End of a Volatile Market Week, Apple Jumps on Earnings, Robinhood’s Slump Steepens and “SARK” vs. Cathie Wood’s “ARKK”

Carl Quintanilla, Jim Cramer and David Faber led off the show with a look at Apple: Shares rose after the company posted better-than-expected quarterly results, including an 11% jump in revenue. The anchors reacted to what Apple CEO Tim Cook told CNBC about improvement in the supply chain as well as the sales performance of Apple’s products. Other earnings in the spotlight: Visa, Caterpillar and Chevron – on the final trading day of a volatile week for stocks, with Nasdaq on pace for its worst January in history. Robinhood shares tumbled on wider-than-expected losses and weaker guidance. Carl, Jim and David reacted to earnings call comments by CEO Vlad Tenev about Robinhood’s stock price – down more than 70% from its IPO price. Cramer highlighted a tough month for Cathie Wood’s ARK Innovation ETF (ARKK) and the big surge by Tuttle Capital’s “SARK” – an ETF that Jim says “literally shorts whatever Cathie goes long.” Find out where “Cutty Sark” fits into the mix. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.