United States  

Trusted News Discovery Since 2008
One News Page
One News Page United States > News Videos > Portfolio Advice: Apple & Walmart

Portfolio Advice: Apple & Walmart

Video Credit: The Street - Duration: 01:37s - Published < > Embed
Portfolio Advice: Apple & Walmart

Portfolio Advice: Apple & Walmart

Jay Pestrichelli, CEO of ZEGA Financial, weighed in on the two stocks he's keeping an eye on.

Hint: One's been in the news lately and the other is facing off against the Death Star that is Amazon .

If you guessed Walmart and Apple , then you're right.

"There's a lot of news...about Apple, right?

There were some downgrades.

People think it's kind of overbought.

For us, we ended up managing a lot of client portfolios that hold Apple.

It just is a natural position for a lot of portfolios.

And so there's a way to actually continue to hold that stock, um, but in a protected way," said Pestrichelli.

"So we are able to, at no cost or very low costs, hedge those stocks where you could pick your upside, where you want to sell it, but then say limit your loss to say 10 or 15%.

And so when we're managing those positions like Apple, we end up putting on a little extra addition to it because you can get some market movements here.

So Apple's an interesting name," he continued.

Watch Jim Cramer's Daily NYSE Show and Replays Below


You Might Like

Tweets about this

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2020 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.