Jim Cramer Breaks Down Broadcom, U.S.-China Trade War, Markets
It's Friday, Friday, Friday...
Jim Cramer weighs in on a possible U.S.-China trade deal, Broadcom (AVGO) - Get Broadcom Inc. Report post-earnings and the markets.
Another Day, Another Trade Headline
Or...three or four.
Yesterday, Wall Street got a couple of different headlines from President Trump -- including a 15-day delay on tariffs that were expected to go into effect Oct. 1, and then Trump said that he could be interested in an interim trade deal with China, which was followed by China saying that it would exclude U.S. soybeans and pork from additional tariffs.
Phew.
In his Real Money column Friday morning, Cramer wrote about the impact of the U.S.-China trade war on stocks and broke down what stocks were being held "hostage" by the trade war.
Broadcom Posts Earnings
Let's get into Real Money Stock of the Day Broadcom.
The company reported fiscal third-quarter earnings of $5.16 a share, beating analysts' estimates but the chipmaker cautioned that a recovery in global semiconductor markets could take longer than anticipated.
Revenue in the third quarter rose to $5.52 billion from $5.06 billion in the year-earlier quarter and matched analysts' forecasts.
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