If Earnings Are Positive, We’ll be in for A Good Year

Despite a rough end to 2018, we’re off to a good start in the New Year. If earnings come out positively, that will be a boost in the right direction for stocks. Though, says Shah Gilani, we are at critical levels right now on the major indexes, if the Dow stays above 24,000 and the NASDAQ stays above 7,000, he’s all in.

On this episode of Varney & Co., host Stuart Varney, Shah Gilani, and the panel of experts discuss how the incredible defeat of Prime Minister Theresa May’s Brexit deal will affect the U.S. It’s a “non-event” to us, Shah says, and if there is a hard Brexit, he believes that the U.S. market, which is the strongest market in the world, will soar higher as money moves over here. Then, later, the experts discuss the fate of social media favorite Snap Inc. (NasdaqGS:SNAP) as its Chief Financial Officer, Tim Stone, leaves the company (and $19 million) after just eight months. What does this mean for Snap and its users? It may not be good news…