will have 5G capabilities. This offset concerns about iPhone demand in a saturated cell phone market.

Q: How did Costco perform amid market volatility?

Costco held up well amid market volatility, gaining 1% and finding support at the 50-day moving average. Its earnings report showed 7% top-line growth and increased memberships, leading to price target hikes by analysts.

Q: What led to the massive gain in RingCentral's stock?

RingCentral's stock gained 28% due to a new partnership with Avaya, a telecom services provider. The partnership involves cloud-based communications and collaboration software, leading to speculation that RingCentral's fundamentals have improved.

Summary & Key Takeaways

  • The major stock indexes, including the Nasdaq, S&P 500, and Dow, closed with gains of around 1.4%.

  • Apple's stock gained 2.8% due to increased production for the new iPhone, which will feature 5G capabilities.

  • Costco saw a 1% gain after reporting strong earnings and several price target hikes from analysts.

  • RingCentral experienced a 28% gain on news of a lucrative partnership with Avaya, a telecom services provider.

Share This Summary πŸ“š

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on:

Explore More Summaries from Investor's Business Daily πŸ“š

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on: