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JP Morgan Earnings Will Be Positive

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    Hilary Kramer, editor of Gamechanger Stocks, on JP Morgan’s earnings, Apple and Europe.

  • Duration 3:37
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That's.

What the Dow got an early boost from Alcoa's earnings but my next guest says JPMorgan's results later this week will be the ones -- watch joining me now is Hilary Kramer added all.

Game changer stocks Hillary thank you for being here so.

You discounting Alcoa I mean obviously as a different business that you are more interested in the financial.

It's absolutely Alcoa was once an important leader that's -- -- comes first in their in their earnings schedule.

But it's really not as important as JPMorgan on Friday as Citigroup on Monday as GE.

You're expecting from JPMorgan we have the huge trading loss from the whale in London obviously do you think that's not you think the overall stories can be positive.

Absolutely JPMorgan.

Jamie Dimon the CEO he won't find a way to counteract those losses.

To pull a rabbit out of Manhattan every one has expectations of these losses being anywhere from six to nine billion dollars.

I bet they end up being tuned at three billion dollars.

And the bank is going to show some positive momentum and guide higher because after all -- is guidance that everyone's looking and that's the.

Critical thing and are you expecting net generally to be positive -- so many uncertainties out and out of not the least obvious a presidential election news.

Well the presidential election of course the financials have been depressed recently because of concerns over this Libor fixings and handle that.

Afflicted Barclays but I think that will pass and we've seen that that really isn't as important as other issues such as.

Bank of America and their large mortgage portfolio but you wanna put your money right now and bet on -- JPMorgan.

Really doing well.

-- and then conversely I'm actually very negative -- concerned that this may -- the quarter that apple trips stop and just can't continue increasing.

Why is that you think that obviously Apple's such a behemoth is a really a market driver.

Yeah I think that apple just did some inventory pipeline staffing in the last quarter to.

There's been a lot of innovation that's been discussed there's expectations about a new iPhone -- smaller -- But at the same time there's just -- general slowdown -- -- we have a jobless recovery.

Taking place the consumer isn't as strong as the consumers' been.

That's why yeah we're gonna see that reflects and it's those retailers and new.

You know worldwide we've seen China.

Slowing down across Europe continues to drag -- you concerned about the impact on the US economy.

Absolutely.

Actually what we saw today in China was interesting which is that imports have started to -- didn't even come close to meeting that 12% increase expectation.

And so as China continues -- To slow down stop spending and and continue to but -- end dates on major weak areas including real estate.

We're gonna see that impact companies like McDonald's for example.

For word that's -- McDonald's is now trading in the eighties rather than is over the net rather than being over a hundred dollar drag which should be -- -- We saw Cummins.

Guide to lower PMI which is -- has been a very strong player and it was one of the top stocks really in the 20102011.

Period.

He guided lower for 2012 and cited global weakness so investors want to be really careful know that those financials it with low interest rate right gonna hit out of the park.

But they have to be careful.

About some of those general industrials and if you really want industrials maybe go for -- more look at 3M -- data are very good all right lots to keep but I don't Hilary Kramer thank you so much of being depreciated and.

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