Interactive Brokers' Steve Sosnick: Market has started to see through tariff noise
Steve Sosnick, Interactive Brokers chief strategist, joins CNBC's 'Squawk on the Street' to discuss how markets are responding to tariffs news, how much some stocks are driven by momentum, and more.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
37 minutes ago
- Yahoo
Jim Cramer Notes PayPal (PYPL)'s CEO Alex Chriss 'Will Get You Where You Have to Go'
We recently published a list of . In this article, we are going to take a look at where PayPal Holdings, Inc. (NASDAQ:PYPL) stands against other stocks that Jim Cramer discusses. When a caller asked Cramer about PayPal Holdings, Inc. (NASDAQ:PYPL) during Mad Money's lightning round, he replied: 'Alright, listen to me, listen to me, sunshine. Alex Chriss is really coming, he did not deliver in a couple of quarters. I now think he is ready to roll. I like the stock of PayPal. It is a crowded space, admittedly, crowded space, and you know, there's a lot of companies that are trying to do the, somewhat of the same thing, including Affirm. But I will tell you that I think Alex Chriss, he'd be the man, and he will get you where you have to go.' A consumer in a cafe paying for goods using a mobile payment app. PayPal Holdings, Inc. (NASDAQ:PYPL) offers a digital payments platform that connects consumers and merchants, enabling transactions across various channels using multiple funding sources, including cards, bank accounts, and cryptocurrencies. During the April 17 episode of Squawk on the Street, Cramer mentioned the company along with a couple of others, and here is what he had to say: 'People should know that it's PayPal, Stripe, Square, all against them. And I think that these guys could be very powerful versus those. PayPal, if you remember, it's kind of dropping back a little. Square's had a little bit of problems. Stripe is on fire. Maybe this is against Stripe.' READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
37 minutes ago
- Yahoo
Jim Cramer Says to 'Buy Dover (DOV) Right Now'
We recently published a list of . In this article, we are going to take a look at where Dover Corporation (NYSE:DOV) stands against other stocks that Jim Cramer discusses. Inquiring about Dover Corporation (NYSE:DOV), a caller asked if Cramer thinks that the stock will ever hit $222. He replied: 'I look wrong right now on Dover for the club… but I think I'm going to be right. Why? Because I think that Tobin is very smart, the CEO and the stock should never have been thrown back, 19 times earnings. It even went down when steel tariffs went on. I say enough is enough. Buy Dover right now, tomorrow morning.' A modern industrial equipment assembly line in motion. Dover (NYSE:DOV) produces items like pumps, flow meters, refrigeration systems, printing and coding equipment, vehicle lifts, winches, and fluid dispensing tools. Additionally, the company provides software and services used in fuel handling, industrial processing, climate control, and product traceability across various industries. During an episode of Squawk on the Street in April, Cramer commented: 'Okay so here's a good example of the craziness of this market. Dover reports. Dover did what RTX did the other day. They actually said okay listen the tariffs are hurting us. Okay, here's how they're hurting us. Stock was immediately down seven bucks. Down 7. And I was like I own it for my charitable trust and I'm like meumughmhgm . . .and then well people figured out, wait a second, they told the truth! Now the stock's up nice.' READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
38 minutes ago
- CNBC
What Germany's Merz wants to tackle in Trump meeting
German Chancellor Friedrich Merz is set to meet U.S. President Donald Trump on Thursday, with much to discuss at a time of trade disputes and ongoing war in Europe. During both of his presidential terms, Trump has triggered tensions between long-standing allies U.S. and the European Union. "The tone is as rough as it has not been in a long time," German Foreign Minister Johann Wadephul said in a speech on German-U.S. relations earlier this week. White House officials have not always found friendly words for Berlin in recent months, and vice versa. But there have been some signs of rapprochement, with the country's leaders now reportedly being on a first name basis after several phone calls. Building on this will be a top priority for Merz in D.C. "Top of the agenda for the German Chancellor will be to strike the right chord with Trump," Jörn Fleck, senior director of the Europe Center at the Atlantic Council, told CNBC. Merz's conservative views on immigration, his links to U.S. businesses — the chancellor is a former BlackRock executive — "and a profile as an old-school outsider who was underestimated but won an election by pledging to restore his country's economy and security," could work in his favor, Fleck explained. Export-reliant Germany counts the U.S. as its biggest trading partner, leaving it vulnerable in the face of Trump's trade agenda. Penny Naas, who leads on the German Marshall Fund's allied strategic competitiveness work, told CNBC that this is especially true for sector-specific tariffs, for example targeting autos and steel. They "hit industries at the core of the German economy," she said. "Merz will want to see if there is any room for negotiation on these tariffs," such as the U.S. and EU cutting all industrial duties to zero, Naas added. Trump's so-called reciprocal tariffs, which have also been imposed on the European Union, are also set to be on Merz's agenda, Franziska Palmas, senior Europe economist at Capital Economics, told CNBC. "He is likely to stress his support for free trade and a EU-US trade deal. He may point to the EU's proposal of a zero-for-zero tariff deal as an ideal outcome," she said. Negotiations between the EU and U.S. have so far been tough, but European Trade Commissioner Maros Sefcovic on Tuesday signaled talks were "advancing in the right direction." The Russia-Ukraine war will also almost certainly be discussed, especially after Trump's Wednesday phone call with Russian President Vladimir Putin. European leaders have pushed Trump to apply pressure on Putin, and Merz is expected to follow suit, the Atlantic Council's Fleck said. Palmas meanwhile said Merz would likely "reiterate Germany's strong support for Ukraine and the need for European countries to be involved in peace negotiations." U.S. support for Kyiv has been uncertain, along with Trump's focus on expediting peace-making between Russia and Ukraine — raising concerns in Europe. Topics like U.S. support for European troops on the ground, enforcing sanctions and sharing information may therefore come up, Fleck added. Another critical topic will be the NATO military alliance in which both Germany and the U.S. participate and specifically members' defense contributions. Trump has long been pushing for these expenditures to rise to 5% of each country's gross domestic product, meeting some resistance. Fleck noted that "Merz will want to make sure Germany is no longer seen as a laggard on defense spending and capabilities." Given Germany's recent fiscal reforms that allow for higher defense costs and its support for Trump's 5% NATO spending target, the German chancellor should have "a positive story to tell" on this front. Capital Economics' Palmas added that Merz may even use the occasion to announce a specific defense spending target.
